Who Has Cheap Auto Insurance for Safe Drivers in Florida?

Wouldn’t it be perfect if we could tell you the one company that has the lowest rates for safe drivers? It’s not quite that easy, unfortunately, as there are a whole bunch of unknowns like your choice of liability limits, whether you commute to work, if you have ever let your policy lapse, and the number of years of driving experience you have, that all have an effect on the price of a policy. The information below covers some of these criteria and will give you a good beginning to your search for cheaper coverage.

For Florida drivers, one of the things that control auto insurance rates is where you keep your vehicle in Florida. Areas with more people or more claims like Hialeah, Miami Gardens, and Miramar tend to pay more, whereas areas with less crime or weather claims get the luxury of paying less.

The illustration below ranks the most expensive areas in Florida for safe drivers to purchase car insurance in.

Price information shown is approximated as the specific Florida residence address can alter coverage rates significantly.

The vehicle to be insured is a significant factor when shopping for cheap car insurance for safe drivers in Florida. Vehicles with lower performance, advanced safety features, or a low likelihood of having liability claims will cost substantially less to insure than high performance models. The information below ranks insurance rates for a selection of the most affordable automobiles to buy coverage for.

Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Premium costs do not factor in specific Florida garaging location which can raise or lower rates substantially.

Looking at the numbers, we can presume that makes and models like the Honda CR-V, Toyota Prius, Hyundai Tucson, Ford Escape, and Volkswagen Jetta are likely to be the more affordable vehicles to insure for good drivers.

Figuring out which companies quote the best insurance rates for safe drivers calls for more time in order to find coverage that fits your buget.

Every car insurance company has a unique formula for establishing rates, so we will examine the insurance companies that tend to be cheaper in Florida. It’s important that readers know that Florida insurance rates are based on many factors that can increase the policy premium. Improving your credit score, buying a home, or getting a few speeding tickets can trigger rate changes that can now make some companies cheaper than before.

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USAA has some of the cheapest car insurance rates in Florida at around $977 annually. Electric, Amica, Progressive, and Travelers would also be considered some of the more affordable Florida car insurance companies.

As illustrated above, if you are currently insured with Amica and switched to USAA, you may see yearly savings of upwards of $735. Florida drivers with Progressive could save as much as $870 a year, and Travelers insureds might reduce prices by as much as $892 a year.

It’s important to note that these premiums are averaged for all drivers and vehicles in Florida and do not take into consideration a price discount for safe drivers. So the company that is most affordable for your situation may not even be included in the chart above. That point stresses why you need to compare as many prices as possible using your own specific driver and vehicle information.

Florida insurance companies ranked

Insuring your vehicle with a high-quality insurer can be a challenge considering how many companies sell insurance in Florida. The rank data below could help you analyze which auto insurance companies to look at comparing rates from. These rankings are only comprised of the companies with a significant amount of written premium nationwide, so smaller companies are not taken into consideration for this list.

Price comparison of only insuring for liability

Finding cheap car insurance for safe drivers in Florida is important to the majority of people, and a great way to find cheaper insurance is to buy only liability coverage. The diagram below illustrates the difference between premium costs with full physical damage coverage compared to only buying liability only. The rates are based on no claims, a clean driving record, $500 deductibles, drivers are single, and no discounts are applied.

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If averaged out across all ages, full coverage costs an additional $2,660 per year more than just buying liability insurance. That raises the question if paying for full coverage is a waste of money. There isn’t a steadfast formula to stop buying full coverage on your policy, but there is a general guideline. If the annual cost of coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.

Cheapest car insurance: Geico, State Farm, Allstate, or Progressive

If you’re looking for the best auto insurance for good drivers, some of the first companies to look at are Geico, State Farm, Allstate, and Progressive. The data below shows price, claims, and customer service ratings, as well as some optional coverages you can buy with each company.