The words "economical" and "insurance" really shouldn't be used together, specifically when you are trying to find the best coverage prices for immigrants. Because of the high cost, let's get started by showing you some situations that impact insurance premiums, and come up with some ways to reduce the price of your next policy.
The vehicle on the policy is one of the primary factors that determines if you can find low-cost auto insurance for immigrants. Vehicles with limited top-end speed, excellent safety ratings, or a track record of few liability claims will cost substantially less to insure than fast, unsafe models. The next list features car insurance rates for a handful of the cheapest automobiles to insure.
|Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V EX 4WD||$1,171|
|Honda Accord EX 4-Dr Sedan||$1,309|
|Volkswagen Jetta 2.0T Station Wagon||$1,338|
|Nissan Altima 2.5 4-Dr Sedan||$1,355|
|Ford F-150 XLT Crew Cab 4WD||$1,382|
|Ford Escape XLS 2WD||$1,406|
|Ford Edge Sport 2WD||$1,426|
|Ford Fusion SEL 4-Dr Sedan||$1,452|
|Toyota Camry Hybrid||$1,549|
|Chevrolet Equinox LS AWD||$1,554|
|Toyota Tacoma Double Cab 4WD||$1,559|
|Toyota RAV4 Limited 4WD||$1,554|
|Dodge Grand Caravan CV||$1,574|
|Chevrolet Malibu LT||$1,583|
|Find Cheaper Rates Go|
Table data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Price estimates do not factor in vehicle location which can lower or raise auto insurance rates significantly.
Based upon these rates, you can infer that makes and models like the Honda CR-V, Honda Accord, Volkswagen Jetta, Nissan Altima, and Ford F-150 are most likely to be a few of the most affordable vehicles to insure for foreigners.
For foreigners, one of the largest criteria that help determine car insurance rates is where you call home. Larger areas are more likely to pay higher prices, whereas areas with less congestion have the luxury of lower rates.
The illustration below shows the priciest cities in Florida for immigrants to purchase a policy in. Jacksonville is ranked at #19 with an annual cost of $2,040 for the average policy, which is around $170 per month.
|Rank||City||Average Per Year|
|6||West Palm Beach||$2,679|
|20||Port St. Lucie||$1,994|
|Find the Best Rates Go|
Prices are comparative as specific Jacksonville garaging address can influence price quotes considerably.
Trying to buy low-priced auto insurance is not the easiest thing to do, and finding out which companies have the best insurance rates for immigrants will require more quotes for comparison. Every insurance company uses a little different formula to establish rates, so first we will examine the insurance companies with the overall best prices in Jacksonville.
It's a good idea to know that Jacksonville, FL insurance rates are influenced by many factors which can significantly increase or decrease the price you have to pay. Simply improving your credit score, moving to a new city, or having an at-fault accident may prompt premium changes that may make certain companies higher when they were quite affordable.
Find the Cheapest Auto Insurance for Migrants
USAA generally has some of the best car insurance rates in Jacksonville at around $948 each year. Electric, Amica, Progressive, and Allied are also some of the cheaper Jacksonville, FL insurance companies.
As shown in the table above, if you currently buy coverage from Progressive and switched to Electric, you may realize yearly savings of around $81. Customers with Allied might save as much as $251 a year, and Travelers insureds might reduce prices by as much as $251 a year.
Remember that these rates are averaged across all drivers and vehicles in Florida and and are not calculated with a specific vehicle garaging location for immigrants. So the insurer that has the lowest price for you may not even be in the list above. That affirms the importance of why you need to get auto insurance quotes using your own personalized driver profile and vehicle information.
Get discounts on Jacksonville car insurance rates
Insurers that offer cheap quotes for immigrants could also offer premium discounts that can lower rates by as much as 35% if you can meet the requirements. A list of companies and some of the premium reductions they offer are detailed below.
- GEICO offers premium reductions for federal employee, good student, driver training, multi-vehicle, and military active duty.
- MetLife has savings for good driver, defensive driver, good student, claim-free, multi-policy, and accident-free.
- State Farm may include discounts for defensive driving training, Steer Clear safe driver discount, passive restraint, good student, driver's education, multiple policy, and anti-theft.
- Progressive offers discounts including good student, online signing, online quote discount, continuous coverage, multi-policy, and homeowner.
- Mercury Insurance includes discounts for low natural disaster claims, multi-car, annual mileage, location of vehicle, age of vehicle, type of vehicle, and anti-theft.
- 21st Century may offer discounts for student driver, theft prevention, homeowners, 55 and older, and air bags.
- Allstate has discounts for good payer, anti-lock brakes, auto/life discount, early signing, economy car, premier discount, and teenSMART discount.
The diagram below compares yearly insurance costs with and without discounts being applied to the rates. The premiums assume a male driver, a clean driving record, no claims, Florida state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with multiple policy, claim-free, defensive driving course, passive restraint, accident-free, and homeowner discounts applied. When these discounts are applied to the policy premium, theaverage yearly reduction on insurance for immigrants is 28% or $742.
Liability rates compared to full coverage
Saving on insurance is probably important to the majority of people, and one easy way to buy cheap insurance for immigrants is to only buy liability insurance. The illustration below compares insurance premiums with full physical damage coverage and with liability coverage only. The premium estimates are based on a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are single, and no policy discounts are applied.
If averaged for all ages, physical damage coverage costs $2,330 per year more than just buying liability insurance. Many drivers may wonder if paying for full coverage is a waste of money. There is no written rule of when to phase out comp and collision coverage, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than around 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.
There are a few cases where eliminating full coverage is not a good plan. If you still have a loan on your vehicle, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can't afford to buy a different vehicle in case of an accident, you should keep full coverage in place.
Why you should be shopping around
Jacksonville, FL insurance rates are determined by lots of factors that will increase or decrease the policy price. Improving your credit score, moving across town, or getting a speeding ticket may prompt premium changes resulting in some rates now being cheaper than before. In addition to those changes, companies modify pricing multiple times each year to reflect underwriting profits or losses. Significantly higher claims can result in higher rates, while profitable underwriting may produce lower-priced Jacksonville car insurance rates.
To help illustrate this point, the graph below shows the cheapest car insurance in Jacksonville, FL for a 35-year-old female driver with no accidents or violations, and solid credit. If we look at prices based on her personal risk profile, USAA might offer the most affordable car insurance rates in Jacksonville at $1,198 each year. This is $1,250 less than the average premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Allied are the remaining cheapest Jacksonville, FL auto insurance companies.
Now we will pretend the driver from the first example a couple of claims, slightly worse credit, and a blemish on her driving record. Since each auto insurer has their own unique process to set policy rates, comparing rates may now present a different set of affordable companies as shown below.
USAA now has the lowest car insurance rate in Jacksonville with Mercury, Esurance, State Farm, and GEICO now being in the top five. This demonstrates why consumers need to compare rates to find cheap car insurance quotes for immigrants. Prices are calculated by many risk factors and can decrease or increase without notice, so the cheapest rate when you last compared rates may now be priced much higher than other options.
How to find economical auto insurance for immigrants
It is possible to find better rates, and here are some of the recommended penny-pinching solutions that can help you quote cheap car insurance.
- Increase the comprehensive and collision deductibles on your policy
- Buy vehicles with five-star safety ratings
- Pay for small claims rather than turning them in to your insurance company
- Bundle home and auto and save
- Remove physical damage coverage on older vehicles
- Pay lower rates with good credit
- Look for cheaper rates once a year by shopping around
The last tip in the list is notably valuable, as was emphasized in this article. Auto insurance rates fluctuate constantly, so drivers shouldn't be resistant to buy from a new company if a better deal can be had. Many drivers have brand loyalty and that's fine, but it isn't a good idea if that faithfulness ends up costing you money that could be spent on other things. It takes less than five minutes to shop around to find cheaper car insurance for immigrants in Jacksonville.
If you prefer to have the advice of a professional agent when buying car insurance for foreigners, the agencies below can provide answers to your questions and help you determine which auto insurance policy fits you best.
To find a Jacksonville insurance agency by location nearest to you, click the button at the bottom of the list.
Ray Moore - State Farm Insurance Agent
109 New Berlin Rd - Jacksonville, FL 32218 - (904) 751-6643
Bill Doyle - State Farm Insurance Agent
11555 Central Pkwy #904 - Jacksonville, FL 32224 - (904) 642-4000
Bob Gibbs - State Farm Insurance Agent
5495 Fort Caroline Rd - Jacksonville, FL 32277 - (904) 744-2702
Beans Insurance Agency, LLC
3041 Dunn Ave - Jacksonville, FL 32218 - (904) 766-1995