Best Cheap Car Insurance in Tampa

• Car insurance in Tampa costs more than the Florida average. Full coverage in the city costs $4,089 annually, on average, and minimum coverage costs around $1,763 annually.
• State Farm has the cheapest rates for both full and minimum coverage, while GEICO is best for customer satisfaction.
• Average rates can provide an idea of what a given company charges for insurance, but your premium will depend on factors unique to you, such as your driving history and age.

State Farm offers the most affordable full coverage premiums in Tampa, on average, at $2,646 annually — 35 percent cheaper than the citywide average. Travelers and GEICO also have rates far below the average at $2,773 per year and $3,275 per year, respectively.

State Farm also has the lowest rates for Tampa drivers looking for minimum coverage, with an average annual premium of $1,212, which is hundreds of dollars cheaper than the city average. GEICO and Travelers have the next-cheapest rates at $1,236 and $1,492 per year.

In 2024, there were 20,491 total car accidents in Tampa.⁵ As a result of these accidents, there were 61 fatalities and 262 serious injuries — both figures represent a decrease from the previous year. Most of those who died or were seriously injured in crashes were in the 25-34 age group.

The majority of fatal crashes occurred in June and January. The most dangerous days of the week were Friday and Tuesday, while the most dangerous times of day were 5 p.m. and 9 p.m.

Florida has rather low minimum coverage limits required by law:

• Property damage liability: $10,000 per accident
• Personal injury protection: $10,000 per person

Unlike most states, Florida does not mandate bodily injury liability coverage. It does, however, require personal injury protection coverage, which helps pay for your medical expenses in the event of an accident. Florida is a no-fault state, so drivers involved in an accident are responsible for paying for their own medical expenses, regardless of fault. It’s a good idea to purchase more than the minimum coverage limits, as they are very low. If you get into a bad accident, they will likely not cover the full damages.

At AutoInsurance.com, we evaluate auto insurance providers based on four key factors:

• Price (40%): We analyzed average full and minimum coverage premiums for safe Tampa drivers with good credit. Full coverage averages use the following limits:
  • Bodily injury liability: $100,000 per person/$300,000 per accident
  • Property damage liability: $100,000 per accident
  • Uninsured and underinsured motorist bodily injury: $50,000 per person/$100,000 per accident
  • Comprehensive and collision: $500 deductible
• Claims handling (25%): The best insurance companies are those that handle claims quickly and fairly. We assess insurers’ claims practices through sources like the CRASH Network Insurer Report Card and J.D. Power’s Auto Claims Satisfaction Study, and financial strength from sources like AM Best and S&P.
• Customer experience (25%): We assess various aspects of the customer experience, including the ease of getting a quote and purchasing coverage. We also evaluate online and agent support, as well as the user experience on each insurer’s website and mobile app. Our analysis uses insights from J.D. Power, the NAIC Complaint Index, BBB ratings, and app store reviews.
• Coverage options (10%): We consider each company’s coverage options and prioritize those with offerings beyond the state-required minimums, like new car replacement, gap coverage, rideshare coverage, and more.