Cape Coral, FL Car Insurance

Explore average premiums in Cape Coral, Florida, along with ways to save money on auto insurance.

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What's the average cost of car insurance in Cape Coral?

 

Car insurance costs an average of $2,026 per year in Cape Coral, Florida. That's cheaper than the average in Florida ($2,309) and more expensive than the national average of $1,548. Our guide to Cape Coral auto insurance includes average rates based on age, credit score, driving history, and marital status. Read on to learn more!

 
CAPE CORAL CAR INSURANCE RATES
Cape Coral Average (annual)Florida AverageNational Average
$2,026$2,309$1,548
 
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Cape Coral car insurance rates by company

 

The difference in auto insurance rates from company to company can be substantial. In Cape Coral, State Farm offers the cheapest rates for the average insurance customer. Reference below the top options for affordable insurance in Cape Coral. Don't forget to get car insurance quotes based on your unique driving profile.

 
CAPE CORAL CAR INSURANCE RATES BY COMPANY
InsurerAverage Rate (annual)
State Farm$1,608
GEICO$1,764
Progressive$2,594
Allstate$2,664
 

Consult our expert guide to finding the best cheap car insurance.

 

Auto insurance premiums by age in Cape Coral

The age group that enjoys the lowest auto insurance rates in Cape Coral are drivers in their 50s, who pay an average of $1,850 per year. Rates for Cape Coral drivers in their 60s are also relatively affordable, at just $1,893 per year.

The Cape Coral drivers facing the priciest insurance rates are teenagers. When Cape Coral drivers hit their 20s, their insurance rates drop substantially. The cost differential between the car insurance premiums paid by teenage drivers and drivers in their 20s in Cape Coral is $3,186, the largest such difference between any two age brackets.

 
CAPE CORAL CAR INSURANCE PREMIUMS BY DRIVER AGE
Age groupAverage Annual Rate
Teens$5,773
20s$2,587
30s$2,018
40s$1,974
50s$1,850
60s$1,893
70s$2,315
 

Learn more about how age influences auto insurance rates.

 

Cape Coral car insurance premiums by gender and marital status

 

Marital status and gender can be contributors to car insurance rates, in some cases. Married drivers usually pay less for car insurance than their single counterparts. In Cape Coral, married motorists pay $90 less than single drivers for auto insurance. Rates for those who are widowed are also much cheaper than rates for those who are single. Interestingly enough, in Cape Coral, single drivers pay more than those who are widowed.

Gender is yet another factor that can affect auto insurance premiums. In Cape Coral, female drivers pay $38 per year more than do male drivers for car insurance.

 
CAPE CORAL CAR INSURANCE RATES: BY MARITAL STATUS AND GENDER
Marital Status/GenderAverage Annual Rate
Female$2,064
Male$2,026
Single$1,936
Married$1,936
Divorced$2,026
Widowed$1,986
 

Learn more about how gender and marital status have on insurance rates.

 

Cape Coral auto insurance costs by violation history

 

No matter where you live, steering clear of accidents and citations is the best way to keep your auto insurance rates low. At-fault collisions, DWIs, citations for reckless driving, and speeding tickets each contribute to increases in car insurance rates. Insurance companies reward low-risk drivers with the gift of low rates.

Two of the most expensive driving violations from an insurance perspective are reckless driving and DUI. In Cape Coral, a reckless driving citation results in an average insurance rate increase of $1,030 per year, compared to the citywide average. For comparison's sake, a DUI offense results in a $926 increase, and a speeding ticket triggers a $502 rate hike.

 
CAPE CORAL CAR INSURANCE RATES AFTER A VIOLATION OR ACCIDENT
CitationAverage Annual Rate
DUI/DWI$2,951
Reckless Driving$3,056
At-fault Accident (damages < $1,000)$2,793
At-fault Accident (damages > $2,000)$2,793
Speeding Ticket (16-20 mph over speed limit)$2,527
 

Learn more about the impact of driving violations on car insurance rates.

 

Cape Coral auto insurance rates by credit level

 

One of the byproducts of a good credit score is lower car insurance costs. Drivers who keep their credit score up typically pay less for auto insurance than do drivers with less-than-stellar credit histories. Cape Coral drivers who improve their credit score from "Very Poor" (300-579) to "Exceptional" (800-850) can save as much as 59% on their car insurance premiums. If you move from the "Very Poor" credit tier to the "Fair" credit tier, you could be in line for an auto insurance price adjustment. In Cape Coral, moving into the "Fair" credit tier corresponds to an average of $1,501 in savings on insurance each year.

 
CAPE CORAL CAR INSURANCE RATES BY CREDIT LEVEL
Credit ScoreAverage Annual Rate
Very Poor$3,977
Fair$2,476
Good$2,026
Very Good$1,839
Exceptional$1,633
 

Learn more about the relationship between poor credit and car insurance.

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Ross Martin LinkedIn

As a licensed insurance agent, Ross is responsible for researching and writing about all matters related to auto and home insurance. He has a background in writing and education, as well as a master's degree from Royal Holloway, University of London. He has been quoted by CNET, iDriveSafely.com, and Kin Insurance.