One of the many things that are looked at to determine car insurance rates is where you live in Orlando. Cities with larger populations will most likely have higher rates, whereas areas with lower crime rates and fewer weather claims benefit from having to pay less for coverage.
The table below shows the priciest cities in Florida to buy auto insurance in. Orlando comes in at #19 costing $2,008 for the average insured, which is about $167 per month.
|Rank||City||Premium Per Year|
|6||West Palm Beach||$2,625|
|20||Port St. Lucie||$1,916|
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Prices are approximated as specific Orlando garaging address can change coverage prices noticeably.
Now that we understand where Orlando ranks on price, trying to buy affordable auto insurance is not always easy, and figuring out which company quotes the best car insurance rates in Orlando may require a little more work. Each insurance company uses slightly different criteria for filing rates in each state, so we need to take a look at the lowest cost car insurance companies in Florida.
Find Cheaper Car Insurance in Orlando
|Rank||Company||Cost Per Year|
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USAA may have some of the most affordable car insurance rates in Orlando at around $986 a year. This is $1,462 less than the average rate paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Travelers would also make the list of some of the lowest-priced Orlando, FL insurance companies.
As shown above, if you have coverage with Progressive and switched to USAA, you might realize annual savings of roughly $789. Drivers with Travelers may save as much as $940 a year, and Mercury insureds might lower prices by up to $987 a year.
To discover how much you can save, click here to start a quote or visit several of the following companies.
Remember that these policy prices are averages across all insureds and vehicles and do not factor in a specific zip code in Orlando. So the company that has the lowest price for you may not even be in the top 21 companies in the list above. That underscores the importance of why you need to compare as many prices as possible using your own individual information.
The importance of shopping around
Orlando car insurance rates are influenced by many factors which can substantially decrease or increase the price you pay for coverage. Simply having another birthday, getting divorced, or getting a couple of tickets can trigger changes in premium that can make some companies more affordable than before.
And not only may your rating factors change, but auto insurance companies file new Florida auto insurance rates at least once a year in order to be able to pay unexpected claims. Heavier than normal losses can cause high rates, while a lower level of claims may result in cheaper Orlando car insurance rates.
For instance, the bar chart below shows the cheapest car insurance in Orlando, FL for a 40-year-old male driver with no accidents or violations, and solid credit. If we estimate prices based on his current situation, USAA has the most affordable car insurance rates in Orlando at $1,203 a year. This is $1,245 less than the average policy premium paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Travelers are also included in the cheapest Orlando, FL auto insurance companies.
In the next rate comparison, we'll give the driver from the above example a couple of claims, bad credit, and a traffic ticket or two. Because each insurer has a different process for setting rates, comparing rates will most likely result in a different set of the cheapest companies as shown below.
USAA now has the best insurance rate in Orlando with Mercury, State Farm, Auto-Owners, and Esurance also having competitive pricing. This example proves why it is critical to compare lots of rates when trying to get the most economical insurance rates in Orlando.
Insurance rates consist of many risk factors and change frequently, so the cheapest option three years ago may now not even be in the top five.
The vehicle model you are trying to insure is a large factor when comparing quotes for the most affordable car insurance in Orlando. Vehicles with lower performance, good crash test ratings, or a low likelihood of liability claims will cost less to insure than higher performance models.
The next list shows insurance costs for a handful of the most economical automobiles to buy coverage for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$1,180|
|Ford Explorer Eddie Bauer 2WD||$1,323|
|Chevrolet Malibu LS||$1,394|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$1,421|
|Dodge Grand Caravan Crew||$1,431|
|Toyota Camry XLE||$1,468|
|Ford Edge SE 2WD||$1,485|
|GMC Sierra 2500HD SLE Regular Cab 4WD||$1,495|
|Jeep Grand Cherokee SRT-8 4WD||$1,504|
|GMC Sierra 3500HD SLE Extended Cab 2WD||$1,522|
|Ford Escape Limited 4WD||$1,569|
|Honda Accord LX-S 2-Dr Coupe||$1,579|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,571|
|Toyota Camry Hybrid||$1,596|
|GMC Sierra SL Extended Cab 2WD||$1,606|
|Chevrolet Impala LT||$1,596|
|Kia Optima EX||$1,602|
|Ford F-150 XLT Super Cab 2WD||$1,616|
|Dodge Ram 3500 Crew Cab SLT 2WD||$1,621|
|Chevrolet Silverado 3500HD LT Crew Cab Diesel 2WD||$1,627|
|Honda Civic DX 2-Dr Coupe||$1,635|
|Jeep Wrangler Unlimited Sport 4WD 4-Dr||$1,653|
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Prices above based on single female driver age 30, 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. Price estimates do not factor in your specific Orlando, FL location which can change coverage prices significantly.
Looking at the rates, cars like the Honda CR-V, Ford Explorer, Chevrolet Malibu, Toyota Tacoma, and Dodge Grand Caravan are most likely to be the most budget-friendly vehicles to insure for drivers in Orlando.
Cost difference between full coverage and liability
Saving money when shopping for auto insurance should be important to the majority of vehicle owners, and a good way to buy cheap insurance in Orlando is to not buy full coverage. The diagram below shows the difference between annual premium costs with full physical damage coverage compared to only buying liability only. The price estimates are based on a clean driving record, no at-fault accidents, $500 deductibles, single marital status, and no other discounts are factored in.
As an overall average, physical damage coverage on your policy costs $2,660 per year more than just insuring for liability. That is a significant amount which raises the question if physical damage coverage is worth the money. There is no written rule to stop buying comp and collision coverage, but there is a general guideline. If the annual cost of having full coverage is 10% or more of the replacement cost minus the deductible, then it's probably a good time to buy liability coverage only.
Get discount Orlando car insurance rates
Car insurance companies that provide policies in Orlando may additionally offer premium discounts that can reduce rates by 40% or more if you qualify for them. Larger auto insurance companies and their offered discounts are included below.
- State Farm offers premium reductions for multiple autos, student away at school, driver's education, accident-free, and Drive Safe & Save.
- GEICO discounts include anti-theft, five-year accident-free, military active duty, membership and employees, defensive driver, and federal employee.
- Progressive offers discounts including homeowner, good student, online quote discount, multi-vehicle, online signing, continuous coverage, and multi-policy.
- 21st Century has discounts for air bags, theft prevention, teen driver, defensive driver, anti-lock brakes, and student driver.
- American Family may offer discounts for good driver, air bags, mySafetyValet, accident-free, TimeAway discount, defensive driver, and multi-vehicle.
- The Hartford offers discounts for good student, vehicle fuel type, defensive driver, air bag, bundle, anti-theft, and driver training.
- AAA includes discounts for AAA membership discount, good driver, multi-policy, multi-car, and pay-in-full.
The chart below illustrates the difference between annual premium costs with and without discounts being applied to the rates. The price estimates are based on a male driver, no claims or driving violations, Florida state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows insurance cost with no discounts. The second shows the rates with anti-theft, marriage, homeowner, multiple policy, safe-driver, and defensive driving course discounts applied. When discounts are applied, the average amount saved each year on auto insurance in Orlando is 28% or $827.
Safe drivers pay less for auto insurance
The easiest method to earn the best auto insurance prices for drivers in Orlando is to pay attention while driving and avoid accidents and traffic citations. The illustration below shows how violations and accident claims can drive up annual premium costs for different age groups. The rates are based on a single male driver, comp and collision included, $250 deductibles, and no discounts are taken into consideration.
The data in the chart shows the average cost of an auto insurance policy per year with a clean driving record and no accidents is $2,417. Get written up for two speeding tickets and the average cost hikes up to $3,209, an increase of $792 each year. Then add two accidents along with the two speeding tickets and the 12-month cost of auto insurance in Orlando increases to an average of $6,002. That's an increase of $3,586, or $299 per month, just for a couple of infractions!
How to find cheaper car insurance in Orlando
Here are a few penny-pinching suggestions that can help drivers locate cheaper auto insurance.
- Do not get traffic violations
- Safe vehicles generally have lower rates
- Earn discounts for being claim-free
- Buy your auto and home insurance from the same company and save
- Staying accident-free helps keep rates low
- Shop around for cheaper prices
That last idea is especially critical, as was emphasized in the article above. Car insurance prices fluctuate constantly, so don't hesitate to change insurance companies if a more affordable price is available. Sticking with a specific company is fine, but it isn't a good idea if that faithfulness ends up costing you a lot of money. Take a few minutes and compare rates to find cheaper car insurance in Orlando.