Have you fallen victim to an overpriced auto insurance policy? Believe me when I say you're not alone.

A study showed that most consumers in Florida have bought auto insurance from the same company for four years or more, and nearly the majority have never shopped around. U.S. insurance shoppers can cut their rates by nearly $850 a year by just comparing rate quotes, but they won't spend time to compare rate quotes. Big-name insurance companies like GEICO, 21st Century and Progressive constantly blast consumers with TV and radio ads and it is challenging if not impossible to see through the cute green geckos and mayhem and take the time to shop coverage around.

If you are insured now or just want to reduce your rates, you can learn to buy cheaper auto insurance without having to cut coverage. Finding the cheapest auto insurance coverage in Ormond Beach is quite easy. Consumers just need to understand the fastest way to quote multiple rates over the internet.

Finding a lower price on insurance is a great way to save money. You just need to take a few minutes to compare rates provided by online insurance companies.

Online shopping is fast and free, and it makes it a waste of time to waste gas driving to insurance agents' offices. Quoting auto insurance online eliminates this option unless you prefer the personal advice that you can only get from talking to an agent. Although you can get prices online but have your policy serviced through an agent.

The companies shown below can provide price quotes in Ormond Beach, FL. To locate the best car insurance in Florida, we suggest you visit two to three different companies to get the most competitive price.

Insurance Cost Estimates for Popular Vehicles in Ormond Beach
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Colorado LT 4WD $1,054 $527 $88
Chevrolet Impala LS $1,268 $634 $106
Chevrolet Silverado Crew Cab Hybrid 2WD $1,462 $731 $122
Dodge Grand Caravan Hero $1,480 $740 $123
Dodge Ram Crew Cab Sport 2WD $1,688 $844 $141
Ford Escape Limited 4WD $1,200 $600 $100
Ford F-150 XL Regular Cab 2WD $962 $481 $80
Ford Focus SE 4-Dr Sedan $1,232 $616 $103
GMC Sierra SL Crew Cab 2WD $1,728 $864 $144
Honda Accord LX 4-Dr Sedan $1,040 $520 $87
Honda CR-V LX 2WD $1,246 $623 $104
Honda Civic Hybrid 4-Dr Sedan $1,328 $664 $111
Kia Optima SX $1,264 $632 $105
Mazda 3 I SV 4-Dr Sedan $1,266 $633 $106
Nissan Altima 3.5 SR 4-Dr Sedan $1,192 $596 $99
Nissan Rogue SL 2WD $1,750 $875 $146
Toyota Camry XLE $1,340 $670 $112
Toyota Corolla XRS $1,190 $595 $99
Get Your Own Custom Quote Go

Premium data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Price estimates do not factor in zip code location which can lower or raise coverage rates noticeably.

An analysis of deductible level

When comparing car insurance rates, the most common question is how high should your deductibles be. The comparisons below may help to conceptualize the difference in cost when you select higher and lower physical damage coverage deductibles. The first table uses a $100 physical damage coverage deductible and the second rate table uses a $1,000 deductible.

Kia Optima rates are for example purposes only. To get rates for your specific vehicle, click here.

Kia Optima insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $358 $648 $472 $28 $142 $1,673 $139
Optima EX $406 $764 $472 $28 $142 $1,837 $153
Optima SX $406 $764 $472 $28 $142 $1,837 $153
Get a Quote for Your Vehicle Go
Kia Optima insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $200 $342 $472 $28 $142 $1,184 $99
Optima EX $224 $402 $472 $28 $142 $1,268 $106
Optima SX $224 $402 $472 $28 $142 $1,268 $106
Get a Quote for Your Vehicle Go

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Rate information does not factor in garaging location in Ormond Beach which can increase or decrease price quotes considerably.

Based on the above data, using a $100 deductible could cost the average driver approximately $44 more each month or $528 for a full year than requesting the higher $1,000 deductible. Since you would pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you normally go more than 20 months between claim filings, you would probably be better off by selecting a higher deductible.

Difference between full coverage and liability only rates

The illustration below examines Chevrolet Tahoe insurance prices with full coverage compared to only the Florida minimum liability coverage. The prices are based on no driving violations, no at-fault accidents, $250 deductibles, single female driver, and no policy discounts are applied.

Chevrolet Tahoe rates are for example purposes only. To get rates for your specific vehicle, click here.

When to stop buying full coverage

There is no written rule of when to stop paying for full coverage on your policy, but there is a guideline you can consider. If the yearly cost of full coverage is 10% or more of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

For example, let's say your Chevrolet Tahoe replacement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $2,000 after paying the physical damage deductible. If you are paying more than $200 a year for full coverage, then you might want to think about dropping full coverage.

There are some situations where dropping full coverage is not advised. If you still have a lienholder on your title, you must maintain physical damage coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not drop full coverage.

Raise deductibles and save

The example below demonstrates how choosing different deductibles and can change Honda Accord insurance prices for different categories of driver ages. Data assumes a single male driver, comp and collision included, and no policy discounts are applied.

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

Insuring your vehicle just makes sense

Even though rates can get expensive, maintaining insurance is required by state law in Florida and it also provides benefits you may not be aware of.

The benefits of insuring your car more than offset the price you pay, particularly if you ever have a claim. According to a survey of 1,000 drivers, the average driver is overpaying more than $865 each year so you should quote and compare rates once a year at a minimum to be sure current rates are still competitive.

Get cheaper auto insurance with discounts

The cost of insuring your cars can be expensive, but companies offer discounts that you may not know about. Most are applied at the time you complete a quote, but less common discounts must be requested specifically before you get the savings.Save money with discounts

Discounts reduce rates, but you should keep in mind that most of the big mark downs will not be given to the whole policy. The majority will only reduce the cost of specific coverages such as comprehensive or collision. Even though the math looks like adding up those discounts means a free policy, you aren't that lucky.

A few of the larger companies and their offered discounts are included below.

Before you buy a policy, ask each company or agent how you can save money. Some of the discounts discussed earlier may not apply in Ormond Beach. To see a list of companies that have a full spectrum of discounts in Florida, click this link.

What is the best auto insurance coverage?

When it comes to buying coverage online or from an agent, there really isn't a "best" method to buy coverage. Your situation is unique.Auto insurance savings

These are some specific questions can aid in determining whether your personal situation would benefit from professional advice.

If you can't answer these questions, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, complete this form. It's fast, free and can provide invaluable advice.

When to talk to an agent

Some people still like to buy from a local agent and that can be a great decision Good insurance agents are highly skilled in risk management and help in the event of a claim. One of the benefits of comparing rate quotes online is you may find cheap rate quotes and still buy from a local agent. Buying from and supporting local agents is definitely important in Ormond Beach.

To make it easy to find an agent, after completing this simple form, the quote information is immediately sent to local insurance agents in Ormond Beach that can give you free Ormond Beach car insurance quotes for your coverage. You won't need to do any legwork because prices are sent immediately to your email address. If you need to get a comparison quote from a specific insurance provider, you just need to jump over to their website and submit a quote form there.

Finding a good company is decision based upon more than just the quoted price. These questions are important to ask:

Car insurance coverage options

Learning about specific coverages of a car insurance policy aids in choosing the right coverages at the best deductibles and correct limits. Car insurance terms can be difficult to understand and reading a policy is terribly boring.

Comprehensive car insurance

This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like fire damage, hitting a bird and hitting a deer. The most a car insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it's probably time to drop comprehensive insurance.

Collision insurance

This pays to fix your vehicle from damage resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against claims like crashing into a ditch, sustaining damage from a pot hole, backing into a parked car and colliding with a tree. This coverage can be expensive, so consider removing coverage from older vehicles. Another option is to bump up the deductible to save money on collision insurance.

Liability auto insurance

This coverage provides protection from injuries or damage you cause to other's property or people by causing an accident. It protects YOU from claims by other people. Liability doesn't cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 10/20/10 which means $10,000 in coverage for each person's injuries, a total of $20,000 of bodily injury coverage per accident, and a limit of $10,000 paid for damaged property. Another option is a combined limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability insurance covers claims such as loss of income, funeral expenses and emergency aid. How much liability coverage do you need? That is up to you, but consider buying as much as you can afford. Florida state law requires minimum liability limits of 10/20/10 but drivers should carry more liability than the minimum.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses like ambulance fees, hospital visits, EMT expenses, rehabilitation expenses and funeral costs. They are often used to cover expenses not covered by your health insurance program or if you do not have health coverage. Coverage applies to both the driver and occupants as well as being hit by a car walking across the street. PIP is not an option in every state but can be used in place of medical payments coverage

Coverage for uninsured or underinsured drivers

This coverage protects you and your vehicle's occupants from other drivers when they are uninsured or don't have enough coverage. It can pay for hospital bills for your injuries and also any damage incurred to your vehicle.

Because many people carry very low liability coverage limits (10/20/10 in Florida), it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Normally these limits are set the same as your liability limits.

Car insurance claim information

Which vehicle models have a high chance of claims? The claim statistics below show the highest and lowest models for the probability of filing claims organized by coverage.

Comprehensive Claims by Manufacturer Model
Lowest Claims Highest Claims
Smart ForTwo Maserati Quattroporte
Nissan Xterra BMW M6
Ford F-350 Bentley Continental GT
Infiniti QX50 Audi S7
GMC Sierra 2500 Porsche Panamera GTS
Chevy Silverado 2500 BMW M6

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

Car Insurance Collision Claims by Manufacturer Model
Lowest Claims Highest Claims
Mini Cooper BMW 6 Series
Chevrolet Colorado Bently Continental GT
Jeep Wrangler BMW M6
Smart ForTwo Nissan GT-R
Nissan Xterra Audi RS7
Ford F-150 SuperCrew Bentley Continental Flying Spur

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

Lowest and Highest Bodily Injury Liability Claims by Vehicle Make and Model
Lowest Claims Highest Claims
Subaru Outback Chevrolet Impala
Mercedes-Benz SL Class Chrysler 200
Fiat 500 Kia Optima
Subaru Forester Mitsubishi Mirage
Volvo XC60 Mitsubishi Lancer
Acura MDX Dodge Charger

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

Lowest and Highest Medical Payment Coverage Claims by Manufacturer Model
Lowest Claims Highest Claims
Chevrolet Silverado 3500 Mitsubishi Lancer
Tesla Model S Kia Forte
Ford F-250 SuperCrew Nissan Sentra
Audi A4 Allroad Nissan Versa
Chevrolet Corvette Mitsubishi Mirage
Ford Expedition Chrysler 200

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

Cheaper car insurance prices are available

When searching for inexpensive Ormond Beach car insurance quotes, do not skimp on critical coverages to save a buck or two. There are a lot of situations where someone sacrificed uninsured motorist or liability limits only to find out that their decision to reduce coverage ended up costing them more. Your aim should be to buy the best coverage you can find at the lowest possible cost while still protecting your assets.

Insureds who switch companies do it for a variety of reasons including being labeled a high risk driver, poor customer service, not issuing a premium refund and delays in paying claims. Regardless of your reason for switching companies, choosing a new company is pretty easy and you might even save some money in the process.

In this article, we covered a lot of information how to reduce car insurance premium rates online in Ormond Beach. The key concept to understand is the more providers you compare, the better chance you'll have of finding cheaper Ormond Beach car insurance quotes. You may even discover the best price on car insurance is with some of the lesser-known companies.

To read more, feel free to visit the following helpful articles: