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Tampa ZIP code 33607 is the most expensive place in the Tampa area for Florida car insurance, $625 more than the cost of the cheapest, according to our rate analysis of six major car insurance companies.
Comparison shopping is critical to finding the best rates regardless of where you live because no two insurance companies will price a policy at the same amount. The wide range in rates from different insurers for the same driver in the same car in the same ZIP code shows why it's prudent to compare car insurance companies. For example, the highest rate from any carrier for ZIP 33603 in our analysis was $4,512 -- over $3,000 more more than the lowest ($1,464).That means the savings could be hundreds or even thousands of dollars for those who shop around.
To see how Tampa car insurance rates compare, use our average rates tool below. Enter a ZIP code and it will show the average rate, as well as the highest and lowest, for your location.
CarInsurance.com commissioned Quadrant Information Services to provide a report of average auto insurance rates for a 2016 Honda Accord for nearly every ZIP code in the United States. We calculated rates using data for up to six large carriers (Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm).
Averages for the default result are based on insurance for a married 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/100 ($100,000 for injury liability for one person, $300,000 for all injuries and $100,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage. The rate includes uninsured motorist coverage.
Averages for customized rates are based on drivers ages 20, 30, 40, 50, 60 and 70 for the following coverage levels: state minimum liability, liability of 50/100/50 and 100/300/100 with $500 deductible on comprehensive and collision. These hypothetical drivers have clean records and good credit. Average rates are for comparative purposes.
Your own rate will depend on your personal factors and vehicle.
State Minimum:
Required liability coverage to drive legally in your state; some states mandate additional coverage, such as personal injury protection, uninsured motorist, underinsured motorist.
Liability Only 50/100/50:
$50,000 per person/$100,000 maximum per accident for bodily injury; $50,000 for property damage. Liability pays for injuries/damage you cause others.
Full Coverage 100/300/100:
$100,000 per person/$300,000 maximum per accident for bodily injury; $100,000 for property damage; comprehensive and collision coverage with $500 deductible. Liability pays for injuries/damage you cause others. Comprehensive and collision pay for damage to your car.
33135- CORAL GABLES: $3,31033125- MIAMI: $3,27533136- MIAMI: $3,27533147- BROWNSVILLE: $3,27532693- FANNING SPRINGS: $1,44332459- MIRAMAR BEACH: $1,44732439- FREEPORT: $1,45032435- DE FUNIAK SPRINGS: $1,450You’ll see in the chart below the top 10 most expensive ZIP codes for car insurance in Tampa, and how much you can overpay if you don’t compare rates.
| Zipcode | Average annual rate | Highest rate | Lowest rate |
|---|---|---|---|
| 33607 | $2,591 | $4,512 | $1,464 |
| 33603 | $2,584 | $4,443 | $1,464 |
| 33615 | $2,561 | $4,362 | $1,464 |
| 33634 | $2,561 | $4,362 | $1,464 |
| 33602 | $2,548 | $4,512 | $1,464 |
| 33605 | $2,534 | $4,443 | $1,464 |
| 33604 | $2,512 | $4,443 | $1,464 |
| 33637 | $2,346 | $3,930 | $1,464 |
| 33633 | $2,214 | $3,470 | $1,464 |
*Methodology for rates by ZIP code:
CarInsurance.com commissioned Quadrant Information Services to run auto insurance rates for a 2016 Honda Accord for more than 30,000 ZIP codes in the United States using six large carriers -- Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm. (In cases where an insurer’s rate wasn’t available, another major carrier's rate was substituted.) Averages are based on insurance for a single 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/100 ($100,000 for injury liability for one person, $300,000 for all injuries and $100,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage. This hypothetical driver has a clean record and good credit. The rate includes uninsured motorist coverage. Average rates are for comparative purposes. Your own rate will depend on your personal factors and vehicle.
Here's how Tampa’s highest average rate ($2,591) for ZIP code 33607 compares to others, for full coverage:
Tampa car insurance requirements | |
|---|---|
| Florida state law requires the following minimum car insurance coverage: | |
| Minimum bodily injury liability | $10,000 |
| Minimum property damage liability | $10,000 |
| *Bodily injury liability not required by state; many carriers require $10,000/$20,000 | |
If you want just enough coverage to be legal on the road, buy the lowest amount of liability insurance your insurer offers. That’s the cheapest policy you can buy. Florida car insurance laws mandate that you must have a car insurance policy covering $10,000 in property damage liability and $10,000 in personal injury protection (PIP):
Florida car insurance laws don’t stipulate that you carry bodily injury liability insurance, which pays for injuries others get from an accident you cause. However, many car insurance companies do require it to be part of any policy they sell in the state. That’s because Florida is a no-fault state. Treatment for any injuries you suffer is covered by your personal injury protection, up to its limit. This is regardless of who caused the accident. If bills exceed that limit, the at-fault driver is legally personally responsible unless he or she has bought bodily injury liability coverage.
If you buy bodily injury liability coverage, the smallest amount you can buy is $10,000 per person (up to $20,000 per accident).
The state average rate for a year of minimum coverage (with bodily injury amounts most insurers require) is $884, according to our rate analysis.
Increasing your insurance from the Florida state minimum to full coverage (100,000/300,000/100,00) with a $500 deductible costs, on average, $939 more, or $78 a month, according to our rate analysis. If you chose to even just boost your protection to limits of 50/100/50, you'd pay less than $50 a year more.
You'll see in the chart below how major insurers rank on price for full coverage in Tampa.
| Company | State minimum |
|---|---|
| Geico | $548 |
| Progressive | $645 |
| State Farm | $996 |
| 21st Century | $1,634 |
| Allstate | $1,695 |
| Company | 50/100/50 |
| Progressive | $736 |
| Geico | $748 |
| State Farm | $1,236 |
| 21st Century | $1,315 |
| Allstate | $1,894 |
| Company | 100/300/100 |
| Geico | $1,464 |
| Progressive | $1,748 |
| State Farm | $2,058 |
| 21st Century | $2,392 |
| Allstate | $3,571 |
Even a minor accident can put your savings and home in jeopardy if you have just the state required minimum of insurance. To protect your assets, you should buy liability insurance in the following amounts:
You should also consider buying these optional coverages:
Comprehensive insurance and collision coverage are advised unless you have a very old car that’s of little value. That’s because these coverages pay out only up to the actual cash value of your car. In Florida, comprehensive costs $107 and collision costs $242, on average per year, for drivers, according to the Insurance Information Institute. Unlike liability insurance, these optional coverages come with a deductible. That’s the amount you pay before your insurance company pays. Typical deductibles amounts are $1,000, $500 and $250 – you choose which one you want. The higher the deductible is, the lower your rate will be.
Traffic in Tampa: As with most major cities, traffic can be congested, especially during rush hour, but Tampa did not make a list of the worst U.S. cities for traffic recently reported by USA Today.
Car Crashes: Major accidents have resulted in an average of 40 deaths a year in recent years (2012-2014).
Commuting: The average commute in Tampa lasts 21.3 minutes.
Public transportation: The U.S. Census Bureau says that the majority of riders in Tampa who commute to work by public transportation are white (about 16 percent), Hispanic (about 67 percent) and black (about 10 percent). The bureau notes that commuting is the main reason people turn to mass transit.
High Occupancy Vehicle rules: The HOV lane, also known as the carpool or diamond lane, is designed to reduce traffic congestion and promote ride-sharing on freeways. In Florida, only vehicles with at least two people, mass transit vehicles like buses, and motorcycles are allowed to use the lanes. The lanes may be restricted during specified hours.
Bad drives: Fowler, Fletcher, Waters and Hillsborough avenues are considered some of the most dangerous roads in the Tampa area, according to a report from the Tampa Bay Times.
The information was gathered from various sources, including the U.S. Census Bureau, the National Highway Traffic Safety Administration, Texas A&M Transportation Institute, the Insurance Institute for Highway Safety, state transportation departments and city police departments.
