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Westend61/Getty Images July 13, 2022 Sara Coleman is an insurance contributor at Bankrate. She has a couple of years of experience in writing for insurance domains such as The Simple Dollar, Reviews.com, Coverage.com and numerous other personal finance sites. She writes about insurance products such as auto, homeowners, renters and disability. Amy Sims is a managing editor for Bankrate, leading a team responsible for creating educational insurance content. Bankrate logo The Bankrate promise
At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money. Our content is backed by LLC, a licensed entity (NPN: 19966249). For more information, please see our Insurance Disclosure. Bankrate logo The Bankrate promise
Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. We’ve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next. Bankrate follows a strict , so you can trust that we’re putting your interests first. All of our content is authored by and edited by , who ensure everything we publish is objective, accurate and trustworthy. Our insurance team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — price, customer service, policy features and savings opportunities — so you can feel confident about which provider is right for you. We guide you throughout your search and help you understand your coverage options. We provide up-to-date, reliable market information to help you make confident decisions. We reduce industry jargon so you get the clearest form of information possible. All providers discussed on our site are vetted based on the value they provide. And we constantly review our criteria to ensure we’re putting accuracy first. Bankrate logo Editorial integrity
Bankrate follows a strict , so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Key Principles
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers. Editorial Independence
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Bankrate logo How we make money
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Bankrate logo Insurance Disclosure
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. The in Tampa for full coverage is $3,459 per year, or $288 monthly, while minimum coverage averages $1,292 per year. Tampa’s annual rates are some of the highest in the country, as Florida remains one of the most expensive states overall for car insurance. While the averages may be higher in this area, drivers still have a few ways to get the cheapest and . Compare rates and save on auto insurance today! Get quotes Close X RatesRates keep going up in 2022. Compare rates and save on auto insurance today! Get quotes Close X This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers. Save on auto insurance with quotes from trusted providers like: Drivers switch & save an average of $750+/year Arrow Right Are you overpaying for auto insurance? Arrow Right Safe drivers choose Allstate Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. See more providers in Choose from insurers in Show More RATE INCREASE ALERT Rates increased up to 12% this year
Shop for a better rate before you renew your current policy. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers. Save on auto insurance with quotes from trusted providers like: Drivers switch & save an average of $750+/year Arrow Right Are you overpaying for auto insurance? Arrow Right Safe drivers choose Allstate Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. See more providers in Choose from insurers in Show More The in Tampa is Geico, according to Bankrate’s 2022 study of quoted annual premiums. Although average annual premium data indicate Geico has the most affordable rates, insurance agents generally advise against selecting a provider based solely on getting the cheapest rates. You may also want to consider reviewing customer satisfaction ratings and financial strength indicators, as these may give you an idea of the provider’s ability to handle a potential claim. Best cheap car insurance companies in Tampa
The , are State Farm, Geico, Allstate and Progressive, according to our analysis of rates from Quadrant Information Services. In addition to finding the cheapest rates, Bankrate reviewed each provider for its performance regarding coverage options, discounts and third-party ratings, resulting in our selection of the best insurers for Tampa drivers. These and other attributes contribute to each insurer’s Bankrate Score, which is based on a 5-point scale, to help form a more accurate view of what each company offers. Drivers in Tampa face challenges in finding affordable rates since Florida is one of the most expensive states in the country for car insurance. However, it’s still possible to find options for almost any budget, as well as other advantages, such as high customer satisfaction scores and financial strength ratings from third-party agencies. Insurance company Bankrate Score (Florida region) Average annual premium for full coverage Average annual premium for minimum coverage 4.7 840/1,000 $2,540 $1,004 3.7 833/1,000 $2,528 $837 4.4 849/1,000 $3,859 $1,441 4.0 810/1,000 $3,549 $1,467 State Farm
State Farm offers some of the cheapest rates in Tampa for full coverage, based on Bankrate’s study of quoted annual premiums. It is one of the cheapest car insurance companies in Tampa, and scores exceptionally well on the 2022 J.D. Power customer satisfaction survey, scoring 840 out of 1,000 points, above the region’s average. While State Farm does not offer as many specialty coverage options for policies, such as gap coverage, it does offer a wide array of discounts to help drivers save even more on premiums. Plus, the large network of local agents, website and highly-rated mobile app offer convenient solutions for managing your policy. Learn more: Geico
We found Geico has the cheapest car insurance rates in Tampa for full coverage and minimum coverage among the providers we reviewed. Geico also offers an extensive list of discounts, which may decrease premiums even more. Geico’s discounts, such as those for seat belt use and having air bags and anti-theft equipment, help drivers save further on affordable rates while still getting the amount and type of coverage they need. Geico does not score as high as State Farm in the J.D. Power customer satisfaction survey, but it is still above the region’s average. It also has an A++ (Superior) financial strength rating from AM Best, highlighting its historical ability to satisfy its financial obligations to policyholders. Learn more: Allstate
Allstate is the most expensive of the cheapest and best car insurance companies in Tampa, and its rates are above the average cost of insurance in Tampa. While this may not be ideal for every driver’s budget, the company does excel in other areas that may be appealing, including offering numerous discounts. New car and Smart Student discounts are two examples of the many ways to save with Allstate. The mobile app is also highly rated and offers more convenience for policy management, including claims handling and updating coverage, which may appeal to tech-oriented drivers. Learn more: Progressive
Progressive offers many advantages for car insurance in Tampa, including a variety of policy customization options, like roadside assistance and windshield coverage. It also offers impressive discounts, including the popular Name Your Price tool, where you input your budget first to see what coverage options are available to you. However, Progressive did not perform very well in the 2022 J.D. Power customer satisfaction survey, and it scored the lowest among these four providers on our list. Learn more: How to get and keep the cheapest car insurance in Tampa
With higher-than-average insurance costs in Florida, finding affordable rates in Tampa and keeping them low over time requires work. For those looking for ways to keep affordable rates for car insurance, Tampa drivers can practice the following tips: Compare multiple insurance providers. Premiums can vary widely from one insurance provider to another, which is why it pays to research and compare more than one company. In addition to finding which offers the lowest rates for your situation, you may prefer working with a certain company to another while comparing quotes. Maintain a clean driving record. While accidents can happen to the best of drivers, maintaining a clean driving record and remaining accident-free can help you save even more over time. Not only do you avoid the costs associated with moving violations, such as ticket or court fees, but you can typically earn additional discounts on car insurance premiums for being a safe driver. Frequently asked questions
What is the best car insurance company
While many insurers are considered among the , it ultimately comes down to which provider best meets your needs and preferences. To find the right company, it’s important to compare multiple insurers to see which offers the best rates, coverage options, discounts, digital policy management experience or customer service for your preferences.
How can I lower my car insurance rates in Tampa
There are multiple ways to find affordable rates in Tampa, including shopping around and comparing prices, taking advantage of all discounts possible or taking on a higher deductible. You may be able to save even more by bundling your homeowners or renters policy with your auto policy under a single provider, if possible. It may help to compare quotes again whenever your life circumstances change to see if you can get lower rates with a different insurer.
Why are car insurance rates in Tampa so high
Car insurance in Tampa is well above the national average; Tampa averages $3,459 per year for full coverage versus the national average of $1,771 per year for the same amount of coverage. Insurance in Tampa is higher primarily due to the volume of traffic on the Florida highways, the number of uninsured drivers and the likelihood of volatile weather, such as thunderstorms and hurricanes. Methodology
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits: $100,000 bodily injury liability per person $300,000 bodily injury liability per accident $50,000 property damage liability per accident $100,000 uninsured motorist bodily injury per person $300,000 uninsured motorist bodily injury per accident $500 collision deductible $500 comprehensive deductible To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2020 Toyota Camry, commute five days a week and drive 12,000 miles annually. These are sample rates and should only be used for comparative purposes. Bankrate Score
Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for drivers to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support. To determine how well the best car insurance companies satisfy these priorities, third-party agency ratings from , , , NAIC, and Moodys had the most impact on the companies’ Bankrate Scores. As price is a common consideration for drivers, we analyzed quoted premiums based on 40-year-old male and female drivers with a 2019 Toyota Camry. This profile, assessed across nearly 35,000 ZIP codes in the U.S., provided a basis on which drivers may compare each provider. While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer’s online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores. SHARE: Sara Coleman is an insurance contributor at Bankrate. She has a couple of years of experience in writing for insurance domains such as The Simple Dollar, Reviews.com, Coverage.com and numerous other personal finance sites. She writes about insurance products such as auto, homeowners, renters and disability. Amy Sims is a managing editor for Bankrate, leading a team responsible for creating educational insurance content. Related Articles