Cape Coral, FL Car Insurance
Compare Progressive, Allstate, GEICO and Nationwide (+ other top companies) to find the best and cheapest car insurance in Cape Coral.
How much does car insurance cost in Cape Coral?
Car insurance costs an average of $1,013 for six months in Cape Coral. That's cheaper than the average in Florida ($1,154) but more expensive than the national average of $880. Our guide to Cape Coral auto insurance includes average rates based on age, credit score, and other factors. Read on to learn more!
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| Car insurance in Cape Coral vs. Florida | Average 6 Mo. Premium |
|---|---|
| Cape Coral average | $1,013 |
| Florida average | $1,154 |
The Zebra's key takeaways about car insurance in Cape Coral:
- The average cost of a car insurance policy in Cape Coral is $1,013 per six-month policy — $168 per month.
- The cheapest company in Cape Coral is State Farm ($804).
- 50% of Zebra customers in Cape Coral stated they used our product because they were paying too much for car insurance with their current provider.
Are you paying too much for auto insurance?
Cape Coral car insurance rates by company
The difference in auto insurance rates from company to company can be substantial. In Cape Coral, State Farm offers the cheapest rates for the average insurance customer. Reference below the top options for affordable insurance in Cape Coral. Use this information as a starting point and be sure to compare quotes specific to your unique driving profile.
| Company | Avg. 6 Mo. Premium |
|---|---|
| State Farm | $804 |
| GEICO | $882 |
| Progressive | $1,297 |
| Allstate | $1,332 |
The Zebra’s auto insurance data methodology
The Zebra’s Dynamic Insurance Rating Tool for home and auto insurance rates utilizes the latest ZIP code-level rate filings from across the U.S., sourced from Quadrant Information Services and S&P Global. These filings, typically updated annually or biennially by insurers, are verified through Quadrant’s QA process and then integrated into The Zebra’s estimator.
The displayed rates are based on a dynamic home and auto profile designed to reflect the content of the page. This profile is tailored to match specific factors such as age, location, and coverage level, which are adjusted based on the page content to show how these variables can impact premiums.
For a comprehensive understanding, see our detailed methodology.
Shop around for the best rates
The only way to know which company has the cheapest coverage is to compare. Our comparison will do the leg work for you. Enter your ZIP code to see rates from Progressive, State Farm, GEICO and USAA (+ other top companies) to find the best and cheapest car insurance in Cape Coral.
Cape Coral auto insurance rates by age
Our data tells us that drivers between the ages of 70-79 make up 25% of Cape Coral drivers. The age group that enjoys the lowest auto insurance rates in Cape Coral are drivers in their 50s, who pay an average of $925 per six-month policy. Rates for Cape Coral drivers in their 60s are also relatively affordable, at just $946 per six-month policy.
The Cape Coral drivers facing the priciest insurance rates are teenagers. When Cape Coral drivers hit their 20s, their insurance rates drop substantially. The cost differential between the car insurance premiums paid by teenage drivers and drivers in their 20s in Cape Coral is $3,186, the largest such difference between any two age brackets.
| Age bracket | Avg. 6 Mo. Premium |
|---|---|
| Teens | $2,886 |
| 20s | $1,293 |
| 30s | $504 |
| 40s | $987 |
| 50s | $925 |
| 60s | $946 |
| 70s | $1,157 |
Cape Coral car insurance rates by credit score
One of the byproducts of a good credit score is lower car insurance costs. Drivers who keep their credit score up typically pay less for auto insurance than drivers with less-than-stellar credit histories. Cape Coral drivers who improve their credit score from "Very Poor" (300-579) to "Exceptional" (800-850) can save as much as 59% on their car insurance premiums. If you move from the "Very Poor" credit tier to the "Fair" credit tier, you could be in line for an auto insurance price adjustment. In Cape Coral, moving into the "Fair" credit tier corresponds to an average of $750 in savings on insurance every six months. Our data tells us 32% of drivers in Cape Coral have a credit score of good (680-719).Â
| Credit Tier | Avg. 6 Mo. Premium |
|---|---|
| Very Poor | $1,988 |
| Fair | $1,238 |
| Good | $1,013 |
| Very Good | $919 |
| Exceptional | $816 |
Cape Coral car insurance rates by violation
No matter where you live, steering clear of accidents and citations is the best way to keep your auto insurance rates low. At-fault collisions, DUIs and DWIs, citations for reckless driving, and speeding tickets each contribute to increases in car insurance rates. Insurance companies reward low-risk drivers with the gift of low rates.
Two of the most expensive driving violations from an insurance perspective are reckless driving and DUI. In Cape Coral, a reckless driving citation results in an average insurance rate increase of $1,030 per year, compared to the citywide average. For comparison's sake, a DUI offense results in a $926 increase, and a speeding ticket triggers a $502 rate hike.
| Incident | Avg. 6 Mo. Premium |
|---|---|
| DUI/DWI | $,1475 |
| Reckless Driving | $1,528 |
| At-fault Accident (damages < $1,000) | $1,396 |
| At-fault Accident (damages > $2,000) | $1,396 |
| Speeding Ticket (16-20 mph over speed limit) | $1,263 |
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About The Zebra
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
- The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
- The Zebra’s insurance editorial content is not subject to review or alteration by insurance companies or partners.
- The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
- The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.