Are you trying to find more affordable insurance rates in Oviedo, FL? Having to pay for expensive insurance in Oviedo can bottom out your family's budget and make it tough to pay other bills. Getting a rate comparison is free and is an excellent way to lower your monthly bill.

Inconceivable but true, over 70% of consumers have remained with the same insurance company for well over three years, and just short of a majority have never taken the time to shop around. With the average premium in the U.S. being $1,847, drivers could save themselves as much as 47% a year just by getting comparison quotes, but they just don't want to save money by comparing rate quotes.

Multiple auto insurance companies compete for your insurance dollar, so it can be very hard to choose a insurer to get the best rate on insurance.

You should take the time to check insurance prices on a regular basis because insurance prices are usually higher with each renewal. Just because you found the lowest price on insurance a few years ago a different company probably has better rate quotes today. Block out anything you think you know about insurance because I'm going to let you in on the secrets to the quickest way to properly buy coverages while reducing your premium.

If you are already insured, you will be able to lower your rates using the tips covered below. Locating the most cost-effective auto insurance policy in Oviedo is actually very simple if you learn how to start. Nevertheless, Florida consumers can benefit by having an understanding of the way insurance companies calculate their prices and use it to your advantage.

Cheapest car insurance companies in Oviedo

The companies shown below have been selected to offer free quotes in Florida. In order to find the cheapest car insurance in Florida, it's a good idea that you visit as many as you can to get the best price comparison.

Insurance Cost Estimates for Popular Vehicles in Oviedo
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Silverado LTZ Extended Cab 2WD $1,866 $933 $156
Dodge Ram Quad Cab Sport 4WD $1,284 $642 $107
Ford Escape Limited 4WD $1,222 $611 $102
Ford F-150 XL Crew Cab 2WD $1,186 $593 $99
Ford Focus S 4-Dr Sedan $1,370 $685 $114
GMC Sierra SL Crew Cab 2WD $1,378 $689 $115
Honda Accord EX 2-Dr Coupe $1,604 $802 $134
Honda CR-V LX 4WD $1,110 $555 $93
Honda Civic EX 2-Dr Coupe $1,820 $910 $152
Hyundai Sonata GLS 4-Dr Sedan $1,714 $857 $143
Nissan Altima 3.5 SR 4-Dr Sedan $1,158 $579 $97
Nissan Rogue SL 2WD $1,534 $767 $128
Toyota Camry LE $1,408 $704 $117
Toyota Corolla XRS $1,570 $785 $131
Toyota Prius $1,046 $523 $87
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Price information does not factor in vehicle garaging location which can lower or raise premium rates significantly.

Irresponsible driving raises your rates

The example below demonstrates how citations and at-fault collisions influence Nissan Sentra auto insurance rates for each age group. Data assumes a single male driver, comp and collision included, $100 deductibles, and no discounts are taken into consideration.

Nissan Sentra rates are for example purposes only. To get rates for your specific vehicle, click here.

Raise deductibles and save

One common question asked by Oviedo drivers is how high should the physical damage deductibles be. The figures shown below can help you understand the cost difference when you buy lower versus higher physical damage deductibles. The first rate comparisons uses a $100 deductible for comp and collision and the second data table uses a $1,000 deductible.

Toyota Corolla rates are for example purposes only. To get rates for your specific vehicle, click here.

Toyota Corolla insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $358 $764 $418 $24 $124 $1,713 $143
Corolla S $358 $764 $418 $24 $124 $1,713 $143
Corolla XLE $358 $764 $418 $24 $124 $1,713 $143
Corolla XRS $406 $764 $418 $24 $124 $1,761 $147
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Toyota Corolla insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $200 $402 $418 $24 $124 $1,168 $97
Corolla S $200 $402 $418 $24 $124 $1,168 $97
Corolla XLE $200 $402 $418 $24 $124 $1,168 $97
Corolla XRS $224 $402 $418 $24 $124 $1,192 $99
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Premium costs do not factor in vehicle location which can impact coverage rates considerably.

Based on this data, we can arrive at the conclusion that using a $100 deductible will cost you roughly $46 more each month or $552 each year than requesting the higher $1,000 deductible. Because you would pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average at least 20 months between claim filings, you would probably come out ahead going with the higher deductible.

How to determine when to raise your deductibles

Average monthly premium for $100 deductibles: $144
Average monthly premium for $1,000 deductibles (subtract): - $98
Monthly savings from raising deductible: $46
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $46
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

One big caveat is that a higher deductible level means you will have to cover more of the damage yourself when you file a claim. You will want to have some available funds in order to pay more for the deductible.

Informed consumers save more

One of the most helpful ways to save on car insurance is to to have a grasp of some of the elements that come into play when calculating car insurance rates. If you have a feel for what determines base rates, this enables you to make decisions that will entitle you to much lower annual insurance costs. Lots of factors are part of the equation when quoting car insurance. A few of the factors are predictable such as your driving history, but other criteria are not quite as obvious like where you live or your commute time.

Lower rates by qualifying for discounts

Insurance can be prohibitively expensive, but there could be available discounts that may help make it more affordable. Larger premium reductions will be automatically applied at the time of quoting, but some discounts are required to be asked about before being credited.Discount auto insurance

As a sidenote, most discount credits are not given to the overall cost of the policy. Some only apply to specific coverage prices like liability and collision coverage. So despite the fact that it appears all those discounts means the company will pay you, companies wouldn't make money that way.

A list of companies and some of the discounts can be found below.

Before you buy a policy, ask each company or agent what discounts are available to you. Some credits may not apply to policies in your area. To see a list of providers that offer the discounts shown above in Oviedo, click here.

Insurance is unique, just like you

Always keep in mind that when comparing coverage, there really is no cookie cutter policy. Each situation is unique and a cookie cutter policy won't apply.Drive safe and save For instance, these questions may help highlight if your situation will benefit from professional help.

If you're not sure about those questions but you think they might apply to your situation, you may need to chat with an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of insurance companies in your area.

Find affordable rates by being thorough

We've covered some good ideas how you can compare auto insurance rates in Oviedo. The key thing to remember is the more quotes you get, the higher your chance of finding affordable Oviedo auto insurance quotes. You may even discover the most savings is with a company that doesn't do a lot of advertising. Smaller companies may cover specific market segments cheaper than the large multi-state companies such as GEICO and State Farm.

Affordable auto insurance in Oviedo is definitely available online in addition to many Oviedo insurance agents, and you need to comparison shop both to have the best selection. Some insurance companies may not provide internet price quotes and these small insurance companies only sell through local independent agents.

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