Pairing that lower vehicle cost with the 21.2-minute average commute time means residents also spend less time on the road, so insurance companies may reduce their premiums. The median household income is $52,729, so residents are likely to buy used cars or affordably priced vehicles.
Tallahassee is home to Florida State University, Tallahassee Community College, and Florida Agricultural and Mechanical University, meaning many residents hold a college degree and potentially receive discounted car insurance rates. With a population of 386,454, Tallahassee is a sizable city, but several factors contribute to its cheap car insurance rates. The South Florida State College is also in Sebring, meaning more residents are likely to have higher education degrees, which can also reduce their rates. Average commute distances are just 19.6 minutes, significantly lower than the 25.5-minute national average. Several other factors contribute to Sebring’s low insurance rates. As a result, residents are less likely to buy expensive or brand-new vehicles that cost more to insure. Sebring also has a relatively low median household income of $40,942. This smaller population typically means less people on the road and fewer residents involved in car accidents, which can correlate with lower car insurance premiums. Sebring, Florida is a smaller city with a population of just 103,437 as of 2019.
Additionally, Punta Gorda residents have a commute averaging just 22.6 minutes the shorter commute may be reflected in additional discounts. The students who graduate each year may get lower insurance rates because they’ve earned a higher education degree. Punta Gorda is also home to several universities, including the Charlotte Technical College. The lower household income means that many homes likely have affordably priced vehicles, and might even buy used vehicles, which are typically less expensive to insure than brand-new or more expensive vehicle models. The median age was 59.1, and the median household income was $51,499. In 2019, Punta Gorda’s population was 181,067, making it a smaller city. Additionally, 4.05% of residents worked at home in 2019, possibly making them eligible for a low mileage discount. They also have an average 23.1-minute commute to work, which is slightly less than the 25.5 minute national average, and might earn some homes a discount on car insurance. Panama City households have an average of two cars, which is in line with the national average. With more economical cars being less expensive to repair and replace, many households would see lower car insurance premiums. This larger city has a median household income of $54,316, meaning most households likely didn’t purchase very expensive cars. Panama City’s 2019 population was 182,161, while the median age was 39.8. With less time on the road, there’s a reduced chance of getting into a car accident, so insurance companies may lower rates for Gainesville residents. The average Gainesville commute is just 18.3 minutes, which is less than the normal 25.5 average commute for the United States worker. With this lower average income, the majority of residents likely own vehicles that hold less value, meaning they’re less expensive to repair or replace in an accident, so insurance premiums will be lower. While Gainesville is a large city, the median household income is just $37,264. This low median age means the city is home to fewer senior drivers, who tend to have higher car insurance premiums. Gainesville, Florida has a population of 132,127, and the median age is 26.3. Before you start looking for a home or a rental, you might want to consider focusing your search on these 10 cheapest cities for car insurance in Florida.
Car insurance costs vary throughout Florida and insurance is significantly cheaper in certain cities. If you’re considering relocating in Florida and haven’t decided just where you want to settle down, you might want to take a moment to consider car insurance rates.
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