The vehicle model you are trying to insure is one of the largest factors that determines whether or not you can buy the best cheap insurance for good students. Vehicles with average performance, excellent safety ratings, or low incidents of liability claims will cost much less to insure than high performance models. The list below illustrates coverage prices for some of the cheaper automobiles to insure in Florida.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord EX 4-Dr Sedan | $4,375 |
| Honda CR-V LX 2WD | $4,383 |
| Ford Escape XLT 4WD | $4,413 |
| Hyundai Elantra SE Touring Station Wagon | $4,680 |
| Toyota Prius | $4,720 |
| Dodge Grand Caravan CV | $4,920 |
| Toyota Tacoma 4WD | $4,929 |
| Volkswagen Jetta 2.0T Station Wagon | $4,987 |
| Chevrolet Impala LT | $5,187 |
| Chevrolet Malibu LS | $5,195 |
| Chevrolet Equinox LS 2WD | $5,187 |
| Toyota RAV4 4WD | $5,197 |
| Ford Explorer Limited 2WD | $5,227 |
| Ford F-150 FX4 4WD | $5,233 |
| Honda Odyssey EX-L W/Rear Entertainment | $5,454 |
| Toyota Corolla XLE | $5,463 |
| Toyota Camry XLE | $5,454 |
| Ford Edge Sport AWD | $5,460 |
| Ford Fusion Sport 4-Dr Sedan | $5,494 |
| Jeep Grand Cherokee SRT-8 4WD | $5,499 |
| Start a Quote Go | |
Data based on single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate information does not factor in specific garaging location which can alter premiums substantially.
Looking at the data, we can presume that cars like the Honda Accord, Honda CR-V, Ford Escape, Hyundai Elantra, and Toyota Prius are the most affordable vehicles to insure for student drivers.
Determining which company has the most affordable car insurance rates for good students involves a little more sweat in order to find the most economical policy.
Each insurance company has their own process to establish rates, so let’s look at the rankings for the most budget-friendly car insurance companies in Florida. It’s important to understand that Jacksonville car insurance rates are calculated based on many things which can substantially change the policy premium. Improving your credit score, marrying your spouse, or having an accident can trigger rate changes that can now make some companies cheaper than before.
Cheapest Insurance Rates for Students
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $957 |
| 2 | Electric | $1,694 |
| 3 | Amica | $1,746 |
| 4 | Progressive | $1,829 |
| 5 | Travelers | $1,888 |
| 6 | Mercury | $1,914 |
| 7 | Allied | $1,945 |
| 8 | Esurance | $2,020 |
| 9 | State Farm | $2,068 |
| 10 | Auto-Owners | $2,085 |
| 11 | GEICO | $2,086 |
| 12 | Allstate | $2,317 |
| 13 | 21st Century | $2,445 |
| 14 | Windhaven Insurance | $2,549 |
| 15 | MetLife | $2,958 |
| 16 | Safeco | $3,016 |
| 17 | Hanover | $3,024 |
| 18 | Liberty Mutual | $3,131 |
| 19 | United Automobile | $3,527 |
| 20 | Direct General | $4,022 |
| Quote Your Rates Go | ||
USAA has some of the cheapest car insurance rates in Jacksonville at around $957 annually. Electric, Amica, Progressive, and Travelers also rank well as some of the lowest-priced Jacksonville, FL auto insurance companies.
In the above example, if you have coverage with Electric and switched to USAA, you could see savings of around $737. Customers with Amica could save as much as $789 a year, and Progressive insureds might lower prices by $872 a year.
Understand that those premiums are averages across all ages of drivers and types of vehicles and and are not figured with an exact vehicle garaging location for good students. So the auto insurance company that is best suited for you may not even be in the list above. That points out the importance of why you need to get quotes using your own driver and vehicle profiles.
The chart below shows how choosing a deductible can influence premium costs when researching cheap insurance for good students. The premium estimates are based on a single male driver, full physical damage coverage, and no additional discounts are factored in.
A 50-year-old driver could cut expenses by $344 a year by changing from a $100 deductible to a $500 deductible, or save $518 by using a $1,000 deductible. Young drivers, like the 20-year-old example, can save as much as $1,126 each year by choosing larger deductibles on their policy. When raising deductibles, it will now be necessary to have enough funds in savings to cover the extra out-of-pocket expense associated with higher deductibles.
How accidents and violations affect rates
The obvious way to find the most affordable car insurance rates in Jacksonville for student drivers is to drive attentively and not have accidents or get tickets. The chart below illustrates how speeding tickets and accidents can drive up premium costs for different age categories. The premiums are based on a single female driver, comprehensive and collision coverage, $250 deductibles, and no additional discounts are factored in.
In the chart above, the average cost of a car insurance policy per year with no accidents and a clean driving record is $2,077. Get two speeding tickets and the average cost increases to $2,788, an increase of $711 each year. Now add in two accidents along with the two speeding tickets and the 12-month cost of car insurance for good students increases to an average of $5,407. That’s an increase of $3,330, or $278 per month, just for not being a responsible driver!
How to find budget-friendly insurance for good students
It’s not impossible to find cheaper rates, and here are some of the better penny-pinching ideas that can help Florida drivers get cheap auto insurance.
- Remain accident-free and save
- Drivers with good credit often pay less
- Safer vehicles generally have cheaper insurance rates
- Increase physical damage deductibles
- Do not waste money insuring older vehicles for full coverage
- Avoid speeding and other traffic citations and pay less
- Compare rate quotes often
The last item on the list is certainly crucial, as was emphasized in this write-up. Coverage rates change constantly, so you should be ready to change to a new company if you find a better deal. Brand loyalty is not necessarily bad, but we do not recommend it if that inflexibility results in costing you big bucks every year. In less than five minutes you could shop around and find cheaper insurance for good students in Jacksonville.