You have most likely seen the catchy commercials from companies like Farmers and Liberty Mutual that say if you switch you’ll get enormous savings, so drivers just need to pick one at random, right?
It’s not that simple, unfortunately, as there are a whole bunch of unknown factors such as if you have a coverage lapse, if you are a good driver, and your date of birth, that all impact the price you pay. This article delves into the different ways you can keep rates low and will hopefully give you a good start in finding the cheapest insurance in Jacksonville.
One of the more important components that are looked at to determine the annual cost of car insurance is where you keep your car. Regions with more people or even just more weather-related claims are more likely to pay higher prices, whereas less populated areas tend to receive slightly lower rates.
The illustration below lists the highest-priced areas in Florida for drivers with a DUI to buy an auto insurance policy in. Jacksonville makes the list at #19 costing $2,040 for the average policyholder, which is around $170 each month.
|6||West Palm Beach||$2,679|
|20||Port St. Lucie||$1,935|
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Rate quotes are comparative as specific Jacksonville zip code can lower or raise coverage prices significantly.
The vehicle driven is a large factor when looking for affordable insurance for drivers with a DUI. Vehicles with lots of speed or power, a lack of modern safety features, or high incidents of liability claims will cost quite a bit more to insure than safer models.
The data below outlines insurance costs for the most budget-friendly vehicles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda Accord EX-L 4-Dr Sedan||$1,644|
|Honda CR-V LX 2WD||$1,669|
|Dodge Grand Caravan SE||$1,690|
|Ford Escape XLS 4WD||$1,754|
|Chevrolet Malibu Hybrid||$1,789|
|Ford Fusion S 4-Dr Sedan||$1,794|
|Toyota RAV4 4WD||$1,789|
|Toyota Camry XLE||$1,887|
|Ford F-250 XL 2WD||$1,917|
|Kia Optima LX||$1,922|
|Nissan Rogue S 2WD||$1,917|
|Honda Odyssey EX W/Rear Entertainment||$1,938|
|Chevrolet Impala LS||$1,947|
|Jeep Wrangler Rubicon 4WD 2-Dr||$1,964|
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Data assumes single female 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 amounts do not factor in Jacksonville, FL location which can lower or raise rates significantly.
Based upon the table data, we can assume that makes and models like the Honda Accord, Honda CR-V, Toyota Prius, and Dodge Grand Caravan should be some of the most budget-friendly vehicles to insure after getting a DUI. The price for an auto insurance policy will tend to be more expensive anyway because there is more exposure for drivers with a DUI, but generally speaking those specific models will tend to have the cheapest rates possible.
Locating reasonably-priced insurance is easier said than done, and determining which companies offer the cheapest auto insurance rates for drivers with a DUI calls for even more work.
Every car insurance company has their own unique process for determining rates in each state, so we’ll go over the most budget-friendly auto insurance companies in Florida. It’s a good idea to be aware that Jacksonville, FL auto insurance rates are calculated based on many things which can substantially change the price you pay. Improving your credit score, buying a different vehicle, or getting a reckless driving citation may prompt premium changes resulting in some companies being more expensive than competitors.
Lowest Insurance Price Quotes after a DUI
USAA may offer some of the lowest car insurance rates in Jacksonville at around $957 per year. Amica, Electric, Progressive, and Travelers also rank well as some of the cheaper Jacksonville, FL insurance companies.
As illustrated above, if you buy coverage from Electric and switched to USAA, you could realize a yearly savings of approximately $789. Policyholders with Progressive might save as much as $836 a year, and Travelers insureds might reduce rates by $912 a year.
It’s important to note that these estimates are averages for all ages of drivers and types of vehicles and are not factoring in an exact vehicle garaging location for drivers with a DUI. So the car insurance company that is most affordable for your situation may not even be in the list above. That helps illustrate why you need to compare rates from as many companies as possible using your own specific driver and vehicle information.
The chart below demonstrates how deductibles can influence yearly insurance costs when getting quotes for cheap insurance for drivers with a DUI. The prices are based on a married female driver, comp and collision included, and no policy discounts are applied.
The data above shows that a 40-year-old driver could lower their policy premium by $286 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $432 by choosing a $1,000 deductible. Even younger drivers, such as the 20-year-old example, could reduce their rates as much as $708 or more just by choosing higher deductibles when buying full coverage. When increasing deductibles, it is necessary to have enough funds in savings to allow you to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Should you buy full coverage?
Saving on auto insurance is important to most drivers, and a great way to pay less for insurance for drivers with a DUI is to buy only liability coverage. The diagram below compares auto insurance costs with and without full coverage. The data assumes no claims or violations, $1,000 deductibles, single status, and no discounts are taken into consideration.
On average, physical damage insurance costs $1,747 per year more than just insuring for liability. Lot’s of drivers question if it’s worth it to buy full coverage. There isn’t a steadfast formula for phasing out physical damage insurance, but there is a guideline you can consider. If the annual cost of your full coverage insurance is 10% or more of replacement cost minus your deductible, then you might consider buying liability only.
There are a few cases where only buying liability is not a good idea. If you have an outstanding loan on your vehicle, you have to maintain full coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should keep full coverage in place.
Why you should be comparing rates
Florida auto insurance rates are impacted by many factors that control the cost of having a policy. Simply getting older, having a teenage driver, or having an at-fault accident may prompt premium changes resulting in some companies being more affordable than the competition. Also, companies change premium rates multiple times each year in order to offset underwriting gains or losses. An extended period of higher than normal claims can cause rate increases, while a lower level of claims may produce lower-cost Jacksonville car insurance rates.
To illustrate this point, the bar chart below shows the companies that have the cheapest car insurance in Jacksonville, FL for a 30-year-old female driver with a clean driving record, no accidents, and a decent credit rating. If we estimate rates based on her current situation, USAA offers the cheapest car insurance rates in Jacksonville at $1,106 per year. This is $1,342 less than the average policy premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Mercury are the rest of the cheapest Jacksonville, FL auto insurance companies.
The next chart shows rates after we give the driver from the first rate comparison a chargeable claim, a lower credit rating, and a couple of points charged on her driving record. Since each company has their own guidelines for setting rates, comparing quotes could now result in a substantially altered list of the cheapest car insurance companies in Jacksonville as shown below.
USAA now has the cheapest price in Jacksonville with Allied, Auto-Owners, Esurance, and State Farm also being competitive. This example proves why it is critical to perform a complete rate comparison when trying to get affordable auto insurance rates for drivers with a DUI.
Auto insurance prices are influenced by many risk factors and can change without notice, so the cheapest rate two years ago may now be one of the higher cost companies.