Paying for high-priced auto insurance in Largo can overdraw your funds and possibly require you to analyze your spending habits. Doing a rate analysis is a smart way to reduce premiums and put more money in your pocket.

A recent NerdWallet.com study revealed that the vast majority of consumers kept buying from the same company for more than four years, and 38% of customers have never compared rates to find cheaper insurance. Largo drivers could save as much as 55% a year just by shopping around, but most undervalue the big savings they would realize if they just switched companies.

You have so many insurance companies to insure vehicles with, and although it's a good thing to have multiple companies, too many choices makes it more difficult to get the best deal.

There are several ways to compare quotes from different Largo insurance companies. The easiest way to find affordable insurance rates is to get quotes online.

Comparing rates online is fast and free, and it takes the place of having to drive around to all the different insurance agencies. The ability to get quotes online has made agencies unnecessary unless you want the advice and guidance only provided by licensed agents. Some companies do allow you to find lower rates online but have a local Largo agent actually write the policy.

Just keep in mind that comparing more quotes will increase your chances of finding the best price.

The auto insurance companies shown below are our best choices to provide comparison quotes in Florida. To locate cheap auto insurance in Florida, it's highly recommended you visit as many as you can in order to get a fair rate comparison.

Insurance Price Estimates for Popular Vehicles in Largo
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Impala LT $1,314 $657 $110
Chevrolet Silverado LT Crew Cab 4WD $1,042 $521 $87
Dodge Ram Crew Cab SLT 4WD $1,434 $717 $120
Ford Escape Limited 4WD $1,316 $658 $110
Ford F-150 XLT Super Cab 4WD $1,046 $523 $87
Ford Focus SE 2-Dr Coupe $1,846 $923 $154
Ford Fusion SE 4-Dr Sedan $1,378 $689 $115
Honda Accord LX 4-Dr Sedan $1,224 $612 $102
Honda CR-V LX 2WD $934 $467 $78
Honda Civic EX 2-Dr Coupe $2,032 $1,016 $169
Hyundai Elantra SE Touring Station Wagon $1,382 $691 $115
Hyundai Sonata Limited 4-Dr Sedan $1,258 $629 $105
Jeep Grand Cherokee Laredo 2WD $1,108 $554 $92
Nissan Altima 3.5 SR 2-Dr Coupe $1,978 $989 $165
Toyota Camry LE $1,274 $637 $106
Toyota Corolla XLE $1,340 $670 $112
Toyota Prius $1,350 $675 $113
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Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Price estimates do not factor in specific Largo garaging location which can impact prices significantly.

Full coverage versus liability-only

The chart below shows the difference between Ford Escape auto insurance costs with full physical damage coverage compared to only buying liability only. The prices are based on no violations or accidents, $500 deductibles, single female driver, and no discounts are factored in.

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

When to drop comprehensive and collision

There isn't a written rule to stop buying physical damage insurance, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of any settlement you would receive from your insurance company, then it's probably a good time to buy liability coverage only.

For example, let's pretend your Ford Escape replacement value is $7,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $6,000 after the policy deductible has been paid. If you are paying more than $600 a year for full coverage, then you might want to think about dropping full coverage.

There are a few situations where only buying liability is not recommended. If you haven't satisfied your loan, you have to keep full coverage in order to keep the loan. Also, if you can't afford to buy a different vehicle in the even your car is totaled, you should not drop full coverage.

Comparison of car insurance rates by gender and age

The information below shows the difference between annual premium costs for male and female drivers in Largo. The premium estimates are based on no violations or accidents, comprehensive and collision coverage, $250 deductibles, single marital status, and no discounts are factored in on a Chevrolet Tahoe LTZ.

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

Choosing deductibles

One of the most common car insurance questions is what deductibles to buy. The premium rates below can help show the price difference when you choose different physical damage coverage deductibles. The first pricing table uses a $100 physical damage deductible and the second price chart uses a $1,000 deductible.

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

Honda Civic insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Civic DX 4-Dr Sedan $312 $648 $418 $24 $124 $1,551 $129
Civic VP 4-Dr Sedan $312 $764 $418 $24 $124 $1,667 $139
Civic LX 4-Dr Sedan $312 $764 $418 $24 $124 $1,667 $139
Civic DX 2-Dr Coupe $312 $764 $522 $30 $156 $1,809 $151
Civic EX 4-Dr Sedan $312 $764 $418 $24 $124 $1,667 $139
Civic LX-S 4-Dr Sedan $312 $764 $418 $24 $124 $1,667 $139
Civic LX 2-Dr Coupe $312 $880 $522 $30 $156 $1,925 $160
Civic EX-L 4-Dr Sedan $358 $880 $418 $24 $124 $1,829 $152
Civic SI 4-Dr Sedan $358 $880 $418 $24 $124 $1,829 $152
Civic EX 2-Dr Coupe $358 $880 $522 $30 $156 $1,971 $164
Civic GX 4-Dr Sedan $358 $880 $418 $24 $124 $1,829 $152
Civic EX-L 2-Dr Coupe $358 $880 $522 $30 $156 $1,971 $164
Civic Hybrid 4-Dr Sedan $406 $764 $418 $24 $124 $1,761 $147
Civic SI 2-Dr Coupe $406 $994 $522 $30 $156 $2,133 $178
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Honda Civic insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Civic DX 4-Dr Sedan $174 $342 $418 $24 $124 $1,082 $90
Civic VP 4-Dr Sedan $174 $402 $418 $24 $124 $1,142 $95
Civic LX 4-Dr Sedan $174 $402 $418 $24 $124 $1,142 $95
Civic DX 2-Dr Coupe $174 $402 $522 $30 $156 $1,284 $107
Civic EX 4-Dr Sedan $174 $402 $418 $24 $124 $1,142 $95
Civic LX-S 4-Dr Sedan $174 $402 $418 $24 $124 $1,142 $95
Civic LX 2-Dr Coupe $174 $464 $522 $30 $156 $1,346 $112
Civic EX-L 4-Dr Sedan $200 $464 $418 $24 $124 $1,230 $103
Civic SI 4-Dr Sedan $200 $464 $418 $24 $124 $1,230 $103
Civic EX 2-Dr Coupe $200 $464 $522 $30 $156 $1,372 $114
Civic GX 4-Dr Sedan $200 $464 $418 $24 $124 $1,230 $103
Civic EX-L 2-Dr Coupe $200 $464 $522 $30 $156 $1,372 $114
Civic Hybrid 4-Dr Sedan $224 $402 $418 $24 $124 $1,192 $99
Civic SI 2-Dr Coupe $224 $524 $522 $30 $156 $1,456 $121
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Rate information does not factor in garaging location in Largo which can revise price quotes greatly.

Based on this data, we can arrive at the conclusion that using a $100 deductible costs roughly $47 more each month or $564 every year than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have at least 19 months between claim filings, you would save more money if you elect the higher deductible. The numbers below show how we made this calculation.

Average monthly premium for $100 deductibles: $150
Average monthly premium for $1,000 deductibles (subtract): - $103
Monthly savings from raising deductible: $47
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $47
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

An important sidenote is that higher deductibles means you will have to pay more when you do file a claim. That will necessitate enough savings in the event you need to pay the deductible for vehicle repair.

Do you qualify for discounts on auto insurance?

Companies that sell car insurance don't list all discounts very well, so the list below contains some of the more common and the more hidden savings tricks you should be using when you buy Largo auto insurance online.Save money with discounts

A little disclaimer on discounts, most of the big mark downs will not be given to the overall cost of the policy. Most only apply to specific coverage prices like physical damage coverage or medical payments. Even though it appears you could get a free auto insurance policy, you're out of luck. Any amount of discount will bring down your policy cost.

Large auto insurance companies and some of their more popular discounts are:

Before you buy a policy, ask every insurance company to give you their best rates. Some of the earlier mentioned discounts might not be available to policyholders in every state. To choose insurers with the best auto insurance discounts in Largo, click here.

Buying from insurance agencies

Some consumers still like to get professional advice from a licensed agent and we recommend doing that An additional benefit of price shopping on the web is that you can find cheap auto insurance rates and still have an agent to talk to. Buying insurance from neighborhood agents is definitely important in Largo.

Find insurance agent in LargoAfter completing this simple form, your insurance data is immediately sent to local insurance agents in Largo who want to provide quotes for your insurance coverage. It simplifies rate comparisons since you won't have to search for any insurance agencies since price quotes are sent to you. You can find better rates without requiring a lot of work. In the event you want to get a comparison quote from one company in particular, don't hesitate to go to their quote page and give them your coverage information.

Picking the best company requires you to look at more than just a cheap price quote. Below are some questions you should ask.

Your car insurance coverage should be tailored to you

When quoting and choosing the right insurance coverage, there really isn't a "perfect" insurance plan. Everyone's situation is unique and a cookie cutter policy won't apply.Car insurance savings For example, these questions may help highlight whether you would benefit from professional advice.

If you're not sure about those questions but one or more may apply to you, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies.

Quote cheap insurance with these tips

When buying insurance it's important to understand the factors that come into play when calculating your insurance rates. When consumers understand what determines base rates, this enables you to make decisions that will entitle you to big savings.

The itemized list below are some of the things used by insurance companies to determine prices.

Protect more than your vehicle

Despite the high cost, maintaining insurance is required for several reasons.

The benefits of having car insurance more than offset the price you pay, particularly if you ever have a claim. On average, a vehicle owner in Largo is currently overpaying as much as $869 every year so it's very important to do a rate comparison each time the policy renews to help ensure money is not being wasted.

Insurance losses by coverage

Which vehicles rank well for chances of having claims? The following statistics list the highest and lowest cars and trucks for likelihood of having claims orgainized by coverage.

Auto Insurance Comprehensive Claims by Vehicle Model
Lowest Claim Frequency Highest Claim Frequency
Nissan Leaf Bentley Continental GT
Chevy Silverado 2500 Maserati Quattroporte
Nissan Xterra BMW M6
Smart ForTwo Mercedes-Benz S Class
Chevy Spark BMW M6
Volvo V60 Bentley Continental GTC

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Manufacturer Models with the Lowest and Highest Collision Claims
Lowest Claim Frequency Highest Claim Frequency
Ford F-250 SuperCab Ferrari 458
Ford F-150 SuperCrew Nissan GT-R
Jeep Wrangler Bently Continental GTC
Chevrolet Colorado Maserati Granturismo
Ford Edge BMW 6 Series
Smart ForTwo BMW M6

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Lowest and Highest Car Insurance Medical Payment Claims by Vehicle Model
Lowest Claim Frequency Highest Claim Frequency
Chevrolet Silverado 3500 Hyundai Accent
Ford F-250 SuperCrew Mitsubishi Mirage
Ford Expedition Dodge Charger
Chevrolet Silverado 2500 Mitsubishi Lancer
Ford F-350 SuperCrew Kia Forte
Chevrolet Corvette Nissan Versa

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Lowest and Highest Liability Coverage Claims by Vehicle
Lowest Claim Frequency Highest Claim Frequency
Mercedes-Benz SL Class Hyndai Accent
Subaru Outback Mitsubishi Mirage
Fiat 500 Mitsubishi Lancer
Acura MDX Chevrolet Sonic
Chevrolet Corvette Dodge Charger
Volvo XC60 Kia Rio

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Cheaper auto insurance is out there

You just read a lot of tips how to save on auto insurance in Largo. The key concept to understand is the more companies you get car insurance rates for, the more likely it is that you will get a better rate. Consumers could even find that the lowest rates are with the least-expected company. Some small companies may often insure only within specific states and give getter rates than their larger competitors like Allstate or State Farm.

Discount auto insurance in Largo is available from both online companies and from local agencies, and you should compare price quotes from both in order to have the best chance of saving money. There are still a few companies who don't offer internet price quotes and many times these smaller providers work with independent agents.

When you buy Largo auto insurance online, it's very important that you do not skimp on critical coverages to save a buck or two. There are many occasions where someone dropped collision coverage only to find out that it was a big mistake. The aim is to buy a smart amount of coverage at a price you can afford, but do not skimp to save money.

Additional detailed information is located by following these links: