Cheapest Auto Insurance Rates in Florida (2021)

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Cheapest Auto Insurance Rates in Florida (2021)

GEICO offers the most affordable minimum- and full-coverage policies in Florida, at $45 and $182 per month, respectively, according to our analysis.

Florida is one of the most expensive states when it comes to car insurance, but it is still possible to find cheap coverage in the Sunshine State.

Our comprehensive guide to auto insurance in Florida, includes:

Cheapest minimum-coverage auto insurance in Florida

Florida drivers shopping for inexpensive minimum-coverage policies can find the most affordable rates at GEICO, which has an average monthly premium of $45. The second-cheapest option is State Farm, which costs approximately $122 per month.

Cheapest car insurance companies for a minimum coverage policy
Company Average monthly rate
GEICO $45
State Farm $122
Florida average $152
Progressive $190
Allstate $251
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

A minimum liability policy is the cheapest coverage option because it's the lowest amount of protection you need to legally drive in your state.

Paying a few hundred dollars per month for coverage may sound appealing, it may not be the best choice for your needs because this policy is meant primarily to protect other drivers and their property. In the event you are involved in an accident and your vehicle is totaled or seriously damaged, you will likely have to pay out of pocket for repairs.

Cheapest full-coverage auto insurance in Florida

The auto insurance companies with the cheapest full-coverage car insurance policies are GEICO and State Farm.

Cheapest car insurance companies for a full coverage policy
Company Average monthly rate
GEICO $182
State Farm $264
Florida average $388
Progressive $456
Allstate $649
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

GEICO's full-coverage policy is more than three times more expensive than its minimum-coverage policy. This price difference is because a full-coverage policy includes additional protection a minimum-coverage policy doesn't include, including:

  • Collision coverage: reimburses you if your car is damaged after crashing into another car or fixed object, like a pole.
  • Comprehensive coverage: pays you for damages caused by events out of your control, including natural disasters and theft.

It's highly recommended that you consider a full-coverage policy if your car is new or expensive. Financed and leased vehicles will likely be required to have full-coverage protection as well.

Auto insurance for young drivers in Florida

Unfortunately for drivers in their teens and early twenties, finding inexpensive car insurance may be difficult. Young and new drivers are statistically more likely to be involved in accidents compared to older and more experienced drivers.

Insurers charge young drivers significantly higher rates compared to their older counterparts. In fact, our analysis showed that the average 18-year-old driver in Florida received monthly premiums that were nearly three times more expensive than the average 30-year-old.

 

 
 
 

 

How to get the cheapest auto insurance as a teen

Teens looking for coverage may undoubtedly run into some trouble finding cheap car insurance, but there are a few ways they can save:

  • Combine policies with your parents. Your parents having someone classified as a high-risk driver on their insurance plan will likely increase their rates, but this option is much cheaper than having your own policy. In fact, signing onto your parents' policy can save you an average of $99 per month, or $1,188 each year, compared to purchasing your own coverage.
  • Look for discounts specifically geared towards teens. Most large insurers have savings opportunities for students who achieve good grades (usually above a 3.0 or B average) or complete safe driving courses.

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Auto insurance for senior drivers in Florida

As you get older, you accumulate more driving experience and become more comfortable behind the wheel.

After you age past your mid-twenties, your insurance premiums decrease until you hit your 70s, in which case your senses may start to dull and auto insurance companies begin to see you as a higher risk. However, that doesn't mean that insurers don't respect your prowess behind the wheel.

 

 
 
 

 

How to get the cheapest auto insurance as a senior

Seniors can find cheap car insurance by:

  • Looking at discounts specifically geared towards older drivers. Some insurers have a discount menu specifically catered towards retired drivers or those age 55 and older.
  • Consider changing the primary driver on your policy. Do you have children who regularly drive you around? If so, consider listing them as the main driver on your auto plan. Chances are, if your kids are in their 30s to 50s and have a clean driving record, they'll have lower insurance rates.

Cheapest car insurance company after an accident

Getting into just one accident can impact your insurance rates because it indicates to auto insurance companies that you are a higher risk to insure. Although State Farm increased rates the least out of the four largest insurers in Florida, GEICO remained the cheapest option for drivers with an accident history.

Cheapest car insurance companies for drivers with an accident history
Company Rate before Rate after Difference
GEICO $182 $260 $78
State Farm $264 $311 $47
Progressive $456 $711 $255
Allstate $649 $1,038 $389
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Cheapest car insurance company after a DUI

Our sample drivers with a DUI on their records received the best rates from State Farm. GEICO, while being the second-best low cost option for those charged with a DUI, nearly doubled premium rates.

Cheapest car insurance companies for drivers with a DUI
Company Rate before Rate after Difference
State Farm $264 $287 $23
GEICO $182 $342 $160
Progressive $456 $555 $99
Allstate $649 $828 $179
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Cheapest car insurance company for speeding

Having a record of speeding will likely cause insurance companies to mark you as a riskier driver. This can result in your car insurance rates potentially increasing. Our research found that State Farm is the cheapest option for drivers who have been caught speeding.

Notably, Allstate did not increase the rates of its drivers after they were cited for a speeding ticket, but the company still has relatively expensive insurance rates.

Cheapest car insurance companies for drivers with a speeding ticket
Company Rate before Rate after Difference
State Farm $264 $287 $23
GEICO $182 $324 $142
Allstate $649 $649 $0
Progressive $456 $669 $213
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Average auto insurance rates by city

The average cost of auto insurance in Florida is $152 per month. One factor that influences the cost of your coverage is the city you reside in. For instance, drivers in densely populated areas, cities with high accident rates or neighborhoods where theft is commonly reported are considered riskier to insure. As a result, drivers in those cities tend to receive more expensive car insurance quotes.

City Average monthly rate
Cape Coral $107
Coral Springs $154
Fort Lauderdale $142
Gainesville $90
Hialeah $194
Hollywood $148
Jacksonville $113
Miami $173
Miramar $145
Orlando $128
Pembroke Pines $140
Port St. Lucie $119
St. Petersburg $133
Tallahassee $90
Tampa $163
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

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How to save money on auto insurance

Florida is one of the most expensive states in the country for car insurance. Besides shopping with the insurers we mentioned, there are a few ways you can make your quotes more affordable:

  1. Check local companies. The insurers we listed above are some of the biggest names in auto insurance, but that doesn't mean they provide the absolute cheapest and best coverage for your needs. You may find better coverage at a small or local company, like Star Casualty, Acceptance or Responsive.
  2. Take advantage of discounts. This is one of the best ways to save on car insurance. All large insurers have a wide range of discounts, some of which you may already qualify for. You can receive savings for being a member of an affiliate organization, being under or over a certain age or driving below a certain mileage.
  3. Regularly evaluate your insurance needs. If you find that you are no longer using your car as much as you used to, you can opt to decrease your coverage limits or remove coverages you don't need.
  4. Maintain a good driving history. Insurance premiums are calculated based on an assessment of risk. The riskier of a driver you are, the higher your quote will likely be. Having even one accident on your record can significantly increase your premium, which is why it's so important to maintain good driving habits.
  5. Bundle your auto coverage with other insurance plans. Many large insurers offer auto, renters, life and home insurance. If you have more than one policy with the same company, you may qualify for a bundling discount.

What are the best car insurance companies in Florida?

Shopping around and comparing rates can ensure you obtain affordable rates, but the value of your policy isn't just about price — it's also about the quality of service. Insurance companies with the worst service typically have long claim processing times, unsympathetic customer service agents and vague communication.

Company J.D. Power 2021 U.S. Auto Insurance Study (higher is better) NAIC 2020 Complaint Index (lower is better)
Allstate 846 0.63
GEICO 823 0.79
Progressive 822 0.00
State Farm 846 0.70
J.D. Power assesses overall customer satisfaction on a 1,000-point scale, with an average score of 833 in Florida. The NAIC Complaint Index is the rate at which customers file complaints to their state regulator. The median Complaint Index is 1.0.

Florida car insurance requirements

To legally drive in Florida, the following coverages are required:

Coverage requirement Limits
Property damage liability (PDL) $10,000
Personal injury protection (PIP) $10,000

The penalty for failing to meet these requirements? The state may suspend your driver’s license and registration for up to three years. To reinstate both, you will need to pay a fee of up to $500.

No-fault insurance

Florida is one of 12 no-fault states in the country. Drivers who live in one of these states file accident claims with their own insurance company, regardless of who is at fault. However, if the accident results in death, injuries or disfigurement, you retain your right to sue the other driver for compensation.

Florida's no-fault law requires drivers to carry PIP and PDL. PIP payouts cover part of your medical bills and lost wages resulting from an accident. Meanwhile, PDL reimburses the other driver if you are deemed liable for an accident and cause damage to their vehicle.

SR-22 insurance

Drivers can be required to file for an SR-22 in Florida if they have been involved in a car accident without insurance, obtained too many points on their record, drove without a valid license or insurance or engaged in other high-risk behavior. The purpose of filing an SR-22 is to assure the state that high-risk drivers have obtained the minimum required insurance coverage.

Florida is one of the few states that doesn't require drivers to carry bodily injury liability (BIL) coverage unless they carry an SR-22. You'll need to prove that you not only meet the minimum insurance requirements but that you also have:

Coverage requirement Limits
Bodily injury liability (BIL) $10,000 per person/$20,000 per accident

FR-44 insurance

If you are charged with a DUI, you will be asked to file an FR-44 form to have your license reinstated. Given the seriousness of a DUI conviction, drivers with an FR-44 on record are also required to have insurance coverage limits that are much higher than the state minimum:

Coverage requirement Limits
Bodily injury liability (BIL) $100,000 per person/$300,000 per accident
Property damage liability (PDL) $50,000 per accident

FAQ: driving in Florida

Why is Florida car insurance so expensive?

There are a few reasons Florida has some of the most expensive auto insurance rates in the country. Florida is one of the densest states with a booming tourist industry, making the roads packed.

There's also a large population of high-risk drivers. According to the Insurance Information Institute, Florida has the highest number of uninsured drivers, at 20.4%, compared to the national average of 13%.

There are also the issues of infrastructure and weather. According to our analysis, Florida ranks 39 out of 50 states for worst road infrastructure, making it one of the safest states to drive in the country. Only 13% of the state’s roads were considered unacceptable by the Federal Highway Administration (FHA), compared to the national average of 20%. And even though Florida is known for its bright and sunny weather, the frequency of hurricanes can cause significant property damage.

How much is car insurance in Florida?

The average cost of car insurance in Florida is $152 for minimum coverage and $388 for full coverage. We must note that your insurance premium may vary according to your unique driver profile. This includes your city of residence, driving history, age and credit score, among other factors.

What is considered full-coverage auto insurance in Florida?

In Florida, a full-coverage policy encompasses the minimum auto insurance requirements, plus comprehensive and collision coverages. You are not required to have full coverage in Florida but it does provide protection for different types of damages and losses.

Methodology

QuoteWizard conducted a comprehensive study of Florida's car insurance rates through Quadrant Information Services. Unless otherwise stated, the car insurance quotes analyzed were for a single, 30-year-old male with a clean driving record. He operates a 2012 Honda Accord LX with an average annual mileage of 13,500 miles.

When discussing a full-coverage car insurance policy, the driver had the following limits:

  • $100,000 per person/$300,000 per accident bodily injury liability
  • $100,000 per accident property damage liability
  • $500 deductible

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