The words “economical” and “auto insurance” really shouldn’t be used in the same sentence, especially when shopping around for the cheapest car insurance for infrequent drivers. To save some money, let’s lead off by showing you a few of the factors that help determine insurance prices, and see if you can take a little off the next policy you buy.
The vehicle model requiring insurance is one of the primary factors when trying to find cheaper auto insurance for infrequent drivers. Vehicles with high performance engines, poor passenger safety features, or a high likelihood of having liability claims will cost much more to insure than more economical and safe models.
The next table shows coverage rates for the most cost-effective automobiles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape Limited 2WD | $1,133 |
| Honda Accord EX-L 4-Dr Sedan | $1,200 |
| Honda Odyssey EX W/Rear Entertainment | $1,286 |
| GMC Sierra SL Extended Cab 2WD | $1,312 |
| Chevrolet Impala LT | $1,318 |
| Nissan Altima 2.5 4-Dr Sedan | $1,312 |
| Honda CR-V EX 2WD | $1,360 |
| Toyota Camry SE | $1,382 |
| Ford F-150 STX Regular Cab 2WD | $1,398 |
| Ford Edge SE 2WD | $1,407 |
| Nissan Rogue S 2WD | $1,406 |
| Chevrolet Silverado LS Crew Cab 4WD | $1,408 |
| Chevrolet Silverado 2500HD LTZ Crew Cab 4WD | $1,416 |
| GMC Sierra 2500HD SLE Crew Cab 4WD | $1,408 |
| Hyundai Elantra SE Touring Station Wagon | $1,480 |
| Toyota Camry Hybrid | $1,501 |
| Toyota RAV4 Sport 2WD | $1,506 |
| Toyota Prius | $1,511 |
| Ford Explorer Eddie Bauer 2WD | $1,525 |
| Dodge Grand Caravan SE | $1,532 |
| Chevrolet Malibu LT | $1,532 |
| Toyota Tacoma Double Cab 4WD | $1,542 |
| Toyota Corolla S | $1,585 |
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Price data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Rate information does not factor in vehicle location which can change auto insurance rates greatly.
Looking at the numbers, models like the Ford Escape, Honda Accord, and Honda Odyssey are some of the most budget-friendly vehicles to insure for low mileage drivers.
Finding reliable, affordable insurance is not always easy, and deciding which companies have the cheapest insurance rates for infrequent drivers involves a bit more work. Each insurer uses a different method to establish rates, so first we will examine the insurance companies with the most affordable rates in Orlando, FL.
Best Insurance Companies in Florida
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $986 |
| 2 | Electric | $1,694 |
| 3 | Amica | $1,694 |
| 4 | Progressive | $1,775 |
| 5 | Travelers | $1,888 |
| 6 | Mercury | $1,992 |
| 7 | Allied | $2,004 |
| 8 | Esurance | $2,102 |
| 9 | State Farm | $2,131 |
| 10 | Auto-Owners | $2,149 |
| 11 | GEICO | $2,150 |
| 12 | Allstate | $2,317 |
| 13 | 21st Century | $2,445 |
| 14 | Windhaven Insurance | $2,575 |
| 15 | MetLife | $2,870 |
| 16 | Safeco | $2,927 |
| 17 | Hanover | $3,024 |
| 18 | Liberty Mutual | $3,101 |
| 19 | United Automobile | $3,457 |
| 20 | Direct General | $3,942 |
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USAA offers some of the most affordable car insurance rates in Orlando at around $986 a year. This is $1,462 less than the average policy premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers also qualify as some of the cheaper Orlando, FL insurance companies.
As the example above demonstrates, if you are a policyholder with Amica and switched to USAA, you might see an annual savings of roughly $708. Drivers with Progressive could save as much as $789 a year, and Travelers insureds might cut rates by $902 a year.
To compare your rates to other Florida insurance companies, click here to start your custom quote or visit any of the companies below.
It’s important to note that these prices are averaged across all drivers and vehicles in Florida and do not factor in a specific zip code for infrequent drivers. So the auto insurance company that has the cheapest price for you may not even be in the top 21 companies in the list above. That affirms the importance of why you need to quote rates from many companies using your own driver and vehicle profiles.
Does full coverage make sense?
Saving money when shopping for insurance is important to the majority of drivers, and one of the fastest ways to buy cheap insurance for infrequent drivers is to not buy full coverage. The diagram below visualizes the comparison of car insurance rates when comparing full coverage to liability only. The premiums are based on no driving violations, no at-fault accidents, $500 deductibles, drivers are single, and no discounts are applied to the premium.
Averaged for all ages 20 through 70, physical damage coverage on your policy costs $2,619 per year more than carrying just liability coverage. That touches on the question when is the right time to remove full coverage. There isn’t a written rule of when to drop physical damage insurance, but there is a guideline you can use. If the annual cost of coverage is more than about 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.
The diagram below highlights how deductible choice can change insurance costs when getting quotes for cheap insurance for infrequent drivers. The prices are based on a single male driver, comp and collision included, and no additional discounts are factored in.
The data above shows that a 40-year-old driver could lower rates by $410 a year by increasing from a $100 deductible to a $500 deductible, or save $618 by using a $1,000 deductible. Young drivers, like the 20-year-old example, could lower their rates as much as $1,354 annually just by using higher deductibles. If you do make the decision to raise your deductibles, it is important to have spare funds to satisfy the extra out-of-pocket expense, which is the main drawback of higher deductibles.
How to find the cheapest insurance for infrequent drivers
The list below shows some of the recommended thrifty ideas that can help you buy lower-cost auto insurance.
- Avoid at-fault accidents and claims
- Do not get tickets or violations
- Do not pay for full coverage if not needed
- Don’t have frequent claims
- Buy your homeowners policy from the same company as your auto insurance
- Drive vehicles with five-star safety ratings
- Compare rates regularly to ensure the best deal
The last tip in the list is very critical, as was affirmed in this piece. Car insurance rates in Orlando change constantly, so drivers shouldn’t hesitate to switch companies if you find a cheaper price. Being loyal to a particular company is commendable, but it’s not a great idea if that dedication is costing money that could be used for better things. Spend a few minutes and compare prices to find cheaper car insurance for infrequent drivers.