How Much Does Car Insurance Cost for Unemployed Drivers in Florida?

How Much Does Car Insurance Cost for Unemployed Drivers in Florida?

You have seen the commercials from companies like Farmers and GEICO that claim enormous savings, so you just need to choose any of them, right?

Unfortunately, it’s just not that easy, as there are a ton of unknown aspects such as if your driving record is clean, your marital status, what liability limits you need, and if full coverage is needed, that all impact the price you pay. This article goes into detail about the types of things that cause high car insurance rates and will hopefully give the reader a good beginning to your quest for cheaper car insurance.

Trying to buy low-priced car insurance is hard enough, and determining which company has the cheapest car insurance rates for unemployed drivers involves even more shopping around.

Every auto insurer has their own formula for determining rates in each state, so we’ll take a look at the car insurance companies that tend to be cheaper in Florida.

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What’s the cheapest car insurance in Florida?
Rank Company Cost Per Year
1 USAA $977
2 Electric $1,764
3 Amica $1,764
4 Progressive $1,775
5 Travelers $1,869
6 Mercury $1,933
7 Allied $2,004
8 Esurance $2,040
9 State Farm $2,047
10 Auto-Owners $2,149
11 GEICO $2,172
12 Allstate $2,317
13 21st Century $2,373
14 Windhaven Insurance $2,627
15 MetLife $2,870
16 Safeco $2,987
17 Hanover $3,024
18 Liberty Mutual $3,101
19 United Automobile $3,527
20 Direct General $4,062
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USAA quotes some of the most affordable car insurance rates in Florida at around $977 each year. Electric, Amica, Progressive, and Travelers are also some of the lowest-priced Florida car insurance companies.

As shown above, if you currently have a policy with Electric and switched to USAA, you could realize annual savings of in the vicinity of $787. Florida drivers with Amica could save as much as $787 a year, and Progressive insureds might cut rates by $798 a year.

Remember that these rates are averaged for all insureds and vehicles and are not factoring in a price discount for unemployed drivers. So the car insurance company that is best for you may not even be in the above rate chart. That points out the importance of why you need to compare as many prices as possible using your own driver data and vehicle information.

The type of vehicle that needs insurance is probably the largest consideration that determines whether or not you find cheaper auto insurance for unemployed drivers. Vehicles with high performance engines, poor passenger safety features, or a history of substantial liability claims will cost quite a bit more to insure than safer, lower-performance models. The information below features coverage costs for some of the cheapest vehicles to buy coverage for.

Cheapest Auto Insurance Rates for Unemployed Drivers in Florida
Vehicle Make and Model Estimated Cost for Full Coverage
Honda CR-V EX-L 2WD $1,255
Ford Escape Limited 2WD $1,375
Kia Forte LX 4-Dr Sedan $1,378
Hyundai Tucson GLS 4WD $1,383
Honda Accord LX 4-Dr Sedan $1,385
Chevrolet Traverse LS AWD $1,405
Chevrolet Impala LS $1,428
Hyundai Santa Fe SE 2WD $1,455
Chevrolet Malibu LS $1,461
Toyota Prius $1,493
Dodge Grand Caravan SE $1,503
Jeep Wrangler Sahara 4WD 2-Dr $1,512
Toyota Sienna XLE AWD $1,533
Volkswagen Jetta SE 4-Dr Sedan $1,560
Ford F-150 Lariat King Ranch 2WD $1,565
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Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Rate quotes do not factor in zip code location which can revise coverage prices considerably.

By looking at the data, we can conclude that vehicles like the Honda CR-V, Ford Escape, Kia Forte, Hyundai Tucson, and Honda Accord should be some of the more affordable vehicles to insure for the unemployed.

One of the more important things that insurance companies use to calculate car insurance rates is where your car is garaged. Areas with more people or more claims like Hialeah, Miami, and Miramar tend to have higher rates, whereas less populated areas benefit from lower prices.

The table below sorts the most expensive cities in Florida for unemployed drivers to purchase a policy in.

How much does auto insurance cost in Florida?
Rank City Average Per Year
1 Hialeah $3,595
2 Miami Gardens $3,277
3 Miami $3,273
4 Miami Beach $2,953
5 Miramar $2,709
6 West Palm Beach $2,705
7 Hollywood $2,630
8 Fort Lauderdale $2,576
9 Tampa $2,558
10 Pompano Beach $2,518
11 Coral Springs $2,499
12 Davie $2,473
13 Pembroke Pines $2,431
14 Brandon $2,368
15 St. Petersburg $2,219
16 Clearwater $2,172
17 Spring Hill $2,060
18 Orlando $2,029
19 Jacksonville $2,020
20 Port St. Lucie $1,935
21 Cape Coral $1,917
22 Lakeland $1,827
23 Palm Bay $1,803
24 Tallahassee $1,748
25 Gainesville $1,646
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Prices are estimated as the specific geographic location can affect coverage prices greatly.

How to get discounts on Florida insurance rates

<img class="floatright" src="http://www.quoteclickinsure.com/blog/wp-content/uploads/cheapest-insurance-unemployed-drivers-fl.jpg" alt="Cheaper Florida car insurance for the unemployed”/>Car insurance companies that offer cheap auto insurance for unemployed drivers in Florida could also offer discounts that may potentially lower prices by 35% or more if you are eligible to receive them. Companies and their possible discounts are outlined below.

Car Insurance Discounts Available by Company
Discount Progressive State Farm Geico Allstate
Multi-policy Yes Yes Yes Yes
Multi-vehicle Yes Yes Yes No
Anti-theft Yes Yes Yes Yes
Anti-lock brakes No Yes Yes Yes
Passive restraint No Yes Yes Yes
Daytime running lights No Yes Yes No
New vehicle No Yes No Yes
Accident-free Yes Yes Yes Yes
Defensive driver training Yes Yes Yes Yes
Low miles Yes Yes No Yes
Active duty military Yes Yes Yes No
Affinity/occupation No No Yes No
Pay in full Yes No Yes Yes
Automatic payment Yes No Yes Yes
Brand loyalty Yes Yes No No
Early signing No No No Yes
Good grades Yes Yes Yes Yes
Student at college Yes Yes No Yes
Own home Yes No No No
Seat belt use No No Yes No
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The diagram below compares auto insurance costs with and without discounts being applied to the rates. The price estimates are based on a male driver, a clean driving record, no claims, Florida state minimum liability limits, full physical damage coverage, and $500 deductibles.

The first bar for each age group shows the average annual price with no discounts. The second shows the rates with accident-free, anti-theft, claim-free, homeowner, passive restraint, and safe-driver discounts applied. When taking advantage of discounts, the the amount saved on car insurance for unemployed drivers is 32% or $382.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Male Driver No Discounts’, ‘Male Driver with Discounts’],[‘Age 20’, 3335,2397],[‘Age 30’, 1757,1277],[‘Age 40’, 1721,1247],[‘Age 50’, 1567,1135],[‘Age 60’, 1519,1101],[‘Age 70’, 1865,1347]]);var options = {title: ‘Insurance Rate Comparison for Unemployed Drivers’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9’, ‘#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

Buying coverage from the highest-rated auto insurance provider is hard considering how many different companies sell coverage in Florida. The company ratings in the next section may help you choose which providers you want to consider when looking for cheaper rates. These ratings only include companies with a national presence, so companies that focus mainly on Florida business are not factored into the list.

Florida Car Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
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Data Source: Insure.com Best Car Insurance Companies

How to find low-cost car insurance for unemployed drivers

The list below summarizes some of the recommended thrifty ideas that can help Florida drivers buy lower-cost car insurance.

  • Avoid at-fault accidents and claims
  • Do not pay for full coverage on older vehicles
  • Buy vehicles with five-star safety ratings
  • Home or renters coverage can save on auto insurance
  • Improve your credit
  • Compare prices as often as possible

That last idea is certainly important, as we pointed out in this article. Coverage rates in Florida fluctuate considerably, so don’t be afraid to buy from a different company if a better deal can be had.

Many drivers tend to have loyalty to a certain company, but it’s not a good idea if that faithfulness ends up costing you a wad of cash every year. Now is a great time to compare prices and find cheaper insurance for unemployed drivers.