The make and model of vehicle you are insuring is probably the most important factor that determines the availability of low-cost insurance for unemployed drivers. Vehicles with lots of horsepower, a lack of advanced safety features, or a history of substantial liability claims will cost much more to insure than safer, lower-performance models. The next list features coverage premiums for some of the most budget-friendly vehicles to insure.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 2WD | $1,018 |
| Honda CR-V LX 2WD | $1,112 |
| Ford F-150 XL Regular Cab 4WD | $1,144 |
| Toyota Tacoma Double Cab 4WD | $1,230 |
| Ford Focus SES 4-Dr Sedan | $1,245 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,254 |
| Toyota Prius | $1,275 |
| Honda Odyssey Touring | $1,294 |
| GMC Sierra SLE Crew Cab 2WD | $1,304 |
| Ford Fusion SEL 4-Dr Sedan | $1,294 |
| Toyota RAV4 Limited 4WD | $1,314 |
| Chevrolet Malibu Hybrid | $1,321 |
| Chevrolet Equinox LS 2WD | $1,314 |
| GMC Sierra 3500HD SLE Regular Cab 2WD | $1,317 |
| Chevrolet Silverado 3500HD LTZ Crew Cab 2WD | $1,341 |
| Jeep Wrangler Unlimited Sport 2WD 4-Dr | $1,344 |
| Dodge Grand Caravan Crew | $1,349 |
| Honda Accord LX-S 2-Dr Coupe | $1,353 |
| Toyota Camry Hybrid | $1,378 |
| Toyota Camry Hybrid | $1,386 |
| Ford Explorer Limited AWD | $1,381 |
| Dodge Ram 3500 Crew Cab Laramie 2WD | $1,388 |
| Toyota Corolla LE | $1,383 |
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Table data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Rates do not factor in zip code location which can revise prices greatly.
Based upon these rates, you can presume that vehicles like the Ford Escape, Honda CR-V, and Ford F-150 are most likely to be a few of the cheapest vehicles to insure for the unemployed.
One of the many things that are looked at to determine car insurance rates is where you live. Areas with more people or higher crime rates likely pay more, whereas areas with fewer weather claims and lower vehicle theft rates have the benefit of cheaper car insurance.
The next table shows the most expensive places in Florida for unemployed drivers to buy car insurance in. Orlando is ranked #19 with an annual rate of $2,008 on average, which is about $167 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Hialeah | $3,488 |
| 2 | Miami Gardens | $3,181 |
| 3 | Miami | $3,145 |
| 4 | Miami Beach | $2,953 |
| 5 | West Palm Beach | $2,705 |
| 6 | Miramar | $2,603 |
| 7 | Fort Lauderdale | $2,576 |
| 8 | Tampa | $2,558 |
| 9 | Pompano Beach | $2,543 |
| 10 | Hollywood | $2,526 |
| 11 | Pembroke Pines | $2,505 |
| 12 | Coral Springs | $2,474 |
| 13 | Davie | $2,473 |
| 14 | Brandon | $2,368 |
| 15 | St. Petersburg | $2,196 |
| 16 | Clearwater | $2,194 |
| 17 | Spring Hill | $2,039 |
| 18 | Jacksonville | $2,020 |
| 19 | Orlando | $2,008 |
| 20 | Port St. Lucie | $1,935 |
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Premium amounts are comparative as the specific Orlando residence address can affect rates noticeably.
Finding good, cheap insurance is difficult, and determining which insurers offer the most affordable car insurance rates for unemployed drivers will involve even more perseverance.
Each auto insurer has a different formula to set policy rates, so let’s begin by examining the car insurance companies with the overall best prices in Florida.
Find the Cheapest Car Insurance for Job Seekers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $977 |
| 2 | Electric | $1,712 |
| 3 | Amica | $1,764 |
| 4 | Progressive | $1,829 |
| 5 | Mercury | $1,914 |
| 6 | Travelers | $1,945 |
| 7 | Allied | $2,004 |
| 8 | Esurance | $2,020 |
| 9 | State Farm | $2,068 |
| 10 | Auto-Owners | $2,085 |
| 11 | GEICO | $2,172 |
| 12 | Allstate | $2,411 |
| 13 | 21st Century | $2,469 |
| 14 | Windhaven Insurance | $2,575 |
| 15 | MetLife | $2,900 |
| 16 | Hanover | $2,934 |
| 17 | Safeco | $2,987 |
| 18 | Liberty Mutual | $3,009 |
| 19 | United Automobile | $3,457 |
| 20 | Direct General | $4,062 |
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USAA quotes some of the best car insurance rates in Orlando at around $977 each year. This is $1,471 less than the average premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Mercury also are some of the cheaper Orlando, FL insurance companies.
As illustrated above, if you are a policyholder with Mercury and switched to Electric, you might see yearly savings of roughly $202. Policyholders with Travelers could save as much as $233 a year, and Allied policyholders might reduce prices by as much as $292 a year.
To find out how your current rates compare, click here to get quotes or click through to the companies below.
It’s important to note that these policy prices are averages across all ages of drivers and types of vehicles and and are not figured with a specific zip code for unemployed drivers. So the company that has the cheapest price for you may not even be in the top 21 companies in the list above. That point stresses why you need to quote rates from many companies using your own specific driver and vehicle information.
Discount Orlando insurance
Insurance providers that provide coverage for unemployed drivers may additionally offer special discounts that can lower rates by as much as 40% or more if you meet specific eligibility requirements. A list of companies and their possible discounts can be read below.
- GEICO may include discounts for defensive driver, military active duty, emergency military deployment, membership and employees, and multi-policy.
- Travelers may offer discounts for hybrid/electric vehicle, multi-car, save driver, home ownership, and student away at school.
- Nationwide has savings for multi-policy, good student, easy pay, accident-free, Farm Bureau membership, defensive driving, and business or organization.
- Farmers Insurance offers discounts for pay in full, electronic funds transfer, multi-car, homeowner, and teen driver.
- Esurance may have discounts that include anti-theft, emergency road assistance, online shopper, claim free, Pac-12 alumni, defensive driver, and renters.
- State Farm offers premium reductions for safe vehicle, good student, Steer Clear safe driver discount, good driver, multiple autos, passive restraint, and Drive Safe & Save.
- Progressive has discounts for good student, online signing, online quote discount, multi-vehicle, multi-policy, and continuous coverage.
- Mercury Insurance discounts include location of vehicle, ease of repair, type of vehicle, accident-free, good student, and age of vehicle.
The chart below shows the difference between car insurance rates with and without discounts applied to the policy premium. The information is based on a female driver, no claims or driving citations, Florida state minimum liability limits, full coverage, and $1,000 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with defensive driving course, passive restraint, homeowner, safe-driver, claim-free, and multiple vehicle discounts applied. When discounts are factored in, theaverage amount saved on car insurance for unemployed drivers is 28% or $465.
The information below shows how choosing a deductible can increase or decrease premium costs when researching cheap insurance for unemployed drivers. The premium estimates are based on a married female driver, full coverage, and no discounts are applied to the premium.
In the chart above, a 40-year-old driver could lower their car insurance rates by $286 a year by changing from a $100 deductible up to a $500 deductible, or save $432 by using a $1,000 deductible. Youthful drivers, such as the 20-year-old example, could drop their prices $708 or even more by using higher deductibles when buying full coverage. When increasing deductibles, it’s a good idea to have enough savings to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
Safe drivers pay cheaper rates
The obvious way to maintain cheap car insurance premiums in Florida for the unemployed is to be a careful driver and have a clean driving record. The chart below shows how speeding tickets and accidents can impact insurance costs for different categories of driver ages. The prices are based on a single female driver, full physical damage coverage, $1,000 deductibles, and no other discounts are factored in.
In the example above, the average cost of an auto insurance policy per year with no violations or accidents is $2,224. Receive two speeding tickets and the average cost surges to $2,964, an increase of $740 each year. Now include two accidents along with the two speeding tickets and the annual cost of car insurance for unemployed drivers jumps again to an average of $6,080. That’s an increase of $3,856, or $321 per month, just for not driving safely!
Low rates today, overpriced tomorrow
Orlando, FL car insurance rates are impacted by many factors that may substantially change the price you pay for coverage. Simply having another birthday, buying higher coverage limits, or getting a speeding ticket may cause policy rate changes that can cause some rates to be cheaper than competitors.
And not only may your rating factors change, but insurers change rates without warning in order to be able to pay unexpected claims. A period of increased losses may result in a rate increase, while lower claim levels may produce lower-priced Orlando car insurance rates.
To illustrate this example, the chart below shows the company with the cheapest car insurance in Orlando, FL for a 45-year-old female driver with no accidents, a clean driving record, and excellent credit. If we estimate rates based on her current risk factors, USAA might offer the best car insurance rates in Orlando at $1,168 per year. This is $1,280 less than the average policy premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Mercury are the remainder of the most affordable Orlando, FL auto insurance companies.
Let’s now give the driver in the first example an accident claim, a lower credit rating, and a blemish on her driving record. Due to the fact that each insurance company has their own formula to establish rates, getting updated rate quotes may now show a different list of the cheapest car insurance companies in Orlando as shown below.
USAA now has the lowest price in Orlando, FL with Travelers, Esurance, State Farm, and GEICO also having competitive pricing. This shows why it is critical to perform a complete rate comparison to find the lowest car insurance rates for unemployed drivers. Insurance rates are calculated by many different factors and can decrease or increase without notice, so the most economical company the last time you shopped your coverage around may now be wasting a lot of money.