Sad but true, a large majority of consumers kept buying from the same company for a minimum of four years, and almost 40% of drivers have never even compared rates from other companies. With the average insurance premium being $2,200, Orlando drivers could save an average of about 55% each year, but they just don’t understand how much money they would save if they just switched companies.
If your goal is the lowest price, then the best way to save money on Kia Spectra insurance in Orlando is to compare prices regularly from providers in Florida.
First, spend some time learning about the different coverages in a policy and the changes you can make to keep rates low. Many factors that cause high rates such as distracted driving and a not-so-good credit history can be improved by making minor driving habit or lifestyle changes. Continue reading for the details to help find cheaper rates and find discounts that you may qualify for.
Second, compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can give quotes from a single company like Progressive or Allstate, while agents who are independent can quote prices from multiple companies.
Third, compare the price quotes to your existing coverage to see if switching to a new carrier will save money. If you find better rates and buy the policy, make sure coverage does not lapse between policies.
Fourth, provide notification to your current agent or company to cancel your current coverage. Submit the signed application along with the required initial payment for the new policy. Don’t forget to put the proof of insurance paperwork with your registration paperwork.
One thing to remember is that you use the same coverage limits and deductibles on every quote and and to compare as many companies as you can. This helps ensure a fair price comparison and the best price quote selection.
Smart Buyers Know How to Quote Car Insurance for Less
Many different elements are part of the equation when you get your auto insurance bill. Most are fairly basic like an MVR report, but some are not quite as obvious like your continuous coverage or how financially stable you are. An important part of buying insurance is that you know some of the factors that come into play when calculating car insurance rates. If you have some idea of what impacts premium levels, this allows you to make good choices that could result in better car insurance rates.
Listed below are just a few of the factors used by your company to calculate your rates.
Can a thief steal your car? – Driving a car with anti-theft technology or alarm system can get you a discount on your car insurance. Anti-theft features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder your vehicle from being stolen.
Is your car, truck or SUV built for speed? – The make and model of the car or truck you are trying to find cheaper insurance for makes a significant difference in the rate you pay. The lowest performance passenger vehicles normally have pretty low rates, but that’s not the only thing that factors into the final price.
Accidents can increase costs – Having just one speeding ticket or other violation could increase your next policy renewal by as much as thirty percent. Drivers who don’t get tickets get better prices as compared to careless drivers. Drivers who have received multiple citations like reckless driving or DUI might be required by their state to submit a SR-22 form with their state in order to prevent a license revocation.
Gender impacts rates – The statistics show women are more cautious behind the wheel. Now that doesn’t mean men are worse drivers. Both genders get in accidents at about the same rate, but the males have accidents that have higher claims. Men also statistically receive more major tickets like reckless driving and DUI.
Employer and insurance rates – Occupational choices like doctors, social workers, and accountants tend to have higher rates than the rest of us due to intense work-related stress and long work days. On the other hand, jobs like scientists, historians and retirees get better rates.
When should you not file car insurance claims? – If you tend to file frequent claims, you can expect either higher rates or even cancellation. Companies in Florida award most affordable rates to policyholders who only file infrequent claims. Insurance coverage is intended for major claims that would cause financial hardship.
Credit rating impacts premium costs – A driver’s credit history factor in calculating your premium rate. So if your credit rating can be improved, you may save money insuring your Kia Spectra by taking the time to improve your credit score. People with high credit scores tend to be less risk to insure than drivers with lower credit ratings.
Insurance policy discounts you can’t miss
Companies offering auto insurance don’t necessarily list the complete list of policy discounts very well, so the list below details both well-publicized and also the lesser-known credits that may apply to you.
- Auto/Home Discount – If you insure your home and vehicles and place coverage with the same company you could save at least 10 to 15 percent or more.
- Theft Deterrent Discount – Vehicles that have factory alarm systems and tracking devices help deter theft and that can save you a little bit as well.
- Accident-Free Discounts – Insureds with no claims or accidents pay much less in comparison with drivers with a long claim history.
- Low Mileage – Fewer annual miles on your Kia could be rewarded with better insurance rates on cars that stay parked.
- Passive Restraints and Air Bags – Options like air bags can get savings of 20 to 30 percent.
A little disclaimer on discounts, most credits do not apply to all coverage premiums. Most cut specific coverage prices like collision or personal injury protection. So even though you would think all those discounts means the company will pay you, companies don’t profit that way.
For a list of insurance companies who offer insurance discounts in Florida, follow this link.
Orlando car insurance company ratings
Buying coverage from a highly-rated insurance provider can be rather challenging considering how many companies sell insurance in Florida. The company information shown next may help you choose which coverage providers to look at buying from.
Top 10 Orlando Car Insurance Companies Ranked by Value
- Mercury Insurance
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- The General
- 21st Century
Top 10 Orlando Car Insurance Companies Overall
- Mercury Insurance
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
One last note
You just learned some good ideas how you can compare Kia Spectra insurance prices in Orlando. The key concept to understand is the more providers you compare, the better likelihood of getting inexpensive Orlando car insurance quotes. Consumers could even find that the lowest prices come from the smaller companies. They may often insure only within specific states and give better rates than the large multi-state companies such as Allstate or State Farm.
Cheap Kia Spectra insurance in Orlando can be purchased from both online companies as well as from independent agents in Orlando, so you need to shop Orlando car insurance with both to have the best selection. There are still a few companies who may not have online rate quotes and these small, regional companies only sell through local independent agencies.
- Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)
- Who Has Cheap Auto Insurance for Good Drivers in Orlando? (FAQ)
- Who Has Affordable Orlando Auto Insurance Rates for Drivers Over Age 70? (FAQ)
- Who Has Cheap Orlando Auto Insurance for Business Use? (FAQ)
- What Auto Insurance is Cheapest for Ride Shares in Orlando? (FAQ)
- Older Drivers FAQ (iihs.org)
- When is the Right Time to Switch Car Insurance Companies? (Allstate)
- If I File a Claim will My Insurance Go Up? (Insurance Information Institute)
- Insurance losses by make and model (Insurance Institute for Highway Safety)