What Insurance is Cheapest for College Students in Orlando?

One of the many things that are looked at to help calculate car insurance rates is where you choose to live. Cities with larger populations or higher claim trends tend to have more expensive auto insurance rates, whereas less populated areas benefit from lower coverage costs.

The illustration below sorts the most expensive places in Florida for college students to purchase a policy in. Orlando is ranked at #18 costing $2,090 for the average insurance policy, which is around $174 each month.

How much does auto insurance cost in Orlando?
Rank City Annual Rate
1 Hialeah $3,595
2 Miami Gardens $3,149
3 Miami $3,145
4 Miami Beach $2,953
5 Miramar $2,603
6 West Palm Beach $2,599
7 Pompano Beach $2,595
8 Fort Lauderdale $2,576
9 Tampa $2,558
10 Hollywood $2,552
11 Coral Springs $2,499
12 Pembroke Pines $2,481
13 Davie $2,448
14 Brandon $2,392
15 St. Petersburg $2,219
16 Clearwater $2,194
17 Spring Hill $2,102
18 Orlando $2,090
19 Jacksonville $1,960
20 Port St. Lucie $1,935
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Premium amounts are comparative as the garaging address in Orlando can alter price quotes significantly.

Finding out which companies have the lowest-priced insurance rates for college students will involve more work in order to find the best price. Each company uses their own calculation for establishing rates, so let’s take a look at the insurance companies that tend to have lower prices in Orlando, FL.

It’s important to understand that Orlando insurance rates are based on many factors that may substantially change your annual premium. Simply having another birthday, getting married, or getting into an accident can trigger price changes resulting in some companies being affordable when they were higher priced.

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Florida auto insurance company rankings
Rank Company Cost Per Year
1 USAA $986
2 Electric $1,764
3 Amica $1,764
4 Progressive $1,775
5 Travelers $1,888
6 Allied $1,945
7 Mercury $1,992
8 Esurance $2,102
9 State Farm $2,131
10 Auto-Owners $2,149
11 GEICO $2,172
12 21st Century $2,373
13 Allstate $2,411
14 Windhaven Insurance $2,653
15 MetLife $2,900
16 Safeco $2,927
17 Hanover $2,934
18 Liberty Mutual $3,101
19 United Automobile $3,422
20 Direct General $3,902
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USAA quotes some of the best car insurance rates in Orlando at around $986 each year. This is $1,462 less than the average price paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers are also some of the cheapest Orlando, FL auto insurance companies.

As illustrated above, if you currently have coverage with Progressive and switched to Electric, you could earn an annual savings of upwards of $11. Drivers with Travelers may save as much as $124 a year, and Allied customers might reduce prices by as much as $181 a year.

To find out how your current rates compare, click here to start a quote or quote rates from the companies below.

These estimates are averaged across all insureds and vehicles and and are not figured with a specific vehicle garaging location for college students. So the insurer that has the cheapest price for you may not even be in the top 21 companies shown above. That affirms the importance of why you need to get car insurance quotes using your own driver data and vehicle information.

The vehicle model you are seeking coverage for is a large consideration when shopping for cheap auto insurance for college students. Vehicles with lots of speed or power, poor safety ratings, or a track record of large liability claims will cost much more to insure than more modest models.

The data below outlines insurance rates for a handful of the most cost-effective automobiles to insure.

Cheapest Vehicles to Insure in Orlando, FL
Insured Vehicle Estimated Cost for Full Coverage
Honda CR-V EX-L 2WD $3,204
Ford Escape Limited 2WD $3,210
Volkswagen Jetta S 2.5 Station Wagon $3,441
Toyota Prius $3,488
Ford Explorer XLT AWD $3,518
Ford Focus S 4-Dr Sedan $3,709
Toyota Camry LE $3,754
Chevrolet Malibu Hybrid $3,759
Chevrolet Impala LT $3,754
Toyota RAV4 4WD $3,761
Dodge Grand Caravan Hero $3,754
Toyota Tacoma Double Cab 4WD $3,802
Ford F-150 FX4 Super Cab 4WD $3,808
Hyundai Elantra GLS 4-Dr Sedan $3,988
Ford Edge Sport 2WD $3,996
Toyota Corolla S $3,988
Honda Odyssey EX-L W/Navigation $3,995
Nissan Rogue S 2WD $4,021
Kia Optima LX $4,029
Jeep Wrangler Unlimited Sahara 4WD 4-Dr $4,031
GMC Sierra SLT Extended Cab 4WD $4,036
Chevrolet Equinox LTZ AWD $4,042
Jeep Grand Cherokee Limited 4WD $4,036
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Cost estimates assume single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, and safe-driver. Price information does not factor in zip code location which can increase or decrease insurance rates greatly.

By looking at the data, you can see that models like the Honda CR-V, Ford Escape, Volkswagen Jetta, and Toyota Prius are most likely going to be some of the cheapest vehicles to insure for students in college. Rates will tend to be more expensive because there is a higher risk for college students, but generally speaking those models will have the cheapest rates available.

Which insurance company is best in Florida?

Finding a good quality auto insurance company can be a challenge considering how many different companies insure vehicles in Orlando. The ranking information listed below could help you analyze which providers you want to consider comparing rates with.

These ratings include companies who write in the majority of U.S. states, so companies that only write business in Florida or surrounding areas are not included in this list. If you would like to check rates and find cheaper insurance for college students, just click here.

Top 10 Major Auto Insurance Providers in Orlando Ranked by Customer Satisfaction

  1. USAA – 91%
  2. AAA Insurance – 90%
  3. Esurance – 90%
  4. Mercury Insurance – 89%
  5. Nationwide – 89%
  6. Travelers – 88%
  7. Progressive – 88%
  8. Safeco Insurance – 88%
  9. State Farm – 88%
  10. Allstate – 88%

Top 10 Major Auto Insurance Providers in Orlando Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. AAA Insurance
  5. Safeco Insurance
  6. Progressive
  7. The Hartford
  8. The General
  9. 21st Century
  10. Esurance

Reckless driving habits raise insurance rates

The easiest way to obtain the best insurance premiums for students in college is to drive safely and avoid accidents and violations. The illustration below shows how violations and at-fault collisions raise annual premium costs for each age group. The prices are based on a single male driver, comp and collision included, $100 deductibles, and no discounts are factored in.

The data in the chart shows the average cost of auto insurance in Orlando per year with a clean driving record and no accidents is $2,385. Receive two speeding tickets and the average cost hikes up to $3,168, an increase of $783 each year. Now throw in one accident along with the two speeding tickets and the 12-month cost of insurance for college students goes up to an average of $3,950. That’s an increase of $1,565, or $130 per month, just for not driving carefully!

Cost comparison with and without full coverage

Saving money on insurance should be important to most people, and one of the quickest ways to find cheap insurance for college students is to only buy liability coverage. The example below illustrates the difference between insurance costs with full physical damage coverage and with liability coverage only. The premium estimates are based on no accidents, no driving violations, $500 deductibles, marital status is single, and no discounts are taken into consideration.

As an average for all age groups, physical damage coverage costs an extra $2,619 per year over liability only. That may make you wonder when is the right time to remove full coverage. There is no definitive formula to drop comprehensive and collision coverage on your policy, but there is a broad guideline. If the annual cost of having full coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.

There are a few cases where eliminating full coverage is not in your best interest. If you still owe a portion of the original loan, you must maintain physical damage coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.