Wouldn’t it be so easy if you could know instantly the one best car insurance company that has the lowest car insurance rates for drivers under 21? Unfortunately, it’s just not that easy, as there are a ton of unknown aspects like your age, the deductible level you need, and citations or tickets, that all factor into the price you pay. This article will discuss the best ways to pay less and should give you a good beginning to your quest for cheaper car insurance in Florida.
Comparing quotes for affordable auto insurance is easier said than done, and finding out which company offers the lowest-priced car insurance rates for drivers under 21 will involve even more perseverance. Each insurer uses a little different formula to set policy rates, so let’s begin by examining the car insurance companies with the most affordable rates in Jacksonville.
It’s important to understand that Florida car insurance rates are determined by lots of factors that control the price of your policy. Simply having a birthday, buying a new vehicle, or getting into an accident can trigger price changes that can cause some rates to be affordable when they were higher priced.
Best Car Insurance Prices for Minors
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $948 |
| 2 | Electric | $1,694 |
| 3 | Amica | $1,764 |
| 4 | Progressive | $1,775 |
| 5 | Travelers | $1,888 |
| 6 | Allied | $1,926 |
| 7 | Mercury | $1,973 |
| 8 | Esurance | $2,020 |
| 9 | Auto-Owners | $2,107 |
| 10 | State Farm | $2,110 |
| 11 | GEICO | $2,172 |
| 12 | Allstate | $2,317 |
| 13 | 21st Century | $2,469 |
| 14 | Windhaven Insurance | $2,627 |
| 15 | Safeco | $2,898 |
| 16 | MetLife | $2,900 |
| 17 | Liberty Mutual | $3,039 |
| 18 | Hanover | $3,054 |
| 19 | United Automobile | $3,422 |
| 20 | Direct General | $3,942 |
| Quote Your Rates Go | ||
USAA may have some of the cheapest car insurance rates in Jacksonville at around $948 each year. Electric, Amica, Progressive, and Travelers also qualify as some of the cheapest Jacksonville, FL auto insurance companies.
As depicted above, if you currently have coverage with Progressive and switched to USAA, you could realize yearly savings of in the neighborhood of $827. Insureds with Travelers may save as much as $940 a year, and Allied insureds might realize rate reductions of up to $978 a year.
Bear in mind that those rates are averages for all types of drivers and the different vehicles they drive and and are not figured with an exact location for drivers under 21. So the company that fits your needs best may not even be in the top 21 companies in the list above. That underscores the importance of why you need to get rate quotes from many companies using your own personal information and vehicle type.
The car, truck, or SUV to be insured is one of the largest considerations when shopping for the lowest-priced insurance for drivers under 21. Vehicles with lower acceleration and performance, advanced safety features, or a low likelihood of liability claims will cost significantly less to insure than adrenaline junky models. The table below ranks coverage costs for a selection of the most cost-effective vehicles to buy insurance for.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord EX 4-Dr Sedan | $2,284 |
| Honda CR-V EX-L 4WD | $2,318 |
| Ford Escape Limited 4WD | $2,464 |
| Toyota Prius | $2,499 |
| Ford Explorer XLT AWD | $2,559 |
| Ford Focus SE 4-Dr Sedan | $2,670 |
| Chevrolet Impala LT | $2,704 |
| Toyota RAV4 2WD | $2,712 |
| Dodge Grand Caravan Hero | $2,704 |
| Ford F-150 FX4 4WD | $2,739 |
| Toyota Tacoma Double Cab 4WD | $2,749 |
| Hyundai Elantra SE 4-Dr Sedan | $2,850 |
| Toyota Camry SE | $2,860 |
| Ford Edge Limited AWD | $2,850 |
| Volkswagen Jetta 2.0T 4-Dr Sedan | $2,885 |
| Jeep Grand Cherokee Limited 2WD | $2,891 |
| GMC Sierra SLT Extended Cab 4WD | $2,885 |
| Chevrolet Malibu LTZ | $2,895 |
| Toyota Corolla XRS | $2,885 |
| Chevrolet Silverado LTZ Crew Cab 4WD | $2,894 |
| Compare Rates Now Go | |
Above prices assume single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, and safe-driver. Price information does not factor in specific location information which can decrease or increase prices significantly.
Looking at the rates, you can infer that cars like the Honda Accord, Honda CR-V, Ford Escape, and Toyota Prius are most likely to be a few of the most economical vehicles to insure for minors. Car insurance rates will tend to be more expensive just because there is more exposure for drivers under 21, but in general those particular models will most likely have the best insurance prices compared to all other vehicles.
For minors, one of the largest factors that are looked at to help calculate the price you pay for insurance is where you keep your car. More densely populated places tend to have higher rates, whereas more rural areas have the benefit of cheaper car insurance.
The next table shows the highest-priced areas in Florida for drivers under 21 to purchase car insurance in. Jacksonville shows up at #19 with a yearly cost of $2,040 for coverage, which is around $170 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Hialeah | $3,488 |
| 2 | Miami Gardens | $3,181 |
| 3 | Miami | $3,177 |
| 4 | Miami Beach | $2,923 |
| 5 | Miramar | $2,709 |
| 6 | Hollywood | $2,630 |
| 7 | West Palm Beach | $2,625 |
| 8 | Pompano Beach | $2,620 |
| 9 | Tampa | $2,610 |
| 10 | Pembroke Pines | $2,481 |
| 11 | Fort Lauderdale | $2,475 |
| 12 | Coral Springs | $2,474 |
| 13 | Davie | $2,473 |
| 14 | Brandon | $2,368 |
| 15 | St. Petersburg | $2,196 |
| 16 | Clearwater | $2,172 |
| 17 | Spring Hill | $2,123 |
| 18 | Orlando | $2,069 |
| 19 | Jacksonville | $2,040 |
| 20 | Port St. Lucie | $1,935 |
| Start a Quote Go | ||
Premium costs are estimated as the specific Jacksonville residence address can increase or decrease auto insurance rates significantly.
Types of discounts on Jacksonville car insurance rates
Insurers that provide coverage for drivers under 21 may have rate discounts that can lower rates by as much as 30% if you are eligible to receive them. Larger car insurance companies and a summarized list of policyholder discounts can be found below.
- Farm Bureau offers discounts for driver training, good student, safe driver, multi-policy, renewal discount, and youthful driver.
- State Farm may offer discounts for multiple autos, student away at school, accident-free, safe vehicle, multiple policy, good driver, and good student.
- Progressive offers discounts including online signing, continuous coverage, good student, multi-vehicle, online quote discount, and homeowner.
- Allstate may have discounts that include farm vehicle, resident student, new car, good payer, and auto/life discount.
- Nationwide includes discounts for business or organization, multi-policy, Farm Bureau membership, defensive driving, anti-theft, and easy pay.
- MetLife discounts include good driver, defensive driver, multi-policy, good student, and accident-free.
The example below illustrates the difference between yearly insurance costs with and without policy discounts. The prices are based on a male driver, no tickets, no at-fault accidents, Florida state minimum liability limits, comprehensive and collision 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 passive restraint, paid-in-full, vehicle safety, anti-theft, good student, and continuous coverage discounts applied. When drivers qualify for the discounts, theaverage yearly reduction on car insurance for drivers under 21 is 19% or $368.
The chart below demonstrates how choosing different deductibles can raise or lower insurance premiums when trying to find cheap insurance for drivers under 21. Data assumes a single male driver, comprehensive and collision coverage, and no discounts are taken into consideration.
In the chart above, a 30-year-old driver could save $384 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $582 by using a $1,000 deductible. Even younger insureds, like the 20-year-old, could save $1,126 or more by choosing a higher deductible.
When increasing deductibles, it is essential to have plenty of money set aside to allow you to cover the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Best car insurance in Florida
Choosing the highest-rated insurance provider can be difficult considering how many different companies sell coverage in Jacksonville. The ranking data shown below could help you decide which car insurance providers to look at when shopping around. The ratings below are for companies that insure vehicles nationwide, so companies with more of a regional focus are not included in this list.
Top 10 Large Car Insurance Companies Overall in Jacksonville
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
How to find budget-friendly auto insurance for drivers under 21
Below you’ll find many money-saving solutions that can help Florida drivers locate cheap coverage.
- At-fault accidents can raise rates significantly
- Buy a car with high safety ratings
- Avoid speeding and other traffic citations and pay less
- Bundle car and home insurance and save money
- Pay for smaller claims out-of-pocket
- Compare price quotes at least once a year
That last idea is certainly vital, as we discussed in this article. Auto insurance prices can change in a short period of time, so don’t be hesitant to buy a different policy if a cheaper price is available. Loyalty to a specific company is fine, but we do not recommend it if that dedication is costing a lot of money. Now is a great time to shop around and find cheaper auto insurance for drivers under 21 in Jacksonville.
The agencies below are willing to help you determine which auto insurance coverages would be the best in your situation, since some people have coverage questions and would like to have some professional guidance when shopping for cheaper insurance for minors. It can be time-consuming to find the best coverage on your own, and insurance agents licensed in the state of Florida can give you peace of mind knowing your policy gives you adequate protection in case of an accident or claim. To find an agent close to you, click the link at the bottom.
Yuleen Broome – State Farm Insurance Agent
3120 Atlantic Blvd – Jacksonville, FL 32207 – (904) 398-0401
Bob Gibbs – State Farm Insurance Agent
5495 Fort Caroline Rd – Jacksonville, FL 32277 – (904) 744-2702
Randy Taylor – State Farm Insurance Agent
3041 Monument Rd #1 – Jacksonville, FL 32225 – (904) 642-2400