Cheapest car insurance companies in Tampa 

State Farm and Nationwide have the cheapest car insurance premiums for Tampa drivers in 2023, based on a data study by Insurance.com. 

State Farm has the cheapest car insurance rates in Tampa at an average cost of $2,745 per year.

When it comes to car insurance costs in Tampa, several factors come into play. Your location, driving record, coverage level, and the insurance company you choose can all affect the price you’ll pay. Make sure you shop around and compare policies apples to apples to get a good deal on your insurance policy. 

CompaniesAverage annual rates
State Farm$2,745
Nationwide$2,841
Geico$2,889
Travelers$2,891
Progressive$3,650
United Automobile Insurance$3,742
National General Insurance$3,906
Mercury Insurance$3,924

Cheapest car insurance cost in Tampa by Age Group 

In Tampa, State Farm is the cheapest car insurance company for teenagers, offering full coverage policies at $7,309 a year, on average. Teenagers often face higher car insurance rates due to statistical data indicating that they pose a greater risk on the roads. 

However, teen drivers can keep their insurance rates low by taking advantage of the good student discount or by staying on their parent's car insurance policy for as long as possible. 

Nationwide is the cheapest car insurance company for young adults. It offers full coverage auto insurance for young drivers in Tampa at about $3,879 per year

An analysis of car insurance rates for Tampa drivers reveal a significant decrease in premiums for individuals in their 30s compared to those in their 20s. State Farm offers the cheapest full-coverage car insurance rates at $2,746 per year.

With an average annual premium of $2,628, Geico offers Tampa's senior drivers the cheapest car insurance premiums, ensuring financial security and peace of mind behind the wheel. 

CompanyTeensYoung AdultsAdultsSeniors
AllstateN/AN/A$5,037N/A
Mercury InsuranceN/A$5,468$4,001$3,706
State Farm$7,309$4,353$2,746$2,673
Geico$7,846$4,863$2,942$2,628
Nationwide$9,040$3,879$2,783$2,879
Progressive$9,565$5,340$3,544$3,484
United Automobile Insurance$9,676$5,464$3,825$3,654
Travelers$9,765$4,466$2,915$2,899
National General Insurance$10,583$6,056$4,028$3,994

Cheapest car insurance companies in Tampa by driver profile 

Driver profile is one of the many factors that insurers take into account to determine car insurance premiums in Tampa. Drivers with a history of accidents or traffic citations on their record can expect significantly higher costs than those with a clean driving record.

When it comes to finding the cheapest car insurance rates in Tampa, make sure you compare insurance quotes from various insurers. By comparing rates from multiple providers, you can get the coverage you need while saving money.

Below are some of the cheapest car insurance companies in Tampa by driver profile.

Drivers in Tampa with poor credit can get the cheapest car insurance from Geico at an average cost of $3,595 a year, according to a data study by Insurance.com.

Here are car insurance carriers that offer affordable rates for drivers with poor credit scores in Tampa.

CompanyAverage annual rates
Geico$3,595
State Farm$4,316
Nationwide$4,509
Travelers$5,550
Progressive$6,096
Allstate$6,943
Farmers$8,098

In Tampa, State Farm provides the cheapest car insurance premiums for drivers aged 30 with speeding tickets on their record at an annual cost of $2,509, on average. 

Finding the cheapest car insurance isn't a one-size-fits-all scenario. What may be the most cost-effective option for you might not be the same for someone else. That's why you should compare car insurance quotes from multiple carriers.

CompanyAverage annual premium
State Farm$2,509
Geico$3,207
Allstate$3,834
Travelers$3,993
Nationwide$4,393
Progressive$5,366
Farmers$6,611

According to Insurance.com's analysis, State Farm tops the list of cheap car insurance providers in Tampa for drivers involved in at-fault accidents, with an average annual cost of $2,687. After being in an at-fault accident, finding cheap car insurance rates might seem challenging, but by comparing quotes, you can find a policy that aligns with your budget. 

CompanyAverage annual rates
State Farm$2,687
Geico$2,950
Travelers$3,987
Nationwide$4,392
Allstate$6,154
Progressive$6,448
Farmers$8,169

In Tampa, State Farm has the cheapest car insurance rates for individuals with DUI on their record. The company provides a full coverage policy at an average cost of $2,509 a year

Following a DUI conviction, it's likely that your auto insurance premiums will increase. To get affordable premiums, compare car insurance quotes from various providers. Comparison shopping can help you find the best possible offer.

CompanyAverage annual rates
State Farm$2,509
Geico$4,579
Travelers$5,138
Progressive$5,269
Allstate$5,634
Farmers$6,123
Nationwide$7,324

Average car insurance cost in Tampa 

Full coverage car insurance in Tampa for a coverage limit of 100/300/100 is $3,131 per year or $261 per month, while the state minimum coverage costs an average of $1,192 a year.

Choosing full coverage insurance may mean a higher policy cost compared to the state minimum, but it offers better protection. It provides liability coverage as well as

Average annual RatesState minimum average
$3,131$1,192

Methodology

Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:

  • 40-year-old male driver
  • Honda Accord LX
  • 12-mile daily commute, 10,000 annual miles
  • Good credit
  • Clean record

While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.

Rates are based on coverage limits of:

  • $100,000 bodily injury per person
  • $300,000 bodily injury per accident
  • $100,000 property damage per accident
  • $500 comprehensive and collision deductible

Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.