The vehicle model you are trying to insure is one of the largest considerations when shopping around for the cheapest coverage for college graduates. Vehicles with higher performance, poor safety features, or a high likelihood of having liability claims will cost more to insure than more modest models.
The data below shows car insurance premiums for some of the most affordable automobiles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda Odyssey LX||$1,224|
|Honda CR-V EX 2WD||$1,260|
|Honda Accord LX-P 4-Dr Sedan||$1,265|
|Ford Escape Limited 2WD||$1,293|
|Volkswagen Jetta 2.0T Station Wagon||$1,307|
|Jeep Grand Cherokee Laredo 4WD||$1,322|
|Toyota RAV4 4WD||$1,329|
|Chevrolet Equinox LS 2WD||$1,322|
|Dodge Grand Caravan CV||$1,367|
|Ford Edge Sport AWD||$1,393|
|Toyota Corolla S||$1,402|
|Nissan Rogue SL 2WD||$1,417|
|GMC Sierra SLE Extended Cab 4WD||$1,423|
|Toyota Tacoma 4WD||$1,419|
|Chevrolet Malibu LS||$1,446|
|Ford Focus S 4-Dr Sedan||$1,455|
|Ford Explorer Eddie Bauer AWD||$1,474|
|GMC Sierra 2500HD SLT Extended Cab 4WD||$1,488|
|Ford Fusion SEL AWD 4-Dr Sedan||$1,515|
|Ford F-150 Lariat Crew Cab 2WD||$1,522|
|Hyundai Elantra Blue 4-Dr Sedan||$1,524|
|Toyota Camry SE||$1,527|
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Prices above based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Price estimates do not factor in garaging location in Jacksonville, FL which can influence auto insurance rates significantly.
Looking at the rates, models like the Honda Odyssey, Honda CR-V, Honda Accord, and Ford Escape are some of the more affordable vehicles to insure for college grads.
Buying cost effective car insurance is not the easiest thing to accomplish, and finding out which companies offer the cheapest auto insurance rates for college graduates will require even more shopping around. Each company has their own unique process to determine premium rates, so let’s rank the auto insurance companies with the overall best prices in Jacksonville, FL.
It’s a good idea to be aware that Florida auto insurance rates are impacted by many factors that may substantially change the cost of a policy. Events such as a birthday, buying a different home, or having a fender bender may prompt premium changes that can now make some companies way too expensive in comparison to the competition.
Lowest Insurance Price Quotes for Grads
|Rank||Company||Cost Per Year|
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USAA offers some of the best car insurance rates in Jacksonville at around $986 annually. Electric, Amica, Progressive, and Mercury also are some of the most economical Jacksonville, FL auto insurance companies.
In the above example, if you have coverage with Electric and switched to USAA, you might achieve yearly savings of in the neighborhood of $778. Policyholders with Amica might save as much as $778 a year, and Progressive policyholders might reduce prices by as much as $843 a year.
To find cheaper insurance rates for your vehicle, click here to start a quote or quote rates from the companies below.
Be aware that those estimates are averages across all insureds and vehicles and are not factoring in an exact zip code location for college graduates. So the car insurance company that is best for you may not even be in the list above. That emphasizes why you need to get car insurance quotes using your own driver information and specific vehicle type.
One of the many factors that aid in calculating auto insurance rates is the neighborhood you call home. Regions with larger populations or more claims tend to have higher auto insurance costs, whereas areas that tend to be more rural have the luxury of cheap car insurance rates.
The next table shows the most costly cities in Florida for college graduates to purchase car insurance in. Jacksonville makes the list at #17 with an annual premium of $2,040 on average, which is around $170 monthly.
|5||West Palm Beach||$2,625|
|20||Port St. Lucie||$1,975|
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Rates are comparative as specific Jacksonville garaging address can lower or raise insurance rates greatly.
The chart below highlights how deductible selection can impact insurance prices when researching cheap insurance for college graduates. The data assumes a single male driver, comp and collision included, and no additional discounts are factored in.
In the chart above, a 40-year-old driver could lower their policy premium by $344 a year by switching from a $100 deductible up to a $500 deductible, or save $518 by using a $1,000 deductible. Younger drivers, like the Age 20 category, can cut as much as $1,126 or even more by choosing a higher deductible.
When increasing deductibles, it is necessary to have spare funds to be able to cover the extra out-of-pocket expense that deters many people from opting for higher deductibles.
Does full coverage make sense?
Buying cheaper auto insurance is probably important to most people, and a good way to pay less for insurance for college graduates is to not insure for full coverage. The illustration below shows the comparison of insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Florida. The rates are based on no driving violations, no at-fault accidents, $1,000 deductibles, single marital status, and no discounts are applied to the premium.
If we average the cost for all age groups, full coverage costs $1,747 per year more than just buying liability insurance. That is a big expense that brings up the question if you should buy full coverage at all. There isn’t a steadfast formula to stop paying for comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.
For example, let’s say your vehicle’s replacement value is $10,500 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would receive is $9,500 after the deductible is paid. If you are paying more than $950 annually for full coverage, then it might be time to buy liability only.
Your cheap policy may actually be overpriced
Jacksonville, FL auto insurance rates are influenced by many factors that can increase the cost of having a policy. Simply getting older, moving to a different location, or getting into an accident may prompt premium changes that can make some companies cheaper than competitors. Additionally, auto insurance companies file new Florida car insurance rates as needed in order to remain profitable. Higher than normal claims can cause increased rates, while a lower level of claims may produce cheaper Jacksonville car insurance rates.
To illustrate this point, the chart below shows the company with the cheapest car insurance in Jacksonville, FL for a 35-year-old female driver with a good driving record, no prior claims, and great credit. If we look at prices based on her current risk factors, USAA might quote the lowest car insurance rates in Jacksonville at $1,128 a year. This is $1,320 less than the average price paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers round out the rest of the top five cheapest Jacksonville, FL auto insurance companies.
In the next rate comparison, we’ll give the driver from the first rate comparison an at-fault accident, a lower credit rating, and a few blemishes on her driving record. Because each insurer has their own process for filing rates in each state, comparing prices may now present a significantly different list of the cheapest car insurance companies in Jacksonville as shown below.
USAA now has the best price in Jacksonville, FL with Allied, State Farm, Esurance, and GEICO completing the list. This example demonstrates why drivers need to compare lots of rates when trying to get the most affordable auto insurance quotes for college graduates. Insurance prices consist of many risk factors and can increase or decrease at any time, so the cheapest option the last time you compared rates may now be wasting a lot of money.
The auto insurance agents in Jacksonville shown below can probably help you determine which coverage fits your budget, since some drivers aren’t sure which coverage they need and prefer to get some help when comparing insurance rates for college grads. It can be hard to find the cheapest auto insurance company, and professional agents can provide you satisfaction knowing your policy gives you enough coverage if you have a claim. To locate a Jacksonville car insurance agency using an interactive map, click the button below the list or click here to compare price quotes now.
- Mike Bell Insurance Agency
1819 3rd St N – Jacksonville Beach, FL 32250 – (904) 372-2355
13947 Beach Blvd #206 – Jacksonville, FL 32224 – (904) 992-0002
- A and B Insurance Agency, Inc
2153 Blanding Blvd – Jacksonville, FL 32210 – (904) 388-6446
- Erwin Insurance, LLC
841 Prudential Drive, 12th Floor – Jacksonville, FL 32207 – (904) 764-7531
- Vonnie Wiggins – State Farm Insurance Agent
11757 Beach Blvd #7 – Jacksonville, FL 32246 – (904) 641-0090