Drivers in Tampa typically complain about the price of automobile insurance coverage. However how a lot does automobile insurance coverage actually price in Tampa, Florida?
The common driver in Tampa, Florida pays round $1,779 per 12 months for full protection automobile insurance coverage, which is tons of of {dollars} larger than the nationwide common.
Why is automobile insurance coverage so costly in Tampa? How are you going to get monetary savings on automobile insurance coverage in Tampa?
Maintain studying to find every part that you must find out about the price of automobile insurance coverage in Tampa, Florida – and the way you can save tons of per 12 months on Tampa automobile insurance coverage.
The Common Tampa Driver Pays $1,779 Per 12 months for automobile Insurance coverage
In accordance with common quotes offered to our mannequin driver profiles, the typical driver in Tampa, Florida can anticipate to pay round $1,779 per 12 months for full protection automobile insurance coverage.
Compared, the typical American pays round $1,450 per 12 months for automobile insurance coverage.
In different phrases, drivers in Tampa are paying greater than $300 extra per 12 months for automobile insurance coverage than the typical American driver.
Why is Automobile Insurance coverage So Costly in Tampa?
Don’t blame Tampa: Florida has notoriously high car insurance prices. In reality, Florida is routinely one of many prime 5 costliest states in American for automobile insurance coverage. Florida is at the moment the third costliest state in America for automobile insurance coverage, trailing solely Michigan and Louisiana.
Tampa can be a giant metropolis. Drivers in massive cities usually pay extra for automobile insurance coverage than drivers in small cities. Tampa has extra roads, extra drivers, and extra congestion than rural areas of the state. Some areas of Tampa even have excessive crime charges, which may push insurance coverage premiums even larger.
Others blame Florida’s insurance coverage legal guidelines. Florida is likely one of the few states that requires drivers to hold private damage safety (PIP). Roughly 20% of your automobile insurance coverage premiums in Florida go in the direction of PIP. PIP covers medical bills and associated payments after an accident.
Florida additionally has larger charges of uninsured drivers. Nearly 20% of drivers in Florida don’t carry automobile insurance coverage, which is way larger than the nationwide common of round 13%. Some research even counsel that almost 27% of drivers in Florida drive illegally with out insurance coverage. Collisions with uninsured motorists price Florida insurance coverage corporations 1000’s of {dollars} per 12 months.
As medical prices and automobile restore prices rise yearly, automobile insurance coverage in Tampa continues to change into dearer.
Why Automobile Insurance coverage Might Be Even Extra Costly in Tampa
Though automobile insurance coverage is dear in Tampa, it might be much more costly.
Tampa has no winter climate or mountain passes that make driving harmful in different states, for instance.
Florida additionally has low protection limits in comparison with different states. Whereas different states require drivers to hold 25/50/25 legal responsibility protection or larger, Florida requires simply $10,000 of property harm legal responsibility safety.
Nevertheless, Florida’s low legal responsibility limits are a double-edged sword: drivers who wish to carry greater than this minimal quantity of protection in Tampa can pay larger charges. If you wish to carry 100/300/100 protection for added safety and peace of thoughts, for instance, then you can find yourself paying considerably extra for automobile insurance coverage.
The right way to Save Cash on Automobile Insurance coverage in Tampa, Florida
Automobile insurance coverage may be costly in Tampa, Florida. Nevertheless, there are methods to economize on automobile insurance coverage, together with:
Examine Quotes: You’ve tons of of choices for automobile insurance coverage in Tampa. Store round with totally different corporations to avoid wasting tons of.
Take Benefit of Reductions: Insurers supply reductions for secure driving, security options, carrying a number of insurance policies, and extra.
Observe Defensive Driving: Florida has one of many highest accident charges in america. Statistically, drivers in Florida are among the many worst within the nation. Observe defensive driving to keep away from claims and better premiums.
Automobile insurance coverage in Tampa is dear, with drivers paying tons of of {dollars} extra per 12 months for automobile insurance coverage than the nationwide common. Examine quotes at the moment to make sure you’re getting the very best deal on automobile insurance coverage in Tampa, Florida.
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