The make and model of vehicle you are trying to insure is one of the primary factors that determines the availability of low-priced insurance for low mileage drivers. Vehicles with limited speed and performance, modern passenger safety features, or a track record of few liability claims will cost less to insure than fast, unsafe models. The table below estimates coverage premiums for the cheapest automobiles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX-P 4-Dr Sedan | $1,174 |
| Hyundai Elantra GLS Touring Station Wagon | $1,180 |
| Ford Escape Limited 2WD | $1,200 |
| Toyota Prius | $1,300 |
| Honda CR-V LX 2WD | $1,322 |
| Ford Focus S 4-Dr Sedan | $1,361 |
| Jeep Wrangler Sport 4WD 2-Dr | $1,383 |
| Toyota Camry LE | $1,388 |
| Volkswagen Jetta S 4-Dr Sedan | $1,397 |
| Chevrolet Equinox LS 2WD | $1,388 |
| Ford Edge SE 2WD | $1,408 |
| Dodge Grand Caravan CV | $1,437 |
| Toyota Corolla LE | $1,464 |
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Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Price estimates do not factor in zip code location which can affect prices substantially.
Looking at the rates, we can tell that makes and models like the Honda Accord, Hyundai Elantra, Ford Escape, Toyota Prius, and Honda CR-V are going to be some of the most affordable vehicles to insure for infrequent drivers.
One of the more important factors that are looked at to determine insurance cost is where you keep your car in Orlando. Areas with more people or higher crime rates tend to have more expensive car insurance rates, whereas areas with lower crime rates and fewer weather claims benefit from lower coverage costs.
The next table sorts the most expensive areas in Florida for low mileage drivers to buy an auto insurance policy in. Orlando is listed at #18 with a yearly premium of $2,090 on average, which is about $174 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Hialeah | $3,595 |
| 2 | Miami Gardens | $3,181 |
| 3 | Miami | $3,145 |
| 4 | Miami Beach | $2,923 |
| 5 | West Palm Beach | $2,705 |
| 6 | Pompano Beach | $2,620 |
| 7 | Hollywood | $2,604 |
| 8 | Miramar | $2,603 |
| 9 | Tampa | $2,558 |
| 10 | Fort Lauderdale | $2,550 |
| 11 | Pembroke Pines | $2,505 |
| 12 | Coral Springs | $2,474 |
| 13 | Davie | $2,473 |
| 14 | Brandon | $2,298 |
| 15 | Clearwater | $2,260 |
| 16 | St. Petersburg | $2,196 |
| 17 | Spring Hill | $2,123 |
| 18 | Orlando | $2,090 |
| 19 | Port St. Lucie | $1,994 |
| 20 | Jacksonville | $1,960 |
| 21 | Lakeland | $1,845 |
| 22 | Cape Coral | $1,841 |
| 23 | Tallahassee | $1,784 |
| 24 | Palm Bay | $1,733 |
| 25 | Gainesville | $1,630 |
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Table data uses comparative as specific location information can influence insurance rates noticeably.
Should you buy full coverage?
Reducing the cost of auto insurance is probably important to most people, and an effective way to pay lower rates for insurance for low mileage drivers is to only buy liability coverage. The illustration below compares auto insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premium estimates are based on no claims, a clean driving record, $500 deductibles, single marital status, and no discounts are applied to the premium.
If we average all the age groups together, full coverage costs an additional $1,961 per year more than just buying liability only. Many drivers will wonder if buying full coverage is a good investment. There is no definitive guideline to drop physical damage coverage on your policy, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than around 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.
For example, let’s assume your vehicle’s replacement cost is $10,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $9,000 after paying your deductible. If you are paying more than $900 a year for your policy with full coverage, then you may want to consider only buying liability coverage.
There are some cases where only buying liability is not in your best interest. If you haven’t satisfied your loan, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should not drop full coverage.
Discounts on Orlando insurance
Insurance providers that offer quotes for low mileage drivers may provide policy discounts that could reduce prices by as much as 25% or more if you are eligible for them. Companies and a partial list of their discounts include:
- Progressive may have discounts that include multi-policy, online quote discount, continuous coverage, homeowner, good student, and multi-vehicle.
- MetLife discounts include defensive driver, good student, good driver, claim-free, and multi-policy.
- Mercury Insurance policyholders can earn discounts including professional/association, low natural disaster claims, good driver, ease of repair, and accident-free.
- Nationwide may include discounts for easy pay, business or organization, anti-theft, Farm Bureau membership, and family plan.
- GEICO has discounts for federal employee, anti-theft, five-year accident-free, driver training, and multi-policy.
- AAA includes discounts for multi-car, education and occupation, good student, anti-theft, and multi-policy.
The example below shows the difference between premium costs with and without discounts applied to the policy premium. The premium estimates are based on a female driver, no violations or accidents, Florida state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with vehicle safety, marriage, claim-free, accident-free, passive restraint, and homeowner discounts applied. When drivers take advantage of discounts, theaverage amount saved on auto insurance for low mileage drivers is 28% or $706.
Irresponsible driving raises your rates
The recommended way to receive the most affordable auto insurance prices in Florida for infrequent drivers is to be a careful driver and avoid getting tickets or having accidents. The information below highlights how traffic violations and at-fault accidents raise insurance costs for different insured age categories. Data assumes a married male driver, comprehensive and collision coverage, $250 deductibles, and no additional discounts are factored in.
The data above shows the average cost of car insurance in Orlando per year with no violations or accidents is $2,487. Add in one speeding ticket and the average cost rises to $2,860, an increase of $372 each year. Now add in two accidents along with the one speeding ticket and the yearly cost of auto insurance for low mileage drivers jumps again to an average of $6,094. That’s an increase of $3,606, or $301 per month, just for not being more responsible behind the wheel!
How to find more affordable auto insurance for low mileage drivers
It is possible to find better rates, and here are some of the better thrifty suggestions that can help drivers buy low-cost car insurance.
- Prevent rate increases by staying accident-free
- Bundle home and auto and earn a discount
- Do not pay for comprehensive and collision coverage on older vehicles
- Do not get traffic citations
- Choose a safer vehicle and pay lower rates
- Earn a discount by not filing claims
- Shop around for cheaper prices
The last suggestion is certainly necessary, as we pointed out in this write-up. Prices vary considerably, so drivers shouldn’t be resistant to buy from a new company if you find a better deal. We understand brand loyalty, but it isn’t a good idea if that faithfulness ends up costing you a considerable chunk of change every month. Now is a great time to compare rates and find cheaper insurance for low mileage drivers in Orlando.
The insurance agents in Orlando listed below can most likely aid you in deciding which coverage fits your budget, since lots of people like to have a professional recommendation when comparing insurance rates for low mileage drivers. It can be difficult to find the best coverage on your own, and insurance agents can bring comfort knowing you have sufficient coverage for your assets.
To find an Orlando insurance agency close to you, click the button below the list or click here to compare price quotes.
- JCJ Insurance Agency LLC
2208 Hillcrest St – Orlando, FL 32803 – (321) 445-1117 - Leigh DelVesco – State Farm Insurance Agent
3806 Edgewater Dr – Orlando, FL 32804 – (407) 290-8544 - Helen Tallon – State Farm Insurance Agent
2813 S Hiawassee Rd #107 – Orlando, FL 32835 – (407) 522-9700 - Sikes Insurance Agency Inc
5145 Curry Ford Rd – Orlando, FL 32812 – (407) 282-5145