Who Has the Cheapest Auto Insurance Rates for Drivers with Bad Credit in Jacksonville?

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Things would sure be easy if we could tell you the company that has the rock bottom lowest rates in Florida. It's just not that simple, as there are a whole bunch of unknowns like if you have ever had a gap in coverage, what level of deductibles you need, and if you own a home, that all impact the cost of coverage. This article goes into detail about the best ways to avoid high prices and also should give you a good beginning to your quest for cheaper car insurance in Florida.

Deciding which company has the best insurance rates for drivers with bad credit takes more time than just comparing rates from one or two companies. Each auto insurance company used slightly different criteria to determine premium rates, so to begin we'll rank the insurance companies with the overall best prices in Florida.

Best Auto Insurance Prices with Bad Credit

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Cheapest auto insurance in Florida ranked by cost per year
Rank Company Cost Per Year
1 USAA $977
2 Electric $1,712
3 Amica $1,712
4 Progressive $1,847
5 Travelers $1,869
6 Allied $1,926
7 Mercury $1,933
8 Esurance $2,040
9 GEICO $2,108
10 State Farm $2,131
11 Auto-Owners $2,149
12 Allstate $2,411
13 21st Century $2,445
14 Windhaven Insurance $2,549
15 Hanover $2,934
16 MetLife $2,958
17 Safeco $2,987
18 Liberty Mutual $3,039
19 United Automobile $3,527
20 Direct General $4,062
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USAA has some of the most affordable car insurance rates in Jacksonville at around $977 a year. This is $1,471 less than the average rate paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers also qualify as some of the cheaper Jacksonville, FL auto insurance companies.

As shown above, if you currently buy coverage from Progressive and switched to USAA, you could see an annual premium reduction of in the vicinity of $870. Insureds with Travelers may save as much as $892 a year, and Allied customers might reduce prices by as much as $949 a year.

Remember that these prices are averages for all drivers and vehicles in Florida and do not take into consideration a vehicle location for drivers with bad credit. So the insurer that can offer you the best price may not even be in the top 21 companies shown above. That illustrates why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.

The car, truck, or SUV that needs insurance is one of the main factors when trying to find the cheapest car insurance for drivers with bad credit. Vehicles with high performance engines, poor passenger safety features, or high incidents of liability claims will cost significantly more to insure than safer, lower-performance models.

The table below outlines coverage prices for some of the cheapest vehicles to insure in Florida.

Cheapest Vehicles to Insure in Jacksonville, FL
Make and Model Estimated Cost for Full Coverage
Honda Accord EX-L 4-Dr Sedan $1,239
Ford Escape XLS 2WD $1,249
Toyota Prius $1,263
Toyota Tacoma 4WD $1,275
Honda CR-V EX 4WD $1,318
Chevrolet Equinox LS 2WD $1,350
Dodge Grand Caravan Hero $1,357
Ford Explorer Limited AWD $1,374
Chevrolet Malibu LT $1,380
Hyundai Elantra SE Touring Station Wagon $1,390
Honda Odyssey LX $1,415
Chevrolet Impala LTZ $1,422
Ford Focus SE 4-Dr Sedan $1,446
GMC Sierra 2500HD SLE Crew Cab 4WD $1,456
GMC Sierra SLE Crew Cab 4WD $1,446
Jeep Wrangler Unlimited Sahara 4WD 4-Dr $1,463
Volkswagen Jetta SE 2.5 Station Wagon $1,467
Toyota RAV4 Sport 2WD $1,520
Honda Civic EX 4-Dr Sedan $1,528
Kia Optima EX $1,544
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Prices 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 homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Premium amounts do not factor in zip code location which can influence insurance rates significantly.

Based upon the table data, we can infer that models like the Honda Accord, Ford Escape, and Toyota Prius are most likely to be the less-costly vehicles to insure for people with poor credit. The price for car insurance will tend to be more expensive because of the fact that there is more liability exposure for drivers with bad credit, but generally speaking those particular vehicles will tend to have the lowest prices available.

Insuring your vehicle with the top car insurance provider can be rather challenging considering how many choices you have in Florida. The information shown next could help you select which car insurance companies you want to consider comparing rates from. These rankings include the companies with a significant amount of written premium nationwide, so companies that focus mainly on Florida business will not be included in the list.

Top 15 Insurance Companies for Drivers with Bad Credit in Florida
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
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Data Source: Insure.com Best Car Insurance Companies

Does it make sense to buy full coverage?

Finding the cheapest insurance is probably important to the majority of drivers, and an easy way to pay less for insurance for drivers with bad credit is to not pay for full coverage. The illustration below illustrates the comparison of yearly insurance costs with full coverage and liability only. The data is based on no claims or driving citations, $100 deductibles, single status, and no policy discounts are applied.

As an average, full coverage costs $2,656 per year more than carrying just liability coverage. That amount may make you wonder if physical damage coverage is worth the money. There is no exact formula of when to exclude comp and collision coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.

There are some scenarios where removing full coverage is not recommended. If you still owe a portion of the original loan, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should keep full coverage in place.

If you aren't clear which coverage you need and would like to have some professional guidance when shopping around for cheaper insurance for people with poor credit, the insurance agencies below are a good start to help you decide which insurance coverage will be best for you. To locate a Jacksonville auto insurance agent near you, click the link after the list.

Rosetta's Insurance Agency, Inc.
6715 Wilson Blvd - Jacksonville, FL 32210 - (904) 677-0441

Contemporary Affordable Insurance Agency
212 E Forsyth St - Jacksonville, FL 32202 - (904) 350-0014

Luten Insurance Agency
3811 Blanding Blvd - Jacksonville, FL 32210 - (904) 771-6400

Parvez Sahotra - State Farm Insurance Agent
3267 Hodges Blvd #14 - Jacksonville, FL 32224 - (904) 221-1161

David Beam - State Farm Insurance Agent
10400 San Jose Blvd Ste 2 - Jacksonville, FL 32257 - (904) 379-4156

More Jacksonville, FL insurance agents

How to find budget-friendly insurance for drivers with bad credit

Here are some money-saving ideas that can help drivers locate more affordable coverage.

The last tip in the list is certainly necessary, as was pointed out in this write-up. Prices change frequently, so don't hesitate to buy from a new company if a more affordable price is available.

Brand loyalty is great, but it's not a good idea if that loyalty ends up costing a small fortune year after year. It takes less than five minutes to compare prices and find cheaper insurance for drivers with bad credit in Jacksonville.