Wouldn’t it be perfect if we knew the one best company that has the lowest car insurance rates after a speeding ticket? It’s not quite that easy, unfortunately, as there are a lot of unknowns like the miles you drive each year, if you have points on your license, your age, and your marital status. This article should teach you a little about the types of things that cause high car insurance rates and will hopefully give you a good start in finding the cheapest car insurance.
Locating budget car insurance is difficult, and finding out which companies have the cheapest car insurance rates after a speeding ticket calls for even more work. Each insurer has their own unique process for setting prices, so we’ll take a look at the most budget-friendly car insurance companies in Florida.
It’s a good idea to know that Orlando car insurance rates are impacted by many things that control your annual premium. Improving your credit score, adding a teenager to your policy, or having a fender bender may prompt premium changes that can make some companies higher-priced than before.
Find the Best Cheap Insurance with Licence Points
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $986 |
| 2 | Amica | $1,746 |
| 3 | Electric | $1,764 |
| 4 | Progressive | $1,829 |
| 5 | Travelers | $1,926 |
| 6 | Mercury | $1,992 |
| 7 | Allied | $2,004 |
| 8 | Esurance | $2,082 |
| 9 | GEICO | $2,108 |
| 10 | State Farm | $2,110 |
| 11 | Auto-Owners | $2,171 |
| 12 | Allstate | $2,388 |
| 13 | 21st Century | $2,469 |
| 14 | Windhaven Insurance | $2,627 |
| 15 | Safeco | $2,898 |
| 16 | MetLife | $2,900 |
| 17 | Hanover | $2,934 |
| 18 | Liberty Mutual | $3,101 |
| 19 | United Automobile | $3,527 |
| 20 | Direct General | $3,902 |
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USAA quotes some of the cheapest car insurance rates in Orlando at around $986 each year. Amica, Electric, Progressive, and Travelers also make the cut as some of the more affordable Orlando, FL insurance companies.
As illustrated above, if you are insured with Amica and switched to USAA, you could see a yearly price reduction of in the vicinity of $760. Drivers with Electric may save as much as $778 a year, and Progressive insureds might reduce rates by $843 a year.
To discover how much you can save, click here to start your free quote or quote prices from the following companies.
These premium estimates are averages for all ages of drivers and types of vehicles and do not take into consideration a vehicle location after a speeding ticket. So the auto insurance company that fits you best may not even be in the top 21 companies shown above. That underscores the importance of why you need to get rate quotes using your own driver data and vehicle information.
The car, truck, or SUV to be insured is a large factor when comparison shopping for cheap coverage after a speeding ticket. Vehicles with limited top-end speed, excellent safety ratings, or a low likelihood of having liability claims will cost quite a bit less to insure than higher performance models.
The data below estimates auto insurance premiums for a number of the cheapest automobiles to buy insurance for.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 2WD | $1,587 |
| Honda CR-V EX-L 2WD | $1,623 |
| Honda Accord LX 4-Dr Sedan | $1,841 |
| Ford Edge SEL 2WD | $1,850 |
| Honda Odyssey EX W/Rear Entertainment | $1,841 |
| Jeep Grand Cherokee Laredo 2WD | $1,877 |
| Ford Explorer Eddie Bauer AWD | $1,912 |
| Chevrolet Malibu LT | $1,920 |
| Toyota Prius | $1,941 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,943 |
| Nissan Rogue SL 2WD | $2,008 |
| Chevrolet Equinox LTZ AWD | $2,015 |
| Ford F-150 Lariat Crew Cab Harley 2WD | $2,025 |
| Jeep Wrangler Unlimited Sahara 4WD 4-Dr | $2,034 |
| Ford F-350 Super Cab Cabela Package 2WD | $2,051 |
| Volkswagen Jetta SE 2.5 Station Wagon | $2,053 |
| Toyota RAV4 Limited 4WD | $2,073 |
| Dodge Grand Caravan Crew | $2,111 |
| Chevrolet Impala LS | $2,137 |
| Toyota Camry Hybrid | $2,147 |
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Premium data assumes single female driver age 30, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, and homeowner. Premium costs do not factor in specific location which can influence price quotes noticeably.
Based upon these rates, we can infer that vehicles like the Ford Escape, Honda CR-V, Honda Accord, Ford Edge, and Honda Odyssey are going to be the most economical vehicles to insure after a few driving violations.
One of the more important components that are used to help calculate the cost of insurance is your address. Areas with more people or higher crime rates are more likely to have higher rates, whereas areas that tend to be more rural tend to receive cheaper rates.
The following table shows the most expensive places in Florida after a speeding ticket in which to buy car insurance. Orlando comes in at #18 costing $2,029 for car insurance, which is around $169 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Hialeah | $3,488 |
| 2 | Miami Gardens | $3,181 |
| 3 | Miami | $3,145 |
| 4 | Miami Beach | $2,923 |
| 5 | West Palm Beach | $2,679 |
| 6 | Tampa | $2,636 |
| 7 | Miramar | $2,629 |
| 8 | Pompano Beach | $2,620 |
| 9 | Hollywood | $2,604 |
| 10 | Fort Lauderdale | $2,550 |
| 11 | Davie | $2,523 |
| 12 | Pembroke Pines | $2,505 |
| 13 | Coral Springs | $2,474 |
| 14 | Brandon | $2,368 |
| 15 | St. Petersburg | $2,286 |
| 16 | Clearwater | $2,260 |
| 17 | Spring Hill | $2,060 |
| 18 | Orlando | $2,029 |
| 19 | Jacksonville | $1,980 |
| 20 | Port St. Lucie | $1,916 |
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Prices are approximated as zip code location can influence auto insurance rates significantly.
Violations and accidents raise rates
One of the best ways to earn cheap car insurance prices in Orlando after a few driving violations is to drive safe and have a clean driving record. The illustration below shows how speeding tickets and at-fault claims can affect auto insurance costs for each different age group. The information is based on a married male driver, full coverage, $1,000 deductibles, and no additional discounts are factored in.
In the previous example, the average cost of a car insurance policy in Florida per year with no accidents or violations is $1,486. Get one speeding ticket and the average cost jumps to $1,710, an increase of $224 each year. Next add two accidents along with the one speeding ticket and the 12-month cost of car insurance after a speeding ticket goes up to an average of $3,826. That’s an increase of $2,340, or $195 per month, just for being a little careless behind the wheel!
Get discount Orlando insurance
Car insurance companies that provide policies after a speeding ticket may provide discounts that could reduce prices by 30% or more if you meet specific criteria. A list of car insurance companies and a partial list of their discounts include:
- Progressive policyholders can earn discounts including multi-policy, online signing, online quote discount, homeowner, continuous coverage, multi-vehicle, and good student.
- Farmers Insurance may offer discounts for business and professional, youthful driver, mature driver, good student, homeowner, and multi-car.
- Farm Bureau offers premium reductions for 55 and retired, good student, multi-vehicle, renewal discount, driver training, youthful driver, and safe driver.
- State Farm may include discounts for accident-free, good student, driver’s education, multiple autos, Drive Safe & Save, and defensive driving training.
- GEICO includes discounts for seat belt use, multi-vehicle, daytime running lights, five-year accident-free, military active duty, and anti-lock brakes.
- SAFECO offers discounts including anti-theft, teen safety rewards, drive less, bundle discounts, homeowner, anti-lock brakes, and safe driver.
- Liberty Mutual discounts include good student, new vehicle discount, exclusive group savings, hybrid vehicle, newly married, and newly retired.
The chart below shows the difference between insurance premiums with and without some available policy discounts. The rates are based on a female driver, two violations and no accidents, Florida state minimum liability limits, full physical damage coverage, and $250 deductibles.
The first bar for each age group shows the price with no discounts. The second shows the rates with marriage, homeowner, anti-theft, passive restraint, vehicle safety, and multiple vehicle discounts applied. When discounts are factored in, the average amount saved each year on car insurance after a speeding ticket is 28% or $773.
The importance of shopping around
Orlando, FL car insurance rates are influenced by many factors that can increase the price you pay for coverage. Turning one year older, filing a claim, or having an accident can trigger price changes that can make some companies more affordable than competitors.
Not only may your situation change, but auto insurance companies modify pricing as often as every quarter to ensure their profitability. Significantly higher claims may result in increased policy costs, while a profitable period may cause more affordable Orlando car insurance rates.
The data below shows which company has the cheapest car insurance in Orlando, FL for a 35-year-old female driver with no accidents or violations, and excellent credit. If we look at prices based on her current risk factors, USAA may offer the lowest car insurance rates in Orlando at $1,179 a year. This is $1,269 less than the average premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers round out the rest of the cheapest Orlando, FL auto insurance companies.
Let’s now give the driver in the first chart some claims, a little lower credit rating, and a traffic citation. Because each company uses a different method to set their prices, getting updated rate quotes could result in a substantially altered list of the cheapest Orlando car insurance companies as shown below.
USAA now has the cheapest car insurance in Orlando with Mercury, State Farm, Esurance, and Auto-Owners also being competitive. This illustrates why consumers need to take the time to shop around to get the cheapest car insurance quotes after a speeding ticket.
Insurance prices are influenced by many things and change dramatically, so the cheapest option a year ago may now be wasting a lot of money.
How to find more affordable insurance after a speeding ticket
Below you’ll find some of the recommended penny-pinching solutions that can help Florida drivers locate cheap coverage.
- Drive safely
- Do not get into accidents
- Claim-free drivers earn discounts
- Bundle home and auto and earn a discount
- Lower rates by purchasing a safer vehicle
- Don’t waste money on full coverage for older vehicles
- Ensure you have the best deal by shopping around regularly
That last piece of advice is notably critical, as was stressed in this write-up. Prices charged by auto insurers in Orlando change frequently, so don’t be unwilling to buy from a new company if a lower-cost policy is available. Many drivers tend to have loyalty to a certain company, but is isn’t recommended if that dedication is costing hundreds of dollars year after year. Now is a great time to compare rates and find cheaper car insurance after a speeding ticket.