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How much is car insurance in Tampa?
|Area||Average Monthly Car Insurance Premium|
Looking at the chart above, you can see that it is around $49 a month more expensive to insure your vehicle in Tampa than it is in the rest of Florida.
If you're considering relocating to Tampa from out of state, you may want to budget a little extra for your insurance. It's about $92 more expensive than the national average to insure your vehicle in Tampa.
These rates provide a great starting point for understanding what to expect for your monthly payment, but there's no guarantee that this is what you will end up paying. There are a variety of factors that car insurance companies consider to determine how much to charge you to get your vehicle insured. 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.
We've broken down the average rates for Tampa to help you understand what exactly you might be asked to pay. If you think you might be overpaying for insurance in your area, enter your ZIP below and find out!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
The older you are, the more experience you're likely to have behind the wheel, right? That experience can lead to some serious savings when it comes to auto insurance premiums. In this case, 18-24-year-olds pay $108 more than drivers 65 and older.
You can expect to see your monthly premium drop every 10 years or so. As you get closer to retirement, however, you may see your rates rise again in Tampa.
Average Car Insurance Rates by Gender
Although women typically pay less than men do to insure their car, this is not the case in Tampa, where female drivers pay around $179 per month while male drivers pay about $166.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Depending on your driving record, your rates can vary quite a lot. Drivers who avoid accidents and tickets will pay lower rates than those with infractions. In Tampa, drivers with one accident on their record will experience rates around $205 a month. Similarly, if you have one ticket on your record, you will be looking at an average rate of around $228.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$160|
|15 Years or Older||$174|
According to the first table above, SUVs are typically the cheapest vehicles to insure in Tampa, with drivers paying around $162 per month for insurance.
Car owners can expect to pay an average of around $176 a month for their policy, while truck and van drivers are usually around $163 to insure each month.
You may also see different rates based on the age of your vehicle. Overall, newer vehicles are going to be the most expensive to insure. However, if your car is a few years old, you can expect to see your rates start dropping back down. In Tampa, vehicles eight-to-ten years old are the most expensive to insure.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$174|
More often than not, those who are currently married will pay slightly less to insure their vehicle. This occurs because insurance companies commonly offer special discounts to policyholders with multiple vehicles that are on the same policy.
While married drivers normally pay less than single drivers, in Tampa both groups pay about the same rate.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$233|
Your housing situation is another factor that affects your monthly rate. Renters can expect to pay around $31 a month more than those who own their own home in Tampa. But if you live with your parents, you can expect to pay a lot more.
If you bundle your home or rental insurance and auto insurance policies, you can oftentimes reduce your average costs, depending on your insurance company.
Car Insurance Companies in Tampa, FL
Recent trends in car insurance for Tampa drivers
The average rates for car insurance are constantly changing, so it's a good idea to know the recent trends in your area before picking an insurance policy.
In Tampa, the rates for auto insurance increased from 2016-2017, when they reached a high of $218. This shifted in 2018, when insurance rates began to decrease. They hit a low of $148 in 2019, and finished down in 2021, at $155 a month.
How does Tampa compare to neighboring areas?
Why are car insurance rates in Tampa different from other areas?
There are numerous factors car insurance companies take into consideration when deciding how much to charge for a monthly rate. A few of these factors affecting your personal policy have already been mentioned, but others are based around where you park your car. These include things like:
- Availability of off-street parking
- Number of drivers in the area
- Rate of car accidents
- Prevalence of crime
It's good to be aware of these factors (even though you may not be able to do much to change them) as you shop for a new policy or consider making a move. Different cities and towns will each have different rates, so guides like these are a handy way to learn more.
How can I find the cheapest car insurance in Tampa?
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.
Fortunately, Compare.com does all of that work for you. Simply enter your ZIP Code below, answer a few questions on you and your vehicle, and you'll be comparing the cheapest quotes from many of the car insurance companies that offer auto coverage in Tampa.
Tampa Insurance FAQs
What factors affect car insurance quotes in Tampa?
Car insurance companies calculate quotes based on a wide array of factors. These include things like your age and gender, but also factors like your address, credit score, driving record and marital status, as well as your vehicle's year and make and model.
Why is the cost of car insurance in Tampa different from other neighboring cities?
Things like parking situations, crime rates, and local laws, which are dependent on your address and area you live in, can significantly affect the cost of insurance relative to other cities.
Which car insurance company will offer me the cheapest rate in Tampa?
No one insurance company is guaranteed to offer the cheapest rate across the board. Since companies base their rates on factors that differ from person to person, such as driving record, number of drivers on the policy, vehicle make and model, and many more, 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 Tampa?
Any time you experience a major life event, whether it's moving to a new area, getting married, finding a new job, or other notable events, it's always a good idea to re-evaluate your current insurance. Certain companies offer cheaper insurance in certain cities, so even if you were getting the cheapest rate at your old address, it doesn't mean it'll still be the cheapest at your new home. That's why it's always good 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?
No. Regardless of how much time is left on your current policy, you can switch companies at any time. So, whether you're considering moving to Tampa or just curious if you're getting the best rates, why not take 10 minutes and see if Compare.com can save you some extra cash?