How Much are Auto Insurance Quotes for Low Income Drivers in Jacksonville?

For poor drivers, one of the big factors that help determine the amount you pay each year for auto insurance is where you keep your vehicle in Jacksonville. Regions with more people or even just more weather-related claims are more likely to pay higher prices, whereas areas with lower crime rates and fewer weather claims have the luxury of cheap car insurance rates.

The next table shows the most costly cities in Florida for low income drivers to buy auto insurance in. Jacksonville shows up at #18 costing $2,040 for the average insurance policy, which is around $170 each month.

How much does car insurance cost in Jacksonville, FL?
Rank City Annual Premium
1 Hialeah $3,488
2 Miami $3,273
3 Miami Gardens $3,149
4 Miami Beach $3,013
5 Miramar $2,709
6 West Palm Beach $2,625
7 Hollywood $2,604
8 Pompano Beach $2,595
9 Fort Lauderdale $2,576
10 Coral Springs $2,549
11 Tampa $2,532
12 Davie $2,473
13 Pembroke Pines $2,431
14 Brandon $2,368
15 St. Petersburg $2,286
16 Clearwater $2,194
17 Orlando $2,069
18 Jacksonville $2,040
19 Spring Hill $2,039
20 Port St. Lucie $1,935
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Premium costs are comparative as the specific area where the vehicle is garaged can lower or raise price quotes considerably.

Finding reliable, affordable car insurance is not most people’s favorite thing to do, and figuring out which companies quote the cheapest car insurance rates for low income drivers will involve even more work. Each auto insurer uses a different method to establish rates, so let’s begin by examining the car insurance companies that tend to have lower prices in Jacksonville.

Cheap Insurance Rates in Florida

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What’s the cheapest car insurance in Florida?
Rank Company Cost Per Year
1 USAA $957
2 Electric $1,694
3 Amica $1,764
4 Progressive $1,775
5 Travelers $1,945
6 Mercury $1,992
7 Allied $2,004
8 State Farm $2,047
9 Auto-Owners $2,085
10 Esurance $2,102
11 GEICO $2,108
12 Allstate $2,411
13 21st Century $2,469
14 Windhaven Insurance $2,653
15 Safeco $2,898
16 MetLife $2,900
17 Liberty Mutual $3,009
18 Hanover $3,054
19 United Automobile $3,457
20 Direct General $3,942
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USAA normally has some of the most affordable car insurance rates in Jacksonville at around $957 per year. This is $1,491 less than the average rate paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers also make the cut as some of the most economical Jacksonville, FL car insurance companies.

As the example above demonstrates, if you have coverage with Amica and switched to USAA, you could earn savings of around $807. Policyholders with Progressive might save as much as $818 a year, and Travelers insureds might lower prices by $988 a year.

To find cheaper insurance rates for your vehicle, click here to start your free quote or feel free to get quotes from the companies below.

Bear in mind that those policy rates are averaged across all types of drivers and the different vehicles they drive and and are not figured with a vehicle location for low income drivers. So the company that is best suited for you may not even be in the top 21 companies in the list above. That’s why you need to quote rates from many companies using your own personalized driver profile and vehicle information.

Liability only or full coverage

Saving on car insurance should be important to the majority of people, and one of the best ways to buy cheap insurance for low income drivers is to not insure for full coverage. The example below illustrates the difference between auto insurance costs when comparing full coverage to liability only. Data assumes no tickets, no at-fault accidents, $100 deductibles, drivers are not married, and no discounts are factored in.

If all age groups are averaged, physical damage insurance costs $3,253 per year more than just buying liability insurance. That is a large expense which might make you wonder if you should buy full coverage at all. There is no definitive rule to stop buying physical damage coverage on your policy, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.

For example, let’s assume your vehicle’s settlement value is $5,500 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company will settle for is $4,500 after paying your deductible. If you are paying more than $450 annually for full coverage, then it’s probably a good time to buy liability coverage only.

Driving violations and accidents

The obvious way to snag the cheapest car insurance premiums in Jacksonville for poor drivers is to drive safe and not receive tickets or have accidents. The diagram below demonstrates how traffic citations and at-fault fender-benders can drive up insurance costs for each different age group. The premiums are based on a single male driver, full coverage, $100 deductibles, and no other discounts are factored in.

In the previous example, the average cost of a car insurance policy per year with no accidents and a clean driving record is $2,385. Get two speeding tickets and the average cost swells to $3,168, an increase of $783 each year. Now add in one accident along with the two speeding tickets and the annual cost of car insurance for low income drivers jumps again to an average of $3,950. That’s an increase of $1,565, or $130 per month, just for not driving responsibly!

What aren’t you shopping around?

Florida car insurance rates are based on many factors that can increase the policy premium. Improving your credit score, getting divorced, or getting a driving violation can trigger changes in premium that can make some companies cheaper than competitors. Also, insurers file new rates at least once a year to adjust for gains or losses. Heavy losses may result in higher prices, while a better loss history can cause more affordable Jacksonville car insurance rates.

To illustrate this example, the chart below shows the cheapest car insurance in Jacksonville, FL for a 35-year-old female driver with no violations or accidents, and good credit. If we estimate rates based on her personal risk profile, USAA quotes the best car insurance rates in Jacksonville at $1,175 per year. This is $1,273 less than the average premium paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Travelers are the remaining most affordable Jacksonville, FL auto insurance companies.

In the next rate comparison, we’ll give the driver from the above example a claim or two, a lower credit rating, and a few blemishes on her driving record. Due to the fact that every insurance company uses a different method to determine rates, getting updated rate quotes will most likely result in a slightly different list of the cheapest car insurance companies in Jacksonville as shown below.

USAA now has the cheapest insurance rate in Jacksonville, FL with Allied, State Farm, Esurance, and Auto-Owners completing the list. This shows why consumers need to compare as many rates as possible when trying to get the most budget-friendly insurance rates for low income drivers. Insurance prices are determined by many different factors and can increase or decrease at any time, so the cheapest option the last time you shopped your coverage around may now be priced much higher than other options.