Tampa, FL Auto Insurance | Cheap Car Insurance in Tampa, FL

Florida auto insurance has a 10/10 requirement for minimum coverage, which concerns Property Damage Liability Coverage (PDL) and Personal Injury Protection (PIP). Cheap car insurance in Tampa, FL is offered by State Farm with monthly rates as low as $80. There are several companies that offer competitive Tampa, FL auto insurance. Some of these Tampa, FL car insurance companies include Allied, Amica, Mercury, and State Farm.

Tampa is the third-largest city within the state of Florida. As a coastal city, Tampa has a long history of trade, tourism, and cultural diversity. Currently, there is a boom in both the private sector and government business, especially when it comes to international trade and construction.

Fun Fact: Did you know that Tampa is #18 on the list of “Top 101 cities with the highest number of police officers in 2006 per 1000 residents (population 50,000+)”?

Are you looking for cheap auto insurance in Tampa, FL? At AutoInsuranceEZ.com, you’ll find the cheapest car insurance in Tampa, Florida. Take a look at all the statistical data we’ve gathered for Tampa drivers – you’ll be surprised by what you learn! Enter your ZIP code into the quote box to get a free quote.

Auto Insurance Coverage Requirements in Florida

Per the Florida Office of Insurance Regulation, the minimum insurance coverage you should have on your car is:

Coverage	Requirements	Most Common
Bodily Injury Liability	Not required	100,000/300,000
Property Damage Liability	10,000	50,000
Uninsured Motorist Bodily Injury	Not required	10,000/20,000
Medical Payments	Not required	5,000
Collision	Not required	500 deductible
Comprehensive	Not required	250 deductible

If you are still financing your vehicle, your bank lender may require that you add Comprehensive and Collision insurance to your policy. Otherwise, all additional forms of coverage – including Bodily Injury Liability and Uninsured/Underinsured Motorist coverage are optional. Tampa, FL auto insurance companies contemplate various factors when figuring out insurance quotes, including gender, occupation, years of driving experience, and current insurance coverage and limits. Also keep in mind that premiums change from carrier to carrier. To make sure you’re still being charged the cheapest rate, compare Tampa, FL auto insurance quotes online.

For those living in Tampa, you can expect to pay around $119/month*, lower than $153, the average cost of car insurance in Tampa, FL. But don’t worry, there are ways to get a better deal. For instance, you can shop around for different insurance companies in Tampa, Florida which offer lower rates. See below for some of the cheapest auto insurance in Tampa, Florida.

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How Much is Car Insurance in Tampa?

Based on our information, it seems that State Farm and Amica offer the cheapest auto insurance in Tampa, FL, beating both the state and the Tampa average. However, there are other important factors at play. Customer service might be better at one company, even though their rates are higher. Another provider might offer more discounts than advertised.

Some have asked, “why is car insurance so expensive in Tampa?” Insurance carriers contemplate various factors when figuring out insurance quotes, including gender, occupation, years of driving experience, and current insurance coverage and limits. Also keep in mind that premiums change from carrier to carrier. To make sure you’re still being charged the cheapest rate, compare auto insurance Florida quotes online.

Major Factors in Cheap Car Insurance in Tampa, Florida

There are many ways that your car insurance rate might be estimated. But not all of it is out of your control; there are actions you can take to be able to control what discounts you are entitled to acquire. The following are some of these elements in greater detail:

Your ZIP Code

The cheapest car insurance is usually found in cities with a lower population density. Because there are fewer automobiles on the road, there are fewer opportunities for you to get into a major car accident with another driver. The population of Tampa is 352,957 with a median household income of $42,649.

Automotive Accidents

If motor vehicle accidents are common on the roads where you drive most frequently, then your insurance provider will offset that risk by charging you higher Tampa, FL auto insurance rates. Unfortunately, fatal accidents were in the rise in 2013, with 53 crashes resulting in 57 fatalities.

Auto Thefts in Tampa

Auto theft is a major problem, especially in densely populated cities. If your location and/or vehicle model put you at a greater risk for theft, you may have trouble finding low-cost car insurance. The total number of stolen vehicles in Tampa has steadily declined in recent years, down to 553 vehicle thefts for the year 2013.

Your Credit Score

Your credit score is a very significant – yet often overlooked – variable which influences your overall monthly premium. People with good credit are often rewarded with lower rates. For Tampa drivers, the chart below shows that this trend applies to the bay area as well.

Your Age

Age is another large factor that comes into play when determining insurance rates. As you can see in the chart below, a high school student can end up paying double (or more) what an adult would for insurance each month. Ask your agent about good student discounts and drivers education courses to help lower your young driver’s rates.

Your Driving Record

Low-risk drivers tend to have blemish-free (or nearly perfect) driving records, so insurance companies tend to charge them lower rates each month. If your record is less than perfect, you should ask your insurance agent about “accident forgiveness” discounts to see if you can save money. For more serious violations, however, your rates might go up significantly – or your provider may refuse to cover you all together.

Your Vehicle

Another factor which helps determine your monthly rate is how much it might cost for your damaged or stolen car to be fixed or replaced. Naturally, more expensive vehicles will require more comprehensive insurance coverage, and also cost more to fix, which results in expensive insurance premiums. Common, affordable vehicles, like the Honda Accord displayed in the chart below, are much more affordable to insure.

Minor Factors in Cheap Auto Insurance in Tampa, Florida

Of course, there are other factors which will alter Tampa insurance rates, as you can see:

Your Marital Status

Your marital status could save you money on car insurance, especially if you and your spouse bundle your policies together with the same insurance company. But if two partners choose to insure themselves separately, you could be charged a few dollars more, or a few dollars less per policy based on your marital status. In general, this difference rarely amounts to more than 3% of your monthly premium (without bundling, that is).

Your Gender

Gender is similar to marital status in that it matters to some companies, but not others. Again, this fluctuation in price is little more than a few dollars per month. Whether you will be penalized or rewarded for being a member of a certain gender will vary from company to company.

Your Driving Distance to Work

For Tampa workers, the average commute time tends to last around 26 minutes, but has a tendency to drop the closer you get to the heart of the city. Around 9.6% of those commuting are carpooling to work, while another 80% drive alone.

Some companies will adjust your rate based on why you drive, or how far you drive each year. Even though your provider might request this information from you, driving a few thousand miles each year for pleasure tends to cost about the same as driving tens of thousands of miles for work, give or take a few percentage points. However, if your automobile is registered as a business vehicle on your insurance policy, you could be looking at 10-15% higher premiums each month.

Your Coverage and Deductibles

Purchasing more coverage means that your insurance company will, more than likely, charge you a higher monthly rate. You can help offset this cost and make your comprehensive coverage more affordable by choosing to raise your deductible. However, keep in mind that you will have to pay that money upfront in the event of an accident.

Education in Tampa, FL

The less education you have, the more your insurance company will assume that you might be a high-risk driver. For the city of Tampa, most of their drivers have a high school diploma or other equivalent; however, there are more high school drop-outs living in Tampa than there are drivers with a bachelor’s degree. We should also add that neither your income nor your specific job (unless you are involved with the US military) will significantly raise or lower your monthly premium.

Tampa has several institutions for higher education. The main campus for the University of South Florida is located in Tampa, as well as a mix of two- and four-year institutions. Some, like ITT, offer 4-year degrees in engineering, while others such as Hillsborough Community College help working adults hone their expertise.

Finding affordable Tampa, FL auto insurance can be a hassle. There’s a lot of information you need to consider and figuring out how insurance companies evaluate your potential risk can be complicated. But don’t let the wrong insurance company talk you into purchasing the wrong policy.

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How We Conducted Our Car Insurance Analysis

*We calculated our average rate based on the following metrics: a married, 34 year old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.

Sources:

Florida Office of Insurance Regulation

Florida Department of Financial Services

Department of Highway Safety and Motor Vehicles

City-Data.com

Census.gov

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