The words “cheap” and “insurance” really should not be used together, in particular when searching for the lowest insurance prices for nurses. Let’s open your eyes to some of the factors that have a considerable impact on insurance prices, and see if we can help you reduce the price of your next policy.
For health professionals, one of the largest criteria that aid in calculating the amount you pay for auto insurance is your address. Areas with high crime rates or more dense population will most likely have higher rates, whereas areas with less congestion profit from lower rates.
The following table sorts the most costly cities in Florida for nurses to buy car insurance in. Jacksonville is listed at #19 with an annual premium of $1,980 for car insurance, which is around $165 each month.
|8||West Palm Beach||$2,599|
|20||Port St. Lucie||$1,916|
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Information shown are approximated as specific location information can alter prices significantly.
The vehicle you are buying coverage for is one of the largest factors when shopping around for affordable coverage for nurses. Vehicles with economical engines, good safety features, or a track record of few liability claims will cost substantially less to insure than higher performance models. The data below presents insurance prices for a selection of the cheaper automobiles to buy coverage for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$1,072|
|Honda CR-V EX-L 4WD||$1,095|
|Ford F-150 XL Super Cab 2WD||$1,177|
|Ford Escape Limited 2WD||$1,242|
|Toyota RAV4 Limited 2WD||$1,270|
|Chevrolet Impala LT||$1,277|
|Ford Explorer XLT 2WD||$1,315|
|Toyota Corolla XLE||$1,338|
|GMC Sierra 2500HD SLE Regular Cab 4WD||$1,361|
|Jeep Grand Cherokee SRT-8 4WD||$1,367|
|Ford Edge SEL AWD||$1,366|
|Dodge Grand Caravan CV||$1,372|
|Toyota Camry LE||$1,392|
|Nissan Rogue SL AWD||$1,431|
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Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Premium costs do not factor in the specific area where the vehicle is garaged which can affect insurance rates noticeably.
Looking at the rates, you can presume that models like the Honda Accord, Honda CR-V, and Ford F-150 are the cheapest vehicles to insure for health professionals.
The information below demonstrates how deductible levels can influence annual premium costs when trying to find cheap insurance for nurses. The costs are based on a single male driver, comprehensive and collision coverage, and no discounts are factored in.
As shown above, a 40-year-old driver could cut expenses by $476 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $720 by changing to a $1,000 deductible. Young drivers, such as the 20-year-old chart data, could lower their rates as much as $1,582 each year just by choosing higher deductibles when buying full coverage. When choosing a higher deductible, it will be required to have plenty of savings on hand to be able to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
Full coverage or liability only
Finding cheaper insurance is the goal of most vehicle owners, and one easy way to pay lower rates for insurance for nurses is to only buy liability insurance. The diagram below illustrates the difference between annual premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Florida. The data assumes no accidents, no driving violations, $500 deductibles, drivers are not married, and no policy discounts are applied.
If averaged out across all ages, comp and collision coverage costs an extra $2,660 per year more than just insuring for liability. That is a big expense that brings up the question if full coverage is worth the money. There is no written rule for phasing out physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than around 10% of replacement cost minus your deductible, then you might want to consider buying only liability coverage.
There are some conditions where removing full coverage is not recommended. If you have an outstanding loan on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not opt for liability only.
Comparing rates can save you money
Jacksonville, FL insurance rates are determined by lots of factors that will increase or decrease the price you pay. Simply having a birthday, moving to a different location, or getting a ticket for careless driving can trigger rate changes resulting in some rates now being more affordable than competitors. Additionally, car insurance companies file new Florida auto insurance rates as needed in order to offset underwriting gains or losses. Unexpectedly high claims can result in more expensive prices, while lower claim levels can result in lower-cost Jacksonville car insurance rates.
For example, the data below shows the company with the cheapest car insurance in Jacksonville, FL for a 35-year-old female driver with a clean driving record, no accidents, and good financial standing. When comparing rates based on her current risk profile, USAA might offer the best car insurance rates in Jacksonville at $1,106 each year. This is $1,342 less than the average policy premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers also make the list of the most affordable Jacksonville, FL auto insurance companies.
The next chart shows rates after we give the driver from the above example a couple of claims, a lower credit rating, and a traffic citation. Since each auto insurance company has a different formula to establish rates, analyzing rates will most likely result in a different set of affordable Jacksonville car insurance companies as shown below.
USAA now has the best car insurance rate in Jacksonville with Mercury, State Farm, Esurance, and GEICO also being competitive. This demonstrates why it is important to do a thorough rate comparison when trying to find the most budget-friendly auto insurance quotes for nurses.
Insurance rates are calculated by many risk factors and change dramatically, so the cheapest company the last time you compared rates may now be one of the more expensive options.
How to find low-cost car insurance for nurses
Here are a few penny-pinching solutions that can help Jacksonville drivers get lower-cost car insurance.
- Frequent claims will increase rates
- Safe vehicles generally have lower rates
- Buying your home and auto policies from the same company can earn a discount
- Clean up your credit rating
- If your vehicles are older, consider dropping full coverage
- Higher deductibles save money
- Comparison shop frequently
The final tip is extraordinarily vital, as we noted in this article. Car insurance prices can change considerably based on profitability, so don’t be unwilling to buy a different policy if a better rate can be found. Loyalty to a specific company is fine, but it’s not a good idea if that faithfulness ends up costing you potentially thousands of dollars a year. If you have a few minutes, now is a great time to compare prices to find cheaper auto insurance for nurses in Jacksonville.
If you have questions and prefer to get some help when trying to find the best insurance rates for health professionals, the insurance agencies listed below are a good start to answer your questions and help you decide which coverages you need. To find a Jacksonville insurance agent closest to you, click the link after the list or click here to compare rates now.
Allstate Insurance: James R. Stamper
3450 Dunn Ave Ste 104 – Jacksonville, FL 32218 – (904) 765-2919
Connie Doyle State Farm Insurance Agency
14158 Marsh Woods Ct – Jacksonville, FL 32224 – (904) 223-0035
Michael Nickas – State Farm Insurance Agent
10920 Baymeadows Rd #7 – Jacksonville, FL 32256 – (904) 777-6888
Jim Register – State Farm Insurance Agent
12058 San Jose Blvd #302 – Jacksonville, FL 32223 – (904) 268-5522
Dwight Bacon Insurance Agency
6409 Merrill Rd – Jacksonville, FL 32277 – (904) 641-5940