Car insurance in Orlando costs an average of $1,862 per year, which is cheaper than the state average. The cheapest widely available insurer for the average driver is GEICO, but MoneyGeek also analyzed the cheapest options across different driver profiles and coverage levels. For those looking to balance insurance costs with quality, MoneyGeek ranked the best companies in Orlando.
Compare the Cheapest Car Insurance Quotes in Orlando, FL
The Cheapest and Best Car Insurance in Orlando
The Cheapest Car Insurance Companies in Orlando
In Orlando, the companies with the cheapest average rates for a full coverage policy are:
- USAA: $825 yearly (only available to current and former military)
- GEICO: $1,202 yearly
In Orlando, drivers who have a USAA car insurance policy pay the most affordable average annual premium at $825. However, USAA policies are only available for current or former military members and their families. Coming in second place, in terms of affordability, is GEICO, which has an average of $1,202 for their annual premium. Among the car insurance companies in Orlando, Progressive has the most expensive average premium of $2,411, which is more than double the price of a GEICO insurance policy.
To conduct this study, MoneyGeek gathered average insurance rates in Orlando for a sample 40-year-old male driver with a full coverage policy including both liability and comprehensive and collision coverage.
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Average Cost of Car Insurance in Orlando
On average, car insurance in Orlando costs around $1,862 per year. Orlando drivers pay 15.7% less than the average car insurance rate in the state. However, they pay 30.7% more than the $1,424 average annual premium in the United States.
The Best Car Insurance Companies in Orlando
If you are a driver in Orlando looking for a balance between affordability and quality service, MoneyGeek ranked the best providers in the city. According to MoneyGeek's research, the best car insurance providers in Orlando for most drivers are:
- Esurance: MoneyGeek score 95 out of 100
- GEICO: MoneyGeek score 85 out of 100
USAA received the highest score in Orlando by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
To calculate the final scores out of 100, MoneyGeek used several factors, including J.D. Power user satisfaction data, affordability and financial stability.
Personalized Quotes to Get You the Cheapest Car Insurance in Orlando
Car insurance companies in Orlando calculate annual premiums by evaluating individual circumstances, such as age, car make and model, ZIP code, driving history, gender, marital status and credit score. As your circumstances change, so does the rate of your auto insurance. You may even be eligible for discounts and rebates.
For instance, a teen driver is more likely to pay higher premiums compared to a middle-aged individual. A 40-year-old male policyholder can get an annual average premium of $1,202 from GEICO. Meanwhile, an 18-year-old male will have to pay an average of $3,142 for a similar policy. The best way to get the most accurate rate is to compare personalized quotes regularly.
Shopping around for car insurance in Orlando could save you $660, which is enough to buy:
Cheapest Car Insurance in Orlando by Coverage Amount
In Orlando and elsewhere, one factor that majorly impacts how much you pay for your car insurance is the coverage level you choose. For example, in Orlando, a state minimum liability policy costs an average of $964. A full coverage policy with higher liability limits costs $1,862. That is a difference of $898.
Florida Minimum Liability Requirements
- Property Damage$10,000 for property damage. A more protective level is 100/300/100.
- Personal Injury Protection$10,000 per person.
Car insurance companies in Orlando offer several different levels of coverage. The cheapest option is to get a state minimum liability plan, which costs an average of $546 per year from GEICO. However, you may want to purchase additional coverage. You can get a 50/100/50 liability-only or full-coverage plan, which will allow you to claim $50,000 for medical bills per person, with a limit of $100,000 per vehicle, as well as $50,000 for property damage.
If you choose full coverage, your own expenses in case of an accident will also be covered. If there is only a small difference between the two, then full coverage may be the better option. For example, MetLife’s 50/100/50 liability-only policy costs an average of $1,716 — add $73 and you can get a 50/100/50 full-coverage plan.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
- CompanyState Minimumper year50 / 100 / 50per year
- Company50 / 100 / 50per year100 / 300 / 100per year
Cheapest Car Insurance in Orlando if You Have Driving Violations
If you want cheap car insurance in Orlando, then you should make sure you have a clean driving record. Having speeding tickets, DUIs and at-fault accidents will cause rate spikes. A driver with no violations can get an average $1,428 annual premium from State Farm. However, if you have a speeding ticket, your rate will increase by around $109. If you have been involved in an at-fault accident, your premium will be about $218 higher for a total of $1,646. DUIs are typically even more costly, as they can increase your rates by thousands of dollars per year.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
Average Cost of Car Insurance by Postal Code
Your place of residence also plays a role in determining the cost of your car insurance in Orlando. The difference between the cheapest and most expensive neighborhoods for auto coverage in Orlando is around $125. Drivers from ZIP code 32838 pay around $1,792, while drivers from ZIP code 32822 have an average annual premium of $1,917.
- Zip CodeState Minimumper year
Top Agents Offering Affordable Car Insurance in Orlando
Factors That Impact Insurance Costs in Orlando
In addition to individual driver needs and history, location-specific factors like personal injury protection coverage requirements and the percentage of uninsured motorists also contribute to car insurance rates in Orlando. How Orlando ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Orlando are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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