The words “affordable” and “insurance” really shouldn’t be used in the same sentence, especially when looking for the lowest insurance prices for a learners permit. In an attempt to save some money, let’s start off by going over some situations that help determine auto insurance rates, and figure out some ways to slash the price of the next policy you buy.
Finding out which company offers the lowest-priced insurance rates for a learners permit requires a little more work than just quoting one company’s rates. Each auto insurance company uses a little different formula for setting rates, so we will examine the insurance companies with the overall best prices in Orlando, FL.
Find Cheaper Car Insurance in Florida
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $948 |
| 2 | Electric | $1,712 |
| 3 | Amica | $1,712 |
| 4 | Progressive | $1,775 |
| 5 | Travelers | $1,869 |
| 6 | Mercury | $1,914 |
| 7 | Allied | $2,004 |
| 8 | Esurance | $2,040 |
| 9 | Auto-Owners | $2,107 |
| 10 | State Farm | $2,110 |
| 11 | GEICO | $2,150 |
| 12 | Allstate | $2,340 |
| 13 | 21st Century | $2,397 |
| 14 | Windhaven Insurance | $2,653 |
| 15 | Hanover | $2,964 |
| 16 | Safeco | $2,987 |
| 17 | MetLife | $2,988 |
| 18 | Liberty Mutual | $3,131 |
| 19 | United Automobile | $3,527 |
| 20 | Direct General | $3,942 |
| Get Personalized Rates Go | ||
USAA normally has some of the best car insurance rates in Orlando at around $948 a year. This is $1,500 less than the average rate paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers also rank well as some of the lowest-priced Orlando, FL auto insurance companies.
As the example above demonstrates, if you currently buy coverage from Amica and switched to USAA, you might see an annual savings of in the neighborhood of $764. Customers with Progressive could save as much as $827 a year, and Travelers insureds might cut rates by $921 a year.
It’s important to note that these rates are averages for all ages of drivers and types of vehicles and do not take into consideration a vehicle location for a learners permit. So the company that is best suited for you may not even be in the list above. That is why you need to compare prices as often as possible using your own personal information and vehicle type.
The vehicle model you are seeking coverage for is a large factor when looking for low-priced car insurance for a learners permit. Vehicles with higher performance characteristics, poor safety features, or high incidents of liability claims will cost quite a bit more to insure than safer models.
The next list showcases coverage rates for a handful of the most budget-friendly automobiles to buy coverage for.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord EX 4-Dr Sedan | $4,500 |
| Honda CR-V LX 2WD | $4,505 |
| Ford Escape XLT 4WD | $4,541 |
| Toyota Prius | $4,855 |
| Ford Explorer XLT AWD | $5,065 |
| Ford F-150 XLT Crew Cab 2WD | $5,073 |
| Ford Focus S 4-Dr Sedan | $5,297 |
| Ford Edge SEL AWD | $5,305 |
| Chevrolet Impala LS | $5,297 |
| Honda Odyssey EX | $5,304 |
| Jeep Grand Cherokee Laredo 4WD | $5,338 |
| Nissan Altima 2.5 4-Dr Sedan | $5,343 |
| Toyota RAV4 Sport 4WD | $5,338 |
| Chevrolet Equinox LS AWD | $5,345 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $5,379 |
| Dodge Grand Caravan SXT | $5,387 |
| Toyota Corolla S | $5,614 |
| Hyundai Elantra SE 4-Dr Sedan | $5,622 |
| Volkswagen Jetta SEL 4-Dr Sedan | $5,655 |
| GMC Sierra 2500HD SLE Regular Cab 4WD | $5,664 |
| Ford Fusion SE 4-Dr Sedan | $5,655 |
| Chevrolet Malibu LTZ | $5,663 |
| Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr | $5,662 |
| Start a Quote Go | |
Prices based on single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate quotes do not factor in specific zip code location which can increase or decrease price quotes significantly.
Based on these rates, you can presume that cars like the Honda Accord, Honda CR-V, Ford Escape, Toyota Prius, and Ford Explorer will definitely be a few of the most affordable vehicles to insure for new drivers. Car insurance rates will be higher anyway because of the fact that there is a higher risk for a learners permit, but generally speaking those makes and models will most likely have the lowest insurance prices that you are likely to find.
Does full coverage make sense?
Reducing premiums for insurance should be important to the majority of people, and one of the easiest ways to find cheaper insurance for a learners permit is to only buy liability insurance. The chart below illustrates the comparison of insurance costs with full physical damage coverage compared to only buying liability only. The premiums assume no violations or claims, $250 deductibles, drivers are single, and no other discounts are factored in.
If we average the cost for ages 20 through 70, physical damage insurance costs $2,417 per year over liability only. A very common question is if full coverage is worth the money. There is no set guideline of when to drop physical damage coverage, but there is a general school of thought. If the yearly cost for physical damage coverage is more than 10% of the settlement you would receive from your company, then it may be the right time to buy liability only.
Get discounts on Orlando car insurance rates
Car insurance companies that offer quotes for a learners permit may also provide premium discounts that could potentially reduce rates by 30% or more if you are eligible to receive them. A few popular companies and some of the discounts are:
- Mercury Insurance offers discounts for location of vehicle, multi-car, ease of repair, professional/association, accident-free, and good driver.
- Farmers Insurance may have discounts that include youthful driver, mature driver, electronic funds transfer, good student, and distant student.
- Farm Bureau offers discounts including good student, renewal discount, youthful driver, multi-vehicle, driver training, and multi-policy.
- State Farm includes discounts for passive restraint, good driver, safe vehicle, anti-theft, defensive driving training, student away at school, and Drive Safe & Save.
- Allstate has discounts for anti-theft, good student, auto/life discount, FullPay discount, and multi-policy.
- GEICO may offer discounts for multi-policy, military active duty, multi-vehicle, membership and employees, and federal employee.
The illustration below shows the difference between car insurance rates with and without discounts. Data assumes a female driver, a clean driving record, no at-fault accidents, Florida state minimum liability limits, full coverage, and $1,000 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with good student, paperless filing, anti-theft, passive restraint, vehicle safety, and paid-in-full discounts applied. When taking advantage of discounts, theamount saved on insurance for a learners permit is 28% or $606.
How to find budget-friendly insurance for a learners permit
Below you’ll find some of the recommended thrifty ideas that can help Orlando drivers quote cheaper car insurance.
- Maintain a clean driving record
- Having at-fault accidents will increase rates
- Try to not file small claims
- Remove physical damage coverage on older vehicles
- Buying home and auto together can help save money
- Buy a safer vehicle
- Compare price quotes at least once a year
The last item on the list is especially crucial, as was discussed in the prior article. Car insurance prices in Orlando fluctuate constantly, so drivers shouldn’t hesitate to switch to a new company if a more affordable rate is found.
Sticking with a specific company is fine, but is isn’t recommended if that dedication is costing a lot of money every month. Take a few minutes and shop around and find cheaper auto insurance for a learners permit.
The agents listed below are a good start to help you determine which auto insurance policy fits you best, since some drivers have questions and prefer to get some professional input when buying car insurance for a learners permit. It can be hard to do it yourself, so getting advice from a licensed agent can add peace of mind knowing you have decent coverage if you have a claim.
To locate an Orlando auto insurance agent close to where you live, click the link after the list.
- Brightway Insurance, The Ourso Agency
4100 Edgewater Dr – Orlando, FL 32804 – (407) 901-0040 - Andy Phillips – State Farm Insurance Agent
7608 W Sand Lake Rd – Orlando, FL 32819 – (407) 354-1320 - Brad Shivers Insurance Agency
1060 Woodcock Rd – Orlando, FL 32803 – (407) 601-1835