How Much Does Auto Insurance Cost for a 20 Year Old Female in Florida?

When writing about car insurance, the word affordable really should not be used anywhere in the article to describe car insurance rates. It’s a simple fact that cheap auto insurance for 20 year old women can be hard to find. But don’t let that discourage you, because we will teach you how you can find coverage that won’t break your budget.

Trying to find reasonably-priced auto insurance is difficult, and deciding which insurers offer the cheapest auto insurance rates for 20 year old women takes even more work. Policy rates could be significantly more expensive than the average policy in Florida because of the potential for higher claims that comes with selling coverage for young women, but reasonable coverage should be possible if you carefully shop around. Each auto insurance company has a different process for determining prices, so first we will examine the auto insurance companies with the overall best prices in Florida.

Keep in mind that Florida auto insurance rates are calculated based on many things which can substantially change the price of coverage. Getting older, marrying your spouse, or having an at-fault accident can trigger price changes that can cause some rates to be more affordable than before.

Best Car Insurance Prices for Women Age 20

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USAA may offer some of the most affordable car insurance rates in Florida at around $986 per year. Amica, Electric, Progressive, and Allied would also be considered some of the lowest-priced Florida car insurance companies.

As shown above, if you currently buy coverage from Electric and switched to USAA, you may realize an annual savings of approxmiately $760. Policyholders with Progressive may save as much as $807 a year, and Allied customers might reduce rates by $959 a year.

Understand that those prices are averages across all ages of drivers and types of vehicles and do not take into consideration a price increase for 20 year old women. So the company that fits you best may not even be featured in the above rate chart. That points out the importance of why you need to get rate quotes from many companies using your own specific driver and vehicle information.

The vehicle model requiring insurance is probably the most important factor that determines if you can find affordable coverage for 20 year old women. Vehicles with high performance features, a lack of safety features, or a track record of large liability claims will cost quite a bit more to insure than more economical and safe models. The tables below illustrates auto insurance rates for a selection of the more afforable vehicles to buy coverage for.

Above prices assume single female driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium amounts do not factor in your specific Florida location which can alter premium rates greatly.

Cost estimates assume single female driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, and claim-free. Information does not factor in garaging location in Florida which can lower or raise premiums noticeably.

Table data assumes single female driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium costs do not factor in specific garaging location which can alter auto insurance rates significantly.

For young women, one of the more important criteria that car insurance companies use to determine the amount you pay each year for auto insurance is where you keep your car in Florida. Areas that are more densely populated like Hialeah, Miami Gardens, and Miramar likely pay more, whereas areas with fewer weather claims and lower vehicle theft rates benefit from having to pay less for coverage.

The information below displays the most expensive places in Florida for 20 year old women to purchase auto insurance in.

Rate information is estimated as the vehicle garaging location can raise or lower premium rates substantially.

Reckless driving habits raise Florida auto insurance rates

A great way to snag the most affordable auto insurance premiums in Florida for young women is to be a good driver and maintain a clean driving record. The example below illustrates how speeding tickets and at-fault fender-benders influence car insurance costs for different ages of insureds. The information is based on a married male driver, full coverage, $250 deductibles, and no discounts are factored in.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and Two Accidents’],[‘Age 20’, 3229,3501,5897],[‘Age 30’, 1697,1971,4365],[‘Age 40’, 1633,1909,4301],[‘Age 50’, 1495,1769,4163],[‘Age 60’, 1467,1741,4135],[‘Age 70’, 1687,1965,4361]]);var options = {title: ‘Impact of Tickets and Claims on Florida Insurance Cost’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Florida’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

The chart shows that the average cost of auto insurance in Florida per year with no violations or accidents is $1,868. Receive one speeding ticket and the average cost increases to $2,143, an increase of $275 each year. Then include two accidents along with the one speeding ticket and the yearly cost of auto insurance for 20 year old women goes up to an average of $4,537. That’s an increase of $2,669, or $222 per month, just for being a careless driver!

Does it make sense to buy full coverage?

Finding cheap auto insurance for 20 year old women in Florida is the goal of most people, and one way to find cheap insurance is to buy liability only. The diagram below compares annual premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Florida. The premiums assume a clean driving record, no claims, $250 deductibles, marital status is single, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $250 Deductibles’, ‘Liability Only’],[‘Age 20’, 5033,1665],[‘Age 30’, 2583,911],[‘Age 40’, 2561,843],[‘Age 50’, 2331,789],[‘Age 60’, 2255,775],[‘Age 70’, 2767,1039]]);var options = {title: ‘Savings of Only Insuring for Liability’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Florida’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

If we average all the age groups together, full coverage on your policy costs an extra $2,922 per year more than carrying just liability coverage. That proposes the question if full coverage is worth the money. There is no set guideline of when to drop full coverage, but there is a general guideline. If the annual cost of having full coverage is more than about 10% of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.