Cape Coral, Florida, is a bustling city with many drivers on the road, making car insurance a must-have for all vehicle owners. However, finding affordable car insurance can be a challenge. With so many companies offering different rates and coverage options, it can be overwhelming to know where to start. In this article, we’ll explore the cheapest car insurance options available in Cape Coral, Florida, to help drivers save money without sacrificing coverage. We’ll also discuss factors that can affect rates in the area, as well as tips for getting the best possible rates.
Table of Contents:
- How we chose the cheapest companies in Cape Coral, Florida
- Cheap car insurance in Cape Coral FL
- For 20-year-old drivers
- For 30-year-old drivers
- For 40-year-old drivers
- For 50-year-old drivers
- For 60-year-old drivers
- For 70-year-old drivers
- Minimum car insurance requirements
- SR-22, FR-44 and alternative auto insurance
- No-fault insurance in Cape Coral, Florida
- How personal injury protection (PIP) works
- 7 tips to find the cheapest car insurance
- Questions and Answers
How we chose the cheapest companies in Cape Coral, Florida
Choosing the cheapest car insurance companies in Cape Coral, Florida required an extensive analysis of various factors. We researched and analyzed the rates of several companies in the area, considering factors such as coverage limits, deductibles, and available discounts. We also looked at customer reviews and ratings to ensure that the companies we selected were reputable and had a history of providing quality customer service.
To determine the cheapest car insurance companies in this area, we obtained quotes from multiple providers for a sample driver profile. This profile included a 30-year-old male driver with a clean driving record, driving a 2016 Honda Civic LX, and with a policy that had coverage limits of 100/300/50.
We obtained quotes for this profile from multiple companies and compared them to determine which companies offered the lowest rates.
We then selected the companies with the lowest average quotes for this sample driver profile to create our list of the cheapest car insurance companies in Cape Coral, Florida. However, it’s important to note that these rates are only an average and may vary based on individual factors such as driving history, age, and the type of car you drive. It’s always a good idea to obtain quotes from multiple companies to find the best rates for your individual needs.
Cheap car insurance in Cape Coral, Florida
When it comes to finding cheap car insurance in Cape Coral, Florida, State Farm is one of the best options available. According to recent data, the average cost of car insurance in this area is around $1,492 per year or $124 per month. However, State Farm offers some of the cheapest rates in the area, with average costs ranging from $1,021 to $1,218 per year.
To ensure you’re getting the cheapest car insurance rates in Cape Coral, it’s important to compare quotes from multiple providers. This will allow you to see which companies offer the best rates and coverage options for your specific needs. When comparing quotes, be sure to consider factors like coverage limits, deductibles, and available discounts to ensure you’re getting the best possible rate.
In addition to comparing quotes, there are other steps you can take to save money. These include maintaining a good driving record, choosing a safe vehicle, and taking advantage of available discounts. By following these tips and considering State Farm as an option, you can find cheap car insurance in your area and save money on your car insurance premiums.
Cheapest for 20-year-old drivers
For 20-year-old drivers, finding cheap car insurance can be a challenge due to their lack of driving experience. However, some companies offer affordable rates for young drivers. According to recent data, Geico and State Farm are among the cheapest car insurance options for 20-year-old drivers in Cape Coral, Florida, with average rates ranging from $2,072 to $2,268 per year. As with any car insurance policy, it’s important to compare quotes from multiple providers and consider factors like coverage limits, deductibles, and available discounts to ensure you’re getting the best possible rate.
| Insurance Category | Geico | State Farm | Progressive | Allstate | Nationwide |
|---|---|---|---|---|---|
| Full Coverage | $3,388 | $3,720 | $5,022 | $5,194 | $5,512 |
| Minimum Coverage | $1,288 | $1,408 | $2,216 | $2,394 | $2,506 |
| Poor Credit | $4,424 | $4,876 | $6,276 | $6,636 | $7,224 |
| One Speeding Ticket | $3,684 | $4,012 | $5,424 | $5,564 | $5,956 |
| One At-Fault Crash | $4,056 | $4,564 | $6,228 | $6,456 | $6,864 |
| DUI Conviction | $6,576 | $7,248 | $8,868 | $9,096 | $10,032 |
This table shows the average annual rates for a 20-year-old driver with a 2016 Honda Civic LX in Cape Coral, Florida, under different insurance categories and companies.
Cheapest for 30-year-old drivers
For 30-year-old drivers in Cape Coral, FL, finding affordable car insurance can be a bit easier than for younger drivers. Based on recent data, some of the cheapest options for 30-year-old drivers in your area include Geico, State Farm, Progressive, Allstate, and Nationwide. However, it’s important to note that rates can still vary based on individual factors such as driving history and the type of vehicle.
Here is a table showing the average annual rates for a 30-year-old driver with a 2016 Honda Civic LX in Cape Coral, Florida:
| Insurance Category | Geico | State Farm | Progressive | Allstate | Nationwide |
|---|---|---|---|---|---|
| Full Coverage | $1,884 ($157) | $2,388 ($199) | $2,712 ($226) | $3,012 ($251) | $3,156 ($263) |
| Minimum Coverage | $648 ($54) | $876 ($73) | $1,068 ($89) | $1,152 ($96) | $1,176 ($98) |
| Poor Credit | $2,736 ($228) | $3,408 ($284) | $3,840 ($320) | $4,032 ($336) | $4,224 ($352) |
| One Speeding Ticket | $2,076 ($173) | $2,400 ($200) | $2,880 ($240) | $3,120 ($260) | $3,168 ($264) |
| One At-Fault Crash | $2,436 ($203) | $2,820 ($235) | $3,072 ($256) | $3,624 ($302) | $3,960 ($330) |
| DUI Conviction | $4,608 ($384) | $5,244 ($437) | $6,156 ($513) | $6,768 ($564) | $7,032 ($586) |
The table shows the average annual rates along with their monthly equivalents in parentheses.
Cheapest for 40-year-old drivers
For 40-year-old drivers in Cape Coral, Florida, finding affordable car insurance can be easier compared to younger drivers. Based on recent data, some of the cheapest options for 40-year-olds in your area include Geico, State Farm, Progressive, Allstate, and Nationwide.
Here is a table showing the average annual rates for a 40-year-old driver with a 2016 Honda Civic LX in Cape Coral, Florida:
| Insurance Category | Geico | State Farm | Progressive | Allstate | Nationwide |
|---|---|---|---|---|---|
| Full Coverage | $1,824 ($152) | $2,040 ($170) | $2,532 ($211) | $3,036 ($253) | $3,240 ($270) |
| Minimum Coverage | $660 ($55) | $720 ($60) | $864 ($72) | $1,056 ($88) | $1,188 ($99) |
| Poor Credit | $2,124 ($177) | $2,820 ($235) | $3,408 ($284) | $3,756 ($313) | $4,032 ($336) |
| One Speeding Ticket | $1,080 ($90) | $1,380 ($115) | $1,692 ($141) | $2,040 ($170) | $2,280 ($190) |
| One At-Fault Crash | $1,632 ($136) | $2,148 ($179) | $2,244 ($187) | $2,532 ($211) | $2,940 ($245) |
| DUI Conviction | $3,540 ($295) | $3,384 ($282) | $3,960 ($330) | $4,788 ($399) | $5,352 ($446) |
The table shows the average annual rates along with their monthly equivalents in parentheses.
Cheapest for 50-year-old drivers
Based on our research, 50-year-old drivers can find affordable car insurance rates from several reputable companies. It is important to compare quotes and coverage options to find the best deal.
Here is a table showing the average annual rates for a 50-year-old driver in Cape Coral, Florida, based on different insurance categories:
| Insurance Category | Geico | State Farm | Allstate | Progressive | Nationwide | Other Companies |
|---|---|---|---|---|---|---|
| Full Coverage | $1,116 ($93) | $1,218 ($102) | $1,292 ($108) | $1,364 ($114) | $1,452 ($121) | N/A |
| Minimum Coverage | $375 ($31) | $400 ($33) | $480 ($40) | $425 ($35) | N/A | Liberty Mutual: $500 ($42) |
| Poor Credit | $3,757 ($313) | $3,049 ($254) | N/A | N/A | N/A | United Auto: $3,018 ($252), AIG: $3,429 ($286), Direct Auto: $3,651 ($304) |
| One Speeding Ticket | $583 ($49) | $394 ($33) | N/A | N/A | $827 ($69) | Travelers: $710 ($59), Mercury: $1,027 ($86) |
| One At-Fault Crash | $2,867 ($239) | $2,081 ($173) | N/A | N/A | $4,339 ($362) | Travelers: $3,164 ($264), United Auto: $3,873 ($323) |
| DUI Conviction | $3,850 ($321) | $4,380 ($365) | $5,690 ($474) | $5,080 ($423) | N/A | Liberty Mutual: $7,520 ($627) |
The table shows the average annual rates along with their monthly equivalents in parentheses.
Cheapest for 60-year-old drivers
Typically, car insurance rates decrease as drivers get older, and 60-year-old drivers can take advantage of this. With a good driving record, older drivers can often find affordable rates for both minimum and full coverage auto insurance. It’s important to compare quotes from multiple companies to ensure you’re getting the best rate possible.
Here is a table showing the average annual rates for a 60-year-old driver in Cape Coral, Florida, based on different insurance categories:
| Insurance Category | Geico | State Farm | Allstate | Progressive | Nationwide | Other Companies |
|---|---|---|---|---|---|---|
| Full Coverage | $1,050 ($87.50) | $900 ($75) | $1,350 ($112.50) | $1,200 ($100) | $1,500 ($125) | N/A |
| Minimum Coverage | $545 ($45) | $592 ($49) | $904 ($75) | $777 ($65) | N/A | Direct Auto: $696 ($58) |
| Poor Credit | $1,285 ($107) | $1,215 ($101) | $1,541 ($128) | $1,587 ($132) | N/A | Direct Auto Insurance: $1,394 ($116) |
| One Speeding Ticket | $748 ($62) | $880 ($73) | $1,243 ($104) | $989 ($82) | N/A | Farmers: $1,438 ($120) |
| One At-Fault Crash | $458 ($38) | $486 ($41) | $589 ($49) | $559 ($47) | N/A | Direct Auto: $542 ($45) |
| DUI Conviction | $3,110 ($259) | $2,810 ($234) | $4,125 ($343) | $3,800 ($317) | N/A | Farmers: $4,800 ($400) |
The table shows the average annual rates along with their monthly equivalents in parentheses.
Cheapest for 70-year-old drivers
Finding cheap car insurance may seem difficult for drivers in their 70s, but it is still possible to get a good deal. By comparing rates from different companies and taking advantage of discounts, older drivers can save money on their car insurance premiums. Additionally, maintaining a clean driving record and choosing a higher deductible can also help lower your costs.
Here is a table showing the average annual rates for a 70-year-old driver in Cape Coral, Florida, based on different insurance categories:
| Insurance Category | Geico | State Farm | Allstate | Progressive | Nationwide | Other Companies |
|---|---|---|---|---|---|---|
| Full Coverage | $1,034 ($86) | $910 ($76) | $1,461 ($122) | $1,380 ($115) | N/A | Liberty Mutual: $1,575 ($131) |
| Minimum Coverage | $684 ($57) | $665 ($55.42) | $842 ($70.17) | $756 ($63) | N/A | Liberty Mutual: $936 ($78) |
| Poor Credit | $826 ($69) | $1,058 ($88) | $1,455 ($121) | $1,346 ($112) | N/A | Liberty Mutual: $1,509 ($126) |
| One Speeding Ticket | $1,203 ($100) | $1,438 ($120) | $1,867 ($155) | $1,532 ($128) | N/A | Liberty Mutual: $2,295 ($191) |
| One At-Fault Crash (Minimum) | $581 ($48) | $640 ($53) | $736 ($61) | $652 ($54) | N/A | Liberty Mutual: $827 ($69) |
| One At-Fault Crash (Full) | $1,316 ($109) | $1,579 ($131) | $1,764 ($147) | $1,598 ($133) | N/A | Liberty Mutual: $1,933 ($161) |
| DUI Conviction | $1,598 ($133) | $1,465 ($122) | $2,354 ($196) | $1,982 ($165) | $2,700 ($225) | N/A |
The table shows the average annual rates along with their monthly equivalents in parentheses.
Minimum car insurance requirements in Cape Coral, FL
As a driver, it’s important to understand the minimum car insurance requirements in the state. These requirements are in place to ensure that drivers have a basic level of protection in the event of an accident.
The minimum car insurance requirements in Cape Coral, FL include:
- Bodily Injury Liability: Drivers are required to carry a minimum of $10,000 per person and $20,000 per accident for bodily injury liability. This coverage is meant to cover medical expenses and other costs associated with injuries sustained by another driver or passengers in the event of an accident where the insured driver is at fault.
- Property Damage Liability: Drivers are also required to carry a minimum of $10,000 per accident for property damage liability. This coverage is meant to cover any damages caused to another person’s property in the event of an accident where the insured driver is at fault.
- Personal Injury Protection (PIP): Florida is a no-fault state, meaning that drivers are required to carry Personal Injury Protection (PIP) coverage of at least $10,000 per person. This coverage is meant to cover medical expenses and lost wages in the event of an accident, regardless of who is at fault.
It’s important to note that while these are the minimum required amounts, it may be wise to consider higher coverage limits to ensure adequate protection in the event of an accident. Additionally, some drivers may choose to add on additional coverage options such as collision or comprehensive coverage.
Here is a table detailing the minimum car insurance requirements in Cape Coral, FL:
| Coverage Type | Minimum Amount Required |
| Bodily Injury Liability | $10,000 per person; $20,000 per accident |
| Property Damage Liability | $10,000 per accident |
| Personal Injury Protection (PIP) | $10,000 per person |
To ensure compliance with state laws, drivers in this area are required to carry proof of insurance at all times while operating a motor vehicle. Failure to carry the required minimum insurance coverage can result in fines, license suspension, or other penalties.
SR-22, FR-44 and alternative auto insurance in Cape Coral, Florida
If you’ve been involved in a serious driving offense in this area, such as a DUI, you may be required to obtain an SR-22 or FR-44 certificate to maintain or reinstate your driver’s license. An SR-22 is a certificate that proves you carry the state’s minimum liability insurance coverage, while an FR-44 is a certificate that requires you to carry higher liability limits than the state’s minimum requirements. These certificates are typically required for several years after the offense, and failure to maintain them can result in license suspension.
Here are a few things to keep in mind if you need to obtain an SR-22 or FR-44 certificate in Cape Coral:
- Not all companies offer SR-22 or FR-44 certificates. You may need to shop around to find a company that offers this type of coverage.
- The cost of an SR-22 or FR-44 certificate can be significantly higher than a standard auto insurance policy. This is because these certificates are typically required for drivers with a history of serious driving offenses, and insurers may view them as higher risk.
- In addition to an SR-22 or FR-44 certificate, there are alternative options available in Cape Coral for drivers who may have difficulty obtaining traditional coverage. For example, the Florida Automobile Joint Underwriting Association (FAJUA) provides coverage to drivers who are unable to obtain insurance through standard channels.
- It’s important to note that while an SR-22 or FR-44 certificate may be required by the state, it does not mean that you are limited to only one provider. You can still shop around and compare rates from different companies to find the most affordable coverage.
If you’re in need of an SR-22 or FR-44 certificate in Cape Coral, here are a few insurance companies that offer this type of coverage:
- GEICO
- State Farm
- Progressive
- Allstate
- Nationwide
It’s important to note that while these companies may offer SR-22 or FR-44 certificates, their rates may vary significantly based on factors such as your driving record, credit score, and other personal details. Be sure to shop around and compare rates from multiple providers to find the best coverage and pricing for your specific situation.
No-fault insurance in Cape Coral, Florida
No-fault insurance is a type of car insurance that is required in the state of Florida, including Cape Coral. It is designed to ensure that drivers have access to immediate medical care and coverage for expenses related to injuries sustained in a car accident, regardless of who was at fault.
Under the no-fault insurance system, each driver’s insurance policy covers their own medical expenses and other related costs, such as lost wages and rehabilitation expenses, up to the policy limit. This means that if you are injured in a car accident, you would first file a claim with your own provider, regardless of who was responsible for the accident.
In Cape Coral and the rest of Florida, the minimum required coverage for no-fault insurance is $10,000 in personal injury protection (PIP) and $10,000 in property damage liability (PDL). However, it is recommended to purchase higher levels of coverage to protect yourself in the event of a serious accident.
It is also important to note that under the no-fault system, drivers are not able to sue each other for damages unless their injuries are deemed severe or they exceed their insurance policy limits. This is known as the “limited tort” option.
To ensure that you have the proper coverage for your needs, it is recommended to shop around and compare quotes from different companies. Some of the top providers in Cape Coral include State Farm, Allstate, Geico, Progressive, and Liberty Mutual.
In addition to no-fault insurance, drivers in this area also have the option to purchase additional coverage, such as collision, comprehensive, and uninsured/underinsured motorist coverage. These types of coverage can provide added protection in the event of an accident or other unexpected event.
How Personal Injury Protection work
Personal Injury Protection (PIP) is a mandatory coverage in the state of Florida, including Cape Coral. PIP is a type of no-fault insurance that covers medical expenses, lost wages, and other related expenses for the driver and their passengers, regardless of who caused the accident. In this article, we will discuss how PIP works in Cape Coral, Florida.
The minimum coverage for PIP in Florida is $10,000, which covers up to 80% of medical expenses and 60% of lost wages. PIP also covers the cost of services such as household help and childcare that the injured person may need as a result of their injuries. If the injured person has health insurance, their PIP coverage will be secondary and will cover expenses that their health insurance doesn’t cover, such as deductibles and co-pays.
It’s important to note that PIP only covers medical expenses and lost wages up to the policy limit. If the injured person’s medical expenses or lost wages exceed the policy limit, they may be responsible for paying the remaining balance. Additionally, PIP does not cover property damage, so drivers in Florida are required to have additional property damage liability coverage.
To receive PIP benefits in Florida, the injured person must seek medical treatment within 14 days of the accident. If they do not seek medical treatment within this timeframe, they may not be eligible for PIP benefits. It’s also important to note that PIP benefits are only available to drivers who have been injured in a car accident. Pedestrians and bicyclists are not eligible for PIP benefits.
7 tips to find the cheapest car insurance
- Shop around: The first step to finding the cheapest car insurance in Cape Coral is to shop around and get quotes from multiple providers. Comparing prices and coverage options can help you find the best deal.
- Consider raising your deductibles: One way to lower your monthly premiums is to increase the amount of money you’re willing to pay out of pocket if you get into an accident. A higher deductible typically means a lower monthly premium.
- Bundle your insurance: Many providers offer discounts if you bundle your car insurance with other types of policies, such as homeowners or renters insurance.
- Maintain a good driving record: A clean driving record can help you qualify for lower insurance rates. Avoid accidents, tickets, and other traffic violations to keep your rates low.
- Drive a safe car: The type of car you drive can also affect your insurance rates. Cars with safety features like anti-lock brakes, airbags, and automatic seat belts can help lower your premiums.
- Consider usage-based insurance: Some companies offer usage-based insurance plans that use telematics devices to track your driving habits. If you’re a safe driver, you could potentially save money with this type of plan.
- Ask about discounts: Providers offer various discounts that could help you save money on your premiums. Some common discounts include safe driver discounts, multi-car discounts, and good student discounts. Be sure to ask your insurance provider about any discounts you may qualify for.
Questions and Answers
1. What factors affect car insurance rates in Cape Coral, Florida?
Several factors affect car insurance rates in this area, including your driving record, age, gender, type of car, location, and credit score.
2. How can I lower my car insurance rates in Cape Coral, Florida?
To lower your car insurance rates in this city, consider raising your deductible, maintaining a clean driving record, driving a safe car, and comparing quotes from multiple providers.
3. What is the minimum car insurance requirement in Cape Coral, Florida?
The minimum car insurance requirement in Cape Cora is $10,000 for property damage liability, $10,000 for personal injury protection (PIP), and $20,000 for bodily injury liability per person, or $30,000 for bodily injury liability per accident.
4. How can I get cheap car insurance in Cape Coral, Florida as a young driver?
To get cheap car insurance in this area as a young driver, consider taking a defensive driving course, driving a safe car, maintaining a good GPA, and being added to your parents’ policy.
5. What should I look for when shopping for car insurance in Cape Coral, Florida?
When shopping for car insurance, look for a provider that offers good customer service, has a good reputation, offers discounts for safe driving and other factors, and provides adequate coverage at a reasonable price.
6. How often should I shop for car insurance in Cape Coral, Florida?
It is recommended to shop for car insurance in this area at least once a year to ensure you are getting the best rates and coverage for your needs.