Orlando, FL Car Insurance
How much does car insurance cost in Orlando?
If you're in Orlando, you can expect to pay an average of $1,479 for a six-month car insurance policy or $247 per month. According to our 2023 data, Travelers is the most cost-effective car insurance provider in Orlando, offering a six-month policy for as low as $1,019. On average, drivers in Florida allocate around $1,461 every six months for car insurance. In comparison, Orlando's average rate is almost double the national average of $880.
Notably, 43% of our customers in Orlando use our service to compare rates offered by other companies. If you require assistance with your car insurance, read on to gain valuable insights into determining a fair rate in Orlando, taking into account factors such as credit score, coverage level, and more.
|Car Insurance in Orlando vs. Florida||Avg. 6 Mo. Premium|
The cheapest car insurance companies in Orlando
Travelers is the cheapest option in Orlando at $170 per month or $1,019 for a six-month policy.
The second most affordable option in Orlando for auto insurance is through Allied. A six-month policy with Allied costs $1,118, which comes out to $186 per month.
In third place on our list of cheap Orlando insurers is State Farm, which costs $187 per month ($1,121 for a six-month policy).
Are you paying too much for auto insurance?
Orlando car insurance rates by company
Travelers emerges as the most cost-effective car insurance company in Orlando, as per our 2023 data. With an average monthly premium of $170, customers can secure a six-month policy for just $1,019. Allied takes the second spot on the affordability scale, also presenting a monthly rate of $186 or a total of $1,118 for a six-month coverage.
For further insights into the leading car insurance companies, consider exploring The Zebra's Customer Satisfaction Survey.
Cheapest car insurance companies in Orlando, FL
Dynamic auto insurance data methodology
Methodology: The auto insurance rates displayed above and throughout this page are dynamic, meaning the data will refresh when the most recent information is made available. Rates are based on a sample driver profile — a 30-year-old single male driver with a Honda Accord and full coverage. This profile was adjusted based on common pricing factors used by major car insurance companies, like age, coverage level, driving record and others.
Shop around for the best rates
Discovering the most economical insurance provider that suits your requirements necessitates the act of comparing. Allow our comprehensive assessment to undertake the laborious task for you. By entering your ZIP code, you can readily access the rates provided by Progressive, Allstate, USAA, State Farm, and other leading companies. This seamless process will facilitate your quest to uncover the optimal and most cost-effective car insurance options in Orlando.
Average car insurance in Orlando by rating factor
Determining the cost of premiums, car insurance companies rely on rating factors, which serve as their evaluative criteria. These factors comprise a range of elements, including age, credit score, driving history, and the vehicle's type. While the importance of specific rating factors may vary, each one possesses the capability to impact your premium.
Consequently, rating factors remain subject to change, thereby affecting the most suitable car insurance company for you. As such, engaging in the practice of periodically comparing providers is highly recommended to ensure the ongoing attainment of the most competitive rates.
Q: I didn't have an accident — Why is my insurance going up?
A: How much you'll be charged for car insurance in Orlando depends heavily on the year-end earnings, which weigh the revenue obtained from premiums against the expenditures of settling insured individuals' claims. Even if you have never filed a claim with your insurance company, it's still plausible that you'll end up paying more with a certain insurer because the cost of doing business has risen in Orlando.
Auto insurance premiums by age in Orlando
Age is one of the most significant factors in determining insurance rates in the insurance business. Typically, teenagers have the highest accident rates among all age groups, resulting in higher premiums for them.
In Orlando, the difference in premiums between teenage drivers and those in their 20s is around 131%. Take a look at the table below to find the insurance companies with the cheapest rates for teenagers in Orlando.
Cheapest car insurance companies for teen drivers in Orlando, FL
Auto insurance premiums for minimum coverage in Orlando
Your car insurance premium is influenced by various factors, and one crucial indicator is the level of coverage you decide to go for. Different states set their own requirements for the minimum coverage, and opting for this lower level typically results in reduced premiums.
Interestingly, our data reveals that as many as 22% of drivers in Orlando have chosen to stick with the state minimum coverage. While this may be the most cost-effective option, it does leave you vulnerable to being underinsured. Alternatively, "Full coverage" insurance, encompassing collision and comprehensive coverage, comes with higher premiums but provides superior protection in the event of an accident. Moreover, both of these coverages entail a deductible, which is the amount you need to pay from your own pocket before your insurance coverage kicks in.
Additionally, it might be worth considering other optional coverages like roadside assistance or uninsured motorist coverage, as they can go a long way in ensuring the safety of both you and your vehicle. Remember that while more coverage results in increased premiums, experts at The Zebra strongly recommend taking advantage of these opportunities.
Q: Can I lower my car insurance coverage?
A: Possibly — if your vehicle is paid off.
Based on an analysis of the data we have collected, it has been determined that 59% of drivers in Orlando possess vehicles that are fully owned by them. If you are not currently involved in a vehicle lease or financing agreement, you may want to consider whether it is appropriate for you to eliminate comprehensive or collision coverage. Our suggestion is to obtain the actual cash value of your vehicle from reliable sources like Kelley Blue Book or other reputable alternatives. A general guideline is that if your vehicle is valued at less than $4,000, collision coverage is likely unnecessary. Nonetheless, it is important to take into account that by removing these coverages, you will be responsible for covering any repair costs out of your own pocket.
Cheapest car insurance companies for minimum coverage in Orlando, FL
49% of our customers in Orlando opt for basic coverage, but this may not be the best option for everyone. It's important to explore all your options and find the coverage that suits your needs best. While choosing the minimum or basic coverage may save you money, it also means you're at risk if the damages exceed your liability limits. In Florida, it's different because it's a no-fault state, which means you're not required to have bodily injury liability insurance. Regardless of who's at fault in an accident, your personal injury protection (PIP) coverage will step in to cover injuries. In Florida, you need at least $10,000 for property damage liability and $10,000 for PIP coverage.
Learn more about insurance laws in Florida.
Orlando car insurance rates by credit score
Florida, in contrast to some states that have chosen to disregard credit scores as a factor for rating policies, maintains the practice of integrating this numerical value during the evaluation process. The credit score has consistently served as a valuable indicator of drivers' propensity to file claims—with individuals having lower credit scores demonstrating a higher inclination for engaging in risky driving behaviors, encountering coverage gaps, and initiating claims.
Consequently, insurance companies perceive a lower credit score as an escalated risk to insure. Interestingly, Orlando drivers with poor credit (300-579) experience a significant 96% increase in insurance costs compared to drivers with excellent credit (800-850). Our data reveals that a substantial portion of Orlando drivers possess an "good (680-719)" credit score. For the year 2023, Travelers stands out as the most cost-effective choice for Orlando drivers falling within this credit category.
Cheapest car insurance companies for bad credit in Orlando, FL
Auto insurance rates with an at-fault accident
Among insurance claims, collision-related accidents are the most common types. In Orlando, an at-fault accident can result in an increase in monthly rates ranging from $103 to $110. Following an at-fault accident, Travelers emerges as the most affordable insurance company in Orlando.
The optimal method to keep your auto insurance premiums low is to make a concerted effort to avoid accidents and citations, regardless of your location. The duration of the impact on your premium varies depending on the type of accident or ticket, typically lasting between three to five years. More serious offenses like DUIs and DWIs can have a prolonged presence on your record. Speeding citations, reckless driving charges, and accidents all contribute significantly to the substantial increase in premiums.
Cheapest car insurance companies after an at-fault accident in Orlando, FL
Orlando car insurance rates by violation
Check out the chart below to see how different violations and claims can impact the increase of your rate in Orlando.
Car insurance rate increases after violations and citations in Orlando, FL
|Accident/Violation||Avg. 6 Mo. Premium||% Rate Increase||$ Rate Increase|
|One Med/PIP claim||$1,479||0%||$0|
|Two Med/PIP claims||$1,589||7%||$110|
|One comp claim||$1,599||8%||$120|
|Two comp claims||$1,648||11%||$169|
|Child safety restraint||$1,675||13%||$196|
|Failure to wear a seat belt||$1,675||13%||$196|
|Driving without lights||$1,681||14%||$202|
|Failure to show documents||$1,681||14%||$202|
|Speeding 6 - 10 MPH over limit||$1,698||15%||$219|
|Passing school bus||$1,718||16%||$239|
|Wrong way/wrong lane||$1,726||17%||$246|
|Failure to yield||$1,728||17%||$249|
|Failure to stop at a red light||$1,728||17%||$249|
|Following too closely||$1,731||17%||$252|
|Driving with expired registration||$1,731||17%||$252|
|Cell phone violation||$1,731||17%||$252|
|Texting while driving||$1,736||17%||$257|
|Speeding 11 - 15 MPH over limit||$1,760||19%||$280|
|Driving too slowly||$1,774||20%||$295|
|Speeding in school zone||$1,774||20%||$295|
|Speeding 16 - 20 MPH over limit||$1,829||24%||$350|
|Speeding 21 - 25 MPH over limit||$1,841||24%||$362|
|Operating a vehicle without permission||$1,862||26%||$383|
|In 65 MPH zone||$1,972||33%||$493|
|At-fault accident - less than $1000||$2,101||42%||$622|
|At-fault accident - $1000-$2000||$2,141||45%||$662|
|At-fault accident - greater than $2000||$2,141||45%||$662|
|Refusal to submit to a chemical test||$2,294||55%||$815|
|Driving with a suspended license||$2,346||59%||$867|
|Leaving scene of an accident/hit and run||$2,400||62%||$921|
Why is car insurance in Orlando so expensive?
In contrast to the national average, car insurance in Orlando proves to be relatively expensive; though it falls in line with the Florida state average. Multiple factors contribute to this circumstance: Orlando is a major city in Florida, bringing in a high influx of tourists and residents alike. Consequently, the cost of living in Orlando exceeds that of other towns in Florida, leading car insurance companies to impose higher rates to cover their expenses.
In addition to personal rating factors, location-specific elements impact the elevated cost of car insurance in Orlando, regardless of one's driving profile.
Your location within Orlando also factors into the cost of your car insurance. Along with your driving history and age, where you live is one of the major contributing factors to your insurance premiums. Variations in insurance rates by zip code are influenced by factors such as crime, theft, and the prevalence of uninsured motorists. Fortunately, Orlando maintains a relatively safe environment, with a lower crime rate than the national average.
Expensive Orlando ZIP codes: 32808, 32805, 32811, 32818, 32839
Cheap Orlando ZIP codes: 32789, 32827, 32832, 32831, 32828
Insurance companies have faced bankruptcy due to the extensive destruction caused by hurricanes and other weather-related incidents. Given Florida's exposure to a significant amount of severe weather, auto insurers find it costly to operate in the state. Consequently, they increase their rates in anticipation of further losses stemming from adverse weather events.
Comprehensive coverage provides protection for vehicle damage resulting from flooding. It is advisable to opt for comprehensive insurance, even if your vehicle is new or already paid off, especially if you have concerns about the risks associated with flooding or other weather-related hazards.
In recent years, Orlando has witnessed a surge in popularity. However, with more people settling in, the number of vehicles on the roads has also increased, leading to a rise in accidents. The expenses associated with accident-related claims are typically transferred to other drivers through elevated rates, regardless of their safe driving habits or infrequent usage. Moreover, the presence of uninsured drivers poses a considerable risk. Given Florida's no-fault status and relatively lenient requirements, it might be prudent to consider enhancing your coverage to provide additional protection against damages caused by others.
Bundling insurance policies in Orlando
Annual increases in car insurance rates have become the norm, but there are still ways to mitigate costs. One effective approach is to bundle multiple insurance products under a single provider, thus qualifying for a multi-policy discount. Most insurance companies offer this discount, so even when you're comparing quotes from different providers, it's worth exploring the bundling option. The most common combination involves bundling homeowners and auto insurance policies, which can result in savings of 10% or more on combined premiums.
If you currently hold separate policies for your home and car, it's worthwhile to investigate the potential savings through bundling. Discover more about the benefits of bundling home and car insurance.
Cheapest car insurance companies for bundling home and auto insurance in Orlando, FL
While some rating factors may be beyond your influence, you can still take specific actions to make your driving profile more attractive to insurance companies. One of the primary methods is to diligently shop around and compare auto insurance quotes from multiple companies to ensure that you get the best rate for your coverage and service needs.
It is a good practice to repeat this process at each renewal period, especially if personal factors like age, credit score, and location have changed. Remember that certain companies may carry higher premiums than others, so don't hesitate to contemplate switching providers.
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Frequently asked questions
How much is car insurance in Orlando?
For a six-month auto insurance policy in Orlando, residents can expect to pay an average cost of $1,479, resulting in a monthly rate of $247. This rate surpasses both the state and national averages, making it higher than what is typically observed.
What is the cheapest car insurance in Orlando?
Travelers stands as the go-to auto insurance provider in Orlando, offering the most affordable rates with an average of $1,019 for a six-month policy. An equally commendable option is Allied, priced at only $100 more.
Is car insurance high in Orlando?
In comparison to other regions across the country, car insurance in Florida tends to be more costly. The average rate for a six-month policy in the state stands at $1,461, nearly double the national average of $742. Specifically, in Orlando, rates are even more expensive, which can come as a surprise to newcomers searching for auto insurance in the area.
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How much is car insurance near me? — explore more cities near Orlando, FL
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About The Zebra
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
- The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
- The Zebra’s insurance content is not subject to review or alteration by insurance companies or partners.
- The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
- The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.