Florida drivers pay some of the highest car insurance rates in the country. In this article, our Guides Auto Team will examine the average cost of car insurance in Florida for various driver profiles. We’ve also researched the best car insurance companies so we can highlight the best and most affordable providers in the Sunshine State.
Florida is among the most expensive states for auto insurance. According to estimates from Quadrant Information Services, Florida drivers pay $112 per month or $1,343 per year on average for minimum-coverage auto insurance. This is more than twice the national average for minimum coverage, which is $53 per month or $635 per year.
When it comes to full-coverage car insurance, drivers in the Sunshine State pay an average of $246 per month or $2,947 per year. This is about 70% more expensive than the national average cost of $144 per month or $1,730 per year.
Florida Minimum Car Insurance Requirements
Florida is a no-fault state, which means that regardless of who causes a car accident, each driver’s insurance covers medical expenses for them and their passengers. Drivers in the state are required to carry a coverage level of at least $10,000 in both personal injury protection (PIP) and property damage liability insurance. Florida is one of the few states that does not require bodily injury liability coverage.
It’s important to note that property damage liability coverage only pays for damage to another person’s vehicle. For that reason, many Florida drivers choose to purchase full-coverage policies that include both collision coverage and comprehensive protection. Collision insurance pays for damage to your vehicle from an accident you cause, while comprehensive coverage protects your car against damage from natural disasters, theft and vandalism.
Cheapest Florida Car Insurance
Although car insurance in Florida is generally quite expensive, some providers offer lower rates on average than others. The following cost averages are for 35-year-old Florida motorists with clean driving records and good credit, unless noted otherwise.
Cheapest Minimum-Liability Coverage in Florida
Geico, State Farm and Travelers tend to offer the most affordable minimum-liability auto insurance policies in Florida. Geico is the only company that offers minimum coverage at a cost below the national average.
Cheapest Full-Coverage Car Insurance in Florida
Geico, State Farm and Travelers also feature the lowest full-coverage car insurance rates in Florida. However, even the cheapest full-coverage options in the state cost more than the national average.
Florida Car Insurance Cost: Drivers With Violations
Floridians with an accident, speeding violation or a driving under the influence (DUI) conviction on their driving record pay significantly higher insurance rates than those with clean driving histories.
Cheapest Car Insurance for Florida Drivers With One Speeding Ticket
The following average rates are for drivers with a speeding violation of 16-20 miles per hour over the limit. State Farm tends to offer the cheapest full-coverage insurance for drivers in this situation.
Cheapest Car Insurance for Florida Drivers With a Single-Vehicle Accident
State Farm also offers the cheapest full coverage for Florida drivers with one single-vehicle accident on their record. Geico and Travelers aren’t far behind, but rates climb steadily from there.
Cheapest Car Insurance for Florida Drivers With a DUI
State Farm offers comparatively cheap car insurance for Florida drivers with a DUI on their records. The company’s rates for these high-risk drivers are well below those of the other providers on this list.
Factors That Determine Car Insurance Costs
Along with your driving record, a range of criteria affect how much you pay for car insurance. These are some of the key metrics insurance companies use to set coverage rates:
- Age: Teen drivers and young adults pay higher rates than older drivers.
- Gender: The gender listed on your driver’s license affects insurance costs. Male drivers typically pay higher rates than female drivers.
- Location: The population density and number of insurance claims where you live affect car insurance premiums. For example, insurance premiums might be higher in cities like Miami or Tampa as compared with rates in more rural locations.
- Vehicle type: The type of vehicle you drive and its value have major impacts on auto insurance premiums.
- Marital status: Married drivers usually pay less for auto coverage than their single peers.
- Credit history: Auto insurance companies look at your credit score as a sign of your financial responsibility. Those with high credit scores pay lower rates on average, while those with poor credit pay higher average premiums.
Florida Average Cost of Car Insurance: Conclusion
Florida drivers pay higher car insurance premiums than the nationwide average. The state’s minimum-liability requirements are also quite low, which means drivers in the state may want to consider purchasing full-coverage policies that include both collision and comprehensive coverage to ensure they’re fully protected.
Top Auto Insurance Recommendations
Comparing car insurance quotes is the best way to find quality coverage and the most affordable rates to fit your Florida auto insurance needs. We recommend checking out State Farm and Geico to begin your search.
State Farm: Editor’s Choice
Our review team named State Farm our Editor’s Choice for its combination of coverage options, affordable rates and excellent industry reputation. In addition to standard auto coverage choices, the company offers extras such as rideshare insurance, uninsured motorist coverage and trip interruption benefits for when you have a covered breakdown far from home.
State Farm’s telematics insurance program, known as Drive Safe & Save™, monitors your driving behaviors through a mobile app. Safe habits like slow acceleration and gradual braking can save you up to 30% when you renew your policy.
Keep reading: State Farm insurance review
Geico: Affordable for Most Drivers
Geico earns our recommendation by offering affordable car insurance across the board and maintaining a reputation for strong customer service. The company features higher coverage limits than many of its competitors as well.
Geico is also known for its wide variety of available discounts, including those for bundling, safe drivers, military members, federal employees and more. The company’s usage-based program, DriveEasy™, can save you up to 10% at policy renewal.
Keep reading: Geico insurance review
Florida Average Cost of Car Insurance: FAQ
Below are frequently asked questions about the average cost of car insurance in Florida.
Because consumers rely on us to provide objective and accurate information, we created a comprehensive rating system to formulate our rankings of the best car insurance companies. We collected data on dozens of auto insurance providers to grade the companies on a wide range of ranking factors. The end result was an overall rating for each provider, with the insurers that scored the most points topping the list.
In this article, we selected companies with high overall ratings and cost ratings. The cost ratings were informed by auto insurance rate estimates generated by Quadrant Information Services and discount opportunities.
*Data accurate at time of publication.
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.