How Much Does Auto Insurance Cost for Low Income Drivers in Florida?

How Much Does Auto Insurance Cost for Low Income Drivers in Florida?

The vehicle to be insured is one of the biggest factors that determines whether or not you can buy the cheapest insurance for low income drivers. Vehicles with high performance engines, poor safety ratings, or a high likelihood of having liability claims will cost quite a bit more to insure than safer models. The next tables presents insurance prices for some of the cheaper automobiles to buy coverage for.

Auto Insurance Rates for Popular Cars in Florida
Make, Model, and Trim Level Annual Cost Semi-Annual Cost Monthly Cost
Ford Fusion S 4-Dr Sedan $1,120 $560 $93
Honda Accord LX-P 4-Dr Sedan $946 $473 $79
Hyundai Elantra SE 4-Dr Sedan $1,186 $593 $99
Hyundai Sonata GLS 4-Dr Sedan $1,190 $595 $99
Kia Optima SX $1,282 $641 $107
Nissan Altima 2.5 4-Dr Sedan $1,120 $560 $93
Toyota Camry XLE $1,186 $593 $99
Volkswagen Jetta SEL 4-Dr Sedan $1,212 $606 $101
Get a Custom Quote for Your Car Go

Above prices assume married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Table data does not factor in specific Florida garaging location which can change rates considerably.

Insurance Rates for Popular SUVs and Crossovers in Florida
Make, Model, and Trim Level Annual Cost Semi-Annual Cost Monthly Cost
Acura RDX 2WD $1,038 $519 $87
BMW X5 M AWD $1,518 $759 $127
Chevrolet Suburban LTZ 4WD $1,238 $619 $103
Chevrolet Traverse LTZ AWD $1,064 $532 $89
Ford Escape XLT 2WD $946 $473 $79
Ford Explorer Eddie Bauer 2WD $1,054 $527 $88
GMC Acadia SLT 2WD $1,120 $560 $93
GMC Terrain SLE AWD $1,038 $519 $87
Honda CR-V EX 4WD $972 $486 $81
Honda Pilot LX 2WD $1,054 $527 $88
Jeep Grand Cherokee Laredo 4WD $1,120 $560 $93
Toyota Highlander Limited 4WD $1,238 $619 $103
Toyota RAV4 Limited 2WD $1,120 $560 $93
Get a Custom Quote for Your SUV or Crossover Go

Table data represents married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Premium costs do not factor in your specific Florida location which can raise or lower auto insurance rates significantly.

Auto Insurance Rates for Popular Pickup Trucks in Florida
Make, Model, and Trim Level Annual Cost Semi-Annual Cost Monthly Cost
Chevrolet Silverado 3500HD LT Crew Cab 4WD $1,442 $721 $120
Chevrolet Silverado LTZ Extended Cab 4WD $1,212 $606 $101
Dodge Ram 2500 Mega Cab SLT 2WD $1,376 $688 $115
Dodge Ram 3500 Crew Cab Laramie 4WD $1,672 $836 $139
Dodge Ram Quad Cab Laramie 2WD $1,308 $654 $109
Ford F-150 STX Regular Cab 2WD $1,028 $514 $86
Ford F-250 King Ranch Crew Cab Turbo Diesel 4WD $1,442 $721 $120
Ford F-350 Super Cab Harley Edition 2WD $1,266 $633 $106
GMC Sierra SLT Crew Cab 4WD $1,306 $653 $109
Toyota Tundra Regular Cab 4WD $1,216 $608 $101
Get a Custom Quote for Your Truck Go

Price data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Prices do not factor in specific location which can raise or lower premium rates greatly.

For poor drivers, one of the big factors that is looked at to help calculate the policy price is where your car is garaged in Florida. Areas with increased crime or more people like Hialeah, Miami, and West Palm Beach are more likely to have higher rates, whereas cities that are not as densely populated benefit from lower coverage costs.

The table below shows the highest-priced places in Florida for low income drivers to buy auto insurance in.

Most expensive Florida cities for auto insurance
Rank City Average Per Year
1 Hialeah $3,488
2 Miami Gardens $3,277
3 Miami $3,145
4 Miami Beach $3,013
5 West Palm Beach $2,705
6 Miramar $2,683
7 Hollywood $2,630
8 Tampa $2,610
9 Pompano Beach $2,518
10 Pembroke Pines $2,505
11 Fort Lauderdale $2,475
12 Coral Springs $2,474
13 Davie $2,473
14 Brandon $2,368
15 Clearwater $2,260
16 St. Petersburg $2,219
17 Spring Hill $2,102
18 Jacksonville $2,020
19 Orlando $2,008
20 Port St. Lucie $1,994
Compare Prices Now Go

Table data uses approximated as the vehicle garaging location can alter coverage rates noticeably.

Finding reliable, reasonably-priced car insurance is not the easiest thing to do, and determining which companies have the cheapest auto insurance rates for low income drivers involves even more perseverance. Every insurance company has their own unique process for determining prices, so let’s begin by examining the auto insurance companies with the most affordable rates in Florida.

It’s a good idea to be aware that Florida auto insurance rates are impacted by many things that control the price you have to pay. This price fluctuation is why Florida drivers need to compare as many rates as possible to find the most economical car insurance rates for low income drivers. Prices are impacted by many things and change frequently, so the most economical option the last time you compared rates may now be quite expensive.

Cheapest Insurance Rates in Florida

Start Your Free Quote

Florida car insurance ranked by cost per year
Rank Company Cost Per Year
1 USAA $957
2 Electric $1,764
3 Amica $1,764
4 Progressive $1,775
5 Travelers $1,888
6 Allied $1,926
7 Mercury $1,973
8 Esurance $2,040
9 State Farm $2,068
10 GEICO $2,108
11 Auto-Owners $2,171
12 Allstate $2,388
13 21st Century $2,445
14 Windhaven Insurance $2,653
15 MetLife $2,900
16 Hanover $2,934
17 Safeco $3,016
18 Liberty Mutual $3,101
19 United Automobile $3,562
20 Direct General $4,062
Quote Your Rates Go

USAA has some of the best car insurance rates in Florida at around $957 annually. Electric, Amica, Progressive, and Travelers would also be considered some of the cheapest Florida auto insurance companies.

In the above example, if you are a policyholder with Progressive and switched to Electric, you could see an annual savings of roughly $11. Drivers with Travelers may save as much as $124 a year, and Allied insureds might reduce prices by as much as $162 a year.

To find cheap auto insurance for low income drivers in Florida for your vehicle, click here to begin a quote or quote prices from the following companies.

Bear in mind that those rates are averages across all types of drivers and the different vehicles they drive and and are not figured with a price decrease for low income drivers. So the auto insurance company that is most affordable for your situation may not even be in the above list. That affirms the importance of why you need to compare prices as often as possible using your own individual information.

How to find a good Florida auto insurance company

Buying coverage from the right insurance company can be a challenge considering how many companies there are in Florida. The company ratings shown next could help you decide which auto insurance companies to look at when shopping car insurance rates for low income drivers. These rankings are for companies with a national presence, so smaller companies are not taken into consideration for the list.

Top 10 Large Auto Insurance Providers in Florida Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. AAA Insurance
  5. Safeco Insurance
  6. Progressive
  7. The Hartford
  8. The General
  9. 21st Century
  10. Esurance