For your employer’s vehicle, one of the largest components that determine the amount you pay each year for auto insurance is where you keep your car in Tampa. More populated areas will most likely have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates tend to receive slightly lower rates.
The following table lists the highest-priced areas in Florida for a company car in which to purchase auto insurance. Tampa is ranked at #8 with an annual cost of $2,558 for the average policyholder, which is approximately $213 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Hialeah | $3,630 |
| 2 | Miami | $3,241 |
| 3 | Miami Gardens | $3,149 |
| 4 | Miami Beach | $2,953 |
| 5 | Miramar | $2,629 |
| 6 | West Palm Beach | $2,625 |
| 7 | Fort Lauderdale | $2,576 |
| 8 | Tampa | $2,558 |
| 9 | Hollywood | $2,552 |
| 10 | Davie | $2,548 |
| 11 | Pompano Beach | $2,518 |
| 12 | Pembroke Pines | $2,505 |
| 13 | Coral Springs | $2,474 |
| 14 | Brandon | $2,392 |
| 15 | St. Petersburg | $2,219 |
| 16 | Clearwater | $2,172 |
| 17 | Spring Hill | $2,123 |
| 18 | Jacksonville | $2,020 |
| 19 | Orlando | $2,008 |
| 20 | Port St. Lucie | $1,994 |
| 21 | Cape Coral | $1,898 |
| 22 | Lakeland | $1,845 |
| 23 | Palm Bay | $1,786 |
| 24 | Tallahassee | $1,784 |
| 25 | Gainesville | $1,646 |
| Compare Rates Now Go | ||
Rate quotes are approximated as specific location information can influence coverage rates greatly.
Comparing quotes for affordable car insurance is confusing at best, and deciding which insurers offer the most affordable insurance rates for a company car involves even more perseverance. Every auto insurer uses a slightly different approach for determining rates in each state, so let’s take a look at the insurance companies with the most affordable rates in Tampa, FL.
Find Cheaper Car Insurance in Florida
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $977 |
| 2 | Electric | $1,712 |
| 3 | Amica | $1,746 |
| 4 | Progressive | $1,775 |
| 5 | Travelers | $1,945 |
| 6 | Mercury | $1,973 |
| 7 | Allied | $2,004 |
| 8 | Esurance | $2,040 |
| 9 | State Farm | $2,047 |
| 10 | Auto-Owners | $2,107 |
| 11 | GEICO | $2,150 |
| 12 | 21st Century | $2,373 |
| 13 | Allstate | $2,388 |
| 14 | Windhaven Insurance | $2,549 |
| 15 | Safeco | $2,927 |
| 16 | MetLife | $2,958 |
| 17 | Liberty Mutual | $3,039 |
| 18 | Hanover | $3,054 |
| 19 | United Automobile | $3,562 |
| 20 | Direct General | $3,902 |
| Quote Your Rates Go | ||
USAA has some of the lowest car insurance rates in Tampa at around $977 per year. This is $1,471 less than the average premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers also qualify as some of the most economical Tampa, FL auto insurance companies.
In the above example, if you currently have a policy with Progressive and switched to USAA, you could earn a yearly savings of in the neighborhood of $798. Drivers with Travelers might save as much as $968 a year, and Mercury customers might lower prices by up to $996 a year.
To find out how much you can save, click here or click through to the companies below.
It’s important to note that these estimates are averaged across all drivers and vehicles in Florida and and are not calculated with a vehicle location for a company car. So the insurer that can offer the best rates for your situation may not even be in the list above. That point stresses why you need to get car insurance quotes using your own driver data and vehicle information.
The chart below illustrates how your deductible choice can raise or lower premium costs when quoting cheap insurance for a company car. The premiums assume a single female driver, full physical damage coverage, and no discounts are taken into consideration.
In the chart above, a 50-year-old driver could reduce rates by $448 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $674 by using a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, could save $1,148 every year just by choosing larger deductibles.
When raising deductibles, it will be necessary to have plenty of discretionary funds to pay the extra out-of-pocket expense associated with higher deductibles.
Picking the highest-rated auto insurance company is hard considering how many choices there are in Tampa. The information in the next section may help you choose which car insurance companies to look at shopping your coverage with.
The rankings below include the companies with a significant amount of written premium nationwide, so companies that may only write in Florida are not taken into consideration for the list. To compare prices from these companies and more, just click here.
Top 10 Large Auto Insurance Providers in Tampa Ranked by Customer Service
- USAA
- Travelers
- Mercury Insurance
- AAA Insurance
- Nationwide
- Safeco Insurance
- Progressive
- State Farm
- The Hartford
- The General
Top 10 Large Auto Insurance Providers in Tampa Ranked by Claims Service
- Travelers
- Nationwide
- Allstate
- State Farm
- Liberty Mutual
- GEICO
- American Family
- Esurance
- Titan Insurance
- AAA Insurance
The importance of shopping around
Tampa, FL insurance rates are based on many factors which can substantially decrease or increase the price of coverage. Simply having another birthday, buying a home instead of renting, or getting a driving violation can produce rate changes that can now make some companies more affordable than before. In addition to those changes, insurers change the rates they charge in Florida every year or even multiple times each year to adjust for heavy claims or excess profits. Unexpectedly high claims may cause a rate increase, while long-term profits can produce more affordable Tampa car insurance rates.
The graph below analyzes the cheapest car insurance in Tampa, FL for a 45-year-old female driver with no accidents or violations, and a decent credit rating. If we compare prices based on her current risk factors, USAA has the lowest car insurance rates in Tampa at $1,458 each year. This is $990 less than the average policy premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers are the remainder of the most affordable Tampa, FL auto insurance companies.
Now we will pretend the driver from the first set of rates some claims, a lower credit score, and a couple of points charged on her driving record. Since every car insurance company uses their own method for establishing rates, analyzing rates may result in a substantially altered list of affordable companies as shown below.
USAA now has the cheapest rate in Tampa with Mercury, Esurance, State Farm, and GEICO also being competitive. This illustrates why it is crucial to shop around with many companies when trying to find the most economical auto insurance rates for a company car.
Rates are impacted by many risk factors and change substantially, so the cheapest company the last time you checked may now be one of the higher cost companies.