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The cheapest car insurance company in Jacksonville, Fla., is State Farm, according to Bankrate’s study of quoted annual premiums. Florida is typically an expensive state for auto insurance, given the volatile weather conditions and high volume of drivers on the roadways. Jacksonville is no exception, with the average cost of car insurance in Jacksonville being $2,503 annually for full coverage, or $209 per month, and $886 annually for minimum coverage. These rates are well-above the 2022 national average cost of insurance at $1,771 per year for full coverage and $545 per year for minimum coverage.
The higher coverage costs likely lead many drivers to seek the most affordable rates possible. While it may be tempting to only select a provider based on the cheapest rates, insurance professionals advise taking a more comprehensive approach and reviewing several factors rather than price alone. This ensures you find the right coverage for your budget.
Best cheap car insurance companies in Jacksonville
The Florida car insurance companies in Jacksonville offering the cheapest rates are national providers — State Farm, Geico, Allstate and Progressive — according to Bankrate’s 2022 analysis of rates from Quadrant Information Systems. In addition to reviewing rates, a Bankrate Score is calculated for each provider. Bankrate’s proprietary scoring system weighs many factors, including an insurance provider’s coverage and discount options, third-party ratings like those from J.D. Power and A.M. Best and assigns a Score out of five points. This provides a well-rounded view of not only the cheapest companies, but the best car insurance in Jacksonville overall.
|Insurance company||Bankrate Score||J.D. Power score (Florida region)||Average annual premium for full coverage||Average annual premium for minimum coverage|
Geico, the second-largest U.S. auto insurer based on market share according to the Insurance Information Institute (Triple-I), ranks at the top for cheapest average rates in Jacksonville based on our study, but does not perform as well in the 2021 J.D. Power auto customer satisfaction survey. Its J.D. Power score comes in at 823 out of 1,000 points, which is below the regional average and indicates there may be room for improvement in some areas. Where Geico does excel is the volume of discounts it offers for a variety of categories. From military members and affiliation discounts to good student and paperless statements, Geico has a multitude of ways to save on premiums.
Learn more: Geico Insurance review
State Farm, the largest U.S. auto insurer, ranks second for the cheapest average rates in Jacksonville of providers included on our list. In addition to the cheapest rates, State Farm also tops J.D. Power rankings for customer satisfaction in the Florida region. State Farm boasts an A++ (Superior) financial strength rating from AM Best, the highest level possible, which indicates its strong historical ability to pay out claims so you can have higher confidence in the provider when you need it most. State Farm is also a good option for consumers who like to shop for their insurance in person, as it has an exclusive network of agents throughout Northeast Florida.
Learn more: State Farm Insurance review
Allstate offers competitive rates in Jacksonville and also ranks high in the J.D. Power customer satisfaction survey. The fourth-largest auto insurance provider scores 846 out of 1,000 points, indicating higher customer service marks in Florida. While Allstate does not have the least expensive average rates among the companies included on our list, it does offer numerous discounts, including multi-policy and claims-free savings. For those drivers who like to shop for insurance in person, the company has a network of exclusive and independent agents throughout the Jacksonville area.
Learn more: Allstate Insurance review
Progressive is the third-largest U.S. auto insurance provider according to the Triple-I. Although it ranks fourth overall for the cheapest average car insurance companies in Jacksonville and has a higher average premium than the city-wide average, Progressive is known for its budget-conscious offerings. For example, its Name Your Price tool lets you find a policy tailored to your desired budget. While Progressive has the highest average premiums of the four providers, there are many discounts available, such as policy bundling and young driver discounts.
Learn more: Progressive Insurance review
How to get and keep the cheapest car insurance in Jacksonville
Finding the cheapest car insurance companies is one task, but keeping the cheapest rates possible is another. Finding and maintaining the cheapest car insurance in Jacksonville involves a couple of steps.
- Find the right coverage limits. Carefully review all available coverage options to determine how much you may want to purchase in addition to what’s legally required. While you may not purchase all the options offered, you should make sure your coverage is adequate enough to prevent as many out-of-pocket expenses as possible in the event of a claim, as a major loss can be financially devastating.
- Review coverage after major life events. Experiencing a big life event, such as relocating, getting married, buying a new home or having a child, often presents an ideal time to either shop or review your coverage. Your auto insurance needs shift throughout your life, which means you may be able to find new ways to save.
Frequently asked questions
There are a wide range of providers to choose from, but the best car insurance company is the one closely suited to your individual needs. Comparing multiple national and regional providers is an effective method for finding the right coverage, including comparing coverage options, discounts, third-party customer service rankings and financial strength ratings.
There are several methods for obtaining the most affordable rates for car insurance in Jacksonville, including comparison shopping among numerous providers, taking advantage of discounts and carefully selecting only coverage you determine necessary for your needs. You can also review options for deductibles and find the most cost-effective amount for your budget.
Most reputable insurance companies, including the best car insurance companies in Jacksonville, have options for obtaining quotes and purchasing a policy online. To do so, you simply need to enter your basic personal information, including the driver’s license numbers and birthdates of everyone who will be listed on the policy, as well as the vehicle identification number (VIN), and carefully review coverage options before selecting your policy.
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2020 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should only be used for comparative purposes.
Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for drivers to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support.
To determine how well the best car insurance companies satisfy these priorities, third-party agency ratings from J.D. Power, AM Best, S&P, NAIC, and Moodys had the most impact on the companies’ Bankrate Scores. As price is a common consideration for drivers, we analyzed quoted premiums based on 40-year-old male and female drivers with a 2019 Toyota Camry. This profile, assessed across more than 35,000 ZIP codes in the U.S., provided a basis on which drivers may compare each provider.
While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer’s online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores.