Florida’s average car insurance premiums are the highest in the country . Drivers pay $2,364 annually to get full coverage and $1,101 for minimum coverage. Orlando drivers pay slightly more for auto insurance. The average car insurance rate is $2,405 for full coverage, and $1,210 for minimum coverage. Orlando drivers might need to get quotes from multiple carriers in order to find affordable auto insurance.
Bankrate’s editorial team compiled the most current premium information from the top insurance companies in Orlando. To find the most affordable car insurance in Orlando, FL, we also looked at customer service scores and ratings for claims handling, financial strength ratings, and coverages and discounts.
Orlando’s best car insurance companies
It is not enough to find the lowest possible price for Orlando car insurance. It is important to work with an insurance company that responds quickly to your claims and offers support after an accident. These are the top car insurance companies Orlando based on our research:
|Insurance company||J.D. J.D.|
|Minimum coverage: Average annual premium||For full coverage, the average annual premium|
|Geico||846 / 1000||$844||$1,991|
|State Farm||826 / 1000||$940||$1,849|
|Allstate||851 / 1000||$1,262||$2,595|
|Progressive||834 / 1000||$1,392||$2,523|
Geico’s rates are a good option for those looking for low-cost minimum coverage car insurance in Orlando. The Geico coverage calculator allows you to choose a level of coverage and calculates your monthly payments.
Geico customers are generally happy with the company’s customer services. In the 2020 J.D. Power Auto Insurance Study. The company has an A++ financial strength rating by AM Best.
Find out more about Geico Insurance Review
Although State Farm’s minimum coverage is slightly higher than Geico’s, it provides the best full coverage car insurance in Orlando. You get a lot of value for your money. If your car is stolen, or declared total loss, the Payment Protector option from the carrier will pay the entire value of the vehicle.
State Farm offers many discounts including options like Payoff Protector and roadside assistance.
Find out more about State Farm Insurance Review
According to J.D., Allstate is the highest-rated company in Florida for customer satisfaction. Power. Customers loved the low prices, the ease of the claims process, and the wide range of coverage options. Allstate offers a variety of coverage options, including online and phone filings.
Customers looking for an agent to guide them in their insurance decisions may find the large network of local agents appealing. There is an Orlando Allstate agent near you that can help with any questions, filing, or tracking a claim.
Learn more: Allstate Insurance Review
Although Progressive is a low-cost carrier, its rates in Orlando are much higher than the average. It is still a top-rated provider of cheap car insurance in Orlando. Customers love the Name your Price web tool. Enter the amount you wish to pay, and then choose from a variety of coverage options that best suit your needs.
For drivers who have had a history with accidents or claims, Progressive may be the right choice. Progressive’s Snapshot Program lets you track driving habits using your mobile phone and gives you extra savings for safe driving.
Find out more about Progressive Insurance Review
Orlando has the lowest car insurance
Florida’s average premium for auto insurance is $1,101 for minimal coverage and $2,364 to cover full coverage. This is the state with the highest car insurance rates. Orlando drivers pay more for insurance with an average annual full coverage cost of $2,405 and an average minimum coverage cost of $1,210.
Below is a table that shows the most affordable car insurance companies in Orlando. This table includes the top-rated companies by market share. The actual price of cheap Orlando auto insurance will vary depending on what your rating factors are, such as your age, driving record, and the type of car that you drive.
|Insurance company||Minimum coverage: Average annual premium||For full coverage, the average annual premium|
While finding a affordable auto insurance company can be a significant consideration for many drivers when it comes car insurance, it’s not the only thing you should consider. Before you choose an insurance carrier, it is important to consider the financial strength of the company, customer service reviews and coverage options.
Orlando insurance requirements
Florida’s state law requires drivers in Orlando to have liability and personal injury coverage. Florida is sixth in the country for non-insured motorists. You might also consider uninsured motorist coverage. These are the minimum amounts:
- Bodily Injury: $10,000 per Person and $20,000 per Accident
- Property damage: $10,000 per accident
- Uninsured motorist coverage: $10,000 per individual and $20,000 per accident
- Personal injury coverage: $10,000
Florida doesn’t require bodily injury coverage from auto insurance. You could show proof that you have a bond to comply with the ” financial accountability law“, but most drivers will purchase auto insurance to get the required limits. Driving with Florida’s minimum limits is risky. You will be responsible for any damages beyond your insurance limits if you cause an accident. Insurance agents will recommend you buy higher liability limits. If you have a vehicle loan or lease, you may need full coverage.
Orlando car insurance discount
Many insurance companies offer discounts for policyholders. Orlando residents may find the following discounts useful:
- Student discounts: Orange County has the large employers like The Walt Disney Company and Universal Studios. These organizations often offer discounts to employees through certain insurance companies.
Every company offers different discounts so it’s worth speaking to your agent or an employee from the customer service department of your insurance company to identify savings opportunities you might be eligible for.
Questions frequently asked
Which is the best auto insurance company?
There is no one best car insurance provider. Every person’s needs are unique and rates can vary based on credit scores, driving record, and insurance type. To find the best insurance provider for you, it is a good idea get quotes from several insurers.
What is the cost of car insurance in Orlando?
Car insurance in Orlando costs an average of $1,210 for minimum coverage, and $2,405 to cover full coverage. There are many ways to save on car insurance in Orlando. Your individual credit score will affect the premiums.
Why is Florida so expensive for car insurance?
Florida is the most expensive state for car insurance. The high cost of auto insurance can be due to several factors. Florida is a no-fault insurance state. This means that there are different insurance requirements in these states, which can lead to higher insurance costs. In Orange County, there are more than a million vehicles and many tourists. This increases the risk of an accident. In Orange County alone, there were over 32,000 accidents, with more than 14,000 of them involving injuries.