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The companies with the cheapest car insurance in Orlando, Florida, are Geico and State Farm, among others, according to Bankrate’s 2022 study of quoted annual premiums. For full coverage, the average cost of car insurance in Orlando is $2,698 per year or about $225 a month, and the average annual cost of minimum coverage is $1,036 or about $86 a month.
Although some Orlando drivers may prefer only minimum coverage, most insurance agents recommend buying higher coverage limits as long as you can reasonably afford to do so. Bodily injury and property damage liability help protect you financially if you are responsible for an accident resulting in injuries or property damage. You may have to pay damages directly if your liability limits are not high enough, and in Florida, minimum coverage limits are extremely low. Finding the Orlando carriers that offer the cheapest car insurance, financial strength and customer satisfaction can help you save and be financially protected.
Best cheap car insurance companies in Orlando
Bankrate found that the best cheap car insurance companies in Orlando include State Farm, Geico, Progressive and Allstate. We selected these insurance companies based on several criteria, including average annual premiums, coverage types and discounts offered, financial strength and customer satisfaction third-party ratings. These factors also contribute to the Bankrate Score for each carrier, out of five possible points, which can help you compare the best insurance companies based on which insurer attributes are most important to you. When shopping for the cheapest rates for auto insurance, it’s important to consider which providers stand out for more than just affordability.
|Insurance company||Bankrate Score||J.D. Power score (Florida region)||Average annual full coverage premium||Average annual minimum coverage premium|
Geico has affordable rates for full coverage, as well as the cheapest rates out of our Orlando car insurance companies for minimum coverage. Drivers can use the award-winning Geico mobile app to access and manage their policy, request roadside assistance and use the Easy Photo Estimate feature to decide if filing a claim is worth it.
Geico has competitive rates, various coverage options and several discounts available to Orlando drivers, and it scored above average in the Florida region for customer satisfaction. Because of this, Geico earned a 4.7 Bankrate Score.
Learn more: Geico Insurance review
State Farm is one of the best car insurance companies with some of the cheapest rates for full coverage in Orlando. This carrier not only offers affordable rates, but it also ranked above average for customer satisfaction in the 2022 J.D. Power Auto Insurance Study for the Florida region. The insurer also offers other ways to save, like its Drive Safe & Save program, which provides a financial incentive to practice safe driving habits. State Farm has exceptional financial strength, as indicated by its AM Best rating, and offers numerous options for coverage customization.
Learn more: State Farm Insurance review
Progressive offers a creative way to help you get the best rate for the budget-conscious shopper looking for the cheapest rates in Orlando. With its Name Your Price, you can compare coverage options that best fit your budget. Progressive also offers customizable coverage options, like gap insurance, rideshare coverage and custom parts and equipment.
However, Progressive’s average annual full and minimum coverage rates for car insurance in Orlando are higher than the other carriers on our list. It also scored below the industry average in the J.D. Power study. The rates and ratings resulted in a 4.4 Bankrate Score for Progressive. However, the insurer’s coverage options, discounts and financial strength ratings may still make this carrier worth considering to many Orlando drivers.
Learn more: Progressive Insurance review
Allstate is the second-highest ranked insurer in the Florida region of the J.D. Power study for customer satisfaction. While it has higher rates than other carriers on our list, it is generally comparable to Orlando’s average rates. Allstate has a few savings options to lower rates, depending on your driving habits. Policyholders can save by tracking their driving habits with the Drivewise app, which can help safe drivers earn lower rates. For those who do not drive very far regularly, Allstate’s Milewise may be a better option, as it is pay-per-mile insurance coverage. The carrier also offers unique coverage options, such as custom parts coverage, rideshare insurance and coverage for when you take a trip to Mexico.
Learn more: Allstate Insurance review
How to get and keep the cheapest car insurance in Orlando
Knowing how to obtain the cheapest car insurance in Orlando can help you pay the most affordable rates, but additional steps may be necessary to keep rates low over time. Practicing safe driving habits to maintain a clean driving record can help you earn the lowest quotes from insurers. To get and keep the cheapest car insurance, Orlando drivers may find the following tips useful:
- Shop and compare insurance providers. When searching for auto insurance, comparing quotes from multiple insurance providers is one of the best ways to find affordable rates. Consider the types of coverage you need and compare carriers with the same coverage types to find the best rate. You may consider shopping for your car insurance every time your policy is about to expire or as your life circumstances change and you want to ensure your rates are still competitive.
- Check rates before you move. If you plan to move to another city in Florida, comparing rates by ZIP code before you decide on a destination may help you find significant savings. Each city has different rates, and some ZIP codes may be more affordable than others.
Frequently asked questions
The best car insurance companies in Orlando, Florida, differ for each driver, depending on whether the top priority is affordability, specific coverage needs, customer satisfaction or financial strength. Comparing insurers based on these or other factors important to you will effectively help you find the best car insurance company in Orlando.
The average cost of car insurance in Orlando, Florida, is $2,698 per year for full coverage and $1,036 per year for minimum coverage. These city rates are similar to the average annual rates for Florida, which are $2,762 and $997 for full and minimum coverage. However, insurance costs may vary based on driver profiles, such as marital status, age, driving history, claims history, vehicle type and ZIP code.
There are several reasons car insurance rates in Orlando are high. Florida has the sixth-highest rate of uninsured motorists in the country and faces significant weather hazards each year. Orlando is also a tourist hotspot, which increases the number of people on the roadways and the chance of accidents. In addition, insurance regulations and claims histories in the state contribute to higher insurance costs.
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.