Do you need a fast way to compare lower-priced auto insurance rates in Cape Coral, FL? Trying to come up with a payment for pricey auto insurance can bottom out your budget and force you to prioritize other expenses. Getting a rate comparison can be a smart way to ensure you are getting the best deal.

Surprisingly, a recent survey revealed that a large majority of drivers kept buying from the same company for more than four years, and 38% of drivers have never even compared rates from other companies. U.S. insurance shoppers could save nearly $860 every year by just comparing rate quotes, but most tend to underestimate the amount of money they would save if they moved their coverage to a different company.

Having so many choices of insurance companies, it is hard for the average consumer to choose the right insurance company.

Smart consumers take time to get comparison quotes before your next renewal due to the fact that insurance prices fluctuate regularly. Just because you found the lowest quotes on auto insurance a year ago you will most likely find a better rate today. You'll find a ton of advice on auto insurance on the web, but in this article, you're going to get some of the best techniques to lower your auto insurance rates in Cape Coral.

When quoting insurance, remember that comparing a wide range of rates will enable you to find more affordable insurance. Not every company allows you to get rate quotes online, so it's important to also get price estimates from the smaller companies as well.

The companies shown below are ready to provide free rate quotes in Cape Coral, FL. If multiple providers are shown, we suggest you visit two to three different companies to get a more complete price comparison.

Insurance Rates for Popular Vehicles in Cape Coral
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Silverado LT Crew Cab 2WD $1,454 $727 $121
Dodge Grand Caravan SXT $1,348 $674 $112
Dodge Ram Crew Cab TRX 2WD $1,208 $604 $101
Ford Escape Limited 4WD $1,162 $581 $97
Ford F-150 SVT Raptor Super Cab 4WD $1,132 $566 $94
Ford Focus SES 4-Dr Sedan $1,266 $633 $106
Honda Accord EX-L 2-Dr Coupe $1,510 $755 $126
Honda CR-V EX-L 2WD $842 $421 $70
Honda Civic LX-S 4-Dr Sedan $1,308 $654 $109
Hyundai Sonata Limited 4-Dr Sedan $1,456 $728 $121
Jeep Wrangler Unlimited Sahara 2WD 4-Dr $1,574 $787 $131
Kia Optima SX $1,414 $707 $118
Mazda 3 S Sport 4-Dr Hatchback $1,728 $864 $144
Nissan Altima 2.5 S 2-Dr Coupe $1,632 $816 $136
Toyota Camry LE $1,108 $554 $92
Toyota Corolla LE $1,344 $672 $112
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Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Table data does not factor in zip code location which can affect coverage prices greatly.

Policy deductible comparison

When shopping for car insurance, a common question is where to set your physical damage deductibles. The comparison tables below summarize the price difference between high and low physical damage deductibles. The first rate comparisons uses a $100 deductible for comp and collision and the second price grid uses a $500 deductible.

Kia Optima rates are for example purposes only. To get rates for your specific vehicle, click here.

Kia Optima insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $358 $648 $472 $28 $142 $1,673 $139
Optima EX $406 $764 $472 $28 $142 $1,837 $153
Optima SX $406 $764 $472 $28 $142 $1,837 $153
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Kia Optima insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $262 $438 $472 $28 $142 $1,342 $112
Optima EX $296 $516 $472 $28 $142 $1,454 $121
Optima SX $296 $516 $472 $28 $142 $1,454 $121
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Rate quotes do not factor in your specific Cape Coral location which can modify premium rates greatly.

Based on the above data, using a $100 deductible will cost you about $30 more each month or $360 every year than choosing the higher $500 deductible. Since you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you go more than 13 months between claim filings, you would save money if you choose a higher deductible. Here is an example of how you can do this calculation yourself.

Average monthly premium for $100 deductibles: $148
Average monthly premium for $500 deductibles (subtract): - $118
Monthly savings from raising deductible: $30
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $30
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

Cut your auto insurance rates with discounts

Some insurers don't always publicize all possible discounts in a way that's easy to find, so the list below details some of the best known as well as the least known savings tricks you should be using when you buy Cape Coral car insurance online.Save money with discounts

Discounts reduce rates, but you should keep in mind that some credits don't apply to the overall cost of the policy. Most only reduce specific coverage prices like comp or med pay. Even though it may seem like all the discounts add up to a free policy, nobody gets a free ride.

Car insurance companies that have these benefits include:

Double check with every prospective company which discounts you may be entitled to. Some discounts might not be offered on policies in Cape Coral.

Why you need to buy insurance

Despite the potentially high cost of insurance, insuring your vehicle is required by state law in Florida and it also provides benefits you may not be aware of.

The benefits of having insurance greatly outweigh the cost, particularly for liability claims. The average driver in Florida is overpaying over $869 every year so compare rates at least once a year to ensure rates are inline.

Insurance can be complex

When it comes to choosing proper insurance coverage for your personal vehicles, there really isn't a one-size-fits-all type of policy. Everyone's situation is unique so this has to be addressed.Safe vehicles cost less to insure Here are some questions about coverages that can help discover if your insurance needs might need professional guidance.

If you're not sure about those questions but you know they apply to you then you might want to talk to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies.

Insurance is available from local agents

A small number of people would rather have an agent's advice and that is just fine! The biggest benefit of comparing insurance prices online is that you can find better rates and also buy local. And supporting small agencies is especially important in Cape Coral.

Cape Coral insurance agentsUpon completion of this short form, the quote information is sent to local insurance agents in Cape Coral that can give you free Cape Coral car insurance quotes for your coverage. You won't need to leave your house since price quotes are sent immediately to you. It's the lowest rates without having to waste a lot of time. If you wish to compare prices from a specific company, just visit that company's website and fill out their quote form.

When searching for local Cape Coral agents, it's helpful to know the different types of agencies and how they are distinctly different. Insurance agencies in Cape Coral can be described as either exclusive or independent.

Independent Agencies or Brokers

Agents in the independent channel often have many company appointments and that gives them the ability to insure with any number of different companies and get you the best rates possible. If you are not satisfied with one company, an independent agent can move your coverage which makes it simple for you.

When comparing insurance prices, you definitely need to include rate quotes from at a minimum one independent agency to maximize your price options.

Exclusive Agents

Exclusive agents generally can only insure with one company and examples are State Farm, Allstate and AAA. These agents are not able to shop your coverage around so keep that in mind. These agents receive extensive training on the products they sell which helps overcome the inability to quote other rates.

Finding the right car insurance agent shouldn't rely on just the price. These are some questions your agent should answer.

Car insurance claims by make and model

Does your vehicle tend to have claims? The following claim statistics outline the good and bad vehicles for the probability of having claims for each type of coverage listed.

Manufacturer Models with the Lowest and Highest Liability Insurance Claims
Lowest Overall Losses Highest Overall Losses
Acura MDX Chevrolet Sonic
Subaru Forester Dodge Charger
Mercedes-Benz SL Class Kia Optima
Fiat 500 Hyndai Accent
Chevrolet Corvette Chevrolet Cruze
Volvo XC60 Chrysler 200

Statistics from IIHS.org for 2013-2015 Model Years

Collision Coverage Claims by Vehicle
Lowest Overall Losses Highest Overall Losses
Ford F-250 SuperCab Bently Continental GTC
Jeep Wrangler Nissan GT-R
Nissan Xterra Audi RS7
Smart ForTwo Bentley Continental Flying Spur
GMC Canyon BMW 6 Series
Ford F-150 SuperCrew Maserati Granturismo

Statistics from IIHS.org for 2013-2015 Model Years

Vehicles with the Lowest and Highest Comprehensive Insurance Claims
Lowest Overall Losses Highest Overall Losses
Chevy Spark Bentley Continental GTC
Smart ForTwo Bentley Continental GT
Volvo V60 BMW M6
Ford F-350 Maserati Granturismo
Nissan Xterra Maserati Quattroporte
Nissan Leaf BMW M6

Statistics from IIHS.org for 2013-2015 Model Years

Medical Payment Insurance Claims by Vehicle Make and Model
Lowest Overall Losses Highest Overall Losses
Ford F-350 SuperCrew Nissan Versa
Chevrolet Silverado 3500 Mitsubishi Lancer
Ford F-250 SuperCrew Mitsubishi Mirage
Chevrolet Silverado 2500 Hyundai Accent
Audi A4 Allroad Chevrolet Spark
Ford Expedition Chevrolet Sonic

Statistics from IIHS.org for 2013-2015 Model Years