Best Car Insurance Rates in Cape Coral, Florida

On average your neighbors pay $98 a month.

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Compare Car Insurance in Cape Coral

Monday, May 21 2018 By Jennifer Cramer

When people think of canals, they often think of Amsterdam or Venice, Italy. However, did you know that the city with the most canals on earth is actually Cape Coral, Florida? Halfway between Tampa and Miami, Cape Coral has over 400 miles of canals, which can make driving a pain. Drivers who have to deal with this everyday deserve affordable car insurance rates.

Average Cape Coral Car Insurance Rates

How much is car insurance in Cape Coral, FL? The average cost of insurance coverage in Cape Coral is higher than both the state and national average. The average cost of auto insurance in Florida is $1,185.25 per year. The national average price is $889.01.

Prices may vary depending on your driving record and the number of insurance claims filed in your zip code.

Florida Average Annual Car Insurance Rates
Coverage Rates
Liability $857.64
Collision $282.96
Comprehensive $116.53
Total Cost Per Year $1,185.25
Price Per Month $98.77
Source: Facts + Statistics: Auto insurance

The graph below shows the change in Florida's insurance rates from 2011 to 2015, the most recent year the data is available. According to the III, Florida car insurance rates increased from $1,090 in 2011 to $1,140 in 2015, a jump of $94, or 8.68 percent.

Florida average car insurance rates

QuoteWizard helps consumers compare quotes from both national insurance companies and local independent agents. QuoteWizard can help you find cheap car insurance rates near Cape Coral, Florida and save up to 40% on your premium.

Last year, 4,902 people used QuoteWizard to compare car insurance quotes in Cape Coral, FL from multiple companies and get the cheapest rates.

Best Car Insurance Companies Cape Coral, FL

This is our list of the most common car insurance companies reported by QuoteWizard users living in Cape Coral, FL last year. Of the 4,902 people who requested quotes last year, only 107 did not have insurance.

  1. GEICO
  2. Allstate
  3. Progressive
  4. State Farm
  5. Esurance
  6. 21st Century
  7. Liberty Mutual
  8. USAA
  9. Farmers
  10. Nationwide
Get a quote from some of these top rated insurers! Request Quote Get a Quote From Top Insurers

Top 10 Vehicles in Cape Coral

These are the most common car makes and models owned by Cape Coral drivers requesting quotes through QuoteWizard last year.

  1. Kia Soul
  2. Ford F-150
  3. Ford Mustang
  4. Kia Sorrento EX
  5. Toyota Prius
  6. Kia Optima EX
  7. Ford Explorer
  8. Honda Accord LX
  9. Toyota Camry LE/XLE
  10. Honda CR-V EX
Get a quote for your vehicle. Request Quote Get a Quote For Your Vehicle

Minimum Car Insurance Requirements Cape Coral, FL

Cape Coral, Florida has a minimum coverage requirement known as the 10/20/10 rule, which means each policy must include at least:

  • Individual Bodily Injury Liability (BIL): $10,000.
    This is the most your insurance company will pay for one person injured in a car accident. It applies only to people named on your policy.
  • Total Bodily Injury Liability: $20,000.
    This is the most your insurance company will pay in total for everyone injured in a car accident. It applies to you and people not named on your policy.
  • Property Damage Liability (PIL): $10,000.
    This is the most your insurance company will pay for property damage caused by a car crash. This includes all physical damage such as vehicle damage and damage to road fixtures. If you hit a telephone pole or road sign, you’re covered.

Cape Coral Drivers

Congratulations Cape Coral! According to the 2016 Best Drivers Report published by Allstate Insurance, Cape Coral, Florida ranked fifth out of 200 cities for safe driving. While most US drivers go 10 years without having an accident, drivers here are involved in crashes every 12.2 years.

Cape Coral drivers saved up to $383 on their car insurance policies by comparing rates through our simple form.
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Driving Conditions

Factors affecting insurance rates include the weather, driving, and road conditions.

Weather

Cape Coral, FL enjoys a tropical humid climate and endures dry winters. On average residents can expect 265 sunny days and around 112 days with any measurable precipitation. Cape Coral receives an average of 54.3 inches in precipitation a year and it never snows in this area.

Road Conditions

TRIP reports that 5% of the Cape Coral's major roads have pavement conditions rated as poor. Another 60% are mediocre. These road conditions costs drivers $495 a year in extra vehicle operating costs. These costs are a direct result of driving on rough roads that damage cars and waste gas because of delays due to congestion. They’re also a factor in car accidents.

Traffic Congestion

Traffic data provider Inrix ranks Cape Coral 86th for worst traffic congestion in the US. Their data shows that area commuters wasted 30 hours in traffic congestion last year. Area commuters also spent a total of $669 per commuter in congestion costs.

Moving Violations

Moving violations like speeding, drunk driving, and accidents can have a dramatic impact on your insurance rates.

Traffic Tickets

The Lee County Clerk of Circuit Court website allows you to pay traffic citations, tells drivers how to plead not guilty and contest tickets, elect to attend driver improvement school, and provides helpful traffic court information.

Cape Coral DUIs

Getting a DUI can cause all kinds of problems, especially increasing your rates. After your rates go up, legal and financial woes can stick around for months. Lee County Sheriff’s office provides DUI data via its website. At the end of the day, a DUI can typically cost between $10,000 and $15,000.

SR-22 or FR-44 DUI Insurance

A DUI conviction may require you to obtain an SR-22 or FR-44 form. Request a quote and we'll will connect you with local agents from top companies that specialize in Cape Coral DUI insurance.

Car Accident Statistics

Cape Coral Police reported 2,197 motor vehicle crashes in 2016, resulting in 1,418 injuries. This was a big decrease from the 1,717 crashes reported in 2015.

Traffic Fatalities

Cape Coral reported ten fatalities from car crashes in 2016. This was nearly the same as the 11 crash fatalities reported in 2015.

Vehicle Theft Rates

Cape Coral Police reported 141 vehicle thefts in 2016. This was a rate of 0.80 thefts per 1,000 residents. This is much lower than the rate for the US as a whole, which is 2.20 thefts per 1,000 people.

Save With Car Insurance Discounts

Are you looking for cheap car insurance? Discounts are a great way to lower your insurance rates. These are some of the auto insurance discounts available to Cape Coral drivers depending on your carrier. Get a quote and find out which discounts you qualify for with your current or multiple insurance companies

  1. Bundle your auto policy with your homeowners, renters, or life insurance. Bundling is one of the best discounts because can save you more than any other single discount. Bundling insurance policies together under one insurer can knock as much as 15% off your premium
  2. Install anti-theft devices and car alarm systems
  3. Active duty and retired members of the Military, National Guard, or Reserves are entitled to discounts for their service
  4. Maintain a B grade point average in school to qualify for the good student discount
  5. Keep your driving record clean with no tickets or accidents to qualify for the accident free discount
  6. Have good credit. If your credit rating has recently improved, get a quote. You may find yourself paying a smaller premium
  7. Live in a safe zip code with lower crime rates. People that live in zip code where lots of insurance claims are filed pay higher rates
  8. Drive less. Live close to work and you might be able to get the low mileage discount
  9. If you are 55 or older you could qualify for either the senior discount or the 55 and retired discount
  10. Shop around and compare low-cost Cape Coral car insurance quotes and discover every discount you qualify for

Sources:

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