It’s safe to conclude that auto insurance companies don’t want you shop around. People who shop around for better prices are highly likely to buy a different policy because there are good odds of finding lower prices. A study discovered that people who did price comparisons regularly saved about $72 a month as compared to drivers who never shopped around for better prices.
If finding the cheapest price on car insurance in Orlando is your objective, knowing how to shop and compare coverages can make the process less intimidating.
If your goal is the lowest price, then the best way to get budget car insurance rates is to start comparing prices yearly from companies that insure vehicles in Orlando.
- First, take a few minutes and learn about car insurance and the things you can change to prevent expensive coverage. Many policy risk factors that increase rates like inattentive driving and a less-than-favorable credit score can be rectified by paying attention to minor details. Read the full article for tips to get affordable coverage and find more discounts that you may not know about.
- Second, quote rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give rate quotes from a single company like Progressive or State Farm, while agents who are independent can quote rates for many different companies. Get quotes now
- Third, compare the new quotes to the premium of your current policy and see if there is a cheaper rate in Orlando. If you find a better price and decide to switch, make sure coverage does not lapse between policies.
- Fourth, give proper notification to your current agent or company to cancel the current policy and submit a signed application and payment to the new insurer. Don’t forget to safely store the certificate verifying proof of insurance somewhere easily accessible.
A good tip to remember is to make sure you’re comparing identical limits and deductibles on every quote request and and to get rate quotes from as many auto insurance providers as possible. Doing this guarantees a level playing field and the best price selection.
If you have a policy now or need new coverage, you can follow these tips to save money without having to cut coverage. Buying the cheapest auto insurance in Orlando can be easy if you know a few tricks. Vehicle owners just need to use the most efficient way to shop from many different companies.
The method we recommend to compare rate quotes for Honda CR-Z insurance in Orlando is to know almost all companies actually pay money for the chance to give rate comparisons. The only thing you need to do is take a few minutes to give details such as any included safety features, whether you are single or married, how much you drive, and how much school you completed. That rating data is instantly submitted to multiple top-rated companies and you get price estimates within a short period of time.
If you wish to get multiple quotes for your car now, click here and complete the form.
The following companies are our best choices to provide price quotes in Orlando, FL. In order to find cheap car insurance in FL, we recommend you compare several of them to get a more complete price comparison.
Cheaper Orlando auto insurance rates with discounts
Car insurance companies don’t list all discounts in an easy-to-find place, so the next list breaks down both well-publicized as well as the least known credits available to bring down your rates.
- Accident-Free Discounts – Insureds who avoid accidents and claims have much lower rates compared to policyholders that have many claims.
- New Car Discount – Buying coverage on a new vehicle can save up to 30% compared to insuring an older model.
- Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn a discounted auto insurance rate on car insurance if you buy a life insurance policy as well.
- Good Driver Discounts – Accident-free drivers may save up to 50% more than drivers with accidents.
- Sign Online – Some auto insurance companies will provide an incentive for buying your policy digitally online.
- 55 and Retired – Seniors could receive a slight reduction on a Orlando car insurance quote.
- Discounts for Seat Belt Usage – Forcing all vehicle occupants to buckle up before driving could cut 10% or more off the PIP or medical payment premium.
- Federal Employees – Simply working for the federal government can earn a discount up to 10% depending on your auto insurance provider.
Discounts reduce rates, but you should keep in mind that most credits do not apply to your bottom line cost. Some only apply to the cost of specific coverages such as liability, collision or medical payments. So when it seems like you could get a free auto insurance policy, you won’t be that lucky.
Larger auto insurance companies and the discounts they provide are outlined below.
- State Farm offers premium reductions for good student, accident-free, safe vehicle, student away at school, and defensive driving training.
- Nationwide discounts include good student, anti-theft, multi-policy, accident-free, Farm Bureau membership, and business or organization.
- GEICO has discounts for driver training, military active duty, membership and employees, good student, and anti-lock brakes.
- AAA includes discounts for AAA membership discount, education and occupation, good driver, multi-car, anti-theft, and good student.
- 21st Century has savings for anti-lock brakes, teen driver, homeowners, theft prevention, and good student.
- The Hartford may have discounts that include anti-theft, good student, vehicle fuel type, air bag, defensive driver, driver training, and bundle.
If you need lower rates, check with all companies you are considering how many discounts you can get. Some discounts may not apply to policyholders in every state.
Informed Drivers Can Slash Their Insurance Costs
Smart consumers have a good feel for the rating factors that help calculate your policy premiums. If you know what influences your rates, this helps enable you to make changes that may result in much lower annual insurance costs.
Where you live is a factor – Living in small towns and rural areas may provide you with better prices when buying insurance. Drivers in populated areas regularly have traffic congestion and more time behind the wheel. Less people living in that area means reduced accidents in addition to fewer liability claims.
Avoid unnecessary incidental coverages – Policies have extra bells and whistles that can add up if you don’t pay attention. Insurance for roadside assistance, death and dismemberment, and motor club memberships may be wasting your money. You may think they are a good idea when you first buy your policy, but if they’re wasting money get rid of them and save.
Don’t cut corners with liability coverage – Your policy’s liability coverage kicks in if ever you are responsible for causing personal injury or damage in an accident. It provides legal defense which can cost thousands of dollars. Liability is cheap compared to physical damage coverage, so drivers should make sure they buy enough to cover all assets.
When should you not file insurance claims? – Companies in Florida give the lowest premiums to people that do not abuse their auto insurance. If you’re an insured who likes to file claims you can expect increased rates or even have your policy non-renewed. Insurance coverage is meant to be used in the event of more catastrophic claims.
Honda CR-Z claim statistics – Insurance companies use past insurance losses when setting rates for each model. Vehicles that the data shows to have higher claim amounts or frequency will have higher rates for specific coverages. The table shown below demonstrates the historical loss data for Honda CR-Z vehicles.
For each type of coverage, the statistical loss for all vehicles, regardless of make, model or trim level, is considered to be 100. Values that are under 100 mean the vehicle has better than average losses, while percentage values above 100 indicate more frequent losses or a tendency for claims to be larger.
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Honda CR-Z Hybrid||106||87||83||98|
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years