Cheap Florida Car Insurance Case Study
Florida is one of the states with the highest auto insurance premiums. But there is always a way to get best auto insurance in the state at affordable rate. The coverage premium varies within the state for different locations and also depends on your driving history. If you are ready to spend some time to choose the right type of insurance you can get auto insurance coverage for cheap rates and save much on the insurance premium.
Florida state auto insurance coverage has minimum requirement of $10,000 Personal Injury Protection (PIP) and $10,000 Personal Damage Liability (PDL) coverages. But you can add additional coverages to your requirements which are explained in coverages for auto insurance.
Let us have a look at how auto insurance premium varies in Florida by counties and who offers the best and cheapest auto insurance. This will give you an insight to the average cost of auto insurance premiums in your area. You can enter zip in the above form and submit to get an online quote from our partner companies. It takes only a few minutes and you can save huge by giving the necessary informations.
We have analyzed the car insurance rates over the 67 counties and have specified only the top 25 counties in detail. This case study handles the main topics as given below.
Who has got the cheapest car insurance in Florida
The rates given is for the minimum requirements that is $10,000 for both PIP and PDL for a 26 year old female. The price may vary depending on many factors. Please get a quote to know how much it would cost to you.
When it comes to auto insurance choosing the cheapest option may not be the best option. The policies offered by different agencies will have it’s own perks. It is upto you to find the best auto insurance that suits your need. Looking at the total yearly premiums covered by different insurance companies in Florida; Geico, Infinity Auto, Progressive and State Farm are the major players. USAA (United Services Automobile Association) offers the cheapest rates and has a good review. But this is available only for military members and their families. Geico, Esurance, ALLSTATE and State Farm offers a competitive pricing. The state average for car insurance premium comes around $1054.
|Insurance provider||Premium||Total premium yearly||complaints||Rating|
|ALLSTATE INSURANCE COMPANY||$778||$386,633,567||49||3/5|
|DIRECT GENERAL INSURANCE COMPANY||$1,379||$203,221,482||147||NA|
|ESURANCE PROPERTY & CASUALTY INSURANCE COMPANY||$470||$170,626,409||33||3/5|
|GEICO GENERAL INSURANCE COMPANY||$426||$2,211,145,214||255||3/5|
|INFINITY AUTO INSURANCE COMPANY||$1,017||$1,141,172,170||206||NA|
|LM GENERAL INSURANCE COMPANY||$1,593||$205,137,840||34||2|
|PROGRESSIVE AMERICAN INSURANCE COMPANY||$2,044||$1,374,303,438||153||3/5|
|SAFECO INSURANCE COMPANY OF ILLINOIS||$1,039||$268,580,627||27||3|
|SECURITY NATIONAL INSURANCE COMPANY||$801||$218,443,275||51||NA|
|STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY||$673||$2,752,259,326||349||3|
|THE STANDARD FIRE INSURANCE COMPANY||$998||$254,345,327||20||NA|
|UNITED AUTOMOBILE INSURANCE COMPANY||$1,863||$174,930,840||121||NA|
|UNITED SERVICES AUTOMOBILE ASSOCIATION||$366||$456,464,993||33||5|
Auto insurance in major counties in Florida
It is found that the auto insurance rates are high in the counties with the highest population and high number of vehicles registered. There maybe many other factors which the insurance companies consider when it comes to premium.
Car insurance in top 25 counties in Florida
The counties with highest rates for insurance are Miami-Dade, Hillsborough, Palm beach and so on as given in the table below. You can also find other relevant informations in the table. If you are living in any of these counties then you can expect insurance relative to the rates.
|County||Avg. Insurance||Population||Vehicles registration 2016||No. of Crashes|
Counties with the cheapest car insurance rates
|County||Avg. Insurance||Population||Vehicles registrations 2016||Crashes|
The insurance rate is the highest for this county which includes the cities of Miami, Homestead, Hialeah, Aventura, Florida city, FL and so on. The average insurance rate comes around $2148 which is almost twice the state average for auto insurance premium. The insurance rates by different insurance companies are listed below. With USAA providing the lowest rate of $508 and Direct General Insurance got the highest rate of $4866. GEICO, Esurance and Infinity auto insurance company also provide cheap auto insurance premiums.
Insurance rate: $2,148
Population Estimate: 2,617,176
Vehicles registered: 66,422
Vehicle crashes: 44982
Car insurance rates in Miami-Dade county
The cities in Hillsborough county are Tampa, Temple Terrace, Balm and Plant city. The insurance rate is not cheap in this county has an average of $1751. UNITED SERVICES AUTOMOBILE ASSOCIATION providing the lowest rate of $471 and United Automobile Insurance provides comparatively higher rates of $4869. GEICO, Esurance and ALLSTATE also provide cheaper rates.
Insurance rate: $1,751
Population Estimate: 1,291,578
Vehicles registered: 40,782
Vehicle crashes: 20242
Car insurance rates in Hillsborough county
West Palm Beach, FL is the most crowded city in Palm Beach county. The other main cities are Boca Raton, Boynton Beach, Delray Beach and Wellington. The average insurance rate is $1712. GEICO, Esurance, ALLSTATE, State Farm and USAA provides cheaper car insurance in Palm Beach.
Insurance rate: $1,712
Population Estimate: 1,372,171
Vehicles registered: 37,750
Vehicle crashes: 16282
Car insurance rates in Palm Beach county
The cheapest car insurance premiums are offered by USAA, GEICO, Esurance and ALLSTATE. The USAA offers the rates as low as $510.
Main Cities: Fort Lauderdale, Pembroke Pines, Hollywood, Miramar, Coral Springs, Pompano Beach, Davie, Sunrise, Plantation
Insurance rate: $1,672
Population Estimate: 1,838,844
Vehicles registered: 44,212
Vehicle crashes: 29328
Car insurance rates in Broward county
The lowest insurance rate in Pinellas county is $472 provided by USAA and other providers with cheap options are GIECO, Esurance and State Farm. Pinellas
Main cities: St. Petersburg, Clearwater, Largo, Pinellas Park, Dunedin
Insurance rate: $1,545
Population Estimate: 929,048
Vehicles registered: 49,754
Vehicle crashes: 13026
Car insurance rates in Pinellas county
Cheapest insurance rates are offered by USAA, GEICO, Esurance and State Farm. While the All State, Progressive, Safeco and Liberty Mutual offers premiums at average rates.
Main cities: Orlando, Alafaya, Apopka, Ocoee, Winter Garden, University Park, Winter Park
Insurance rate: $1,338
Population Estimate: 1,225,267
Vehicles registered: 26,789
Vehicle crashes: 21984
Car insurance rates in Orange county
USAA provides car insurance at a competitive rate of $385 in Lee county. The other insurance companies also offers a good rate. The number of crashes last year for this county is also very low.
Main cities: Cape Coral, Fort Myers, Bonita Springs
Insurance rate: $1,211
Population Estimate: 661,115
Vehicles registered: 47,189
Vehicle crashes: 9010
Car insurance rates in Lee county
Main city: Jacksonville, FL
Insurance rate: $1,203
Population Estimate: 885,855
Vehicles registered: 26,764
Vehicle crashes: 17430
Car insurance rates in Duval county
Cheap car insurance providers in this county are USAA, GEICO, Esurance and State Farm respectively. USAA offers premium as low as $398.
Main cities: Lakeland, Winter Haven, Haines City, Bartow, Lake Wales, Auburndale
Insurance rate: $1,155
Population Estimate: 623,009
Vehicles registered: 28,562
Vehicle crashes: 7993
Car insurance rates in Polk county
Main cities: Palm Bay, Melbourne, Titusville, Rockledge, West Melbourne, Cocoa
Insurance rate: $1,086
Population Estimate: 550,823
Vehicles registered: 33,999
Vehicle crashes: 6502
Car insurance rates in Brevard county
How To Save On Car Insurance
Considering that car insurance can be very costly, most consumers wish they never have to use it, especially in states like Florida where it is mandatory to have one form of auto insurance coverage or the other. Apart from the fact that you can save money when you buy the appropriate coverage, it would always cost you more to get your brand new car insured than renewing coverage on a few years old car. If you are tight on cash and looking for ways to save on your auto or car insurance, there are certain strategies and tips that would help you achieve this. They are as follows:
Be sure of your insurance coverage needs
The first step towards determining this is having a good understanding of the various types of coverage available to drivers. For example, you can settle for comprehensive coverage if you are able to determine that in the case of an accident, you do not have enough savings to repair or replace your car and that of the other person involved in the accident. More so, if your car is older, the market value should be considered before opting for comprehensive coverage as you might not be able to collect benefits that would justify your insurance expenses.
Ensure your deductibles are boosted
It is not unusual when people tend to stick with a specific amount of deductibles on their auto insurance coverage. However, when you boost your deductibles, you are invariably lowering the amount of out-of-pocket expenses you incur annually, especially if you are involved occasionally in one or more fender benders.
Agreed that if no such minor incidents occur, you might be paying more annually, it can also save you money in such occurrence, especially if you have always maintained a history of safe driving. Never feel pressured; it’s only a matter of preference and convenience.
This is another sure way of saving on auto or car insurance premiums. Apart from the fact that engaging in carpooling goes a long way to benefit our immediate environment, it also benefits your wallet. For example, if you come together with two or more persons in carpooling, with each person using the car in well-coordinated shifts, it will go a long way to reduce the mileage.
Considering that most insurance firms track insured vehicles’ mileage, the less you drive, the more affordable your car insurance would be. A variety of researches have confirmed that with carpooling, you can reduce your mileage by over 75%. Mileage of 7,500 miles and below is considered the lowest and tagged as the “pleasure rate” while mileage of 13,000 miles is medium and anything higher, accrues higher insurance premiums. Depending on how often you and the other drivers use the car, you can save up to 25% or more on annual premiums.
Always review your rates annually
If you have been with a given insurance firm for a long time, it won’t be out of place for you to carry out checks to determine if you can get cheaper rates from other insurers, this is especially if you have maintained a clean driving record for a given number of years. All thanks to the internet, you don’t need to drive around town before you can make comparisons and review the rates you’ve been paying. There are sites that are dedicated towards helping car owners compare rates online.
Always insure with a reputable firm
When it comes to saving money on car insurance, it is not just about finding cheaper premiums, it is more about finding reputable firms that won’t cut corners in order to make up for the cheaper rates you were offered. For example, an insurer that offers you annual premium of $1,400 in a state where the average is far higher than that might try to recoup losses by low-balling repair or replacement estimates in the case of an accident, collaborating with a repair shop to use inferior parts, or even increasing your premiums without any prior notice. A reputable firm would always make sure their clients’ claims are satisfactorily handled.
Your car type impacts on your premiums
Yes, the type of car you use go a long way to determine the rate you pay for your insurance premiums. A potential insurer would take into consideration how much it would cost to put your car back on the road should any form of damage occur, either through accident or natural occurrences like storms and flooding. If yours is a very expensive car, then the premiums would surely be higher. This is why there are variations in premiums of auto models. You can always ask for premium quotes on potential car models. This would help you to make an informed decision.
Don’t overlook discounts
In order to boost your savings on auto insurance, do well to take advantage of modest discounts on offer by insurers. Most of these offers are usually based on certain low-risk lifestyles of drivers. For example, you might come across discounts for younger drivers who continually make good grades at school. If you’re a student or you have a young adult you are about to add to your policy, it would be great to take advantage of the discount. Other discounts you should watch out for include but not limited to the following:
- Drivers with driver education certificates
- Older drivers with top-notch driving habits
- Professionals in certain fields
- Cars fitted with anti-theft technologies
- Purchase of two or more policies
If you are not sure, you can always ask your insurer if they offer discounts on the above listed and more. In order to make sure that the discounts are worth using a single-insurer, endeavor to compare prices with other insurance companies.
Always maintain excellent credit score
This is beneficial in situations where one of the factors that determine your premium rate is your credit score. With this being the case, you should always ensure that you maintain excellent credit score. You should also carry out periodic checks to make sure there are no errors that would negatively impact on your credit score. There are exceptional cases where you can negotiate for a fair premium, especially if you just went through a divorce, suffered a job loss, or incurred high medical bills which in turn, drastically upturned your finances.
Crash data for 2017 from January 1st to September 30th is presented as is from the FIRES database. (Florida’s Integrated Report Exchange System)