It’s impossible to miss the catchy advertisements from companies like Farmers, State Farm, and The General that make claims of huge savings, so drivers just need to choose any one of them, right?
It’s just not that easy, however, as there are a ton of unknown elements like how safe your vehicle is, if you have a tendency to get pulled over, and if you have a spouse. We will touch on the different ways you can keep rates low and also should give you a good beginning to your quest for cheaper car insurance.
For financially responsible drivers, one of the more important factors that aid in calculating the amount you pay each year for auto insurance is your address in Tampa. Regions with more people or even just more weather-related claims tend to have more expensive car insurance rates, whereas areas with lower vehicle theft rates and fewer weather claims tend to receive slightly lower rates.
The following table rates the priciest cities in Florida for drivers with good credit to purchase auto insurance in. Tampa shows up at #7 costing $2,610 for the average insured, which is around $218 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Hialeah | $3,630 |
| 2 | Miami Gardens | $3,181 |
| 3 | Miami | $3,145 |
| 4 | Miami Beach | $3,013 |
| 5 | West Palm Beach | $2,705 |
| 6 | Miramar | $2,683 |
| 7 | Tampa | $2,610 |
| 8 | Coral Springs | $2,574 |
| 9 | Hollywood | $2,552 |
| 10 | Fort Lauderdale | $2,550 |
| 11 | Pompano Beach | $2,543 |
| 12 | Davie | $2,473 |
| 13 | Pembroke Pines | $2,407 |
| 14 | Brandon | $2,368 |
| 15 | St. Petersburg | $2,286 |
| 16 | Clearwater | $2,194 |
| 17 | Orlando | $2,090 |
| 18 | Spring Hill | $2,060 |
| 19 | Jacksonville | $2,020 |
| 20 | Port St. Lucie | $1,935 |
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Premium amounts are estimated as the vehicle garaging location can change premiums greatly.
Deciphering which companies have the best auto insurance rates for drivers with good credit will require a bit more work in order to find the lowest price quote. Each auto insurer uses their own calculation for filing rates in each state, so to begin we’ll rank the overall cheapest auto insurance companies in Florida.
It’s important to understand that Tampa auto insurance rates are calculated based on many things that control the price you have to pay for coverage. Improving your credit score, filing a claim, or having an accident may cause policy rate changes that may make certain companies cheaper than others.
Cheap Insurance Rates for High Credit
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $986 |
| 2 | Electric | $1,764 |
| 3 | Amica | $1,764 |
| 4 | Progressive | $1,847 |
| 5 | Travelers | $1,869 |
| 6 | Mercury | $1,914 |
| 7 | Allied | $1,945 |
| 8 | Esurance | $2,102 |
| 9 | GEICO | $2,108 |
| 10 | State Farm | $2,131 |
| 11 | Auto-Owners | $2,171 |
| 12 | Allstate | $2,317 |
| 13 | 21st Century | $2,469 |
| 14 | Windhaven Insurance | $2,549 |
| 15 | MetLife | $2,900 |
| 16 | Safeco | $2,927 |
| 17 | Hanover | $2,964 |
| 18 | Liberty Mutual | $3,039 |
| 19 | United Automobile | $3,422 |
| 20 | Direct General | $4,022 |
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USAA normally has some of the most affordable car insurance rates in Tampa at around $986 per year. This is $1,462 less than the average price paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers also are some of the more affordable Tampa, FL insurance companies.
In this example, if you are a policyholder with Amica and switched to USAA, you could realize savings of in the neighborhood of $778. Customers with Progressive could save as much as $861 a year, and Travelers customers might lower prices by up to $883 a year.
To see how much you can save, click here to get quotes or visit any of the companies below.
Bear in mind that those policy prices are averaged for all ages of drivers and types of vehicles and do not take into consideration an exact zip code location for drivers with good credit. So the car insurance company that is best for you may not even be in the top 21 companies shown above. That is why you need to get car insurance quotes using your own specific driver and vehicle information.
Safe drivers pay less for auto insurance
The recommended way to maintain low auto insurance rates in Florida for financially responsible drivers is to be a safe driver and not have accidents or get tickets. The example below highlights how traffic violations and accident claims can influence premium costs for each different age group. The data assumes a married female driver, full coverage, $1,000 deductibles, and no discounts are taken into consideration.
The data in the chart shows the average cost of car insurance in Florida per year with no accidents or violations is $1,778. Add in one speeding ticket and the average cost rises to $2,080, an increase of $302 each year. Now add in one accident along with the one speeding ticket and the yearly cost of auto insurance for drivers with good credit goes up to an average of $2,920. That’s an increase of $1,142, or $95 per month, just for not driving safely!
The illustration below highlights how deductible selection can impact insurance premiums when getting quotes for cheap insurance for drivers with good credit. The premium estimates are based on a married female driver, comprehensive and collision coverage, and no discounts are applied to the premium.
In the chart above, a 30-year-old driver could lower rates by $462 a year by increasing from a $100 deductible to a $500 deductible, or save $698 by choosing a $1,000 deductible. Youthful drivers, like the 20-year-old category, can save $984 or even more just by using higher deductibles. When raising deductibles, it is important to have enough funds in savings to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
The benefit of shopping around
Tampa, FL auto insurance rates are influenced by many factors that will increase or decrease the cost of having a policy. Simply having another birthday, filing a claim, or having an at-fault accident can cause premium changes that may make certain companies cheaper than competitors.
Not only that, but insurance companies change prices without warning in order to be able to pay unexpected claims. Higher than normal claim frequency or severity may result in more expensive prices, while profitable underwriting can result in cheaper Tampa car insurance rates.
The data below shows the companies that have the cheapest car insurance in Tampa, FL for a 45-year-old male driver with no prior accidents, a clean driving record, and good financial standing. If we look at prices based on his personal risk profile, USAA quotes the cheapest car insurance rates in Tampa at $1,533 a year. This is $915 less than the average rate paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers are also on the list of the cheapest Tampa, FL auto insurance companies.
Now let’s give the driver from above a chargeable claim, a lower credit score, and a speeding ticket. Because each insurer uses their own method for setting prices, analyzing rate quotes will most likely result in a different list of cheap Tampa auto insurance companies as shown below.
USAA now has the best price on car insurance in Tampa, FL with Allied, Esurance, State Farm, and Auto-Owners also being competitive. This example proves why it is important to spend some time comparing rates to get affordable auto insurance quotes for drivers with good credit.
Auto insurance prices can be altered by many things and change substantially, so the cheapest company the last time you shopped your coverage around may now be one of the more expensive options.
How to find cheaper auto insurance for drivers with good credit
It’s not impossible to find cheaper rates, and here are some of the recommended thrifty suggestions that can help you buy more affordable auto insurance.
- Raise deductibles to save money
- Safer vehicles cost less to insure
- Accident-free drivers may qualify for discounts
- Full coverage is expensive so only insure older vehicles for liability only
- Higher credit scores can equal lower rates
- Do not get tickets or violations
- Compare rates regularly to ensure the best deal
That last idea is very important, as we noted in the prior information. Insurance prices in Tampa fluctuate constantly, so don’t be hesitant to switch companies if a more affordable rate is found. Sticking with a specific company is fine, but it’s not a good idea if your bullheadedness ends up costing you a lot of money. It takes less than five minutes to compare prices and find cheaper insurance for drivers with good credit.
The professional agents shown below can help you decide which auto insurance policy would work best for you, since some drivers aren’t sure which coverage they need and prefer to get some guidance when trying to find lower insurance rates for financially responsible drivers. It can be challenging to find the cheapest rate yourself, and insurance agents licensed in the state of Florida can add satisfaction knowing your policy gives you decent coverage if you have a claim. To find an agent in your neighborhood, click the link after the list.
- GreatFlorida Insurance – Mike Polivchak
3928 W Hillsborough Ave – Tampa, FL 33614 – (813) 870-2334 - Geocite Insurance Agency
3105 W Waters Ave #313 – Tampa, FL 33614 – (813) 510-5366 - Jim Cornwell – State Farm Insurance Agent
4305 W Bay to Bay Blvd – Tampa, FL 33629 – (813) 835-8892 - Duarte Insurance Agency, Inc.
5512 N Armenia Ave # A – Tampa, FL 33603 – (813) 874-3222