How Much are Auto Insurance Quotes for Drivers with Good Credit in Orlando?

The type of vehicle driven is one of the main factors that determines if you can find the best insurance for drivers with good credit. Vehicles with lots of horsepower, poor safety ratings, or a history of substantial liability claims will cost substantially more to insure than safer, lower-performance models. The data below outlines insurance prices for a selection of the most budget-friendly automobiles to insure.

Cheapest Vehicles to Insure in Orlando, FL
Vehicle Make and Model Estimated Cost for Full Coverage
Ford F-150 XL Regular Cab 2WD $1,272
Jeep Wrangler Sahara 4WD 2-Dr $1,375
Ford Escape XLS 2WD $1,405
Jeep Grand Cherokee Laredo 4WD $1,451
Toyota Camry LE $1,456
Dodge Grand Caravan Crew $1,478
Toyota Corolla XLE $1,526
Honda CR-V EX 4WD $1,539
Toyota Prius $1,554
Volkswagen Jetta 2.0T 4-Dr Sedan $1,560
Dodge Ram Crew Cab ST 4WD $1,584
Hyundai Elantra SE Touring Station Wagon $1,634
Chevrolet Silverado 2500HD LTZ Crew Cab Diesel 4WD $1,657
Honda Accord EX-L 2-Dr Coupe $1,659
Toyota Camry Hybrid $1,665
Hyundai Sonata Limited 4-Dr Sedan $1,659
Chevrolet Impala LT $1,662
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Table data represents single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Price estimates do not factor in specific location information which can alter insurance rates greatly.

Looking at the data, you can presume that vehicles like the Ford F-150, Jeep Wrangler, Ford Escape, Jeep Grand Cherokee, and Toyota Camry should be some of the most economical vehicles to insure for financially responsible drivers.

For financially responsible drivers, one of the more important considerations that determine insurance cost is where you normally keep your vehicle in Orlando. Cities with larger populations or higher claim trends likely pay more, whereas less populated areas benefit from having to pay less for coverage.

The illustration below rates the priciest cities in Florida for drivers with good credit in which to buy car insurance. Orlando is ranked #18 with an annual cost of $2,090 for the average policyholder, which is approximately $174 per month.

Car insurance prices in Orlando
Rank City Premium Per Year
1 Hialeah $3,523
2 Miami $3,177
3 Miami Gardens $3,149
4 Miami Beach $2,923
5 Tampa $2,636
6 West Palm Beach $2,625
7 Miramar $2,603
8 Fort Lauderdale $2,576
9 Coral Springs $2,549
10 Davie $2,548
11 Hollywood $2,526
12 Pompano Beach $2,518
13 Pembroke Pines $2,481
14 Brandon $2,392
15 St. Petersburg $2,286
16 Clearwater $2,194
17 Spring Hill $2,123
18 Orlando $2,090
19 Jacksonville $2,040
20 Port St. Lucie $1,916
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Annual rates are estimated as specific Orlando zip code can modify insurance rates noticeably.

Comparing rates for affordable insurance is not the easiest thing to do, and deciding which companies have the cheapest auto insurance rates for drivers with good credit requires even more work.

Every car insurance company uses a little different formula to set premium rates, so we’ll take a look at the auto insurance companies with the overall cheapest rates in Florida. It’s important that you understand Orlando auto insurance rates are determined by lots of factors which can substantially change the cost of coverage. This price variability is why it is so important to compare as many rates as possible when trying to find cheap insurance rates for drivers with good credit. Rates are influenced by many things and can change substantially, so the best company the last time you compared rates may now be costing you a lot of money.

Best Car Insurance Prices for High Credit

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USAA generally has some of the most affordable car insurance rates in Orlando at around $977 a year. Electric, Amica, Progressive, and Allied also make the cut as some of the best Orlando, FL auto insurance companies.

In the above example, if you currently have coverage with Electric and switched to USAA, you could realize annual savings of about $769. Insureds with Amica might save as much as $769 a year, and Progressive insureds might reduce rates by $852 a year.

These premium estimates are averaged across all types of insureds and vehicles and do not factor in a specific location for drivers with good credit. So the auto insurance company that has the lowest price for you may not even be in the list above. That point stresses why you need to quote rates from as many companies as possible using your own driver information and specific vehicle type.

Types of discounts on Orlando car insurance

Save on auto insurance for financially responsible drivers in OrlandoInsurance providers that provide policies for drivers with good credit could also offer policy discounts that can reduce rates by 35% or more if you meet specific criteria. Companies and a partial list of their discounts are shown below.

The diagram below illustrates the comparison of insurance rates with and without discounts applied. The premiums are based on a male driver, no claims or driving citations, Florida state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with multiple vehicle, safe-driver, homeowner, marriage, anti-theft, and passive restraint discounts applied. When discounts are applied, theaverage yearly reduction on auto insurance for drivers with good credit is 28% or $594.

Difference between full coverage and liability only rates

Reducing the cost of auto insurance is important to the majority of people, and an easy way to save on the cost of insurance for drivers with good credit is to not buy comprehensive and collision coverage. The example below visualizes the comparison of auto insurance rates when comparing full coverage to liability only. The price estimates are based on no claims or driving citations, $1,000 deductibles, drivers are single, and no discounts are applied.

Averaged for all ages 20 through 70, physical damage coverage costs an extra $2,362 per year over liability only. That amount may make you wonder when is the right time to remove full coverage. There is no exact rule that is best for determining when to drop physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost of full coverage is about 10% or more of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

For example, let’s assume your vehicle’s book value is $4,500 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, you would only receive $3,500 after you pay the deductible. If it’s costing in excess of $350 a year for physical damage coverage, then you may need to consider dropping full coverage.

Best auto insurance company in Florida

Ending up with the highest-rated car insurance company can be rather challenging considering how many choices drivers have in Orlando. The ranking data shown below could help you decide which insurers to look at purchasing from. The rankings below are for insurance companies that insure vehicles in the majority of U.S. states, so companies that only write business in Florida or surrounding areas are not included in this list.

Orlando, FL Auto Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
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Data Source: Best Car Insurance Companies

Ideas for finding the cheapest auto insurance for drivers with good credit

Here are some penny-pinching suggestions that can help you quote cheap car insurance.

The last idea is particularly significant, as was emphasized in the prior article. Coverage prices in Orlando can change in a short period of time, so you should be ready to buy from a different company if a more affordable price is available. Having a favorite company is great, but we do not recommend it if that inflexibility results in costing you money that could be going to better use. Take a few minutes and shop around to find cheaper car insurance for drivers with good credit.