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Mandy Sleight has over 15 years of insurance knowledge and expertise in auto, home, life, health, pet, supplemental benefits, and other insurance products. She’s a sought-after insurance expert, appearing in Bankrate.com, Moneygeek.com, U.S. News & World Report, Reviews.com, CNET, and other publications, and she's been writing for Compare.com since 2023.
Mandy uses her background and experience working for well-known insurance companies like State Farm and Nationwide Insurance to create engaging and easy-to-understand content that helps readers make smarter insurance choices that have a positive effect on their budgets and finances.
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Lequita Westbrooks is an insurance editor at Compare.com. Her writing and editing experiences span several industries, including insurance, personal finance, higher education, and more. She excels at explaining complex topics like auto insurance in simple, easy-to-understand language and is passionate about helping readers save money. Lequita graduated from the University of South Florida, where she earned her Bachelor’s degree in English.
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Monthly car insurance costs in Cape Coral average $176 — slightly less than the Florida average but still higher than the national average. Thanks to its large retiree population, low vehicle theft rates, and a reputation as a safe city for drivers, rates here are often cheaper than in other parts of the state.[1] [2]
Still, many drivers pay less than the citywide average with companies like State Farm, Mile Auto, and GEICO, with average liability rates as low as $91.
Ahead, we’ll break down the cheapest insurers for different driver types, how to choose the right insurance company, and ways to save on your premiums.
The cheapest auto insurance company in Cape Coral is State Farm, averaging $91 per month.
Cape Coral drivers pay $145 per month for liability coverage and $206 for full coverage.
Florida drivers must have at least $10,000 in personal injury protection (PIP) and property damage liability (PDL) to drive legally.[3]
Even though average rates are lower in Cape Coral, you can still find ways to save on your auto insurance. Shopping around and checking for discounts can help ensure you’re getting the best insurance coverage at the cheapest price.
Check out the table below for Cape Coral’s five cheapest car insurance companies, according to Compare.com data.
Company  | Average Monthly Premium |
|---|---|
| State Farm | $91 |
| Mile Auto | $113 |
| GEICO | $135 |
| Direct Auto | $147 |
| Allstate | $158 |
| Mercury | $158 |
| Progressive | $160 |
| Infinity | $186 |
| Travelers | $187 |
| Bristol West | $195 |
| Root | $199 |
| The General | $210 |
| GAINSCO | $215 |
| National General | $215 |
| Dairyland | $280 |
| AssuranceAmerica | $308 |
| Liberty Mutual | $386 |
State Farm is the cheapest auto insurer in Cape Coral, with average rates of $91 per month.
Insurance companies calculate car insurance differently and base your premiums on many factors. In the sections below, we explore the cheapest options for various driver profiles and policy types.
Get personalized quotes from top insurers and save money today.
While the above companies offer some of the lowest average rates in Cape Coral, your actual premium can vary based on factors like your age, driving history, ZIP code, and coverage needs.
The table below highlights the cheapest insurers for a range of driver profiles and coverage types, according to our data.
Driver/Coverage Type | Cheapest Insurer | Insurer’s Average Monthly Premium |
|---|---|---|
| State-minimum coverage | State Farm | $91 |
| Full coverage | State Farm | $97 |
| Teens | State Farm | $169 |
| Seniors | State Farm | $73 |
| Drivers with a speeding ticket | State Farm | $117 |
| Drivers with an at-fault accident | State Farm | $114 |
| Drivers with a DUI | State Farm | $128 |
| Drivers with excellent credit | State Farm | $78 |
| Drivers with poor credit | State Farm | $129 |
We’ve also included detailed breakdowns for each driver and policy type in the sections that follow.
State-minimum coverage averages $145 per month in Cape Coral, according to our data. But most experts recommend buying more coverage than the minimum requirements to avoid potentially large out-of-pocket costs after an accident.
But if you only need liability-only coverage, the following insurers offer the cheapest average rates in Cape Coral, according to Compare.com data.
Most drivers should consider full coverage. Florida requires only $10,000 in property damage, which won’t go far if someone totals your vehicle. Full coverage — which usually includes liability, comprehensive, and collision coverage — can help you pay for damage to your car, no matter who’s at fault. Lenders also require full coverage if you lease or finance your vehicle.
Full-coverage insurance policies in Cape Coral average $206 per month, but some insurers offer it for close to what you’d pay for liability insurance.
The chart below shows the five cheapest insurance companies in Cape Coral for full coverage, according to Compare.com data.
Despite being a small part of the Cape Coral population, teens pay the most for car insurance. Inexperience, speeding, driving during peak times, and distracted driving contribute to high fatal crash rates among teens. In fact, teens ages 16 to 19 have a fatal crash rate nearly three times as high as drivers aged 20 and older.[4]
We estimate the cost of car insurance for Cape Coral teens at $303 per month. But it’s still possible for young drivers to find a good deal on auto insurance, especially if you complete a driver training course.
Here are the five cheapest car insurers in Cape Coral for teens, according to Compare.com data.
Seniors usually drive less, have years of experience, and tend to practice safer driving habits, which helps them get the lowest car insurance rates of any age group. In Cape Coral, older drivers pay around $155 per month.
Still, there may be room for more savings in your budget if you compare quotes from the five cheapest insurers in the Cape for seniors, according to Compare.com data.
Insurers use your driving history to determine your risk of filing a claim when calculating your personal rate. Even minor driving violations, like a speeding ticket, can cause your rates to go up the next time your policy renews. Our research shows that a single speeding ticket causes average rates to increase by 37% nationwide.
Cape Coral drivers with a recent ticket pay around $236 per month for car insurance, but several insurers usually offer lower rates.
The chart below shows the five cheapest insurers in Cape Coral for people with a recent ticket, according to Compare.com data.
Your rates could jump even higher if you cause an accident. A single at-fault accident causes a national average premium increase of 41%, according to our research.
The average monthly cost of car insurance in Cape Coral with a recent accident is $218, but you can often find a better deal with one of the five insurers in the chart below.
Expect to be put in a completely different cost category if you get a DUI conviction — it’s the most severe violation you can receive. Our research shows premiums rise by about 61% nationwide after a DUI conviction.
Drivers with a DUI in Cape Coral pay around $229 per month for car insurance. But that doesn’t mean you’re stuck paying sky-high rates.
Check out the chart below for the five cheapest insurers in Cape Coral after a DUI, according to Compare.com data.
Many insurance companies use credit history when calculating car insurance rates. Studies have shown a correlation between lower credit scores and a higher likelihood of filing claims.[5] Our research shows that drivers with poor credit pay, on average, 20% more for auto insurance than those with excellent credit scores.
The average monthly rate for drivers with poor credit in Cape Coral is $221, according to our data. But not all insurers use credit, and several usually offer cheaper rates, regardless of your credit history.
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Like nearly every state, Florida requires all drivers to have car insurance. Despite the state’s high rate of personal injury lawsuits and insurance fraud — major contributing factors for Florida’s high insurance rates — it doesn’t require drivers to have a lot of coverage.[6]
$10,000 in personal injury protection (PIP)
$10,000 in property damage liability (PDL)
Florida requires all registered vehicles to have continuous auto coverage, even if no one is driving them or they’re inoperable. You must also have active coverage regardless of where your vehicle is. Failing to do so can lead to the suspension of your driving privileges and license plate.
Florida’s low PIP and PDL coverage requirements likely won’t be able to fully cover damages if you get into a serious accident. Keep in mind that PIP only covers 80% of your and your passengers’ medical expenses. And if you finance or lease your vehicle, lenders will require you to have comprehensive and collision coverage.
Though Lee County’s uninsured motorist rate is lower than the rest of the Sunshine State, you may want to consider adding uninsured motorist coverage to your policy to minimize the risk to your wallet.[7] You don’t want to be stuck paying for damages out of pocket if someone else hits your vehicle and doesn’t have insurance or enough liability coverage to pay for your damages.
Find the coverage you need for the best price in Cape Coral.
We answered common questions people ask about getting auto insurance in Cape Coral.
Car insurance averages $176 per month in Cape Coral, according to Compare.com data. Drivers pay an average of $145 for liability coverage and $206 for full coverage.
State Farm has the cheapest auto insurance in Cape Coral, with average rates of $91 per month, according to Compare.com data.
It depends on multiple factors, including your address, driving record, age, insurance needs, and more. Cape Coral drivers pay around $176 per month for car insurance, according to Compare.com data. For context, the state average is $180.
State Farm has some of the cheapest car insurance in Florida, averaging $103 per month for liability coverage and $112 for full coverage, according to Compare.com data.
Data scientists at Compare.com analyzed more than 50 million real-time auto insurance quotes from more than 75 partner insurers in order to compile the rates and statistics seen in this article. Compare.com’s auto insurance data includes coverage analysis and details on drivers’ vehicles, driving records, insurance histories, and demographic information.
All the rates listed in this article have been collected from a combination of real Compare.com quotes and external insurance rate data gathered in collaboration with Quadrant Information Services. Compare.com uses these observations to provide readers with insights into how auto insurance companies determine their premiums.
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Compare.com's #1 goal is to save you money. We publish resources that are based on hard-hitting data and years of industry experience to help you make more informed decisions with your wallet.
Learn more about us, our team, and what makes us tick.
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Mandy Sleight has over 15 years of insurance knowledge and expertise in auto, home, life, health, pet, supplemental benefits, and other insurance products. She’s a sought-after insurance expert, appearing in Bankrate.com, Moneygeek.com, U.S. News & World Report, Reviews.com, CNET, and other publications, and she's been writing for Compare.com since 2023.
Mandy uses her background and experience working for well-known insurance companies like State Farm and Nationwide Insurance to create engaging and easy-to-understand content that helps readers make smarter insurance choices that have a positive effect on their budgets and finances.
Lequita Westbrooks is an insurance editor at Compare.com. Her writing and editing experiences span several industries, including insurance, personal finance, higher education, and more. She excels at explaining complex topics like auto insurance in simple, easy-to-understand language and is passionate about helping readers save money. Lequita graduated from the University of South Florida, where she earned her Bachelor’s degree in English.
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