St. Petersburg, FL Car Insurance
How much does car insurance cost in St. Petersburg?
Car insurance in St. Petersburg costs an average of $1,577 for a six-month policy or $263 per month on average. In 2023 our data shows Travelers is the cheapest car insurance company in St. Petersburg with rates at $1,026 for a six-month policy. St. Petersburg drivers pay more than the average for car insurance in Florida ($1,461 every six months) and more than the national average of $880.
According to our customers in St. Petersburg, 44% of them said they're paying too much for their car insurance. If you agree or just need help with your car insurance, read on to learn more about what a fair rate looks like in St. Petersburg based on common factors like credit score, coverage level, and more.
|Car Insurance in Saint Petersburg vs. Florida||Avg. 6 Mo. Premium|
|Saint Petersburg Average||$1,577|
The cheapest car insurance companies in St. Petersburg
Travelers is the cheapest option in St. Petersburg at $171 per month or $1,026 for a six-month policy.
The second most affordable option in St. Petersburg for auto insurance is through State Farm. A six-month policy with State Farm costs $1,052, which comes out to $175 per month.
In third place on our list of cheap St. Petersburg insurers is GEICO, which costs $256 per month ($1,534 for a six-month policy).
Are you paying too much for auto insurance?
St. Petersburg car insurance rates by company
Our 2023 data indicates that the most budget-friendly company for full coverage car insurance in St. Petersburg is Travelers, offering coverage at $171 per month or $1,026 for a six-month policy. Following closely is State Farm, with policies starting at $175 per month or $1,052 for a six-month coverage.
For more insights into top-rated car insurance companies, refer to The Zebra's Customer Satisfaction Survey.
Cheapest car insurance companies in St. Petersburg, FL
Dynamic auto insurance data methodology
Methodology: The auto insurance rates displayed above and throughout this page are dynamic, meaning the data will refresh when the most recent information is made available. Rates are based on a sample driver profile — a 30-year-old single male driver with a Honda Accord and full coverage. This profile was adjusted based on common pricing factors used by major car insurance companies, like age, coverage level, driving record and others.
Shop around for the best rates
The only way to find the cheapest coverage for you is to compare. Our comparison service can help. Enter your ZIP code to see rates from Travelers, State Farm, GEICO, Nationwide, and other top companies in St. Petersburg, and find the best and most affordable car insurance.
Average car insurance in St. Petersburg by rating factor
To establish an impartial premium that corresponds to a driver's situation, car insurance companies rely on an array of rating factors that aid in gauging the risk you represent. These rating factors, such as age, credit score, claims history, and additional criteria, are commonly employed by most companies. However, certain insurance providers place varying emphasis on different factors.
Given this understanding, it is important to emphasize that the most appropriate auto insurance company for you can shift as you advance in age or undergo alterations in your profile. Consistently procuring new quotes can offer valuable insights to determine if you are still securing the most favorable rates.
Q: I didn't have an accident — Why is my insurance going up?
A: The end-of-year earnings, comparing the premiums' revenue with the expenditure incurred in settling insureds' claims, significantly influence the car insurance rates in St. Petersburg. Even if you haven't made any claims with your insurance provider, you could still find yourself burdened with higher premium payments due to the escalating costs associated with conducting business in St. Petersburg.
Auto insurance premiums by age in St. Petersburg
Age stands as one of the foremost rating factors impacting car insurance premiums, exerting a profound influence on the cost. Given that teenage drivers possess the highest potential for accidents among all age groups, it is customary for them to encounter the highest premium charges.
In St. Petersburg, the contrast in rates paid by teen drivers and individuals in their 20s amounts to $5,186 per year, marking it as the most substantial distinction between any two age brackets. Although this may seem inequitable, insurance companies must adopt such practices to effectively manage risks. Imposing higher premiums on teen drivers enables companies to offset the escalated expenses involved in claims settlements.
Cheapest car insurance companies for teen drivers in St. Petersburg, FL
Auto insurance premiums for minimum coverage in St. Petersburg
The choice of coverage you make for your policy plays a major role in determining your insurance rates. The more coverage you enroll in, the more expensive your policy will be. Quite a few drivers in St. Petersburg drivers carry only the minimum coverage required by the state. While this fulfills the legal obligation, having only the minimum limits puts you at risk of being underinsured.
Collision and comprehensive coverage, while recommended, can increase your rates. This combination, commonly referred to as "full coverage," offers a broader scope of protection for your vehicle. These coverages typically require a deductible, which also has an effect on your rates depending on the amount you choose.
Additional features like roadside assistance or uninsured motorist coverage hold substantial value. These coverages prove invaluable in emergency situations or in cases where you collide with an uninsured driver. Despite the additional cost reflected in your premium, we encourage you to contemplate their incorporation as they go a long way in safeguarding your vehicle and ensuring your personal well-being.
Q: Can I lower my car insurance coverage?
A: Possibly — if your vehicle is paid off.
If you are currently leasing or financing your vehicle, you likely have a required level of coverage to maintain it. However, if you own your vehicle outright it may be worth considering whether removing comprehensive or collision coverage is appropriate. We recommend obtaining the actual cash value of your vehicle using Kelley Blue Book or another reputable source. As a general guideline, if your vehicle's value is less than $4,000, collision coverage may not be necessary. Nonetheless, it is crucial to understand that eliminating these coverages means that you will need to personally cover any repair expenses.
Cheapest car insurance companies for minimum coverage in St. Petersburg, FL
46% of our customers in St. Petersburg opt for basic coverage, but this may not be the best option for everyone. It's important to consider all your options and see what coverage best fits your needs. While we understand state minimum or basic coverage is a budget-friendly solution, it does leave you at risk for damages that exceed your liability limits. Also, Florida is unique in that it is a no-fault state, which means that drivers aren't required to have bodily injury liability insurance. No matter whose fault an accident is, your own personal injury protection (PIP) coverage will step in to provide coverage for injuries. Florida's requirements are $10,000 in property damage liability and $10,000 in PIP coverage.
Learn more about insurance laws in Florida.
St. Petersburg car insurance rates by credit score
While some states have chosen to no longer consider credit scores as a rating factor, Florida retains the practice of incorporating this numeric value when evaluating policies. The credit score has historically provided insights into drivers' likelihood of filing claims—those with lower credit scores exhibit a greater tendency for engaging in risky driving behaviors, encountering coverage gaps, and initiating claims. Consequently, insurance companies view a lower credit score as an increased risk to insure.
Interestingly enough, St. Petersburg drivers with poor credit (300-579) encounter a noteworthy 96% escalation in insurance costs compared to drivers with excellent credit (800-850). Our gathered data indicates that 33% of drivers in St. Petersburg have a credit score in the average (580-679) category. For the year 2023, State Farm stands out as the most cost-effective option for St. Petersburg drivers falling within this credit category.
Cheapest car insurance companies for bad credit in St. Petersburg, FL
Auto insurance rates with an at-fault accident
Among the plethora of insurance claims, at-fault accidents and collisions rank as the prevailing incidents. In 2023, an at-fault accident resulted in the average car insurance rates in St. Petersburg increasing by about $116 per month. Following an at-fault accident, Travelers proves to be the most affordable insurance company in St. Petersburg.
Regardless of the city you are in, the most effective method to retain affordable auto insurance rates is by maintaining a clean driving record. Offenses like speeding tickets, charges of reckless driving, DUIs, and at-fault accidents inevitably result in rate increases. It is worth noting that many of these violations can linger on your record for a period ranging from three to five years, with an extended duration for DUI or DWI cases.
Cheapest car insurance companies after an at-fault accident in St. Petersburg, FL
St. Petersburg car insurance rates by violation
Did you know that the type of violation affects how much your rate increases? See the chart below to see how different violations affect your rates.
Car insurance rate increases after violations and citations in St. Petersburg, FL
|Accident/Violation||Avg. 6 Mo. Premium||% Rate Increase||$ Rate Increase|
|One Med/PIP claim||$1,577||0%||$0|
|Two Med/PIP claims||$1,693||7%||$115|
|One comp claim||$1,703||8%||$126|
|Two comp claims||$1,755||11%||$177|
|Child safety restraint||$1,781||13%||$204|
|Failure to wear a seat belt||$1,781||13%||$204|
|Failure to show documents||$1,787||13%||$209|
|Driving without lights||$1,787||13%||$209|
|Speeding 6 - 10 MPH over limit||$1,808||15%||$231|
|Passing school bus||$1,829||16%||$252|
|Wrong way/wrong lane||$1,837||16%||$260|
|Failure to stop at a red light||$1,840||17%||$263|
|Failure to yield||$1,840||17%||$263|
|Following too closely||$1,843||17%||$265|
|Cell phone violation||$1,843||17%||$265|
|Driving with expired registration||$1,843||17%||$265|
|Texting while driving||$1,848||17%||$271|
|Speeding 11 - 15 MPH over limit||$1,877||19%||$300|
|Driving too slowly||$1,893||20%||$316|
|Speeding in school zone||$1,893||20%||$316|
|Speeding 16 - 20 MPH over limit||$1,945||23%||$368|
|Speeding 21 - 25 MPH over limit||$1,957||24%||$380|
|Operating a vehicle without permission||$1,974||25%||$397|
|In 65 MPH zone||$2,100||33%||$523|
|At-fault accident - less than $1000||$2,229||41%||$651|
|At-fault accident - greater than $2000||$2,274||44%||$697|
|At-fault accident - $1000-$2000||$2,274||44%||$697|
|Refusal to submit to a chemical test||$2,432||54%||$855|
|Driving with a suspended license||$2,499||58%||$922|
|Leaving scene of an accident/hit and run||$2,553||62%||$975|
Why is car insurance in St. Petersburg so expensive?
In comparison to the average rate in the state of Florida and the national average, car insurance in St. Petersburg proves to be relatively costly. Multiple factors contribute to this circumstance: St. Petersburg's status as a major city in Florida, metropolitan areas generally accommodating a larger population and more drivers, resulting in an increased likelihood of accidents.
Additionally, the cost of living in St. Petersburg exceeds that of other towns in Florida, leading car insurance companies to impose higher rates to cover their expenses. In addition to personal rating factors, location-specific elements impact the heightened cost of car insurance in St. Petersburg, regardless of one's driving profile.
In St. Petersburg, the location of your residence affects how much you pay for car insurance. Although this is somewhat beyond your control, it does influence risk. Certain areas are simply more susceptible to theft, other crimes, and uninsured drivers than others. This can differ by hundreds of dollars between neighborhoods in some cities. If you live in a high-crime area, you will likely pay more for auto insurance than someone who lives in a safer neighborhood.
Expensive St. Petersburg ZIP codes: 33167, 33125, 33135, 33168, 33142
Cheap St. Petersburg ZIP codes: 33176, 33157, 33143, 33158, 33156
The damage caused by hurricanes and other weather-related damage has been known to bankrupt insurance companies. Florida experiences a fair amount of severe weather. The Tampa metropolitan area actually ranked #3 and #7 for storm surge and hurricane wind risk, respectively, in 2022. The number of tornadoes in Florida last year (75) and wildfires throughout the state (2,262) may also surprise you. These dangerous situations can make it expensive for auto insurers to operate in Florida. In turn, they will raise their rates to anticipate further weather-related losses.
Damage to your vehicle caused by flooding is covered under your comprehensive coverage. If you have a new or nice vehicle, even if it's paid off, it's a good idea to carry comprehensive insurance if you're concerned about flooding or any other weather risks.
St. Petersburg has become increasingly popular in the last few years as people have migrated to different regions and remote work has become more prevalent, but more people means more vehicles and therefore more accidents. Also, the St. Pete area is very popular with tourists, which adds another level of risk on the road.
The costs of accident-related claims generally get passed along to other drivers through higher rates, even if you're a safe or infrequent driver. People operating vehicles without insurance coverage also pose a significant risk, and with Florida's no-fault status and fairly low requirements, it may be worth increasing your coverage to further protect yourself from damages caused by others.
Bundling insurance policies in St. Petersburg
Despite the national increase in car insurance rates, there are still opportunities for savings through various discounts. One of the most common discounts offered by insurance companies is the multi-policy or bundling discount. By consolidating your home or renters insurance with your auto insurance under one provider in St. Petersburg, you can secure a noteworthy discount. Some companies even extend savings of up to 10% on combined premiums.
If you currently maintain separate policies for your home and car, it is advisable to investigate the potential cost savings achievable by bundling them together. In many cases, the effort invested in this pursuit proves to be highly worthwhile.
Cheapest car insurance companies for bundling home and auto insurance in St. Petersburg, FL
While you may not have control over certain factors, drivers can actively work towards making themselves more appealing to insurance providers. Our advice is to thoroughly research and get quotes from numerous companies in St. Petersburg. By undertaking this comprehensive assessment, you can secure the most affordable rate without compromising on coverage or service quality. This becomes particularly important if there have been any recent personal changes, such as a change in residence, a birthday celebration, or an improvement in your credit score.
Despite your best efforts, it's worth noting that certain companies may inherently have higher costs than others. If the opportunity arises, don't hesitate to consider switching to a more financially advantageous option.
Find the best rates for both auto and home insurance in minutes!
Frequently asked questions
How much is car insurance in St. Petersburg?
St. Petersburg residents can purchase a six-month auto insurance policy at an average cost of $1,577, resulting in a monthly rate of $263. This rate is higher than both the state and national averages.
What is the cheapest car insurance in St. Petersburg?
In St. Petersburg, Travelers is the auto insurance carrier with the most affordable rates, averaging $1,026 for a six-month policy. State Farm is another great option with a comparable price.
Is car insurance high in St. Petersburg?
In comparison to other regions in the country, car insurance in all Florida cities tends to be more costly. The average rate for a six-month policy in the state amounts to $1,461, nearly twice the national average of $880. In St. Petersburg, insurance rates are around $263 per month, which can come as a surprise to individuals new to the area who are seeking auto insurance.
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About The Zebra
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
- The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
- The Zebra’s insurance content is not subject to review or alteration by insurance companies or partners.
- The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
- The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.