Are you tired of overpaying and want lower-priced car insurance rates in Ocala, FL? Getting discount quotes on the internet can be intimidating for vehicle owners new to price shopping over the internet. When there are so many companies competing online, how can vehicle owners be able to compare every possible option in order to find the best price?

Inconceivable but true, a large majority of drivers have purchased from the same company for at least the last four years, and virtually 40% of consumers have never taken the time to shop around. Consumers in Florida can save $1,130 each year by just comparing quotes, but they don't want to take the time to compare rate quotes.

It's a good idea to check car insurance prices yearly since insurance prices are variable and change quite frequently. Just because you found the lowest rates on car insurance at your last renewal there is a good chance you can find better premium rates now. Ignore everything you know about car insurance because you're going to learn one of the quickest ways to remove unneeded coverages and save money.

Auto insurance companies offering low-cost rate quotes in Florida

The companies shown below are our best choices to provide price comparisons in Florida. If multiple companies are listed, it's a good idea that you visit two to three different companies to get the most affordable price.

Insurance Rates for Popular Vehicles in Ocala
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Equinox LTZ AWD $1,604 $802 $134
Chevrolet Malibu LS $1,148 $574 $96
Chevrolet Silverado LS Extended Cab 4WD $1,264 $632 $105
Dodge Grand Caravan SE $1,024 $512 $85
Dodge Ram Quad Cab SLT 4WD $1,270 $635 $106
Ford Escape Limited 2WD $1,138 $569 $95
Ford Explorer Limited 2WD $1,514 $757 $126
Ford F-150 FX4 Super Cab 4WD $1,340 $670 $112
Ford Focus SES 2-Dr Coupe $1,466 $733 $122
Honda Accord LX 4-Dr Sedan $1,374 $687 $115
Honda CR-V LX 4WD $1,164 $582 $97
Honda Civic EX 4-Dr Sedan $1,486 $743 $124
Jeep Grand Cherokee Laredo 2WD $990 $495 $83
Jeep Wrangler Sport Islander Package 4WD 2-Dr $1,154 $577 $96
Nissan Altima 2.5 S 2-Dr Coupe $1,664 $832 $139
Nissan Rogue S AWD $1,410 $705 $118
Toyota Camry Hybrid $1,612 $806 $134
Toyota Corolla XRS $1,230 $615 $103
Volkswagen Jetta SEL 4-Dr Sedan $1,158 $579 $97
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Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Rate information does not factor in your specific Ocala location which can modify coverage rates greatly.

Full coverage versus liability only rates

The chart below illustrates the difference between Hyundai Sonata insurance costs when comparing full coverage to state minimum liability only. The costs are based on no tickets, no at-fault accidents, $1,000 deductibles, married female driver, and no policy discounts are applied.

Hyundai Sonata rates are for example purposes only. To get rates for your specific vehicle, click here.

When to drop full coverage

There is no set guideline of when to exclude full coverage, but there is a general guideline you can use. If the annual cost of coverage is about 10% or more of any settlement you would receive from your insurance company, then it might be time to buy liability only.

For example, let's pretend your Hyundai Sonata replacement cost is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $8,000 after the deductible is paid. If you are currently paying more than $800 annually for physical damage coverage, then it's probably a good time to buy liability coverage only.

There are some conditions where buying only liability insurance is not a good plan. If you haven't satisfied your loan, you have to maintain full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not eliminate full coverage.

Rate comparison of men versus women in Ocala

The example below illustrates the difference between yearly insurance costs for male and female drivers in Ocala. The premiums are based on a clean driving record, no at-fault accidents, full coverage, $1,000 deductibles, drivers are single, and no policy discounts are applied on a Honda Pilot EX-L.

Honda Pilot rates are for example purposes only. To get rate quotes for your specific vehicle, click here.

Physical damage deductible comparison

One of the more difficult decisions when buying auto insurance is which deductible level should you buy. The premium rates below can help you visualize the cost difference when you choose different deductibles. The first rate table uses a $100 deductible and the second rate chart uses a $1,000 deductible.

Ford Focus rates are for example purposes only. To get rates for your specific vehicle, click here.

Ford Focus insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Focus S 4-Dr Sedan $312 $648 $418 $24 $124 $1,551 $129
Focus SE 4-Dr Sedan $312 $648 $418 $24 $124 $1,551 $129
Focus SEL 4-Dr Sedan $312 $764 $418 $24 $124 $1,667 $139
Focus SES 4-Dr Sedan $312 $764 $418 $24 $124 $1,667 $139
Focus SE 2-Dr Coupe $358 $764 $472 $28 $142 $1,789 $149
Focus SES 2-Dr Coupe $358 $764 $472 $28 $142 $1,789 $149
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Ford Focus insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Focus S 4-Dr Sedan $174 $342 $418 $24 $124 $1,082 $90
Focus SE 4-Dr Sedan $174 $342 $418 $24 $124 $1,082 $90
Focus SEL 4-Dr Sedan $174 $402 $418 $24 $124 $1,142 $95
Focus SES 4-Dr Sedan $174 $402 $418 $24 $124 $1,142 $95
Focus SE 2-Dr Coupe $200 $402 $472 $28 $142 $1,244 $104
Focus SES 2-Dr Coupe $200 $402 $472 $28 $142 $1,244 $104
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Price information does not factor in specific zip code location which can alter prices noticeably.

Based on the figures above, using a $100 deductible would cost the average driver about $43 more each month or $516 each year than quoting the higher $1,000 deductible. Since you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at least 21 months between claim filings, you would probably be better off if you opt for a higher deductible.

Affordable rates on insurance with these five discounts

Some insurers don't list every disount available in an easy-to-find place, so we researched both the well known as well as some of the hidden credits available to you.Cheaper insurance with discounts

One thing to note about discounts is that most discounts do not apply to all coverage premiums. Most only cut the price of certain insurance coverages like physical damage coverage or medical payments. So when the math indicates all the discounts add up to a free policy, you aren't that lucky.

A few companies that have some of the discounts shown above include:

Double check with every prospective company which discounts you qualify for. Some discounts listed above might not be offered in your area.

Neighborhood Ocala auto insurance agents

Many people would rather sit down with an agent and doing so can bring peace of mind A nice benefit of price shopping on the web is that you can find cheap rate quotes and still have an agent to talk to. Buying from and supporting neighborhood agents is especially important in Ocala.

To make it easy to find an agent, after completing this form (opens in new window), your information is instantly submitted to participating agents in Ocala that can provide free Ocala car insurance quotes for your insurance coverage. You never need to search for an agent due to the fact that quote results will go to you instantly. You can most likely find cheaper rates without requiring a lot of work. If you have a need to compare prices from a specific company, just find their quoting web page and give them your coverage information.

Choose an insurance agent wisely

If you're trying to find local Ocala agents, it helps to know the two types of insurance agents that you can choose from. Agents can be classified as either independent or exclusive depending on the company they work for.

Independent Auto Insurance Agents

These agents can quote rates with many companies and that allows them to write policies with many different companies and possibly get better coverage at lower prices. If they quote lower rates, they simply move your policy to a different company and you stay with the same agent.

If you need lower rates, you will want to include at a minimum one independent agency to have the best price comparison. Most can insure with additional companies that you may not be familiar with that many times have cheaper rates.

Exclusive Auto Insurance Agents

Exclusive agencies generally can only insure with one company and some examples include Allstate, Farmers Insurance or State Farm. Exclusive agents are unable to give you multiple price quotes so they have no alternatives for high prices. These agents are trained well on sales techniques which can be an advantage. Consumers often buy from the same agent for years primarily because of the prominent brand name rather than having the cheapest rates.

Choosing an car insurance agent should include more criteria than just a cheap quote. Any agent in Ocala should be willing to answer these questions.

Truth in insurance advertising

Insurance companies such as GEICO, State Farm and Progressive seem to constantly run television and radio advertisements. They all seem to say the same thing that people will save if you switch to them. How does each company have lower policy pricing?

Companies require specific criteria for the type of driver that will generate a profit. For instance, a profitable risk profile might be between the ages of 30 and 50, has few claims, and drives less than 10,000 miles a year. Any customer that matches those criteria will get the preferred premium rates in Ocala and most likely will save money with a new company.

People who don't measure up to the "perfect" profile will be charged higher prices which translates to the customer not purchasing. The wording the ads use say "customers that switch" not "everybody who quotes" will save that much if they switch. That's the way companies can truthfully claim big savings.

Because every company is different, drivers should do a quote comparison often. It is just not possible to predict which insurance company will have the lowest rate quotes.

Auto insurance coverages 101

Understanding the coverages of your auto insurance policy aids in choosing the right coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and coverage can change by endorsement.

Coverage for uninsured or underinsured drivers

This coverage provides protection when the "other guys" are uninsured or don't have enough coverage. Covered losses include medical payments for you and your occupants as well as damage to your vehicle.

Since many Florida drivers only carry the minimum required liability limits (10/20/10), their liability coverage can quickly be exhausted. That's why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually your uninsured/underinsured motorist coverages are set the same as your liability limits.

Coverage for medical expenses

Med pay and PIP coverage provide coverage for expenses for hospital visits, funeral costs, ambulance fees, pain medications and X-ray expenses. They are utilized in addition to your health insurance policy or if you are not covered by health insurance. Coverage applies to you and your occupants as well as being hit by a car walking across the street. PIP coverage is not universally available but can be used in place of medical payments coverage

Coverage for liability

Liability coverage will cover injuries or damage you cause to people or other property in an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 10/20/10 that means you have $10,000 in coverage for each person's injuries, $20,000 for the entire accident, and a total limit of $10,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage protects against claims such as loss of income, structural damage, medical expenses, repair costs for stationary objects and attorney fees. The amount of liability coverage you purchase is your choice, but buy as high a limit as you can afford. Florida state minimum liability requirements are 10/20/10 but it's recommended drivers buy more liability than the minimum.

Comprehensive auto insurance

This will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as damage from a tornado or hurricane, rock chips in glass, vandalism and damage from flooding. The most a auto insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Collision coverage protection

Collision insurance covers damage to your vehicle from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like rolling your car, crashing into a ditch, sustaining damage from a pot hole and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Another option is to increase the deductible to get cheaper collision coverage.

Car insurance claims by make and model

Which vehicle models have a high chance of claims? The data below list the best and worst manufacturer models for likelihood of having large claims for each type of coverage listed.

Lowest and Highest Medical Payment Claims by Vehicle Make and Model
Lowest Claim Frequency Highest Claim Frequency
Audi A4 Allroad Chrysler 200
Ford F-250 SuperCrew Nissan Sentra
Tesla Model S Hyundai Accent
Chevrolet Silverado 2500 Chevrolet Spark
Ford F-350 SuperCrew Dodge Charger
Ford Expedition Nissan Versa

Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Liability Insurance Claims by Vehicle Make and Model
Lowest Claim Frequency Highest Claim Frequency
Fiat 500 Chevrolet Sonic
Subaru Forester Dodge Charger
Acura MDX Chevrolet Impala
Volvo XC60 Chevrolet Cruze
Subaru Outback Chrysler 200
Audi A6 Mitsubishi Mirage

Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Comprehensive Insurance Claims by Manufacturer Model
Lowest Claim Frequency Highest Claim Frequency
GMC Sierra 2500 Mercedes-Benz S Class
Chevy Silverado 2500 Bentley Continental GT
Nissan Xterra Maserati Granturismo
Nissan Leaf BMW M6
Infiniti QX50 BMW M6
Ford F-350 Maserati Quattroporte

Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Collision Claims by Vehicle
Lowest Claim Frequency Highest Claim Frequency
Ford F-250 SuperCab Maserati Ghibli
Chevrolet Colorado Maserati Granturismo
Smart ForTwo BMW M6
Jeep Wrangler Bently Continental GTC
GMC Canyon Ferrari 458
Ford F-150 SuperCrew Nissan GT-R

Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Final considerations

When buying insurance coverage, make sure you don't reduce coverage to reduce premium. There are too many instances where someone dropped uninsured motorist or liability limits and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your focus should be to buy the best coverage you can find at the lowest possible cost but still have enough coverage for asset protection.

We just presented many ways to reduce insurance car insurance rates online in Ocala. The key concept to understand is the more times you quote, the higher your chance of finding inexpensive Ocala car insurance quotes. You may even find the most savings is with a small mutual company.

Affordable insurance in Ocala can be found from both online companies and also from your neighborhood Ocala agents, and you should compare rates from both to have the best selection. Some insurance providers may not have rate quotes online and usually these small insurance companies work with independent agencies.

Additional detailed information can be read in the articles below: