Finding out which companies quote the lowest-priced auto insurance rates for single moms in Florida involves a bit more work in order to find coverage that fits your budget.
Each insurance company uses different criteria to determine premium rates, so let's look at the rankings for the most budget-friendly auto insurance companies in Florida. It's important to know that Florida auto insurance rates are based on many factors that can increase your annual premium. Getting older, buying a home, or getting into an accident may generate price changes that can now make some companies more affordable than before.
Find Cheaper Car Insurance for Single Moms
|Rank||Company||Cost Per Year|
|Get Personalized Rates Go|
USAA quotes some of the lowest car insurance rates in Florida at around $948 annually. Electric, Amica, Progressive, and Travelers also make the cut as some of the cheapest Florida car insurance companies.
As the example above demonstrates, if you are insured with Progressive and switched to USAA, you could earn a yearly price reduction of in the vicinity of $899. Florida drivers with Travelers may save as much as $921 a year, and Allied insureds might lower prices by $997 a year.
These rates are averaged for all drivers and vehicles in Florida and and are not figured with a price discount for single moms. So the insurer that fits you best may not even be in the top 21 companies shown above. That affirms the importance of why you need to get auto insurance quotes using your own specific driver and vehicle information.
The type of vehicle you are seeking coverage for is one of the largest considerations when trying to find low-priced auto insurance for single moms. Vehicles with high performance engines, a lack of modern safety features, or a high likelihood of having liability claims will cost significantly more to insure than more economical and safe models. The list below outlines insurance rates for the cheaper vehicles to insure in Florida.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda Accord EX-L 4-Dr Sedan||$1,310|
|Ford Escape XLT 2WD||$1,385|
|Ford Explorer Limited AWD||$1,460|
|Hyundai Elantra GLS 4-Dr Sedan||$1,508|
|Chevrolet Impala LTZ||$1,513|
|Toyota Camry XLE||$1,508|
|Honda CR-V EX 4WD||$1,520|
|Ford Edge SE 2WD||$1,523|
|Chevrolet Malibu LTZ||$1,535|
|Ford Fusion Sport 4-Dr Sedan||$1,543|
|Chevrolet Equinox LTZ AWD||$1,535|
|Dodge Grand Caravan SE||$1,555|
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Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Rates do not factor in specific zip code location which can impact auto insurance rates significantly.
Looking at the rates, we can presume that makes and models like the Honda Accord, Toyota Prius, and Ford Escape are going to be some of the cheaper vehicles to insure for single parents.
Get discount Florida auto insurance rates
Insurers that offer quotes for single moms may have special discounts that could lower prices by as much as 35% if you meet specific criteria. The best auto insurance companies and their offered discounts are included below.
- GEICO has discounts for five-year accident-free, emergency military deployment, military active duty, anti-theft, membership and employees, multi-vehicle, and good student.
- Auto-Owners Insurance may offer discounts for safe vehicle, air bags, mature driver, teen driver, anti-theft, company car, and multiple vehicles.
- American Family offers discounts for good student, mySafetyValet, TimeAway discount, early bird, good driver, and Steer into Savings.
- Esurance discounts include paid-in-full, claim free, anti-lock brakes, good student, Switch & Save, online quote, and online shopper.
- Progressive may have discounts that include multi-policy, good student, online signing, homeowner, and multi-vehicle.
- State Farm may include discounts for good driver, anti-theft, good student, defensive driving training, student away at school, and Drive Safe & Save.
- AAA policyholders can earn discounts including good driver, anti-theft, multi-policy, education and occupation, AAA membership discount, multi-car, and pay-in-full.
The information below visualizes the comparison of auto insurance rates with and without discounts applied to the policy premium. The premiums assume a female driver, a clean driving record, no claims, Florida state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with multiple policy, vehicle safety, defensive driving course, claim-free, marriage, and homeowner discounts applied. With discounts applied, the average savings per year on auto insurance for single moms is 28% or $625.
Full coverage rates compared to liability only
Reducing premiums for auto insurance is the goal of the majority of drivers, and one of the fastest ways to buy cheap insurance for single moms in Florida is to only pay for liability coverage. The example below shows the comparison of car insurance rates with full coverage and liability only. The rates are based on no claims, a clean driving record, $100 deductibles, drivers are single, and no discounts are applied.
If averaged out across all ages, comprehensive and collision coverage on your policy costs $2,385 per year over and above liability only. That amount may make you wonder if paying for full coverage is worth it. There is no specific rule of when to stop paying for physical damage insurance, but there is a general convention. If the annual cost of coverage is about 10% or more of the settlement you would receive from your company, then you may want to consider only buying liability coverage.
For example, let's assume your vehicle's replacement value is $8,500 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would receive is $7,500 after you pay the deductible. If it's costing you more than $750 a year to have full coverage, then you may want to consider only buying liability coverage.
There are a few situations where only buying liability is not in your best interest. If you still owe money on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if you don't have enough money to buy a different vehicle in the even your car is totaled, you should not eliminate full coverage.
Which auto insurance company is best in Florida?
Picking a high-quality auto insurance provider can be challenging considering how many companies there are in Florida. The company rank data in the next section can help you pick which providers to look at when comparing rates.
The rankings below are for companies that insure vehicles across America, so companies that focus mainly on Florida business are not factored into this list. To get price quotes from these top-rated insurers and more, follow this link.
Top 10 Large Auto Insurance Providers in Florida Ranked by Value
- Mercury Insurance
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- The General
- 21st Century
Top 10 Large Auto Insurance Providers in Florida Ranked by Customer Satisfaction
- USAA - 91%
- AAA Insurance - 90%
- Esurance - 90%
- Mercury Insurance - 89%
- Nationwide - 89%
- Travelers - 88%
- Progressive - 88%
- Safeco Insurance - 88%
- State Farm - 88%
- Allstate - 88%
A good deal can quickly turn bad
Florida auto insurance rates are calculated based on many things that can increase the cost of having a policy. Simply turning a year older, becoming a homeowner, or having an accident may generate price changes resulting in some rates now being more affordable than before. And not only may your rating factors change, but companies modify rates at least once a year to adjust for gains or losses. Higher than normal claim frequency or severity may result in increased rates, while lower claim expenses may cause cheaper Florida car insurance rates.
To help illustrate this point, the graph below shows a variety of companies that have the cheapest car insurance in Florida for a 30-year-old female driver with no accidents, a clean driving record, and a decent credit rating. If we look at prices based on her personal risk profile, USAA might offer the cheapest car insurance rates in Florida at $977 each year. This is $1,471 less than the average premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers round out the rest of the top five cheapest Florida auto insurance companies.
The example below compares rates after we give the driver from the first set of rates an accident claim, poor credit, and a speeding citation. Due to the fact that each insurance company has a different process to set policy rates, comparing quotes will most likely result in a different ranking of companies as shown below.
USAA now has the cheapest price in Florida with Mercury, GEICO, Esurance, and State Farm also having competitive pricing. This illustrates why it is important to perform an extensive rate comparison when trying to find the best insurance rates for single moms. Insurance rates consist of many risk factors and can change without notice, so the most economical option the last time you shopped your coverage around may now be quite expensive.