Who Has the Cheapest Car Insurance for Business Use in Florida?

You have most likely seen the catchy commercials from car insurance companies like Farmers, Liberty Mutual, and Allstate that promise enormous savings, so drivers just need to pick one at random, right?

It’s not quite that easy, unfortunately, as there are a whole bunch of unknowns like any driving violations you may have, the amount of liability insurance you need, if you own your own home, and what level of deductibles you need. We will touch on the things that cause high insurance rates and also should give you some help in finding cheaper rates.

Deciphering which company has the most affordable auto insurance rates for business use requires a little more sweat in order to find the lowest price quote.

Every insurance company uses a different method for establishing rates, so let’s take a look at the most budget-friendly auto insurance companies in Florida. We do need to point out that Florida auto insurance rates are impacted by many factors that may substantially change the cost of coverage. Getting older, increasing liability limits, or getting caught speeding can trigger price changes resulting in some rates now being affordable when they were higher priced.

Best Cheap Insurance Rates for Business Use

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USAA quotes some of the best car insurance rates in Florida at around $986 per year. Electric, Amica, Progressive, and Travelers are also some of the best Florida auto insurance companies.

As shown in the rates above, if you have coverage with Progressive and switched to Electric, you could earn a yearly savings of around $81. Florida drivers with Travelers may save as much as $194 a year, and Allied customers might see rate reductions of $232 a year.

Bear in mind that those policy rates are averages for all drivers and vehicles in Florida and do not take into consideration a price surcharge for business use. So the insurer that is best suited for you may not even be included in the rate chart shown above. That underscores the importance of why you need to compare rates from multiple companies using your own individual information.

One of the more important criteria used to calculate the policy price is where you keep your vehicle in Florida. Areas with more people or higher crime rates like Hialeah, Miami, and Miramar tend to have more expensive car insurance rates, whereas areas with fewer weather claims and lower vehicle theft rates have the luxury of the cheapest car insurance for business use in Florida.

The following table illustrates the highest-priced places in Florida for business use to purchase a policy in.

Rate quotes are estimated as vehicle location can affect price quotes substantially.

We all like different vehicles, and the type of vehicle requiring insurance is probably the biggest factor when comparison shopping for the cheapest car insurance for business use in Florida. Vehicles with lower performance, a great safety record, or a positive history of liability claims will cost substantially less to insure than fast, unsafe models.

The next tables outlines auto insurance prices for a selection of the cheaper automobiles to insure in Florida.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Price information does not factor in specific Florida garaging location which can influence coverage rates noticeably.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Premium amounts do not factor in specific garaging location which can change prices noticeably.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Rate quotes do not factor in the specific area where the vehicle is garaged which can revise price quotes significantly.

Allstate, Geico, Progressive, and State Farm: Who is best?

If you want reliable car insurance for using your car for business in Florida, probably the best companies to start with are Allstate, Geico, Progressive, and State Farm. When combined, they insure almost half of all auto insurance written. The next table compares ratings and policy coverage options you can expect with each one.