Deciding which company offers the most affordable auto insurance rates in Pompano Beach will take a little more sweat in order to find the best price. Each company has a proprietary formula to set their prices, so let's take a look at the auto insurance companies with the overall best prices in Pompano Beach, FL.
It's important that you understand Pompano Beach, FL auto insurance rates are determined by lots of factors which can significantly increase or decrease the cost of a policy. Simply having a birthday, moving to a new city, or getting a few speeding tickets may prompt premium changes that can make some companies more affordable than the competition.
USAA may have some of the most affordable car insurance rates in Pompano Beach at around $948 per year. Electric, Amica, Progressive, and Travelers also are some of the most economical Pompano Beach, FL auto insurance companies.
In the rate table above, if you currently buy coverage from Progressive and switched to Electric, you could earn annual savings of about $81. Insureds with Travelers may save as much as $194 a year, and Allied customers might cut rates by $232 a year.
Bear in mind that those rates are averages for all drivers and vehicles and and are not figured with an exact zip code location in Pompano Beach. So the car insurance company that has the cheapest price for you may not even be in the top 21 companies shown above. That is why you need to quote rates from many companies using your own driver information and specific vehicle type.
For drivers in Pompano Beach, one of the more important factors that aid in calculating the price you pay for insurance is where you keep your vehicle in Pompano Beach. Regions with larger populations or more claims tend to have higher auto insurance costs, whereas areas with fewer weather claims and lower vehicle theft rates tend to receive slightly lower rates.
The illustration below shows the most expensive places in Florida in which to buy car insurance. Pompano Beach shows up at #7 having an annual price of $2,620 for the average policy, which is about $218 each month.
|6||West Palm Beach||$2,705|
|19||Port St. Lucie||$1,975|
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Rate information is approximated as the specific Pompano Beach residence address can impact coverage rates substantially.
The make and model of vehicle you are seeking coverage for is a large factor in finding the cheapest car insurance in Pompano Beach. Vehicles with limited speed and performance, a plethora of safety features, or low incidents of liability claims will cost less to insure than fast, unsafe models. The next list outlines car insurance costs for a handful of the most budget-friendly vehicles to buy insurance for.
|Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$1,958|
|Hyundai Elantra GLS Touring Station Wagon||$2,141|
|Ford Escape Limited 2WD||$2,191|
|Ford Explorer XLT 2WD||$2,195|
|Ford Focus SE 4-Dr Sedan||$2,273|
|Toyota RAV4 Sport 2WD||$2,318|
|Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr||$2,384|
|Ford F-150 XL Regular Cab 4WD||$2,396|
|Honda Odyssey LX||$2,428|
|Toyota Corolla XLE||$2,444|
|Chevrolet Silverado 3500HD LT Crew Cab 2WD||$2,532|
|Dodge Grand Caravan Hero||$2,535|
|Chevrolet Malibu Hybrid||$2,542|
|GMC Sierra SLE Regular Cab 2WD||$2,535|
|Honda Civic DX 4-Dr Sedan||$2,551|
|Volkswagen Jetta SE 2.5 Station Wagon||$2,567|
|Chevrolet Equinox LS AWD||$2,608|
|Nissan Rogue SL AWD||$2,617|
|GMC Sierra 2500HD SLE Regular Cab 2WD||$2,652|
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Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Rates do not factor in specific location which can influence premiums noticeably.
Based upon the table data, we can tell that makes and models like the Honda CR-V, Hyundai Elantra, Toyota Prius, Ford Escape, and Ford Explorer will definitely be a few of the cheaper vehicles to insure for drivers in Pompano Beach.
Get discount Pompano Beach insurance
Insurers that sell policies in Pompano Beach may additionally offer discounts that can reduce rates by as much as 40% or more if you are eligible to receive them. Large car insurance companies and a partial list of their discounts are shown below.
- Farmers Insurance offers discounts including electronic funds transfer, homeowner, switch companies, alternative fuel, pay in full, and distant student.
- Esurance includes discounts for safety device, DriveSense, online quote, paid-in-full, online shopper, and good driver.
- State Farm offers premium reductions for student away at school, defensive driving training, good student, good driver, accident-free, and driver's education.
- GEICO may have discounts that include driver training, anti-lock brakes, emergency military deployment, multi-policy, and good student.
- Allstate has savings for multi-policy, resident student, economy car, safe driver, passive restraint, eSmart discount, and utility vehicle.
The example below illustrates the difference between insurance costs with and without discounts applied to the rates. The data is based on a female driver, no claims, a clean driving record, Florida state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with multiple vehicle, marriage, vehicle safety, accident-free, anti-theft, and multiple policy discounts applied. When drivers qualify for the discounts, the average savings per year on car insurance in Pompano Beach is 28% or $625.
Responsible drivers pay cheaper Pompano Beach car insurance rates
The easiest way to receive the cheapest car insurance prices in Florida for drivers in Pompano Beach is to drive safe and maintain a clean driving record. The diagram below illustrates how speeding tickets and fender-benders drive up premium costs for each different age category. The rate quotes are based on a single female driver, full physical damage coverage, $250 deductibles, and no discounts are factored in.
The data charted above shows the average cost of car insurance in Florida per year with no accidents and a clean driving record is $2,077. Get one speeding ticket and the average cost increases to $2,354, an increase of $277 each year. Now throw in one accident along with the one speeding ticket and the yearly cost of car insurance in Pompano Beach jumps again to an average of $3,128. That's an increase of $1,051, or $88 per month, just for being a little careless behind the wheel!
Tips for finding low-cost car insurance in Pompano Beach
Here are a few thrifty suggestions that can help drivers buy lower-cost coverage.
- Pay for smaller claims out-of-pocket
- Save money by bundling your home and auto policies
- If your vehicles are older, consider dropping full coverage
- Vehicles with good safety ratings have lower liability rates
- Violations and traffic tickets increase rates
- Prevent rate increases by staying accident-free
- Shop around and save
That last tip is very crucial, as was noted in the prior information. Car insurance prices fluctuate considerably, so don't be tentative to buy from a new company if you can find a cheaper rate.
Brand loyalty is great, but it's not a great idea if that loyalty ends up costing a wad of cash every year. Now is a great time to compare rates to find cheaper auto insurance in Pompano Beach.