Car Insurance in Cape Coral
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Car Insurance in Cape Coral, FL
Located in southwestern Florida, Cape Coral is the state's seventh-largest city, falling just behind Port St. Lucie. Its extensive canals and waterways attract residents seeking a waterfront home with plenty of boating access.
Driving in Cape Coral is a pleasant experience since it doesn't have the congestion of major metropolis cities like Miami. Most shopping centers and businesses have ample parking, so you won't need to pull your wallet out to park your vehicle.
If you're shopping for car insurance in Cape Coral, be aware of Florida's minimum insurance requirements, which include $10,000 in property damage liability and $10,000 in personal injury protection. If you have an auto loan or lease, your financing company may require you to get additional coverage.
You may reduce your car insurance cost in Cape Coral by comparing insurance quotes. To learn more, set up a profile with EverQuote.
How much is car insurance in Cape Coral, FL?
The overall expense of car insurance in Cape Coral largely depends on the coverage options you're interested in. To provide a general idea of what you might pay, below are the average costs for the three most popular types of coverage in the city:
State Minimum
Full 50/100
Full 100/300
Auto Insurance Cost Methodology
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What are the cheapest cars to insure in Cape Coral?
Evaluating and comparing the insurance costs for each possible car make, model, and year within the city can be a complex task. Nevertheless, if you're interested in identifying which recent models generally offer more cost-effective insurance, take a look at these top 10 most budget-friendly car makes and models in Cape Coral:
| Rank | Make and Model | Average Monthly Premium |
|---|---|---|
| 1 | Honda Cr-V | $181 |
| 2 | Subaru Forester | $182 |
| 3 | Honda Odyssey | $194 |
| 4 | Toyota Corolla | $194 |
| 5 | Ford F-150 | $195 |
| 6 | Toyota Rav4 | $200 |
| 7 | Toyota Tacoma | $202 |
| 8 | Chevrolet Silverado | $204 |
| 9 | Kia Sol | $205 |
| 10 | Toyota Tundra | $206 |
| Avg. premiums are weighted by zip code population sizes. Data accurate as of July 1, 2024 | ||
How do claims and violations impact my total cost?
Your driving history plays a critical role in determining your car insurance premiums. Various driving incidents, including minor collisions, major accidents, speeding tickets, DUIs, or hit-and-run occurrences, can affect your insurance rates in the city. Here's a view of how common claims and violations can change your rates in Cape Coral, listed from the least impactful to the most impactful:
| Violation or Claim | Average Monthly Cost | Price Difference |
|---|---|---|
| No Claims or Violations | $200 | - |
| Not at-fault Accident | $215 | +8% |
| Driving with expired registration | $238 | +19% |
| Speeding Ticket | $257 | +29% |
| DUI | $278 | +39% |
| Driving with a suspended license | $291 | +46% |
| At-fault Accident | $297 | +49% |
| Hit and Run | $305 | +53% |
What car insurance discounts can I get in Cape Coral?
In Cape Coral, there are numerous discounts available to help reduce the cost of your insurance. These include bundling policies, paying your entire premium upfront, switching to paperless billing, and securing renewal discounts, among others. Below, you will find a list of these discounts ranked from the greatest to the least in terms of savings potential, offering you a clear view of the opportunities to lower your expenses:
| Potential Discounts | Average Monthly Cost | Monthly Savings |
|---|---|---|
| Multi-Policy Home | $179 | +$21 |
| Paid in Full | $182 | +$18 |
| Low Mileage | $190 | +$10 |
| Multi-Policy Renters | $192 | +$8 |
| Renewal discount | $195 | +$5 |
| Paperless | $197 | +$3 |
| Electronic Funds Transfer | $197 | +$3 |
| None | $200 | - |
Premiums are sourced from over 30,000 zip codes across 200 insurance companies. We estimate premiums based on public filings for policies seeking 50/100 in liability with $500 deductibles for collision and comprehensive coverage. Estimated rates are based on a 35-year-old single female with a good credit score and no history of accidents or violations driving a 2023 Toyota RAV4 LE. We partner with Quadrant Information Services to source our data and assume no unique benefits or discounts are applied for these rates (unless otherwise stated). Your own rates may be different.