Do you want to save money by finding cheaper car insurance rates in Cocoa, FL? Saving money on car insurance is always very difficult for beginners to buying insurance online. With more and more insurance companies available, it can easily be a real hassle to find more affordable car insurance rates.

Amazingly, a recent NerdWallet.com study showed that nearly 70% of Florida drivers have bought car insurance from the same company for a minimum of four years, and 38% of drivers have never taken the time to shop around. Many consumers in the United States could save $850 a year, but they mistakenly think it's difficult to compare rate quotes online.

It's a good habit to do price comparisons before your next renewal due to the fact that insurance prices are variable and change quite frequently. Just because you found the best price on car insurance last year a different company probably has better rates today. You'll find quite a bit of inaccurate information about car insurance on the web, but by reading this article, you're going to learn some good information on how to slash your car insurance rates in Cocoa.

Compare quotes for Cocoa car insurance

When price shopping your coverage, making a lot of price comparisons helps improve the odds of finding more affordable rates. Not every company does price estimates online, so you also need to get quotes from the smaller companies as well.

The companies shown below offer quotes in Florida. If the list has multiple companies, we recommend you visit as many as you can to get a more complete price comparison.

Insurance Rates for Popular Vehicles in Cocoa
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Silverado LS Crew Cab 4WD $1,604 $802 $134
Dodge Grand Caravan CV $1,204 $602 $100
Dodge Ram Quad Cab SLT 2WD $1,408 $704 $117
Ford Escape XLS 2WD $1,092 $546 $91
Ford F-150 STX Regular Cab 2WD $1,276 $638 $106
Ford Focus SEL 4-Dr Sedan $1,310 $655 $109
GMC Sierra SL Extended Cab 2WD $1,424 $712 $119
Honda Accord LX-P 4-Dr Sedan $1,398 $699 $117
Honda CR-V LX 2WD $932 $466 $78
Honda Civic DX 2-Dr Coupe $1,258 $629 $105
Hyundai Sonata Limited 4-Dr Sedan $1,496 $748 $125
Jeep Wrangler Sport Islander Package 4WD 2-Dr $1,220 $610 $102
Nissan Altima 3.5 SR 2-Dr Coupe $1,324 $662 $110
Nissan Rogue SL 2WD $1,454 $727 $121
Toyota Camry SE $1,228 $614 $102
Toyota Corolla S $1,022 $511 $85
Volkswagen Jetta LE 4-Dr Sedan $990 $495 $83
Get Your Own Custom Quote Go

Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Information does not factor in vehicle location which can increase or decrease rates greatly.

Liability-only rates compared to full coverage

The example below examines Hyundai Elantra insurance costs with full coverage and liability only. The premium estimates are based on a clean driving record, no claims, $500 deductibles, single female driver, and no additional discounts are factored in.

Hyundai Elantra rates are for example purposes only. To get rates for your specific vehicle, click here.

When to drop full coverage

There is no specific rule for eliminating full coverage on your policy, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.

For example, let's say your Hyundai Elantra book value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company would pay you is $2,000 after paying your deductible. If you are paying over $200 annually for physical damage coverage, then you may want to consider only buying liability coverage.

There are some conditions where dropping full coverage is not recommended. If you haven't satisfied your loan, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if you can't afford to buy a different vehicle in case of an accident, you should keep full coverage in place.

Cut your insurance rates with discounts

Some insurance providers don't always publicize every policy discount very well, so the following list contains both the well known as well as the least known discounts you could be receiving when you buy Cocoa auto insurance online. If you check and find you aren't receiving every discount available, you are not getting the best rate possible.Insurance discounts

One thing to note about discounts is that most credits do not apply to the overall cost of the policy. Most only cut the price of certain insurance coverages like comprehensive or collision. So even though it sounds like adding up those discounts means a free policy, insurance companies aren't that generous.

To choose companies that offer some of these discounts in Cocoa, follow this link.

Why do I need car insurance?

Even though it can be expensive, buying car insurance is mandatory in Florida but it also protects more than you think.

The benefits of having car insurance outweigh the cost, specifically if you ever have a liability claim. The average driver in America is overpaying over $855 a year so it's important to compare rates every year to save money.

Independent or exclusive insurance agents

A lot of people still prefer to visit with an insurance agent and we recommend doing that The best thing about getting free rate quotes online is that you can find the lowest rates but also keep your business local. Buying from neighborhood insurance agencies is still important in Cocoa.

To make it easy to find an agent, after completing this quick form, your information is submitted to local insurance agents in Cocoa that give free quotes to get your business. You don't have to search for an agent due to the fact that quote results will go instantly to you. It's the lowest rates and work with a local agent. If you need to compare prices from a particular provider, feel free to jump over to their website and give them your coverage information.

Two types of car insurance agents

If you need to find a local agent, it's important to understand the types of insurance agents that you can select. Cocoa agents can be described as either independent agents or exclusive agents.

Independent Insurance Agents

Agents in the independent channel do not have single company limitations so they have the ability to put coverage through many different insurance companies and find the cheapest rate. To transfer your coverage to a different company, an independent agent can move your coverage and you can keep the same agent.

If you need lower rates, we highly recommend that you get some free quotes from several independent insurance agents to have the most options to choose from. Most also write with smaller companies that many times have cheaper rates.

Exclusive Insurance Agents

Exclusive agencies have only one company to place business with such as Farmers Insurance and State Farm. Exclusive agencies are unable to provide rate quotes from other companies so it's a take it or leave it situation. Exclusive insurance agents are highly trained on their company's products which can be an advantage. Consumers frequently purchase coverage from exclusives mainly due to the prominent brand name rather than low rates.

Finding the right car insurance agent shouldn't rely on just a cheap price quote. Some important questions to ask are: