Deciding which company offers the lowest-priced car insurance rates in Tallahassee requires more work than just comparing a company or two. Each company uses their own calculation to set premium rates, so let's take a look at the car insurance companies with the most affordable rates in Tallahassee.
|Rank||Company||Cost Per Year|
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USAA may offer some of the most affordable car insurance rates in Tallahassee at around $948 each year. This is $1,500 less than the average rate paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers also rank well as some of the cheaper Tallahassee, FL insurance companies.
As shown in the table above, if you have coverage with Progressive and switched to USAA, you might realize a yearly price reduction of about $881. Florida drivers with Travelers may save as much as $997 a year, and Mercury customers might reduce prices by as much as $1,044 a year.
To find out how your current rates compare, click here or visit any of the companies below.
Bear in mind that those premium estimates are averages across all types of drivers and the different vehicles they drive and are not factoring in a vehicle location in Tallahassee. So the company that can offer you the best price may not even be in the top 21 companies shown above. That helps illustrate why you need to get auto insurance quotes using your own individual information.
For drivers in Tallahassee, one of the largest criteria that are looked at to determine the price you pay for insurance is where you keep your vehicle in Tallahassee. Larger areas likely pay more, whereas areas with less congestion tend to receive cheaper rates.
The table below ranks the highest-priced places in Florida to purchase a policy in. Tallahassee makes the list at #24 with the yearly price of $1,731 for coverage, which is about $144 each month.
|6||West Palm Beach||$2,679|
|19||Port St. Lucie||$1,994|
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Prices are comparative as the specific zip code location can influence rates noticeably.
Low rates can quickly become overpriced
Tallahassee car insurance rates are impacted by many factors which can significantly increase or decrease the policy price. Simply getting older, filing a claim, or getting a few speeding tickets may prompt premium changes that can now make some companies cheaper than before.
Not only that, but insurers file new Florida car insurance rates as needed to reflect underwriting profits or losses. Higher than normal claims may result in higher prices, while profitable underwriting may produce lower-cost Tallahassee car insurance rates.
The graph below shows the companies that have the cheapest car insurance in Tallahassee, FL for a 35-year-old male driver with no accidents, a clean driving record, and great credit. Based on his current situation, USAA may have the most affordable car insurance rates in Tallahassee at $1,007 per year. This is $1,441 less than the average policy premium paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Allied are the rest of the best Tallahassee, FL auto insurance companies.
The example below compares rates after we give the driver in the first example a chargeable accident, a lower credit rating, and a speeding citation. Due to the fact that every insurance company has a different formula to determine rates, analyzing rate quotes may result in a significantly different list of cheap Tallahassee auto insurance companies as shown below.
USAA now has the best auto insurance rate in Tallahassee, FL with Travelers, Esurance, State Farm, and GEICO now rounding out the top five. This example illustrates why consumers need to compare many different companies when trying to get the most affordable insurance quotes in Tallahassee. Prices consist of many risk factors and can change without notice, so the most economical company a year ago may now be costing you a lot of money.
The vehicle model on the policy is one of the largest considerations when consumers are trying to find low-priced auto insurance in Tallahassee. Vehicles with lower acceleration and performance, excellent safety ratings, or a low likelihood of having liability claims will cost much less to insure than high performance models.
The data below shows coverage rates for a handful of the most budget-friendly vehicles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$873|
|Honda CR-V EX-L 2WD||$892|
|Toyota Tacoma 4WD||$976|
|Hyundai Elantra GLS Touring Station Wagon||$984|
|Ford Escape XLT 2WD||$990|
|Ford F-150 XL Crew Cab 4WD||$995|
|Honda Odyssey LX||$1,047|
|Ford Focus SES 4-Dr Sedan||$1,068|
|Jeep Wrangler Rubicon 4WD 2-Dr||$1,076|
|Honda Civic Hybrid 4-Dr Sedan||$1,106|
|Volkswagen Jetta SE 4-Dr Sedan||$1,113|
|GMC Sierra SLT Crew Cab 2WD||$1,106|
|Dodge Grand Caravan SE||$1,108|
|Ford Edge Limited 2WD||$1,111|
|Chevrolet Malibu LS||$1,132|
|Chevrolet Equinox LS 2WD||$1,163|
|Toyota RAV4 Sport 4WD||$1,169|
|Ford Explorer Eddie Bauer 4WD||$1,188|
|Toyota Camry XLE||$1,193|
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Table data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Rate information does not factor in the specific area where the vehicle is garaged which can revise premiums considerably.
Based upon the rates shown, you can figure that models like the Honda Accord, Honda CR-V, and Toyota Prius are likely to be a few of the most economical vehicles to insure for drivers in Tallahassee.
Cost of full coverage in Tallahassee
Buying cheaper auto insurance is probably important to the majority of vehicle owners, and a good way to buy cheaper insurance in Tallahassee is to not buy comprehensive and collision coverage. The example below illustrates the difference between insurance prices when comparing full coverage to liability only. The premiums assume no claims or violations, $100 deductibles, single status, and no discounts are applied to the premium.
Averaged out for all age groups, physical damage coverage costs an additional $2,385 per year over liability only. That touches on the question if buying full coverage is a waste of money. There is no written rule of when to drop full coverage on your policy, but there is a guideline you can consider. If the annual cost of your full coverage insurance is 10% or more of the settlement you would receive from your company, then you may need to consider dropping full coverage.
For example, let's pretend your vehicle's replacement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company would pay you is $2,000 after the deductible is paid. If you are paying over $200 a year for physical damage coverage, then it may be the right time to buy liability only.
There are a few situations where buying only liability insurance is not financially feasible. If you have an outstanding loan on your vehicle, you have to maintain full coverage to protect the lienholder's interest in the vehicle. Also, if you can't afford to buy a different vehicle if your current one is in an accident, you should not eliminate full coverage.
The information below shows how choosing a deductible can impact annual premium costs when searching for cheap insurance in Tallahassee. The data is based on a single female driver, full physical damage coverage, and no discounts are factored in.
As shown above, a 50-year-old driver could pocket $448 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $674 by changing to a $1,000 deductible. Even younger insureds, such as the 20-year-old example, could shave as much as $1,148 or even more by choosing a higher deductible. If you do make the decision to raise your deductibles, it is a good idea to have additional savings on hand to satisfy the extra out-of-pocket expense that comes with higher deductibles.
How to find budget-friendly auto insurance in Tallahassee
It is possible to find better rates, and here are some of the recommended money-saving suggestions that can help Tallahassee drivers locate cheap coverage.
- Prevent rate increases by staying accident-free
- Don't waste money on full coverage for older vehicles
- Good credit can mean cheaper rates
- Drive a car with a high safety rating
- Raise your physical damage coverage deductibles
- Tickets and violations raise rates
- Comparison shop at least every other year
That last idea is particularly critical, as was discussed in this write-up. Auto insurance rates can change considerably based on profitability, so don't be tentative to buy from a different company if a better rate can be found.
Brand loyalty is great, but it's not a great idea if that faithfulness ends up costing you thousands of dollars over several years. If you have a few minutes, now is a great time to compare prices to find cheaper car insurance in Tallahassee.