Cape Coral, Florida drivers are among the safest, insurance study finds by Allstate. The carrier reviewed accident reports and filed claims to list the 200 largest cities with the safest drivers. Cape Coral rated # 10 for the safest drivers. Although Cape Coral vehicle owners file fewer claims, auto insurance rates in Florida are the second highest in the country. The average cost of auto insurance in Cape Coral is $ 951 per year for minimum insurance and $ 2,014 per year for full coverage.
The good news is that annual rates are lower than the $ 2,364 per year that Floridians pay on average for full coverage. Plus, there are other ways to lower Cape Coral auto insurance premiums. We’ve compared auto insurance rates, customer reviews, and policy options from the best auto insurance companies in Cape Coral to narrow down the field.
Best Auto Insurance Companies in Cape Coral
To get the best auto insurance in Cape Coral, start with the right company. Most of the major auto insurance companies operate in the state. To find a supplier, doing your research on what the top competitors have to offer and if it works for you can help. We’ve taken some of the guesswork out of looking at many different carriers and comparing their average annual fares, customer satisfaction scores, available coverages, and available discounts to narrow things down to Cape Coral’s top four providers.
|Insurance company||JD Power Score||Average annual premium for minimum coverage||Average annual premium for full coverage|
|Geico||846/1000||$ 686||$ 1,742|
|State farm||826/1000||$ 815||$ 1,589|
|Allstate||851/1000||$ 982||$ 2,026|
|General direct||NR||$ 1,195||$ 2,380|
Geico is the cheapest auto insurance company in Cape Coral among the companies we reviewed. Base coverage rates for minimum coverage are $ 686 per year, well below the city average of $ 951. Geico doesn’t provide a long list of optional coverages, but you can be assured that you’ll be insured at an affordable rate from a company with one of the highest customer satisfaction ratings. Policyholders who responded to JD Power’s customer satisfaction survey gave Geico a score of 846 out of 1,000, the second highest score on our “best of” list.
If you are considering leasing or financing your vehicle, you will likely need to purchase comprehensive auto insurance that includes all risk and collision. State Farm has the lowest average annual rate for full coverage of all Bankrate carriers from which quotes were collected.
In addition to full auto insurance, you can add ridesharing insurance to cover you while you make deliveries or drive others through Uber or Lyft, buy gap coverage to cover the difference between what you owe and what your car is worth if totaled and rental reimbursement to pay for a temporary car while yours is in the store.
Allstate Insurance has the highest customer rating of the companies we choose, at 851 out of 1,000. Allstate has a variety of optional coverages, including audio system insurance, which pays to replace stolen or damaged AV components in the car. . You can also insure a classic or collector’s vehicle, which is often difficult because many insurers do not offer conventional car insurance.
Filing a complaint Is simple. You can file and track claims online, use the Allstate mobile app, or call or visit a local Allstate agent.
Direct general insurance may be the best solution for high-risk drivers who have difficulty finding coverage elsewhere. High-risk drivers are categorized as people with low credit, multiple speeding or mobile infractions, a history of at-fault accidents, teenagers or young drivers with points on their driving record, or drivers with one or more multiple DUI convictions. The company specializes in basic insurance and doesn’t provide a lot of extensions, but generally insures drivers who may not find coverage elsewhere at an affordable price.
The cheapest car insurance in Cape Coral
Below is a list of the cheapest auto insurance in Cape Coral based on annual average rates. Comprehensive auto insurance is more expensive than minimum coverage because it adds comprehensive collision and comprehensive insurance to a basic insurance policy. You will need the two additional covers to pay for any loss or damage to your vehicle in case you are at fault in an accident.
|Insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
|Geico||$ 686||$ 1,742|
|State farm||$ 815||$ 1,589|
|Allstate||$ 982||$ 2,026|
|MetLife||$ 1,122||$ 2,326|
|Progressive||$ 1,236||$ 2,366|
If you’re looking for full coverage, the cheapest carriers are State Farm and Geico. Both companies are highly rated by clients and have a strong financial position. MetLife can also be a good option for full coverage. that of the carrier CARE Network Repair facilities and mechanics guarantee parts and workmanship for as long as you own the vehicle. State Farm outperforms Geico when it comes to local offices – there is four State Farm officers in Cape Coral, Florida. Allstate also has local offices – there are ten agents in the city. Progressive may be the best choice for tech-driven drivers who would appreciate the carrier’s online and mobile platform and prefer to manage their insurance needs digitally.
Cape Coral Insurance Requirements
All Florida drivers must have ongoing auto insurance or their license and registration may be suspended. The minimum insurance requirements are:
- $ 10,000 or more in Injury Protection (PIP)
- $ 10,000 or more in property damage liability insurance
Florida’s minimums are extremely low. If you don’t buy more, you could be legally responsible for spending more than the $ 10,000 your carrier will pay. In addition, any damage to your car will not be covered by your carrier. Insurance experts recommend buying as much coverage as you can afford to protect yourself and your property in the event of an accident.
Auto Insurance Discounts in Cape Coral
Cape Coral residents can save on auto insurance by taking advantage of some of the most common auto insurance discounts.
- Multiple vehicle: The average Cape Coral household has two vehicles. Insuring them together could save you on both premiums.
- Grouping: If you own your home or have tenant insurance, adding auto insurance to your policy could save you money on both covers.
- Defensive driving course: Older drivers could brush up on their driving skills and get a discount if they take an approved defensive driving course.
- Low mileage: Drivers who do not use their cars for their daily commute could benefit from reduced auto insurance premiums.
Frequently Asked Questions
What is the best auto insurance company in Cape Coral?
We’ve found that the cheapest and best auto insurance companies in Cape Coral, Florida are Geico, Allstate, State Farm, and Direct General.
How much does car insurance cost in Cape Coral?
Bankrate’s findings for the average cost of auto insurance in Cape Coral are $ 951 per year for minimum auto insurance and $ 2,014 per year for full coverage.
How much auto insurance do I need in Cape Coral?
Florida auto insurance requirements for all drivers are a minimum of $ 10,000 in personal injury protection (PIP) and $ 10,000 or more in property damage insurance. However, state limits may be sufficient to drive legally, but may not be sufficient in the event of an accident.
Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and carriers in all 50 states and Washington, DC Rates shown are based on a 40 year old male and female driver with a clean driving record , good credit and the following comprehensive coverage limits:
- $ 100,000 of civil liability for bodily injury per person
- $ 300,000 liability for bodily injury per accident
- Civil liability for property damage of $ 50,000 per accident
- $ 100,000 in bodily injury caused by an uninsured motorist per person
- $ 300,000 in uninsured bodily injury per accident to a motorist
- $ 500 collision deductible
- Global deductible of $ 500
To determine the minimum coverage limits, Bankrate used minimum coverage that meets the requirements of each state. Our sample drivers own a 2019 Toyota Camry, commute five days a week, and travel 12,000 miles a year.
These are sample rates and should only be used for comparison purposes. Your quotes may be different.