St. Petersburg, Florida, may be home to abundant sunshine and beautiful beaches, but it will cost you more to insure your car if you are a local resident. Drivers in St. Petersburg pay an average of $1,294 annually for minimum coverage, and a full coverage policy averages $2,662. Drivers in Florida pay more on average than many other states for several reasons, including volatile weather, so comparing carriers is critical to finding competitive rates.
Bankrate reviewed a number of large carriers to determine which ones offer the best cheap car insurance in St. Petersburg. The editorial team evaluated third-party ratings, coverage options, discounts and digital experience to find the best options for St. Petersburg drivers.
Best car insurance companies in St. Petersburg
Not only should cheap rates be considered when pinpointing the best car insurance companies in St. Petersburg, but other categories are equally important. Third-party ratings, such as the J.D. Power survey for overall customer satisfaction in auto insurance and the financial ratings from A.M. Best are great indicators too. State Farm, Geico, Allstate and Progressive have all earned positive marks for many of these categories.
|Insurance company||J.D. Power score Florida region||Average annual premium for minimum coverage||Average annual premium for full coverage|
|State Farm||848 / 1,000||$976||$2,029|
|Geico||823 / 1,000||$1,003||$2,423|
|Allstate||846 / 1,000||$1,373||$2,877|
|Progressive||822 / 1,000||$1,520||$2,962|
State Farm scores the highest among these carriers in the J.D. Power satisfaction survey. This may be due to the multiple customer service channels available to policyholders, such as online, the mobile app, a customer service telephone number or one of the 19,000 local agents. State Farm has a high financial strength rating too, with a Superior A++ rating from AM Best. The minimum and full coverage costs are the least expensive of those reviewed, making it one of the most competitive options in the St. Petersburg market.
Learn more: State Farm Insurance review
Geico is the second largest auto insurer in the U.S., behind only State Farm. While it did not score as high on the J.D. Power survey, one of the numerous advantages of Geico is its financial strength. Geico earns a Superior A++ rating from AM Best. Geico also offers a wide array of discounts, including multi-policy, multi-vehicle to good student and affiliation discounts. While coverage options are not as plentiful, drivers may be interested in the mechanical breakdown coverage, which provides reimbursement for higher maintenance costs.
Learn more: Geico Insurance review
Allstate scores above industry average with J.D. Power and also has a financial strength rating of A+ from A.M. Best worth noting. Another area where Allstate performs well is with the coverage and discount options. Allstate provides options for many different drivers, including teen drivers. Programs such as Drivewise, where Allstate reviews your safe driving habits and rewards you with a discount if you qualify, are one of the numerous ways to lower premiums.
Learn more: Allstate Insurance review
The third-largest auto insurer in the U.S., Progressive offers all of the digital tools drivers expect now. Whether it is online, via the app, an agent or customer service number. Progressive provides numerous lines of communication if you need to make changes to your policy, file a claim or have a question. Progressive offers a wide variety and more than most other national carriers.
Learn more: Progressive Insurance review
Cheapest car insurance in St. Petersburg
There are a number of carriers offering cheap car insurance rates in St. Petersburg. Since the average for drivers in St.Petersburg is $1,294 annually for minimum coverage, and $2,662 for full coverage, finding carriers with lower premiums is key for many. Compared to the national average of $1,674 annually, drivers in the area are paying substantially higher than average premiums.
State Farm, Geico, Allstate, Progressive and MetLife all offer options for less expensive premiums, but also offer other key advantages. All five are highly rated for financial strength the A.M. Best company. All five offer mobile apps with full features for submitting claims, contacting roadside assistance, updating your policy and other tasks. Of the five, State Farm does receive the highest marks for overall customer satisfaction with J.D. Power, so if customer service ratings are essential to you, then this is one to take note of.
|Insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
St. Petersburg insurance requirements
Florida requires drivers to carry a minimum amount of liability and personal injury protection (PIP) coverage, which includes:
- $10,000 of PIP to cover you regardless of fault in an accident. This is also referred to in Florida as no-fault insurance.
- $10,000 of property damage liability (PDL) to pay for damage caused to someone else’s property.
Purchasing the bare minimum coverage may be enticing in order to stay within a certain budget, but other coverages may also be required. For instance, if you purchase a newer vehicle and financed it, a lender may require gap coverage in case you total the car in an accident and the car is worth less than the amount owed. Lenders typically require comprehensive and collision coverage too, until the vehicle is paid in full.
Car insurance discounts in St. Petersburg
Because car insurance premiums in St.Petersburg tend to be higher than the national average, finding all available discounts is a simple way to find extra savings for premiums. Take advantage of discounts such as:
- Bundling: If you purchase an auto insurance policy from the same carrier where you purchase other insurance products, you may qualify for a multi-policy discount.
- Multi-vehicle: If you have more than one vehicle in your household you can save even more by selecting the same carrier to insure each one.
- Defensive driver: If you participate in a defensive driving course, it typically means additional savings on your premiums. The only caveat is to make sure it is on the approved list of your carrier.
- Military: If you are a member of the armed forces or a veteran, be sure to ask about the military discounts available. Almost all carriers offer a discount for servicemembers.
Discounts are an easy way to save on premiums, but there are other tactics to take advantage of too. If you add comprehensive and collision coverage to your policy, choosing a higher deductible for these options will lower your premiums, versus taking on a low deductible. Shopping around and comparing premiums from one carrier to another is another strategy, especially since rates can differ from one carrier to the next quite a bit.
Frequently asked questions
What is the best car insurance company?
To determine the best car insurance company, use a variety of considerations to make a well-rounded decision. Bankrate reviewed several carriers for financial strength, customer service ratings, coverage options and discounts and found Amica, State Farm, Geico and USAA were all top choices among national carriers.
Is Florida a no-fault state?
Yes, Florida adheres to the no-fault laws for driving. This means all drivers must file a claim with their insurance company if there is an accident, regardless of which driver is at fault. This is also why PIP insurance is a requirement for each driver in Florida.
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our sample drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should be used for comparative purposes only. Your quotes may be different.