8+ years writing for major outlets, including MarketWatch and Business Insider
Master’s in Education
Taylor Mlam-Samuel is a personal finance writer and credentialed educator. When she’s not helping readers better save and spend money, she can be found teaching.
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Licensed auto and home insurance agent
3+ years experience in insurance and personal finance editing
Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.
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Updated November 20, 2024
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Table of contents
The overall average monthly cost for car insurance in Cape Coral is $181, which is less than the state average of $203.
The ninth-largest city in the state, Cape Coral has a population of more than 215,000 people. Motor vehicle theft rates in the area are lower than in larger cities, like Jacksonville, Miami, and Orlando, which might help explain the lower average car insurance rates in Cape Coral.
Car insurance in Florida is expensive, though. Drivers across the state pay more than the overall national average of $154 per month. You can take steps to secure a lower rate, like comparing quotes from multiple insurers.
Here’s what you should know about finding cheap car insurance in Cape Coral.
State Farm, GEICO, and Mile Auto offer Cape Coral drivers the cheapest car insurance rates.
Florida is a no-fault state, so you must file any bodily injury claims with your insurer, even when you don’t cause the accident.[1]
Cape Coral drivers pay $128 per month for liability coverage and $233 for full-coverage car insurance, on average.
Cheapest car insurance companies in Cape Coral
The best auto insurance company for you depends on your budget and insurance needs, but State Farm, GEICO, and Hugo offer some of the best cheap coverage options for drivers in Cape Coral.
Here’s what you need to know about three of the top insurers offering coverage in Cape Coral.
Insurance Company ▲▼ | IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. ▲▼ | Full Coverage ▲▼ | Liability Only ▲▼ | Best For ▲▼ |
---|---|---|---|---|
State Farm | 9.3 | $83 | $68 | Cheap rates |
GEICO | 9.0 | $86 | $69 | Discounts |
Hugo | 7.0 | N/A | $340 | On-demand coverage |
Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.
We rate each company on a 1 to 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.
- Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
- Customer satisfaction: To calculate this score, Insurify analyzed more than 28,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
- Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
- Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
- Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.
Best insurer for cheap rates: State Farm
User Reviews | 4.2 |
---|---|
IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 9.3 /10 |
Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $60/mo |
Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $75/mo |
Drivers appreciate the helpful local agents and initial service but dislike the high prices and frequent rate increases.
Drivers appreciate the helpful local agents and initial service but dislike the high prices and frequent rate increases.
Ronald
November 19, 2024
State Farm Experience: 35 Years+
David
November 19, 2024
Too expensive
Ronald
November 18, 2024
Very Expensive Auto and Home
State Farm offers the most competitive car insurance rates in Cape Coral. Customers with insurance from State Farm can expect excellent customer service and high satisfaction, as indicated by the company’s high ranking in the J.D. Power 2023 U.S. Auto Insurance Study.
Discounts for safe drivers and young drivers
Most affordable average rates in Cape Coral
Doesn’t offer gap insurance
Drivers with violations pay more than expected
Best insurer for discounts: GEICO
User Reviews | 4.0 |
---|---|
IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 9.0 /10 |
Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $62/mo |
Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $77/mo |
Drivers appreciate the excellent customer service and initial low prices but dislike the frequent price increases.
Drivers appreciate the excellent customer service and initial low prices but dislike the frequent price increases.
James
November 19, 2024
Unsatisfactory Experience with Geico
Edward
November 18, 2024
Experience with Geico
Chris
November 18, 2024
Poor
As a well-known insurer with competitive rates and various discount options, GEICO is a top choice for drivers in Cape Coral. GEICO policyholders can earn reduced rates for bundling auto with other policies, like homeowners insurance, life insurance, renters insurance, and business insurance.
The company also earned an A++ (Superior) financial strength rating from AM Best, which indicates that the company can afford to pay claims.
Multiple discount options
Option to bundle policies
Doesn’t offer gap insurance
Limited add-on coverage options
Best insurer for on-demand coverage: Hugo
User Reviews | 4.1 |
---|---|
IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 7.0 /10 |
Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $340/mo |
Drivers appreciate the excellent prices, flexible payment options, and helpful customer service but dislike the lack of full coverage and difficulty reaching support.
Drivers appreciate the excellent prices, flexible payment options, and helpful customer service but dislike the lack of full coverage and difficulty reaching support.
Javier
November 12, 2024
Hugo Insurance is the Best
Gabrielle
November 2, 2024
Good
Dawn
October 21, 2024
Paying Too Much
Hugo offers on-demand coverage for drivers in Cape Coral, which is helpful since a relatively high proportion of residents work from home and might not need regular access to a car.
Drivers can buy coverage for different lengths of time, from three days to six months. If you have a Flex plan, you can pause coverage when you don’t need it. The flexibility helps ensure that drivers pay the lowest rates possible.
Coverage options for less than one week
Can pause coverage as needed
On-demand coverage only for liability plans
Minimal discounts available
How to get the cheapest car insurance in Cape Coral
Your age, ZIP code, credit, and driving history affect how much you pay for car insurance. Even though you can’t control a number of factors, you can lower your coverage costs in a few different ways:[2]
Check for discounts. Most insurance companies offer driver discounts that can help you save 10% or more. Most auto insurance agents inform you about discounts before you finalize the car insurance policy, but it’s worth it to double-check and ask what discounts you qualify for.
Comparison shop. Comparing quotes from at least three insurers is the most effective way to find the lowest car insurance rates available to you.
Increase your deductible. Your deductible is the amount you pay when you file a claim. You agree to pay more for claims when you raise your deductible. As a result, your monthly premium decreases. It’s a great way to lower costs, as long as you select a deductible amount you can afford.
Cheapest liability-only car insurance in Cape Coral: State Farm
Florida drivers must carry liability car insurance, which helps pay for your injuries and the other driver’s vehicle repairs when you cause an accident. The coverage doesn’t help pay for any of your car repairs.[3]
State Farm offers the cheapest liability-only coverage in Cape Coral, with a cost of $60 per month.
Here are the best insurers for liability-only coverage in the city.
Insurance Company ▲▼ | Average Monthly Quote ▲▼ |
---|---|
State Farm | $60 |
GEICO | $62 |
Mile Auto | $102 |
Allstate | $104 |
Travelers | $124 |
Mercury | $136 |
Direct Auto | $143 |
Safeco | $159 |
Progressive | $162 |
Infinity | $173 |
Foremost | $185 |
GAINSCO | $200 |
Dairyland | $202 |
Bristol West | $220 |
AssuranceAmerica | $225 |
National General | $249 |
The General | $273 |
Cheapest full-coverage car insurance in Cape Coral: State Farm
Full-coverage car insurance includes liability, comprehensive, and collision coverages. It helps pay for vehicle repairs for you and the other driver when you cause an accident. The insurance policy also covers vehicle damage from a non-collision incident, like theft or severe weather.
Most insurance experts recommend purchasing a full-coverage policy, and you may need it if you have a vehicle loan or lease. You may not need it if you have an old or inexpensive car.
Cape Coral drivers can find the cheapest full-coverage policy with State Farm. The following insurers also offer competitive pricing for full-coverage insurance.
Insurance Company ▲▼ | Average Monthly Quote ▲▼ |
---|---|
State Farm | $75 |
GEICO | $77 |
Allstate | $129 |
Mile Auto | $131 |
Travelers | $154 |
Safeco | $166 |
Mercury | $170 |
Progressive | $238 |
Infinity | $243 |
National General | $259 |
GAINSCO | $276 |
Direct Auto | $277 |
Foremost | $281 |
Bristol West | $316 |
Dairyland | $350 |
AssuranceAmerica | $374 |
The General | $388 |
Cheapest recent rates near Cape Coral, Florida
Drivers in and around Cape Coral, Florida have found policies from Direct Auto, First Acceptance, National General, and more, through Insurify in the last few days.
*Quotes generated for Insurify users in and around Cape Coral, Florida within the last 10 days. Last updated on November 20, 2024
*Quotes generated for Insurify users in and around Cape Coral, Florida within the last 10 days. Last updated on November 20, 2024
Car insurance requirements in Florida
Drivers in the state of Florida must meet the minimum legal requirement for personal injury protection (PIP) and property damage coverage.[4]
Florida is a no-fault state, which means that both drivers need to file claims with their auto insurance companies after an accident. This can make insurance more expensive for Florida drivers because insurers need to process additional claims each year.
Here’s how much auto insurance coverage you need as a driver in Florida:
Coverage ▲▼ | Minimum Requirements ▲▼ |
---|---|
Personal injury protection | $10,000 per accident |
Property damage liability | $10,000 per accident |
You should consider purchasing additional coverage beyond Florida’s minimum requirements. Here are some common optional coverage add-ons:
Comprehensive coverage
When a non-collision incident damages your vehicle, a comprehensive policy can help cover the repair or replacement costs. It includes coverage for theft, natural disasters, and more.
Collision coverage
If you hit another car or object, a collision policy pays for your vehicle repairs.
Uninsured/underinsured motorist coverage
If an uninsured driver causes an accident, you typically have to pay for repair costs or sue the driver. Uninsured/underinsured motorist coverage provides for your vehicle repairs.
Cheapest car insurance for drivers with an incident
Your driving record significantly affects your car insurance rates. Having incidents like at-fault accidents, speeding tickets, and driving under the influence violations on your record can cause your rates to increase. Car insurance companies use driving records to determine risk, and past incidents indicate that you’re a high-risk driver who might file a claim in the future.[5] So, insurers increase rates.
Cape Coral drivers with a past incident on their record pay an average of $212 per month for car insurance. Here are the best options for drivers with an incident in Cape Coral.
Insurance Company ▲▼ | Clean Driving Record ▲▼ | With Speeding Ticket ▲▼ | With At-Fault Accident ▲▼ | With DUI ▲▼ |
---|---|---|---|---|
State Farm | $60 | $72 | $77 | $95 |
GEICO | $62 | $75 | $80 | $98 |
Mile Auto | $102 | $124 | $136 | $161 |
Allstate | $104 | $126 | $135 | $165 |
Travelers | $124 | $151 | $162 | $196 |
Mercury | $136 | $177 | $189 | $198 |
Direct Auto | $143 | $173 | $189 | $226 |
Safeco | $159 | $195 | $204 | $233 |
Progressive | $162 | $194 | $211 | $256 |
Infinity | $173 | $216 | $219 | $274 |
Foremost | $185 | $242 | $256 | $293 |
GAINSCO | $200 | $261 | $247 | $317 |
Dairyland | $202 | $244 | $259 | $320 |
Bristol West | $220 | $267 | $284 | $348 |
AssuranceAmerica | $225 | $271 | $285 | $356 |
National General | $249 | $302 | $322 | $394 |
The General | $273 | $336 | $360 | $432 |
Average cost of car insurance by age
Insurance companies consider your age when determining rates. Due to inexperience and reckless driving habits, teenagers pay the highest premiums for car insurance. Between the ages of 35 and 70, drivers typically see rates decrease with age. Drivers can expect to earn the lowest rates near retirement age, but costs tick up again for senior drivers older than 70.
Here are the average car insurance costs in Cape Coral by age.
Age ▲▼ | Average Monthly Quote ▲▼ |
---|---|
Teens | $404 |
20s | $291 |
30s | $253 |
40s | $243 |
50s | $223 |
60s | $205 |
70s | $211 |
Cape Coral car insurance quotes by credit tier
Your credit history can also affect how much you pay for coverage in Florida. Insurers use credit-based insurance scores as another measure of risk, with lower scores indicating higher levels of risk.
You’ll likely pay higher rates if you have poor credit than if you have excellent or good credit.
Here are average full-coverage quotes for car insurance in Cape Coral for each credit tier.
Rates by Credit Tier
Cape Coral car insurance FAQs
Before you start shopping around for car insurance, you should determine the right coverage amount for you. The information below should help you navigate the process of finding affordable auto insurance.
How much is car insurance in Cape Coral?
The overall average cost of car insurance in Cape Coral is $181 per month. Drivers in Cape Coral pay $128 per month for liability coverage and $233 for full-coverage insurance, on average. Your specific premium will depend on your driving record, age, credit history, and more.
Who has the cheapest car insurance in Cape Coral?
The best way to find cheap coverage is to compare quotes from multiple auto insurers at once. The cheapest car insurance company in Cape Coral is State Farm, which has a liability car insurance rate of $60 per month. GEICO and Mile Auto also offer cheap coverage, with liability coverage rates of $62 and $102 per month, respectively.
What are the best car insurance companies in Cape Coral?
With a high Insurify Quality (IQ) Score of 4.4 out of 5, an A++ (Superior) financial strength rating from AM Best, and customizable coverage, State Farm is the best car insurance company in Cape Coral. On average, Florida drivers with insurance from State Farm pay $83 per month for full-coverage insurance and $68 for liability coverage. GEICO and Hugo are two of the city’s other best options.
Methodology
Insurify data scientists analyzed more than 90 million quotes served to car insurance applicants in Insurify’s proprietary database to calculate the premium averages displayed on this page. These premiums are real quotes that come directly from Insurify’s 50+ partner insurance companies in all 50 states and Washington, D.C. Quote averages represent the median price for a quote across the given coverage level, driver subset, and geographic area.
Unless otherwise specified, quoted rates reflect the average cost for drivers between 20 and 70 years old with a clean driving record and average or better credit (a credit score of 600 or higher).
Liability-only premium averages correspond to policies with the following coverage limits:
- Bodily injury limits between state-minimum rates and $50,000 per person, $100,000 per accident
- Property damage limits between $10,000 and $50,000
- No additional coverage
- Comprehensive coverage with a $1,000 deductible
- Collision coverage with a $1,000 deductible
Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.
Related articles
More cities in Florida
Sources
- NOLO. "Florida No-Fault Car Insurance."
- Insurance Information Institute. "How to save money on car insurance."
- Insurance Information Institute. "Auto insurance basics—understanding your coverage."
- Florida Highway Safety and Motor Vehicles. "Florida Insurance Requirements."
- Insurance Information Institute. "What determines the price of an auto insurance policy?."
Taylor Milam-Samuel is a writer and credentialed educator who is fascinated by how people earn, save, and spend their money. When she's not researching financial terms and conditions, she can be found in the classroom teaching.
Licensed auto and home insurance agent
3+ years experience in insurance and personal finance editing
Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.
Featured in