You’ve seen the captivating commercials from car insurance companies like State Farm, Progressive, and Nationwide claiming huge savings. So drivers just need to pick the company with the best ad, right?
It’s just not that easy, however, as there are a ton of unknown elements such as how many years you have been driving, whether or not you are currently insured, and the likelihood of vehicle theft where you live. The content below will cover the best ways to maintain low rates and will hopefully give the reader a good start to your coverage search.
Determining which insurers offer the lowest-priced insurance rates for high school students involves a little more sweat in order to find the most economical policy. Every insurance provider uses a slightly different approach to determine rates, so we’ll go over the insurance companies with the most affordable rates in Orlando.
Find Cheaper Car Insurance for Students
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $986 |
| 2 | Amica | $1,694 |
| 3 | Electric | $1,746 |
| 4 | Progressive | $1,847 |
| 5 | Travelers | $1,869 |
| 6 | Mercury | $1,914 |
| 7 | Allied | $1,945 |
| 8 | Esurance | $2,040 |
| 9 | State Farm | $2,068 |
| 10 | Auto-Owners | $2,149 |
| 11 | GEICO | $2,150 |
| 12 | 21st Century | $2,397 |
| 13 | Allstate | $2,411 |
| 14 | Windhaven Insurance | $2,653 |
| 15 | Safeco | $2,898 |
| 16 | MetLife | $2,900 |
| 17 | Hanover | $2,964 |
| 18 | Liberty Mutual | $3,101 |
| 19 | United Automobile | $3,422 |
| 20 | Direct General | $3,942 |
| Get a Custom Quote Go | ||
USAA normally has some of the most affordable car insurance rates in Orlando at around $986 per year. This is $1,462 less than the average price paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Travelers are also some of the cheaper Orlando, FL auto insurance companies.
As shown in the rates above, if you buy coverage from Travelers and switched to Amica, you may realize an annual premium reduction of about $175. Customers with Mercury might save as much as $220 a year, and Allied policyholders might reduce rates by $251 a year.
Be aware that those policy prices are averages for all drivers and vehicles in Florida and and are not figured with an exact vehicle garaging location for high school students. So the company that fits your situation best may not even be in the list above. That affirms the importance of why you need to get car insurance quotes using your own individual information.
One of the more important considerations that are looked at to determine the amount you pay each year for auto insurance is your zip code. Areas with increased crime or more people tend to have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims benefit from lower coverage costs.
The table below shows the highest-priced areas in Florida for high school students in which to purchase auto insurance. Orlando ranks #19 costing $2,029 for the average insurance policy, which is about $169 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Hialeah | $3,630 |
| 2 | Miami | $3,273 |
| 3 | Miami Gardens | $3,149 |
| 4 | Miami Beach | $2,923 |
| 5 | West Palm Beach | $2,679 |
| 6 | Tampa | $2,636 |
| 7 | Pompano Beach | $2,620 |
| 8 | Hollywood | $2,604 |
| 9 | Miramar | $2,603 |
| 10 | Pembroke Pines | $2,505 |
| 11 | Coral Springs | $2,499 |
| 12 | Fort Lauderdale | $2,475 |
| 13 | Davie | $2,473 |
| 14 | Brandon | $2,368 |
| 15 | St. Petersburg | $2,196 |
| 16 | Clearwater | $2,194 |
| 17 | Jacksonville | $2,040 |
| 18 | Spring Hill | $2,039 |
| 19 | Orlando | $2,029 |
| 20 | Port St. Lucie | $1,935 |
| 21 | Cape Coral | $1,860 |
| 22 | Lakeland | $1,845 |
| 23 | Palm Bay | $1,733 |
| 24 | Tallahassee | $1,731 |
| 25 | Gainesville | $1,696 |
| Find the Best Rates Go | ||
Premium costs are approximated as the vehicle garaging location can modify coverage prices greatly.
Illustration showing the impact of accidents and violations
One of the best ways to snag the best insurance prices in Florida for teenagers is to drive carefully and avoid accidents and traffic violations. The information below illustrates how speeding tickets and at-fault fender-benders increase car insurance costs for each different age category. The premiums assume a married male driver, full coverage, $250 deductibles, and no other discounts are factored in.
The chart shows that the average cost of a car insurance policy in Florida per year with no violations or accidents is $2,535. Receive one speeding ticket and the average cost rises to $2,913, an increase of $378 each year. Now add one accident along with the one speeding ticket and the yearly cost of insurance for high school students jumps again to an average of $3,975. That’s an increase of $1,440, or $120 per month, just for a couple of infractions!
Difference between full coverage and liability only rates
Finding cheaper insurance should be important to the majority of people, and one of the fastest ways to find cheaper insurance for high school students is to only buy liability coverage. The information below shows the comparison of annual premium costs with full physical damage coverage compared to only buying liability only. Data assumes a clean driving record, no claims, $1,000 deductibles, single status, and no discounts are taken into consideration.
If we average the cost for all age groups, physical damage coverage on your policy costs an additional $1,747 per year more than carrying just liability coverage. At some point, about every driver wonders if full coverage is worth the money. There is no specific rule that is best for determining when to drop physical damage insurance, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than around 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.
For example, let’s pretend your vehicle’s claim settlement value is $6,500 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company will settle for is $5,500 after paying the physical damage deductible. If it’s costing you more than $550 annually for your policy with full coverage, then it might be time to buy liability only.
Discounts on Orlando car insurance rates
Auto insurance companies that provide policies for high school students may provide rate discounts that could reduce prices by 25% or more if you qualify. Large insurance companies and the discounts they provide are detailed below.
- Mercury Insurance offers discounts for location of vehicle, low natural disaster claims, good student, ease of repair, professional/association, and anti-theft.
- Farmers Insurance offers discounts including pay in full, good student, switch companies, bundle discounts, alternative fuel, business and professional, and mature driver.
- Farm Bureau may offer discounts for multi-policy, youthful driver, good student, renewal discount, driver training, and multi-vehicle.
- State Farm includes discounts for good student, multiple autos, Steer Clear safe driver discount, passive restraint, student away at school, defensive driving training, and anti-theft.
- Allstate may have discounts that include resident student, multi-policy, economy car, teenSMART discount, early signing, and anti-lock brakes.
- GEICO has discounts for multi-policy, anti-lock brakes, anti-theft, good student, and seat belt use.
The chart below illustrates the difference between insurance costs with and without some available policy discounts. The information is based on a male driver, no claims, a clean driving record, Florida state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with anti-theft, good student, passive restraint, paperless filing, continuous coverage, and vehicle safety discounts applied. When these discounts are applied to the policy premium, theaverage yearly reduction on insurance for high school students is 28% or $1,077.