Cheapest car insurance companies in Orlando
Nationwide and State Farm offer the cheapest car insurance rates in Orlando for 2023, according to a study by Insurance.com.
In Orlando, Nationwide provides the cheapest auto insurance rates to drivers at an average annual premiumThe payment required for an insurance policy to remain in force. Auto insurance premiums are quoted for either 6-month or annual policy periods. of $2,086 annually.
In Orlando, what you pay for car insurance depends on factors such as your location, driving history, coverage level, and the insurance carrierAn insurance carrier is the company that provides your car insurance policy and pays claims.. Take time to compare price quotes from at least three insurers to get the best coverage at an affordable rate. The table below shows the car insurance companies with cheap insurance rates.
| Companies | Average annual rates |
|---|---|
| Nationwide | $2,086 |
| State Farm | $2,122 |
| Geico | $2,172 |
| Travelers | $2,425 |
| Progressive | $2,895 |
| United Automobile Insurance | $3,259 |
| Farmers | $3,596 |
| Mercury Insurance | $3,668 |
| National General Insurance | $3,678 |
| Allstate | $4,017 |
Cheapest car insurance cost in Orlando by Age Group
The cheapest auto insurance company in Orlando for teen drivers is State Farm. For full coverage, its average annual rate for Orlando drivers is $5,712. Insurance companies put teenagers in the category of high-risk drivers, and as a result, they are charged higher rates for insurance.
Teenagers can lower their insurance costs by strategically utilizing the good student discount or remaining listed as a driver on their parent's policy.
Among the carriers analyzed, Nationwide is the cheapest car insurance option for young drivers in Orlando, at $2,857 a year for a full coverage policy.
As Orlando drivers transition into their 30s, they can enjoy significantly lower auto insurance costs compared to their 20s. Nationwide stands out as the cheapest car insurance option for adult drivers, with an annual premium of $2,042.
Geico is the cheapest option for senior drivers in Orlando, with an average premium of $1,998 a year, significantly lower than most competitors, based on Insurance.com's in-depth data analysis.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| Mercury Insurance | N/A | $5,487 | $3,797 | $3,694 |
| State Farm | $5,712 | $3,425 | $2,122 | $2,056 |
| Geico | $5,997 | $3,700 | $2,217 | $1,998 |
| Nationwide | $6,645 | $2,857 | $2,042 | $2,111 |
| Progressive | $7,666 | $4,290 | $2,846 | $2,903 |
| National General Insurance | $7,792 | $5,192 | $3,768 | $3,714 |
| Travelers | $8,084 | $3,730 | $2,444 | $2,423 |
| United Automobile Insurance | $8,168 | $4,677 | $3,306 | $3,173 |
| Allstate | $9,576 | $5,811 | $4,068 | $3,960 |
| Farmers | $9,782 | $5,524 | $3,726 | $3,571 |
Cheapest car insurance companies in Orlando by driver profile
Your driving profile plays an important role in determining your car insurance rates in Orlando. Those with past accidents, speeding tickets, or other traffic citations on their record can expect increased insurance rates compared to drivers with clean driving records.
When it comes to finding the cheapest car insurance rates in Orlando, make sure you compare insurance quotes from various insurers. By comparing rates from multiple providers, you can get the coverage you need while saving money.
Here are some of the cheapest car insurance companies in Orlando based on driver profile.
- Cheapest for a driver with poor credit: Geico
- Cheapest for a driver with a speeding ticket: State Farm
- Cheapest for accident: State Farm
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: Geico
The cheapest car insurance company for a driver with poor credit is Geico. It offers auto insurance for Orlando drivers at about $2,709 per year.
Below is a list of carriers that offer car insurance at an affordable rate for drivers with poor or less-than-perfect credit scores.
| Company | Average annual rates |
|---|---|
| Geico | $2,709 |
| State Farm | $3,118 |
| Nationwide | $3,314 |
| Travelers | $4,053 |
| Progressive | $4,426 |
| Allstate | $5,341 |
| Farmers | $5,404 |
Cheapest for drivers with a speeding ticket: State Farm
Based on recent data analysis, 30-year-old drivers in Orlando with speeding tickets on their driving record can get the cheapest car insurance rates from State Farm at an annual cost of $1,821.
Find the best car insurance company for your needs by comparing quotes from different carriers. Don't assume that the cheapest option for someone else will also be the cheapest for you. Take the time to shop around and get the coverage that best suits your needs.
| Company | Average annual premium |
|---|---|
| State Farm | $1,821 |
| Geico | $2,448 |
| Travelers | $2,946 |
| Allstate | $3,027 |
| Nationwide | $3,278 |
| Progressive | $4,040 |
| Farmers | $4,492 |
Cheapest auto insurance after an at-fault accident: State Farm
State Farm is the cheapest auto insurance provider for drivers with a history of accidents. Its average annual rate for a driver with an at-fault accident in Orlando is $1,948. If you've had an accident in the past, it's important to find a provider that offers rates that are affordable and won't hurt your pocket.
| Company | Average annual rates |
|---|---|
| State Farm | $1,948 |
| Geico | $2,247 |
| Travelers | $2,951 |
| Nationwide | $3,277 |
| Progressive | $4,834 |
| Allstate | $4,926 |
| Farmers | $5,521 |
Cheapest auto insurance after a DUI: State Farm
State Farm is the cheapest option for Orlando drivers seeking affordable auto insurance rates after a DUI conviction, at an annual rate of $1,821, on average.
Following a DUI conviction, it's likely that your auto insurance premiums will increase. To get affordable premiums, compare car insurance quotes from various providers. Comparison shopping can help you find the best possible offer.
| Company | Average annual rates |
|---|---|
| State Farm | $1,821 |
| Geico | $3,513 |
| Travelers | $3,769 |
| Progressive | $3,987 |
| Farmers | $4,147 |
| Allstate | $4,528 |
| Nationwide | $5,465 |
Average car insurance cost in Orlando
The average car insurance rate in Orlando for full coverage is $2,835 per year or $236 a month. These rates are for coverage levels of 100/300/100. Whereas the average rate for state minimum coverage in Orlando is $1,096 per year.
Full coverage insurance costs more than the state minimum, but it provides comprehensive coverage for your car and coverage for other driver’s vehicle. To reduce your premium, you might want to compare quotes from various insurance companies.
| Average annual Rates | $2,835 |
| State minimum average | $1,096 |
Methodology
Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington, D.C. Rates are based on the following profile:
- 40-year-old male driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.
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