Who Has Affordable Orlando Car Insurance Rates for Real Estate Agents?

For realtors, one of the more important considerations that are used to help calculate the amount you pay each year for auto insurance is where your car is garaged in Orlando. Areas with more people or more claims tend to have more expensive auto insurance rates, whereas areas with fewer weather claims and lower vehicle theft rates have the benefit of cheaper auto insurance prices.

The following table ranks the highest-priced places in Florida for real estate agents in which to buy car insurance. Orlando is ranked at #18 with an annual rate of $2,069 for the average policy, which is approximately $172 monthly.

How much is auto insurance in Orlando, FL?
Rank City Annual Premium
1 Hialeah $3,488
2 Miami Gardens $3,245
3 Miami $3,145
4 Miami Beach $3,013
5 Miramar $2,683
6 West Palm Beach $2,679
7 Coral Springs $2,549
8 Tampa $2,532
9 Hollywood $2,526
10 Pompano Beach $2,518
11 Pembroke Pines $2,481
12 Fort Lauderdale $2,475
13 Davie $2,473
14 Brandon $2,368
15 St. Petersburg $2,196
16 Clearwater $2,194
17 Spring Hill $2,123
18 Orlando $2,069
19 Jacksonville $2,020
20 Port St. Lucie $1,935
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Rates are estimated as the vehicle garaging location can raise or lower coverage rates greatly.

Finding decent, cost effective auto insurance is difficult, and deciding which companies have the most affordable insurance rates for real estate agents calls for even more rate comparisons. Each auto insurer has a different process for setting rates, so first we will examine the insurance companies with the overall cheapest rates in Florida.

We do need to point out that Florida insurance rates are determined by lots of factors which can significantly increase or decrease the price you have to pay. Events like a birthday, moving to a different location, or getting a few speeding tickets can trigger rate changes that can now make some companies more affordable than competitors.

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Cheapest insurance companies in Florida
Rank Company Cost Per Year
1 USAA $948
2 Amica $1,694
3 Electric $1,746
4 Progressive $1,829
5 Travelers $1,888
6 Mercury $1,914
7 Allied $1,985
8 Esurance $2,082
9 GEICO $2,108
10 State Farm $2,110
11 Auto-Owners $2,171
12 Allstate $2,317
13 21st Century $2,373
14 Windhaven Insurance $2,575
15 Hanover $2,934
16 MetLife $2,958
17 Safeco $2,987
18 Liberty Mutual $3,131
19 United Automobile $3,527
20 Direct General $3,902
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USAA offers some of the most affordable car insurance rates in Orlando at around $948 per year. This is $1,500 less than the average price paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Travelers also rank well as some of the cheapest Orlando, FL car insurance companies.

As shown above, if you currently buy coverage from Progressive and switched to Amica, you might realize an annual premium reduction of around $135. Policyholders with Travelers could save as much as $194 a year, and Mercury insureds might reduce prices by as much as $220 a year.

Be aware that those policy rates are averaged for all drivers and vehicles in Florida and do not take into consideration an exact location for real estate agents. So the insurer that is most affordable for your situation may not even be in the list above. That underscores the importance of why you need to get auto insurance quotes using your own driver data and vehicle information.

The vehicle model you are insuring is probably the biggest factor that determines if you can find the best cheap coverage for real estate agents. Vehicles with limited top-end speed, a great safety record, or a low likelihood of liability claims will cost quite a bit less to insure than high performance models.

The list below outlines coverage premiums for a number of the cheaper automobiles to insure.

Cheapest Vehicles to Insure in Orlando, FL
Make and Model Estimated Cost for Full Coverage
Honda CR-V LX 2WD $1,277
Ford Edge SE 2WD $1,400
Ford Explorer XLT AWD $1,428
Toyota RAV4 Limited 4WD $1,508
Honda Accord EX-L 4-Dr Sedan $1,585
Toyota Corolla LE $1,587
Ford Escape Limited 2WD $1,605
Honda Odyssey LX $1,608
Volkswagen Jetta 2.0T 4-Dr Sedan $1,616
Kia Optima LX $1,621
Ford F-350 Super Cab Cabela Package 2WD $1,646
Toyota Tacoma Double Cab 4WD $1,728
Chevrolet Malibu LS $1,738
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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, claim-free, multi-vehicle, homeowner, and safe-driver. Estimates do not factor in your specific Orlando, FL location which can decrease or increase premium rates substantially.

Looking at the data, we can infer that models like the Honda CR-V, Ford Edge, Ford Explorer, Toyota RAV4, and Honda Accord should be some of the most economical vehicles to insure for realtors.

Driving violations and accidents

A great way to enjoy affordable insurance prices in Orlando for realtors is to drive attentively and not have accidents or get tickets. The diagram below demonstrates how speeding tickets and at-fault fender-benders can increase insurance costs for different age groups of insureds. The rate quotes are based on a married female driver, full coverage, $250 deductibles, and no discounts are applied to the premium.

In the chart above, the average cost of a car insurance policy per year with no accidents and a clean driving record is $2,241. Add in two speeding tickets and the average cost increases to $3,192, an increase of $951 each year. Then add two accidents along with the two speeding tickets and the annual cost of insurance for real estate agents jumps again to an average of $6,741. That’s an increase of $4,500, or $375 per month, just for not keeping your driving record clean!

Cost of full coverage

Saving on insurance should be important to the majority of people, and one great way to find cheaper insurance for real estate agents is to buy liability only. The example below shows the difference between annual premium costs with and without full coverage. The prices are based on no tickets, no at-fault accidents, $500 deductibles, drivers are single, and no discounts are applied to the premium.

As an average, physical damage insurance costs $2,619 per year more than just insuring for liability. Many drivers will wonder if buying full coverage is worth the expense. There is no set guideline for dropping physical damage coverage on your policy, but there is a general convention. If the annual cost of having full coverage is more than about 10% of replacement cost minus your deductible, then it could be time to drop full coverage.

For example, let’s say your vehicle’s book value is $5,000 and you have $1,000 deductibles. If your vehicle is severely damaged, you would only receive $4,000 after paying your deductible. If you are currently paying more than $400 annually for full coverage, then you might want to consider buying only liability coverage.

There are a few cases where removing full coverage is not a good idea. If you haven’t paid off your loan, you must maintain physical damage coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not buy liability only.

If you have questions and prefer to get some help when shopping for the best coverage for real estate agents, the agents shown below are willing to provide answers to your questions and help you determine which auto insurance policy would work best for you.

To locate an Orlando auto insurance agent close to where you live, click the button below the list or click here to compare price quotes.

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How to find cheaper insurance for real estate agents

It’s not impossible to find cheaper rates, and here are some penny-pinching ideas that can help drivers locate more affordable car insurance.

The last tip is highly important, as we discussed in this write-up. Prices charged by car insurance companies can be adjusted at any time, so don’t be tentative to buy from a different company if a more affordable rate is found.

Having brand loyalty is commendable, but it’s not a good idea if that loyalty results in overpaying major coinage every year. In just a few minutes you could shop around and find cheaper auto insurance for real estate agents in Orlando.