The vehicle that needs insurance is one of the primary factors when comparing quotes for the most economical insurance for veterans. Vehicles with limited speed and performance, a great safety record, or a low likelihood of having liability claims will cost quite a bit less to insure than fast, unsafe models. The information below outlines auto insurance prices for the most budget-friendly vehicles to insure in Florida.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX-P 4-Dr Sedan | $1,298 |
| Ford Escape Limited 4WD | $1,408 |
| Honda CR-V EX 2WD | $1,416 |
| Chevrolet Equinox LT 2WD | $1,531 |
| Chevrolet Malibu Hybrid | $1,536 |
| Dodge Grand Caravan CV | $1,585 |
| Toyota Corolla XLE | $1,613 |
| Toyota Prius | $1,621 |
| GMC Sierra SLE Extended Cab 4WD | $1,641 |
| GMC Sierra 2500HD SLE Extended Cab 4WD | $1,649 |
| Nissan Altima Hybrid 4-Dr Sedan | $1,641 |
| Kia Optima LX | $1,644 |
| Chevrolet Impala LS | $1,652 |
| Ford Focus SE 4-Dr Sedan | $1,644 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,649 |
| Chevrolet Silverado 3500HD LT Crew Cab 2WD | $1,672 |
| Toyota RAV4 Limited 4WD | $1,677 |
| Honda Odyssey EX | $1,693 |
| Toyota Tacoma Double Cab 4WD | $1,710 |
| Chevrolet Silverado Crew Cab Hybrid 2WD | $1,723 |
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Prices above 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 multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Premium amounts do not factor in vehicle garaging location which can modify auto insurance rates substantially.
By looking at the data, we can tell that vehicles like the Honda Accord, Ford Escape, and Honda CR-V should be a few of the most economical vehicles to insure for veterans.
For veterans, one of the big things that are looked at to help calculate insurance cost is the neighborhood you call home in Orlando. Areas with more people or more claims will most likely have higher rates, whereas less populated areas tend to receive slightly lower rates.
The information below sorts the most expensive places in Florida for veterans to purchase car insurance in. Orlando is ranked at #19 with an annual cost of $2,008 for the average insured, which is approximately $167 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Hialeah | $3,630 |
| 2 | Miami | $3,273 |
| 3 | Miami Gardens | $3,149 |
| 4 | Miami Beach | $3,013 |
| 5 | Miramar | $2,629 |
| 6 | Pompano Beach | $2,620 |
| 7 | Tampa | $2,610 |
| 8 | Hollywood | $2,604 |
| 9 | West Palm Beach | $2,599 |
| 10 | Fort Lauderdale | $2,500 |
| 11 | Coral Springs | $2,474 |
| 12 | Davie | $2,473 |
| 13 | Pembroke Pines | $2,431 |
| 14 | Brandon | $2,368 |
| 15 | St. Petersburg | $2,263 |
| 16 | Clearwater | $2,172 |
| 17 | Jacksonville | $2,040 |
| 18 | Spring Hill | $2,039 |
| 19 | Orlando | $2,008 |
| 20 | Port St. Lucie | $1,994 |
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Premium costs are approximated as the garaging address in Orlando can decrease or increase prices significantly.
Figuring out which insurers offer the cheapest car insurance rates for veterans calls for a little more work in order to find the best policy.
Each auto insurance company uses a different method to determine premium rates, so we’ll take a look at the overall cheapest car insurance companies in Orlando.
Best Auto Insurance Prices for Vets
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $986 |
| 2 | Amica | $1,712 |
| 3 | Electric | $1,764 |
| 4 | Progressive | $1,775 |
| 5 | Travelers | $1,926 |
| 6 | Allied | $1,945 |
| 7 | Mercury | $1,973 |
| 8 | Esurance | $2,040 |
| 9 | State Farm | $2,047 |
| 10 | GEICO | $2,086 |
| 11 | Auto-Owners | $2,149 |
| 12 | 21st Century | $2,373 |
| 13 | Allstate | $2,388 |
| 14 | Windhaven Insurance | $2,653 |
| 15 | MetLife | $2,900 |
| 16 | Safeco | $2,927 |
| 17 | Liberty Mutual | $3,009 |
| 18 | Hanover | $3,024 |
| 19 | United Automobile | $3,527 |
| 20 | Direct General | $3,902 |
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USAA may offer some of the best car insurance rates in Orlando at around $986 a year. Amica, Electric, Progressive, and Travelers are also some of the most economical Orlando, FL car insurance companies.
As the example above demonstrates, if you currently have a policy with Travelers and switched to Amica, you could realize savings of about $214. Florida drivers with Allied might save as much as $233 a year, and Mercury customers might see rate reductions of $261 a year.
To find out how your current rates compare, click here to get a free quote or click several companies below for low rates.
It’s important to note that these premiums are averaged across all drivers and vehicles and do not take into consideration a vehicle location for veterans. So the car insurance company that fits your needs best may not even be in the list above. That emphasizes why you need to get quotes using your own personal information and vehicle type.
Get discounts on Orlando auto insurance rates
Insurance companies that sell policies for veterans could also offer policy discounts that could lower prices by as much as 40% or more if you qualify. Companies and a selection of discounts can be found below.
- State Farm discounts include Steer Clear safe driver discount, good driver, multiple autos, student away at school, and safe vehicle.
- Progressive offers discounts including homeowner, continuous coverage, multi-policy, multi-vehicle, online signing, and good student.
- Progressive policyholders can earn discounts including continuous coverage, multi-vehicle, good student, online signing, and multi-policy.
- MetLife offers premium reductions for accident-free, defensive driver, good driver, multi-policy, and claim-free.
- Farm Bureau includes discounts for driver training, renewal discount, multi-policy, safe driver, and youthful driver.
- GEICO offers discounts for good student, driver training, daytime running lights, multi-policy, five-year accident-free, defensive driver, and anti-theft.
- SAFECO may include discounts for anti-theft, teen safe driver, safe driver, drive less, multi-car, homeowner, and teen safety rewards.
The diagram below compares auto insurance rates with and without discounts applied to the premium. The prices are based on a male driver, no claims or driving citations, 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 bar shows the rates with homeowner, accident-free, claim-free, vehicle safety, multiple policy, and defensive driving course discounts applied. When drivers qualify for the discounts, theaverage yearly reduction on car insurance for veterans is 28% or $904.
Safe drivers pay cheaper rates
The easiest method to score the best car insurance prices in Orlando for veterans is to be a safe driver and maintain a clean driving record. The information below shows how traffic citations and at-fault fender-benders can influence insurance prices for different categories of driver ages. The data assumes a single female driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.
In the previous chart, the average cost of an auto insurance policy in Florida per year with no violations or accidents is $1,669. Factor in two speeding tickets and the average cost swells to $2,222, an increase of $553 each year. Then include two accidents along with the two speeding tickets and the annual cost of car insurance for veterans goes up to an average of $4,535. That’s an increase of $2,866, or $239 per month, just for not driving attentively!
The chart below highlights how deductible selection can change insurance prices when searching for cheap insurance for veterans. The costs are based on a married male driver, full physical damage coverage, and no discounts are factored in.
The data above shows that a 30-year-old driver could cut expenses by $386 a year by increasing from a $100 deductible to a $500 deductible, or save $582 by switching to a $1,000 deductible. Younger drivers, like the Age 20 chart data, could drop their prices as much as $1,162 or even more by using a higher deductible. When increasing deductibles, it is essential to have plenty of money set aside to enable you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Ideas for finding more affordable insurance for veterans
The list below shows a few thrifty solutions that can help drivers locate lower-cost car insurance.
- The safer your car, the less it costs to insure
- Better credit scores save money
- Insure your home and auto with the same company
- Increase the comprehensive and collision deductibles on your policy
- Having too many claims will increase rates substantially
- Assess whether full coverage is needed
- Compare rate quotes often
That last piece of advice is very crucial, as we discussed in this piece. Car insurance rates in Orlando fluctuate constantly, so don’t be tentative to buy from a different company if you can save money. Many drivers prefer to stick with one company, but it’s not recommended if that dedication is costing money that could be going to better use. It only takes a couple minutes to compare prices and find cheaper car insurance for veterans.
The Orlando auto insurance agencies shown below can help you determine which coverages are best, since many people would rather have professional advice when trying to find lower insurance rates for veterans. It can be hard to find the best policy yourself, so getting advice from a licensed Florida insurance agent can add comfort knowing your coverage gives you suitable coverage if you have an accident.
To locate an Orlando car insurance agency near you, click the link at the bottom.
- Bill Cordy – State Farm Insurance Agent
2737 N Hiawassee Rd – Orlando, FL 32818 – (407) 298-9996 - Allstate Insurance: Polette Hernandez Gardner
2606 E Robinson St – Orlando, FL 32803 – (407) 380-0083 - Allstate Insurance: Domingo Bravo
9330 Narcoossee Rd – Orlando, FL 32827 – (407) 281-6300