Buy Cheap Cape Coral, FL Auto Insurance
Cape Coral, FL auto insurance costs $337 per month or $4,049 per year on average. However, your rates depend on your age, driving record, and coverage needs. The cheapest Cape Coral, FL auto insurance company is USAA, followed by GEICO. Legally, all Cape Coral residents must carry the Florida minimum levels of 10/20/10 in liability insurance plus personal injury protection (PIP) to drive on the roads.
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UPDATED: May 19, 2021
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- Cape Coral, FL auto insurance costs $337 per month or $4,049 annually on average
- USAA offers the most affordable insurance costs in your city, followed by GEICO
- Better than average auto theft statistics help keep your insurance costs low
Are you a Cape Coral resident looking for cheap Florida auto insurance? On average, Cape Coral, FL auto insurance costs $337 per month or $4,049 annually.
Below, compare actual annual premiums from the top providers in your city and learn how to secure affordable Cape Coral quotes regardless of your age, driving record, and coverage needs.
When you’re ready to buy Cape Coral, FL auto insurance, enter your ZIP code into our free quote tool above to start comparison shopping.
What is the cheapest auto insurance company in Cape Coral, FL?
USAA offers the cheapest average Cape Coral, FL auto insurance rates; however, only military personnel are eligible to purchase policies from this company.
The next cheapest Cape Coral, FL auto insurance company available to everyone is GEICO.
Below, compare genuine annual rates from the top insurance companies in Cape Coral:
- USAA – $2,437.89
- GEICO – $3,151.97
- State Farm – $3,177.35
- Nationwide – $3,675.61
- Liberty Mutual – $4,603.77
- Progressive – $5,188.11
- Allstate – $6,110.16
Every insurance provider uses a different formula when calculating premiums, so take these rates with a grain of salt.
Your age, driving record, and coverage requirements impact your costs. For example, full coverage auto insurance costs more than a liability-only policy.
Even non-driving factors, like marital status or credit score, affect your rates in Florida.
To truly secure your best prices, compare quotes from multiple providers online before choosing a policy.
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What auto insurance coverage is required in Cape Coral, FL?
All Cape Coral residents must carry at least the Florida minimum auto insurance limits to legally drive on the roads.
Currently, Florida requires the following coverage levels:
- $10,000 per person and $20,000 per incident in bodily injury liability auto insurance
- $10,000 per incident in property damage liability insurance
- An additional $10,000 in personal injury protection (PIP)
Florida is a no-fault state. Your PIP insurance covers your medical bills and lost wages associated with an accident, regardless of fault.
What affects auto insurance rates in Cape Coral, FL?
Minor traffic congestion helps keep your regional Cape Coral insurance costs down.
While no data exists specifically for Cape Coral, INRIX ranks Fort Myers as the 99th most congested city in the country.
Fortunately, Cape Coral is located far enough away from Fort Myers and doesn’t experience severe traffic issues.
According to City-Data, the average commute length for Cape Coral residents matches the national average of 26 minutes.
Your city also has lower than state average auto theft statistics, leading to cheaper regional insurance costs.
The Federal Bureau of Investigation (FBI) recorded only 170 stolen cars in Cape Coral in 2017.
Cape Coral, FL Auto Insurance: The Bottom Line
Ultimately, Cape Coral auto insurance costs are low for the state of Florida.
By researching ahead of time and comparison shopping online, you’ll quickly secure cheap rates in your city.
Compare affordable Cape Coral, FL auto insurance quotes right now by entering your ZIP code into our free rate tool below.