Average car insurance cost in Orlando, FL

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Based on an analysis by Insure.com, the typical car insurance expense in Orlando, Florida is $2,835 annually. Furthermore, car insurance premiums in Orlando are $141 more than compared to the state average in Florida and $940 more than the national average.

Car insurance premiums differ widely depending on the location, city demographics, population density, average resident age, accident rates, and theft and vandalism.

This article looks at the most affordable car insurance companies in Orlando, the average car insurance rates by age and gender, and the costs in Orlando based on coverage limits.

Whether you’re a new or experienced driver, this article will guide you in finding the most affordable car insurance in Orlando. Keep reading to learn more.

Cheap car insurance companies in Orlando

At an average of $2,086 per year with full coverage limits of 100/300/100, Nationwide provides the most affordable car insurance in Orlando.

Ranked as the second most affordable company in Orlando, State Farm provides car insurance at $2,122 per year.

As previously noted, car insurance rates differ among companies due to variations in the factors used for calculating the rates. So, it is best to compare quotes from several insurers to secure affordable car insurance rates in Orlando that align with your needs before selecting a policy.

The table below lists the average annual and monthly costs for the various car insurance companies providing coverage in Orlando, Florida:

Read about the best car insurance companies.

Average car insurance cost in Orlando by coverage limits

In Orlando, the average car insurance rates based on coverage types are as follows:

• State minimum coverage: $1,096 per year (limits are 25/50/25)
• Liability only coverage: $1,817 per year (limits are 50/100/50)
• Full coverage: $2,835 per year (limits are 100/300/100)
• Non-owners coverage: $539 per year

In most states, drivers must have the state minimum coverage to drive legally, but these vary by state. However, state minimum coverage does not cover any vehicles listed on your policy in an at-fault accident.

To avoid compromising on the coverage and pay out-of-pocket expenses, it is better to have full coverage or non-owner coverage if you don’t own a car but borrow or rent one frequently.

Average car insurance rates by gender in Orlando

In Orlando, Florida, the average annual car insurance premium for female drivers is $2,815 per year.

While the average annual cost for male drivers is $2,853 per year, which is $38 more than what female drivers pay, according to a rate analysis by Insure.com.

According to the Insurance Information Institute, statistics demonstrate that women are generally regarded as safer drivers than men. They often pay less for auto insurance because of their lower rate of severe accidents than men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Orlando

In Orlando, car insurance rates are the highest for teens, at $7,166 per year or $597 per month. The rates are higher for teenagers (16- to 19-year-olds) as they are more prone to road accidents due to their lack of experience on the road, according to the Insurance Information Institute. There are driving laws for teens to help them drive better. Also, teen insurance rates can be lowered by adding teens to a parent’s auto insurance policy.

Car insurance rates are bound to decrease as teens grow older and earn a good driving record. Young adults pay $4,238 per year for their car insurance which is $2,928 less than what the teens pay for their insurance policy.

The car insurance rates in Orlando for adult and senior drivers are $2,908 and $2,816 per year respectively.

The car insurance rates for adults and seniors are lower than those for teens and young adults. “This is because they are more likely to obey the speed limits and follow the rules of the road,” says the Insurance Information Institute.

Read more on auto insurance for seniors.

The table below depicts the average annual rates for drivers of different age groups:

Car insurance rate trends in Orlando

Examining the trends in car insurance rates in Orlando, Florida, there was an upward trend from 2022 to 2023. Between 2022 and 2023, rates increase overall by 6% or $162.

The table below illustrates the trend over the three years:

Conclusion

In conclusion, the insurance rates in Orlando, are higher than the average insurance cost in Florida. Shopping around and taking advantage of available discounts, drivers in Orlando can find affordable car insurance options. Additionally, many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.