The Average Cost of Car Insurance in Cocoa, FL, is $2,080

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The average cost of auto insurance in Cocoa, FL, is $2,080. This cost is higher than nearby locations like Brevard County, Cocoa West, and Sharpes but lower than other nearby locations like Cocoa-Rockledge and Port St. John. Car owners in Cocoa, FL, can save on their cost of car insurance by comparing quotes from different insurance companies. The cost of auto insurance depends on numerous factors ranging from the vehicle’s make and model to the driver’s age.

Deductibles:

This is one of the most common factors influencing the cost of auto insurance in Cocoa, FL. A low deductible ($500) usually increases auto insurance value, whereas a high deductible ($1,000) lowers it. For example, the average cost of auto insurance in Cocoa, FL, on a deductible of $500 is $1,482, and it decreases to $1,252 when the deductible is $1,000.

Age of the Driver: 

According to Zimlon’s analysis, teenagers in Cocoa, FL, end up paying a much higher car insurance rate compared to the rest of the state as they are generally considered to be less responsible behind the wheel. Middle-aged drivers are likely to pay lower car insurance premiums if they are considered to be safer drivers by insurance companies.

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Neighborhood:

The neighborhood one lives in Cocoa, FL can also have an impact on the cost of auto insurance. Zimlon offers the option of keying in one’s zip code to get accurate auto insurance quotes from multiple auto insurance companies. Depending on several factors like the vehicle’s make and model and the rate of auto thefts in the neighborhood, the price can vary. 

Credit Score:

Having an “excellent” or “good” credit score will also help car owners to save money on auto insurance in Cocoa, FL. Several auto insurance companies provide discounts to the car owner that have a higher positive credit score. Car insurance companies use the credit score of car drivers to determine suitable car insurance rates.

According to Zimlon’s analysis, the average car insurance cost for an exceptional credit score of 800-850 in Cocoa, FL is $1,785. For an excellent score of 740-799, the cost of auto insurance is $2,037, and for a good (670-739) to average (580-669) score the cost of auto insurance is more than $2000. Whereas, for a poor credit score of 300-579, insurance cost can reach up to $3,393 in Cocoa, FL.