How to Save on Car Insurance in Cape Coral, FL?

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The average cost of auto insurance in Cape Coral, FL, is $1,273 and ranges between $1,031 and $1,712. The cost of auto insurance here is much lower than the cost of the same in neighboring places such as Pineland.  Auto insurance depends on several factors, including the rate of deductibles and the make and model of the vehicle. Some of the factors that help car owners save more in Cape Coral, FL, are explored below.

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Hybrids and Electric Vehicles:

Zimlon found that Farmers and Travelers are among the few companies that offer discounts on alternative-fuel vehicles. Hybrids and Electric Vehicles are considered environmentally friendly thanks to lower emission rates. For such vehicles, Farmers offers car owners discounts of up to 5% in some states. 

Multi-Car Insurance:

Car owners in Cape Coral, FL, can save more by insuring their vehicles with the same auto insurance company. Insurers offer discounts on multi-car insurance policies. Bundling is another way of increasing your savings. Car owners can insure their life, auto, and home insurance with the same insurer in order to get added benefits.

The cost of insuring two cars under a multi-car insurance policy in Cape Coral, FL, is $2,419. The amount of savings on multi-car insurance in Cape Coral will differ according to the make and model of the vehicle being insured.

Driving Record:

Most car insurance companies offer substantial discounts to drivers with a clean driving record. GEICO offers a 26% discount to drivers with a spotless driving record for five years. On the other hand, State Farm offers discounts when a driver goes three or more years with an accident-free record. With the advent of modern technology in the car insurance industry, Usage-Based Insurance (UBI) is increasingly being used to personalize car insurance. UBI works through both plugin devices and mobile apps. It keeps track of various factors in one’s car, making insurance rates more personalized.  

The cost of auto insurance in Cape Coral, post-DUI, increases to $2,367. But, this is also dependent on the driver’s age. The cost of auto insurance post-DUI for teenagers is much higher. Male teenagers pay $6,368 on an average, post-DUI, while female teenagers pay $5,682. 

Safe and responsible drivers will find it easier to lower the cost of auto insurance in Cape Coral. Other violations that can have a long-term impact on auto insurance in Cape Coral include driving with an expired license and running a red light.