Establishing which companies have the cheapest auto insurance rates for 17 year olds will require a little more sweat in order to find the lowest price quote.
Every insurance company uses a slightly different approach to determine premium rates, so let’s take a look at the auto insurance companies with the overall best prices in Orlando, FL. It’s important to understand that Florida auto insurance rates are based on many factors which can substantially decrease or increase the policy price. Simply having a birthday, moving to a different location, or getting a speeding ticket can cause premium changes that can now make some companies cheaper than competitors.
Lowest Insurance Price Quotes for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $957 |
| 2 | Electric | $1,746 |
| 3 | Amica | $1,764 |
| 4 | Progressive | $1,847 |
| 5 | Allied | $1,926 |
| 6 | Travelers | $1,926 |
| 7 | Mercury | $1,933 |
| 8 | Esurance | $2,082 |
| 9 | Auto-Owners | $2,107 |
| 10 | GEICO | $2,108 |
| 11 | State Farm | $2,131 |
| 12 | Allstate | $2,411 |
| 13 | 21st Century | $2,469 |
| 14 | Windhaven Insurance | $2,575 |
| 15 | MetLife | $2,870 |
| 16 | Hanover | $2,964 |
| 17 | Safeco | $3,016 |
| 18 | Liberty Mutual | $3,101 |
| 19 | United Automobile | $3,422 |
| 20 | Direct General | $4,022 |
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USAA generally has some of the lowest car insurance rates in Orlando at around $957 per year. This is $1,491 less than the average premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Allied are also some of the cheaper Orlando, FL car insurance companies.
As illustrated above, if you have coverage with Progressive and switched to Electric, you could see annual savings of about $101. Insureds with Allied may save as much as $180 a year, and Travelers customers might reduce prices by as much as $180 a year.
Understand that those prices are averaged across all ages of drivers and types of vehicles and and are not figured with an exact vehicle garaging location for 17 year olds. So the car insurance company that can offer you the best rate may not even be in the list above. That affirms the importance of why you need to get car insurance quotes using your own driver and vehicle profiles.
For teen drivers, one of the largest considerations that are used to help calculate the amount you pay each year for auto insurance is where your car is garaged. Areas with more people or more claims will most likely pay more, whereas areas with less crime or weather claims have the gratification of cheaper auto insurance rates.
The information below sorts the most costly cities in Florida for 17 year olds to purchase auto insurance in. Orlando is ranked #18 with an annual rate of $2,090 for the average policyholder, which is approximately $174 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Hialeah | $3,630 |
| 2 | Miami | $3,273 |
| 3 | Miami Gardens | $3,181 |
| 4 | Miami Beach | $3,013 |
| 5 | Miramar | $2,683 |
| 6 | West Palm Beach | $2,679 |
| 7 | Tampa | $2,558 |
| 8 | Hollywood | $2,552 |
| 9 | Pompano Beach | $2,518 |
| 10 | Pembroke Pines | $2,505 |
| 11 | Fort Lauderdale | $2,500 |
| 12 | Coral Springs | $2,474 |
| 13 | Davie | $2,473 |
| 14 | Brandon | $2,392 |
| 15 | St. Petersburg | $2,263 |
| 16 | Clearwater | $2,260 |
| 17 | Spring Hill | $2,102 |
| 18 | Orlando | $2,090 |
| 19 | Port St. Lucie | $1,994 |
| 20 | Jacksonville | $1,980 |
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Annual rates are estimated as the specific area where the vehicle is garaged can alter coverage prices greatly.
The vehicle to be insured is probably the largest consideration when comparing low-priced coverage for 17 year olds. Vehicles with limited speed and performance, good crash test ratings, or a low likelihood of liability claims will cost substantially less to insure than fast, unsafe models.
The table below features auto insurance rates for the cheapest automobiles to buy coverage for.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $4,452 |
| Honda CR-V EX-L 4WD | $4,499 |
| Ford Escape Limited 2WD | $4,508 |
| Toyota Prius | $4,838 |
| Ford F-150 XL Crew Cab 2WD | $4,994 |
| Ford Explorer XLT AWD | $5,004 |
| Jeep Wrangler Sahara 4WD 2-Dr | $4,994 |
| Honda Odyssey EX W/Rear Entertainment | $5,238 |
| Chevrolet Impala LS | $5,246 |
| Toyota RAV4 Limited 2WD | $5,285 |
| Chevrolet Equinox LS 2WD | $5,293 |
| Volkswagen Jetta LE 4-Dr Sedan | $5,285 |
| Toyota Camry LE | $5,295 |
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Data rating is based on single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, and claim-free. Price information does not factor in Orlando, FL location which can raise or lower auto insurance rates considerably.
Based upon these rates, you can infer that models like the Hyundai Elantra, Honda CR-V, Ford Escape, and Toyota Prius are most likely going to be the less-costly vehicles to insure for teen drivers. Auto insurance rates will be higher anyway just due to the fact that there is more claim risk for 17 year olds, but in general those particular vehicles will probably have the cheapest rates that you are likely to find.
Florida auto insurance companies
Selecting a good quality insurer can be a challenge considering how many companies there are to choose from in Florida. The rank data in the next section can help you pick which car insurance providers you want to consider shopping your coverage with. The ratings below are for insurance companies that insure vehicles in the majority of U.S. states, so companies with more of a regional focus are not factored into these rankings.
Top 10 Major Auto Insurance Companies Overall in Orlando
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
Top 10 Major Auto Insurance Companies in Orlando Ranked by Customer Service
- USAA
- Travelers
- Mercury Insurance
- AAA Insurance
- Nationwide
- Safeco Insurance
- Progressive
- State Farm
- The Hartford
- The General
Get discounts on Orlando auto insurance
Insurance companies that provide coverage for 17 year olds may have policy discounts that can reduce rates by 25% or more if you meet the requirements. Large auto insurance companies and a partial list of their discounts include:
- GEICO offers discounts for anti-theft, military active duty, good student, emergency military deployment, air bags, anti-lock brakes, and seat belt use.
- Auto-Owners Insurance has savings for safe vehicle, mature driver, multiple vehicles, group or association, good student, paperless, and teen driver.
- American Family has discounts for TimeAway discount, multi-vehicle, early bird, air bags, defensive driver, and accident-free.
- Esurance includes discounts for defensive driver, Switch & Save, DriveSense, paid-in-full, safety device, good driver, and good student.
- Progressive offers premium reductions for good student, multi-vehicle, online signing, online quote discount, and continuous coverage.
- State Farm may include discounts for good driver, driver’s education, student away at school, anti-theft, safe vehicle, accident-free, and Steer Clear safe driver discount.
- AAA may offer discounts for education and occupation, AAA membership discount, good driver, multi-car, and good student.
The example below illustrates the comparison of insurance prices with and without discounts applied to the policy rates. The prices are based on a male driver, no claims or driving citations, Florida state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with good student, continuous coverage, anti-theft, passive restraint, paperless filing, and vehicle safety discounts applied. With discounts applied, the average savings per year on auto insurance for 17 year olds is 28% or $773.
Here’s why price comparisons are so important
Florida auto insurance rates are impacted by many things which can substantially decrease or increase the cost of a policy. Getting older, becoming a homeowner, or getting into an accident can trigger rate changes resulting in some rates now being more affordable than competitors. Not only may your situation change, but companies change premium rates every year to help ensure profitability. Heavier than normal losses may cause additional price hikes, while less frequent claims can produce cheaper Orlando car insurance rates.
To illustrate this point, the graph below compares the cheapest car insurance in Orlando, FL for a 40-year-old female driver with no violations or accidents, and great credit. If we look at prices based on her current risk factors, USAA might offer the lowest car insurance rates in Orlando at $1,122 annually. This is $1,326 less than the average price paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers are the remaining cheapest Orlando, FL auto insurance companies.
Now we will give the driver from above a couple of claims, a lower credit score, and a traffic ticket or two. Since each auto insurer has a proprietary formula to set their prices, comparing insurance quotes may now show a significantly different list of companies as shown below.
USAA now has the lowest price in Orlando with Allied, Esurance, Auto-Owners, and State Farm now being in the top five. This example demonstrates why drivers need to compare many different companies when trying to find the cheapest auto insurance quotes for 17 year olds. Car insurance prices can be altered by many different factors and change dramatically, so the best option three years ago may now cost much more than other companies.
How to find budget-friendly car insurance for 17 year olds
It’s not impossible to find cheaper rates, and here are some of the better thrifty ideas that can help drivers get cheap coverage.
- Claim-free drivers earn discounts
- Get cheaper liability coverage by choosing a safer vehicle
- Save money by observing traffic laws and speed limits
- Accidents can significantly increase rates
- Multi-policy discounts save money
- Compare price quotes at least once a year
The last suggestion is especially significant, as was affirmed in this write-up. Prices can be changed at any time, so don’t be afraid to switch to a new company if you find a better deal. Many drivers have brand loyalty and that’s fine, but it isn’t a good idea if that inflexibility results in costing you hundreds every year. Take a couple minutes and compare rates to find cheaper auto insurance for 17 year olds in Orlando.