Compare Cape Coral, FL Car Insurance Rates (2021)

The cheapest Cape Coral, FL car insurance is from GEICO, although rates vary by driver. Auto insurance in Cape Coral, FL must meet the state minimum requirement of $10,000 in personal injury protection and $10,000 in property damage liability. However, unlike most states, Florida drivers don’t have to carry bodily injury coverage. Compare quotes below to find the cheapest Cape Coral, FL car insurance rates near you.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Founder & CFP®

UPDATED: Mar 23, 2021

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Here's what you need to know...

  • GEICO is the cheapest car insurance company in Cape Coral, FL
  • Florida ranks number one in the U.S. for having the most uninsured drivers
  • You aren’t required to carry bodily injury coverage in Cape Coral, but if you do, you have to carry $10,000 for one person and $20,000 for two or more people

Cape Coral, FL car insurance is expensive. Rates fall between the state and national averages, and Florida car insurance rates are well above the national average.

To find the most affordable Cape Coral, FL car insurance, shop around and compare quotes from multiple companies.

Enter your ZIP code now to compare Cape Coral, CL car insurance rates.

What is the cheapest car insurance company in Cape Coral, FL?

GEICO is the cheapest car insurance company in Cape Coral, FL that offers coverage to all drivers. USAA is actually the cheapest overall, but it only offers insurance to members of the military, veterans, and their families.

The top-ranking Cape Coral, FL car insurance companies listed from least to most expensive are:

  • USAA – $2,437.89
  • GEICO – $3,151.97
  • State Farm – $3,177.35
  • Nationwide – $3,675.61
  • Liberty Mutual – $4,603.77
  • Progressive – $5,188.11
  • Allstate – $6,110.16

There are many factors that affect your auto insurance rates, including age, gender, marital status, driving record, and credit history.

Where you live is also a big factor in your rates. If you live in or near a big city, you will pay higher rates. For example, in another larger city, car insurance in Tallahassee, FL  is similar to Cape Coral when it comes to rates.

Another reason that car insurance in Cape Coral is so high is that Florida ranks number one in the U.S. for the number of uninsured drivers. Auto insurance companies in Florida raise rates to compensate.

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What car insurance coverage is required in Cape Coral, FL?

Most states require that drivers carry at least a minimum amount of auto insurance. Florida is no different.

The minimum amount of auto insurance required in Cape Coral, Florida is:

  • $10,000 in personal injury protection (PIP) coverage
  • $10,000 for property damage liability (PDL)

What’s unusual is that Florida doesn’t require you to carry bodily injury coverage. That’s because Florida is a no-fault state. This means that if you are in an accident, your auto insurance pays for damages and injuries, regardless of who is at fault.

If you do decide to carry bodily injury, you must carry $10,000 for one person and $20,000 for two or more people.

What affects car insurance rates in Cape Coral, FL?

Traffic can also affect your car insurance rates. More traffic equals a greater chance of an accident.

Although INRIX doesn’t list information for Cape Coral, Nearby For Myers, FL ranks as the 71st most congested city in the United States. Cape Coral shares that traffic volume.

Even though there is a lot of traffic, City-Data reports that commute time is only around 15 minutes in Cape Coral. Although most drivers prefer to make their commute alone, about 10 percent carpool.

Auto theft also raises car insurance rates. According to the FBI, there were only 170 motor vehicle thefts in Cape Coral, FL, and there were 226 in nearby Fort Myers in one year.

Cape Coral, FL Car Insurance: The Bottom Line

Cape Coral auto insurance is expensive for many different reasons, such as the high number of uninsured motorists and low coverage amounts required.

Before you buy Cape Coral, FL car insurance, compare rates from multiple companies to find the best coverage at the lowest price.

Enter your ZIP code now to compare Cape Coral, Fl car insurance quotes today.

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