Things would sure be easy if we could tell you the company that has the rock bottom lowest rates in Florida. It’s just not that simple, as there are a whole bunch of unknowns like if you have ever had a gap in coverage, what level of deductibles you need, and if you own a home, that all impact the cost of coverage. This article goes into detail about the best ways to avoid high prices and also should give you a good beginning to your quest for cheaper car insurance in Florida.
Deciding which company has the best insurance rates for drivers with bad credit takes more time than just comparing rates from one or two companies. Each auto insurance company used slightly different criteria to determine premium rates, so to begin we’ll rank the insurance companies with the overall best prices in Florida.
Best Auto Insurance Prices with Bad Credit
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $977 |
| 2 | Electric | $1,712 |
| 3 | Amica | $1,712 |
| 4 | Progressive | $1,847 |
| 5 | Travelers | $1,869 |
| 6 | Allied | $1,926 |
| 7 | Mercury | $1,933 |
| 8 | Esurance | $2,040 |
| 9 | GEICO | $2,108 |
| 10 | State Farm | $2,131 |
| 11 | Auto-Owners | $2,149 |
| 12 | Allstate | $2,411 |
| 13 | 21st Century | $2,445 |
| 14 | Windhaven Insurance | $2,549 |
| 15 | Hanover | $2,934 |
| 16 | MetLife | $2,958 |
| 17 | Safeco | $2,987 |
| 18 | Liberty Mutual | $3,039 |
| 19 | United Automobile | $3,527 |
| 20 | Direct General | $4,062 |
| Quote Your Rates Go | ||
USAA has some of the most affordable car insurance rates in Jacksonville at around $977 a year. This is $1,471 less than the average rate paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers also qualify as some of the cheaper Jacksonville, FL auto insurance companies.
As shown above, if you currently buy coverage from Progressive and switched to USAA, you could see an annual premium reduction of in the vicinity of $870. Insureds with Travelers may save as much as $892 a year, and Allied customers might reduce prices by as much as $949 a year.
Remember that these prices are averages for all drivers and vehicles in Florida and do not take into consideration a vehicle location for drivers with bad credit. So the insurer that can offer you the best price may not even be in the top 21 companies shown above. That illustrates why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.
The car, truck, or SUV that needs insurance is one of the main factors when trying to find the cheapest car insurance for drivers with bad credit. Vehicles with high performance engines, poor passenger safety features, or high incidents of liability claims will cost significantly more to insure than safer, lower-performance models.
The table below outlines coverage prices for some of the cheapest vehicles to insure in Florida.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord EX-L 4-Dr Sedan | $1,239 |
| Ford Escape XLS 2WD | $1,249 |
| Toyota Prius | $1,263 |
| Toyota Tacoma 4WD | $1,275 |
| Honda CR-V EX 4WD | $1,318 |
| Chevrolet Equinox LS 2WD | $1,350 |
| Dodge Grand Caravan Hero | $1,357 |
| Ford Explorer Limited AWD | $1,374 |
| Chevrolet Malibu LT | $1,380 |
| Hyundai Elantra SE Touring Station Wagon | $1,390 |
| Honda Odyssey LX | $1,415 |
| Chevrolet Impala LTZ | $1,422 |
| Ford Focus SE 4-Dr Sedan | $1,446 |
| GMC Sierra 2500HD SLE Crew Cab 4WD | $1,456 |
| GMC Sierra SLE Crew Cab 4WD | $1,446 |
| Jeep Wrangler Unlimited Sahara 4WD 4-Dr | $1,463 |
| Volkswagen Jetta SE 2.5 Station Wagon | $1,467 |
| Toyota RAV4 Sport 2WD | $1,520 |
| Honda Civic EX 4-Dr Sedan | $1,528 |
| Kia Optima EX | $1,544 |
| Get a Custom Quote Go | |
Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Premium amounts do not factor in zip code location which can influence insurance rates significantly.
Based upon the table data, we can infer that models like the Honda Accord, Ford Escape, and Toyota Prius are most likely to be the less-costly vehicles to insure for people with poor credit. The price for car insurance will tend to be more expensive because of the fact that there is more liability exposure for drivers with bad credit, but generally speaking those particular vehicles will tend to have the lowest prices available.
Insuring your vehicle with the top car insurance provider can be rather challenging considering how many choices you have in Florida. The information shown next could help you select which car insurance companies you want to consider comparing rates from. These rankings include the companies with a significant amount of written premium nationwide, so companies that focus mainly on Florida business will not be 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 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Does it make sense to buy full coverage?
Finding the cheapest insurance is probably important to the majority of drivers, and an easy way to pay less for insurance for drivers with bad credit is to not pay for full coverage. The illustration below illustrates the comparison of yearly insurance costs with full coverage and liability only. The data is based on no claims or driving citations, $100 deductibles, single status, and no policy discounts are applied.
As an average, full coverage costs $2,656 per year more than carrying just liability coverage. That amount may make you wonder if physical damage coverage is worth the money. There is no exact formula of when to exclude comp and collision coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.
There are some scenarios where removing full coverage is not recommended. If you still owe a portion of the original loan, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should keep full coverage in place.
If you aren’t clear which coverage you need and would like to have some professional guidance when shopping around for cheaper insurance for people with poor credit, the insurance agencies below are a good start to help you decide which insurance coverage will be best for you. To locate a Jacksonville auto insurance agent near you, click the link after the list.
Rosetta’s Insurance Agency, Inc.
6715 Wilson Blvd – Jacksonville, FL 32210 – (904) 677-0441
Contemporary Affordable Insurance Agency
212 E Forsyth St – Jacksonville, FL 32202 – (904) 350-0014
Luten Insurance Agency
3811 Blanding Blvd – Jacksonville, FL 32210 – (904) 771-6400
Parvez Sahotra – State Farm Insurance Agent
3267 Hodges Blvd #14 – Jacksonville, FL 32224 – (904) 221-1161
David Beam – State Farm Insurance Agent
10400 San Jose Blvd Ste 2 – Jacksonville, FL 32257 – (904) 379-4156
More Jacksonville, FL insurance agents
How to find budget-friendly insurance for drivers with bad credit
Here are some money-saving ideas that can help drivers locate more affordable coverage.
- Buy vehicles with good safety ratings
- Staying accident-free helps keep rates low
- Frequent claims will increase rates
- Good credit can help you save money
- Violations like speeding or DUI increase rates
- Compare rates and switch if you can find a better deal
The last tip in the list is certainly necessary, as was pointed out in this write-up. Prices change frequently, so don’t hesitate to buy from a new company if a more affordable price is available.
Brand loyalty is great, but it’s not a good idea if that loyalty ends up costing a small fortune year after year. It takes less than five minutes to compare prices and find cheaper insurance for drivers with bad credit in Jacksonville.