Cheapest Car Insurance In Orlando, FL
State Farm is the cheapest, reliable car insurance provider in Orlando.
Orlando, Florida’s buzzing city, is often hailed as the “Magic Capital of Florida,” attracting a multitude of newcomers from various parts of the country and serving as a favored destination for seasonal residents who have cozy winter abodes and condos near the vibrant beaches. “O-Town” is also home to a bustling array of cars, trucks, and other vehicles zipping around its streets. Folks in Orlando seeking car insurance always keep an eye out for the most affordable options that come bundled with top-notch coverage. If that sounds like you, then you’re in the right place.
On average, auto insurance in Orlando costs around $2,245 per year. That falls below the statewide average in Florida ($2,309) yet surpasses the national average of $1,548.
In this comprehensive review, we’ll guide you towards not only the most cost-effective choice overall (State Farm), but also the most affordable option for full coverage (Travelers), the best deal for minimum coverage (GEICO), the top pick if you have driving violations (USAA), and the ideal choice for seniors (Progressive).
Cheapest and best car insurance in Orlando, FL 2024
Compare the cheapest car insurance companies in Orlando, FL
| J.D. Power Rating (Florida) | Best For | Overall Rating | Average Annual Cost | AM Best Rating | Get A Quote | |
|---|---|---|---|---|---|---|
| State Farm |
840 |
Cheapest Overall |
|
$1,419 |
A++ |
Instant Quote |
| GEICO |
833 |
Cheapest Minimum Coverage |
|
$679 |
A++ |
Instant Quote |
| Travelers |
818 |
Full Coverage |
|
$1,936 |
A++ |
Instant Quote |
| Progressive |
810 |
Seniors |
|
$1,903 |
A+ |
Instant Quote |
| USAA |
884 |
Cheapest for Driving Violations |
|
$859 |
A++ |
Instant Quote |
| GEICO |
833 |
Young Drivers |
|
$3,458 |
A++ |
Instant Quote |
Our methodology
To find the cheapest car insurance rates in Orlando, we looked at information from various car insurance review sites. Some of these sources analyzed rates based on public filings obtained from Quadrant Information Services. For this review, we averaged those rates. However, keep in mind that insurance rates can change frequently for each company and may vary depending on your specific situation. In addition, my overall rating takes into account my personal opinion, which comes from fifteen years of experience as a licensed insurance agent, fourteen years as a Florida resident, and over three decades of buying car insurance.
Quotes Analyzed
Years Of Experience
Brands Reviewed
Research Hours
Cheapest car insurance companies in Orlando, FL
Cheapest Overall
Key Statistics
Why We Like Them
⇅When examining the most affordable car insurance options in Orlando, Florida, we discovered that State Farm emerged as a competitive choice across all categories. Notably, their average rate, covering both minimum and full coverage, stood out as the most economical overall.
State Farm has been providing vehicle insurance for nearly a century and boasts the largest number of local offices among all insurers in the United States. They offer various appealing features and distinctive options for drivers to consider:
Diverse coverage options: Apart from standard coverage, drivers can opt for additional benefits such as rental car reimbursement, roadside assistance, travel expense insurance, and even specialized rideshare insurance.
Telematics program: This initiative enables remote monitoring of insured drivers’ habits on the road and rewards those who practice safe driving behavior with discounted rates. The program particularly aims to reduce costs for individuals with limited driving experience.
Strong industry and customer service reputation: State Farm holds the highest financial strength ratings (A++ Superior) from AM Best, indicating their robust standing in the industry. Moreover, they have received favorable ratings in J.D. Power’s studies on insurers operating in Florida, underscoring their commitment to customer satisfaction.
Benefits & Drawbacks
⇅- Usage-based insurance discount
- Many local agents across the country
- Good discount opportunities for teens and students ✓
- Higher annual rates for drivers with poor credit ✘
Cheapest Overall Rates in Orlando
| Company | Rate Per Year |
| State Farm | $1,419 |
| GEICO | $1,742 |
| Travelers | $1,869 |
| Progressive | $2,270 |
| Allstate | $2,370 |
Cheapest For Full Coverage
Key Statistics
Why We Like Them
⇅When it comes to the most affordable full coverage in Orlando, Travelers takes the lead. 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, known for being one of the largest car insurance providers in the United States. Many individuals prefer working with independent agents and appreciate the convenience of purchasing multiple products from a single insurer, which is where Travelers excels.
Travelers stands out in a few key aspects. Firstly, they offer gap insurance, which safeguards your car lease or loan if your vehicle gets totaled before it’s fully paid off or the lease term ends. Travelers covers the difference between your loan balance and your car’s value in the event of a total loss.
Secondly, their Responsible Driver Plan grants forgiveness for one accident and one minor violation within a specific timeframe. This means your rates won’t increase following a ticket or accident, providing peace of mind for responsible drivers.
Benefits & Drawbacks
⇅- Cheap rates for full coverage
- Many coverage options are available
- One of the largest insurance providers in the U.S. ✓
- Below-average customer satisfaction ratings
- No rideshare insurance available in Florida ✘
Cheapest Full Coverage in Orlando
| Company | Rate Per Year |
| Travelers | $1,937 |
| Progressive |
$2,270 |
| Allstate | $2,370 |
| Liberty Mutual | $3,052 |
| Bristol West | $3,713 |
Cheapest for Driving Violations
Key Statistics
Why We Like Them
⇅If you’ve ever been pulled over and given a ticket, chances are your auto insurance rates went up, especially if you’re a younger driver. And if the offense was more serious, like a DUI, DWI, or reckless driving, your rate increase was likely even higher.
When it comes to raising rates after a driver receives a speeding ticket, gets involved in an at-fault accident, or is convicted of a DUI, USAA is the most lenient. While drivers with a history of violations might see their rates go up with USAA, the increase is usually not as significant compared to other auto insurers.
USAA offers standard liability coverage, as well as comprehensive and collision insurance, just like other insurers. They also provide common additional coverages like roadside assistance, rental car and travel reimbursement, and accident forgiveness.
However, it’s important to note that USAA is exclusively available to active military personnel, veterans, and their families.
Benefits & Drawbacks
⇅- Highest J.D. Power rating for customer satisfaction
- One-stop shop for insurance, investing, and banking products ✓
- Only provides insurance to veterans, active military personnel, and their family members ✘
Cheapest for Rate Increase After a Driving Violation
| Company | Annual Increase |
| USAA | $859 |
| State Farm | $1,247 |
| Allstate | $2,264 |
| GEICO | $2,427 |
| Travelers | $2,298 |
Cheapest for Minimum Coverage
Key Statistics
Why We Like Them
⇅When exploring Orlando, we uncovered GEICO as the champion in affordability, offering the cheapest rates on average for state minimum coverage. In Florida, the state demands drivers to hold a minimum of $10,000 in property damage liability insurance and $10,000 in personal injury protection (PIP). Interestingly, bodily injury liability coverage isn’t compulsory for Florida drivers.
GEICO stands tall with consistent top ratings in various aspects including customer service, claims handling, recommendations from customers, policy renewals, and customer loyalty. As the second-largest auto insurance company in the United States, GEICO has made a name for itself by providing pocket-friendly rates accessible both online and over the phone.
What sets GEICO apart are the plentiful discounts they offer, making it the go-to option for Orlando drivers with older vehicles who seek to trim costs by adhering to Florida’s minimum mandatory auto insurance coverage. The management of your policy is a breeze thanks to GEICO’s user-friendly website and mobile app, providing a hassle-free experience.
Benefits & Drawbacks
⇅- Above average J.D. Power score for customer satisfaction
- Robust website and mobile app
- Many discounts available ✓
- Does not offer gap or rideshare insurance
- Has a limited number of local agents ✘
Cheapest for Minimum Coverage
| Company | Rate Per Year |
| GEICO | $679 |
| Nationwide | $847 |
| Travelers | $868 |
| Allstate | $1,041 |
| Progressive | $1,278 |
Cheapest for Seniors
Key Statistics
Why We Like Them
⇅Among all age groups, senior drivers in Orlando tend to enjoy some of the most affordable car insurance rates. Our research revealed that Progressive stands out with the lowest rates specifically tailored for seniors.
Progressive holds the impressive position of being the third-largest auto insurance company in the nation. They offer an extensive array of discounts and a wide range of coverage options, including specialized insurance for rideshare services and coverage for pets injured in car accidents. Additionally, Progressive provides coverage types that many other insurers do not, such as gap insurance and rideshare insurance.
Moreover, Progressive values its long-term policyholders, displaying loyalty to those who have been with them for five years or more without any accidents. These drivers won’t face premium increases for larger claims. Furthermore, customers have the opportunity to purchase accident forgiveness insurance, allowing them to have more than one accident forgiven without impacting their rates.
Benefits & Drawbacks
⇅- Third-largest personal auto insurer in the U.S.
- Helps pay vet bills if your animal is injured in a car accident
- Rideshare coverage is available ✓
- Below-average ratings for customer satisfaction from J.D. Power
- Available from a limited number of agents ✘
Cheapest Coverage for Seniors
| Company | Rate Per Year |
| Progressive | $1,903 |
| Travelers | $2,232 |
| Mercury | $2,363 |
| Safeco | $2,257 |
| Liberty Mutual | $3,325 |
Cheapest for Young Drivers
Key Statistics
Why We Like Them
⇅In Orlando, young drivers face hefty car insurance rates due to their inexperience on the road and the higher likelihood of being involved in accidents.
Thankfully, GEICO comes to the rescue by offering the most affordable rates in Orlando for young drivers, with an average premium of $3,451. While this is the lowest you’ll find for teenagers and those in their early 20s, it can still pose a financial challenge.
The good news is that GEICO is exceedingly generous with their discounts, making insurance more accessible for young drivers. They provide enticing discounts like the good student discount, reaching up to 15%. Additionally, accident-free young drivers can enjoy a safe-driver discount of up to 22%. Furthermore, if you’re driving a vehicle that is three model years old or newer, you can benefit from a new car discount.
Moreover, young drivers who have completed a driver’s education class in school or a defensive driving course are also eligible for additional discounts, further lightening the burden on their wallets.
Benefits & Drawbacks
⇅- High policy limits available
- Highly-rated mobile app
- A+ rating from the Better Business Bureau (BBB) ✓
- Does not offer gap or rideshare insurance
- Has a limited number of local agents ✘
Cheapest for Young Drivers
| Company | Rate Per Year |
| GEICO | $3,451 |
| Nationwide | $3,461 |
| State Farm | $3,826 |
| Allstate | $5,281 |
| Progressive | $6,037 |
Average cost of car insurance in Orlando
Average cost of car insurance in Orlando– by age
| Age Group | Average Yearly Rate |
| Teenagers | $6,483 |
| 20s | $2,971 |
| 30s | $2,263 |
| 40s | $2,191 |
| 50s | $2,047 |
| 60s | $2,073 |
| 70s | $2,540 |
Average cost of car insurance in Orlando– by gender
| Gender | Average Annual Rate |
| Male | $2,268 |
| Female | $2,292 |
Average cost of car insurance in Orlando – 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 Orlando – 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 Orlando– 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 Orlando – by zip code
| ZIP Code | Average Rate |
| 32099 | $2,272 |
| 32202 | $2,341 |
| 32204 | $2,363 |
| 32205 | $2,418 |
| 32206 | $2,462 |
| 32207 | $2,502 |
Minimum car insurance requirements in Florida
When searching for car insurance, it’s crucial to consider the minimum coverage required in Florida:
- Property damage liability per accident: $10,000
- Personal injury protection: $10,000
These figures represent the bare minimum coverage mandated by Florida law. However, depending on your vehicle and the amount of time you spend driving, you might want to opt for higher limits and consider adding collision and comprehensive insurance for added protection.
How to buy car insurance in Orlando
When purchasing car insurance in Orlando, follow these five steps to ensure a smooth and stress-free experience:
- Determine the type of car insurance you require. Assess whether you need minimum coverage, full coverage, or an option that falls in between. Consider factors such as your vehicle’s value and your annual mileage.
- Keep your personal and vehicle information readily available. Make sure to have your driver’s license number, social security number, Vehicle Identification Number (VIN), and current mileage on hand.
- Obtain quotes from at least three companies. Ensure that you’re comparing quotes for similar coverage amounts and limits to make an accurate comparison.
- Make an informed decision and purchase your policy. While price is important, don’t base your decision solely on it. Remember, the cheapest option may not always be the best fit for you.
- Cancel your previous policy. It’s your responsibility to cancel your old policy as the new insurance company cannot do it for you. However, wait until you’re certain that your new coverage is active before canceling the old policy.
Factors that impact the cost of your car insurance policy in Orlando
When calculating your auto insurance costs in Orlando, insurance companies consider various factors that can affect the final amount. 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 generally have higher rates due to their lack of experience and higher chances of accidents. Rates often decrease after the age of 25.
Car make and model: The safety of your vehicle can impact your rates. Safer cars, like a late-model Toyota Corolla, usually have lower insurance costs compared to sportier cars like a Chevrolet Corvette.
Driving record: Previous accidents and traffic violations can lead to higher insurance rates because they indicate a higher risk of future claims.
Yearly mileage: The distance you drive each year can affect your premiums. Longer commutes tend to result in higher rates compared to shorter drives.
Credit history: Your credit score can also play a role in your rates. Generally, individuals with better credit scores file fewer claims, leading to lower insurance costs.
Zip code: Your location can impact your rates based on factors like the likelihood of vehicle damage or vandalism in your area.
Marital status: Married drivers often enjoy lower rates compared to single drivers.
Gender: While men around the age of 45 may pay slightly less than females of the same age, the difference tends to level out for drivers in their 30s
Florida car insurance laws to know
In Florida, drivers must possess at least $10,000 in property liability insurance and $10,000 in personal injury protection (PIP) as a minimum requirement.
It’s worth noting that Florida operates as a no-fault state. This means that regardless of who is at fault in an accident, insurance companies are obligated to cover medical expenses for the parties involved.
In the news
As reported by the Dallas Morning News, Florida residents are grappling with financial challenges brought on by increased costs, experiencing the highest inflation in four decades. However, their troubles don’t end there; they’re also contending with the steepest annual surge in auto insurance rates in at least 20 years.
In 2022, auto insurance rates in Florida skyrocketed by an average of 23.8%. This figure is eight times higher than the previous year, marking the most substantial annual increase seen in at least two decades, as stated by the Florida Department of Insurance. Simultaneously, homeowners insurance rates in the state climbed by an average of 10.8% in the same year, marking the highest annual spike since 2012.
Information about Orlando
Orlando stands out with its vibrant population, thriving economy, rich cultural tapestry, plentiful recreational offerings, and bountiful natural beauty, positioning it as one of the most dynamic cities in the nation. Spanning an impressive 874 square miles, Orlando holds the distinction of being the largest city by land area in the continental United States.
As the 12th largest city in the United States in terms of population, Orlando boasts a relatively low overall cost of living compared to other Florida cities. It provides attractive tax benefits, including the absence of corporate franchise tax, state personal tax, inventory tax, and foreign income tax. The presence of multiple universities and three naval bases in the area fosters a diverse and highly skilled labor force, contributing to the city’s vibrant workforce.
Car insurance discounts in Orlando
In the realm of car insurance, Orlando boasts lower prices compared to other major cities in Florida, such as Tampa and Miami. However, if you’re aiming to reduce costs, it’s vital to explore discounts. Here are some common discounts you can obtain:
- Maintaining a clean driving history
- Installing safety features in your vehicle
- Demonstrating customer loyalty
- Having a claims-free record
- Driving fewer miles than the average
- Being a student with a minimum “B” average
- Accessing military discounts
- Enjoying senior discounts
Looking For Cheap Car Insurance In Other Florida Cities?
- Cheapest Car Insurance In Jacksonville, FL
- Cheapest Car Insurance In Tampa, FL
- Cheapest Car Insurance In Lakeland, FL
- Cheapest Car Insurance In Miami, FL
- Cheapest Car Insurance In Ocala, FL
- Cheapest Car Insurance In Gainesville, FL
- Cheapest Car Insurance In Naples, FL
- Cheapest Car Insurance In St. Petersburg, FL
- Cheapest Car Insurance In Tallahassee, FL
- Cheapest Car Insurance In Fort Myers, FL
- Cheapest Car Insurance In Pensacola, FL
- Cheapest Car Insurance In Panama City, FL
- Cheapest Car Insurance In West Palm Beach, FL
- Cheapest Car Insurance In Fort Lauderdale, FL
FAQs
What is the cheapest car insurance in the State of Florida?
If you’re on the hunt for the most budget-friendly car insurance in Florida, look no further than GEICO. With a wallet-friendly price tag of just $437 per year, they offer the cheapest car insurance around for minimum liability coverage.
How much does car insurance cost in Orlando on average?
When it comes to car insurance in Orlando, the average cost for full coverage is approximately $2,562 per year. However, if you’re looking for more affordable options, the average cost for minimum coverage is around $1,121 per year.
Do I need car insurance in Orlando?
In Florida, it’s a legal requirement for Orlando drivers to have auto liability insurance. So, if you’re hitting the road in Orlando, make sure you have this essential coverage to comply with the law.
