You have most likely seen the captivating ads from car insurance companies like Progressive and GEICO guaranteeing enormous savings, so you just need to choose the one with the best commercial, right?
Regrettably, it’s not quite that easy, as there are many unknown factors such as whether you just want liability only, how many years you have been driving, and the vehicle you drive, that all factor into the price you pay. We are going to cover the types of situations that result in high rates and will hopefully give you a good start to your coverage search.
One of the many components that are looked at to help calculate car insurance rates is where your residence is. Cities with more crime and/or more people will most likely pay more, whereas areas with lower crime rates and fewer weather claims have the enjoyment of a little cheaper coverage.
The information below shows the most expensive cities in Florida for good drivers in which to purchase auto insurance. Orlando is listed at #18 with an annual cost of $2,008 on average, which is around $167 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Hialeah | $3,488 |
| 2 | Miami | $3,177 |
| 3 | Miami Gardens | $3,149 |
| 4 | Miami Beach | $3,043 |
| 5 | West Palm Beach | $2,705 |
| 6 | Miramar | $2,683 |
| 7 | Hollywood | $2,630 |
| 8 | Pompano Beach | $2,595 |
| 9 | Fort Lauderdale | $2,550 |
| 10 | Tampa | $2,532 |
| 11 | Davie | $2,523 |
| 12 | Coral Springs | $2,474 |
| 13 | Pembroke Pines | $2,407 |
| 14 | Brandon | $2,392 |
| 15 | St. Petersburg | $2,263 |
| 16 | Clearwater | $2,238 |
| 17 | Spring Hill | $2,039 |
| 18 | Orlando | $2,008 |
| 19 | Port St. Lucie | $1,994 |
| 20 | Jacksonville | $1,980 |
| 21 | Lakeland | $1,883 |
| 22 | Cape Coral | $1,860 |
| 23 | Tallahassee | $1,801 |
| 24 | Palm Bay | $1,786 |
| 25 | Gainesville | $1,630 |
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Rates are approximated as specific location information can influence insurance rates significantly.
Determining which companies offer the best car insurance rates for good drivers will require a bit more effort than just comparing rates from one or two companies. Every insurance provider has their own guidelines to determine rates, so we will examine the car insurance companies with the most affordable rates in Florida.
We do need to point out that Orlando car insurance rates are determined by lots of factors which can substantially change the price you have to pay. Getting older, buying a different home, or getting caught speeding may prompt premium changes that may make certain companies much cheaper than others.
Find the Cheapest Auto Insurance for Good Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $957 |
| 2 | Amica | $1,694 |
| 3 | Electric | $1,712 |
| 4 | Progressive | $1,847 |
| 5 | Travelers | $1,869 |
| 6 | Mercury | $1,933 |
| 7 | Allied | $2,004 |
| 8 | Esurance | $2,040 |
| 9 | Auto-Owners | $2,085 |
| 10 | GEICO | $2,108 |
| 11 | State Farm | $2,110 |
| 12 | Allstate | $2,388 |
| 13 | 21st Century | $2,469 |
| 14 | Windhaven Insurance | $2,653 |
| 15 | MetLife | $2,900 |
| 16 | Safeco | $2,927 |
| 17 | Hanover | $2,934 |
| 18 | Liberty Mutual | $3,009 |
| 19 | United Automobile | $3,562 |
| 20 | Direct General | $3,902 |
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USAA may have some of the cheapest car insurance rates in Orlando at around $957 a year. Amica, Electric, Progressive, and Travelers also rank well as some of the cheapest Orlando, FL car insurance companies.
As shown in the table above, if you currently have coverage with Amica and switched to USAA, you may realize savings of about $737. Florida drivers with Electric might save as much as $755 a year, and Progressive insureds might cut rates by $890 a year.
Be aware that those rates are averaged for all ages of drivers and types of vehicles and and are not calculated with a specific location for good drivers. So the company that can offer the best rates for your situation may not even be in the top 21 companies shown above. That illustrates why you need to get car insurance quotes using your own driver data and vehicle information.
Safe drivers Orlando pay cheaper rates
One of the best ways to earn cheap car insurance rates for safe drivers is to drive carefully and avoid tickets and accidents. The illustration below demonstrates how citations and accident claims can affect annual premium costs for each age group. The data assumes a single male driver, comp and collision included, $250 deductibles, and no discounts are applied.
The data in the chart shows the average cost of auto insurance in Florida per year with a clean driving record and no accidents is $2,922. Get written up for two speeding tickets and the average cost swells to $3,874, an increase of $952 each year. Now add in one accident along with the two speeding tickets and the 12-month cost of car insurance for good drivers increases to an average of $4,848. That’s an increase of $1,926, or $161 per month, just for not driving attentively!
How to find a good Florida car insurance company
Finding the highest-rated insurance company can be rather challenging considering how many choices you have in Orlando. The rank data shown below may help you decide which auto insurers you want to consider when comparing rates.
These rankings include companies with a nationwide focus, so companies with more of a regional focus are not taken into consideration for the list. To get rate quotes from these top insurers and more, click this link.
Top 10 Large Auto Insurers in Orlando Ranked by A.M. Best Rating
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- The Hartford – A+
- Allstate – A+
- Nationwide – A+
Top 10 Large Auto Insurers in Orlando Ranked by Customer Service
- USAA
- Travelers
- Mercury Insurance
- AAA Insurance
- Nationwide
- Safeco Insurance
- Progressive
- State Farm
- The Hartford
- The General
Should you buy full coverage?
Lowering the price of car insurance is the goal of most drivers, and one of the quickest ways to find cheap insurance for good drivers is to buy only liability coverage. The chart below illustrates the difference between auto insurance costs with full coverage and liability only. The information is based on no driving violations, no at-fault accidents, $1,000 deductibles, drivers are not married, and no discounts are applied.
Averaged for all age groups, comprehensive and collision 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 you should buy full coverage at all. There is no specific rule to eliminate physical damage coverage, but there is a guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.
For example, let’s pretend your vehicle’s replacement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, you would only receive $4,000 after paying the physical damage deductible. If it’s costing you more than $400 annually for full coverage, the it may be a good time to stop paying for full coverage.
There are some circumstances where dropping full coverage is not in your best interest. If you haven’t satisfied your loan, you have to maintain full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should keep full coverage on your policy.
Low rates today, overpriced tomorrow
Florida car insurance rates are calculated based on many things which can substantially decrease or increase the cost of your policy. Simply turning a year older, buying a home instead of renting, or having an at-fault accident may cause policy rate changes resulting in some rates now being cheaper than competitors. Not only may your risk profile change, but companies change prices as often as every quarter in order to protect their financial rating. A period of increased losses can cause additional premium costs, while lower claim expenses may cause more affordable Orlando car insurance rates.
The data below compares the cheapest car insurance in Orlando, FL for a 35-year-old female driver with no prior accidents, a clean driving record, and good financial standing. If we compare prices based on her current risk profile, USAA offers the most affordable car insurance rates in Orlando at $1,215 each year. This is $1,233 less than the average premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers also make the list of the cheapest Orlando, FL auto insurance companies.
Now we will pretend the driver in the first chart some claims, a lower credit score, and a speeding citation. Since each auto insurance company uses their own calculation to determine rates, getting updated rate quotes may now show a different list of the cheapest Orlando car insurance companies as shown below.
USAA now has the cheapest car insurance in Orlando with Allied, Esurance, State Farm, and Auto-Owners also being competitive. This example demonstrates why consumers need to take the time to shop around when trying to find cheap auto insurance rates for good drivers. Insurance prices can be determined by many things and change substantially, so the best company two years ago may now be quite expensive.