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Drivers in Cape Coral, Florida are among the safest, insurance study finds by Allstate. The carrier reviewed accident reports and claims filed to list the top 200 cities with the safest drivers. Cape Coral ranked as the 10th safest driver. Although Cape Coral vehicle owners file fewer claims, Florida auto insurance rates are the second highest in the nation. The average cost of car insurance in Cape Coral is $951 per year for minimum coverage and $2,014 per year for full coverage.

The good news is that the annual rates are lower than the $2,364 per year that Floridians pay for full coverage on average. Plus, there are other ways to reduce Cape Coral car insurance premiums. We’ve compared auto insurance rates, customer ratings, and policy options from Cape Coral’s top auto insurance companies to narrow the scope.

Best Car Insurance Companies in Cape Coral

To get the best car insurance in Cape Coral, start with the right company. Most major auto insurance companies operate in the state. To find a provider, researching what the top competitors have to offer and whether it works for you can help. We took out some of the guesswork by looking at many different carriers and comparing their average annual rates, customer satisfaction scores, available coverages, and available discounts to narrow things down to Cape Coral’s top four carriers.

insurance company Note from JD Power 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
direct general NR $1,195 $2,380

Geico

Geico is the cheapest car 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 rest 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.

state farm

If you plan to lease or finance your vehicle, you will likely need to purchase comprehensive auto insurance that includes all perils and collision. State Farm has the lowest average annual rate for full coverage of any carrier Bankrate has collected quotes from.

In addition to comprehensive auto insurance, you can add ride-sharing insurance to cover you while you make deliveries or drive others through Uber or Lyft, purchase 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 at the store.

Allstate

Allstate Insurance has the highest customer rating of the companies we picked at 851 out of 1,000. Allstate has a variety of optional coverages, including audio system insurance, which pays to replace stolen or damaged audio-visual components from the car. You can also insure a classic or collector’s vehiclewhich is often difficult because many insurers do not offer classic car insurance.

File a claim Is simple. You can file and track claims online, use the Allstate mobile app, or call or visit a local Allstate agent.

direct general

Direct general insurance may be the best solution for high-risk drivers who have trouble finding coverage elsewhere. High-risk drivers are categorized as people with poor credit, multiple speeding tickets or travel violations, at-fault accident history, teenage or young drivers with points on their driving record, or drivers with one or more impaired driving convictions. The company specializes in basic insurance and doesn’t offer many options, but it generally insures drivers who might not find coverage elsewhere at an affordable price.

Cheapest car insurance in Cape Coral

Below is a list of the cheapest car insurance in Cape Coral based on annual average rates. Comprehensive auto insurance is more expensive than minimum coverage because it adds comprehensive and collision coverage to a basic insurance policy. You’ll need both additional coverages to pay for loss or damage to your vehicle in the event you’re 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 comprehensive coverage, the cheapest carriers are State Farm and Geico. Both companies are highly rated by customers and have strong financial positions. MetLife can also be a good option for comprehensive coverage. That of the carrier CARE Network repair centers and mechanics guarantee parts and labor for as long as you own the vehicle. State Farm is ahead of Geico when it comes to local offices – there are four State Farm agents in Cape Coral, Florida. Allstate also has local offices – there are ten officers in the city. Progressive may be the best choice for tech-focused drivers who would appreciate the carrier’s online and mobile platform and would prefer to manage their insurance needs digitally.

Cape Coral Insurance Requirements

All Florida drivers must have continued auto insurance or they may have their license and registration suspended. The minimum insurance required are:

  • $10,000 or more in Personal 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 liable for expenses above the $10,000 your carrier will pay. Also, any damage to your car will not be covered by your carrier. Insurance experts recommend buying as much coverage as possible to protect yourself and your property in the event of an accident.

Discounts on car insurance in Cape Coral

Cape Coral residents can save on car insurance by taking advantage of some of the most common car insurance discounts.

  • Multiple vehicle: The average Cape Coral household has two vehicles. Insuring them together could save you money on both premiums.
  • Grouping: If you own your home or have renters insurance, adding auto insurance to your policy could save you money on both coverages.
  • 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 car for a daily commute could benefit from a reduction in car insurance premiums.

Frequently Asked Questions

What is the best car insurance company in Cape Coral?

We have found that the cheapest and best car 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 car insurance in Cape Coral are $951 per year for minimum car insurance and $2,014 per year for full coverage.

How much car insurance do I need in Cape Coral?

Florida auto insurance requirements for all drivers are at least $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 coverage in the event of an accident.

Methodology

Bankrate uses Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates shown are based on a 40-year-old male and female with a clean driving record , good credit and the following complete coverage limits:

  • Civil liability of $100,000 in bodily injury per person
  • Civil liability of $300,000 in bodily injury per accident
  • Civil liability of $50,000 in property damage per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 aggregate deductible

To determine minimum coverage limits, Bankrate has used minimum coverages that meet each state’s requirements. Our sample drivers own a 2019 Toyota Camry, commute five days a week, and drive 12,000 miles a year.

These are sampling rates and should only be used for comparison purposes. Your quotes may be different.

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