Cape Coral, FL Car Insurance

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How Much Does Car Insurance Cost in Cape Coral?

Cape Coral’s average car insurance rate is $2,019 per year. It is cheaper than the state’s average rate of $2,297 but more expensive than the nation’s average of $1,541. Several factors are evaluated when insurers calculate your car insurance quote. Your marital status, driving history, credit tier, age, and location are the most common aspects that influence your annual car insurance cost in Cape Coral.

If you want to save on your car insurance, it is wise to compare the rates from several companies to identify the one the best suits your current driving profile. Your location, age, driving history, credit tier, and marital status will directly affect your car insurance rate in Cape Coral. Thus, every driver garners different rates all the time.

Cape Coral Car Insurance Costs by Company

Different car insurance companies in Cape Coral have different policies and rates. State Farm offers the cheapest car insurance in Cape Coral with an average rate of $1,597 annually. Maintaining a clean driving history will keep your car insurance rates to stay on the average.

Insurance CompanyAnnual RateMonthly Rate
State Farm$1,597$123
GEICO$1,753$146
MetLife$2,581$215
Direct Auto$2,582$215
Allstate$2,657$214

Florida Cheapest Car Insurance Rates For Minimum Coverage

If you are looking for an insurance company that offers the cheapest car insurance cost with minimum coverage, several companies around the state provide minimum car insurance coverage at a competitive price. State Farm by far offers the best deal when it comes to purchasing car insurance with minimum coverage.

Insurance CompanyAnnual RateMonthly Rate
State Farm$2,528$211
GEICO$3,206$267
Direct Auto$3,266$272
Allstate$3,911$326
MetLife$5,222$435

Cape Coral Auto Insurance Rates by Age Bracket

Your age impacts your car insurance rates in Cape Coral. Drivers within the age range of fifty and up carry cheaper auto insurance premiums in contrast to other age groups. Teenagers, however, pay the most for car insurance in Cape Coral since they are considered high-risk drivers. On a brighter note, when teens reach the age of 20, a substantial decrease in their premiums will immediately reflect.

Cape Coral Car Insurance Rates Per Age Group

Age GroupAnnual RateMonthly Rate
Teenagers$5,762$480
20s$2,576$215
30s$2,011$168
40s$1,966$164
50s$1,839$153
60s$1,884$157
70s$2,301$192

Florida Cheapest Full Coverage Insurance Rates For Young Drivers With Clean Driving History

In Florida, teen drivers are considered inexperienced and high-risk drivers. That is why they pay the most expensive car insurance rates in Florida. But, if you are a young responsible driver, several auto insurance companies in Florida will provide you car insurance coverage at a cheaper rate.

Insurance CompanyAnnual RateMonthly Rate
State Farm$2,001$167
GEICO$2,487$207
MetLife$2,877$240
Allstate$3,922$327
Direct Auto$3,201$267

Cape Coral Car Insurance Premiums By Gender and Marital Status

Other factors that influence your car insurance rates are your marital status and gender. Married couples and widowed drivers in Cape Coral pay lower car insurance rates in contrast to those who are single. While married couples are considered responsible drivers in contrast to single drivers, their gender also affects their overall auto insurance premiums. Female drivers pay more than males for car insurance in Cape Coral.

Cape Coral Car Insurance Premiums by Marital Status and Gender

Marital Status/GenderAnnual RateMonthly Rate
Male$2,017$168
Female$2,053$171
Single$1,925$160
Married$1,925$160
Divorced$2,017$168
Widowed$1,977$165

Florida Cheapest Car Insurance Rates For Married Couples

As was mentioned, married couples pay cheaper car insurance rates in Florida. Married couples are considered financially stable and low-risk responsible drivers. Thus, they pay a cheaper car insurance rate in Florida. MetLife by far offers the cheapest auto insurance rates for married couples.

Insurance CompanyAnnual RateMonthly Rate
MetLife$2,374$198
State Farm$2,721$227
GEICO$3,022$252
Direct Auto$3,233$269
Allstate$3,333$278

Cape Coral Auto Insurance Rates After an Accident or Violation

Maintaining a clean driving history will substantially help in minimizing your Cape Coral car insurance costs. One at-fault accident can cause your premiums to increase. Even acquiring speeding tickets, and reckless driving citations are considered a risk. Thus, maintaining a good driving record in Cape Coral will keep your premiums low and close to the average of $2,019 annually.

Cape Coral Car Insurance Rates For High-Risk Drivers

Driving ViolationAnnual RateMonthly Rate
DUI/DWI$2,943$245
Reckless Driving$3,044$254
At-Fault Accident (less than $1000 damages)$2,782$232
At-Fault Accident (more than $1000 damages)$2,782$232
Speeding Ticket$2,518$210

Florida Average Auto Insurance Costs With One At-Fault Accident

Typically, one at-fault accident will drive your car insurance rates in Florida up. Depending on the number of damages acquired, drivers who have been in an at-fault accident pay expensive auto insurance rates in Florida. However, there are car insurance companies around Florida that offer less expensive car insurance premiums to high-risk drivers.

Insurance CompanyAnnual RateMonthly Rate
State Farm$2,033$169
GEICO$2,821$239
MetLife$3,237$270
Direct Auto$3,411$284
Allstate$3,962$330

Florida Average Car Insurance Rate After A Ticket

Receiving a speeding ticket might not seem like a serious offense but, in Florida, drivers typically will pay more on their auto insurance premiums after a ticket. However, some insurance companies around the state offer cheap car insurance premiums to reckless drivers in Florida.

Insurance CompanyAnnual RateMonthly Rate
State Farm$1,902$159
GEICO$2,955$246
MetLife$2,721$227
Direct Auto$3,163$264
Allstate$2,811$234

Cape Coral Auto Insurance Rates by Credit Tier

Your credit tier is another factor Cape Coral auto insurance companies assess when calculating your car insurance rates. Building a robust credit score will render savings on your car insurance premiums. Also, if you leverage your credit from Very Poor to Exceptional will give you savings up to 59% annually on your car insurance rates. Hence, keeping a good credit score is one way for your rates to stay on the average in Cape Coral.

Cape Coral Car Insurance Premiums by Credit Tier

Credit LevelAnnual RateMonthly Rate
Very Poor$3,966$331
Fair$2,463$205
Good$2,017$168
Very Good$1,824$152
Exceptional$1,621$135

Florida Average Car Insurance Rates by Poor Credit with Minimum Coverage

Several car insurance companies in Florida provide cheap premiums for drivers with poor credit who purchase car insurance with minimum coverage. State Farm offers the cheapest car insurance rates with minimum coverage in Florida.

Insurance CompanyAnnual RateMonthly Rate
State Farm$1,989$166
GEICO$1,955$163
United Auto$2,671$223
Direct Auto$1,298$108
Allstate$2,244$187

Florida Average Car Insurance Rates For Good Drivers With Poor Credit

Your credit tier is one of the aspects that impact your car insurance rates in Florida. Having a poor credit score can increase your car insurance premiums. However, if you are a good driver with poor credit, some car insurance companies in Florida offer cheap coverage despite the poor credit tier.

Insurance CompanyAnnual RateMonthly Rate
Direct Auto$2,528$211
United Auto$3,206$267
State Farm$3,266$272
GEICO$3,911$326
Allstate$5,222$435

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Cape Coral Car Insurance FAQs

  • Is it possible for a car insurance company in Cape Coral to refuse renewal of your policy due to the accumulated driving violations for the past three years?

    Yes. If you have more than one at-fault violation, it is possible for your car insurance provider not to renew your policy with them.

  • My CB radio along with my cellphone was stolen in my car in Cape Coral and my insurance provider refuses to replace or pay for it. Is this typical for insurance companies?

    Yes. Usually, companies don’t account for CB radios, electronic equipment, and cellphones as part of the coverage. 

  • What is Personal Injury Protection (PIP) mean in Cape Coral?

    PIP refers to no-fault insurance that covers your family members that reside in your home and endured an accident in your car.

  • What does comparative negligence mean?

    It is a legal principle that provides a thorough assessment of the ratio of its contribution to the car crash. 

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