The vehicle model requiring insurance is one of the largest factors in finding cheap car insurance for felons. Vehicles with lower performance, modern passenger safety features, or a low likelihood of liability claims will cost quite a bit less to insure than adrenaline junky models. The table below showcases coverage prices for a selection of the most cost-effective automobiles to insure in Florida.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$2,082|
|Ford Escape XLT 2WD||$2,091|
|Hyundai Elantra GLS Touring Station Wagon||$2,148|
|Toyota Tacoma 2WD||$2,207|
|Toyota RAV4 Limited 2WD||$2,250|
|Jeep Grand Cherokee Laredo 2WD||$2,258|
|Chevrolet Equinox LS 2WD||$2,250|
|Ford Explorer Eddie Bauer 4WD||$2,291|
|Toyota Camry XLE||$2,372|
|Ford F-150 Lariat Crew Cab Harley 2WD||$2,412|
|Chevrolet Impala LS||$2,480|
|Chevrolet Malibu Hybrid||$2,536|
|Honda Accord EX-L 2-Dr Coupe||$2,577|
|Hyundai Sonata Limited 4-Dr Sedan||$2,586|
|Chevrolet Silverado LT Crew Cab 2WD||$2,577|
|Dodge Grand Caravan SXT||$2,595|
|Honda Civic VP 4-Dr Sedan||$2,598|
|Ford Edge Sport AWD||$2,604|
|Kia Optima LX||$2,636|
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Table data does not factor in Tampa, FL location which can lower or raise rates substantially.
Looking at the rates, we can infer that models like the Honda CR-V, Ford Escape, and Toyota Prius should be the most economical vehicles to insure for felons.
One of the many criteria that aid in calculating the cost of insurance is where you keep your car in Tampa. Areas with more people or higher crime rates are more likely to have higher rates, whereas areas with less congestion tend to receive slightly lower rates.
The illustration below shows the most expensive places in Florida for felons to purchase auto insurance in. Tampa comes in at #8 with an annual cost of $2,610 for the average policy, which is about $218 per month.
|7||West Palm Beach||$2,625|
|20||Port St. Lucie||$1,935|
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Premium costs are estimated as the garaging address in Tampa can raise or lower premium rates considerably.
The example below shows how choosing a deductible can raise or lower insurance premiums when researching cheap insurance for felons. The information is based on a married female driver, full physical damage coverage, and no discounts are taken into consideration.
As shown above, a 50-year-old driver could cut expenses by $286 a year by increasing from a $100 deductible to a $500 deductible, or save $432 by using a $1,000 deductible. Younger drivers, such as the 20-year-old example, can save $708 annually by choosing a higher deductible. When increasing deductibles, it will now be necessary to have enough funds in savings to satisfy the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
How to get discounts on Tampa car insurance
Insurers that offer quotes for felons may also offer premium discounts that could potentially reduce rates by as much as 35% or more if you meet certain criteria. Popular auto insurance companies and their possible discounts can be read below.
- Mercury Insurance has discounts for professional/association, good student, annual mileage, location of vehicle, age of vehicle, anti-theft, and accident-free.
- Farmers Insurance includes discounts for homeowner, electronic funds transfer, good student, mature driver, business and professional, distant student, and youthful driver.
- Farm Bureau has savings for youthful driver, renewal discount, good student, driver training, multi-policy, multi-vehicle, and 55 and retired.
- State Farm offers discounts for Drive Safe & Save, driver’s education, student away at school, multiple policy, defensive driving training, and safe vehicle.
- Allstate may include discounts for early signing, senior citizen, eSmart discount, economy car, and passive restraint.
- GEICO may offer discounts for air bags, daytime running lights, emergency military deployment, good student, multi-policy, and military active duty.
The example below shows the difference between car insurance rates with and without discounts applied to the policy premium. The information is based on a female driver, no claims or violations, Florida state minimum liability limits, full coverage, and $100 deductibles.
The first bar for each age group shows the price with no discounts. The second bar shows the rates with anti-theft, marriage, vehicle safety, passive restraint, accident-free, and claim-free discounts applied. When these discounts are applied to the policy premium, theaverage yearly reduction on auto insurance for felons is 28% or $856.
The importance of comparing Tampa car insurance rates
Tampa, FL auto insurance rates are determined by lots of factors that control the policy price. Getting older, buying a home instead of renting, or getting a couple of tickets can produce rate changes that can make some companies cheaper than others.
Also, companies amend premium rates at least once a year to reflect underwriting profits or losses. A period of increased losses may result in rate hikes, while lower claim levels may produce lower-priced Tampa car insurance rates.
To illustrate this example, the bar chart below shows rates for the cheapest car insurance in Tampa, FL for a 30-year-old female driver with no prior accidents, a clean driving record, and solid credit. When comparing rates based on her current risk profile, USAA might quote the best car insurance rates in Tampa at $1,473 each year. This is $975 less than the average rate paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Travelers are the remainder of the cheapest Tampa, FL auto insurance companies.
In this next rate comparison, we will give the driver from the first example a chargeable accident, less-than-perfect credit, and a few blemishes on her driving record. Since each auto insurance company uses their own formula for establishing rates, comparing prices could now result in a new list of the cheapest companies as shown below.
USAA now has the best price on car insurance in Tampa with Mercury, Esurance, State Farm, and GEICO also having competitive pricing. This example shows why it is crucial to shop around when trying to find the most economical car insurance rates for felons.
Rates can be altered by many things and change substantially, so the most economical company the last time you compared rates may now be quite expensive.
How to find budget-friendly insurance for felons
The list below shows some of the better thrifty ideas that can help you locate lower-cost auto insurance.
- Higher comprehensive and collision coverage deductibles will save money
- Drop full coverage on older vehicles
- Having at-fault accidents will increase rates
- Ensure your driving record is clean
- Avoid filing small claims
- Compare prices frequently to find the best deal
The last tip is certainly important, as was emphasized in the article above. Coverage rates can be modified anytime, so drivers shouldn’t be reluctant to change insurance companies if a better deal can be had.
Having brand loyalty is commendable, but it’s not a great idea if that devotion results in you overpaying money that could be going to better use. It only take a few minutes to compare rates to find cheaper car insurance for felons in Tampa.
If you would rather get some guidance when trying to find lower insurance rates for felons, the insurance agencies below can answer your questions and help you decide which coverages you need. To find an agent by location nearest to you, click the button below the list or click here to compare prices now.
- A Complete Insurance Agency
5008 W Linebaugh Ave – Tampa, FL 33624 – (813) 865-9000
- Mike Foley – State Farm Insurance Agent
3704 W Swann Ave – Tampa, FL 33609 – (813) 289-7888
- Omega Insurance Agency, Inc.
5300 W Cypress St #271 – Tampa, FL 33607 – (813) 341-1530