St. Although Florida’s beautiful beaches and abundant sunshine make Petersburg a great place to live, it will be more expensive to insure your vehicle if you live there. St. Petersburg drivers pay on average $1,294 per year for minimum coverage. Full coverage policies average $2,662. Florida drivers pay more than other states on average for various reasons.
Bankrate compared a variety of large insurance companies to find the most affordable car insurance in St. Petersburg. To find the best St. Petersburg car insurance, Bankrate’s editorial team evaluated third party ratings, coverage options and digital experience.
The best car insurance companies of St. Petersburg
When searching for the best St. Petersburg car insurance companies, it is important to consider not only low rates but also other categories. J.D. The J.D. Power survey to gauge customer satisfaction with auto insurance, and the financial ratings of A.M. Best, are excellent indicators. Positive marks have been awarded to many categories including Progressive, Geico and Allstate.
State Farm
State Farm is the best-performing carrier in the J.D. Power satisfaction survey. The multiple customer service channels that policyholders have access to, including online, mobile, and a telephone number, may explain this. State Farm has a high financial strength rating too, with a Superior A++ rating from AM Best. It is one of the most affordable options on the St. Petersburg market, with the lowest minimum and full coverage prices.
Geico
Geico is the second largest auto insurer in the U.S., behind only State Farm. Although it didn’t score as well on the J.D. Although it did not score as high on the J.D. Power survey, Geico’s financial strength is one of its many advantages. Geico earns a Superior A++ rating from AM Best. Geico offers many discounts including affiliation, multi-policy and multi-vehicle discounts. Although coverage options may not be as extensive, drivers might be interested in mechanical breakdown coverage. This covers higher maintenance costs.
Allstate
J.D. rates Allstate higher than the industry average. Power and also has a financial strength rating of A+ from A.M. Best worth noting. Allstate excels in the area of coverage and discounts. Allstate offers options for all drivers, even teens. Allstate offers many ways to lower your premiums, including Drivewise where Allstate evaluates your safe driving habits. If you are eligible, you will receive a discount.
Progressive
The third-largest auto insurer in the U.S., Progressive offers all of the digital tools drivers expect now. Progressive offers many communication options, whether it’s online, via an app, or by calling a customer service number. Progressive can help you with any questions, make policy changes, or file a claim. Progressive has a wider range of products than other national carriers.
St. Petersburg has the lowest car insurance
There are a number of carriers offering cheap car insurance rates in St. Petersburg. Many drivers are looking for lower premiums because the average cost of St. Petersburg’s minimum coverage is $1,294 and full coverage is $2,662. Compared to the national average of $1,674 annually, drivers in the area are paying substantially higher than average premiums.
Geico, Allstate and Progressive offer lower premiums but offer key benefits. Each of these five companies are highly rated by A.M. Best for their financial strength. All five have mobile apps that allow you to submit claims, contact roadside assistance, update your policy, and many other tasks. J.D. rates State Farm as the best for customer satisfaction. This is the one you should pay attention to if you are concerned about customer service.
Insurance requirements for St. Petersburg
Florida requires drivers to carry a minimum amount of liability and personal injury protection (PIP) coverage, which includes:
- You can get $10,000 in PIP, regardless of your fault in an accident. In Florida, this is called no-fault insurance.
- $10,000 property damage liability (PDL), to cover damage to property of another person.
While purchasing the minimum coverage might seem appealing to keep within a budget, other coverages may be necessary. If you buy a newer vehicle that you financed, the lender might require gap coverage to cover the cost of repairs or replacement costs if the car is damaged in an accident. Lenders often require collision and comprehensive coverage until the vehicle is fully paid off.
St. Petersburg car insurance discount
Because car insurance premiums in St.Petersburg tend to be higher than the national average, finding all available discounts is a simple way to find extra savings for premiums. You can take advantage of these discounts:
- Bundling: You may be eligible for multi-policy discounts if you buy an auto policy from the same company as other products like homeowners or renters.
- Multi-vehicle insurance: You can save even more if you insure more than one vehicle.
- Participating in defensive driving courses can help you save on your premiums. Only one caveat: Make sure that it is approved by your carrier.
- Military: Ask about military discounts if you’re a veteran or a member. Nearly all airlines offer discounts for servicemembers.
While discounts are a great way to reduce premiums, there are many other options. It is a good idea to shop around and compare premiums between carriers, as rates can vary quite a bit from one carrier.
Questions frequently asked
Which is the best auto insurance company?
To determine the best car insurance company, use a variety of considerations to make a well-rounded decision. Bankrate reviewed several national carriers to determine their financial strength, customer service ratings and coverage options. Progressive, Geico and Allstate were the top-rated choices.
Is Florida a no-fault state?
Yes, Florida adheres to the no-fault laws for driving. All drivers must file an insurance claim with their company in the event of an accident. This is also why PIP insurance is a requirement for each driver in Florida.
