Cheapest Car Insurance Quotes in Canal Point

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Canal Point Car Insurance

^$ 70

/mo

Written by Sara Sam

Edited by Renee Martin

Why you can trust Way?

The auto insurance rates published in this guide are based on the results of research completed by Way’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with Way.

Table of Contents

How Much Is Car Insurance in Canal Point

The car insurance rate in Canal Point is $1885 for a six-month policy, which is $260 higher than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $1123, making it a popular choice for budget-conscious drivers. Rates in Canal Point can vary depending on your age, driving record, and coverage level, so not every driver will pay the same amount. Choosing a higher deductible, maintaining a clean driving history, and comparing quotes from multiple insurers can help you find better deals and save money over time.

Avg. Car Insurance in Canal Point

$1885

Avg. Car Insurance in Florida

$1625

National Average

$1278

Cheapest Car Insurance Companies in Canal Point

1st place: Travelers

At $1123 for a six month policy, Travelers offers the cheapest auto insurance rates in the city.

2nd place: State Farm

State Farm offers auto insurance rates at $1254 for a six-month policy, making it one of the cheapest to insure with.

3rd place: Nationwide

Nationwide offers auto insurance rates at $1371 for six months, making it the third cheapest auto insurance company in Canal Point.

Canal Point Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Canal Point, FL is Travelers, offering policies at just $1123 for a six-month term. This is followed by State Farm, which has an average six-month premium of $1254.

At the higher end of the spectrum, Farmers is the most expensive, with rates reaching $2770 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Canal Point drivers find the best deals.

Cheap Car Insurance Companies in Canal Point, FL

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Travelers	$1123	$189
State Farm	$1254	$211
Nationwide	$1371	$231
Progressive	$1453	$245
United Automobile Ins Group	$1585	$264
UAIC	$1737	$296
Allstate	$2832	$472
Mercury	$2990	$508
MetLife	$1743	$297
Farmers	$2770	$462

Key Takeaways

Way's key takeaways about car insurance in Canal Point

The auto insurance costs in Canal Point fall around $1123 for six months.
The cheapest auto insurance company in Canal Point is Travelers.
Teen drivers pay the highest rate in Canal Point at $1602 per month.

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Cheapest Minimum Liability Car Insurance in Canal Point

Since car insurance is a critical requirement for owning a car, you must have minimum liability car insurance. The cheapest car insurance companies for minimum coverage in Canal Point are given below.

Travelers provides the cheapest minimum car insurance coverage in Canal Point. Their Average 6 Month Premium is $413. Farmers is the most expensive at $764 for the same period.

Cheapest Liability Coverage in Canal Point, FL

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Travelers	$413	$70
State Farm	$448	$75
Mercury	$496	$84
Nationwide	$551	$94
MetLife	$579	$96
AIG	$647	$110
Progressive	$813	$137
United Automobile Ins Group	$834	$142
UAIC	$902	$151
Allstate	$1034	$174
Patrons Insurance	$145	$24
Farmers	$764	$128

Cheapest Full Coverage Car Insurance in Canal Point

One might think that minimum coverage is only required when insuring your car insurance. However, having full coverage car insurance in any city is certainly a wise choice as it offers better coverage and protection. Our best pick for the cheapest auto insurance quotes in Canal Point is Travelers at $189 per month and $1123 for six months.

Cheapest Full Coverage Car Insurance Quotes in Canal Point, FL

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Travelers	$1123	$189
State Farm	$1254	$211
Nationwide	$1371	$231
Progressive	$1453	$245
United Automobile Ins Group	$1585	$264
UAIC	$1737	$296
Allstate	$2832	$472
Mercury	$2990	$508
MetLife	$1743	$297
Farmers	$2770	$462

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Average Car Insurance in Canal Point by Rating Factor

The car insurance rates for two people under the same ZIP code will mostly be different. This is mostly because insurance rates are calculated based on several rating factors. These rating factors include the driver's age, gender, marital status, driving and claims history, credit score, location, type of vehicle, and coverage levels.

I have a clean driving record. Why is my car insurance rate here in Canal Point, FL increasing?

Despite maintaining a clean driving record, your car insurance rates in Canal Point, Florida, may be increasing due to several external factors. Florida has experienced significant rate hikes recently, with average premiums rising by 25.5% in 2023, largely attributed to higher claims volumes and inflation.

Additionally, Canal Point's high urban population density, raised auto theft rates, and frequent natural disasters contribute to increased insurance costs.

Car Insurance Premiums by Age in Canal Point

It is quite evident why teen drivers pay the highest car insurance rates in any city. Their lack of experience and increased accident rates make them a highly risky category. However, as you grow older, your car insurance rates will decrease. So, it is better to not have separate policies for teens; instead, add them to their parents' policies.

Cheapest Car Insurance Companies Based on Age Group

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Cheapest Car Insurance Rates for Teen Drivers in Canal Point,FL

If you are planning to get a car insurance policy for your teenage dependent, Nationwide provides the cheapest car insurance in the Canal Point at $104 per month. At $9419 for a six-month premium, Farmers offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Nationwide	$628	$104
AIG	$848	$144
Travelers	$1847	$311
State Farm	$2219	$374
UAIC	$2956	$498
United Automobile Ins Group	$3907	$665
Allstate	$4823	$812
Progressive	$6208	$1045
Mercury	$7345	$1237
Farmers	$9419	$1602

Teen Car Insurance Rates in FL by Age

Car Insurance Rates by Credit Score & Driving History

Similar to your driving history, your financial history also plays a key role in determining your auto insurance rates. A low credit score would mean a lapse in payment and increased chances of filing claims, which results in higher auto insurance rates. Therefore, the higher the credit score, the lower the car insurance rates will be.

Cheapest Car Insurance Companies for Bad Credit

For those with poor credit scores in Canal Point, Nationwide is the cheapest car insurance provider. At $751 for a six-month premium, they offer the best rates in the city. The most expensive auto insurance rate for drivers with bad credit in Canal Point is Farmers, offering rates of around $3831 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Nationwide	$751	$128
Mercury	$820	$137
Direct General Insurance	$855	$145
UAIC	$1661	$277
Travelers	$1819	$306
Progressive	$3197	$532
Allstate	$5609	$954
State Farm	$5740	$957
Farmers	$3831	$652

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Car Insurance Rates with An Accident in Canal Point

Both accidents and the resulting increase in insurance rates are often beyond our control. When you’re involved in an accident, you become riskier to insure, consequently increasing the rates. In Canal Point, FL, accidents can lead to significant hikes in your premiums.

Cheapest Car Insurance Companies after an At-Fault Accident in Canal Point

The cheapest car insurance companies after an at-fault accident in Canal Point include Nationwide and AIG, offering $792 and $1013, respectively. Farmers is an expensive provider with an average six-month premium of $3865.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Nationwide	$792	$132
AIG	$1013	$172
State Farm	$1179	$198
Travelers	$1199	$202
United Automobile Ins Group	$2060	$343
Mercury	$2129	$358
UAIC	$2156	$360
Progressive	$2825	$476
Allstate	$5030	$847
Farmers	$3865	$644

Canal Point Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Canal Point FL. For example, the car insurance in Canal Point after a DUI increases to $1088 for a six month policy. While the rate increases by $330 for a six-month policy in the case of a speeding ticket.

Canal Point auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$2116	$353
One Med/PIP claim	$2116	$360
Not-at-fault accident	$2288	$382
Two Med/PIP claims	$2350	$399
One comp claim	$2384	$398
Child safety restraint	$2391	$406
Failure to wear a seat belt	$2391	$399
Driving without lights	$2398	$407
Failure to show documents	$2398	$400
Speeding 6 - 10 MPH over limit	$2446	$416
Improper passing	$2453	$408
Passing school bus	$2453	$418
Wrong way/wrong lane	$2453	$408
Failure to stop at a red light	$2460	$419
Failure to yield	$2460	$409
Illegal turn	$2460	$419
Cell phone violation	$2467	$411
Driving with expired registration	$2467	$420
Following too closely	$2467	$411
Texting while driving	$2473	$421
Two comp claims	$2529	$421
Driving too slowly	$2543	$433
Speeding in school zone	$2543	$423
Speeding 11 - 15 MPH over limit	$2550	$434
In 65 MPH zone	$2639	$440
Speeding 16 - 20 MPH over limit	$2639	$449
Speeding 21 - 25 MPH over limit	$2653	$442
Open container	$2681	$456
Operating a vehicle without permission	$2681	$447
At-fault accident - less than $1000	$2908	$494
At-fault accident - $1000-$2000	$2956	$493
At-fault accident - greater than $2000	$2956	$502
Racing	$3197	$532
DUI	$3204	$545
Refusal to submit to a chemical test	$3204	$534
Driving with a suspended license	$3260	$554
Reckless driving	$3328	$554
Leaving scene of an accident/hit and run	$3363	$572

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Way Tip

Avoid Having A DUI On Your Driving Record.

A DUI can increase your car insurance rates—by $5,000 to $10,000 over five years. Speeding, reckless driving, and at-fault accidents also raise rates, staying on your record for 3–5 years, while DUIs/DWIs can impact you longer.

Car Insurance Rates in Canal Point after a DUI

There may have been times when you drank but chose not to drive—a smart and responsible decision, as most states treat DUIs as a serious offense. Your car insurance rates can double after a DUI charge, making it harder to find affordable coverage in Canal Point.

The cheapest car insurance premiums in Canal Point are offered by AIG at $745 for a six-month policy. However, it can be as expensive as $3149 with companies like Farmers.

Canal Point car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
AIG	$745	$126
Travelers	$1219	$205
Progressive	$1399	$235
State Farm	$1681	$283
Allstate	$2274	$383
UAIC	$2922	$487
Farmers	$3149	$524

Cheapest car insurance after a speeding ticket

One of the easiest ways to save money on car insurance is to stay within the speed limit. After a speeding violation, the cheapest car insurance premiums in Canal Point are offered by Nationwide at $647. However, it can be as expensive as $3363 with companies like Farmers for a similar six-month premium.

Cheapest Car Insurance in Canal Point after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Nationwide	$647	$108
State Farm	$820	$138
Travelers	$930	$157
Allstate	$2439	$411
UAIC	$2667	$444
Progressive	$3267	$556
Farmers	$3363	$572

Car Insurance Price Trends in Canal Point, Florida

Car insurance rates in Canal Point have fluctuated due to factors such as state regulations, inflation, and changing driving habits.

The average cost of full coverage in the Canal Point dipped by $297 in January compared to $320 of December. In other words, there has been an decrease by $23 when you compare January and December.

The average cost of liability insurance in the Canal Point dipped to $96 in January, compared to $97 in December. This represents an decrease of $1 when comparing January and December.

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Frequently Asked Questions

How much is car insurance in Canal Point?

The car insurance in Canal Point is $70 per month, which is lower than the national average.

What is the cheapest car insurance in Canal Point?

The cheapest car insurance in Canal Point is $189 per month for full coverage.

How much is car insurance in Canal Point for teenagers?

Car insurance for teenagers costs $628 per 6 months. The rates for teen drivers are higher due to their lack of experience as drivers.

What's the average cost of car insurance in Canal Point?

The average cost of car insurance is $1625 for a six-month policy. It will cost around $317 per month to insure your car in Canal Point.

Is car insurance expensive in Canal Point?

Car insurance can be expensive in Canal Point if your rating factors are not favorable. However, with a clean driving record and good credit score, car insurance rates in Canal Point can be affordable.

Cheapest Car Insurance Quotes in Canal Point

Why you can trust Way?

How Much Is Car Insurance in Canal Point

Avg. Car Insurance in Canal Point

Avg. Car Insurance in Florida

National Average

Cheapest Car Insurance Companies in Canal Point

1st place: Travelers

2nd place: State Farm

3rd place: Nationwide

Canal Point Car Insurance Rates by Company

Cheap Car Insurance Companies in Canal Point, FL

Way's key takeaways about car insurance in Canal Point

High Rates Shouldn’t Drive You Out of Pocket.

Cheapest Minimum Liability Car Insurance in Canal Point

Cheapest Liability Coverage in Canal Point, FL

Cheapest Full Coverage Car Insurance in Canal Point

Cheapest Full Coverage Car Insurance Quotes in Canal Point, FL

Don't Let Hidden Costs Drive You Crazy

Average Car Insurance in Canal Point by Rating Factor

I have a clean driving record. Why is my car insurance rate here in Canal Point, FL increasing?

Car Insurance Premiums by Age in Canal Point

Cheapest Car Insurance Companies Based on Age Group

Cheapest Car Insurance Rates for Teen Drivers in Canal Point,FL

If you are in your twenties N/A is the best choice for car insurance in Canal Point.

Car Insurance Rates by Credit Score & Driving History

Cheapest Car Insurance Companies for Bad Credit

Escape the Trap of Rising Insurance Costs.

Car Insurance Rates with An Accident in Canal Point

Cheapest Car Insurance Companies after an At-Fault Accident in Canal Point

Canal Point Car Insurance Rates by Violation

Canal Point auto insurance quotes by violations

Your Wallet Deserves Better. Seriously.

Avoid Having A DUI On Your Driving Record.

Car Insurance Rates in Canal Point after a DUI

Canal Point car insurance quotes with a DUI

Cheapest car insurance after a speeding ticket

Cheapest Car Insurance in Canal Point after Speeding ticket

Car Insurance Price Trends in Canal Point, Florida

Average Car Insurance Cost in Canal Point by ZIP Code

Frequently Asked Questions

Tired of Insane Auto Insurance Bills? Us Too!

Find Car Insurance Rates in Cities Near Canal Point, FL

Car Insurance Rates by State in the USA (2025 Update)

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