Car Insurance for Tampa - May 2023

Introduction

Are you a Tampa resident? Are you planning to buy a new car? First, you must know that the auto insurance rates in Florida state are higher than in many other states. So, most of the drivers plan to purchase minimum coverage only. But, the insurers are never in favor of this.

Because minimum coverage may not be adequate if you drive a high-end car, you may have to pay for some damage out of pocket. Around 393,000 people live in Tampa, with an average of two cars per household. Every day, drivers in Tampa spend an average of 24 minutes commuting to and from work. Therefore, all residents must have a current and active auto insurance policy to drive legally in Florida.

Since the insurance premiums are high, taking measures to identify the top cheap car insurance companies in Tampa might save you substantial money on premiums. So, how much will it cost to buy car insurance in Tampa? How can you get cheap car insurance quotes in Tampa? Our research will answer all your queries on car insurance in Tampa.

How Much Does Car Insurance Cost In Tampa?

The annual average rate of Tampa comes to around $3,002, which is higher than the state average and national average. But on the other hand, the annual average rate in Florida is around $2,321, around $681 less than the rate of car insurance in Tampa.

Our Tampa car insurance review includes average rates based on age, credit score, driving history, and marital status. Keep reading to find out more!

Tampa Car Insurance Premiums By Company

Comparing prices from numerous Insurance providers and selecting the insurer that best meets your coverage needs is one of the most effective ways to save auto insurance money. Our analysis found that State Farm has the most reasonable premiums in Tampa for the average driver. We have listed to most affordable insurers in Tampa. Always compare different car insurance quotes in Tampa and buy an insurance policy.

Tampa Car Insurance Premiums By Age Group

Like most insurers, teenagers pay the highest amount for getting car insurance in Tampa. They pay around $8,532 to buy car insurance in Tampa due to the high risk they possess while driving. Insurers believe teenagers are more likely to cause accidents than older drivers. Among different age groups, drivers in their 50s pay less for buying car insurance in Tampa.

Tampa Car Insurance Premiums By Marital Status/Gender

In most cases, a driver’s gender and marital status may impact the auto insurance costs. Ideally, single drivers pay more than married drivers in most cities because they are more likely to submit claims. Rates for car insurance In Tampa for widowed people are likewise significantly lower than single drivers. Gender is another factor that affectscar insurance in Tampa.Female drivers in Tampa pay higher for car insurance than male drivers.

Tampa Car Insurance Premiums By Driving Record

Driving behavior is another factor that can significantly impact your auto insurance premium. Maintaining a clean driving record lowers your cost of car insurance in Tampa. However, the auto insurance rate surges when getting speeding tickets, involved in reckless driving charges, DUIs and DWIs, and at-fault accidents.

DUI/DWI and reckless driving are the two offenses that mostly increase auto insurance rates in Tampa.

Tampa Car Insurance Premiums By Credit Rating

In many circumstances, a driver’s credit score links to their auto insurance premiums.For instance, driverswho improve their credit score from the ‘Very Poor’ (300-579) to the ‘Exceptional’ (800-850)category save greatly on car insurance in Tampa.Likewise, moving from ‘Very Poor’ to ‘Fair’ credit also earns you lower car insurance quotes in Tampa from insurers.

Tampa Car Insurance Premiums By Zip Code

The place where you live can considerably affect the rate of car insurance in Tampa. It is because crime, theft,and uninsured drivers differ by ZIP code. Suppose you live in an area where people don’t get along. In that case, insurers may consider you a high risk to cover, which means your policy premiums may be higher than those of a neighbor down the street. Tampa, regrettably, has no exception to this rule. Here we list the average rate in some of the most populated places in Tampa.

Tampa Car Insurance Minimum Requirements

The state of Florida sets the auto insurance coverage requirements. A driver must meet the following requirements set by the state to drive in Tampa legally.

• Personal Injury Protection (PIP) - $10,000 per accident
• Property Damage Liability (PDL) - $10,000 per accident

You may opt to buy minimum coverage as car insurance in Florida is often more expensive than in other states. However, a minimum-liability coverage may not be enough to protect you financially if you get involved in an expensive accident. It will be best to consider buying a higher coverage limit or additional coverages if you own a new or an expensive car.

No-fault State

No-fault insurance pays for your medical bills after an accident, regardless of who is to blame. But, drivers can’t make claims or pursue legal action against another driver after the accident. PIP is the type of no-fault coverage that a driver requires in Florida. It covers for the medical expenses of you and other passengers.

SR-22 And FR-44 Policies

Under Florida’s financial responsibility law, a driver needs to have higher coverage limits or additional coverage in the form of SR-22 or FR-44 insurance if caught driving without insurance or under the influence.

SR-22 Requirements

You will be considered as a high-risk driver if you do not have insurance or have a lot of points on your license. Then you have to file an SR-22 with your insurer. The form serves as verification that you have the necessary insurance coverage.

• Liability for bodily injury is $10,000 per person/$20,000 per accident
• Liability for property damage is $10,000 per accident

You have to check with your local Department of Motor Vehicles to see how long you’ll need an SR-22. You’ll need to have an SR-22 on file in Florida for at least three years in most cases.

FR-44 Requirements

FR-44 is needed for drivers convicted of driving under the influence (DUI) or driving while drunk. You have to pay for buying higher coverage limits as these violations are so serious.

• Liability for bodily injury is $100,000 per person and $300,000 per accident
• Liability for property damage is $50,000 per accident

Auto Theft Statistics InTampa

Among the eight biggest cities in Florida, Tampa has the lowest auto theft rate. The city’s auto theft rate is far less than Jacksonville, Florida’s most populated city. During a year, the auto theft rate in Tampa is 69.5 per 1,000 residents. However, Jacksonville has an auto theft rate of 137.3, and Fort Lauderdale has nearly a rate of 234 per 1,000 persons.

Useful Info For Driving InTampa

Tampa is one of the largest and third-most populated cities in Florida. Here are some transportation tips and tricks to help you get around.

• The Hillsborough Area Regional Transit Authority (HART) manages public transportation in Tampa, which includes a bus and a streetcar route. The Marion Transit Center in Downtown Tampa is the major center for the HART bus system, which serves almost 30 local and express lines. HART also runs the MetroRapid rapid-transit bus system between Downtown and the University of South Florida.
• The TECO Line Streetcar connects Ybor City, the Channel District, the Tampa Convention Center, and downtown Tampa with electric streetcar service along a 2.7-mile route.
• The Tampa Bay Area Regional Transportation Authority (TBARTA) develops bus, light rail, and other transportation choices for the seven-county Tampa Bay area.

Car Insurance Companies In Tampa

Are you looking for cheap car insurance in Tampa, Florida? Auto insurers in Tampa claim to provide good discounts and customized coverages. Our experienced agents can help you understand the state’s most complex requirements, insurance terms, coverages, and discounts. Here are some of the companies that provide car insurance in Tampa.