Who Has Cheap Orlando Auto Insurance for Business Use?

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.

Cheapest Vehicles to Insure in Orlando, FL
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

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Cheapest insurance companies in Florida
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

Save on insurance for using your car for business in OrlandoCar 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.

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

  1. Travelers – A++
  2. USAA – A++
  3. GEICO – A++
  4. State Farm – A++
  5. Titan Insurance – A+
  6. Esurance – A+
  7. Progressive – A+
  8. The Hartford – A+
  9. Allstate – A+
  10. Nationwide – A+

Top 10 Large 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