The make and model of vehicle requiring insurance is probably the most important factor when quoting low-cost insurance for business use. Vehicles with higher performance, a lack of advanced safety features, or high incidents of liability claims will cost substantially more to insure than safer models. The data below presents car insurance rates for a handful of the most budget-friendly automobiles to insure in Florida.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 2WD | $1,308 |
| Toyota Prius | $1,326 |
| Ford F-150 XLT Regular Cab 4WD | $1,343 |
| Honda CR-V EX-L 4WD | $1,387 |
| Jeep Grand Cherokee Laredo 2WD | $1,419 |
| Jeep Wrangler Unlimited Sport 2WD 4-Dr | $1,431 |
| Ford Explorer Limited AWD | $1,444 |
| Honda Civic LX-S 4-Dr Sedan | $1,468 |
| Toyota Corolla S | $1,496 |
| Honda Odyssey EX | $1,520 |
| Volkswagen Jetta 2.0T 4-Dr Sedan | $1,529 |
| Ford Edge Limited 2WD | $1,562 |
| Chevrolet Impala LS | $1,570 |
| Chevrolet Silverado 3500HD LTZ Crew Cab 2WD | $1,574 |
| Toyota RAV4 4WD | $1,597 |
| Chevrolet Equinox LS 2WD | $1,604 |
| Chevrolet Malibu Hybrid | $1,597 |
| Ford Focus SES 4-Dr Sedan | $1,604 |
| Toyota Tacoma Double Cab 4WD | $1,631 |
| Dodge Grand Caravan Crew | $1,640 |
| Chevrolet Silverado LT Regular Cab | $1,656 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,663 |
| GMC Sierra 2500HD SLE Crew Cab 4WD | $1,666 |
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Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Prices do not factor in your specific Orlando, FL location which can alter prices noticeably.
Looking at the numbers, you can see that models like the Ford Escape, Toyota Prius, Ford F-150, and Honda CR-V are most likely going to be the less-costly vehicles to insure for using your car for business. The cost of a car insurance policy will be higher anyway just because there is more claim risk for business use, but in general those vehicles will have the best rates available.
Deciding which company has the best insurance rates for business use calls for more work in order to find the lowest price. Each insurer has a different formula for determining prices, so let’s take a look at the insurance companies that tend to be cheaper in Florida.
We do need to point out that Orlando insurance rates are impacted by many factors that control the price you have to pay for coverage. Simply having another birthday, buying a home, or getting a reckless driving citation can cause premium changes resulting in some companies being more affordable than before.
Best Insurance Companies for Business Use
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $977 |
| 2 | Amica | $1,694 |
| 3 | Electric | $1,764 |
| 4 | Progressive | $1,793 |
| 5 | Allied | $1,926 |
| 6 | Travelers | $1,926 |
| 7 | Mercury | $1,992 |
| 8 | Esurance | $2,082 |
| 9 | Auto-Owners | $2,107 |
| 10 | State Farm | $2,110 |
| 11 | GEICO | $2,172 |
| 12 | Allstate | $2,340 |
| 13 | 21st Century | $2,445 |
| 14 | Windhaven Insurance | $2,575 |
| 15 | MetLife | $2,958 |
| 16 | Hanover | $2,964 |
| 17 | Safeco | $3,016 |
| 18 | Liberty Mutual | $3,101 |
| 19 | United Automobile | $3,527 |
| 20 | Direct General | $3,942 |
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USAA quotes some of the cheapest car insurance rates in Orlando at around $977 a year. This is $1,471 less than the average price paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Allied are also some of the cheaper Orlando, FL auto insurance companies.
As shown in the rates above, if you are a customer of Allied and switched to Amica, you could see a yearly savings of around $232. Florida drivers with Travelers could save as much as $232 a year, and Mercury customers might cut rates by $298 a year.
Be aware that those policy prices are averaged for all insureds and vehicles and and are not figured with a vehicle location for business use. So the company that fits your needs best may not even be in the list above. That illustrates why you need to get auto insurance quotes using your own specific driver and vehicle information.
The example below illustrates how your deductible choice can increase or decrease insurance premiums when trying to find cheap insurance for business use. Data assumes a single female driver, full physical damage coverage, and no discounts are applied.
A 40-year-old driver could lower their car insurance rates by $332 a year by increasing from a $100 deductible to a $500 deductible, or save $500 by using a $1,000 deductible. Younger drivers, such as the 20-year-old example, can cut $838 every year by using higher deductibles when buying full coverage.
When choosing a higher deductible, it is important to have emergency funds available to offset the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
Discount Orlando insurance rates
Car insurance companies that offer cheap quotes for business use may also give you premium discounts that could lower prices by 25% or more if you are eligible. Popular insurance companies and some of their more popular discounts can be read below.
- State Farm has discounts for defensive driving training, accident-free, anti-theft, multiple policy, and Steer Clear safe driver discount.
- Esurance discounts include Pac-12 alumni, paid-in-full, renters, anti-theft, claim free, and DriveSense.
- Progressive may offer discounts for good student, online signing, multi-vehicle, multi-policy, online quote discount, homeowner, and continuous coverage.
- Liberty Mutual has savings for preferred payment discount, new move discount, hybrid vehicle, new graduate, exclusive group savings, and good student.
- Auto-Owners Insurance offers discounts for safe driver, air bags, company car, multiple vehicles, anti-theft, and group or association.
- GEICO includes discounts for military active duty, multi-vehicle, five-year accident-free, air bags, and membership and employees.
The diagram below illustrates the difference between insurance costs with and without discounts. The prices are based on a female driver, no violations or accidents, Florida state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with defensive driving course, multiple vehicle, anti-theft, passive restraint, accident-free, and safe-driver discounts applied. When discounts are factored in, the average savings per year on insurance for business use is 28% or $693.
Ending up with the highest-rated auto insurance provider can be rather challenging considering how many companies sell insurance in Orlando. The ranking data shown below may help you analyze which car insurance providers to look at when comparing insurance rates for business use. The rankings below only include large insurance companies, so smaller companies that only insure vehicles in Florida will not be included in these rankings.
Top 10 Large Auto Insurance Providers in Orlando Ranked by A.M. Best Rating
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- The Hartford – A+
- Allstate – A+
- Nationwide – A+
Top 10 Large Auto Insurance Providers in Orlando Ranked by Value
- Mercury Insurance
- Travelers
- American Family
- AAA Insurance
- Safeco Insurance
- Progressive
- The Hartford
- The General
- 21st Century
- Esurance