Car Insurance Car insurance in Tampa, FL: Cheapest insurance and average rates State Farm offers some of the cheapest car insurance in Tampa at $229 per month for a full coverage insurance policy. See how car insurance in Tampa FL, compares to other large U.S. cities. View Carriers Please enter valid zip Compare top carriers in your area Written by Sarah Sharkey Sarah Sharkey Sarah Sharkey is a personal finance writer with a master’s degree in management from the Hough School of Business at the University of Florida. She enjoys helping readers find money solutions that work. She has written for numerous personal-finance publications including Money Under 30 and The College Investor. Reviewed by Laura Longero Laura Longero Laura Longero is a content strategist and communications leader with more than 15 years of experience in content development in journalism, marketing and communications for start-ups to global companies. She started her career as a reporter and editor and honed her journalistic skills at the USA Today Network, working in several roles, as well as managing content and writing at MoneyGeek and XYZ Media. Expert insight from Dr. James Brau Dr. James Brau Dr. Brau teaches finance principles, entrepreneurial finance, financial planning, and corporate finance at Brigham Young University’s School of Business. His research includes issues related to initial public offerings, financial education, real estate, and entrepreneurial finance.Go to comment Updated on: September 5, 2024 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. Car insurance in Tampa costs $3,131 per year for full coverage – $261 per month. State Farm offers the cheapest car insurance policies at an average of $229 per month. Tampa is home to around 398,000 people. When you factor in the greater area, which includes St, Petersburg and Clearwater, around 3.2 million people live there. Learn about the cheapest car insurance companies in Tampa, how much car insurance you need in Tampa and how its insurance rates compare to other large U.S. cities. Key Takeaways Full coverage car insurance in Tampa is $3,131 annually, significantly higher than the nationwide average of $1,895. The cheapest car insurance company for a full-coverage policy in Tampa is State Farm. Car insurance in Tampa is $437 a year higher than the Florida statewide average of $2,694 for a full-coverage policy. How to find the best car insurance in Tampa Shopping around can help you find the best car insurance in Tampa. Take the time to compare at least three quotes to help you find the most affordable option for your unique situation. Always ask if you qualify for any discounts before finalizing your policy. Cheapest car insurance company in Tampa State Farm offers the cheapest insurance coverage in Tampa, Florida, with an annual average rate of $2,745 for full coverage. The next cheapest company is Nationwide at $2,841 per year. See other cheap car insurance rates in Tampa in the table below. Average annual rates from insurers in Tampa Company Average annual rates for state minimumAverage annual rates for 50/100/50 liability onlyAverage annual rates for full coverageState Farm$920$1,646$2,745Nationwide$1,133$1,931$2,841Geico$799$1,758$2,889Travelers$901$1,506$2,891Progressive$1,642$2,610$3,650United Automobile Insurance$2,301$2,948$3,742National General Insurance$1,631$2,555$3,906Mercury Insurance$1,420$2,246$3,924 How much is car insurance in Tampa per month? Car insurance in Tampa costs $99 per month for a state minimum policy and $261 per month for a full coverage car insurance policy, on average, according to 2024 data. See monthly rates from Florida insurers in the table below. Monthly rates for car insurance in Tampa, Florida Company Average monthly rates for state minimum Average monthly rates for 50/100/50 liability onlyAverage monthly rates for full coverageState Farm$77$137$229Nationwide$94$161$237Geico$67$146$241Travelers$75$126$241Progressive$137$218$304United Automobile Insurance$192$246$312National General Insurance$136$213$325Mercury Insurance$118$187$327 How do rates in Tampa compare to other large cities in the U.S.? Car insurance is cheaper in Tampa than in larger cities in the state. Compare Tampa’s monthly average rate of $261 to $279 in Miami. But when compared to large cities across the country, Tampa drivers pay more. James Brau, professor of finance at Brigham Young University, says that the more risk the insurance company must bear, the higher the premium they must charge to stay in business and make a profit. “Large cities tend to present more risk to the insurance companies than rural areas. Large cities have more people, more cars and higher chances of getting in wrecks or having other damage done to vehicles,” Brau says. “As such, insurance firms must charge higher premiums in cities. Cities that are relatively more dangerous, in turn, must charge higher premiums than cities that are not as risky. Insurance companies study damage losses per metropolitan area and assign premiums depending on the number of wrecks in an area.” See how much you can expect to pay for car insurance in several major U.S. cities in the table below. Monthly full-coverage car insurance costs in major U.S. metropolitan areas CityAverage monthly premiumsAlbuquerque$186Atlanta$206Austin$161Bakersfield$206Chicago$161Colorado Springs$196Dallas$190Fresno$199Houston$193Kansas City$180Long Beach$223Los Angeles$262Mesa$165Miami$279Milwaukee$168Minneapolis$182New York$217Oakland$234Omaha$162Philadelphia$232Phoenix$188Raleigh$142Sacramento$222San Antonio$182San Diego$194San Jose$200Tampa$261Tucson$157Tulsa$195Virginia Beach$121Wichita$166 Here’s what you need to know when driving in Tampa Tampa drivers spend an average of 24 minutes commuting to work each way. Here are a few tips for drivers in Tampa: Use a maps app to get directions even if you know where you’re going because the map can help you avoid traffic. Rush hour runs from 7:30-9:30 a.m. and 3:30-7:30 p.m. If possible, avoid the roads during these times. Be aware of the major bridges used to get around the area. Try to avoid these bridges during peak traffic hours. And there are a few city restrictions in Tampa. Miscellaneous driving restrictions in the city of Tampa, Florida: Parking is tight downtown. Be prepared to pay to park in a garage. It’s illegal to park in a grass strip. How much car insurance do I need in Tampa? In Tampa, the car insurance requirements follow the state of Florida’s guidelines. Here is a look at the required minimum coverage amounts: $10,00 in personal injury protection (PIP) $10,000 in property damage coverage per accident Remember, state minimums are merely that – the minimum insurance you must buy, according to state law. Most drivers need significantly higher coverage limits. Average cost of car insurance in Tampa The average annual cost of full coverage car insurance in Tampa is $3,131 – $437 a year higher than the Florida statewide average of $2,694. That’s quite a bit higher than the nationwide average of $1,895. Annual average rates in Tampa for state minimum coverage and full coverage State minimum coverage in TampaAnnual full coverage rates in Tampa$1,192$3,131 How much does car insurance in Tampa cost with violations? A history of moving violations can push your car insurance costs higher. That’s especially true if you commit a serious violation, like a DUI. But accidents and speeding tickets also push your costs higher. For example, Tampa drivers see their rates increase by an average of 48% after an at-fault accident. If you are caught speeding, that ticket could push your car insurance rates up by an average of 32%. DUIs also lead to higher costs, with an average rate increase of 58%, and bad credit can increase your rates 115%. See rate increases in Tampa in the table below, by violation. Violation% increaseAt-fault accident48%Bad credit115%DUI58%Speeding32% Cheapest car insurance in Tampa by age Car insurance for young drivers in Tampa can get expensive – the annual rate for an 18-year-old is $8,717 per year for a full coverage policy. Plan for rates to start to head down at age 25 and back up in your late 60s. See more rates by age in the table below. Annual rates for state minimum and full coverage car insurance in Tampa, by age AgeState minimum coverageFull coverage18$3,772$8,71725$1,413$3,67040$1,192$3,13165$1,080$2,847 Compare auto insurance rates in Tampa by ZIP code Where you live also plays a role in car insurance costs. In Tampa, the cheapest ZIP codes for car insurance are 33647, 33609 and 33617. The most expensive are 33603, 33605, and 33610. See the tables below for the cheapest and most expensive ZIP codes for car insurance in Tampa. Cheapest annual car insurance rates in Tampa, by ZIP code ZIP codeAverage annual rate for full coverage33647$2,96633609$2,99233617$3,01633620$3,01633629$3,04433616$3,05233621$3,052 Most expensive annual car insurance rates in Tampa, by ZIP code ZIP codeAverage annual rate for full coverage33603$3,34333605$3,30033610$3,28133607$3,27233604$3,25633612$3,23533602$3,229 Our recommendations: Car insurance for drivers in Tampa Tampa drivers tend to find the cheapest car insurance with State Farm. But shopping around can help you lock in the most affordable rates for your unique situation. As you explore your options, don’t forget to look at the policy details to confirm you get the coverage you need. While price is an important factor, it shouldn’t be the only factor you consider. Many drivers get the most value out of a full coverage insurance policy with liability limits of 100/300/100. But as you accumulate wealth, consider choosing higher liability limits. Robust coverage can give you the peace of mind you need as you navigate Tampa roads. Resources & Methodology Sources: Best Places “Tampa.” Accessed February 2024. Census Reporter. “Tampa MSA.”Accessed February 2024. Census Bureau “Tampa.” Accessed February 2024. City of Tampa “Rules and Regulations.” Accessed February 2024. Florida Highway Safety and Motor Vehicles. “Insurance Requirements.” Accessed February 2024. Insurance Information Institute. “What determines the price of an auto insurance policy.” Accessed February 2024. Methodology In 2024, Insure.com commissioned Quadrant Information Services to pull rates for a 40-year-old who has a 12-mile commute and drives a 2023 Honda Accord LX 10k miles annually. The hypothetical driver has full coverage, carrying policy limits of 100/300/100 with $500 deductibles for comprehensive and collision coverages. We analyzed 51,088,003 insurance quotes from 167 companies across 34,588 ZIP codes in every state and Washington, D.C. Sarah SharkeyContributing Researcher | . .Sarah Sharkey is a personal finance writer with a master’s degree in management from the Hough School of Business at the University of Florida. She enjoys helping readers find money solutions that work. She has written for numerous personal-finance publications including Money Under 30 and The College Investor. In case you missed it Best Car Insurance Companies of 2024 Car insurance rates by state in 2024 What is full coverage car insurance? How much does car insurance cost for seniors in 2024? A complete guide to adding a teenager to your car insurance policy in 2024 What to do after a car accident that’s not your fault Total warfare: What to do when your auto insurer totals your car Car insurance claims: Who gets the claims check? 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Part 1: How insurance companies spot bogus claims Insurance options for rideshare drivers 10 things that are illegal but shouldn’t be 1/1 On this page How to find the best car insurance in TampaCheapest car insurance company in TampaHow much is car insurance in Tampa per month?How do rates in Tampa compare to other large cities in the U.S.?Here’s what you need to know when driving in TampaAverage cost of car insurance in TampaHow much does car insurance in Tampa cost with violations?Cheapest car insurance in Tampa by ageCompare auto insurance rates in Tampa by ZIP codeCheapest annual car insurance rates in Tampa, by ZIP codeOur recommendations: Car insurance for drivers in TampaResources & Methodology ZIP Code Please enter valid ZIP See rates