The words “low-priced” and “insurance” probably shouldn’t be used together, in particular when shopping around for the cheapest coverage for state employees. Let’s teach you some of the things that have an effect on auto insurance prices, and come up with some ideas to take the bite out of your next policy.
Buying budget insurance is not most people’s favorite thing to do, and determining which company has the cheapest auto insurance rates for state employees will involve even more shopping around. Every insurance company has their own process for setting prices, so we need to take a look at the most budget-friendly auto insurance companies in Jacksonville.
Best Insurance Companies in Florida
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $957 |
| 2 | Electric | $1,694 |
| 3 | Amica | $1,712 |
| 4 | Progressive | $1,775 |
| 5 | Travelers | $1,869 |
| 6 | Allied | $1,945 |
| 7 | Mercury | $1,973 |
| 8 | Esurance | $2,082 |
| 9 | GEICO | $2,086 |
| 10 | State Farm | $2,110 |
| 11 | Auto-Owners | $2,171 |
| 12 | 21st Century | $2,373 |
| 13 | Allstate | $2,411 |
| 14 | Windhaven Insurance | $2,549 |
| 15 | MetLife | $2,900 |
| 16 | Safeco | $2,927 |
| 17 | Liberty Mutual | $3,009 |
| 18 | Hanover | $3,024 |
| 19 | United Automobile | $3,422 |
| 20 | Direct General | $4,062 |
| View More Rates Go | ||
USAA normally has some of the cheapest car insurance rates in Jacksonville at around $957 each year. This is $1,491 less than the average price paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers also rank well as some of the more affordable Jacksonville, FL insurance companies.
In the above example, if you are currently insured with Progressive and switched to USAA, you could realize an annual savings of roughly $818. Drivers with Travelers might save as much as $912 a year, and Allied insureds might realize rate reductions of up to $988 a year.
Be aware that those premiums are averaged for all types of drivers and the different vehicles they drive and are not factoring in an exact zip code location for state employees. So the car insurance company that fits you best may not even be in the list above. That underscores the importance of why you need to get auto insurance quotes using your own personal information and vehicle type.
One of the more important components that are used to help calculate the cost of insurance is where you keep your car. Cities with larger populations are more likely to pay higher prices, whereas areas with less people or fewer weather incidents have the benefit of cheaper auto insurance prices.
The illustration below rates the most expensive areas in Florida for state employees to purchase car insurance in. Jacksonville makes the list at #19 with the annual price of $1,980 on average, which is approximately $165 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Hialeah | $3,630 |
| 2 | Miami Gardens | $3,149 |
| 3 | Miami | $3,145 |
| 4 | Miami Beach | $3,043 |
| 5 | Miramar | $2,709 |
| 6 | West Palm Beach | $2,705 |
| 7 | Tampa | $2,636 |
| 8 | Pompano Beach | $2,620 |
| 9 | Hollywood | $2,604 |
| 10 | Davie | $2,523 |
| 11 | Fort Lauderdale | $2,500 |
| 12 | Coral Springs | $2,499 |
| 13 | Pembroke Pines | $2,407 |
| 14 | Brandon | $2,368 |
| 15 | St. Petersburg | $2,263 |
| 16 | Clearwater | $2,238 |
| 17 | Orlando | $2,069 |
| 18 | Spring Hill | $2,060 |
| 19 | Jacksonville | $1,980 |
| 20 | Port St. Lucie | $1,935 |
| 21 | Cape Coral | $1,860 |
| 22 | Lakeland | $1,827 |
| 23 | Tallahassee | $1,784 |
| 24 | Palm Bay | $1,750 |
| 25 | Gainesville | $1,696 |
| Start a Quote Go | ||
Prices are estimated as the specific geographic location can affect coverage rates substantially.
The type of vehicle needing coverage is probably the biggest factor when consumers are trying to find the most economical auto insurance for state employees. Vehicles with economical engines, good safety features, or a track record of few liability claims will cost substantially less to insure than higher performance models.
The information below showcases car insurance costs for the cheaper vehicles to buy insurance for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape Limited 4WD | $1,214 |
| Ford Focus S 4-Dr Sedan | $1,301 |
| Chevrolet Malibu LS | $1,325 |
| Volkswagen Jetta S 2.5 Station Wagon | $1,392 |
| Nissan Altima 2.5 S 4-Dr Sedan | $1,395 |
| Honda CR-V EX 4WD | $1,409 |
| Chevrolet Silverado LT Crew Cab 4WD | $1,421 |
| Honda Odyssey Touring | $1,428 |
| Toyota Prius | $1,421 |
| Chevrolet Equinox LTZ 2WD | $1,429 |
| Kia Optima LX | $1,424 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,433 |
| Dodge Grand Caravan CV | $1,441 |
| GMC Sierra Denali Crew Cab 4WD | $1,517 |
| Ford Fusion S 4-Dr Sedan | $1,520 |
| Get a Custom Quote Go | |
Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Price estimates do not factor in specific garaging location which can affect insurance rates greatly.
Based on these rates, you can conclude that vehicles like the Ford Escape, Ford Focus, Chevrolet Malibu, Volkswagen Jetta, and Nissan Altima will be the less-costly vehicles to insure for state workers.
Responsible drivers pay cheaper auto insurance rates
The common sense way to receive low auto insurance rates for state workers is to be a safe driver and maintain a clean driving record. The illustration below highlights how speeding tickets and at-fault claims can impact premium costs for different age groups. The price estimates are based on a single male driver, full physical damage coverage, $500 deductibles, and no discounts are applied to the premium.
The data charted above shows the average cost of car insurance in Florida per year with no accidents or violations is $1,961. Add in one speeding ticket and the average cost swells to $2,212, an increase of $252 each year. Now get one accident along with the one speeding ticket and the annual cost of auto insurance for state employees increases to an average of $2,907. That’s an increase of $946, or $79 per month, just for not driving safely!
Cost comparison with and without full coverage
Reducing the cost of auto insurance is probably important to the majority of people, and one great way to pay less for insurance for state employees is to buy only liability coverage. The diagram below shows the comparison of yearly insurance costs with full physical damage coverage compared to only buying liability only. The data assumes no claims, a clean driving record, $500 deductibles, single marital status, and no discounts are applied.
If averaged out across all ages, physical damage coverage costs an additional $2,619 per year over and above liability coverage. That amount may make you wonder if full coverage is worth the money. There is no set rule to drop full coverage, but there is a general guideline. If the yearly cost of comp and collision coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.
Last year’s bargain might be this year’s rip off
Jacksonville, FL auto insurance rates are influenced by many factors which can substantially change the cost of a policy. Simply having a birthday, buying a home instead of renting, or getting a ticket for running a stop sign may prompt premium changes that can now make some companies cheaper than before. Not only that, but insurance companies change prices multiple times each year in order to remain profitable. Higher than normal claim frequency or severity can result in increased rates, while profitable underwriting may result in lower-cost Jacksonville car insurance rates.
For example, the graph below shows the cheapest car insurance in Jacksonville, FL for a 35-year-old male driver with no accidents or violations, and a decent credit rating. If we estimate rates based on his personal profile, USAA offers the cheapest car insurance rates in Jacksonville at $1,174 annually. This is $1,274 less than the average premium paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Travelers are the remaining most affordable Jacksonville, FL auto insurance companies.
Now we will pretend the driver in the first example some claims, less-than-perfect credit, and an imperfect driving record. Because every insurance company uses their own calculation for establishing rates, analyzing rate quotes may now result in a significantly different list of the cheapest car insurance companies in Jacksonville as shown below.
USAA now has the best car insurance rate in Jacksonville, FL with Allied, Esurance, State Farm, and GEICO also having competitive pricing. This demonstrates why Jacksonville drivers need to take the time to shop around to get the most budget-friendly car insurance quotes for state employees. Auto insurance prices are made up of many risk factors and change dramatically, so the best price when you bought your policy may now be costing you a lot of money.