UPDATED: JUNE 22, 2023 | 3 MIN READ
Are you searching for affordable car insurance in Orlando, Florida? Look no further! Whether you’re a resident of the vibrant city or planning a move, we’ve got you covered. Discover valuable tips and insights to navigate the insurance landscape and secure the best coverage at competitive rates.
How do the average car insurance rates in Orlando, Florida, compare to the state and U.S. averages?
According to recent data, Orlando’s average annual car insurance rate is $2,958. Comparatively, the average for the entire state of Florida is slightly lower at $2,922, while the national average comes in at $1,550. These figures highlight that car insurance rates in Orlando are generally higher than the state and U.S. averages.
| Average Annual Car Insurance Rates In Orlando | Average Annual Car Insurance Rates In Florida | Average Annual Car Insurance Rates In the United States |
|---|---|---|
| $2,958 | $2,922 | $1,550 |
How do the city’s average rates compare to other Florida cities?
Here’s a glimpse into the average annual car insurance costs in select Florida cities. In Jacksonville, the average is $2,940, 4% below the Florida average. Moving to Miami, car insurance rates increase significantly, with an average cost of $4,140, reflecting a 34% difference from the state average.
The average annual car insurance cost in Orlando is $3,180, just 3% above the Florida average. Tampa follows closely behind with an average cost of $4,020, representing a 31% difference, while St. Petersburg stands at $3,360, reflecting a 9% difference from the state average.
| City | Average Annual Car Insurance Cost by City | Difference From the Florida Average |
|---|---|---|
| Jacksonville | $2,940 | -4% |
| Miami | $4,140 | 34% |
| Orlando | $3,180 | 3% |
| Tampa | $4,020 | 31% |
| St Petersburg | $3,360 | 9% |
Best cheap car insurance in Orlando, Florida
When finding the best cheap car insurance in Orlando, Florida, several top contenders offer competitive rates and reliable coverage. These insurance providers understand the importance of affordability without compromising on quality. Next, we’ll dive into these top insurance companies’ details and explore the factors that make them stand out in the Orlando market.
Cheapest Orlando, Florida liability-only auto insurance
GEICO offers the cheapest liability-only auto insurance in Orlando, Florida, with an average monthly premium of $28.
Several insurance providers offer competitive rates if you want liability-only auto insurance in Orlando, Florida. Among the top contenders, Geico stands out as the cheapest option, with an average monthly premium of just $28. State Farm follows closely behind with an average monthly premium of $39, while Travelers offers coverage at an average monthly premium of $63.
Farmers and Progressive are also viable choices, with average monthly premiums of $82 and $127, respectively. However, it’s important to note that Allstate has the highest average monthly premium among the mentioned providers, coming in at $214. Considering these options, you can find the most affordable liability-only auto insurance coverage that fits your budget and requirements.
Florida minimum liability requirements
The minimum liability coverage in Florida includes $10,000 per person for bodily injury and $10,000 for property damage. These requirements ensure that drivers have a basic level of coverage to protect themselves and others in an accident. However, it’s important to note that these minimums may not be sufficient in all cases, especially for severe accidents or extensive property damage.
| Minimum Liability Requirements in Florida | |
| Bodily Injury | $10,000 per person |
| Property Damage | $10,000 |
Awareness of and meeting the Florida minimum liability requirements for car insurance is a legal obligation to ensure a basic coverage level. While the state mandates bodily injury coverage of $10,000 per person and property damage coverage of $10,000, it’s important to recognize that these minimums may not provide comprehensive protection in all situations.
Cheapest Orlando, Florida, full-coverage auto insurance
State Farm offers the cheapest full-coverage auto insurance in Orlando, Florida, with a monthly rate of $129.
Various insurance providers are offering competitive rates in Orlando, Florida. State Farm is the most affordable option, providing full coverage at a monthly rate of $129. GEICO follows closely behind with a monthly rate of $135, while Travelers offers $196 per month coverage. Farmers and Progressive are also viable choices, with monthly rates of $242 and $284, respectively. However, it’s important to note that Allstate has the highest monthly rate among the mentioned providers, coming in at $427.
While liability-only coverage may be the cheapest choice for drivers in Orlando, FL, there might be better options. If you opt for liability-only coverage, consider raising your limits and including uninsured/underinsured motorist coverage for enhanced protection. However, if your vehicle is valued at least $5,000 or is less than ten years old, it is likely more prudent to carry full-coverage car insurance. By carefully evaluating your circumstances, you can make an informed decision that ensures adequate coverage and peace of mind on the roads of Orlando, FL.
| Company | Monthly Rate |
|---|---|
| State Farm | $129 |
| GEICO | $135 |
| Travelers | $196 |
| Farmers | $242 |
| Progressive | $284 |
| Allstate | $427 |
Average monthly car insurance cost by zip code
The average monthly car insurance cost in Orlando varies by zip code, ranging from $231 in 32820 to $285 in 32808.
The average monthly cost of car insurance in Orlando varies by zip code. In the 32789 zip code, the average monthly cost is $239; in 32801, it is slightly higher at $267. Moving to 32803, the average monthly cost is $249, followed by 32804 at $271. In 32805, the average monthly cost rises to $284. However, in 32806, the cost is $245; in 32807, it is $242. The average monthly costs fluctuate across various zip codes in Orlando, ranging from $231 in 32820 to $285 in 32808.
| Zip Code | Average Monthly Cost |
|---|---|
| 32789 | $239 |
| 32801 | $267 |
| 32803 | $249 |
| 32804 | $271 |
| 32805 | $284 |
| 32806 | $245 |
| 32807 | $242 |
| 32808 | $285 |
| 32809 | $268 |
| 32810 | $257 |
| 32811 | $283 |
| 32812 | $242 |
| 32814 | $246 |
| 32816 | $234 |
| 32817 | $236 |
| 32818 | $272 |
| 32819 | $236 |
| 32820 | $231 |
| 32821 | $236 |
| 32822 | $245 |
| 32824 | $250 |
| 32825 | $239 |
| 32826 | $234 |
| 32827 | $240 |
| 32828 | $233 |
| 32829 | $238 |
| 32831 | $236 |
| 32832 | $234 |
| 32833 | $232 |
| 32834 | $237 |
| 32835 | $245 |
| 32836 | $234 |
| 32837 | $241 |
| 32839 | $266 |
Orlando car insurance premiums for people with previous incidents
Auto insurance costs in Orlando can vary significantly based on several factors, and it’s important to note that individual circumstances, such as driving history and citation types, can also impact insurance premiums. For instance, DUI/DWI convictions result in an average annual premium of $4,588, while reckless driving leads to an average premium of $4,738.
At-fault accidents with damages less than $1,000 have an average premium of $4,202, whereas damages less than $2,000 lead to an average premium of $4,282. Speeding tickets for 16-20 mph over the speed limit result in a lower average annual premium of $3,658.
| Citation Type | Average Annual Premium |
|---|---|
| DUI/DWI | $4,588 |
| Reckless Driving | $4,738 |
| At-fault Accident (damages less than $1,000) | $4,202 |
| At-fault Accident (damages less than $2,000) | $4,282 |
| Speeding Ticket (16-20 mph over the speed limit) | $3,658 |
Cheapest car insurance options after a speeding ticket
State Farm offers the cheapest car insurance options after a speeding ticket in Orlando, with an average annual premium of $1,668.
When searching for the cheapest car insurance after a speeding ticket in Orlando, State Farm is the most budget-friendly choice, with an average annual premium of $1,668. GEICO follows closely behind with an average annual premium of $2,064.
Travelers and Progressive offer viable alternatives, with average annual premiums of $2,916 and $4,800, respectively. However, it’s important to note that Allstate has the highest average annual premium among the mentioned providers, coming in at $5,124.
| Company | Average Annual Premium |
|---|---|
| State Farm | $1,668 |
| GEICO | $2,064 |
| Travelers | $2,916 |
| Progressive | $4,800 |
| Allstate | $5,124 |
Cheapest car insurance options after an accident
State Farm offers the cheapest car insurance options after an accident in Orlando, with an average annual premium of $1,800.
Affordable car insurance options after an accident in Orlando are crucial for drivers looking to maintain coverage without breaking the bank. State Farm is the most cost-effective choice, with an average annual premium of $1,800. GEICO follows closely behind, offering competitive rates with an average annual premium of $2,136.
Travelers and Farmers also provide viable options, with average annual premiums of $3,216 and $4,104, respectively. However, it’s important to note that Progressive and Allstate have higher average annual premiums among the mentioned providers, with rates of $5,112 and $8,844, respectively.
| Company | Average Annual Premium |
|---|---|
| State Farm | $1,800 |
| GEICO | $2,136 |
| Travelers | $3,216 |
| Farmers | $4,104 |
| Progressive | $5,112 |
| Allstate | $8,844 |
Cheapest car insurance options after a DUI
State Farm offers the cheapest car insurance options after a DUI in Orlando, with an average annual premium of $1,668.
Finding affordable car insurance options after a DUI can be difficult, but it’s not impossible. In Orlando, drivers can still find cheaper coverage despite the impact of a DUI on their rates. State Farm is the least expensive choice, with an average yearly premium of $1,668.
GEICO is a close second, offering competitive rates at $2,664 annually. Farmers and Travelers are also good options, with average yearly premiums of $3,120 and $3,480, respectively. However, Progressive and Allstate have higher prices, with premiums of $4,056 and $6,456 yearly.
| Company | Average Annual Premium |
|---|---|
| State Farm | $1,668 |
| GEICO | $2,664 |
| Farmers | $3,120 |
| Travelers | $3,480 |
| Progressive | $4,056 |
| Allstate | $6,456 |
Average Orlando car insurance rates by gender and marital status
Car insurance rates in Orlando can be influenced by gender and marital status. On average, women have slightly higher rates, paying around $2,398 annually, while men pay about $2,332. Surprisingly, whether someone is single or married doesn’t make much difference, as both groups have similar average premiums of $2,223. However, if someone is widowed or divorced, they might experience slightly higher rates, with average annual premiums of $2,280 and $2,306, respectively.
| Gender/Marital Status | Average Annual Car Insurance Premium |
|---|---|
| Women | $2,398 |
| Men | $2,332 |
| Single | $2,223 |
| Married | $2,223 |
| Widowed | $2,280 |
| Divorced | $2,306 |
Average Orlando car insurance rates by credit score
Your credit score can affect how much you pay for car insurance in Orlando. People with poor credit scores have higher rates, paying around $4,598 annually on average. If your credit score is fair, you can expect lower rates at around $2,848 annually. A good credit score brings even lower premiums, averaging around $2,333 annually. For those with excellent credit scores, car insurance rates are the most affordable, with an average annual cost of $1,866.
| Credit Score | Average Annual Premium |
|---|---|
| Poor | $4,598 |
| Fair | $2,848 |
| Good | $2,333 |
| Excellent | $1,866 |
Cheapest car insurance options in Orlando by age
Your age can affect car insurance costs in Orlando. Age groups have different rates based on driving experience and risk factors. Let’s explore the cheapest car insurance options for young drivers in Orlando.
Best car insurance for young drivers
GEICO offers the best car insurance rates for young drivers in Orlando, with an average annual cost of $744 for liability-only coverage.
There are several insurance companies to consider in Orlando for young drivers. GEICO offers the cheapest rates for liability-only coverage, with an average yearly cost of $744. State Farm is the next affordable option, with rates around $1,272.
GEICO remains the most budget-friendly for full-coverage insurance, averaging $3,780 annually, followed by State Farm at $4,440. Travelers, Progressive, Farmers, and Allstate also provide coverage, but their rates are higher. Take your time to compare these options and find the best car insurance for your needs as a young driver in Orlando.
| Insurance Carrier | Average Annual Rates for Liability-Only Insurance Coverage | Average Annual Rates for Full-Coverage Insurance |
|---|---|---|
| GEICO | $744 | $3,780 |
| State Farm | $1,272 | $4,440 |
| Travelers | $1,668 | $6,336 |
| Progressive | $3,036 | $8,520 |
| Farmers | $3,240 | $9,936 |
| Allstate | $1,896 | $16,980 |
FAQ
What are the average car insurance rates in Orlando, Florida?
The average annual car insurance rates in Orlando, Florida, range from $2,332 for men to $2,398 for women.
Which insurance company offers the cheapest car insurance in Orlando?
Among the listed insurance providers, GEICO stands out as one of the most affordable options, offering competitive rates for liability-only and full-coverage insurance.
How do car insurance rates in Orlando compare based on credit score?
Your credit score can affect your car insurance rates in Orlando. Individuals with excellent credit scores pay around $1,866 per year, while those with poor credit scores face higher rates, with an average cost of $4,598 annually.
What are the cheapest car insurance options for young drivers in Orlando?
For young drivers in Orlando, GEICO offers the most affordable car insurance rates, with average annual premiums of $744 for liability-only coverage and $3,780 for full-coverage insurance.
How does marital status affect car insurance rates in Orlando?
Being single or married in Orlando does not significantly impact car insurance rates, as both groups have similar average annual premiums of $2,223. However, being widowed or divorced may lead to slightly higher rates, with average premiums of $2,280 and $2,306, respectively.
Find cheap car insurance in Orlando, Florida
Finding cheap car insurance in Orlando, Florida, is crucial for saving money and ensuring adequate coverage. By comparing rates from different insurance providers and considering factors such as gender, age, credit score, and driving history, you can find the most affordable options that meet your needs.
Remember to prioritize value, not just the lowest price, as comprehensive coverage is vital for protecting yourself and your vehicle. Start your search today and secure the best car insurance policy in Orlando, Florida.
Methodology
Medigap.com extracted and analyzed data from the following to provide data in this article.
- “Florida Insurance Requirements” (flhsmv.gov)
- “Cheapest and Best Car Insurance Companies in Orlando, FL” (Moneygeek)
- “Average cost of car insurance in Florida in 2023” (Bankrate)
Related content
- Cheapest Car Insurance in Florida
- Find Car Insurance For High-Risk Drivers In Florida
- Guide For SR-22 Insurance In Florida
- Penalties For Driving Without Insurance In Florida
- Florida Car Insurance Laws & Requirements
