Who Has the Cheapest Car Insurance Quotes for High Risk Drivers in Florida?

Finding good, cost effective insurance is challenging, and deciding which companies quote the most affordable car insurance rates for high risk drivers involves even more work. Policy rates could be much greater than the average rate in Florida, with the increase attributed to the posibility of more claims associated with selling coverage for high risk drivers, but economical coverage should be achievable if you compare enough rates.

Every auto insurer uses a different method for determining prices, so we’ll go over the car insurance companies with the overall best prices in Florida. It’s a good idea to know that Florida car insurance rates are calculated based on many things which can significantly increase or decrease your annual premium. This is why drivers need to compare as many rates as possible when trying to find the most budget-friendly auto insurance rates for high risk drivers. Car insurance prices can be determined by many factors and can decrease or increase without notice, so the cheapest rate the last time you checked may now be wasting a lot of money.

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USAA may have some of the best car insurance rates in Florida at around $957 per year. Electric, Amica, Progressive, and Travelers would also be considered some of the best Florida auto insurance companies.

As shown in the table above, if you are a policyholder with Progressive and switched to Electric, you might see an annual premium reduction of about $153. Florida drivers with Travelers might save as much as $232 a year, and Allied policyholders might lower prices by up to $291 a year.

To get a quick, customized rate comparison, click here to start your free quote or visit several of the following companies.

It’s important to note that these premium estimates are averages for all drivers and vehicles and do not take into consideration a rate increase for high risk drivers. So the car insurance company that is best suited for you may not even be featured in the chart above. That is why you need to quote rates from as many companies as possible using your own specific driver information and vehicle.

The make and model of vehicle driven is a large factor when trying to find the most economical car insurance for high risk drivers. Vehicles with more horsepower, a lack of safety features, or a history of substantial liability claims will cost significantly more to insure than more modest models. The tables below illustrates insurance prices for a handful of the more afforable vehicles to insure.

Data rating is based on single female driver age 30, two speeding tickets, two at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, multi-vehicle, and homeowner. Table data does not factor in your specific Florida location which can decrease or increase auto insurance rates greatly.

Above prices assume single female driver age 30, two speeding tickets, two at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-policy, and multi-vehicle. Rate information does not factor in the specific area where the vehicle is garaged which can affect prices noticeably.

Data based on single female driver age 30, two speeding tickets, two at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-policy, and multi-vehicle. Rate information does not factor in specific location which can change premium rates greatly.

For Florida drivers, one of the components that is used by car insurance companies to calculate the policy price is where your residence is in Florida. Areas with more people or more claims like Hialeah, Miami Gardens, and Miramar tend to have higher rates, whereas more rural areas benefit from lower prices.

The information below ranks the more expensive cities in Florida for high risk drivers to buy an auto insurance policy in.

Annual rates are estimated as specific location information can influence auto insurance rates significantly.

Discounts on the cheapest auto insurance for high risk drivers in Florida

Auto insurance companies that provide coverage for high risk drivers could also offer special discounts that could reduce prices by 25% or more if you meet specific eligibility requirements. A few of the larger companies and their possible discounts can be found below.

The information below illustrates the comparison of auto insurance costs with and without discounts applied to the policy premium. The rate quotes are based on a female driver, two citations and one at-fault accident, Florida state minimum liability limits, full coverage, and $500 deductibles.

The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with continuous coverage, marriage, multiple vehicle, paperless filing, vehicle safety, and multiple policy discounts applied. In this example, the average amount saved each year on car insurance for high risk drivers is % or $.

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Which car insurance company is best in Florida?

Picking the best insurance provider is hard considering how many companies there are to choose from in Florida. The company information shown next may help you select which coverage providers to look at when comparing auto insurance rates for high risk drivers. The ratings below are for companies with a nationwide focus, so companies without a large exposure are not factored into this list.

Top 10 Large Car Insurance Companies in Florida Ranked by Value

1. Mercury Insurance
2. Travelers
3. American Family
4. AAA Insurance
5. Safeco Insurance
6. Progressive
7. The Hartford
8. The General
9. 21st Century
10. Esurance

Top 10 Large Car Insurance Companies in Florida Ranked by Claims Service

1. Travelers
2. Nationwide
3. Allstate
4. State Farm
5. Liberty Mutual
6. GEICO
7. American Family
8. Esurance
9. Titan Insurance
10. AAA Insurance

Geico, Progressive, State Farm, or Allstate: Which is best?

When it comes to auto insurance for high risk drivers in Florida, the first places to look would be Geico, Progressive, State Farm, and Allstate. If you put them all together, they insure over 45% of the entire U.S. auto insurance market. The next table compares and contrasts some of the different features that are available for policyholders.

Cheapest insurance quotes for high risk drivers

Drivers have many ways to find cheaper car insurance in Florida, but the most frequently used are from an independent insurance agent, an exclusive agency such as Auto-Owners or State Farm, or buying direct from a company like Progressive or Geico. Each way is similar, but they are slightly different in how they provide rate quotes.

Independent insurance agencies can place your business with multiple companies and can compare coverage rates with all of them. These agents are not required to write business for one company and can provide you with more rates, which may give you better odds of saving money. If your premiums go up, the business is moved internally and you don’t have to switch agencies.

An exclusive agent is restricted to quoting rates for one company, two examples being an Allstate or State Farm agent. They generally cannot place coverage with different providers, so it’s a take it or leave it situation.

Buying car insurance direct means you do not use an exlusive or independent agent and instead buy from a direct company like Esurance or Progressive. This car insurance option may be good for consumers who have limited assets and have knowledge of what specific coverages they need.

So which method is best to buy the cheapest auto insurance for high risk drivers in Florida? We would first guess that buying from a direct company results in the best prices because there isn’t an agent involved, but that does not always hold true. A valid argument could also be made that using an independent agent guarantees the cheapest rates since they can provide multiple quotes, but again, it’s not a sure thing. In many cases, exclusive agents have coverage prices that cannot be beaten by either independent or direct companies.

Since car insurance prices vary so much, the best method to get the cheapest rates is to get quotes and compare. To cover all the bases, get price quotes from all three to get an idea of which is cheapest. For a list of companies offering online discounts, click here to view.