How Much are Orlando Auto Insurance Rates for Drivers with Bad Credit?

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The vehicle model on the policy is one of the biggest factors when trying to find low-cost coverage for drivers with bad credit. Vehicles with limited speed and performance, a great safety record, or a track record of few liability claims will cost much less to insure than higher performance models.

The next list estimates insurance prices for a handful of the cheaper vehicles to insure in Florida.

Cheapest Vehicles to Insure in Orlando, FL
Vehicle Make and Model Estimated Cost for Full Coverage
Dodge Grand Caravan SE $1,245
Hyundai Elantra GLS Touring Station Wagon $1,272
Honda Civic DX 4-Dr Sedan $1,286
Chevrolet Equinox LS AWD $1,312
Chevrolet Impala LT $1,321
Jeep Wrangler Sport 4WD 2-Dr $1,320
Ford Escape Limited 2WD $1,394
Honda CR-V EX 4WD $1,399
Toyota Prius $1,406
Kia Optima LX $1,416
Toyota Camry Hybrid $1,501
Toyota Camry Hybrid $1,510
Chevrolet Malibu Hybrid $1,506
Jeep Grand Cherokee Laredo 2WD $1,512
Ford Explorer Limited 2WD $1,532
Ford F-150 FX4 4WD $1,540
GMC Sierra 2500HD SLT Extended Cab 2WD $1,568
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Table data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Rate information does not factor in specific location information which can raise or lower insurance rates significantly.

Looking at the rates, you can figure that models like the Dodge Grand Caravan, Hyundai Elantra, Honda Civic, Chevrolet Equinox, and Chevrolet Impala are most likely to be some of the less-costly vehicles to insure for people with poor credit. Car insurance rates will be more expensive because of the fact that there is more risk for drivers with bad credit, but generally speaking those vehicles will tend to have the cheapest rates compared to all other vehicles.

For people with poor credit, one of the largest criteria that are used to help calculate the amount you pay for auto insurance is where you live in Orlando. Areas with more people or more claims likely pay more, whereas areas that tend to be more rural have the benefit of cheaper auto insurance prices.

The illustration below shows the highest-priced places in Florida for drivers with bad credit in which to purchase auto insurance. Orlando shows up at #18 with the annual price of $2,090 for the average insurance policy, which is about $174 per month.

How much does auto insurance cost in Orlando?
Rank City Annual Premium
1 Hialeah $3,488
2 Miami Gardens $3,181
3 Miami $3,177
4 Miami Beach $3,043
5 West Palm Beach $2,705
6 Miramar $2,683
7 Tampa $2,558
8 Hollywood $2,552
9 Fort Lauderdale $2,550
10 Pompano Beach $2,543
11 Coral Springs $2,499
12 Davie $2,448
13 Pembroke Pines $2,431
14 Brandon $2,298
15 St. Petersburg $2,196
16 Clearwater $2,172
17 Spring Hill $2,102
18 Orlando $2,090
19 Jacksonville $2,040
20 Port St. Lucie $1,994
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Table data uses estimated as vehicle location can change rates considerably.

Choosing the right auto insurance company can be difficult considering how many companies there are to choose from in Florida. The company rank data displayed below could help you pick which auto insurers to look at comparing price quotes from. These ratings are for large, nationwide insurance companies, so companies that may only write in Florida will not be included in these rankings.

Orlando, FL Auto Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
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Data Source: Insure.com Best Car Insurance Companies

Safe drivers Orlando pay cheaper rates

The best way to get cheap auto insurance rates for people with poor credit is to be a good driver and avoid getting tickets or having accidents. The information below demonstrates how traffic citations and accidents can increase insurance prices for different categories of driver ages. The rates are based on a married male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are factored in.

The data in the chart shows the average cost of auto insurance in Orlando per year with no violations or accidents is $1,486. Get two speeding tickets and the average cost swells to $2,038, an increase of $552 each year. Then include one accident along with the two speeding tickets and the yearly cost of auto insurance for drivers with bad credit jumps again to an average of $2,599. That's an increase of $1,113, or $93 per month, just for being a little careless behind the wheel!

Liability only or full coverage

Reducing premiums for auto insurance is important to the majority of drivers, and one great way to lower the cost of insurance for drivers with bad credit is to only pay for liability coverage. The diagram below visualizes the comparison of insurance costs when comparing full coverage to liability only. The rate quotes are based on no violations or claims, $1,000 deductibles, single status, and no discounts are factored in.

On average, physical damage coverage costs $2,330 per year more than just buying liability only. At some point, every insured wonders if you should buy full coverage at all. There is no definitive rule to eliminate full coverage, but there is a general school of thought. If the annual cost of coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.

For example, let's assume your vehicle's replacement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $5,000 after you pay the deductible. If premiums are more than $500 annually for your policy with full coverage, then it might be time to consider dropping full coverage.

The insurance agencies below can provide answers to your questions and help you determine which policy is best, since some people have coverage questions and would like to have a consultation when comparing insurance rates for people with poor credit. It can be complicated to find the best coverage yourself, and getting advice from a licensed Florida insurance agent can give you satisfaction knowing you have sufficient coverage at claim time.

To find an auto insurance agency in your neighborhood, click the button following the list.

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

worldwide insurance agency
4697 Rose Coral Dr #7 - Orlando, FL 32808 - (407) 616-7894

Collins Insurance Agency, Inc.
522 E Colonial Dr - Orlando, FL 32803 - (407) 423-8345

Mike Broschart - State Farm Insurance Agent
4638 S Kirkman Rd - Orlando, FL 32811 - (407) 298-2700

View map of Orlando, FL insurance agents

How to find more affordable car insurance for drivers with bad credit

The list below shows some of the better thrifty solutions that can help drivers get lower-cost coverage.

The last tip is very crucial, as was emphasized in this article. Car insurance prices can change in a short period of time, so don't be hesitant to switch companies if you can save money. Having a favorite company is great, but it's not recommended if that dedication is costing lots of hard earned cash every month. It only take a few minutes to shop around and find cheaper car insurance for drivers with bad credit in Orlando.