Cape Coral Car Insurance

The Zebra
May 30, 2018

Car Insurance in Cape Coral

On average, Cape Coral premiums are $248 less than the state average, so being knowledgeable about premiums while insuring a vehicle in Cape Coral is vital. Keep some money in your pocket by following the tips below about how to save on car insurance in Cape Coral.

  • City Average: $1,630
  • State Average: $1,878
  • National Average: $1,427

Cape Coral Car Insurance by Age

When drivers reach their 20s in Cape Coral, therefore moving out of the teenage age range, they can save 54%. You will not see a larger gap between any other age group. Car insurance premiums in Cape Coral continue to trend downward up until drivers hit 60. Everybody loves to save money, and luckily for drivers in their 50s, they do just that! They have the lowest payments among any age group, with rates of $1,484 per year. Those in their 60s ($1,515) also have relatively low premiums. With car insurance payments of $4,597 on average, teenage drivers have the biggest premiums amongst all the age groups.

  • Teenagers: $4,597
  • 20s: $2,137
  • 30s: $1,621
  • 40s: $1,586
  • 50s: $1,484
  • 60s: $1,515
  • 70s: $1,842

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Cape Coral Car Insurance by Accident or Violation History

Maintaining an untainted driving record is important if you want to keep your premiums minimal. Generally, a DUI in Cape Coral will cost you 51% more in car insurance premiums versus the city average of $1,630. Reckless driving will push your rates up as well, with typical rates of $2,435. Speeding 16-20mph over the speed limit can cost you in terms of insuring your vehicle. People with a speeding ticket on their driving record spend, on average, 29% more per year.

  • DUI: $2,462
  • Reckless Driving: $2,435
  • At-fault Accident (damages less than $1000): $2,241
  • At-fault Accident (damages greater than $2000): $2,241
  • Speeding Ticket (16-20 mph over speed limit): $2,100

Cape Coral Car Insurance by Gender and Marital Status

Both marital status and gender are important considerations in determining the price of car insurance in Cape Coral. Being married, as opposed to single or divorced, can save you $74 per year on car insurance. Rates for those who are widowed are relatively cheaper than rates for those who are single. Premiums for men and women typically differ by 2%, with women paying more.

  • Female: $1,663
  • Male: $1,630
  • Single: $1,630
  • Married: $1,556
  • Divorced: $1,630
  • Widowed: $1,594

Cape Coral Car Insurance by Credit Rating

Those with Very Poor credit (300-579) pay an average of more than twice as much every year on premiums than those with Exceptional credit (800-850). In terms of percent change, shifting from Fair (580-669) to Good (670-739) has the largest positive impact on premiums, as it saves drivers close to 19% per year.

  • Very Poor: $3,138
  • Fair: $2,564
  • Good: $2,086
  • Very Good: $1,708
  • Exceptional: $1,424