The cheapest car insurance company in Jacksonville, Florida is State Farm, according to Bankrate’s quoted annual premium study. Florida is generally an expensive state for car insurance, given the volatile weather conditions and high volume of drivers on the roads. Jacksonville is no exception, with the average cost of car insurance in Jacksonville being $2,503 per year for full coverage, or $209 per month and $886 per year for minimum coverage. These rates are well above the 2022 national average cost of insurance of $1,771 per year for full coverage and $545 per year for minimum coverage.
Higher cover costs likely drive many drivers to seek out the most affordable rates possible. While it can be tempting to select a provider based solely on the cheapest rates, insurance professionals advise taking a more holistic approach and looking at multiple factors rather than price alone. This ensures you find the right coverage for your budget.
Best Cheap Car Insurance Companies in Jacksonville
The Florida auto insurance companies in Jacksonville with the cheapest rates are national providers — State Farm, Geico, Allstate and Progressive — according to Bankrate’s 2022 analysis of rates from Quadrant Information Systems. In addition to reviewing rates, a Bankrate Score is calculated for each provider. Bankrate’s proprietary rating system considers many factors including an insurance provider’s coverage and discount options, third-party ratings such as JD Power and AM Best and assigns a five-point rating . This gives an overview of not only the cheapest companies, but also the best car insurance in Jacksonville.
Geico, the second-largest auto insurer in the United States based on market share according to the Insurance Information Institute (Triple-I), ranks at the top of the cheapest average rates in Jacksonville based on our study, but does not fare as well in the JD Power Automotive Customer Satisfaction Survey 2021. Its JD Power score is 823 points out of 1,000, which is below the regional average and indicates that there may be room for improvement in some areas. Where Geico excels is the volume of discounts it offers for a variety of categories. From military membership and affiliate discounts to student vouchers and paperless statements, Geico has tons of ways to save on premiums.
Learn more: Geico Insurance Review
State Farm, the largest US auto insurer, ranks second for the cheapest average rates in Jacksonville among the providers on our list. In addition to the cheapest rates, State Farm also tops the JD Power rankings for customer satisfaction in the Florida region. State Farm has an A++ (Superior) financial strength rating from AM Best, the highest level possible, indicating its strong historical ability to pay claims so you can have greater confidence in the supplier when you need it most. State Farm is also a good option for consumers who like to buy their insurance in person, as it has an exclusive network of agents throughout Northeast Florida.
Learn more: State Farm Insurance Review
Allstate offers competitive rates in Jacksonville and also ranks high in the JD Power Customer Satisfaction Survey. The fourth car insurer scores 846 points out of 1,000, indicating higher customer service ratings in Florida. While Allstate doesn’t have the cheapest average rates among the companies on our list, it does offer plenty of discounts, including multi-policy and claim-free savings. For drivers who like to buy insurance in person, the company has a network of exclusive, independent agents throughout the Jacksonville area.
Learn more: Allstate Insurance Review
Progressive is the third largest auto insurance provider in the United States according to Triple-I. Although it ranks as the fourth cheapest mid-size car insurance company in Jacksonville and has a higher average premium than the city average, Progressive is known for its budget-conscious offerings. For example, its Name Your Price tool lets you find a policy that fits your desired budget. Although Progressive has the highest average premiums of the four providers, there are plenty of discounts available, such as policy bundling and young driver discounts.
Learn more: Progressive Insurance Review
How to Get and Keep the Cheapest Auto Insurance in Jacksonville
Finding the cheapest auto insurance companies is one task, but maintaining the cheapest rates possible is another. Finding and maintaining the cheapest auto insurance in Jacksonville involves a few steps.
- Find the right coverage limits. Carefully review all available coverage options to determine how much you may want to purchase in addition to what is legally required. Although you can’t take out all of the options on offer, you need to ensure that your cover is adequate enough to avoid as much expense as possible in the event of a claim, as a major loss can be financially devastating.
- Review coverage after major life events. Experiencing a major life event, such as moving house, getting married, buying a new home or having a child, often presents a great time to shop around or review your coverage. Your car insurance needs change throughout your life, which means you may be able to find new ways to save.
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, good 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 annual premium analysis 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 driver consideration, we analyzed quoted premiums based on 40-year-old male and female drivers with a 2019 Toyota Camry. This profile, evaluated on more than 35,000 U.S. zip codes, 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.