Cheapest and Best Car Insurance in Orlando, FL (July 2024)

In Orlando, Florida, GEICO is the cheapest for minimum coverage, while State Farm is the most affordable for full coverage. Nationwide offers the lowest rates for families with teen drivers. State Farm excels overall in cost and service, but Mercury leads in customer service. Your ideal provider depends on your specific needs and preferences.

MoneyGeek found that GEICO offers the cheapest car insurance in Orlando.

• GEICO: $634 per year
• State Farm: $728 per year

Direct General Insurance has the highest annual premium at $1,805. The $1,171 difference from GEICO shows the benefit of comparing rates to save money.

In Florida, state law sets car insurance minimums for every city, including Orlando:

• $10,000 property damage liability per accident
  
• $10,000 personal injury protection per person

For example, if you have a minimum coverage policy and are at fault in an accident with $15,000 in bodily injury to one person, your insurance wouldn't cover it since bodily injury liability isn't included in the required minimums. You'd be responsible for any costs exceeding your coverage limits, so consider this when selecting your policy.

MoneyGeek found that State Farm offers the cheapest full coverage car insurance in Orlando:

• State Farm: $1,444 per year
• GEICO: $1,604 per year

Direct General Insurance is the most expensive option at $3,325 annually. The $1,881 difference from State Farm's rate emphasizes the importance of shopping around for car insurance.

A full coverage policy in Orlando expands to $100,000 for bodily injury per person, $300,000 per incident and $100,000 for property damage per accident, commonly called a 100/300/100 policy.

In addition to higher liability limits, full coverage includes:

• Collision insurance covers repair costs if your vehicle collides with another vehicle or object (like a light pole or tree) or sustains damage from a rollover or hitting a pothole.
• Comprehensive insurance covers damage or loss from non-collision incidents, such as theft, natural disasters, vandalism, fires and hitting animals like deer.

Full coverage insurance is typically mandatory for leased or financed vehicles. It's a smart financial move for protecting new cars, but the higher premium might not be justified for older vehicles. To determine the right amount of car insurance, carefully evaluate your needs. More coverage increases premiums, while less coverage may leave you underinsured.

MoneyGeek found that State Farm offers the cheapest rates for drivers with a poor record across various driving offenses:

• Speeding Ticket: $1,629 per year
• At-Fault Accident: $1,770 per year
• DUI: $1,629 per year

Nationwide's rate after a DUI is $4,569, which is $2,940 higher than the cheapest option for the same violation. This stark difference highlights how rates increase with the severity of the driving offense.

In Orlando, insurance rates are higher for drivers with serious offenses due to their increased risk. For example, those with a speeding ticket pay around $3,486 annually, while DUI offenders face higher rates, averaging $3,989 per year. This difference highlights the need for drivers with offenses to compare quotes for maximum savings.

MoneyGeek found that Nationwide offers the cheapest full coverage car insurance for teens in Orlando.

• Nationwide: $3,440 per year for female teens and $3,875 per year for male teens
• State Farm: $3,817 per year for female teens
• GEICO: $4,420 per year for male teens

These rates show the costs for two parents and a teen driver. Travelers has the most expensive policy for families with teen drivers, charging $6,643 for male teens. The $2,768 difference between Nationwide's and Travelers' premiums for male teens highlights the importance of comparing prices, especially when insuring teen drivers who are considered high risk.

In Orlando, teen car insurance costs vary between individual policies and family plans. Teens face a high average annual premium of $10,112 for individual coverage, compared to about $5,310 when added to a family plan. Insurers charge more for teen drivers because they're higher risk and inexperienced, leading to more claims than adult drivers. Getting an individual policy can be tough for teens without adult financial backing and a driving history. Opt for a family plan for lower premiums and higher chances of approval.

MoneyGeek found that State Farm offers the most affordable full coverage car insurance in Orlando for military members.

• State Farm: $1,444 per year
• GEICO: $1,604 per year

While USAA provides specialized services and competitive pricing for military personnel, this dataset doesn't include it. Nevertheless, USAA operates in Florida and offers highly competitive rates nationwide. Eligible individuals are encouraged to obtain a quote directly from USAA to compare rates and services.

Comparing insurance rates in Orlando can save you money, but it can take over 15 minutes per company or over an hour to review three. MoneyGeek's car insurance calculator simplifies this. Input your age, driving history, credit score and coverage needs to get a customized estimate fast, saving time and money.

To find the right auto insurance provider in Orlando, consider factors like service quality, cost and coverage. MoneyGeek's scoring system simplifies this evaluation:

• Best overall: State Farm (MoneyGeek score: 85 out of 100)
• Best for service: Mercury (MoneyGeek score: 83 out of 100)
• Best cheap: Mercury (MoneyGeek score: 85 out of 100)

State Farm provides the best value, balancing quality service and affordability. Mercury, with its high cost-effectiveness and satisfaction scores, is a great choice for budget-conscious drivers seeking an excellent customer experience.

MoneyGeek found that State Farm offers the best car insurance in Orlando.

• State Farm: MoneyGeek score of 85 out of 100 ($1,444 per year)
• Mercury: MoneyGeek score of 82 out of 100 ($2,178 per year)

State Farm achieves the highest overall MoneyGeek score, with its perfect affordability score and strong customer satisfaction rating. It's the top choice for drivers seeking full coverage policies that combine cost-effectiveness with quality service.

MoneyGeek found that Mercury is the best option in Orlando for drivers who value reliable, responsive customer service in car insurance.

• Mercury: MoneyGeek score of 83 out of 100 ($2,178 per year)
• State Farm: MoneyGeek score of 75 out of 100 ($1,444 per year)

This ranking is based on high customer satisfaction, exceptional claims handling and comprehensive coverage options, without considering insurance rates.

MoneyGeek found that Mercury provides the best cheap car insurance in Orlando, with a balanced mix of affordability and quality service.

• Mercury: MoneyGeek score of 85 out of 100 ($843 per year)
• State Farm: MoneyGeek score of 85 out of 100 ($728 per year)

Mercury's exceptional satisfaction and claims scores significantly contribute to its overall MoneyGeek rating. This score applies specifically to minimum coverage policies.

The average car insurance cost in Orlando is about $2,146 per year, lower than the state average of $2,392 and higher than the national average of $1,781.

Premiums vary by location due to factors like accident frequency, theft rates and legal costs. In Florida, Gainesville has the lowest average of $1,699, while Hialeah has the most expensive premium at $3,233. The $1,534 difference highlights how location affects insurance premiums. Rural areas with less traffic density have lower rates.