In Florida, car insurance is a must-have for drivers, with residents required to maintain a minimum of $10,000 in personal injury protection (PIP) and $10,000 in property damage liability.
Whether you rely on I-4 or I-95 for your daily commute, it’s important to ensure you’re properly covered while on the road. According to Bankrate data, the average Florida driver will spend about $3,183 for full coverage per year, much higher than the national average of $2,014 per year.
Floridians can greatly benefit from comparison shopping for their car insurance coverage. If you’re looking for car insurance in Florida, CNBC Select looked at dozens of insurance companies in the Sunshine State and found several that stood out in terms of price and customer service. (See our methodology for more information on how we chose the top Florida car insurance companies).
Best Florida car insurance
Best overall
Geico Auto Insurance
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Cost
The best way to estimate your costs is to request a quote
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App available
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Policy highlights
Geico coverage and services are available in all 50 states and the District of Columbia and there are 16 different types of discounts available. In addition to the standard coverage options, Geico offers various optional add-ons, such as emergency roadside assistance, rental car reimbursement and mechanical breakdown insurance.
Pros
- Lowest average rates
- Inclusive coverage options, including high-risk drivers
- Available nationwide
Cons
- High premiums for high-risk drivers
- Fewer branches for in-person services
Who’s this for? Florida drivers looking for both low prices and high customer satisfaction ratings will find a match with Geico’s car insurance coverage. It also ranks CNBC Select’s top pick for best overall car insurance.
Standout benefits: Geico earned a relatively high 812 out of 1,000 in J.D. Power’s overall customer satisfaction index in Florida, putting it above the industry average for the state.
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Runner-up
Travelers Auto Insurance
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Cost
The best way to estimate your costs is to request a quote
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App available
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Policy highlights
Travelers auto insurance policies are affordable and backed by the sixth largest company for car insurance by market share according to the NAIC. The company also offers a number of discounts to customers, including discounts for bundling, owning a hybrid or electric car, and good student discounts.
Pros
- Sixth largest auto insurer in the U.S. by market share
- Many discounts available
Cons
- Not all discounts available in every state
Who’s this for? Travelers offers affordable rates in Florida compared to other sample rates we analyzed. The company also has many discounts to help drivers save, including discounts for quoting before a policy expires, discounts for new cars less than three years old and discounts for students.
Standout benefits: Travelers had a relatively low complaint index from the National Association of Insurance Commissioners of the companies we analyzed. It ranked seventh in customer satisfaction in Florida according to J.D. Power.
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Best for customer satisfaction
State Farm Auto Insurance
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Cost
The best way to estimate your costs is to request a quote
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App available
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Policy highlights
State farm is one of the largest auto insurers based on market share and has an excellent reputation for customer satisfaction. It offers 13 discounts, including ones for safe driving and young drivers.
Pros
- High customer satisfaction
- Largest car insurance company in the U.S.
- Accident forgiveness for good drivers
Cons
- High NAIC complaint index score
- Doesn’t offer gap insurance
Who’s this for? For those who prioritize customer experience, State Farm tops the list of Florida insurers, earning 833 out of 1,000 possible points in J.D. Power’s customer satisfaction survey.
Standout benefits: State Farm stands out with low complaint index scores and high scores for customer satisfaction, along with a relatively affordable average price.
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Best for military members and veterans
USAA Auto Insurance
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Cost
The best way to estimate your costs is to request a quote
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App available
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Policy highlights
USAA’s auto insurance is available in all 50 states, Washington D.C. and some international locations. In addition to low rates and coverage options for unique circumstances, such as for active-duty members, customers have access to an intuitive mobile app.
Pros
- Lowest average premium for minimum coverage
- Highest customer satisfaction ranking
- Superior discounts for military members
Cons
- Only available to military members, veterans and their immediate family members
Who’s this for? Military members and their spouses and families should consider USAA. While it’s limited to military families, it’s a strong option for those who are eligible and offers consistently low car insurance rates in Florida.
Standout benefits: In addition to affordable prices, military members can benefit from excellent customer service, as USAA has consistently been rated highly for customer satisfaction in J.D. Power’s customer satisfaction index.
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More on our top Florida car insurance companies
Geico
J.D. Power overall customer satisfaction index rating
812 out of 1,000 points
NAIC company complaint index
1.96 (1 is industry average)
Average annual sample price for full coverage
$3,510
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Travelers
J.D. Power overall customer satisfaction index rating
879 out of 1,000 points
NAIC company complaint index
1.21 (1 is industry average)
Average annual sample price for full coverage
$3,855
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State Farm
J.D. Power overall customer satisfaction index rating
833 out of 1,000 points
NAIC company complaint index
1.41 (1 is industry average)
Average annual sample price for full coverage
$3,808
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USAA
J.D. Power overall customer satisfaction index rating
858 out of 1,000 points
NAIC company complaint index
1.73 (1 is industry average)
Average annual sample price for full coverage
$3,442
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FAQs
How much does it cost to insure a car in Florida?
The average Florida driver spends about $3,183 for full coverage car insurance per year and $1,128 per year for minimum coverage according to Bankrate data.
How can I lower my car insurance in Florida?
To get the lowest auto insurance price for you, get quotes from several companies with the same coverage limits and deductibles to compare. Bundling your renters insurance or homeowners insurance with your auto insurance could also help to lower your costs. Additionally, raising your credit score could help you get a better auto insurance rate.
What is the minimum car insurance coverage in Florida?
Florida’s minimum car insurance includes a minimum of $10,000 in personal injury protection coverage and a minimum of $10,000 in property damage liability insurance.
Bottom line
Floridians may pay more than the average American for car insurance coverage, but it’s possible to get the best deal for you by comparing quotes from these companies, which are highly rated for customer satisfaction and offer affordable prices.
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Why trust CNBC Select?
At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every Florida auto insurance review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of auto insurance products. To research the best auto insurance companies, we compiled data points on more than a dozen auto insurance companies doing business in Florida. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. See our methodology for more information on how we choose the best auto insurance companies in Florida.
Our methodology
To determine the best car insurance companies in Florida, CNBC Select analyzed dozens of U.S. insurance companies offering car insurance coverage in the state.
When narrowing down and ranking the best car insurance companies, we focused on a sample premium from the CHOICES Rate Comparison Tool from the Florida Office of Insurance Regulation for a single, 25-year-old female driving a Toyota Camry 12,000 miles per year with one minor violation and one not-at-fault accident in the previous three years. We gathered annual data for full coverage for the sample driver in Miami-Dade, Duval, Orange, Hillsborough and Pinellas counties and averaged them to find the average annual sample price for full coverage. We also gathered and considered complaint index data from the National Association of Insurance Commissioners and customer satisfaction ratings from J.D. Power’s 2023 US Auto Insurance Study.
Note that the premiums and policy structures advertised for auto insurance companies are subject to fluctuate in accordance with the company’s policies.
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Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
Clinton Mora is a reporter for Trending Insurance News. He has previously worked for the Forbes. As a contributor to Trending Insurance News, Clinton covers emerging a wide range of property and casualty insurance related stories.