Finding out which companies have the cheapest auto insurance rates in Port St. Lucie will involve a bit more effort in order to find a policy that fits your budget. Every insurance provider has a different process to determine premium rates, so let's take a look at the most affordable auto insurance companies in Florida.
|Rank||Company||Cost Per Year|
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USAA generally has some of the best car insurance rates in Port St. Lucie at around $948 annually. This is $1,500 less than the average price paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers would also be considered some of the most economical Port St. Lucie, FL car insurance companies.
In this example, if you are a policyholder with Amica and switched to USAA, you may realize a yearly savings of upwards of $798. Florida drivers with Progressive could save as much as $845 a year, and Travelers customers might lower prices by up to $940 a year.
It's important to note that these estimates are averages for all drivers and vehicles and are not factoring in a specific location in Port St. Lucie. So the auto insurance company that has the cheapest price for you may not even be in the top 21 companies shown above. That affirms the importance of why you need to get rate quotes from many companies using your own specific driver and vehicle information.
For drivers in Port St. Lucie, one of the largest criteria that aid in calculating the amount you pay each year for auto insurance is where you call home. Cities with larger populations or higher claim trends tend to pay slightly more, whereas areas that tend to be more rural have the benefit of cheaper auto insurance prices.
The information below shows the most expensive areas in Florida to purchase car insurance in. Port St. Lucie shows up at #21 with a yearly premium of $1,916 on average, which is around $160 per month.
|Rank||City||Premium Per Year|
|5||West Palm Beach||$2,625|
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Rate information is comparative as the specific garaging location can revise prices noticeably.
Chances are good that you're overpaying for Port St. Lucie car insurance
Port St. Lucie, FL auto insurance rates are calculated based on many things which can substantially decrease or increase the price of coverage. Improving your credit score, adding a teenager to your policy, or getting a few speeding tickets may prompt premium changes that can make some companies affordable when they were higher priced. Also, insurers file new Florida car insurance rates multiple times each year in order to remain profitable. Higher than normal claims can result in higher priced premiums, while less frequent claims can cause more affordable Port St. Lucie car insurance rates.
To illustrate this point, the bar chart below shows the companies that have the cheapest car insurance in Port St. Lucie, FL for a 30-year-old male driver with no prior claims, no tickets, and good financial standing. If we compare prices based on his personal risk profile, USAA offers the cheapest car insurance rates in Port St. Lucie at $1,159 each year. This is $1,289 less than the average rate paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Mercury are also included in the best Port St. Lucie, FL auto insurance companies.
The chart below compares rates after we give the driver from the first example an accident claim, a little lower credit rating, and a speeding citation. Due to the fact that each insurance company has a unique formula to determining premium rates, analyzing rate quotes may result in a different ranking of the cheapest companies as shown below.
USAA now has the cheapest car insurance in Port St. Lucie with Travelers, State Farm, Auto-Owners, and Esurance also being competitive. This example illustrates why consumers need to take the time to shop around to get the most economical auto insurance rates in Port St. Lucie.
Rates are calculated by many factors and can change without notice, so the most affordable company six months ago may now be one of the more expensive options.
The make and model of vehicle on the policy is one of the largest considerations when looking for cheaper coverage in Port St. Lucie. Vehicles with lower performance, excellent safety ratings, or a track record of few liability claims will cost quite a bit less to insure than high performance models. The data below shows coverage costs for the cheaper vehicles to insure in Florida.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLT 4WD||$1,118|
|Honda CR-V EX-L 2WD||$1,127|
|Ford F-150 FX4 4WD||$1,318|
|Ford Focus SEL 4-Dr Sedan||$1,337|
|Honda Accord LX-P 4-Dr Sedan||$1,341|
|Toyota Camry XLE||$1,360|
|Hyundai Elantra SE 4-Dr Sedan||$1,369|
|Ford Edge SE 2WD||$1,377|
|GMC Sierra SLT Crew Cab 2WD||$1,387|
|Honda Odyssey Touring||$1,397|
|Jeep Wrangler Sahara 4WD 2-Dr||$1,406|
|Chevrolet Malibu Hybrid||$1,484|
|Ford Explorer XLT 2WD||$1,503|
|Chevrolet Impala LS||$1,557|
|Volkswagen Jetta 2.0T Station Wagon||$1,574|
|Chevrolet Silverado 2500HD LTZ Crew Cab 4WD||$1,588|
|Toyota RAV4 4WD||$1,593|
|Chevrolet Equinox LS AWD||$1,588|
|Chevrolet Silverado LS Extended Cab 2WD||$1,591|
|GMC Sierra 3500HD SLE Crew Cab 2WD||$1,614|
|Dodge Grand Caravan SXT||$1,622|
|Nissan Rogue SL AWD||$1,667|
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Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Premium costs do not factor in vehicle location which can raise or lower coverage prices greatly.
Looking at the rates, you can presume that makes and models like the Ford Escape, Honda CR-V, Toyota Prius, and Ford F-150 will definitely be a few of the most affordable vehicles to insure for drivers in Port St. Lucie.
Insurance rate increases from tickets or accidents
In a perfect world, the best way to earn low car insurance prices for drivers in Port St. Lucie is to be a safe driver and not get tickets or have accidents. The example below shows how violations and accidents can impact auto insurance rates for each different age category. The premiums are based on a married female driver, full physical damage coverage, $1,000 deductibles, and no additional discounts are factored in.
In the previous example, the average cost of a car insurance policy in Port St. Lucie per year with no violations or accidents is $1,806. Add in two speeding tickets and the average cost hikes up to $2,557, an increase of $751 each year. Now include one accident along with the two speeding tickets and the yearly cost of car insurance in Port St. Lucie increases to an average of $3,327. That's an increase of $1,521, or $127 per month, just for not paying attention while driving!
Get discount Port St. Lucie auto insurance
Auto insurance companies that offer cheap quotes in Port St. Lucie may have price discounts that may potentially lower prices by as much as 35% or more if you meet the requirements. A few popular companies and their offered discounts are detailed below.
- State Farm offers premium reductions for defensive driving training, multiple autos, passive restraint, good student, student away at school, anti-theft, and driver's education.
- GEICO discounts include multi-vehicle, federal employee, anti-lock brakes, air bags, military active duty, and anti-theft.
- Liberty Mutual may have discounts that include new move discount, newly retired, multi-policy, exclusive group savings, and new vehicle discount.
- The Hartford has discounts for good student, air bag, driver training, vehicle fuel type, and anti-theft.
- MetLife may include discounts for good student, claim-free, defensive driver, accident-free, multi-policy, good driver
- Progressive offers discounts including continuous coverage, online quote discount, multi-vehicle, online signing, multi-policy, and homeowner.
The diagram below visualizes the comparison of insurance premiums with and without discounts applied to the rates. The data is based on a female driver, a clean driving record, no at-fault accidents, Florida state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with passive restraint, safe-driver, marriage, multiple vehicle, claim-free, and vehicle safety discounts applied. When discounts are factored in, the average amount saved each year on car insurance in Port St. Lucie is 28% or $625.
How to find cheaper insurance in Port St. Lucie
Lowering your rates is not difficult, and here are some of the recommended thrifty ideas that can help you locate cheap car insurance.
- Drivers with good credit ratings often pay less
- Remove physical damage coverage on older vehicles
- Maintain a safe distance and avoid accidents
- Drive a car with a high safety rating
- Buying home and auto insurance together can earn discounts
- Compare rates and switch if you can find a better deal
The last tip is remarkably crucial, as we hit on in the article above. Auto insurance rates vary considerably, so don't be unwilling to buy a policy from a new company if a more affordable price is available. Many drivers tend to have loyalty to a certain company, but it isn't a good idea if that loyalty results in overpaying lots of money. If you have a few minutes, compare rates to find cheaper car insurance in Port St. Lucie.