According to an Allstate insurance study, Cape Coral drivers are among the most safe. To determine the 200 safest cities, the carrier examined crash reports and claims. Cape Coral was ranked #10 in terms of safest drivers. Even though Cape Coral car owners have fewer claims than other drivers, Florida’s car insurance rates are the second highest in the nation. For minimum coverage, the average cost of car insurance is $951 annually and for full coverage it’s $2,014 each year.
Good news is that annual rates are lower than the $2,364 per annum Floridians spend on average for full coverage. There are many other ways to lower your Cape Coral car insurance premiums. To narrow the field, we compared car insurance rates and customer ratings from the top Cape Coral car insurance companies.
Cape Coral’s best car insurance companies
The right company will give you the best car insurance Cape Coral has to offer. The state is home to most of the largest car insurance companies. It is worth researching the top providers and whether they work for you to find one. To narrow down the list to four top providers in Cape Coral, we compared the rates of several carriers, their customer satisfaction scores, available coverages, and discounts.
Geico is the most affordable car insurance company in Cape Coral. The basic coverage rates for minimum coverage cost $686 per annum, which is well below the $951 average in the city. Geico doesn’t offer many optional coverages, but you can be assured that you will get affordable rates from a company with the highest customer satisfaction ratings. J.D. Power’s customer satisfaction survey scored Geico at 846 out 1000, which is the second highest score of our “best of” lists.
You will need full coverage if you plan on financing or leasing your vehicle. State Farm offers the best average annual rate for complete coverage among all the insurers Bankrate has compared.
You can also add rideshare insurance to protect you while driving for Uber and Lyft.
Allstate Insurance received the highest customer rating out of all the companies, 851 out 1000. Allstate offers a range of optional coverages, including sound system insurance that pays for the replacement of damaged or stolen audiovisual components. You can also cover a classic or collectible car. This is difficult as many insurance companies do not offer this type of insurance.
It is easy to file a claim Online claims can be filed and tracked using the Allstate mobile app, or you can call or visit your local Allstate agent.
Direct General Insurance may be the best option for high-risk drivers who are having difficulty finding coverage elsewhere. High-risk drivers include those with poor credit, multiple speeding tickets, moving violations, a history at-fault accidents, young drivers with points or drivers who have had one or more DUI convictions. Although the company is primarily focused on basic insurance, it does not offer any add-ons. However, they often insure drivers who might not be able to find affordable coverage elsewhere.
Cape Coral has the lowest car insurance
Here is a list of the cheapest car insurance in Cape Coral, based on average annual rates. Because it includes comprehensive and collision insurance, full car insurance costs more than minimal coverage. If you are involved in an accident, you will need to purchase the two additional coverages that cover damages or losses to your vehicle.
State Farm and Geico are the best options for full coverage. Customers rate both companies highly and they have strong financial standings. MetLife could be an option for complete coverage. The CARE network, which includes mechanics and repair facilities, guarantees the workmanship and parts for the life of your vehicle. Geico is outnumbered by State Farm when it comes to local offices. There are four State Farm agent in Cape Coral. Allstate also has local offices. There are ten agent within the city. Progressive is a good choice for tech-oriented drivers, who appreciate the carrier’s online and mobile platforms and would prefer to manage their insurance needs digitally.
Cape Coral insurance requirements
Florida drivers must have car insurance. Otherwise, their license may be suspended. The minimum insurance requirements are:
- Personal injury protection (PIP), up to $10,000
- Property damage coverage up to $10,000
Florida’s minimums have a very low threshold. You could be held legally responsible for any expenses that exceed $10,000 that your carrier pays if you don’t purchase more. Your carrier will not cover any damage to your vehicle. Experts recommend that you purchase as much insurance as possible to protect your assets and yourself in the event of an accident.
Cape Coral car insurance discounts
Cape Coral residents can get car insurance at a discount by taking advantage these most popular vehicle insurance discounts.
- Multiple vehicles: An average Cape Coral household owns two cars. You could save on both premiums by insuring them together.
- Bundling: If your renters or home insurance covers you, you could bundle your car insurance with your policy to save money.
- Driver education: An approved defensive driving course is a great way to refresh your driving skills and get a discount.
- Low mileage: Drivers who don’t use their car daily for commutes could be eligible to receive a reduced car insurance premium.
Questions frequently asked
Which is the best Cape Coral car insurance company?
Our research revealed that Geico, Allstate and State Farm are the best and cheapest car insurance companies in Cape Coral.
What is the cost of car insurance in Cape Coral?
Bankrate has found that Cape Coral’s average car insurance cost is $951 annually for minimum coverage and $2,014 for full coverage.
Cape Coral: How much do I need car insurance?
Florida’s minimum requirements for car insurance are $10,000 in personal injury protection (PIP), and $10,000 in property damage insurance. The state’s limits may provide enough coverage to allow you to drive legally, but not enough coverage in the event of an accident.