Orlando Car Insurance
Orlando car insurance
The Orlando ZIP code 32811 is the most expensive place in the city for Florida car insurance, about $390 more than the cost of the cheapest, according to an analysis of rates from six car insurance companies.
The wide range in rates from different insurers for the same driver in the same car in the same ZIP code shows why it’s prudent to compare car insurance companies. For example, the highest rate from any carrier for ZIP 32811 in our analysis was $2,946 — $1,816 more than the lowest ($1,130).
To see how Orlando car insurance rates compare, use our average rates tool below. Enter a ZIP code and it will show the average rate, as well as the highest and lowest, for your location for six age groups and three different coverage levels.
Orlando car insurance rates
You ll see in the chart below the top 10 most expensive ZIP codes for car insurance in Orlando, and how much you can overpay if you don t compare rates.
Most expensive Orlando car insurance rates
*Methodology for rates by ZIP code:
CarInsurance.com commissioned Quadrant Information Services to run auto insurance rates for a 2016 Honda Accord for more than 30,000 ZIP codes in the United States using six large carriers — Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm. (In cases where an insurer s rate wasn t available, another major carrier’s rate was substituted.) Averages are based on insurance for a single 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/100 ($100,000 for injury liability for one person, $300,000 for all injuries and $100,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage. This hypothetical driver has a clean record and good credit. The rate includes uninsured motorist coverage. Average rates are for comparative purposes. Your own rate will depend on your personal factors and vehicle.
Here’s how Orlando s hightest average rate ($2,087) for ZIP code 32811 compares to others:
- $644 more than the least expensive average rate ($1,443) in Florida, Fanning Springs ZIP code 32693
- $264 more than the state average ($1,823)
- $732 more than the national average rate ($1,355)
Orlando car insurance requirements
Cheapest car insurance in Orlando
If you want just enough coverage to be legal on the road, buy the lowest amount of liability insurance your insurer offers. That s the cheapest policy you can buy. Florida car insurance laws mandate that you must have a car insurance policy covering $10,000 in property damage liability and $10,000 in personal injury protection (PIP):
- $10,000 in PIP covers you, your passengers and other authorized drivers of your car who are injured while in your insured vehicle
- $10,000 for damage you cause to others cars and property
Bodily injury liability not required, but recommended
Florida car insurance laws don t stipulate that you carry bodily injury liability insurance, which pays for injuries others get from an accident you cause. However, many car insurance companies do require it to be part of any policy they sell in the state. That s because Florida is a no-fault state. Treatment for any injuries you suffer is covered by your personal injury protection, up to its limit. This is regardless of who caused the accident. If bills exceed that limit, the at-fault driver is legally personally responsible unless he or she has bought bodily injury liability coverage.
If you buy bodily injury liability coverage, the smallest amount you can buy is $10,000 per person (up to $20,000 per accident).
Drivers in Florida pay, on average, $884 for a year of minimum coverage (with bodily injury amounts most insurers require), according to our rate analysis. You’d pay just $78 more a month, or $939 a year, if you hiked your protection to full coverage limits of 100/300/100. If you increased your coverage to only 50/100/50 you would pay just $46 a year more, about $4 a month.
Best car insurance in Orlando
The least expensive coverage isn t always sufficient for every scenario. Even a minor accident can put your savings and home in jeopardy if you have just the state required minimum of insurance. To protect your assets, you should buy liability insurance in the following amounts:
- $100,000 to pay for others medical bills
- $300,000 to pay for injuries to others in an accident you cause
- $100,000 to pay for damage to others property
You should also consider buying these optional coverages:
- Comprehensive, which replaces stolen cars and covers damage to your car from floods, fire, hail, vandalism.
- Collision, which pays for damage to your car from accidents.
Comprehensive insurance and collision coverage are typically very affordable and a wise idea if you have a newer car. That s because these coverages pay out up to the actual cash value of your car. In Florida, comprehensive costs $107 and collision costs $242, on average per year, for drivers, according to the Insurance Information Institute. Unlike liability insurance, these optional coverages come with a deductible. That s the amount you pay before your insurance goes into effect. You select a deductible amount when you buy coverage. Common deductibles amounts are $1,000, $500 and $250. The lower your deductible is, the higher your rate will be.