Cheapest Car Insurance Rates in Florida, 2021 (from $45/month)

The average Florida driver spends $152 per month on auto insurance.

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Cheapest Car Insurance Rates in Florida (2021)

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 analysis shows that GEICO offers the most affordable minimum- and full-coverage policies, at rates of $45 and $182 per month, respectively. However, multiple factors may affect your car insurance premiums.

We compiled rates for various driver backgrounds from the four largest companies in Florida:

Who has the cheapest car insurance in Florida?

Cheapest minimum-coverage car insurance

Florida drivers shopping for the best 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 annual rate Average monthly rate
GEICO $535 $45
State Farm $1,459 $122
Florida average $1,821 $152
Progressive $2,274 $190
Allstate $3,015 $251
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

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

Paying less than $100 per month for car insurance may sound appealing, but it may not be the best choice for your needs. A minimum coverage 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 car insurance

The companies with the cheapest full coverage car insurance policies are GEICO and State Farm. However, GEICO's full-coverage policy is three times more expensive than its minimum-coverage policy. This price difference occurs because a full-coverage policy includes additional protection a minimum-coverage policy doesn't include.

Cheapest car insurance companies for a full coverage policy
Company Average annual rate Average monthly rate
GEICO $2,182 $182
State Farm $3,163 $264
Florida average $4,651 $388
Progressive $5,472 $456
Allstate $7,786 $649
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Specifically, full-coverage policy protections include:

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

Having a full-coverage policy comes at a price, but it might be worth it if you own a new or expensive car. Financed and leased vehicles will likely be required to have full-coverage protection.

Car insurance for drivers based on age

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 received monthly premiums that were nearly three times more expensive than the average 30-year-old.

 
 
 

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

  1. 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.
  2. Look for discounts specifically geared towards teens. Most large insurers have saving opportunities for students who achieve good grades (usually above a 3.0 or B average) or complete safe driving courses.

Seniors can find cheap insurance by:

  1. Looking at discounts specifically geared towards older drivers. Insurers usually have a discount menu catered towards retired drivers or those aged 55 and older.
  2. 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.

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Best car insurance company after an accident

Getting into just one accident can impact your insurance rates because it indicates to 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 (monthly)
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.

Best 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 option for those charged with a DUI, doubled premium rates for their average customers.

Driving under the influence is considered a serious offense by insurers. If you're lucky enough to get off with just a DUI charge, you'll likely have some difficulty finding cheap insurance coverage.

Cheapest car insurance companies for drivers with a DUI on record (monthly)
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.

Best 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 speeding tickets, but the company still has relatively expensive insurance rates.

Cheapest car insurance companies for drivers with a speeding ticket (monthly)
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.

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 service agents and vague communication.

GEICO and State Farm were two of the cheapest insurance companies. They also rated highly for customer satisfaction according to J.D. Power's annual U.S. Auto Insurance Satisfaction Study and the National Association of Insurance Commissioners (NAIC).

Company J.D. Power 2021 U.S. Auto Insurance Satisfaction Study National Association of Insurance Commissioners (NAIC) Complaint Index
Allstate 846 0.63
GEICO 823 0.79
Progressive 822 0.00
State Farm 848 0.70
J.D. Powers assesses overall customer satisfaction on a 1,000-point scale. The NAIC Complaint Index is the rate at which customers file complaints to their state regulators. The median Complaint Index is 1.0.

Florida car insurance requirements

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

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

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. Additionally, if you are convicted of a serious traffic offense like operating a vehicle without insurance or driving under the influence, you may be required to file for SR-22 or FR-44.

Purchasing the bare minimum coverage is the cheapest option, but in exchange, you may be left with insufficient coverage in the event of an expensive accident.

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 up to 80% of your medical bills and 60% of 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 are 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, or drove without a valid license or insurance. 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 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

Driving conditions in Florida

After conducting an infrastructure study, Florida ranks 39 out of 50 states for the 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%. Additionally, 1.8% of the state’s bridges had a poor deck, compared to 6.1% of the national average.

Streets and roads not regularly maintained have the potential to cause serious accidents or car damage. Luckily for Florida drivers, the average annual cost of poor infrastructure to motorists is $351 — versus the national average of $556.

Methodology

QuoteWizard conducted a comprehensive study of Florida's car insurance rates utilizing Quadrant Information Services. Unless otherwise stated, the 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 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $100,000 property damage liability
  • $500 collision and comprehensive deductible

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