Cape Coral, FL Car Insurance

Residents of Cape Coral pay around $104 monthly for their car insurance coverage. Check out our guide below to find out how much you'll pay.
How does Cape Coral compare to the surrounding area and the rest of Florida? What should residents of Cape Coral expect to pay for their car insurance? You can see the cost breakdowns and contributing factors in the charts and writeups below:  

How much is car insurance in Cape Coral?

Area Average Monthly Car Insurance Premium
Cape Coral$104
FL$123
United States$81

Car insurance coverage in Cape Coral is about $19 cheaper than it is in the rest of Florida.

On the other hand, the expected monthly payments for an auto insurance policy in Cape Coral are above the national average. You can expect to pay about $23 more for your policy in Cape Coral.

Bear in mind that while these are the average car insurance rates for Cape Coral, you could end up paying something different. Insurance companies weigh a variety of factors when determining how much to charge you to get auto insurance. The bill you'll see each month is calculated based on things like age, gender, vehicle make and model, driving record, and in some cases, credit score.

But don't worry, we've broken down the average rates for Cape Coral residents based on several different factors so that you can get a more accurate idea of what you might pay. If you think you might be overpaying for insurance in your area, enter your ZIP below and find out!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$137
25-34$108
35-44$105
45-54$91
55-64$81
65+$82

More time behind the wheel makes you a more experienced driver. That experience can really work in your favor when it comes to auto insurance. In this case, 18-24-year-olds pay $55 more than someone who is at retirement age.

You can expect to see a decrease in your monthly premium drop about once a decade or so. Cape Coral drivers may see their rates begin to go back up once they hit retirement.

Average Car Insurance Rates by Gender

Gender Average
Male$98
Female$110

Although women typically pay less than men do for car insurance, this is not the case in Cape Coral, where female drivers pay around $110 per month while male drivers pay about $98.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$127
Multiple Accidents$163
1 Ticket$114
Multiple Tickets$152

Your rates can change quite drastically depending on your driving record. A clean driving record will get you a lower rate than one with even just a single accident or infraction. Drivers in Cape Coral with a single accident will pay around $127 a month. In addition, drivers with a single ticket on their record can expect to pay around $114 a month on average.

Regardless of where you live, accidents, tickets, and other driving infractions can drive your monthly bill way up. Remember, the safer you are as a driver, the cheaper your car insurance will be.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$93
2-3 Years$97
4-5 Years$95
6-7 Years$105
8-10 Years$111
11-14 Years$112
15 Years or Older$96

If you look at the first table above, you'll see that trucks and vans are usually the cheapest vehicles to insure in Cape Coral, with drivers paying around $86 per month to insure their vehicle.

Car owners, on the other hand, typically pay around $105 a month, while SUV drivers can expect to pay about $111 per month for insurance coverage.

Your vehicle's age has an impact on the cost of your policy as well. Generally, newer vehicles are going to cost the most to insure. However, once your car is a few years old, you might start to see your rates slide back down slightly. The most expensive vehicles to insure in Cape Coral are vehicles eleven-to-fourteen years old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$107
Married$99
Divorced$92
Widowed$113

Generally speaking, those who are currently married will pay slightly less for insurance coverage. This occurs because insurance companies commonly award special discounts to policyholders with multiple vehicles that are on the same policy.

The difference in rates based on relationship status in Cape Coral is about $8 a month, with married couples paying less for coverage than single drivers.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$90
Rent$112
Live with parents$111

One other element taken into consideration is your housing status. Renters can expect to pay around $22 a month more than drivers who own property in Cape Coral. Those who live with their parents, however, can expect to pay a lot more.

That being said, many companies will offer you a discount if you bundle your homeowners or rental insurance policy with your auto insurance.

Car Insurance Companies in Cape Coral, FL

Recent trends in car insurance for Cape Coral drivers

Since car insurance rates are constantly changing, it's a good idea to know the local trends in your area before selecting an auto insurance policy.

Auto insurance rates in Cape Coral decreased from 2017-2019, before increasing from 2020-2021. They finished down in 2022 at $90.

How does Cape Coral compare to neighboring areas?

Why are car insurance rates in Cape Coral different from other areas?

There are a variety of factors car insurance companies take into consideration when deciding how much to charge for coverage. While we already mentioned the ones that affect your personal policy, others are influenced by where you live. These include things like:

  • Local laws
  • Road Safety (frequency of car accidents)
  • Crime
  • Amount of drivers in the community
  • Access to off-street parking

Knowing the make-up of these factors can be helpful when deciding on purchasing a new policy or thinking about making a move. Different cities and towns will each have different rates, so guides like these are a handy way to get started.

How can I find the cheapest car insurance in Cape Coral?

In the end, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies. Understanding what the average costs are for drivers prior to seeking out a quote can help you understand how closely the quote reflects local trends.

Don't worry, Compare.com does all of that work for you. Just punch in your ZIP Code below, answer a few questions regarding the factors mentioned above, and you'll be comparing the cheapest quotes from numerous car insurance companies offering coverage in Cape Coral.

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Cape Coral Insurance FAQs

What factors affect car insurance quotes in Cape Coral?

The factors that car insurance companies take into account when calculating your monthly cost include things you can't control like your age and gender, but also factors like your driving record, credit score, address and marital status, as well as your vehicle's year and make and model.

Why is the cost of car insurance in Cape Coral different from other neighboring cities?

Your address and the city you live in have a significant impact on how much a car insurance company might charge for your policy. Companies take into consideration things like parking situations, local laws, and crime rates when calculating your quote -- all of which can change from city to city.

Which car insurance company will offer me the cheapest rate in Cape Coral?

Since the factors that car insurance companies take into consideration when calculating the rate you might pay differ from person to person, there is no one insurance company that will offer the cheapest rate to everybody. Things like your driving record, the number of drivers on the policy, and vehicle make and model, plus a number of others, are all taken into account. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once.

Do I need to change my insurance if I move to Cape Coral?

Any major life event, whether it be moving to a new area, finding a new job, getting married, or any other notable event always presents a good opportunity to re-evaluate your current insurance policy. Regardless of your previous rate, there may be cheaper options in your new location, so it's a good idea to use services like Compare.com to compare quotes from dozens of companies side-by-side.

Do I need to wait for my policy to expire to switch to a different car insurance company?

Not at all, in fact you can switch companies at any point, regardless of how much time is left on your current policy. If you're thinking about moving to Cape Coral or haven't checked out the latest rates in your area for some time, it might be worth your while to take 10 minutes and see if Compare.com can save you any cash.

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