How Much are Orlando Auto Insurance Rates for Homeowners?

You have most likely watched the ads from companies like Liberty Mutual and Allstate that promise the cheapest rates, so you should just choose the one with the flashiest ad, right?

That is not the case, however, as there are a lot of unknown aspects such as how experienced of a driver you are, whether or not you have had gaps between policies, and if you own your own home, that all have an effect on the price of a policy. The information below will cover the best ways to find cheap car insurance and also should give you a jump start in finding the best auto insurance in Florida.

The type of vehicle needing coverage is one of the largest considerations when comparing low-priced insurance for homeowners. Vehicles with limited top-end speed, an excellent safety record, or a low likelihood of liability claims will cost much less to insure than adrenaline junky models.

The table below features auto insurance prices for a number of the most cost-effective vehicles to buy coverage for.

Cheapest Vehicles to Insure in Orlando, FL
Make and Model Estimated Cost for Full Coverage
Jeep Wrangler Sport 4WD 2-Dr $1,198
Ford Escape Limited 4WD $1,257
Toyota Prius $1,281
Honda CR-V EX-L 4WD $1,349
GMC Sierra SLE Regular Cab 2WD $1,369
Nissan Altima 2.5 4-Dr Sedan $1,378
Chevrolet Malibu LT $1,393
Toyota Tacoma Double Cab 4WD $1,401
Hyundai Elantra Blue 4-Dr Sedan $1,413
Chevrolet Impala LTZ $1,440
Toyota Camry XLE $1,447
Hyundai Sonata GLS 4-Dr Sedan $1,466
Ford F-150 XL Regular Cab 4WD $1,483
Ford Explorer XLT 4WD $1,493
GMC Sierra 3500HD SLT Extended Cab 2WD $1,491
Ford Focus SES 2-Dr Coupe $1,537
Ford Edge SEL 2WD $1,547
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Data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Estimates do not factor in specific location information which can impact premium rates noticeably.

Looking at the rates, you can see that makes and models like the Jeep Wrangler, Ford Escape, and Toyota Prius are likely to be some of the most economical vehicles to insure for people who own their homes.

One of the more important components that are used to help calculate the amount you pay each year for auto insurance is where you keep your car in Orlando. Cities with more crime and/or more people tend to have more expensive car insurance rates, whereas areas that tend to be more rural benefit from lower rates.

The table below sorts the most expensive places in Florida for homeowners to purchase a policy in. Orlando is ranked #19 with a yearly cost of $2,008 for car insurance, which is approximately $167 monthly.

How much does auto insurance cost in Orlando?
Rank City Annual Premium
1 Hialeah $3,523
2 Miami Gardens $3,277
3 Miami $3,145
4 Miami Beach $2,923
5 West Palm Beach $2,625
6 Tampa $2,610
7 Miramar $2,603
8 Pompano Beach $2,595
9 Coral Springs $2,574
10 Davie $2,548
11 Hollywood $2,526
12 Pembroke Pines $2,481
13 Fort Lauderdale $2,475
14 Brandon $2,298
15 Clearwater $2,238
16 St. Petersburg $2,196
17 Spring Hill $2,102
18 Jacksonville $2,040
19 Orlando $2,008
20 Port St. Lucie $1,975
21 Cape Coral $1,898
22 Lakeland $1,883
23 Tallahassee $1,784
24 Palm Bay $1,750
25 Gainesville $1,696
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Information shown are estimated as the garaging address in Orlando can change premiums significantly.

Buying affordable auto insurance is not the easiest thing to accomplish, and deciding which company has the cheapest insurance rates for homeowners takes even more work. Every car insurance company has a proprietary formula to set their prices, so first we will examine the most budget-friendly insurance companies in Orlando, FL.

It’s important that readers know that Florida insurance rates are impacted by many things that can increase the policy price. That is why it is important to shop around with many companies when trying to get the most budget-friendly insurance quotes for homeowners. Rates can be altered by many different factors and can decrease or increase without notice, so the best price the last time you shopped around may now be quite expensive.

Cheapest Insurance Rates for Homeowners

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USAA quotes some of the lowest car insurance rates in Orlando at around $977 per year. Electric, Amica, Progressive, and Travelers would also be considered some of the cheapest Orlando, FL car insurance companies.

In this example, if you currently buy coverage from Progressive and switched to Electric, you could see an annual savings of in the vicinity of $135. Customers with Travelers may save as much as $232 a year, and Mercury insureds might lower prices by up to $239 a year.

These premium estimates are averaged across all ages of drivers and types of vehicles and and are not figured with a specific vehicle garaging location for homeowners. So the insurer that can offer the best rates for your situation may not even be in the top 21 companies shown above. That helps illustrate why you need to get auto insurance quotes using your own individual information.

Discounts on Orlando car insurance

Cheaper Orlando, FL insurance for people who own their homesCar insurance companies that offer cheap quotes for homeowners may also provide price discounts that could lower prices by as much as 35% or more if you qualify. A list of insurance companies and the discounts they provide can be found below.

The example below illustrates the comparison of car insurance costs with and without policy discounts. The prices are based on a female driver, no tickets, no at-fault accidents, Florida state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with anti-theft, defensive driving course, vehicle safety, multiple vehicle, homeowner, and multiple policy discounts applied. When these discounts are applied, the average savings per year on insurance for homeowners is 28% or $698.

The example below demonstrates how choosing different deductibles can raise or lower yearly insurance costs when getting quotes for cheap insurance for homeowners. The rate quotes are based on a married female driver, full coverage, and no other discounts are factored in.

As shown above, a 40-year-old driver could cut expenses by $384 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $578 by using a $1,000 deductible. Even younger drivers, such as the Age 20 example, could roll back prices up to $952 every year by choosing larger deductibles on their policy. If you make the decision to raise deductibles, it will be required to have plenty of savings on hand to enable you to cover the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.

How to find budget-friendly car insurance for homeowners

The list below shows a few penny-pinching ideas that can help drivers locate cheap car insurance.

That last tip is extraordinarily important, as we hit on in this piece. Prices charged by car insurance companies in Orlando can be adjusted at any time, so drivers shouldn’t be resistant to buy from a new company if a lower price can be found. Having a favorite company is great, but it’s not a great idea if that stubbornness costs you hundreds of dollars a year. Take a few minutes and compare rates and find cheaper auto insurance for homeowners.