Cheap Car Insurance in Daytona Beach, FL

Do you think you’re paying too much for your car insurance? Then you need to start looking for cheap car insurance in Daytona Beach, FL today! We know, we know…It’s a tedious chore that no one wants to do. But you don’t have to do it alone. We have the resources you need to search for quotes quickly and easily. You can not only get a lower rate on your current policy, but you can get it from a reputable provider, too.

Daytona Beach is the crowning jewel of what tourism proponents refer to as the “Fun Coast” region of Florida. The uniquely hard packed sandy beaches of Daytona make ideal race tracks for motorized vehicles. It has been referred to as the Mecca of Motorsports and it has been actively hosting a variety of different races for more than 50 years now. It is home to the eponymous Daytona International Speedway.

  • Fun fact: Despite being a popular host of many different Motorsports, Daytona is also home to many different museums. You can find the Museum of Arts and Sciences, the Southeast Museum of Photography, and the Halifax Historical Museum all within the city’s limits. Learn more about Daytona Beach here.

Auto Insurance Coverage Requirements in Florida

Driving legally in Daytona Beach requires:

Coverage Requirements Most Common
Bodily Injury Liability Not required 100,000/300,000
Property Damage Liability 10,000 50,000
Uninsured Motorist Bodily Injury Not required 10,000/20,000
Medical Payments Not required 5,000
Collision Not required 500 deductible
Comprehensive Not required 250 deductible

Do you know what sort of auto insurance coverage is appropriate for your vehicle? Well, it depends on a few different things. Age is important because older vehicles won’t necessarily be as expensive to repair or replace. You probably also won’t need comprehensive or collision coverage unless you’re driving around in a newer vehicle. Liability is typically reserved for older vehicles, whereas newer vehicles will require things like gap coverage, comprehensive, collision, and more.

Research shows that Florida is one of the top three most expensive states for auto insurance. The majority of drivers are paying at least $170 a month just to drive legally. Frankly, we think that’s outrageous – especially since we have saved Florida drivers over 63% off of that number. If you’re sick of paying too much for your monthly premiums, keep reading for more information on how to save.

Average Monthly Auto Insurance Premiums Legend: Daytona Beach The General Hanover Allied Allstate Farmers 15 30 45 60 75 90 105 120 135 150 165 180 195 210 225 240 $184 $106 $95 $246 $187

 
After we crunched the numbers, we discovered that Allied is running some pretty good prices right now on car insurance coverage. Hanover is a close second, with providers like Farmers and The General trailing a good distance behind. But there are many more providers in the Daytona Beach area than you see here. Insurance companies are constantly changing their prices in order to be more competitive – and that means drivers like you can benefit by saving money.

In order to benefit from all of this, though, you have to be willing to compare Florida Auto Insurance providers against each other. Most people don’t like doing this because of how tedious and time-consuming it can be. That’s why we started AutoInsuranceEZ.com. We help connect people like you with insurance providers in your area and help you compare quotes between them in a matter of minutes. It couldn’t be easier.

Major Car Insurance Factors in Daytona Beach

Another good way to help yourself save money it’s to understand the process your insurance company goes through when calculating your premium. There are almost too many factors for us to list on this page and discuss here. But we will cover the most important ones so that you have a better idea of what you can do to change your insurance rates for the better.

Your Zip Code

Did you ever wonder why your insurance company asks for your ZIP code? well, here’s the answer: your ZIP code provides a ton of information about How likely you are to get into an accident. There’s plenty of data out there which insurance companies use to estimate things like rates of accidents, property values, and how much time you may spend commuting to and from work. All of these variables may or may not contribute to your likelihood of getting into an accident. Recent data shows that there are 66,649 residents in Daytona, and they’re bringing home an estimated $31,273 in household income every year.

Auto Insurance by Zip Code Legend: Daytona Beach Miami Tampa The General Hanover Allied 15 30 45 60 75 90 105 120 135 150 165 180 $192 $161 $158 $137 $138 $142 $121 $120 $123

Automotive Accidents

We touched on accidents in the previous section. Accidents are important to your insurance company because these are usually the most expensive claims you can possibly file. Insurance companies prefer to give their lowest rates to people they believe are less likely to get into an accident. You can see the accident statistics for Daytona Beach in the chart below. From what we can tell, that’s not a small number of accidents given the general population – which may count against you when your insurance company calculate your premiums.

Fatal Accidents in Daytona Beach, FL Legend: Daytona Beach Fatal Accidents Vehicles Involved in Fatal Accidents Fatal Crashes Involving Drunk Persons Fatalities Persons Involved in Fatal Crashes Pedestrians Involved in Fatal Crashes 2 4 6 8 10 12 14 16 18 20 22 10 13 1 11 23 7

Auto Thefts in Daytona Beach

Other expensive claims may include acts of auto theft or vandalism. If you have a new, flashy, expensive car, your odds of auto theft may be greater than most. But moderately priced, popular cars are high-profile targets too – mainly because their replacement parts are in such high demand. There were 391 reported vehicle thefts in Daytona recently, which is again a little high given the population density. It also marks a slight uptick from previous years, which were showing a gradual decline in auto thefts.

Basic vs. Comprehensive Auto Policy Legend: Basic Coverage Comprehensive Coverage The General Hanover Allied 15 30 45 60 75 90 105 120 135 150 165 180 195 210 $184 $208 $106 $158 $95 $212

Your Credit Score

Do you have any idea how important your credit score is when it comes to your auto insurance premiums? Did you even know insurance companies took that into account when calculating your premium? Well, unfortunately, they do in Florida. They pay special attention to your credit history with other insurance companies in order to figure out how financially reliable you are. Some companies also associate a good credit score with safer driving habits, which goes back to companies that give lower rates to people who are less likely to get into an accident.

Auto Insurance by Credit Score Legend: Good Credit Poor Credit The General Hanover Allied 15 30 45 60 75 90 105 120 135 150 165 180 195 210 $184 $224 $106 $199 $95 $132

Your Age

Older drivers simply have more experience behind the wheel and are also less likely to get into an accident. Young drivers not only lack practice, but many are vulnerable too impulsive risk-taking behaviors behind the wheel such as checking their cell phones, texting, playing music too loudly, and speeding (just to name a few). Young drivers should do their best to get good grades, get as much driver’s education as possible, and even try bundling themselves with their parents auto insurance policy order to get lower rates. But they’re still going to be looking at substantially higher premiums until the age of 25 at the earliest.

Auto Policy Age Comparison Legend: 17 Year Old Driver 35 Year Old Driver The General Hanover Allied 20 40 60 80 100 120 140 160 180 200 220 240 260 280 $286 $184 $209 $106 $269 $95

Your Driving Record

Tickets and accidents happen. But insurance companies aren’t always so understanding about it. If your driving history contains tickets or accidents within the last 3 years (or sometimes as far back as 5 years), your insurance company may tack a financial penalty onto your monthly premium. Talk to your agent and ask about programs you can take advantage of, such as defensive driving courses, in order to get them to give you a lower rate.

Driving Violations Legend: Perfect Record Minor Violation Major Violation The General Hanover Allied 25 50 75 100 125 150 175 200 225 250 275 $184 $241 $279 $106 $124 $182 $95 $148 $238

Your Vehicle

In almost every situation, your auto insurance policy follows your vehicle – not necessarily you, even though the policy is in your name and you’re the one who’s paying for it. It’s because your insurance policy is designed to pay for repairs and replacement costs specific to your vehicle. Liability is a different story because liability pays for damages you cause if the accident is your fault; at the same time, though, it’s important to have as much liability as you can afford in order to protect yourself from serious accidents – which, in turn, can increase your monthly rate.

Car Insurance by Make/Model Legend: 2015 Honda Accord 2015 Chevy Corvette The General Hanover Allied 30 60 90 120 150 180 210 240 270 300 330 360 $184 $378 $106 $245 $95 $252

Minor Car Insurance Factors in Daytona Beach

Of course, tweaking some of the factors below can add up to some extra savings over time:

Your Marital Status

Insurance companies will usually give a slightly lower rate to a married driver. Consider it a wedding present (or a belated gift if you’ve been married for a while). Furthermore, you can get a convenient bundling discount if you and your spouse decide to purchase your car insurance from the same company. Your provider will reward you with a discount for helping them get more business.

Your Gender

Do insurance companies still take gender into account when calculating premiums? Unfortunately, yes, some do. But it’s not always crystal clear which gender is more dangerous behind the wheel. If you’re unsure about your own insurance provider’s business practices, it’s best to call up your agent and ask them how they handle it. If their practices don’t fall in your favor, it may be time to find an insurance company whose practices do.

Your Driving Distance to Work

When it comes to Daytona Beach, commute times have some significant variability. The most common time it takes to get to work falls between 10 and 20 minutes; but for many more drivers, I can be as long as 25 minutes. The fact that over 75% of residents drive their own car to work alone might be congesting the roads and making some people’s commute that much longer. A much smaller fraction of workers in the area carpool with each other.

How many miles do you think you drive each year? Do you think you could possibly cut that down? If so, you may want to talk to your insurance company about installing a tracking device in your vehicle. Some companies offer as much as 30% or more of your premiums if you don’t drive very often. After all, the less time you spend on the road, the less likely you are to get to an accident. And we’ve already discussed how much insurance companies like ensuring drivers who have a low accident risk.

Your Coverage and Deductibles

There is an inverse relationship between high and low car insurance deductibles. The higher your deductible, the lower your monthly premium. And the lower your deductible, the higher your monthly premium. Low deductibles help you get back on the road more quickly if the accident is serious enough that you require repairs or a replacement vehicle. But, obviously, higher deductibles will save you money over the long haul. Whether you go high or low on your deductible depends on which one of these scenarios is more valuable to you.

Education in Daytona Beach, FL

In Daytona, the number of residents who have a high school diploma or an equivalent is higher than the state average; conversely, the number of Daytona Beach citizens who have a bachelor’s degree from a four-year institution of Higher Learning is notably lower than the state average. High school diploma owners are somewhere around the 34% mark. But about 12% of the local population has a bachelor’s degree hanging on their wall.

Friendly Daytona residents who want to pursue higher education, the most obvious choice would be Daytona State College. It is a full-time Public University which in rolls over 11,000 students per semester. There’s also the not-for-profit private university Embry-Riddle Aeronautical which has a Campus located in Daytona Beach. You may also want to consider Bethune-Cookman University which is another smaller, private not-for-profit institution of Higher Learning within the Daytona Beach city limits.

Getting an education, improving your credit score, and keeping a clean driving record are all things you can start doing today in order to lower your car insurance premiums; unfortunately, it can take time before you see real results. But you can see results right now if you type your zip code into the search box on this page. Our database can find you cheap, affordable premiums from 3-5 respectable insurance companies in your zip code right now. The longer you put it off, the more money you’ll waste on an overpriced car insurance policy!

How We Conducted Our Car Insurance Analysis

*We calculated our average rate based on the following metrics: a married, 34-year-old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.

Sources:

Florida Office of Insurance Regulation

Florida Department of Financial Services

Department of Highway Safety and Motor Vehicles

City-Data.com

Census.gov