Deciding which companies quote the best car insurance rates for drivers under 21 calls for a little more effort than just quoting one company’s rates. Every insurance company uses a little different formula for setting prices, so let’s take a look at the car insurance companies that tend to be cheaper in Florida.
Best Auto Insurance Prices for Minors
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $977 |
| 2 | Electric | $1,712 |
| 3 | Amica | $1,764 |
| 4 | Progressive | $1,793 |
| 5 | Travelers | $1,888 |
| 6 | Mercury | $1,914 |
| 7 | Allied | $1,926 |
| 8 | Esurance | $2,102 |
| 9 | State Farm | $2,110 |
| 10 | GEICO | $2,150 |
| 11 | Auto-Owners | $2,171 |
| 12 | 21st Century | $2,397 |
| 13 | Allstate | $2,411 |
| 14 | Windhaven Insurance | $2,575 |
| 15 | MetLife | $2,958 |
| 16 | Hanover | $2,964 |
| 17 | Safeco | $2,987 |
| 18 | Liberty Mutual | $3,039 |
| 19 | United Automobile | $3,457 |
| 20 | Infinity | $4,045 |
| Get Personalized Rates Go | ||
USAA quotes some of the lowest car insurance rates in Orlando at around $977 each year. Electric, Amica, Progressive, and Travelers also rank well as some of the more affordable Orlando, FL insurance companies.
As depicted above, if you currently buy coverage from Progressive and switched to Electric, you may see a yearly price reduction of about $81. Customers with Travelers may save as much as $176 a year, and Mercury insureds might reduce prices by as much as $202 a year.
If you would like to find cheaper car insurance rates, click here to start your custom quote or visit any of the low-priced companies below.
Bear in mind that those policy prices are averages for all types of drivers and the different vehicles they drive and are not factoring in a specific vehicle garaging location for drivers under 21. So the insurer that is best for you may not even be in the list above. That is why you need to get auto insurance quotes using your own driver information and specific vehicle type.
The vehicle requiring coverage is one of the biggest factors that determines whether or not you find low-priced auto insurance for drivers under 21. Vehicles with average performance, modern passenger safety features, or a positive history of liability claims will cost quite a bit less to insure than fast, unsafe models. The table below showcases insurance prices for some of the cheapest automobiles to insure.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 4WD | $4,686 |
| Honda Accord EX-L 4-Dr Sedan | $4,995 |
| Ford Escape Limited 4WD | $5,003 |
| Toyota Prius | $5,046 |
| Ford F-150 XLT Regular Cab 4WD | $5,189 |
| Volkswagen Jetta SE 2.5 Station Wagon | $5,355 |
| Ford Focus S 4-Dr Sedan | $5,445 |
| Ford Edge SEL AWD | $5,454 |
| Chevrolet Equinox LT AWD | $5,498 |
| Toyota Tacoma Double Cab 4WD | $5,508 |
| Dodge Grand Caravan Hero | $5,498 |
| Toyota RAV4 Sport 4WD | $5,505 |
| Chevrolet Malibu LT | $5,548 |
| Ford Explorer Limited AWD | $5,553 |
| Jeep Wrangler Unlimited Sport 4WD 4-Dr | $5,719 |
| Toyota Corolla LE | $5,807 |
| Chevrolet Impala LTZ | $5,813 |
| Get a Custom Quote Go | |
Price data assumes single male driver age 18, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium costs do not factor in specific Orlando, FL garaging location which can raise or lower price quotes substantially.
By looking at the data, we can expect cars like the Honda CR-V, Honda Accord, and Ford Escape are some of the most budget-friendly vehicles to insure for minors. The cost of auto insurance will tend to be higher just because there is more liability risk for drivers under 21, but generally speaking those specific models will tend to have the cheapest auto insurance rates available.
The chart below shows how choosing a deductible can affect insurance rates when trying to find cheap insurance for drivers under 21. The premiums assume a married male driver, full coverage, and no additional discounts are factored in.
As shown above, a 50-year-old driver could lower their policy premium by $348 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $524 by using a $1,000 deductible. Younger drivers, such as the 20-year-old example, could possibly save up to $1,162 each year by choosing larger deductibles on their policy.
When insureds make the decision to increase the deductibles on their policy, it is important to have additional funds squirreled away to allow you to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
Careless drivers pay higher rates
In a perfect world, the ideal way to score affordable car insurance prices for minors is to be a cautious driver and avoid accidents and traffic citations. The diagram below demonstrates how speeding tickets and accidents can raise annual premium costs for different age groups. The data is based on a married male driver, comprehensive and collision coverage, $500 deductibles, and no additional discounts are factored in.
In the prior example, the average cost of a car insurance policy in Orlando per year with no accidents or violations is $1,833. Get written up for one speeding ticket and the average cost swells to $2,104, an increase of $271 each year. Now include two accidents along with the one speeding ticket and the yearly cost of car insurance for drivers under 21 increases to an average of $4,480. That’s an increase of $2,647, or $221 per month, just for not being attentive to the road!
How to find budget-friendly car insurance for drivers under 21
The list below details some of the recommended penny-pinching ideas that can help Orlando drivers quote lower-cost car insurance.
- Improve your credit rating
- Higher deductibles mean lower rates
- Serious violations like DUI or reckless driving can increase rates dramatically
- Avoid having at-fault accidents
- Buy safe vehicles
- Do not pay for full coverage on older vehicles
- Compare rate quotes often
The last tip is particularly valuable, as we hit on in this piece. Car insurance rates fluctuate constantly, so you should be ready to change insurance companies if a more affordable price is available. Many consumers stick with the same company and that’s fine, but it isn’t a good idea if it’s costing you several hundred dollars every year. It only take a few minutes to shop around and find cheaper auto insurance for drivers under 21 in Orlando.
The professional agents shown below are a good start to help you decide which car insurance company is the best fit, as lots of drivers aren’t clear which coverage they need and would like to get some help when shopping for the best coverage for drivers under 21. It can be hard to find the best rates on your own, so getting advice from a licensed Florida insurance agent can bring satisfaction knowing your policy gives you sufficient protection if you have a claim.
To find an Orlando insurance agency close to you, click the link after the list or click here to get price quotes now.
- Allstate Insurance: Domingo Bravo
9330 Narcoossee Rd – Orlando, FL 32827 – (407) 281-6300 - Sikes Insurance Agency Inc
5145 Curry Ford Rd – Orlando, FL 32812 – (407) 282-5145 - Justin Bauknight – State Farm Insurance Agent
2507 Curry Ford Rd – Orlando, FL 32806 – (407) 898-2041