This article would sure be shorter if we could simply give you the name of the one best car insurance company that has the lowest rates in Florida. That is not the case, however, as there are a lot of unknown factors like the number of miles you drive each year, your gender, if you are a homeowner, and the safety ratings of your vehicle, that all impact the price you pay. In this article, we will teach you about the types of situations that result in high rates and hopefully give you enough understanding to have a good beginning to your quest for cheaper car insurance in Florida.
The vehicle model driven is one of the main factors when shopping for the best auto insurance for teenagers. Vehicles with lots of horsepower, poor passenger safety features, or high incidents of liability claims will cost substantially more to insure than safer models. The next list estimates insurance rates for some of the most affordable vehicles to buy insurance for.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 2WD | $4,413 |
| Honda CR-V EX-L 2WD | $4,457 |
| Honda Accord EX-L 4-Dr Sedan | $4,747 |
| Toyota Prius | $4,794 |
| Jeep Wrangler Sahara 4WD 2-Dr | $4,945 |
| Ford Focus SE 4-Dr Sedan | $5,190 |
| Chevrolet Impala LT | $5,235 |
| Jeep Grand Cherokee Laredo 4WD | $5,245 |
| Toyota Camry LE | $5,235 |
| Chevrolet Equinox LS AWD | $5,242 |
| Volkswagen Jetta S 4-Dr Sedan | $5,235 |
| Toyota RAV4 2WD | $5,242 |
| Chevrolet Malibu LT | $5,282 |
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Data variables include single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, and safe-driver. Table data does not factor in garaging location in Jacksonville, FL which can modify prices greatly.
Looking at the data, we can tell that vehicles like the Ford Escape, Honda CR-V, Honda Accord, Toyota Prius, and Jeep Wrangler will be the most budget-friendly vehicles to insure for teen drivers. The price for car insurance will trend higher just because there is more risk for teenagers, but generally speaking those models will have the lowest prices possible.
Establishing which company offers the most affordable auto insurance rates for teenagers will take a little more work in order to find the lowest price quote.
Every car insurance company uses a slightly different approach to determine rates, so we’ll take a look at the auto insurance companies with the overall best prices in Florida. It’s a good idea to be aware that Florida auto insurance rates are determined by lots of factors that control the policy premium. Simply having a birthday, getting divorced, or having a fender bender can cause premium changes that can now make some companies cheaper than before.
Cheapest Insurance Rates for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $977 |
| 2 | Electric | $1,712 |
| 3 | Amica | $1,764 |
| 4 | Progressive | $1,847 |
| 5 | Travelers | $1,945 |
| 6 | Mercury | $1,973 |
| 7 | Allied | $1,985 |
| 8 | Esurance | $2,020 |
| 9 | State Farm | $2,131 |
| 10 | Auto-Owners | $2,149 |
| 11 | GEICO | $2,172 |
| 12 | Allstate | $2,317 |
| 13 | 21st Century | $2,445 |
| 14 | Windhaven Insurance | $2,575 |
| 15 | Hanover | $2,964 |
| 16 | MetLife | $2,988 |
| 17 | Safeco | $3,016 |
| 18 | Liberty Mutual | $3,131 |
| 19 | United Automobile | $3,422 |
| 20 | Direct General | $4,062 |
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USAA may have some of the most affordable car insurance rates in Jacksonville at around $977 per year. Electric, Amica, Progressive, and Travelers are also some of the cheaper Jacksonville, FL car insurance companies.
In this example, if you are insured with Electric and switched to USAA, you might achieve a yearly savings of in the neighborhood of $735. Customers with Amica could save as much as $787 a year, and Progressive customers might realize rate reductions of up to $870 a year.
Understand that those prices are averages for all types of drivers and the different vehicles they drive and and are not figured with an exact vehicle garaging location for teenagers. So the auto insurance company that is best suited for you may not even be in the top 21 companies shown above. That affirms the importance of why you need to get car insurance quotes using your own personal information and vehicle type.
For teen drivers, one of the more important criteria that aid in calculating insurance cost is where you keep your car in Jacksonville. Regions with larger populations or more claims are more likely to have higher rates, whereas areas that tend to be more rural benefit from lower coverage costs.
The information below ranks the most expensive cities in Florida for teenagers to buy an auto insurance policy in. Jacksonville is ranked #17 with an annual cost of $2,040 for the average policyholder, which is about $170 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Hialeah | $3,595 |
| 2 | Miami | $3,273 |
| 3 | Miami Gardens | $3,149 |
| 4 | Miami Beach | $3,043 |
| 5 | Tampa | $2,636 |
| 6 | Hollywood | $2,630 |
| 7 | Miramar | $2,629 |
| 8 | West Palm Beach | $2,625 |
| 9 | Pompano Beach | $2,595 |
| 10 | Fort Lauderdale | $2,576 |
| 11 | Davie | $2,523 |
| 12 | Coral Springs | $2,474 |
| 13 | Pembroke Pines | $2,431 |
| 14 | Brandon | $2,392 |
| 15 | St. Petersburg | $2,286 |
| 16 | Clearwater | $2,194 |
| 17 | Jacksonville | $2,040 |
| 18 | Spring Hill | $2,039 |
| 19 | Orlando | $2,029 |
| 20 | Port St. Lucie | $1,975 |
| 21 | Cape Coral | $1,917 |
| 22 | Lakeland | $1,845 |
| 23 | Palm Bay | $1,786 |
| 24 | Tallahassee | $1,731 |
| 25 | Gainesville | $1,680 |
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Table data uses approximated as the specific garaging location can alter rates significantly.
Types of discounts on Jacksonville auto insurance
Insurers that sell policies for teenagers may additionally offer policy discounts that can reduce rates by as much as 25% or more if you meet specific criteria. Popular auto insurance companies and the discounts they provide can be found below.
- State Farm may include discounts for Steer Clear safe driver discount, defensive driving training, good driver, accident-free, good student, driver’s education, and multiple policy.
- GEICO offers discounts including emergency military deployment, membership and employees, multi-vehicle, defensive driver, anti-lock brakes, anti-theft, and military active duty.
- Progressive discounts include good student, online quote discount, multi-policy, continuous coverage, and online signing.
- 21st Century has discounts for 55 and older, automatic seat belts, early bird, student driver, anti-lock brakes, air bags, and good student.
- American Family includes discounts for defensive driver, multi-vehicle, bundled insurance, Steer into Savings, mySafetyValet, and accident-free.
- The Hartford may offer discounts for driver training, anti-theft, defensive driver, vehicle fuel type, and bundle.
- AAA policyholders can earn discounts including multi-policy, pay-in-full, multi-car, anti-theft, and education and occupation.
The example below shows the difference between insurance costs with and without discounts applied to the rates. The rates are based on a male driver, no violations or accidents, Florida state minimum liability limits, full physical damage coverage, and $500 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with continuous coverage, good student, anti-theft, passive restraint, paperless filing, and paid-in-full discounts applied. When drivers qualify for the discounts, theamount saved on auto insurance for teenagers is 28% or $698.
Impact of speeding/accidents on Jacksonville auto insurance rates
The obvious way to snag affordable auto insurance premiums in Jacksonville for teen drivers is to be an attentive driver and avoid accidents and traffic citations. The illustration below demonstrates how citations and at-fault collisions can increase premium costs for different ages of insureds. Data assumes a single male driver, comp and collision included, $500 deductibles, and no additional discounts are factored in.
The data in the chart shows the average cost of a car insurance policy in Florida per year with no accidents or violations is $2,619. Receive two speeding tickets and the average cost hikes up to $3,461, an increase of $842 each year. Now get two accidents along with the two speeding tickets and the yearly cost of auto insurance for teenagers jumps again to an average of $6,784. That’s an increase of $4,165, or $347 per month, just for not being more responsible behind the wheel!
The importance of comparing Jacksonville car insurance rates
Jacksonville, FL auto insurance rates are impacted by many factors that control the cost of your policy. Simply improving your credit, moving to a new city, or getting a DUI may cause policy rate changes that can now make some companies cheaper than competitors.
In addition, insurance companies file new rates as needed to adjust for gains or losses. An extended period of higher than normal claims can result in rate hikes, while lower claims can produce lower-priced Jacksonville car insurance rates.
To help illustrate this point, the graph below demonstrates which company has the cheapest car insurance in Jacksonville, FL for a 45-year-old female driver with no prior accidents, a clean driving record, and good credit. If we estimate rates based on her personal risk profile, USAA might quote the best car insurance rates in Jacksonville at $1,151 each year. This is $1,297 less than the average policy premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers round out the rest of the cheapest Jacksonville, FL auto insurance companies.
The next chart shows rates after we give the driver from the first set of rates a claim or two, less-than-perfect credit, and a traffic ticket or two. Since each insurance company has a unique approach to determine rates, analyzing rate quotes will most likely result in a different ranking of affordable Jacksonville car insurance companies as shown below.
USAA now has the best insurance rate in Jacksonville, FL with Allied, Esurance, State Farm, and GEICO also having competitive pricing. This example demonstrates why consumers need to take the time to shop around to find the best car insurance quotes for teenagers. Rates can be altered by many risk factors and can decrease or increase without notice, so the most affordable company the last time you checked may now be quite expensive.