State Farm is the largest insurer in the country, and a good option for drivers in Florida and Cape Coral specifically. It stands out for its bundling discount and low rates.
Homeowner Discount and Bundling
In part due to hurricanes and flooding, homeowners insurance is expensive in Florida. The average cost of homeowners insurance in Cape Coral is around $3,000 annually, which is lower than the state average of $4,000 to $9,000.
On average, State Farm charges around $2,300 annually for homeowners insurance in Cape Coral, making it a good option for customers who plan to bundle home and auto insurance. Plus, State Farm’s bundling discount typically is around 17 to 25 percent, which can result in further savings.
Additionally, State Farm offers a homeowners discount in Florida. You can save just for owning a home — regardless of whether the home is in Florida or you insure it with State Farm.2
Many Cape Coral residents own boats, taking advantage of the city’s canals and waterfront lifestyle. Insuring your car and your boat with the same company can cut down on paperwork and simplify the insurance process.
Boat insurance protects your your boat against damage or loss caused by:
State Farm insures the following types of boats:
- Runabouts/sport boats
- Bass/fishing boats
- Jet skis
State Farm underwrites boat policies itself (rather than partnering with another insurance company), meaning you’ll work directly with a State Farm agent and receive the same level of service as you would with an auto policy.
Good Rates After At-Fault Accidents
Accidents can happen to anyone, even the safest drivers. An at-fault accident will increase your auto insurance premium, sometimes by up to 50 percent.
Among the companies we analyzed, State Farm has the lowest rates for drivers with an at-fault crash on their record. On average, State Farm’s rates in Cape Coral go up by only 15 percent after an accident.
|State Farm annual cost of full coverage in Cape Coral with a clean record
|State Farm annual cost of full coverage in Cape Coral with an at-fault accident
|Average annual cost of full coverage in Cape Coral with an at-fault accident
GOOD TO KNOW:
The following places are considered some of the most dangerous in Cape Coral.3
Drive with extra caution on these roads:
- State Road 82: Poor visibility, risky driving behavior, and dangerous conditions have made this highway notorious for accidents and fatal crashes.
- Pine Island Road (also known as State Road 78): This bustling area in Cape Coral suffers from congestion, frequent U-turns, and problematic intersection signals, leading to numerous accidents annually. The intersections with Santa Barbara, Andalusia Boulevard, and Del Prado Boulevard are where most accidents occur.
- Intersection of Country Club Boulevard and Veterans Parkway: More than 100,000 vehicles drive this road every day, and dangerous driving habits are common, leading to accidents.