Shopping around for affordable insurance is not the easiest thing to accomplish, and deciding which companies offer the cheapest car insurance rates after a speeding ticket calls for a little more work. Every insurance company has a different process to determine premium rates, so we need to take a look at the car insurance companies that tend to have lower prices in Jacksonville, FL.
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|Rank||Company||Cost Per Year|
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USAA generally has some of the cheapest car insurance rates in Jacksonville at around $948 annually. Electric, Amica, Progressive, and Travelers would also be considered some of the cheaper Jacksonville, FL auto insurance companies.
In the rate table above, if you have coverage with Electric and switched to USAA, you may see an annual savings of in the vicinity of $816. Insureds with Amica could save as much as $816 a year, and Progressive policyholders might realize rate reductions of up to $845 a year.
It's important to note that these premium estimates are averaged across all types of insureds and vehicles and and are not calculated with an exact location after a speeding ticket. So the car insurance company that is best suited for you may not even be in the list above. That is why you need to get car insurance quotes using your own individual information.
After a few driving violations, one of the big components that aid in calculating car insurance rates is where your car is garaged in Jacksonville. More densely populated places likely pay more, whereas areas that tend to be more rural benefit from lower rates.
The table below shows the highest-priced areas in Florida after a speeding ticket to purchase a policy in. Jacksonville ranks #20 with an annual cost of $1,980 on average, which is around $165 per month.
|7||West Palm Beach||$2,599|
|19||Port St. Lucie||$1,994|
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Annual rates are estimated as the specific zip code location can decrease or increase auto insurance rates greatly.
The car, truck, or SUV requiring insurance is a significant factor when quoting the cheapest auto insurance after a speeding ticket. Vehicles with high performance features, a lack of advanced safety features, or an increased likelihood of liability claims will cost much more to insure than more economical and safe models. The list below presents coverage prices for some of the cheaper vehicles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape Limited 2WD||$1,516|
|Honda CR-V LX 4WD||$1,636|
|Toyota RAV4 Limited 2WD||$1,752|
|Dodge Grand Caravan SXT||$1,784|
|Ford Explorer XLT AWD||$1,831|
|Honda Odyssey EX-L||$1,849|
|Hyundai Elantra SE 4-Dr Sedan||$1,855|
|Volkswagen Jetta S 2.5 Station Wagon||$1,872|
|Hyundai Sonata GLS 4-Dr Sedan||$1,879|
|Nissan Altima Hybrid 4-Dr Sedan||$1,881|
|Ford F-150 Lariat King Ranch 2WD||$1,888|
|Toyota Tacoma 2WD||$1,900|
|Chevrolet Impala LS||$1,906|
|Ford Focus S 4-Dr Sedan||$1,900|
|Jeep Wrangler Rubicon 4WD 2-Dr||$1,925|
|Honda Civic GX 4-Dr Sedan||$1,944|
|Ford F-350 XLT Crew Cab Lariat 2WD||$1,948|
|Ford Edge SEL 2WD||$1,997|
|Toyota Camry Hybrid||$2,009|
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Data rating is based on single female driver age 30, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, and multi-policy. Premium amounts do not factor in specific Jacksonville, FL garaging location which can alter coverage rates significantly.
Based on these rates, we can expect vehicles like the Ford Escape, Honda CR-V, Toyota Prius, and Toyota RAV4 are going to be the most budget-friendly vehicles to insure after a few driving violations.
Get discount Jacksonville insurance rates
Car insurance companies that provide policies after a speeding ticket may also give you special discounts that could reduce prices by as much as 30% if you meet the requirements. Large car insurance companies and the discounts they provide are included below.
- Farm Bureau includes discounts for good student, 55 and retired, youthful driver, safe driver, and multi-vehicle.
- MetLife discounts include multi-policy, defensive driver, accident-free, claim-free, good driver, and good student.
- Progressive offers premium reductions for homeowner, continuous coverage, online signing, multi-policy, multi-vehicle, and good student.
- AAA policyholders can earn discounts including education and occupation, good driver, multi-car, good student, pay-in-full, and AAA membership discount.
- American Family offers discounts for Steer into Savings, defensive driver, bundled insurance, early bird, good driver, air bags, and TimeAway discount.
- GEICO has savings for multi-policy, air bags, anti-lock brakes, federal employee, driver training, and good student.
- State Farm may include discounts for defensive driving training, passive restraint, safe vehicle, multiple autos, good student, Drive Safe & Save, and driver's education.
The chart below visualizes the comparison of annual premium costs with and without discounts applied to the premium. The price estimates are based on a female driver, no at-fault accidents and one violation, Florida state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with paid-in-full, passive restraint, paperless filing, marriage, vehicle safety, and multiple vehicle discounts applied. When drivers take advantage of discounts, theamount saved on car insurance after a speeding ticket is 28% or $643.
How accidents and tickets impact rates
The common sense way to snag good car insurance rates in Jacksonville after a few driving violations is to drive safe and not receive tickets or have accidents. The diagram below shows how speeding tickets and at-fault claims raise premium costs for each age group. The prices are based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no other discounts are factored in.
The data charted above shows the average cost of a car insurance policy in Jacksonville per year with a clean driving record and no accidents is $3,027. Factor in two speeding tickets and the average cost increases to $4,078, an increase of $1,051 each year. Now add two accidents along with the two speeding tickets and the 12-month cost of car insurance after a speeding ticket increases to an average of $7,843. That's an increase of $4,816, or $401 per month, just for not maintaining a clean driving record!
Full coverage rates compared to liability-only
Lowering the price of car insurance is important to the majority of people, and one of the fastest ways to pay less for insurance after a speeding ticket is to only pay for liability coverage. The information below shows the difference between insurance rates when comparing full coverage to liability only. Data assumes no accidents, no driving violations, $100 deductibles, drivers are single, and no discounts are factored in.
If averaged out across all ages, comp and collision coverage costs $2,385 per year more than carrying just liability coverage. That is a significant amount which raises the question when is the right time to remove full coverage. There is no exact formula for eliminating comprehensive and collision coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage coverage is more than around 10% of the settlement you would receive from your company, then you may need to consider dropping full coverage.
For example, let's assume your vehicle's replacement cost is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company will settle for is $5,000 after you pay the deductible. If it's costing you more than $500 annually for comprehensive and collision coverage, then it's probably a good time to buy liability coverage only.