Locating cost effective auto insurance is hard enough, and figuring out which company quotes the lowest-priced car insurance rates for drivers under 25 takes even more diligence. Each auto insurance company has a unique formula to set premium rates, so we’ll take a look at the most affordable car insurance companies in Florida.
Find the Cheapest Car Insurance for Young Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $957 |
| 2 | Amica | $1,712 |
| 3 | Electric | $1,746 |
| 4 | Progressive | $1,793 |
| 5 | Travelers | $1,869 |
| 6 | Mercury | $1,914 |
| 7 | Allied | $2,004 |
| 8 | Esurance | $2,040 |
| 9 | State Farm | $2,047 |
| 10 | Auto-Owners | $2,107 |
| 11 | GEICO | $2,108 |
| 12 | Allstate | $2,411 |
| 13 | 21st Century | $2,445 |
| 14 | Windhaven Insurance | $2,627 |
| 15 | Safeco | $2,898 |
| 16 | Hanover | $2,934 |
| 17 | MetLife | $2,988 |
| 18 | Liberty Mutual | $3,131 |
| 19 | United Automobile | $3,562 |
| 20 | Direct General | $4,022 |
| View More Rates Go | ||
USAA normally has some of the best car insurance rates in Orlando at around $957 each year. Amica, Electric, Progressive, and Travelers would also be considered some of the most economical Orlando, FL car insurance companies.
As shown in the table above, if you have coverage with Electric and switched to USAA, you may realize savings of about $789. Drivers with Progressive might save as much as $836 a year, and Travelers customers might see rate reductions of $912 a year.
These premium estimates are averaged for all types of drivers and the different vehicles they drive and do not factor in a specific zip code for drivers under 25. So the insurer that can offer you the best rate may not even be in the top 21 companies shown above. That is why you need to compare rates from multiple companies using your own individual information.
The vehicle model requiring insurance is one of the largest considerations when shopping for economical coverage for drivers under 25. Vehicles with lower performance, good safety features, or a low likelihood of having liability claims will cost significantly less to insure than adrenaline junky models.
The next table presents car insurance costs for a handful of the most cost-effective vehicles to insure.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 4WD | $2,740 |
| Hyundai Elantra SE Touring Station Wagon | $2,914 |
| Ford Escape Limited 4WD | $2,920 |
| Toyota Prius | $2,954 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $2,987 |
| Volkswagen Jetta SE 2.5 Station Wagon | $3,127 |
| Ford Edge SEL AWD | $3,160 |
| Toyota Tacoma 2WD | $3,169 |
| Chevrolet Impala LT | $3,200 |
| Toyota RAV4 Limited 4WD | $3,209 |
| Toyota Camry LE | $3,200 |
| Ford F-150 XLT Crew Cab 4WD | $3,241 |
| Chevrolet Malibu LT | $3,251 |
| Ford Explorer Limited AWD | $3,241 |
| Dodge Grand Caravan SXT | $3,251 |
| Honda Civic EX 4-Dr Sedan | $3,334 |
| Ford Focus SEL 4-Dr Sedan | $3,344 |
| Find Cheaper Rates Go | |
Data based on single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium costs do not factor in specific zip code location which can influence premiums significantly.
By looking at the data, we can tell that models like the Honda CR-V, Hyundai Elantra, Ford Escape, and Toyota Prius will be some of the more affordable vehicles to insure for drivers age 25 and younger. The cost of auto insurance will be higher anyway just due to the fact that there is more inherent risk for drivers under 25, but in general those particular models will probably have the least expensive rates that you’ll find.
One of the many criteria that help determine the amount you pay for auto insurance is where you choose to live. Areas with a lot of weather claims or more people tend to have more expensive auto insurance rates, whereas more rural areas have the luxury of lower rates.
The following table ranks the most expensive cities in Florida for drivers under 25 to purchase car insurance in. Orlando comes in at #17 with an annual cost of $2,090 for the average policy, which is around $174 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Hialeah | $3,595 |
| 2 | Miami Gardens | $3,245 |
| 3 | Miami | $3,241 |
| 4 | Miami Beach | $3,043 |
| 5 | Miramar | $2,709 |
| 6 | Hollywood | $2,630 |
| 7 | Pompano Beach | $2,620 |
| 8 | Tampa | $2,610 |
| 9 | West Palm Beach | $2,599 |
| 10 | Coral Springs | $2,574 |
| 11 | Pembroke Pines | $2,481 |
| 12 | Fort Lauderdale | $2,475 |
| 13 | Davie | $2,473 |
| 14 | Brandon | $2,322 |
| 15 | St. Petersburg | $2,196 |
| 16 | Clearwater | $2,194 |
| 17 | Orlando | $2,090 |
| 18 | Spring Hill | $2,060 |
| 19 | Jacksonville | $2,020 |
| 20 | Port St. Lucie | $1,916 |
| 21 | Cape Coral | $1,841 |
| 22 | Lakeland | $1,827 |
| 23 | Palm Bay | $1,733 |
| 24 | Tallahassee | $1,731 |
| 25 | Gainesville | $1,696 |
| Find Cheaper Rates Go | ||
Rate quotes are comparative as specific Orlando garaging address can lower or raise prices noticeably.
How careless driving impacts car insurance rates
The best way to obtain the cheapest car insurance premiums in Orlando for drivers age 25 and younger is to drive safe and not receive tickets or have accidents. The example below shows how speeding tickets and accidents drive up insurance premiums for each different age category. The premiums assume a married male driver, comp and collision included, $100 deductibles, and no discounts are applied to the premium.
In the example above, the average cost of car insurance in Orlando per year with no accidents and a clean driving record is $2,039. Factor in two speeding tickets and the average cost jumps to $2,821, an increase of $783 each year. Now get two accidents along with the two speeding tickets and the 12-month cost of car insurance for drivers under 25 jumps again to an average of $5,593. That’s an increase of $3,555, or $296 per month, just for not paying attention while driving!
Full coverage or liability only
Reducing the cost of car insurance should be important to the majority of drivers, and one of the fastest ways to save on the cost of insurance for drivers under 25 is to only pay for liability coverage. The information below illustrates the difference between insurance prices with full physical damage coverage compared to only buying liability only. The premium estimates are based on no violations or claims, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.
As an overall average, physical damage insurance costs $1,747 per year more than buying just liability insurance. Many people question when is the right time to remove full coverage. There is no definitive rule of when to stop paying for full coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.
Types of discounts on Orlando insurance
Insurance companies that offer coverage for drivers under 25 may additionally offer policy discounts that could potentially reduce rates by as much as 25% or more if you meet specific eligibility requirements. Popular car insurance companies and some of the discounts are shown below.
- Progressive discounts include homeowner, good student, multi-policy, continuous coverage, multi-vehicle, and online signing.
- The Hartford may have discounts that include defensive driver, vehicle fuel type, good student, air bag, driver training, and anti-theft.
- Mercury Insurance policyholders can earn discounts including good driver, annual mileage, location of vehicle, multi-policy, and multi-car.
- GEICO offers discounts including driver training, anti-lock brakes, membership and employees, daytime running lights, multi-policy, and air bags.
- AAA has discounts for multi-policy, anti-theft, good driver, education and occupation, good student, and multi-car.
- State Farm may offer discounts for Steer Clear safe driver discount, multiple policy, defensive driving training, good driver, accident-free, and anti-theft.
The illustration below shows the difference between insurance costs with and without policy discounts. The prices are based on a male driver, a clean driving record, no claims, Florida state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with continuous coverage, good student, paperless filing, paid-in-full, vehicle safety, and anti-theft discounts applied. In this example, the average amount saved each year on car insurance for drivers under 25 is 19% or $496.