Want to learn a better way to compare lower-priced insurance rates in Port Orange, FL? Port Orange shoppers have many options when shopping for the best price on car insurance. You can either spend your time struggling with agents trying to get quotes or utilize the internet to get rate quotes. There is a right way and a wrong way to buy insurance and we'll show you the best way to price shop coverage for a and obtain the lowest possible price.

Surprisingly, a recent survey revealed that a large majority of drivers have bought insurance from the same company for four years or more, and approximately 38% of consumers have never even compared rates from other companies. Many consumers in Port Orange could save almost $1,100 every year just by getting comparison quotes, but most undervalue the amount of savings they would get if they switched to a cheaper policy.

How your Port Orange rates are determined

Smart consumers have a good feel for a few of the rating criteria that help calculate the price you pay for insurance. If you have a feel for what determines premiums, this enables you to make decisions that will entitle you to better insurance rates. Lots of things are considered when you get a price on insurance. Some factors are common sense such as traffic violations, although others are not as apparent such as your credit history and annual miles driven.

Listed below are some of the factors companies use to determine premiums.

How to lower your auto insurance cost in Port Orange, Florida

Finding a lower price on insurance is pretty simple and can save money. You just need to invest a few minutes getting comparison quotes from online providers.

The providers in the list below are our best choices to provide comparison quotes in Florida. If several companies are displayed, we suggest you visit two to three different companies to find the most affordable auto insurance rates.

Insurance Rate Estimates for Popular Vehicles in Port Orange
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Silverado LTZ Extended Cab 2WD $1,432 $716 $119
Dodge Grand Caravan Crew $1,338 $669 $112
Dodge Ram Quad Cab SLT 4WD $1,610 $805 $134
Ford Escape Limited 4WD $1,382 $691 $115
Ford F-150 XLT Super Cab 2WD $1,024 $512 $85
Ford Focus SEL 4-Dr Sedan $1,370 $685 $114
Ford Fusion SE 4-Dr Sedan $1,372 $686 $114
Honda Accord EX 4-Dr Sedan $1,246 $623 $104
Honda CR-V EX 2WD $1,224 $612 $102
Honda Civic EX 4-Dr Sedan $1,022 $511 $85
Honda Odyssey LX $1,508 $754 $126
Hyundai Elantra SE 4-Dr Sedan $1,528 $764 $127
Nissan Altima 2.5 4-Dr Sedan $1,660 $830 $138
Nissan Rogue SL 2WD $1,508 $754 $126
Toyota Camry SE $1,168 $584 $97
Toyota Corolla XLE $1,164 $582 $97
Toyota Prius $1,376 $688 $115
Volkswagen Jetta SE 2.5 Station Wagon $1,242 $621 $104
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Prices above based on single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Premium amounts do not factor in specific location which can change insurance rates noticeably.

Physical damage deductibles: Should you raise them?

The diagram below highlights how deductible choice and can increase or decrease Ford Focus insurance rates for different insured age categories. The information is based on a single female driver, full coverage, and no other discounts are factored in.

Ford Focus rates are for example purposes only. To get rates for your specific vehicle, click here.

Age-based auto insurance rates by gender

The chart below shows the comparison of insurance premiums for male and female drivers in Port Orange. Data assumes no violations or claims, full physical damage coverage, $500 deductibles, single marital status, and no discounts are taken into consideration on a Honda Pilot EX.

Honda Pilot rates are for example purposes only. To get rate quotes for your specific vehicle, click here.

Should you raise deductibles?

When comparing auto insurance rates, the most common question is how high should the physical damage deductibles be. The tables below outline the rate differences between high and low coverage deductibles. The first set of rates uses a $100 deductible for comprehensive and collision coverage and the second rate table uses a $500 deductible.

Toyota Camry rates are for example purposes only. To get rates for your specific vehicle, click here.

Toyota Camry insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $358 $648 $418 $24 $124 $1,597 $133
Camry SE $358 $764 $418 $24 $124 $1,713 $143
Camry XLE $358 $764 $418 $24 $124 $1,713 $143
Camry Hybrid $406 $764 $472 $28 $142 $1,837 $153
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Toyota Camry insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $262 $438 $418 $24 $124 $1,266 $106
Camry SE $262 $516 $418 $24 $124 $1,344 $112
Camry XLE $262 $516 $418 $24 $124 $1,344 $112
Camry Hybrid $296 $516 $472 $28 $142 $1,454 $121
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Rate quotes do not factor in vehicle garaging location which can decrease or increase price quotes substantially.

Based on these figures, using a $100 deductible costs an average of $30 more each month or $360 a year than choosing the higher $500 deductible. Because you would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you normally go at least 13 months between claim filings, you would most likely save money if you opt for a higher deductible.

How to calculate deductible break even point

Average monthly premium for $100 deductibles: $143
Average monthly premium for $500 deductibles (subtract): - $113
Monthly savings from raising deductible: $30
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $30
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

One important note is that higher deductibles means you pay more out-of-pocket when you have a claim. You need to make sure you have enough savings in the event you have to pay the higher deductible in order to repair your vehicle.

Can switching companies really save?

Florida drivers can't avoid all the ads that claim the lowest auto insurance rates from companies such as 21st Century, Allstate and State Farm. They all seem to try to convey promises that you can save if you change your car insurance policy to them.

How does each company charge you less for auto insurance?

Car insurance companies require specific criteria for the type of insured that will most likely be profitable. One example of a profitable customer could be over the age of 40, has never had a policy lapse, and drives less than 5,000 miles a year. Any new insured who matches that profile will get the preferred rates in Port Orange and will probably save money with a new company.

Insureds who cannot meet the ideal profile must pay a higher premium which leads to business not being written. The wording the ads use say "drivers that switch" but not "all drivers who get quotes" save that kind of money. That's why companies can make the claims of big savings. Because each company has a different risk profile, drivers must quote coverage with many companies. It is impossible to predict which car insurance company will be your best fit.

Choosing vehicle insurance is an important decision

Despite the fact that insurance is not cheap in Port Orange, paying for insurance is mandatory in Florida but it also protects more than you think.

The benefits of carrying adequate insurance more than cancel out the cost, especially when you need to use it. Unknowingly, the average driver is overpaying more than $820 a year so compare rates once a year at a minimum to ensure rates are competitive.

Determine discounts on Port Orange auto insurance

Car insurance can cost a lot, but there may be some discounts to reduce the price significantly. Some trigger automatically when you get a quote, but a few must be inquired about prior to getting the savings.Discount auto insurance

A little disclaimer on discounts, most credits do not apply to the entire policy premium. The majority will only reduce specific coverage prices like comp or med pay. So when the math indicates having all the discounts means you get insurance for free, you aren't that lucky. Any qualifying discounts will bring down your policy premiums.

To locate companies that offer many of these discounts in Port Orange, follow this link.

Insurance agencies near you

Many drivers still like to have an agent's advice and we recommend doing that Good insurance agents are trained to spot inefficiencies and help file insurance claims. One of the benefits of comparing insurance prices online is you may find the best rates and still buy from a local agent.

Port Orange insurance agentsTo help locate an agent, after submitting this quick form, your insurance coverage information gets sent to local insurance agents in Port Orange who will give competitive quotes for your coverage. You don't have to contact any agents since rate quotes are delivered to you. If you wish to get a rate quote from a specific insurance company, feel free to jump over to their website and complete a quote there.

Choosing the best insurer should depend on more than just the premium amount. The answers to these questions are important, too.

Auto insurance savings summarized

Throughout this article, we presented some good ideas how to lower your auto insurance rates in Port Orange. The key thing to remember is the more quotes you get, the more likely it is that you will get a better rate. Consumers may even find the biggest savings come from some of the smallest insurance companies.

The cheapest auto insurance in Port Orange can be bought online in addition to local insurance agencies, and you need to comparison shop both in order to have the best price selection to choose from. Some insurance companies do not offer online rate quotes and these small insurance companies work with independent insurance agencies.

Drivers switch companies for many reasons like not issuing a premium refund, delays in paying claims, high rates after DUI convictions and an unsatisfactory settlement offer. It doesn't matter why you want to switch finding a new company can be less work than you think.

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