Looking for the cheapest car insurance company in Florida? Learn about the cheapest car insurance companies in Florida and their rates in this article.
For you to confidently navigate the Florida highway, you will require car insurance. Finding low-cost auto insurance is not always simple. According to our analysis, the average cost of full coverage in Florida is the second highest in the country.
Continue reading to learn about the cheapest car insurance in Florida based on age and driving history, as well as the state-mandated minimum requirements.
Key Takeaways
- Learn about the cheapest car insurance companies and their rates in Florida.
- The cost of car insurance per month in Florida.
- The reason why Florida insurance rates are so high.
8 Cheapest Car Insurance In Florida
Below is a list of the cheapest auto insurance companies and their rates in Florida. These car insurance rates are based on study data and are not a representation of the actual rates you will necessarily pay. Your cost/rate will differ because car insurance premiums are determined by individual factors.
Florida Car Insurance Rates for Young Adults
| COMPANY | 25-YEAR FEMALES | 25-YEAR-OLD MALES |
| Allstate | $3,170 | $3,216 |
| Farmers | $2,895 | $2,948 |
| Geico | $1,553 | $1,552 |
| Nationwide | $2,369 | $2,499 |
| Progressive | $2,979 | $2,896 |
| State Farm | $1,555 | $1,642 |
| Statewide Average | $2,375 | $2,410 |
| Travelers | $2,101 | $2,115 |
Young adult drivers in Florida pay significantly more for auto insurance than the national average. In fact, 25-year-olds in Florida can expect to pay more than 50% more for insurance. Allstate has the highest annual rates for young adults among the Companies in our study, at $3,170 for females and $3,216 for males.
Florida car Insurance Rates For Drivers with Poor Credit
Drivers with bad credit will pay nearly 64% more than the national average of $2,227.
| COMPANY | AVERAGE ANNUAL RATE |
| Allstate | $5,737 |
| Farmers | $3,713 |
| Geico | $2,431 |
| Nationwide | $3,218 |
| Progressive | $3,692 |
| State Farm | $2,747 |
| Statewide Average | $3,643 |
| Travelers | $3,964 |
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Florida Car Insurance Rates After a DUI
| COMPANY | AVERAGE ANNUAL RATE |
| Allstate | $3,840 |
| Farmers | $3,051 |
| Geico | $2,330 |
| Nationwide | $4,453 |
| Progressive | $2,877 |
| State Farm | $1,556 |
| Statewide Average | $3,006 |
| Travelers | $2,937 |
Drinking and driving can result in injury or death, as well as significant increases in auto insurance rates. The average difference is $881 when compared to Florida drivers with clean records, but it can be as much as $2,328 more per year.
Florida Car Insurance Company Rates For Seniors
| COMPANY | 60-YEAR-OLD FEMALES | 60-YEAR-OLD MALES |
| Allstate | $2,786 | $2,853 |
| Farmers | $2,318 | $2,398 |
| Geico | $1,287 | $1,213 |
| Nationwide | $1,804 | $1,891 |
| Progressive | $1,992 | $1,977 |
| State Farm | $1,300 | $1,300 |
| Statewide Average | $1,879 | $1,906 |
| Travelers | $1,669 | $1,709 |
On average, male and female seniors pay $500 less per year for auto insurance coverage than 25-year-old men and women.
Florida Car Insurance Rates For Good Drivers
| COMPANY | AVERAGE ANNUAL RATE |
| Allstate | $3,043 |
| Farmers | $2,568 |
| Geico | $1,383 |
| Nationwide | $2,121 |
| Progressive | $2,375 |
| State Farm | $1,438 |
| Statewide Average | $2,125 |
| Travelers | $1,945 |
Florida Car Insurance Rates For Teen Drivers
| COMPANY | 17-YEAR FEMALES | 17-YEAR MALES |
| Allstate | $12,915 | $14,214 |
| Farmers | $7,784 | $8,586 |
| Geico | $3,129 | $3,382 |
| Nationwide | $7,187 | $9,083 |
| Progressive | $7,766 | $8,272 |
| State Farm | $3,549 | $4,489 |
| Statewide Average | $6,877 | $7,880 |
| Travelers | $5,807 | $7,133 |
Teen insurance is expensive. A 17-year-old female driver in Florida pays 52% more than the national average, While a 17-year-old male driver pays 53% more.
Florida Car Insurance Rates After a Speeding Ticket
| COMPANY | AVERAGE ANNUAL RATE |
| Allstate | $3,043 |
| Farmers | $3,125 |
| Geico | $2,139 |
| Nationwide | $2,465 |
| Progressive | $3,427 |
| State Farm | $1,556 |
| Statewide Average | $2,608 |
| Travelers | $2,501 |
Florida car Insurance Rates After an Accident
A collision can cause more harm than just damage to your vehicle. When compared to the average Florida rate for clean drivers, it can raise your insurance premium by an average of $815
| COMPANY | AVERAGE ANNUAL RATE |
| Allstate | $4,023 |
| Farmers | $3,569 |
| Geico | $1,810 |
| Nationwide | $2,967 |
| Progressive | $3,924 |
| State Farm | $1,673 |
| Statewide Average | $2,939 |
| Travelers | $2,608 |
The Cost of Auto Insurance Per Month In Florida
In Florida, the average cost of car insurance is $2,162 per year or $180 per month for a full coverage policy. The average monthly car insurance premium for state minimum coverage is $69, or $828 per Year. Miami ZIP code 33125 is one of the most expensive in the state for full coverage insurance.
Reasons why Insurance Rates In Florida are so High
The state’s no-fault auto insurance laws, risk exposure due to extreme weather conditions, average driver profile, and the number of uninsured drivers all contribute to Florida’s high auto insurance rates.
How to Find Cheap Car Insurance In Florida
There are several ways to save money on car insurance. If your car insurance income is low, you should consider the following steps for securing and maintaining cheap car insurance rates:
- Get multiple quotes: Obtaining quotes from multiple providers is one of the most effective ways to find cheap car insurance in Florida. Each company has its own rating algorithm that assigns different weights to individual rating factors. Furthermore, each driver brings a unique set of circumstances to their car insurance search. Comparing premiums, coverages, discounts, and features may assist you in locating the best policy and price for you.
- Maintain a clean driving record: Drivers with a history of collisions, traffic tickets, or DUI convictions typically pay extra for auto insurance, while those with spotless records are exempt from these types of premiums. Maintaining safe driving practices could lower your auto insurance costs.
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Conclusion
Florida is a fault-free state. This means that if you get injured in a car accident, you must cover your own bodily injury payments — regardless of fault.
FAQS
Is Geico cheaper in Florida
Geico offers the most affordable minimum-coverage car insurance in Florida. Geico’s car insurance is $34 per month, which is 66% less than the average cost of coverage in Florida.
Which insurance company has the highest customer satisfaction in Florida
Allstate car insurance has the top spot for the highest overall customer satisfaction in Florida.
what car insurance coverage do I need in Florida
If you own a car in Florida, you must have at least $10,000.00 in Personal Injury Protection Coverage and $10,000.00 in Property Damage Liability Coverage.
Is auto insurance required in Florida?
Car insurance is legally required: Before registering and legally operating a vehicle in florida, drivers must have no-fault insurance. Insurance can only be obtained from a licensed provider: Florida drivers must obtain car insurance from a Florida-licensed insurance company.
Is car insurance higher on newer cars?
A new car may cost more to insure than an older one due to its value, repair costs, risk of theft, and other factors. If you finance your new vehicle; your lender will almost certainly require you to carry more insurance than the legal minimum, which usually results in higher premiums.
Watch the video below for more clarity:
About Author
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