Best Cheap Insurance for Drivers with Good Credit in Florida

The vehicle needing coverage is one of the primary factors that determines whether or not you find the best cheap insurance for drivers with good credit in Florida. Vehicles with limited speed and performance, a great safety record, or low incidents of liability claims will cost less to insure than high performance models. The data below estimates car insurance premiums for the most cost-effective automobiles to insure in Florida.

Table data represents married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Prices do not factor in specific garaging location which can change premium rates greatly.

Based upon the rates shown, we can conclude that vehicles like the Kia Forte, Chevrolet Traverse, Honda CR-V, Honda Accord, and Ford Escape will be a few of the less-costly vehicles to insure for financially responsible drivers.

Trying to buy affordable auto insurance is not easy, and finding out which company offers the cheapest auto insurance rates for drivers with good credit will require additional perseverance. Policy prices will be slightly cheaper than the average rate in Florida, with the lower cost attributed to the potentially lower risk that comes with selling insurance for financially responsible drivers. Cheap insurance should be attainable without looking to hard.
Every insurance company has their own process for determining rates, so to begin we’ll rank the most competitive auto insurance companies in Florida.

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USAA quotes some of the most affordable car insurance rates in Florida at around $977 annually. Electric, Amica, Progressive, and Travelers also rank well as some of the lowest-priced Florida insurance companies.

As the example above demonstrates, if you currently buy coverage from Amica and switched to USAA, you might realize a yearly savings of approxmiately $787. Insureds with Progressive may save as much as $870 a year, and Travelers insureds might cut rates by $949 a year.

To get a quick, customized rate comparison, click here to start a quote or visit any of the companies below.

Be aware that those premiums are averages for all types of insureds and vehicles and and are not calculated with a price discount for drivers with good credit. So the car insurance company that can offer you the lowest price may not even be featured in the above list. That affirms the importance of why you need to get auto insurance quotes using your own specific driver information and vehicle.

Finding a highly-rated auto insurance provider is hard considering how many companies are available to choose from in Florida. The company ratings below may help you pick which providers you want to consider when looking for cheaper rates. These rankings are only made up of major nationwide insurance companies, so smaller companies that only insure vehicles in Florida are not taken into consideration for the list.

Top 10 Large Auto Insurance Providers Overall in Florida

1. Travelers
2. USAA
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Allstate
7. State Farm
8. The Hartford
9. Safeco Insurance
10. Progressive

Top 10 Large Auto Insurance Providers in Florida Ranked by Customer Satisfaction

1. USAA – 91%
2. Esurance – 90%
3. AAA Insurance – 90%
4. Mercury Insurance – 89%
5. Nationwide – 89%
6. Progressive – 88%
7. Safeco Insurance – 88%
8. State Farm – 88%
9. Allstate – 88%
10. Travelers – 88%

The information below demonstrates how deductibles can influence insurance premiums when getting quotes for cheap insurance for drivers with good credit. The data assumes a married male driver, full coverage, and no other discounts are factored in.

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In the chart above, a 50-year-old driver could lower their car insurance rates by $406 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $610 by using a $1,000 deductible. Even younger drivers, like the Age 20 category, could shave $1,354 or more by choosing a higher deductible.

If you do make the decision to raise your deductibles, it is necessary to have enough savings set aside to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

How to find budget-friendly insurance for drivers with good credit

It is possible to find better rates, and here are some money-saving suggestions that can help Florida drivers get low-cost auto insurance.

• Try to pay small claims out-of-pocket
• Buy a safer vehicle
• Ensure your driving record is clean
• Maintaining good credit helps earn cheaper rates
• Maintain a safe distance and avoid accidents
• Compare rate quotes frequently

That final tip is especially crucial, as was noted in this article. Rates in Florida can change considerably based on profitability, so don’t be hesitant to buy a policy from a new company if a cheaper rate is available. Brand loyalty is great, but it’s not a great idea if that dedication is costing big bucks every year. It takes less than five minutes to compare rates to find cheaper insurance for drivers with good credit.

Best cheap insurance quotes for financially responsible drivers

There are a variety of different ways to get affordable auto insurance quotes in Florida, but the three most common are through an independent insurance agent, an exlusive agent such as State Farm or Allstate, or direct online or over the phone from a company like Geico or Progressive.

They all follow the same basic process, but it’s important to point out the distinctions in how they function.

Independent agencies work for many companies and can provide price quotes from all of them. Independent agents do not sell for just one brand and can give you a larger rate selection, which may provide you with the best chance of finding a lower price. If cheaper coverage is found, it’s easy for the agent to move the policy and you don’t have to find a new agent.

An exlusive, or captive, agency is only able to give rates for a single insurance company like a State Farm or Liberty Mutual agent. Exclusive agents normally do not have the ability to shop your coverage around, so unless you get quotes from other companies, you cannot determine which is cheapest.

The third way to buy auto insurance is direct which means you bypass an independent or exclusive agent and instead buy direct online or over the phone from a company like Geico or Progressive. This auto insurance option may be the best choice families who do not have complex finances and have knowledge of what auto insurance covers.

So comparing independent agents, exclusive agents, and direct, which one works best to buy the best cheap insurance for drivers with good credit in Florida? We would first guess that buying from a direct company results in the best prices because there is no agent taking a commission, but that is not always the case. We could also assume that buying auto insurance from an independent agent guarantees the cheapest rates due to increased selection, but that assumption is also not accurate. For the right applicant, exclusive agencies have very competitive rates that are well below what direct and independents offer.

Since auto insurance rates vary so much, the one way to ensure you are not overpaying is to compare lots of quotes. If you have the time, get prices from all three types to give yourself plenty of rates to compare. We compiled a list of companies with some of the cheapest online rates that you can click here to view.