Finding low-priced car insurance is not the easiest thing to accomplish, and finding out which company offers the most affordable auto insurance rates for drivers over age 50 may require even more work. Each insurer has a different process for setting rates, so we need to take a look at the lowest cost auto insurance companies in Florida.
It’s important to understand that Florida auto insurance rates are impacted by many factors that may substantially change the cost of having a policy. Price variation is why it is critical to perform a complete rate comparison when trying to get the best auto insurance quotes for drivers over age 50. Prices consist of many different factors and change frequently, so the most economical option the last time you shopped around may now be wasting a lot of money.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $977 |
| 2 | Amica | $1,712 |
| 3 | Electric | $1,764 |
| 4 | Progressive | $1,829 |
| 5 | Travelers | $1,888 |
| 6 | Mercury | $1,914 |
| 7 | Allied | $2,004 |
| 8 | State Farm | $2,047 |
| 9 | Esurance | $2,102 |
| 10 | GEICO | $2,108 |
| 11 | Auto-Owners | $2,171 |
| 12 | Allstate | $2,340 |
| 13 | 21st Century | $2,373 |
| 14 | Windhaven Insurance | $2,549 |
| 15 | MetLife | $2,900 |
| 16 | Safeco | $2,987 |
| 17 | Hanover | $3,024 |
| 18 | Liberty Mutual | $3,131 |
| 19 | United Automobile | $3,457 |
| 20 | Direct General | $4,062 |
| Quote Your Rates Go | ||
USAA offers some of the most affordable car insurance rates in Orlando at around $977 per year. Amica, Electric, Progressive, and Travelers are also some of the cheapest Orlando, FL insurance companies.
In the above rates, if you buy coverage from Electric and switched to USAA, you could earn a yearly savings of in the vicinity of $787. Florida drivers with Progressive might save as much as $852 a year, and Travelers customers might lower prices by $911 a year.
Remember that these premium estimates are averaged across all drivers and vehicles in Florida and and are not figured with an exact zip code location for drivers over age 50. So the company that is best for you may not even be in the list above. That helps illustrate why you need to get rate quotes using your own driver data and vehicle information.
For older drivers, one of the big factors that are looked at to determine the price you pay for insurance is where your residence is in Orlando. Regions with more people or even just more weather-related claims tend to have more expensive auto insurance rates, whereas areas with lower vehicle theft rates and fewer weather claims have the benefit of cheaper car insurance.
The information below rates the most expensive places in Florida for drivers over age 50 in which to purchase auto insurance. Orlando ranks #18 costing $2,090 for the average policy, which is about $174 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Hialeah | $3,630 |
| 2 | Miami | $3,273 |
| 3 | Miami Gardens | $3,181 |
| 4 | Miami Beach | $2,953 |
| 5 | Miramar | $2,629 |
| 6 | West Palm Beach | $2,625 |
| 7 | Tampa | $2,558 |
| 8 | Hollywood | $2,552 |
| 9 | Davie | $2,523 |
| 10 | Pompano Beach | $2,518 |
| 11 | Pembroke Pines | $2,505 |
| 12 | Fort Lauderdale | $2,500 |
| 13 | Coral Springs | $2,499 |
| 14 | Brandon | $2,322 |
| 15 | St. Petersburg | $2,286 |
| 16 | Clearwater | $2,260 |
| 17 | Spring Hill | $2,102 |
| 18 | Orlando | $2,090 |
| 19 | Jacksonville | $1,960 |
| 20 | Port St. Lucie | $1,935 |
| Quote Best Rates Go | ||
Premium amounts are comparative as the specific area where the vehicle is garaged can lower or raise auto insurance rates considerably.
The vehicle model you are trying to insure is a significant factor in finding cheap coverage for drivers over age 50. Vehicles with lower acceleration and performance, good safety features, or a positive history of liability claims will cost quite a bit less to insure than higher performance models.
The list below ranks auto insurance rates for the most budget-friendly vehicles to insure.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 4WD | $1,181 |
| Honda Accord LX 4-Dr Sedan | $1,188 |
| Honda CR-V EX-L 4WD | $1,208 |
| Volkswagen Jetta S 2.5 Station Wagon | $1,279 |
| Hyundai Elantra SE Touring Station Wagon | $1,288 |
| Toyota Prius | $1,304 |
| Ford Explorer XLT 4WD | $1,326 |
| Ford Edge Limited 2WD | $1,370 |
| Toyota RAV4 2WD | $1,397 |
| Chevrolet Equinox LT 2WD | $1,406 |
| Chevrolet Impala LT | $1,397 |
| Chevrolet Malibu LT | $1,422 |
| Ford F-150 FX2 2WD | $1,430 |
| Start Your Quote Go | |
Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Premium amounts do not factor in specific zip code location which can modify auto insurance rates greatly.
Based upon the rates shown, models like the Ford Escape, Honda Accord, Honda CR-V, and Volkswagen Jetta are likely to be the cheapest vehicles to insure for older drivers.
How to get discounts on Orlando car insurance rates
Auto insurance companies that offer coverage for drivers over age 50 may also offer special discounts that could reduce prices by 40% or more if you are eligible for them. Large auto insurance companies and a selection of discounts include:
- GEICO includes discounts for air bags, anti-lock brakes, multi-vehicle, anti-theft, multi-policy, and seat belt use.
- SAFECO discounts include anti-lock brakes, multi-car, teen safe driver, safe driver, anti-theft, teen safety rewards, and homeowner.
- State Farm may include discounts for defensive driving training, anti-theft, student away at school, multiple policy, and safe vehicle.
- MetLife policyholders can earn discounts including defensive driver, multi-policy, good student, claim-free, and accident-free.
- 21st Century offers discounts for driver training, automatic seat belts, air bags, anti-lock brakes, homeowners, early bird, and defensive driver.
- Progressive has discounts for multi-policy, online quote discount, homeowner, good student, continuous coverage, online signing, and multi-vehicle.
The example below shows the comparison of insurance rates with and without discounts applied to the rates. The premium estimates are based on a male driver, no claims or violations, Florida state minimum liability limits, comp and collision included, and $1,000 deductibles.
The first bar for each age group shows the price with no discounts. The second shows the rates with accident-free, safe-driver, homeowner, vehicle safety, anti-theft, and passive restraint discounts applied. When these discounts are applied to the policy premium, the average amount saved each year on auto insurance for drivers over age 50 is 30% or $520.
Auto insurance rates are higher with tickets and accidents
In a perfect world, the best way to maintain low auto insurance premiums in Florida for older drivers is to be a safe driver and avoid accidents and violations. The information below shows how speeding tickets and at-fault collisions influence insurance costs for different age groups. The premium estimates are based on a single male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.
In the previous chart, the average cost of car insurance per year with a clean driving record and no accidents is $2,656. Get written up for one speeding ticket and the average cost surges to $2,989, an increase of $333 each year. Now throw in two accidents along with the one speeding ticket and the 12-month cost of auto insurance for drivers over age 50 increases to an average of $5,704. That’s an increase of $3,048, or $254 per month, just for being a little careless behind the wheel!
How to find low-cost auto insurance for drivers over age 50
The list below details a few money-saving suggestions that can help Orlando drivers get lower-cost coverage.
- Clean up your credit
- Do not file small claims
- Prevent rate increases by staying accident-free
- Lower rates by purchasing a safer vehicle
- Be a cautious driver
- Shop around once a year for cheaper rates
That final tip is very critical, as was stressed in this article. Insurance prices can change considerably based on profitability, so drivers shouldn’t be resistant to buy from a different company if a lower price can be found. Having a favorite company is fine, but it’s not a great idea if that stubbornness costs you a lot of money. Now is a great time to compare prices to find cheaper car insurance for drivers over age 50 in Orlando.
If you have coverage questions and would like to have a consultation when shopping around for cheaper insurance for drivers over age 50, the agents below can help you determine which auto insurance policy would work best for you. To find an Orlando insurance agency nearest to you, click the button following the list.
Lorenzo Hayward – State Farm Insurance Agent
5218 W Colonial Dr – Orlando, FL 32808 – (407) 299-4642
Rocco English – State Farm Insurance Agent
7536 Dr Phillips Blvd #320 – Orlando, FL 32819 – (407) 351-5353
Jim Daniels – State Farm Insurance Agent
4759 S Conway Rd – Orlando, FL 32812 – (407) 855-6791
Chris Vella – State Farm Insurance Agent
992 N Semoran Blvd – Orlando, FL 32807 – (407) 898-8836
Orlando Health Insurance Agent
7898 Canyon Lake Cir – Orlando, FL 32835 – (321) 446-6527