The words “bargain” and “insurance” probably shouldn’t be used together, specifically when shopping around for the cheapest coverage for safe drivers. Let’s learn about some situations that determine insurance premiums, and find out if we can help you lower the cost of the next policy you buy.
For good drivers, one of the big components that aid in calculating the price you pay for insurance is where you keep your car in Orlando. Areas with more people or higher crime rates tend to pay slightly more, whereas areas with lower vehicle theft rates and fewer weather claims have the benefit of cheaper auto insurance prices.
The information below rates the highest-priced areas in Florida for safe drivers to purchase auto insurance in. Orlando ranks #17 with the annual price of $2,069 for the average insurance policy, which is approximately $172 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Hialeah | $3,595 |
| 2 | Miami | $3,273 |
| 3 | Miami Gardens | $3,149 |
| 4 | Miami Beach | $3,043 |
| 5 | West Palm Beach | $2,705 |
| 6 | Tampa | $2,636 |
| 7 | Miramar | $2,629 |
| 8 | Fort Lauderdale | $2,550 |
| 9 | Coral Springs | $2,549 |
| 10 | Pompano Beach | $2,543 |
| 11 | Hollywood | $2,526 |
| 12 | Davie | $2,473 |
| 13 | Pembroke Pines | $2,431 |
| 14 | Brandon | $2,368 |
| 15 | St. Petersburg | $2,286 |
| 16 | Clearwater | $2,194 |
| 17 | Orlando | $2,069 |
| 18 | Spring Hill | $2,060 |
| 19 | Jacksonville | $1,960 |
| 20 | Port St. Lucie | $1,916 |
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Annual rates are comparative as the specific garaging location can affect price quotes noticeably.
The type of vehicle needing coverage is a significant factor when looking for economical auto insurance for safe drivers. Vehicles with limited top-end speed, excellent safety ratings, or a low likelihood of liability claims will cost less to insure than adrenaline junky models.
The table below shows auto insurance prices for a handful of the cheaper vehicles to buy coverage for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $1,416 |
| Honda Accord EX 4-Dr Sedan | $1,423 |
| Jeep Grand Cherokee Laredo 4WD | $1,531 |
| Chevrolet Malibu LS | $1,536 |
| Hyundai Elantra SE Touring Station Wagon | $1,541 |
| Ford Escape Limited 4WD | $1,550 |
| Toyota Tacoma Double Cab 4WD | $1,559 |
| Volkswagen Jetta S 2.5 Station Wagon | $1,582 |
| Toyota Corolla LE | $1,613 |
| Toyota Prius | $1,621 |
| GMC Sierra SLT Extended Cab 4WD | $1,641 |
| Chevrolet Silverado LTZ Extended Cab 4WD | $1,651 |
| Nissan Rogue S AWD | $1,644 |
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Premium data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Table data does not factor in specific garaging location which can influence insurance rates greatly.
By looking at the data, you can presume that makes and models like the Honda CR-V, Honda Accord, Jeep Grand Cherokee, Chevrolet Malibu, and Hyundai Elantra will be the most economical vehicles to insure for good drivers.
Types of discounts on Orlando auto insurance
Insurance providers that provide coverage for safe drivers may also offer discounts that could potentially reduce rates by as much as 25% or more if you meet the requirements. A few of the larger companies and a summarized list of policyholder discounts are detailed below.
- GEICO discounts include multi-vehicle, anti-lock brakes, multi-policy, federal employee, and good student.
- Travelers may offer discounts for good student, home ownership, driver training, payment discounts, new car, continuous insurance, and IntelliDrive.
- Farm Bureau has savings for multi-vehicle, 55 and retired, driver training, safe driver, good student, and youthful driver.
- Liberty Mutual has discounts for multi-car, hybrid vehicle, new vehicle discount, new graduate, multi-policy, and teen driver discount.
- American Family may have discounts that include good student, defensive driver, early bird, Steer into Savings, mySafetyValet, TimeAway discount, and multi-vehicle.
- Progressive policyholders can earn discounts including online signing, multi-vehicle, multi-policy, online quote discount, good student, and homeowner.
The chart below illustrates the difference between car insurance rates with and without discounts. The rates are based on a female driver, no accidents or driving violations, Florida state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second shows the rates with multiple vehicle, anti-theft, multiple policy, defensive driving course, vehicle safety, and safe-driver discounts applied. In this example, theaverage amount saved on auto insurance for safe drivers is 28% or $518.
Cautious Orlando drivers save money
In a perfect world, the ideal way to receive cheap auto insurance rates in Orlando for good drivers is to be a cautious driver and avoid getting tickets or having accidents. The chart below highlights how speeding tickets and at-fault accidents drive up insurance prices for different age groups of insureds. The premium estimates are based on a single female driver, full coverage, $1,000 deductibles, and no discounts are applied to the premium.
The chart shows that the average cost of car insurance in Florida per year with no violations or accidents is $1,803. Add in one speeding ticket and the average cost surges to $2,046, an increase of $243 each year. Next add one accident along with the one speeding ticket and the annual cost of auto insurance for safe drivers jumps again to an average of $2,720. That’s an increase of $917, or $76 per month, just for not keeping your driving record clean!
Compare quotes and save
Orlando, FL auto insurance rates are determined by lots of factors that will increase or decrease the price of your policy. Simply having another birthday, buying higher coverage limits, or getting a few speeding tickets may prompt premium changes resulting in some companies being cheaper than before.
Not only may things change on your end, but auto insurance companies file new rates multiple times each year to ensure their profitability. A period of higher than normal claims can cause rate hikes, while less frequent claims can result in lower-priced Orlando car insurance rates.
The bar chart below shows the cheapest car insurance in Orlando, FL for a 35-year-old male driver with a clean driving record, no accidents, and a high credit rating. When comparing rates based on his current risk profile, USAA quotes the lowest car insurance rates in Orlando at $1,227 annually. This is $1,221 less than the average rate paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers are also included in the best Orlando, FL auto insurance companies.
In this example, we will give the driver from the first example a chargeable accident, a lower credit rating, and a few blemishes on his driving record. Since every insurance provider has a unique approach for setting rates, analyzing rates may now present a different set of cheap Orlando auto insurance companies as shown below.
USAA now has the lowest car insurance rate in Orlando, FL with Allied, Esurance, Auto-Owners, and State Farm also having competitive pricing. This example illustrates why drivers need to perform a complete rate comparison to find the most affordable insurance rates for safe drivers.
Insurance prices are made up of many risk factors and can change substantially, so the most economical company three years ago may now be quite expensive.
How to find economical insurance for safe drivers
The list below details many penny-pinching ideas that can help drivers locate low-cost car insurance.
- Do not get traffic violations
- Drive safe vehicles
- Better credit scores save money
- Prevent price hikes by avoiding at-fault accidents
- Raise your deductibles
- Shop around and save
The last idea is very crucial, as we stressed in this piece. Auto insurance rates in Orlando can be adjusted at any time, so don’t be hesitant to buy from a new company if a cheaper price is available.
Many consumers stick with the same company and that’s fine, but is isn’t recommended if that loyalty ends up costing lots of hard earned cash every month. Spend a few minutes and shop around and find cheaper insurance for safe drivers.
If you have questions and prefer to have the advice of a professional agent when shopping around for cheaper insurance for good drivers, the insurance agencies listed below can probably help you decide which auto insurance coverages would be the best in your situation. To locate an Orlando insurance agent closest to you, click the button link following the list or click here to compare price quotes now.
Bud Redditt Insurance Agency Inc
1716 W Colonial Dr – Orlando, FL 32804 – (407) 855-6797
Sikes Insurance Agency Inc
5145 Curry Ford Rd – Orlando, FL 32812 – (407) 282-5145
National Insurance Agencies
1005 N Pine Hills Rd – Orlando, FL 32808 – (407) 480-5521
Marylou Davis – State Farm Insurance Agent
6200 Metrowest Blvd #103 – Orlando, FL 32835 – (407) 857-0400