Cheapest Auto Insurance Quotes for State Employees in Florida

You have probably watched the captivating ads from companies like State Farm and The General that promise the cheapest price, so you just need to choose any of them, right?

Unfortunately, it’s not that simple as there are many unknowns such as how you use your vehicle, your current insurance company, if you have a spouse, and if you are a renter or homeowner. This article delves into the different ways you can keep rates low and educate you enough to have some help in finding cheaper rates.

We all like different vehicles, and the type of vehicle you are seeking coverage for is one of the main factors when consumers are trying to find the most affordable car insurance for state employees. Vehicles with more horsepower, a lack of modern safety features, or a track record of large liability claims will cost more to insure than more economical and safe models. The information below outlines insurance premiums for a handful of the more afforable vehicles to insure.

Prices based on single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Table data does not factor in the specific area where the vehicle is garaged which can affect price quotes greatly.

Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Premium amounts do not factor in vehicle location which can increase or decrease rates noticeably.

Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Premium amounts do not factor in specific location information which can raise or lower insurance rates greatly.

One of the many things that affect the price of your policy is where your residence is in Florida. Areas with more people like Hialeah, Miami, and Miramar likely pay more, whereas areas with lower crime rates and fewer weather claims have the enjoyment of a little cheaper coverage.

The information below illustrates the most expensive areas in Florida for state employees in which to purchase auto insurance.

Information shown are estimated as the specific garaging location can decrease or increase premium rates considerably.

Deciphering which company quotes the lowest-priced car insurance rates for state employees will require a bit more effort in order to find the lowest price. Each insurance company uses their own calculation to set premium rates, so we’ll go over the car insurance companies that tend to have lower prices in Florida.

It’s important to understand that Florida car insurance rates are determined by lots of factors that will increase or decrease the cost of having a policy. Simply turning a year older, buying a different home, or getting a ticket for running a stop sign may cause policy rate changes resulting in some rates now being more affordable than competitors.

Cheapest Insurance Rates in Florida

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USAA generally has some of the cheapest car insurance rates in Florida at around $977 per year. Electric, Amica, Progressive, and Travelers also rank well as some of the lowest-priced Florida car insurance companies.

In the above example, if you are currently insured with Amica and switched to USAA, you might see a yearly price reduction of around $787. Florida drivers with Progressive might save as much as $852 a year, and Travelers policyholders might reduce prices by as much as $911 a year.

Understand that those estimates are averages across all insureds and vehicles and and are not calculated with a rate discount for state employees. So the company that fits your needs best may not even be shown in the above list. That underscores the importance of why you need to quote rates from many companies using your own driver and vehicle profiles.

Full coverage versus liability-only

Finding the cheapest auto insurance for state employees in Florida is probably important to the majority of people, and one of the easiest ways to buy cheap insurance is to only buy liability coverage. The example below illustrates the difference between insurance costs with full physical damage coverage compared to only buying liability only. The rates are based on no violations or claims, $500 deductibles, single marital status, and no policy discounts are applied.

If we average the cost for all age groups, physical damage coverage on your policy costs $1,961 per year more than just buying liability insurance. A very common question is if buying full coverage is a good investment. There is no definitive formula that is best for determining when to drop comp and collision coverage, but there is a general school of thought. If the yearly cost for physical damage coverage is more than 10% of the replacement cost minus the deductible, then you might consider buying liability only.

For example, let’s pretend your vehicle’s claim settlement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $7,000 after you pay the deductible. If it’s costing you more than $700 annually to have full coverage, then you might consider buying liability only.

There are some scenarios where only buying liability is not a good idea. If you still have a lienholder on your title, you have to keep full coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.

Types of discounts on Florida car insurance rates

Car insurance companies that sell the cheapest auto insurance for state employees in Florida could also offer rate discounts that can reduce rates by 35% or more if you are eligible to receive them. A few popular companies and a partial list of their discounts are shown below.

• Farm Bureau may offer discounts for multi-policy, good student, multi-vehicle, renewal discount, driver training, and safe driver.
• Liberty Mutual may have discounts that include newly married, multi-car, newly retired, hybrid vehicle, good student, and exclusive group savings.
• State Farm offers premium reductions for Drive Safe & Save, student away at school, safe vehicle, defensive driving training, multiple policy, and good driver.
• Auto-Owners Insurance offers discounts including paperless, student away at school, good student, anti-theft, and mature driver.
• GEICO has discounts for good student, multi-vehicle, emergency military deployment, driver training, and five-year accident-free.
• SAFECO offers discounts for teen safety rewards, accident prevention training, homeowner, teen safe driver, drive less, multi-car, and safe driver.

The example below shows the comparison of insurance prices with and without discounts applied to the premium. The premiums assume a female driver, no claims or driving citations, Florida state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with homeowner, passive restraint, anti-theft, safe-driver, accident-free, and marriage discounts applied. When drivers qualify for the discounts, the average savings per year on car insurance for state employees is 28% or $625.

How to find economical auto insurance for state employees

The list below summarizes some penny-pinching ideas that can help drivers locate cheaper coverage.

• Increase your comprehensive and collision deductibles
• Vehicles with safetly features generally cost less to insure
• Staying accident-free helps keep rates low
• Improve your credit rating
• Do not get traffic citations
• Comparison shop frequently

The final tip is extremely significant, as we noted in this piece. Coverage rates in Florida change frequently, so drivers shouldn’t be resistant to switch to a new company if a better deal can be had. Many drivers prefer to stick with one company, but it’s not recommended if that faithfulness ends up costing you money that could be going to better use. Spend a few minutes and shop around and find cheaper auto insurance for state employees.