Who Has the Cheapest Orlando Auto Insurance for Drivers Over Age 50?

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.

Find the Cheapest Car Insurance for Age 50+

Click Here to Start Your Quote

Rankings for the cheapest car insurance companies in Florida
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.

Car insurance prices in Orlando
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.

Cheapest Vehicles to Insure in Orlando, FL
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

Save on auto insurance for older drivers in OrlandoAuto 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:

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.

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 DrOrlando, FL 32808(407) 299-4642

Rocco English – State Farm Insurance Agent
7536 Dr Phillips Blvd #320Orlando, FL 32819(407) 351-5353

Jim Daniels – State Farm Insurance Agent
4759 S Conway RdOrlando, FL 32812(407) 855-6791

Chris Vella – State Farm Insurance Agent
992 N Semoran BlvdOrlando, FL 32807(407) 898-8836

Orlando Health Insurance Agent
7898 Canyon Lake CirOrlando, FL 32835(321) 446-6527

Find an Orlando, FL insurance agent near you