You've seen the ads from companies like Nationwide, Liberty Mutual, and Allstate that say if you switch you'll get enormous savings, so you just need to pick the company with the catchiest ad, right?
It's not that easy, however, as there are a ton of unknown elements like whether you are married or single, any tickets or violations, and whether you are male or female. This article delves into some of these topics and will hopefully give the reader a good start in finding the cheapest insurance in Jacksonville.
After a few driving violations, one of the largest components that are looked at to help calculate insurance cost is where you normally keep your vehicle. More densely populated places likely pay more, whereas areas with less congestion have the luxury of cheap car insurance rates.
The following table sorts the highest-priced places in Florida with multiple speeding tickets in which to purchase auto insurance. Jacksonville comes in at #19 with an annual rate of $2,020 for car insurance, which is around $168 each month.
|Rank||City||Average Per Year|
|7||West Palm Beach||$2,599|
|20||Port St. Lucie||$1,975|
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Annual rates are approximated as specific Jacksonville garaging address can impact insurance rates greatly.
The type of vehicle that is being insured is a large consideration when trying to find cheap coverage with multiple speeding tickets. Vehicles with reasonable performance levels, a great safety record, or a track record of few liability claims will cost less to insure than adrenaline junky models.
The next table presents auto insurance premiums for the most economical automobiles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$1,542|
|Honda Odyssey LX||$1,690|
|Ford Escape Limited 2WD||$1,705|
|Jeep Wrangler Sahara 4WD 2-Dr||$1,725|
|Toyota Tacoma 2WD||$1,790|
|Ford F-150 XLT Regular Cab 4WD||$1,827|
|Dodge Grand Caravan CV||$1,857|
|Toyota Corolla XLE||$1,923|
|Chevrolet Impala LS||$1,926|
|Chevrolet Equinox LT 2WD||$1,933|
|Toyota RAV4 Limited 2WD||$1,943|
|Kia Optima LX||$1,951|
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Data variables include married male driver age 30, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, and multi-vehicle. Premium costs do not factor in Jacksonville, FL location which can decrease or increase prices greatly.
By looking at the data, we can conclude that vehicles like the Honda CR-V, Honda Odyssey, Ford Escape, and Jeep Wrangler are a few of the most affordable vehicles to insure after a few driving violations.
Get discounts on Jacksonville auto insurance rates
Car insurance companies that sell policies with multiple speeding tickets could also offer special discounts that could reduce prices by as much as 35% or more if you meet specific eligibility requirements. Larger car insurance companies and a partial list of their discounts are:
- State Farm may include discounts for student away at school, accident-free, safe vehicle, defensive driving training, and multiple autos.
- Esurance may offer discounts for anti-lock brakes, good driver, anti-theft, multi-car, and defensive driver.
- Progressive has discounts for online signing, online quote discount, multi-policy, homeowner, continuous coverage, multi-vehicle, and good student.
- Liberty Mutual discounts include new graduate, multi-car, safety features, newly married, hybrid vehicle, and exclusive group savings.
- Auto-Owners Insurance policyholders can earn discounts including anti-lock brakes, air bags, student away at school, company car, anti-theft, multi-policy, and paperless.
- GEICO offers discounts including seat belt use, multi-vehicle, air bags, anti-lock brakes, five-year accident-free, defensive driver, and military active duty.
The illustration below illustrates the difference between insurance prices with and without discounts applied to the premium. The rate quotes are based on a male driver, one speeding ticket and no accidents, Florida state minimum liability limits, full coverage, and $1,000 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second shows the rates with multiple policy, homeowner, multiple vehicle, anti-theft, marriage, and paid-in-full discounts applied. When these discounts are applied to the policy premium, the average savings per year on car insurance with multiple speeding tickets is 28% or $741.
Full coverage versus liability-only in Jacksonville
Finding cheaper car insurance is the goal of the majority of vehicle owners, and an easy way to find cheap insurance with multiple speeding tickets is to only pay for liability coverage. The chart below shows the difference between annual premium costs when comparing full coverage to liability only. The rates are based on no accidents, no driving violations, $250 deductibles, drivers are single, and no discounts are applied to the premium.
Averaged for all age groups, comprehensive and collision coverage on your policy costs an extra $2,922 per year more than just buying liability insurance. Many drivers may wonder if buying full coverage is a waste of money. There is no set rule of when to drop physical damage insurance, but there is a general convention. If the annual cost of having full coverage is more than about 10% of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.
Don't stick with an overpriced policy
Florida car insurance rates are calculated based on many things which can significantly increase or decrease the policy premium. Simply turning a year older, increasing liability limits, or getting a ticket for careless driving may generate price changes that can now make some companies cheaper in comparison to the competition. In addition, auto insurance companies amend premium rates every year to adjust for unexpected claims or profits. An extended period of higher than normal claims can cause higher priced premiums, while less frequent claims may result in more affordable Jacksonville car insurance rates.
For instance, the chart below demonstrates which company has the cheapest car insurance in Jacksonville, FL for a 30-year-old female driver with no accidents or violations, and great credit. If we look at prices based on her personal risk profile, USAA quotes the most affordable car insurance rates in Jacksonville at $1,210 each year. This is $1,238 less than the average premium paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Travelers are also included in the most affordable Jacksonville, FL auto insurance companies.
Now we will give the driver from above some claims, poor credit, and a speeding citation. Since every car insurance company has their own guidelines for setting prices, comparing insurance quotes may now show a substantially altered list of companies as shown below.
USAA now has the best insurance rate in Jacksonville with Allied, State Farm, Esurance, and Auto-Owners also being competitive. This example proves why it is critical to perform an extensive rate comparison to get the best car insurance quotes with multiple speeding tickets. Insurance rates consist of many different factors and can decrease or increase without notice, so the most economical company three years ago may now be costing you a lot of money.
How to find cheaper insurance with multiple speeding tickets
Lowering your rates is not difficult, and here are some money-saving solutions that can help you quote lower-cost coverage.
- Buy a vehicle with excellent safety ratings
- Higher credit scores may earn you cheaper rates
- Save money by observing traffic laws and speed limits
- Drop full coverage on older vehicles
- Avoid having at-fault accidents
- Raise your deductibles
- Shop around for cheaper prices
The final tip is notably crucial, as we stressed in this piece. Prices charged by car insurance companies fluctuate constantly, so you should be ready to buy from a new company if you can save money. Many drivers prefer to stick with one company, but it's not a good idea if that dedication is costing a small fortune year after year. Take a few minutes and shop around to find cheaper auto insurance with multiple speeding tickets in Jacksonville.
The professional agents shown below can aid you in deciding which auto insurance policy would work best for you, as some drivers wish to get help from a professional when comparing insurance rates with multiple speeding tickets. It can be time-consuming to find coverage yourself, and getting professional guidance from a licensed agent can bring comfort knowing your policy gives you adequate coverage when you need it most. To find an agent by location nearest to you, click the button below the list or click here to compare price quotes.
David Beam - State Farm Insurance Agent
10400 San Jose Blvd Ste 2 - Jacksonville, FL 32257 - (904) 379-4156
Erwin Insurance Agency-Beach
5243 Beach Blvd - Jacksonville, FL 32207 - (904) 391-1003
Chris Bedford - State Farm Insurance Agent
3943 Baymeadows Rd #1 - Jacksonville, FL 32217 - (904) 730-4300
The Maverick Insurance Agency
9119 Merrill Rd #8 - Jacksonville, FL 32225 - (904) 743-6661
Allstate Insurance: James R. Stamper
3450 Dunn Ave Ste 104 - Jacksonville, FL 32218 - (904) 765-2919