Explore average premiums in Cape Coral, Florida, along with ways to save money on auto insurance.
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 Average (annual) | Florida Average | National Average |
| $2,026 | $2,309 | $1,548 |
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.
| Insurer | Average 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.
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.
| Age group | Average 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.
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.
| Marital Status/Gender | Average 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.
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.
| Citation | Average 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.
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.
| Credit Score | Average 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.
