The companies with the cheapest car insurance in Orlando, Florida are Geico and State Farm, among others, according to Bankrate’s 2022 study of listed annual premiums. For full coverage, the average cost of car insurance in Orlando is $2,698 per year or about $225 per month, and the average annual cost for minimum coverage is $1,036 or about $86 per month.
Although some Orlando drivers may prefer minimal coverage, most insurance agents recommend purchasing higher coverage limits as long as you can reasonably afford them. Liability for bodily injury and property damage protects you financially if you are responsible for an accident resulting in injury or property damage. You may have to pay damages directly if your liability limits aren’t high enough, and in Florida, minimum coverage limits are extremely low. Finding the Orlando carriers that offer the cheapest auto insurance, financial strength, and customer satisfaction can help you save money and be financially protected.
Best Cheap Auto Insurance Companies in Orlando
Bankrate has found that the best cheap car insurance companies in Orlando include State Farm, Geico, Progressive, and Allstate. We selected these insurance companies based on several criteria, including average annual premiums, types of coverage and discounts offered, financial strength, and customer satisfaction ratings. These factors also contribute to each insurer’s Bankrate Score, out of a possible five points, which can help you compare the best insurance companies based on which insurer features are most important to you. When looking for the cheapest rates for auto insurance, it’s important to consider which providers stand out for more than affordability.
Geico offers affordable rates for full coverage, as well as our Orlando auto insurance companies’ lowest rates for minimum coverage. Drivers can use the award-winning Geico mobile app to access and manage their policy, request roadside assistance, and use the Easy Photo Estimate feature to decide if filing a claim is worth it.
Geico has competitive rates, various coverage options, and multiple discounts available to Orlando drivers, and it scores above average in the Florida region for customer satisfaction. For this reason, Geico obtained a Bankrate score of 4.7.
Learn more: Geico Insurance Review
State Farm is one of the best auto insurance companies with some of the cheapest rates for full coverage in Orlando. This carrier not only offers affordable rates, but it also ranked above average for customer satisfaction in the 2022 JD Power Auto Insurance Study for the Florida area. The insurer also offers other ways to save, such as its Drive Safe & Save program, which offers a financial incentive to adopt safe driving habits. State Farm has exceptional financial strength, as indicated by its AM Best rating, and offers many coverage customization options.
Learn more: State Farm Insurance Review
Progressive offers a creative way to help you get the best rate for the budget conscious shopper looking for the cheapest rates in Orlando. With its Name Your Price, you can compare coverage options that best fit your budget. Progressive also offers customizable coverage options, like gap insurance, ride-sharing coverage, and custom parts and equipment.
However, Progressive’s average annual full and minimum coverage rates for car insurance in Orlando are higher than the other carriers on our list. It also scored below the industry average in the JD Power study. Rates and Ratings resulted in a Bankrate score of 4.4 for Progressive. However, coverage options, discounts, and insurer financial strength ratings may still make this carrier worth considering by many Orlando drivers.
Learn more: Progressive Insurance Review
Allstate is the second-highest-ranked insurer in the Florida region of the JD Power study for customer satisfaction. Although it has higher fares than the other carriers on our list, it’s generally comparable to average Orlando fares. Allstate offers a few savings options to lower fares, depending on your driving habits. Policyholders can save by tracking their driving habits with the Drivewise app, which can help cautious drivers get lower rates. For those who don’t drive very far regularly, Allstate’s Milewise may be a better option, as it’s pay-per-mile insurance coverage. The carrier also offers unique coverage options, such as custom parts coverage, ride-sharing insurance, and coverage when you travel to Mexico.
Learn more: Allstate Insurance Review
How to Get and Keep the Cheapest Auto Insurance in Orlando
Knowing how to get the cheapest auto insurance in Orlando can help you pay the most affordable rates, but it may take extra steps to keep rates low over time. Adopting safe driving habits to maintain a good driving record can help you get the lowest quotes from insurers. To get and keep the cheapest auto insurance, Orlando drivers may find the following tips helpful:
- Shop around and compare insurers. When looking for auto insurance, comparing quotes from multiple insurers is one of the best ways to find affordable rates. Consider the types of coverage you need and compare carriers with the same types of coverage to find the best rate. You may want to consider purchasing your car insurance whenever your policy is about to expire or when your personal circumstances change and you want to ensure your rates remain competitive.
- Check prices before you travel. If you’re considering moving to another city in Florida, comparing rates by zip code before choosing a destination can help you save a lot of money. Each city has different rates, and some postcodes may be more affordable than others.
Frequently Asked Questions
Bankrate uses Quadrant Information Services to analyze 2022 rates for all zip codes and carriers in all 50 states and Washington, D.C. Rates shown are based on a 40-year-old male and female with a clean driving record, credit and the following complete information coverage limits:
- Civil liability of $100,000 in bodily injury per person
- Civil liability of $300,000 in bodily injury per accident
- Civil liability of $50,000 in property damage per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 aggregate deductible
To determine minimum coverage limits, Bankrate has used a minimum coverage that meets each state’s requirements. Our basic profile drivers own a 2020 Toyota Camry, commute five days a week, and drive 12,000 miles a year.
These are sampling rates and should only be used for comparison purposes.
Discount rate score
Exchange rate scores primarily reflect a weighted ranking of industry standard ratings for financial strength and customer experience, in addition to analysis of annual premiums quoted by Quadrant Information Services, covering all 50 states and Washington, D.C. DC We know it’s important for drivers to feel confident that their financial protection covers the most likely risks, is priced competitively and is provided by a financially strong company with a track record of positive customer support.
In determining how well the top auto insurance companies meet these priorities, third-party agency ratings from JD Power, AM Best, S&P, NAIC, and Moodys had the most impact on the companies’ currency scores. . Since price is a common consideration for drivers, we analyzed quoted premiums based on 40-year-old male and female drivers with a 2019 Toyota Camry. This profile, evaluated on over 35,000 U.S. zip codes, has provided a basis on which drivers can compare each supplier.
While coverage options, insurer availability, affordability and customer experience are often top priorities, Bankrate also analyzed each insurer’s online and mobile resources for managing policies and handling claims. Insurance is changing rapidly to keep pace with our digital world, so these aspects have also weighed in determining the exchange rate scores.