You have probably watched the captivating commercials from car insurance companies like Nationwide and Allstate claiming enormous savings, so drivers just need to pick one at random, right?
That is not the case, however, as there are a whole bunch of unknown elements like if you own your own home, the amount of coverage you want, the performance level of your vehicle, and the area you live in, that all impact the cost of your policy. This article will detail the different ways you can keep rates low and will hopefully give the reader a good beginning to your quest for cheaper car insurance.
The vehicle requiring coverage is one of the primary factors in finding the best coverage for handicapped drivers. Vehicles with average performance, a great safety record, or a low likelihood of having liability claims will cost much less to insure than adrenaline junky models.
The next list illustrates car insurance premiums for a handful of the most cost-effective automobiles to insure in Florida.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 2WD | $2,206 |
| Honda Accord LX-P 4-Dr Sedan | $2,280 |
| Honda CR-V EX-L 2WD | $2,341 |
| Chevrolet Impala LT | $2,392 |
| Hyundai Elantra SE Touring Station Wagon | $2,402 |
| Dodge Grand Caravan CV | $2,472 |
| Ford F-150 STX Regular Cab 4WD | $2,479 |
| Jeep Wrangler Rubicon 4WD 2-Dr | $2,472 |
| Toyota Prius | $2,524 |
| Nissan Rogue S AWD | $2,562 |
| Ford F-250 XL 2WD | $2,568 |
| Ford Edge Limited 2WD | $2,565 |
| Toyota Corolla XRS | $2,574 |
| Hyundai Sonata SE 4-Dr Sedan | $2,690 |
| Ford Focus SE 2-Dr Coupe | $2,699 |
| Toyota RAV4 Limited 4WD | $2,696 |
| Ford Fusion Sport AWD 4-Dr Sedan | $2,738 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $2,754 |
| Ford Explorer Limited 2WD | $2,762 |
| Honda Odyssey EX-L W/Rear Entertainment | $2,761 |
| Honda Civic LX-S 4-Dr Sedan | $2,768 |
| Toyota Camry SE | $2,761 |
| Dodge Ram Quad Cab ST 2WD | $2,767 |
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Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Rate information does not factor in zip code location which can lower or raise insurance rates significantly.
Based on these rates, we can expect cars like the Ford Escape, Honda Accord, Honda CR-V, and Chevrolet Impala will definitely be a few of the most budget-friendly vehicles to insure for drivers with handicaps.
One of the more important considerations that help determine insurance cost is where your residence is. Cities with larger populations or higher claim trends tend to have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates tend to receive slightly lower rates.
The following table sorts the most expensive cities in Florida for handicapped drivers in which to buy car insurance. Tampa shows up at #7 with the yearly price of $2,610 for the average insurance policy, which is approximately $218 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Hialeah | $3,523 |
| 2 | Miami | $3,273 |
| 3 | Miami Gardens | $3,181 |
| 4 | Miami Beach | $3,013 |
| 5 | West Palm Beach | $2,679 |
| 6 | Miramar | $2,629 |
| 7 | Tampa | $2,610 |
| 8 | Hollywood | $2,604 |
| 9 | Davie | $2,523 |
| 10 | Pompano Beach | $2,518 |
| 11 | Fort Lauderdale | $2,500 |
| 12 | Coral Springs | $2,499 |
| 13 | Pembroke Pines | $2,431 |
| 14 | Brandon | $2,298 |
| 15 | Clearwater | $2,260 |
| 16 | St. Petersburg | $2,196 |
| 17 | Orlando | $2,090 |
| 18 | Spring Hill | $2,039 |
| 19 | Jacksonville | $1,980 |
| 20 | Port St. Lucie | $1,935 |
| 21 | Cape Coral | $1,898 |
| 22 | Lakeland | $1,845 |
| 23 | Tallahassee | $1,784 |
| 24 | Palm Bay | $1,733 |
| 25 | Gainesville | $1,646 |
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Table data uses estimated as zip code location can increase or decrease rates greatly.
Discount Tampa car insurance rates
Insurance providers that offer coverage for handicapped drivers may also offer discounts that may potentially lower prices by as much as 35% or more if you are eligible to receive them. Larger insurance companies and a partial list of their discounts can be found below.
- Farmers Insurance has savings for mature driver, business and professional, bundle discounts, teen driver, alternative fuel, distant student, and pay in full.
- State Farm policyholders can earn discounts including accident-free, passive restraint, driver’s education, defensive driving training, good student, Drive Safe & Save, and student away at school.
- Liberty Mutual offers premium reductions for new graduate, safety features, preferred payment discount, multi-policy, newly retired, teen driver discount, and newly married.
- MetLife includes discounts for claim-free, multi-policy, accident-free, good driver, good student, and defensive driver.
- Progressive may have discounts that include good student, multi-policy, online quote discount, homeowner, multi-vehicle, and online signing.
The example below shows the comparison of car insurance costs with and without discounts. The prices are based on a male driver, no violations or accidents, Florida state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles.
The first bar for each age group shows premium with no discounts. The lower bar shows the rates with multiple policy, defensive driving course, multiple vehicle, accident-free, homeowner, and claim-free discounts applied. When discounts are factored in, theaverage amount saved on insurance for handicapped drivers is 28% or $486.
Drive responsibly or pay higher rates
The best way to find cheap insurance premiums for drivers with handicaps is to be a safe driver and avoid accidents and keep your driving record clean. The chart below shows how traffic citations and at-fault claims raise insurance prices for each different age category. The rates are based on a single female driver, comp and collision included, $100 deductibles, and no other discounts are factored in.
In the prior example, the average cost of an auto insurance policy in Tampa per year with no accidents or violations is $3,082. Receive one speeding ticket and the average cost swells to $3,491, an increase of $409 each year. Now add in two accidents along with the one speeding ticket and the annual cost of insurance for handicapped drivers increases to an average of $6,934. That’s an increase of $3,852, or $321 per month, just for not driving attentively!
Full coverage rates compared to liability only
Paying a lower price for insurance is the goal of most drivers, and an easy way to find cheaper insurance for handicapped drivers is to not insure for full coverage. The illustration below illustrates the difference between car insurance costs with and without physical damage coverage. The price estimates are based on a clean driving record, no at-fault accidents, $1,000 deductibles, single status, and no additional discounts are factored in.
Averaged for all ages 20 through 70, comp and collision coverage costs $1,747 per year more than insuring for liability only. At some point, about every driver wonders if it’s a good idea to buy full coverage. There is no definitive rule of when to stop paying for physical damage insurance, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is 10% or more of replacement cost minus your deductible, then you may need to consider dropping full coverage.
Tips for buying cheaper insurance for handicapped drivers
It’s not impossible to find cheaper rates, and here are some of the recommended thrifty solutions that can help you get lower-cost auto insurance.
- Pay cheaper rates with good credit scores
- Increase your deductibles
- Maintain a safe distance and avoid accidents
- Save money by obeying traffic laws and keeping a clean driving record
- Buy a safer vehicle
- Comparison shop frequently
The last tip in the list is extremely vital, as we noted in the prior information. Car insurance rates can change in a short period of time, so don’t be tentative to switch carriers if a lower price can be found.
Being loyal to a particular company is commendable, but we do not recommend it if that devotion results in you overpaying a small fortune year after year. Now is a great time to shop around and find cheaper car insurance for handicapped drivers in Tampa.