Things would sure be easy if we could tell you the one Florida auto insurance company that has the cheapest coverage in Florida. Unfortunately, it’s not that simple as there are a whole bunch of unknown elements like if you have ever let your policy lapse, when you were born, and what coverage limits you need, that all help calculate your car insurance rates. This article will discuss the best ways to avoid overpriced car insurance and will hopefully give you some help in finding cheaper rates.
Establishing which company offers the cheapest auto insurance rates for college students will require a little more sweat in order to find the best policy.
Each company has their own process for determining prices, so let’s rank the auto insurance companies with the most affordable rates in Jacksonville. It’s a good idea to know that Jacksonville, FL auto insurance rates are impacted by many factors that will increase or decrease the price you have to pay for coverage. Improving your credit score, buying a different home, or having a fender bender may prompt premium changes that can cause some rates to be cheaper than competitors.
Find the Cheapest Auto Insurance for College Students
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $948 |
| 2 | Electric | $1,764 |
| 3 | Amica | $1,764 |
| 4 | Progressive | $1,775 |
| 5 | Mercury | $1,914 |
| 6 | Allied | $1,926 |
| 7 | Travelers | $1,945 |
| 8 | Esurance | $2,102 |
| 9 | State Farm | $2,110 |
| 10 | Auto-Owners | $2,149 |
| 11 | GEICO | $2,150 |
| 12 | Allstate | $2,388 |
| 13 | 21st Century | $2,397 |
| 14 | Windhaven Insurance | $2,653 |
| 15 | Safeco | $2,927 |
| 16 | MetLife | $2,958 |
| 17 | Hanover | $3,054 |
| 18 | Liberty Mutual | $3,101 |
| 19 | United Automobile | $3,457 |
| 20 | Direct General | $4,022 |
| Find Cheaper Rates Go | ||
USAA may offer some of the best car insurance rates in Jacksonville at around $948 per year. Electric, Amica, Progressive, and Mercury would also make the list of some of the cheapest Jacksonville, FL car insurance companies.
In the rate table above, if you currently buy coverage from Progressive and switched to USAA, you could see savings of approximately $827. Customers with Mercury may save as much as $966 a year, and Allied insureds might reduce prices by as much as $978 a year.
Understand that those prices are averages for all drivers and vehicles and and are not figured with an exact vehicle garaging location for college students. So the auto insurance company that fits your age and vehicle best may not even be in the list above. That helps illustrate why you need to get auto insurance quotes using your own personalized driver profile and vehicle information.
The type of vehicle driven is one of the main factors when comparison shopping for low-cost insurance for college students. Vehicles with limited speed and performance, a great safety record, or a track record of few liability claims will cost much less to insure than adrenaline junky models.
The information below estimates auto insurance rates for a selection of the cheapest automobiles to insure in Florida.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $2,470 |
| Ford Escape Limited 2WD | $2,508 |
| Volkswagen Jetta S 2.5 Station Wagon | $2,664 |
| Toyota Prius | $2,701 |
| Dodge Grand Caravan CV | $2,773 |
| Ford Explorer Eddie Bauer 2WD | $2,782 |
| Ford Edge SE AWD | $2,891 |
| Ford Focus S 4-Dr Sedan | $2,896 |
| Toyota RAV4 Limited 4WD | $2,929 |
| Chevrolet Impala LT | $2,934 |
| Chevrolet Equinox LS 2WD | $2,929 |
| Toyota Tacoma Double Cab 4WD | $2,939 |
| Jeep Grand Cherokee Laredo 4WD | $2,929 |
| Ford F-150 Lariat Crew Cab 2WD | $2,965 |
| Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr | $3,052 |
| Hyundai Elantra SE 4-Dr Sedan | $3,088 |
| Nissan Altima 2.5 S 4-Dr Sedan | $3,098 |
| Toyota Camry XLE | $3,088 |
| Honda Odyssey EX-L | $3,095 |
| Toyota Corolla XLE | $3,088 |
| Get a Custom Quote Go | |
Table data assumes single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, and claim-free. Price information does not factor in your specific Jacksonville, FL location which can impact auto insurance rates substantially.
Looking at the rates, models like the Honda CR-V, Ford Escape, Volkswagen Jetta, Toyota Prius, and Dodge Grand Caravan are the cheapest vehicles to insure for students in college. The cost of a car insurance policy will tend to be more expensive because there is a higher risk for college students, but in general those models will tend to have the best rates possible.
Should you buy full coverage?
Paying less for auto insurance should be important to the majority of drivers, and a good way to find cheaper insurance for college students is to not buy full coverage. The diagram below shows the difference between insurance premiums with full physical damage coverage compared to only buying liability only. The data is based on no accidents, no driving violations, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.
If all age groups are averaged, physical damage coverage on your policy costs an additional $1,747 per year over liability only. That is a large expense and it proposes the question if paying for full coverage is a waste of money. There isn’t a steadfast formula of when to exclude physical damage coverage on your policy, but there is a general convention. If the yearly cost of full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.
There are some cases where eliminating full coverage is not a good plan. If you still owe money on your vehicle, you must maintain physical damage coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not buy liability only.
Insuring your vehicle with the best car insurance company is hard considering how many companies sell coverage in Florida. The rank data below may help you analyze which insurers to look at when looking for cheaper rates. These ratings are only made up of the largest companies in America, so companies with more of a regional focus are not factored into these rankings.
Top 10 Major Auto Insurance Companies Overall in Jacksonville
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
Top 10 Major Auto Insurance Companies in Jacksonville Ranked by A.M. Best Rating
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- The Hartford – A+
- Allstate – A+
- Nationwide – A+
The diagram below highlights how deductible selection can affect yearly insurance costs when researching cheap insurance for college students. The data assumes a single female driver, comp and collision included, and no discounts are factored in.
In the chart above, a 50-year-old driver could reduce rates by $332 a year by switching from a $100 deductible to a $500 deductible, or save $500 by changing to a $1,000 deductible. Young drivers, like the 20-year-old example, could shave up to $838 each year just by choosing higher deductibles.
If you make the decision to raise deductibles, it is necessary to have plenty of discretionary funds to be able to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
How to find economical insurance for college students
Lowering your rates is not difficult, and here are some of the recommended thrifty solutions that can help you quote more affordable auto insurance.
- Don’t have frequent claims
- Save money by insuring your home and auto with the same company
- Buy safe vehicles
- Raise your physical damage coverage deductibles
- Maintaining good credit helps earn cheaper rates
- Do not waste money insuring older vehicles for full coverage
- Keep rates low by shopping around frequently
The final tip is very necessary, as was affirmed in the article above. Car insurance prices can be modified anytime, so drivers shouldn’t be reluctant to buy a policy from a new company if a better deal can be had. Being loyal to a particular company is commendable, but it isn’t a good idea if that faithfulness ends up costing you big bucks every year. Take a couple minutes and compare prices and find cheaper auto insurance for college students in Jacksonville.