How many times have you told yourself to find cheaper auto insurance rates in Tampa, FL? Tampa drivers have a choice when trying to find the lowest priced car insurance. You can either waste hours struggling with agents to compare prices or use the internet to get rate quotes.

There is a better way to find auto insurance online and you need to know the best way to price shop coverage for a and find the cheapest rates from Tampa insurance agents and online providers.

If you have a current car insurance policy or are just looking to switch companies, follow these tips to find better prices and still get good coverage. The purpose of this post is to let you in on how car insurance quotes work and how to save the most money. Shoppers just need to understand how to compare rates online from multiple companies.

The auto insurance companies shown below can provide price quotes in Florida. To get the cheapest auto insurance in Tampa, FL, it's highly recommended you visit two to three different companies in order to find the lowest rates.

Insurance Price Estimates for Popular Vehicles in Tampa
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Silverado LT Extended Cab 2WD $1,180 $590 $98
Dodge Grand Caravan SE $1,188 $594 $99
Dodge Ram Crew Cab ST 4WD $1,936 $968 $161
Ford Edge SEL AWD $1,340 $670 $112
Ford Escape Limited 2WD $1,282 $641 $107
Ford F-150 STX Regular Cab 4WD $1,046 $523 $87
Ford Focus SEL 4-Dr Sedan $1,342 $671 $112
GMC Sierra Denali Crew Cab 2WD $1,500 $750 $125
Honda Accord EX 2-Dr Coupe $1,420 $710 $118
Honda CR-V EX 4WD $842 $421 $70
Honda Civic EX 4-Dr Sedan $1,298 $649 $108
Honda Odyssey EX-L W/Navigation $1,370 $685 $114
Nissan Altima 3.5 SR 2-Dr Coupe $1,350 $675 $113
Nissan Rogue S AWD $1,890 $945 $158
Toyota Camry Hybrid $1,282 $641 $107
Toyota Corolla XLE $1,750 $875 $146
Toyota RAV4 Sport 2WD $1,080 $540 $90
Volkswagen Jetta S 2.5 Station Wagon $1,012 $506 $84
Get Your Own Custom Quote Go

Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Price information does not factor in specific zip code location which can raise or lower coverage prices noticeably.

Can higher deductibles save money?

When shopping for auto insurance, a common question is how high should the deductibles for physical damage be. The rates below may help to illustrate the premium difference when you buy lower versus higher physical damage coverage deductibles. The first pricing table uses a $250 comprehensive and collision deductible and the second set of rates uses a $1,000 deductible.

Ford Escape rates are for example purposes only. To get rates for your specific vehicle, click here.

Ford Escape insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $280 $446 $354 $20 $106 $1,231 $103
Escape XLS 4WD $280 $446 $354 $20 $106 $1,231 $103
Escape XLT 2WD $280 $446 $354 $20 $106 $1,231 $103
Escape Limited 2WD $322 $446 $354 $20 $106 $1,273 $106
Escape XLT 4WD $322 $446 $354 $20 $106 $1,273 $106
Escape Limited 4WD $322 $544 $354 $20 $106 $1,371 $114
Get a Quote for Your Vehicle Go
Ford Escape insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Escape XLS 2WD $174 $280 $354 $20 $106 $934 $78
Escape XLS 4WD $174 $280 $354 $20 $106 $934 $78
Escape XLT 2WD $174 $280 $354 $20 $106 $934 $78
Escape Limited 2WD $200 $280 $354 $20 $106 $960 $80
Escape XLT 4WD $200 $280 $354 $20 $106 $960 $80
Escape Limited 4WD $200 $342 $354 $20 $106 $1,022 $85
Get a Quote for Your Vehicle Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Price information does not factor in vehicle garaging location which can increase or decrease coverage prices greatly.

Based on this data, using a $250 deductible will cost you roughly $26 more each month or $312 annually than choosing the higher $1,000 deductible. Since you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you have more than 29 months between claim filings, you would save money by selecting a higher deductible.

Liability-only rates compared to full coverage

The illustration below illustrates the comparison of Hyundai Elantra yearly insurance costs when comparing full coverage to liability only. The premium estimates are based on no claims or violations, $500 deductibles, single male driver, and no discounts are applied.

Hyundai Elantra rates are for example purposes only. To get rates for your specific vehicle, click here.

When to buy liability coverage only

There is no definitive formula to stop paying for physical damage coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is about 10% or more of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.

For example, let's pretend your Hyundai Elantra claim settlement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company will settle for is $4,000 after the policy deductible has been paid. If you are paying in excess of $400 a year for your policy with full coverage, then you may need to consider dropping full coverage.

There are a few situations where dropping full coverage is not a good idea. If you still owe a portion of the original loan, you have to keep full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not remove full coverage.

When to switch to liability coverage only

There is no definitive formula for excluding physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than around 10% of the vehicle's replacement cost less your deductible, the it may be a good time to stop paying for full coverage.

For example, let's say your Chevrolet Cruze claim settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company will settle for is $5,000 after paying your policy deductible. If you are paying over $500 annually for your policy with full coverage, then it might be time to consider dropping full coverage.

There are some scenarios where only buying liability is not recommended. If you still owe money on your vehicle, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can't afford to buy a different vehicle in case of an accident, you should not buy liability only.

Deductible analysis

The example below highlights how deductible selection and can impact Chevrolet Silverado insurance costs for different age categories. The premium estimates are based on a single female driver, comp and collision included, and no discounts are taken into consideration.

Chevrolet Silverado rates are for example purposes only. To get rates for your specific vehicle, click here.

Determine discounts to get cheap Tampa insurance quotes

Insurance is easily one of your largest bills, but there may be some discounts that could help you make your next renewal payment. Some trigger automatically when you purchase, but some may not be applied and must be requested specifically before being credited.Discount insurance

Don't be surprised that some credits don't apply to your bottom line cost. Most only reduce the cost of specific coverages such as medical payments or collision. Just because you may think having all the discounts means you get insurance for free, company stockholders wouldn't be very happy.

To see a list of insurance companies that offer many of these discounts in Tampa, click here.

Buying auto insurance from Tampa insurance agencies

A lot of people would prefer to talk to an insurance agent and we recommend doing that Most agents are trained to spot inefficiencies and help file insurance claims. One of the best bonuses of price shopping on the web is you can get cheap rate quotes and still choose a local agent. And buying from small agencies is important especially in Tampa.

Tampa insurance agentsTo help locate an agent, after submitting this form (opens in new window), your information is instantly submitted to insurance agents in Tampa that provide free Tampa auto insurance quotes for your business. You won't even need to leave your house due to the fact that quote results will go to you directly. In the event you want to get a price quote from a particular provider, feel free to jump over to their website to submit a rate quote request.

The following is a list of insurers in Tampa that can give you price quote information.

More Tampa agents

Deciding on an provider needs to be determined by more than just the premium amount. These are some valid questions you should ask.

What determines the cost of auto insurance?

Part of the auto insurance buying process is learning the different types of things that come into play when calculating the level of your policy premiums. If you have some idea of what controls the rates you pay, this helps enable you to make changes that may reward you with better auto insurance rates.

The following are a partial list of the pieces companies use to determine your prices.

Insurance protects more than just your car

Even though rates can get expensive, insuring your vehicle serves several important purposes.

First, the majority of states have mandatory liability insurance requirements which means the state requires specific minimum amounts of liability coverage in order to drive the car legally. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if your vehicle has a loan, it's guaranteed your bank will make it a condition of the loan that you have comprehensive coverage to guarantee payment of the loan. If you default on your policy, the bank will be required to insure your vehicle at a much higher rate and require you to fork over a much higher amount than you were paying before.

Third, insurance protects both your vehicle and your assets. It also can pay for many types of medical costs for you, any passengers, and anyone injured in an accident. One policy coverage, liability insurance, also pays expenses related to your legal defense if someone files suit against you as the result of an accident. If damage is caused by hail or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage minus the deductible amount.

The benefits of insuring your vehicle definitely exceed the cost, particularly when you have a large claim. Unknowingly, the average driver overpays as much as $865 each year so you should quote and compare rates at every renewal to ensure rates are inline.

Car insurance claim information

Are you driving a vehicle that ranks high in claims? The following statistics list the best and worst models for the probability of having claims for each type of coverage listed.

Collision Coverage Claims by Vehicle
Lowest Overall Losses Highest Overall Losses
Mini Cooper Bently Continental GT
Ford F-150 SuperCrew Maserati Ghibli
Ford Edge Nissan GT-R
Jeep Wrangler Maserati Granturismo
Ford F-250 SuperCab Ferrari 458
Nissan Xterra Audi RS7

Statistics from IIHS.org for 2013-2015 Model Years

Vehicles with the Lowest and Highest Liability Insurance Claims
Lowest Overall Losses Highest Overall Losses
Volvo XC60 Mitsubishi Lancer
Acura MDX Chevrolet Impala
Chevrolet Corvette Kia Rio
Audi A6 Chrysler 200
Subaru Outback Chevrolet Cruze
Subaru Forester Kia Optima

Statistics from IIHS.org for 2013-2015 Model Years

Car Insurance Comprehensive Claims by Vehicle Model
Lowest Overall Losses Highest Overall Losses
Chevy Spark Mercedes-Benz S Class
Chevy Silverado 2500 Bentley Continental GTC
Nissan Leaf Bentley Continental GT
GMC Sierra 2500 BMW M6
Volvo V60 Maserati Quattroporte
Infiniti QX50 Maserati Granturismo

Statistics from IIHS.org for 2013-2015 Model Years

Medical Payment Insurance Claims by Vehicle Model
Lowest Overall Losses Highest Overall Losses
Ford Expedition Chevrolet Spark
Land Rover Range Rover Sport Mitsubishi Lancer
Chevrolet Silverado 3500 Kia Forte
Ford F-250 SuperCrew Chevrolet Sonic
Chevrolet Silverado 2500 Nissan Sentra
Ford F-350 SuperCrew Mitsubishi Mirage

Statistics from IIHS.org for 2013-2015 Model Years

Lower rates by being persistent

Consumers change insurance companies for a number of reasons such as poor customer service, extreme rates for teen drivers, lack of trust in their agent and unfair underwriting practices. Whatever your reason, switching companies is not as hard as you think.

While you're price shopping online, never skimp on coverage in order to save money. In too many instances, someone dropped liability coverage limits only to find out that their decision to reduce coverage ended up costing them more. Your focus should be to get the best coverage possible for the lowest price, but don't skip important coverages to save money.

Lower-priced insurance in Tampa can be found both online and with local Tampa insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance companies do not offer online quoting and many times these regional carriers only sell through local independent agents.

More learning opportunities