The type of vehicle needing coverage is one of the biggest factors when shopping for cheap coverage for homeowners. Vehicles with lots of speed or power, poor safety features, or a high likelihood of having liability claims will cost more to insure than more modest models. The list below estimates insurance costs for the cheapest vehicles to buy coverage for.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $1,164 |
| Ford Escape XLS 4WD | $1,171 |
| Toyota Prius | $1,288 |
| Honda Accord LX 4-Dr Sedan | $1,312 |
| Jeep Grand Cherokee Laredo 2WD | $1,375 |
| Hyundai Elantra GLS 4-Dr Sedan | $1,450 |
| Honda Odyssey EX-L W/Rear Entertainment | $1,460 |
| Dodge Ram Quad Cab SLT 4WD | $1,499 |
| Chevrolet Silverado LT Extended Cab 4WD | $1,509 |
| Toyota Camry LE | $1,516 |
| Ford Edge SEL 2WD | $1,516 |
| Chevrolet Impala LS | $1,522 |
| Chevrolet Equinox LS 2WD | $1,550 |
| Toyota RAV4 Sport 4WD | $1,557 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $1,586 |
| Ford Explorer Limited AWD | $1,596 |
| Dodge Grand Caravan SXT | $1,586 |
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Table data does not factor in specific garaging location which can change prices noticeably.
Looking at the data, makes and models like the Honda CR-V, Ford Escape, Toyota Prius, Honda Accord, and Jeep Grand Cherokee are going to be some of the cheapest vehicles to insure for people who own their homes.
Finding out which company offers the lowest-priced car insurance rates for homeowners involves a bit more work in order to find a policy that fits your budget. Every car insurance company has their own formula to determine rates, so to begin we’ll rank the most budget-friendly car insurance companies in Florida.
Find the Cheapest Auto Insurance for Homeowners
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $986 |
| 2 | Electric | $1,694 |
| 3 | Amica | $1,694 |
| 4 | Progressive | $1,775 |
| 5 | Mercury | $1,914 |
| 6 | Travelers | $1,945 |
| 7 | Allied | $2,004 |
| 8 | Esurance | $2,040 |
| 9 | Auto-Owners | $2,085 |
| 10 | GEICO | $2,086 |
| 11 | State Farm | $2,131 |
| 12 | 21st Century | $2,373 |
| 13 | Allstate | $2,411 |
| 14 | Windhaven Insurance | $2,549 |
| 15 | MetLife | $2,958 |
| 16 | Safeco | $2,987 |
| 17 | Liberty Mutual | $3,009 |
| 18 | Hanover | $3,024 |
| 19 | United Automobile | $3,457 |
| 20 | Direct General | $4,022 |
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USAA may have some of the cheapest car insurance rates in Jacksonville at around $986 a year. This is $1,462 less than the average price paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Mercury also rank well as some of the best Jacksonville, FL insurance companies.
In the above example, if you have coverage with Progressive and switched to Electric, you might realize an annual savings of around $81. Drivers with Mercury may save as much as $220 a year, and Travelers insureds might reduce rates by $251 a year.
To find cheaper insurance rates for your vehicle, click here to get quotes or visit several of the following companies.
Bear in mind that those prices are averaged across all drivers and vehicles in Florida and do not factor in an exact vehicle garaging location for homeowners. So the auto insurance company that has the cheapest rates for you may not even be in the list above. That underscores the importance of why you need to get car insurance quotes using your own specific driver and vehicle information.
For people who own their homes, one of the more important things that are used to help calculate the amount you pay for auto insurance is the neighborhood you call home in Jacksonville. Cities with larger populations likely pay more, whereas areas with lower crime rates and fewer weather claims have the benefit of cheaper car insurance.
The table below shows the highest-priced places in Florida for homeowners to purchase car insurance in. Jacksonville is ranked at #20 with a yearly cost of $1,960 for coverage, which is about $163 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Hialeah | $3,488 |
| 2 | Miami | $3,273 |
| 3 | Miami Gardens | $3,149 |
| 4 | Miami Beach | $3,013 |
| 5 | Hollywood | $2,630 |
| 6 | Miramar | $2,629 |
| 7 | West Palm Beach | $2,599 |
| 8 | Fort Lauderdale | $2,550 |
| 9 | Coral Springs | $2,549 |
| 10 | Pompano Beach | $2,543 |
| 11 | Tampa | $2,532 |
| 12 | Pembroke Pines | $2,481 |
| 13 | Davie | $2,473 |
| 14 | Brandon | $2,392 |
| 15 | Clearwater | $2,238 |
| 16 | St. Petersburg | $2,196 |
| 17 | Spring Hill | $2,102 |
| 18 | Orlando | $2,029 |
| 19 | Port St. Lucie | $1,975 |
| 20 | Jacksonville | $1,960 |
| 21 | Cape Coral | $1,841 |
| 22 | Lakeland | $1,827 |
| 23 | Palm Bay | $1,803 |
| 24 | Tallahassee | $1,801 |
| 25 | Gainesville | $1,680 |
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Prices are comparative as specific location information can influence coverage rates greatly.
Insuring your vehicle with the right auto insurance provider can be difficult considering how many companies sell insurance in Florida. The ranking information below can help you decide which auto insurance companies you want to consider when insurance shopping for homeowners. These ratings only include companies that insure vehicles across America, so smaller companies that only insure vehicles in Florida are not included in the list.
| 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 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Tickets and at-fault accidents raise rates
In a perfect world, the best way to enjoy cheap car insurance rates in Florida for people who own their homes is to drive attentively and not receive tickets or have accidents. The information below illustrates how traffic citations and at-fault collisions can raise insurance premiums for each different age category. The information is based on a single male driver, full coverage, $250 deductibles, and no discounts are taken into consideration.
In the previous example, the average cost of an auto insurance policy per year with no violations or accidents is $2,186. Factor in two speeding tickets and the average cost hikes up to $2,896, an increase of $710 each year. Now include one accident along with the two speeding tickets and the annual cost of car insurance for homeowners goes up to an average of $3,605. That’s an increase of $1,419, or $118 per month, just for not being more responsible behind the wheel!
Don’t stick with an overpriced policy
Florida car insurance rates are based on many factors that control the price of your policy. Getting older, filing a claim, or getting a speeding ticket may generate price changes that can make some companies cheaper than others.
Not only may your situation change, but insurers amend premium rates every year or even multiple times each year to adjust for gains or losses. Higher than normal claim frequency or severity may cause higher rates, while lower claim expenses can cause cheaper Jacksonville car insurance rates.
For example, the data below compares the cheapest car insurance in Jacksonville, FL for a 45-year-old male driver with no accidents, a clean driving record, and good credit. If we look at prices based on his personal risk profile, USAA has the cheapest car insurance rates in Jacksonville at $1,198 each year. This is $1,250 less than the average premium paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Travelers are the rest of the top five cheapest Jacksonville, FL auto insurance companies.
In this next rate comparison, we will give the driver from the first set of rates a claim or two, less-than-perfect credit, and a blemish on his driving record. Because each insurer has a unique approach for determining rates in each state, comparing prices will most likely result in a substantially altered list of companies as shown below.
USAA now has the best auto insurance rate in Jacksonville with Allied, Esurance, Auto-Owners, and GEICO now being in the top five. This example illustrates why it is so important to perform an extensive rate comparison to get affordable car insurance quotes for homeowners. Rates are made up of many risk factors and can decrease or increase without notice, so the most affordable company when you last compared rates may now be priced much higher than other options.
How to find economical insurance for homeowners
Lowering your rates is not difficult, and here are some of the better money-saving suggestions that can help Jacksonville drivers get lower-cost auto insurance.
- Do not waste money insuring older vehicles for full coverage
- Remain accident-free and save
- Discounts for being claim-free can be substantial
- Increase the comprehensive and collision deductibles on your policy
- You will pay more if you get tickets or have at-fault accidents
- Check for cheaper rates once a year
The last item on the list is especially valuable, as was emphasized in this write-up. Car insurance rates can be adjusted at any time, so don’t be unwilling to buy a different policy if a better deal can be had.
Many drivers tend to have loyalty to a certain company, but is isn’t recommended if that dedication is costing lots of hard earned cash every month. Take a few minutes and compare prices to find cheaper auto insurance for homeowners in Jacksonville.