Cheapest car insurance in Ocala, FL
From thorough research, I can recommend Stata Farm as the best cheap car insurance company in Ocala.
Ocala, a charming city in Florida, is known for its scenic beauty and welcoming community. It serves as a gateway to adventure for many visitors, attracting nature enthusiasts and outdoor explorers. With a considerable number of vehicles in Ocala, it’s essential to find reliable and affordable car insurance.
The average annual cost of auto insurance in Ocala is around $2,158 falling below the state average in Florida ($2,796) but exceeding the national average ($1,752).
In this review, we will guide you in finding the best overall option for affordable coverage (State Farm), the most budget-friendly choice for full coverage (Travelers), the least expensive option for minimum coverage (GEICO), the ideal solution if you have driving violations (USAA), and the most cost-effective option for seniors (Progressive). With these insights, you can navigate the car insurance landscape in Ocala and secure the coverage that suits your needs and budget.
Cheapest and best car insurance companies in Ocala, FL 2024
Compare the cheapest car insurance companies in Ocala, FL
| Overall Rating | Best For | J.D. Power Rating (Florida) | AM Best Rating | Average Annual Cost | Get A Quote | |
|---|---|---|---|---|---|---|
| State Farm |
|
Cheapest Overall |
840 |
A++ |
$1,538 |
Instant Quote |
| Travelers |
|
Full Coverage |
818 |
A++ |
$1,903 |
Instant Quote |
| GEICO |
|
Cheapest Minimum Coverage |
833 |
A++ |
$553 |
Instant Quote |
| USAA |
|
Cheapest for Driving Violations |
884 |
A++ |
$851 Increase After Violation |
Instant Quote |
| Progressive |
|
Seniors |
810 |
A+ |
$1,720 |
Instant Quote |
| GEICO |
|
Young Drivers |
833 |
A++ |
$4,324 |
Instant Quote |
Our methodology
In our search for the cheapest car insurance rates in Ocala, we gathered information from various car insurance review sites. These sites analyzed rates from public filings provided by Quadrant Information Services. Our review considers the average of those rates. However, it's important to remember that rates can change often and vary depending on your specific situation. Additionally, the overall rating is based on my personal perspective, which stems from fifteen years of experience as a licensed insurance agent, fourteen years as a Florida resident, and over three decades of obtaining car insurance.
Quotes Analyzed
Years Of Experience
Brands Reviewed
Research Hours
Cheapest car insurance companies in Ocala, FL
Cheapest Overall
Key Statistics
Why We Like Them
⇅In our quest to find affordable car insurance in Ocala, Florida, we discovered that State Farm stood out in all aspects. Their average rate, covering both minimum and full coverage, proved to be the most economical overall.
With almost a century of experience in insuring vehicles, State Farm takes pride in having the most local offices among all insurers in the United States. They offer a variety of features and unique options that drivers can benefit from:
Wide range of coverage options: State Farm provides standard coverage as well as additional choices like rental car reimbursement, roadside assistance, travel expense insurance, and rideshare insurance.
Telematics program: State Farm’s telematics program allows them to remotely monitor the driving habits of insured individuals. By practicing safe driving, policyholders can qualify for discounted rates. This program is especially helpful for drivers with limited experience, aiming to save on costs.
Strong industry reputation and customer service: State Farm holds the highest AM Best ratings for financial strength (A++ Superior) and consistently receives positive ratings in J.D. Power’s studies of insurers operating in Florida.
Benefits & Drawbacks
⇅- Discount for usage-based insurance
- Wide network of local agents nationwide
- Numerous discount options available for teenagers and students ✓
- Higher annual rates for drivers with low credit scores ✘
Cheapest Overall Rates in Ocala
| Company | Rate Per Year |
| State Farm | $1,538 |
| Travelers | $1,587 |
| Progressive | $1,798 |
| GEICO | $2,067 |
| Allstate | $2,012 |
Cheapest For Full Coverage
Key Statistics
Why We Like Them
⇅When it comes to affordable full coverage in Ocala, Travelers stands out as the top choice. Full coverage typically includes:
- $100,000 bodily injury liability coverage per person
- $300,000 bodily injury liability coverage per accident
- $50,000 property damage liability coverage per accident
- $100,000 uninsured motorist bodily injury coverage per person
- $300,000 uninsured motorist bodily injury coverage per accident
- Collision coverage with a $1,000 deductible
- Comprehensive coverage with a $1,000 deductible
Travelers is a well-established name in the insurance industry, offering car insurance nationwide. What sets them apart is their ability to work with independent agents and provide multiple products under one insurer.
Two notable features of Travelers are their gap insurance, which safeguards your car lease or loan in the event of a total loss, and their Responsible Driver Plan. This plan forgives one accident and one minor violation within a specified timeframe, ensuring that your rates remain unaffected by these incidents.
Benefits & Drawbacks
⇅- Affordable rates for comprehensive coverage
- Wide range of coverage options to choose from
- One of the largest insurance providers in the United States ✓
- Customer satisfaction ratings below average
- Rideshare insurance not available in Florida ✘
Cheapest Full Coverage in Ocala
| Company | Rate Per Year |
| Travelers | $1,903 |
| State Farm | $1,464 |
| Progressive | $1,798 |
| GEICO | $2,067 |
| Allstate | $2,012 |
Cheapest for Driving Violations
Key Statistics
Why We Like Them
⇅If you’ve ever been pulled over and received a ticket, you probably noticed that your car insurance rates went up, especially if you were a younger driver. The seriousness of the offense, like DUI, DWI, or reckless driving, often determines how much your rates increase.
When it comes to forgiving driving violations, USAA shines. While drivers with a history of violations may still see rate increases with USAA, they tend to be smaller compared to other auto insurers.
USAA offers standard liability coverage, comprehensive insurance, and collision insurance, just like other car insurance companies. They also provide popular additional coverage options such as roadside assistance, rental car and travel reimbursement, and accident forgiveness.
However, it’s important to keep in mind that USAA is exclusively available to active military personnel, veterans, and their families.
Benefits & Drawbacks
⇅- Top-rated for customer satisfaction according to J.D. Power
- Convenient one-stop-shop for insurance, investing, and banking products ✓
- Limited eligibility, only available to veterans, active military personnel, and their family members ✘
Cheapest for Rate Increase After a Driving Violation
| Company | Annual Increase |
| USAA | $858 |
| State Farm | $1,536 |
| Allstate | $1,910 |
| GEICO | $1,997 |
| MetLife | $2,112 |
Cheapest for Minimum Coverage
Key Statistics
Why We Like Them
⇅In our investigation of Ocala’s car insurance scene, we unearthed GEICO as the champion of affordability, offering the most wallet-friendly average rates for state minimum coverage. In Florida, drivers are obliged to carry at least $10,000 in property damage liability insurance and $10,000 in personal injury protection (PIP). Notably, bodily injury liability coverage is not a mandatory requirement for Florida drivers.
GEICO consistently outshines its competitors in various aspects, including stellar customer service, efficient claims handling, positive customer recommendations, policy renewals, and unwavering customer loyalty. As the second-largest auto insurance company in the United States, GEICO has built a reputation for providing competitive rates to consumers through both online platforms and phone interactions.
GEICO generously showers drivers with a multitude of discounts, making it an attractive choice, particularly for Ocala residents with older vehicles who seek to trim expenses by adhering to Florida’s minimum mandatory auto insurance standards. Moreover, managing your policy is a breeze thanks to GEICO’s intuitively designed website and mobile app.
Benefits & Drawbacks
⇅- Impressive J.D. Power score for customer satisfaction
- Easy-to-use website and mobile app
- Abundance of discount opportunities ✓
- Lack of gap or rideshare insurance coverage
- Limited availability of local agents ✘
Cheapest for Minimum Coverage
| Company | Rate Per Year |
| GEICO | $553 |
| State Farm | $585 |
| Travelers | $697 |
| Allstate | $876 |
| Progressive | $1,077 |
Cheapest for Seniors
Key Statistics
Why We Like Them
⇅Senior drivers in Ocala can rejoice, as they often benefit from some of the most affordable car insurance rates among different age groups. Our research has uncovered Progressive as the provider with the lowest rates specifically designed for seniors.
As the nation’s third-largest auto insurance company, Progressive stands out by offering a wide range of coverage options and an extensive selection of discounts. Their coverage goes beyond the norm, including specialized features like rideshare insurance and coverage for pets injured in car accidents. Additionally, Progressive provides unique coverage types that many other insurers don’t, such as gap insurance and rideshare insurance.
Progressive values its long-term policyholders and demonstrates loyalty towards them. Drivers who have been insured with Progressive for five years or more without any accidents won’t experience premium increases for larger claims. Customers also have the opportunity to purchase accident forgiveness insurance, allowing for the forgiveness of more than one accident.
Benefits & Drawbacks
⇅- Holds the esteemed position as the third-largest auto insurance company in the United States
- Includes coverage for veterinary expenses if pets are injured in car accidents
- Offers specialized rideshare coverage ✓
- Falls below average in customer satisfaction ratings according to J.D. Power
- Limited availability through a select network of agents ✘
Cheapest Coverage for Seniors
| Company | Rate Per Year |
| Progressive | $1,720 |
| Travelers | $1,864 |
| Nationwide | $1,286 |
| Farmers | $2,130 |
| Mercury | $1,740 |
Cheapest for Young Drivers
Key Statistics
Why We Like Them
⇅Young drivers in Ocala face the highest car insurance rates due to their limited experience on the road and increased chances of accidents.
Among the insurance providers in Ocala, GEICO shines as the most affordable option for young drivers, offering an average premium of $3,451. While this provides the lowest rates available for teens and young adults, it can still present financial obstacles.
Fortunately, GEICO is well-known for its generosity in offering discounts. Young drivers can qualify for various discounts, such as the good student discount, which rewards academic excellence with up to 15% off. Additionally, they can enjoy a safe-driver discount of up to 22% for maintaining a clean driving record, and a new car discount for owning a vehicle that is three years old or newer.
Furthermore, young drivers who have completed a driver’s education class or a defensive driving course may also be eligible for additional discounts.
Benefits & Drawbacks
⇅- Offers high policy limits for comprehensive coverage
- Highly-rated mobile app for convenient insurance management
- Holds an A+ rating from the Better Business Bureau (BBB) ✓
- Does not provide gap insurance options
- Limited number of local agents available ✘
Cheapest for Young Drivers
| Company | Rate Per Year |
| GEICO | $4,324 |
| Allstate | $4,465 |
| State Farm | $3,563 |
| Travelers | $4,719 |
| Progressive | $5,895 |
Average cost of car insurance in Ocala
Average cost of car insurance in Ocala– by age
| Age Group | Average Yearly Rate |
| Teenagers | $5,136 |
| 20s | $3,310 |
| 30s | $2,293 |
| 40s | $2,118 |
| 50s | $1,907 |
| 60s | $1,872 |
| 70s | $2,186 |
Average cost of car insurance in Lakeland– by gender
| Gender | Average Annual Rate |
| Male | $2,268 |
| Female | $2,292 |
Average cost of car insurance in Ocala – by marital status
| Marital Status | Average Annual Rate |
| Single | $2,171 |
| Married | $2,171 |
| Divorced | $2,249 |
| Widowed | $2,188 |
Average cost of car insurance in Ocala – by accident and violation history
| Violation | Average Annual Premium |
| DWI/DUI | $3,289 |
| Reckless Driving | $3,360 |
| At-Fault Accident (damage <$1,000) | $3,081 |
| At-Fault Accident (damage >$2,000) | $3,081 |
| Speeding (16-20 MPH > limit) | $2,811 |
Average cost of car insurance in Ocala– by credit tier
| Very poor: | $4,406 |
| Fair: | $2,785 |
| Good: | $2,266 |
| Very good: | $2,080 |
| Exceptional: | $1,858 |
Average cost of car insurance in Ocala – by zip code
| ZIP Code | Average Rate |
| 33150 | $2,976 |
| 33177 | $1,632 |
| 34471 | $2,076 |
| 34473 | $2,412 |
| 34476 | $2,148 |
| 34488 | $1,452 |
Minimum car insurance requirements in Florida
When looking for car insurance, it’s crucial to keep in mind the minimum coverage required in Florida:
• Property damage liability per accident: $10,000
• Personal injury protection: $10,000
These numbers represent the bare minimum coverage required by law in Florida. Depending on your vehicle and how much you drive, you might want to consider higher coverage limits and adding collision and comprehensive insurance to your policy.
How to buy car insurance in Ocala
When buying car insurance in Ocala, follow these five steps to make the process smooth:
1. Determine the type of car insurance you need. Consider if you want minimum coverage, full coverage, or something in-between. Think about your vehicle’s value and how much you drive.
2. Have your personal and vehicle information handy. This includes your driver’s license number, social security number, Vehicle Identification Number (VIN), and current mileage.
3. Get quotes from at least three different companies. Make sure you compare similar coverage amounts and limits.
4. Make a well-informed decision and purchase your policy. Remember, price shouldn’t be the only factor, but the cheapest option might still be the best for you.
5. Cancel your old policy. Keep in mind that your new insurance company can’t cancel your old policy for you. You need to cancel it yourself. Just make sure your new coverage is active before canceling the old one.
Factors that impact the cost of your car insurance policy in Ocala
Insurance companies in Ocala consider multiple factors when calculating the cost of auto insurance. These factors include:
State requirements: Your policy must meet Florida’s minimum coverage standards, which include $10,000 for property damage liability and $10,000 for personal injury protection (PIP).
Age: Younger drivers usually have higher rates due to less experience and more accidents. Rates often start to decrease after turning 25.
Vehicle make and model: The safety features of your car affect your rates. Newer models with better safety features tend to have lower insurance costs.
Driving record: Past accidents and traffic violations can raise your rates because they suggest a higher chance of future claims.
Yearly mileage: Drivers with longer commutes often pay more than those who drive less.
Credit history: A higher credit score is associated with lower rates since people with good credit tend to file fewer claims.
Zip code: Your location can impact your rates. Depending on where you live and park your car, you might qualify for discounts or face rate increases based on the likelihood of damage or vandalism.
Marital status: Married drivers typically enjoy lower rates compared to single drivers.
Gender: Men around the age of 45 typically pay about 6% less than women of the same age. However, this gender difference tends to balance out for drivers in their 30s.
Florida car insurance laws to know
In Florida, it’s a legal requirement for drivers to have at least $10,000 in property liability insurance and $10,000 in personal injury protection (PIP) coverage.
It’s worth mentioning that Florida follows a no-fault system. This means that regardless of who is considered at fault in an accident, insurance companies are responsible for covering medical expenses
In the news
Florida residents are facing financial challenges due to rising costs. According to the Dallas Morning News, the state is experiencing the highest inflation in 40 years. In addition, Florida has seen the highest annual increase in auto insurance rates in at least 20 years.
Auto insurance rates surged by an average of 23.8% in 2022, which is eight times higher than the previous year. Homeowners insurance rates also rose by an average of 10.8% last year, the largest annual gain since 2012.
Information about Ocala
Ocala, a charming city in Florida, boasts a unique blend of natural beauty, cultural attractions, and economic opportunities. With a land area of around 45 square miles, Ocala stands as a picturesque city nestled in the heart of Marion County.
As one of the fastest-growing cities in Florida, Ocala offers a cost of living that is more affordable compared to larger metropolitan areas. Residents enjoy the benefits of no state income tax, making it an appealing place to call home. The city’s proximity to the Ocala National Forest and its rich equestrian heritage add to its distinctive character.
Car insurance discounts in Ocala
When it comes to car insurance in Ocala, it generally offers more affordability compared to larger cities like Ocala and Miami in Florida. However, if you want to save even more money, it’s important to explore potential discounts. Here are some common discounts you might be eligible for:
- Good driving record
- Installing safety features in your vehicle
- Loyalty discounts for long-term customers
- Enjoying a claims-free history
- Driving fewer miles than average
- Being a student with a minimum “B” average
- Military discounts for service members
- Senior discounts for older drivers
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FAQs
Which car insurance provider offers the most affordable rates in the State of Florida?
In Florida, GEICO stands out as the most budget-friendly option for car insurance, with an annual premium of $437 for minimum liability coverage.
What is the average cost of car insurance in Ocala?
In Ocala, the average cost of full coverage car insurance is approximately $2,562 per year. If you’re looking for minimum coverage, the average cost in Ocala is around $1,121 annually.
Is car insurance mandatory in Ocala?
Absolutely. Car insurance is mandatory in Ocala and throughout the state of Florida. It’s a legal requirement to ensure that all drivers have auto liability insurance, providing financial responsibility and protection for everyone on the road.
