Establishing which insurers offer the cheapest auto insurance rates with multiple speeding tickets takes a tad more effort than just comparing a company or two. Every insurance provider has a unique formula for determining prices, so let’s take a look at the auto insurance companies that tend to have lower prices in Florida.
It’s important that readers know that Orlando, FL auto insurance rates are based on many factors that will increase or decrease the price of your policy. Improving your credit score, adding a teenager to your policy, or getting a ticket for careless driving may generate price changes resulting in some rates now being cheaper than others.
Find the Cheapest Auto Insurance with License Points
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $957 |
| 2 | Electric | $1,712 |
| 3 | Amica | $1,746 |
| 4 | Progressive | $1,793 |
| 5 | Allied | $1,926 |
| 6 | Mercury | $1,933 |
| 7 | Travelers | $1,945 |
| 8 | Esurance | $2,040 |
| 9 | State Farm | $2,131 |
| 10 | Auto-Owners | $2,149 |
| 11 | GEICO | $2,172 |
| 12 | 21st Century | $2,373 |
| 13 | Allstate | $2,388 |
| 14 | Windhaven Insurance | $2,627 |
| 15 | MetLife | $2,900 |
| 16 | Hanover | $2,964 |
| 17 | Liberty Mutual | $3,009 |
| 18 | Safeco | $3,016 |
| 19 | United Automobile | $3,422 |
| 20 | Infinity | $4,045 |
| Find Your Rate Go | ||
USAA has some of the lowest car insurance rates in Orlando at around $957 each year. This is $1,491 less than the average policy premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Allied also qualify as some of the cheaper Orlando, FL insurance companies.
As shown above, if you are insured with Progressive and switched to Electric, you could earn a yearly savings of in the vicinity of $81. Policyholders with Allied may save as much as $214 a year, and Mercury insureds might reduce rates by $221 a year.
To compare your rates to other Florida insurance companies, click here to start your free quote or visit any of the low-priced companies below.
These premium estimates are averaged across all drivers and vehicles and and are not figured with a specific vehicle garaging location with multiple speeding tickets. So the car insurance company that fits you best may not even be in the list above. That helps illustrate why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.
The type of vehicle driven is probably the most important factor that determines if you can find the cheapest insurance with multiple speeding tickets. Vehicles with reasonable performance levels, a great safety record, or a positive history of liability claims will cost quite a bit less to insure than higher performance models.
The data below ranks auto insurance premiums for a number of the most budget-friendly vehicles to insure.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $1,808 |
| Hyundai Elantra GLS Touring Station Wagon | $1,973 |
| Honda Accord LX 4-Dr Sedan | $1,979 |
| Toyota Prius | $2,008 |
| Ford Explorer XLT 2WD | $2,021 |
| Ford Escape XLT 4WD | $2,023 |
| Dodge Grand Caravan CV | $2,153 |
| Toyota Tacoma 4WD | $2,216 |
| Chevrolet Impala LS | $2,282 |
| Jeep Wrangler Unlimited Sport 2WD 4-Dr | $2,285 |
| Honda Odyssey Touring | $2,300 |
| Ford F-150 Lariat Crew Cab 4WD | $2,328 |
| GMC Sierra SLE Regular Cab 2WD | $2,333 |
| Toyota RAV4 Sport 2WD | $2,341 |
| Chevrolet Silverado 3500HD LT Crew Cab 2WD | $2,341 |
| Find Cheaper Rates Go | |
Data variables include single male driver age 30, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, and multi-vehicle. Rate quotes do not factor in garaging location in Orlando, FL which can revise rates greatly.
Based upon these rates, you can infer that vehicles like the Honda CR-V, Hyundai Elantra, Honda Accord, and Toyota Prius will definitely be the most affordable vehicles to insure after a few driving violations.
Full coverage rates compared to liability-only
Reducing the cost of auto insurance is probably important to the majority of people, and an effective way to pay lower rates for insurance with multiple speeding tickets is to only buy liability coverage. The chart below compares insurance costs with full physical damage coverage and with liability coverage only. The prices are based on no accidents, no driving violations, $250 deductibles, single marital status, and no discounts are applied to the premium.
As an overall average, comprehensive and collision coverage on your policy costs $2,186 per year more than just insuring for liability. That is a significant amount which raises the question when is it safe to stop buying full coverage. There is no clear-cut rule of when to eliminate full coverage, but there is a general convention. If the yearly cost for physical damage coverage is more than about 10% of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.
For example, let’s pretend your vehicle’s settlement value is $8,500 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $7,500 after paying the physical damage deductible. If you are paying in excess of $750 a year for full coverage, then you might want to consider buying only liability coverage.
There are some cases where buying only liability insurance is not a good plan. If you still owe a portion of the original loan, you have to carry full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not buy liability only.
Discounts on Orlando car insurance rates
Insurance providers that offer quotes with multiple speeding tickets may additionally offer discounts that could lower prices by as much as 30% if you qualify for them. Companies and their offered discounts are included below.
- State Farm may have discounts that include student away at school, Drive Safe & Save, accident-free, defensive driving training, good driver, driver’s education, and anti-theft.
- GEICO policyholders can earn discounts including membership and employees, good student, multi-vehicle, air bags, and federal employee.
- Allstate has discounts for auto/life discount, resident student, anti-lock brakes, early signing, and premier discount.
- SAFECO may offer discounts for bundle discounts, teen safety rewards, anti-theft, multi-car, teen safe driver, and homeowner.
- Farm Bureau may include discounts for 55 and retired, multi-vehicle, driver training, multi-policy, youthful driver, and renewal discount.
- Progressive includes discounts for homeowner, multi-policy, multi-vehicle, online signing, and online quote discount.
- AAA offers discounts including multi-car, education and occupation, multi-policy, good driver, good student, pay-in-full, and anti-theft.
The diagram below compares auto insurance costs with and without discounts. The data is based on a male driver, two violations and no at-fault accidents, Florida state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with anti-theft, paid-in-full, passive restraint, multiple policy, paperless filing, and marriage discounts applied. When taking advantage of discounts, the average amount saved each year on auto insurance with multiple speeding tickets is 28% or $977.
Poor driving habits will raise your auto insurance rates
The obvious way to enjoy the most affordable auto insurance prices after a few driving violations is to drive safe and not have accidents or get tickets. The chart below demonstrates how speeding tickets and at-fault accidents drive up car insurance rates for each different age group. The rates are based on a single female driver, comp and collision included, $1,000 deductibles, and no additional discounts are factored in.
In the example above, the average cost of car insurance in Florida per year with no accidents and a clean driving record is $2,224. Get two speeding tickets and the average cost hikes up to $2,964, an increase of $740 each year. Next add two accidents along with the two speeding tickets and the yearly cost of auto insurance with multiple speeding tickets increases to an average of $6,080. That’s an increase of $3,856, or $321 per month, just for not being a responsible driver!
You may be paying too much for car insurance
Florida auto insurance rates are calculated based on many things that control the cost of having a policy. Improving your credit rating, buying a different home, or getting caught speeding can cause premium changes that can now make some companies cheaper than competitors.
Not only may things change on your end, but companies change prices every year as an adjustment for underwriting gains or losses. Heavier than normal losses may cause higher priced premiums, while a profitable period can cause lower-priced Orlando car insurance rates.
As an example, the graph below shows the cheapest car insurance in Orlando, FL for a 45-year-old male driver with no violations or accidents, and a good credit rating. If we estimate rates based on his personal risk profile, USAA might offer the lowest car insurance rates in Orlando at $1,240 a year. This is $1,208 less than the average rate paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers are the remaining cheapest Orlando, FL auto insurance companies.
The example below compares rates after we give the driver from the first example a couple of claims, less-than-perfect credit, and an imperfect driving record. Due to the fact that every auto insurer has a different process for setting prices, comparing prices may result in a new list of affordable companies as shown below.
USAA now has the cheapest auto insurance in Orlando, FL with Allied, Esurance, State Farm, and GEICO completing the list. This demonstrates why Orlando drivers need to compare lots of rates to find the best car insurance quotes with multiple speeding tickets. Rates are made up of many risk factors and can change substantially, so the cheapest company the last time you compared rates may now be one of the higher cost companies.