Ocala residents can commute in 19 minutes, and over 40% of households have two cars. Although car insurance rates can vary from one household to the next, the average cost for minimum coverage insurance is $914 annually and $1,993 for full coverage.
By comparing quotes, reviewing third party rankings, and comparing coverages as well as discount options, we found the top car insurance companies in Ocala. Below are the top auto insurance companies in Ocala.
The best car insurance companies Ocala
The table below shows the top Ocala car insurance providers. We compared the average rates for full and minimum coverage. We also compared third party rankings to assess customer satisfaction and the discounts and coverages offered by each company.
| Insurance Company | J.D. J.D. | Average Annual Premium for Minimum Insurance | Average annual premium for full coverage |
|---|---|---|---|
| Allstate | 876 / 1000 | $969 | $2,063 |
| Geico | 871 / 1000 | $819 | $2,013 |
| MetLife | 886 / 1000 | $1,077 | $2,258 |
| Progressive | 856 / 1000 | $1,129 | $2,239 |
| State Farm | 881 / 1000 | $623 | $1,369 |
Allstate
Allstate provides insurance products for Ocala residents, including car, home, and life insurance. Allstate has just over 9% of Florida’s market share and is the fourth-largest insurer in the state by combining insurance products for multipolicy discounts, as well as other qualifying discounts. Allstate scored an average 876 points in J.D. Power 2020 U.S. Auto Claims Satisfaction Study ranked it as the top-rated company in customer satisfaction for the Florida region.
Geico
Geico offers some of the lowest rates among our top picks for car insurance. Geico is also the largest Florida insurer with more than 25% of the market. Geico, like Allstate, offers a variety of insurance products, coverage options, and discounts to make rates in Ocala more affordable.
MetLife
MetLife offers discounts to superior drivers who have a clean driving record and those who have completed a defensive driving class. MetLife, when combined with other insurance products can be an affordable option for Ocala, FL. MetLife was sixth in the Auto Claims Satisfaction Study, scoring 886 points.
Progressive
Progressive holds 20% of the car insurance market in Florida. It is the second-largest insurer. Progressive scores 834 points in Florida for customer satisfaction.
State Farm
State Farm is the cheapest car insurer on our “best” lists. It also holds 14% share of the Florida market, making it the third-largest insurer. State Farm’s average rating in Florida is 826 points. However, it is highly rated for Auto Claims Satisfaction at 881 points.
Ocala has the lowest car insurance
Ocala’s average car insurance rate is higher than the national average annually rate. The average annual cost of minimum coverage insurance in Ocala is $914, compared to $565 nationwide. Florida’s average rate for full coverage is $1.993 compared to the national average of $1,674 per annum.
Ocala residents might pay more than in other states but that doesn’t mean they won’t be able to find the best car insurance rates for their household and driving needs. Below is a list of Florida’s cheapest car insurance companies for full and minimum coverage.
We compared the most well-known carriers in Florida to find the best car insurance. We also looked at each company’s financial strength and customer satisfaction. These companies all have a strong financial history. This means that when it comes time to pay claims, they can do so quickly and in full. These companies offer discounts and coverage options to help Ocala residents get affordable rates from some of the most reputable Florida car insurance companies.
| Insurance Company | Average Annual Premium for Minimum Insurance | Average annual premium for full coverage |
|---|---|---|
| State Farm | $623 | $1,369 |
| Geico | $819 | $2,013 |
| Allstate | $969 | $2,063 |
| MetLife | $1,077 | $2,258 |
| Progressive | $1,129 | $2,239 |
Insurance requirements for Ocala
Florida residents must meet minimum coverage requirements in order to register a vehicle. You must have at least:
- Protection against Personal Injuries up to $10,000
- $10,000 Liability for Property Damage
Ocala car insurance discounts
Ocala residents can save money on their car insurance by applying discounts to their policies. Many car insurance discounts can be combined, so if you are eligible for more than one, they can all be used to reduce your car insurance premiums.
Ask your agent if you are eligible for any discounts when you apply for car insurance.
- Discount on defensive driving: Some companies offer discounts for senior drivers 55 or older if they complete a state-approved defensive driver course.
- A good student discount: Teens and inexperienced drivers can cost a lot. You may be eligible for a great student discount if you have a teenager driver and/or student under 25 years old with a certain grade point average.
- Multi-policy discount: You can get a multi-policy discounted if you own a car, rent or lease it, and you insure both of them with the same company. You might also be eligible for additional discounts if you have a boat, golf cart, or life insurance with one carrier.
- Safety features Discount: Vehicles equipped with anti-lock brakes or anti-theft devices, side curtains airbags or other safety features could be eligible for additional discounts
- Vehicle safety discount: The higher the safety rating and history of claims for your vehicle, the greater the savings you can make on car insurance.
Questions frequently asked
Which is the best auto insurance company?
A company that is financially strong, provides excellent customer service, and has high claims satisfaction is the best car insurer. The lowest rates are offered by some of the top Ocala car insurance companies. This means that you don’t need to forgo coverage in order to get affordable premiums.
What is the cost of car insurance in Ocala?
Every household has its own driving history and insurance requirements. Ocala’s average annual cost for car insurance with minimum coverage is $914. Full coverage costs $1,993. The many factors that insurance companies consider when determining rates in Florida can affect your rate.