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Average cost of car insurance in Florida for 2024

Updated Jul 01, 2024
Florida car insurance rates tend to be on the higher side — the average cost is $3,430 for full coverage and $1,048 for minimum coverage, according to Bankrate’s research. 

How much is car insurance in Florida? 

Car insurance rates in Florida are typically not cheap. To calculate what Floridians can expect to pay, Bankrate analyzed premium data from Quadrant Information Services. Our findings show that Florida drivers pay an average of $3,430 for full coverage and $1,048 for minimum coverage. Both amounts are significantly higher than the national average cost of car insurance.

Key takeaways

  • In Florida, full coverage car insurance costs an average of $286 per month, while minimum coverage is $87 per month.
  • Full coverage car insurance in Florida costs 51 percent more than the average cost of car insurance nationwide.
  • Minimum coverage car insurance in Florida costs around 69 percent more than the national average.
  • Men often pay more for insurance coverage than women, but that gap starts to close around age 30 for Florida drivers.

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Florida car insurance rates by city

Your ZIP code influences the premium you will pay for car insurance because accident frequency and crime rates vary by city. Even though car insurance is generally expensive in Florida, the following table demonstrates how rates in some of the most populous cities differ. For example, you may save more by living in Orlando or St. Petersburg than by living in Tampa or Miami.

City Avg. monthly full coverage premium Avg. annual full coverage premium Avg. savings vs. state average
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Keep in mind: Florida’s sunny beaches make ideal vacation destinations, but living along the coast could put your home and vehicle in the direct path of a hurricane. Folks living in hurricane zones may want to consider adding comprehensive coverage to their car insurance policies to help pay for vehicle repairs or replacements in the wake of a storm. 

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Average car insurance costs by age and gender in Florida 

The average cost of car insurance in Florida can also vary by age and gender. Teen drivers usually pay significantly more than other age groups due to their lack of driving experience and higher likelihood of accidents, with rates stabilizing around 25 years old. From 30 on, car insurance rates in Florida generally decrease with age for drivers with a clean driving record. 

Age 16*
Average annual full coverage premium in FL
$7,530
Average minimum coverage premium in FL
$2,450
Age 18
Average annual full coverage premium in FL
$10,236
Average minimum coverage premium in FL
$3,231
Age 20
Average annual full coverage premium in FL
$7,348
Average minimum coverage premium in FL
$2,252
Age 25
Average annual full coverage premium in FL
$4,381
Average minimum coverage premium in FL
$1,298
Age 30
Average annual full coverage premium in FL
$3,697
Average minimum coverage premium in FL
$1,118
Age 40
Average annual full coverage premium in FL
$3,449
Average minimum coverage premium in FL
$1,050
Age 50
Average annual full coverage premium in FL
$3,305
Average minimum coverage premium in FL
$1,012
Age 60
Average annual full coverage premium in FL
$3,232
Average minimum coverage premium in FL
$1,000
Age 70
Average annual full coverage premium in FL
$3,453
Average minimum coverage premium in FL
$1,096
Age 40
Average annual full coverage premium in FL
$3,449
Average minimum coverage premium in FL
$1,050
Age 50
Average annual full coverage premium in FL
$3,305
Average minimum coverage premium in FL
$1,012
Age 60
Average annual full coverage premium in FL
$3,232
Average minimum coverage premium in FL
$1,000
Age 70
Average annual full coverage premium in FL
$3,453
Average minimum coverage premium in FL
$1,096
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied
Age 16*
Average annual full coverage premium in FL
$6,834
Average minimum coverage premium in FL
$2,357
Age 18
Average annual full coverage premium in FL
$8,723
Average minimum coverage premium in FL
$3,012
Age 20
Average annual full coverage premium in FL
$6,430
Average minimum coverage premium in FL
$2,143
Age 25
Average annual full coverage premium in FL
$4,218
Average minimum coverage premium in FL
$1,384
Age 30
Average annual full coverage premium in FL
$3,673
Average minimum coverage premium in FL
$1,206
Age 40
Average annual full coverage premium in FL
$3,411
Average minimum coverage premium in FL
$1,046
Age 50
Average annual full coverage premium in FL
$3,398
Average minimum coverage premium in FL
$1,072
Age 60
Average annual full coverage premium in FL
$3,179
Average minimum coverage premium in FL
$1,012
Age 70
Average annual full coverage premium in FL
$3,474
Average minimum coverage premium in FL
$1,119
Age 40
Average annual full coverage premium in FL
$3,411
Average minimum coverage premium in FL
$1,046
Age 50
Average annual full coverage premium in FL
$3,398
Average minimum coverage premium in FL
$1,072
Age 60
Average annual full coverage premium in FL
$3,179
Average minimum coverage premium in FL
$1,012
Age 70
Average annual full coverage premium in FL
$3,474
Average minimum coverage premium in FL
$1,119
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied
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Bankrate’s take: Car insurance rates are a calculation of risk. The more of a risk you pose to your insurance provider, the more they will likely charge you for your premium. Statistically, men have more serious car accidents and receive more moving violations like DUIs than females, which is why they often pay more for car insurance, regardless of age. 

Cost considerations for young drivers in Florida

As a young driver, whether or not you’re insured on your own policy plays a significant role in the cost of your coverage. On average, young drivers in Florida pay 28 percent less by remaining on their parent’s policy while living with them.

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Age 16*
Avg. annual premium for drivers in FL
$7,182
Age 17
Avg. annual premium for drivers in FL
$6,735
Age 18
Avg. annual premium for drivers in FL
$6,407
Age 19
Avg. annual premium for drivers in FL
$5,486
Age 20
Avg. annual premium for drivers in FL
$5,204
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied
Age 18
Avg. annual premium for drivers in FL
$9,480
Age 19
Avg. annual premium for drivers in FL
$7,426
Age 20
Avg. annual premium for drivers in FL
$6,889
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied
Age Avg. annual premium difference for drivers on their own policy
Age 18 48 percent more
Age 19 35 percent more
Age 20 32 percent more

*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied

How does driving record impact the cost of car insurance in Florida?

Car insurance rates in Florida will also differ depending on each driver’s driving record. For example, someone with a speeding ticket pays around 17 percent more than the state average. Having a DUI costs about 54 percent more, while an accident could increase rates by 37 percent more compared to the average car insurance cost in Florida. 

Drivers with DUI convictions may have a harder time finding insurance, as not every insurance provider writes policies for drivers with DUIs. If you’re having trouble securing coverage, consider getting a quote from a Florida provider that specializes in high-risk auto insurance.  

Clean driving record
Avg. annual premium* in FL
$3,430
Percentage increase from FL avg. annual premium*
0%
Avg. annual premium* in FL
$3,996
Percentage increase from FL avg. annual premium*
17%
Avg. annual premium* in FL
$4,683
Percentage increase from FL avg. annual premium*
37%
Avg. annual premium* in FL
$5,294
Percentage increase from FL avg. annual premium*
54%
*The rates reflected are for full coverage policies.

Car insurance rates in Florida by credit score

Your credit-based insurance score is another criterion for car insurance rates in Florida. Drivers with good credit generally pay the average, but drivers with excellent credit pay 16 percent less than average. Those with average credit pay around 15 percent more than the state average. However, if you have poor credit, you may pay 107 percent more than the average car insurance cost in Florida.

Avg. annual premium* in FL
$7,101
Percentage difference from FL avg. annual premium*
107%
Average
Avg. annual premium* in FL
$3,950
Percentage difference from FL avg. annual premium*
15%
Avg. annual premium* in FL
$3,430
Percentage difference from FL avg. annual premium*
0%
Excellent
Avg. annual premium* in FL
$2,879
Percentage difference from FL avg. annual premium*
-16%
*Rates reflect full coverage policies.

Florida car insurance rates by vehicle type

With different safety features, crash test ratings, repair costs and other factors, the type of vehicle you drive will affect your Florida car insurance rates. Comparing the make and model when shopping for cars can help you stay within your budget. For instance, drivers pay less than the state average when buying a Honda Odyssey, Ford F-150 or Toyota Prius. But if you’re looking at a BMW 330i, for example, you can expect to pay more.

Avg. annual premium* in FL
$3,430
Avg. annual premium* in FL
$3,296
Avg. annual premium* in FL
$3,233
BMW 330i
Avg. annual premium* in FL
$3,920
Toyota Prius
Avg. annual premium* in FL
$3,608
*Rates reflect full coverage policies.

Estimate your car insurance cost in Florida

With so many different factors involved in the cost of car insurance, it can be difficult to gauge what you can expect to pay for coverage. That’s why Bankrate created the handy tool below. After entering some basic information, you’ll be presented with a rough estimate of your insurance premium. While this is not an exact quote, it can give you a good idea so you can budget accordingly.

Calculate your monthly car insurance payment

Get a quick estimate to make sure you're not overpaying.

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How to save on car insurance in Florida

Florida may be one of the most expensive states in the country for car insurance, but there are a few things you can do that may help you save on your premium:

  • Shop for new quotes. Make it a habit to shop around for free online car insurance quotes at your renewal or after major life changes (like adding a teen driver or moving to a new ZIP code). Doing so may help to ensure that you receive the most competitive rate possible.
  • Take advantage of eligible discounts. It may be a good idea to ask your agent to review your policy for discounts or programs that could lower your bill. For example, you may be able to save on your car insurance if you install a telematics device in your car or complete an online defensive driving course.
  • Improve your credit score. Having a poor credit score in Florida can cause a large jump in car insurance costs. By paying your bills on time and only taking on debt you can make timely payments on, you could save on your Florida car insurance. 
  • Maintain a clean driving record. Traffic violations and auto accidents can quickly lead to sharp rate increases. Safe driving can help prevent these incidents and can also lead to discounts in some cases. Many insurers will reward clean driving records and claims-free policyholders with added savings. 

Frequently asked questions

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Methodology 

Bankrate utilizes Quadrant Information Services to analyze the latest rates in July 2024 for ZIP codes and carriers in all 50 states and Washington, D.C. Rates include the most recent approved rate changes filed by insurance companies that affect our profile. These revised rates are then weighted based on the population density in each geographic region so that policyholders can see the impact rates have in their areas. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2022 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Credit-based insurance scores: Rates were calculated based on the following insurance credit tiers assigned to our drivers: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. Four states prohibit or limit the use of credit as a rating factor in determining auto insurance rates: California, Hawaii, Massachusetts and Michigan.

Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket and single DUI conviction.

Model: To determine cost by vehicle type, we evaluated our base profile with the following vehicles applied: BMW 330i, Ford F-150, Honda Odyssey, Toyota Prius and Toyota Camry (base).

Age: Rates were calculated by evaluating our base profile with the ages 16-70 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations.

Gender: The following states do not use gender as a determining factor in calculating premiums: California, Hawaii, Massachusetts, Michigan, North Carolina, Pennsylvania.

Teens: Rates were determined by adding a 16- or 17-year-old teen to their 40-year-old married parents' policy. The rates displayed reflect the total cost of a driver this age added to their parents’ policy unless otherwise noted.

Written by
Natalie Todoroff
Writer, Insurance
Natalie Todoroff is an insurance writer for Bankrate, prior to which she wrote for a popular insurance comparison shopping app. She has a Bachelor of Arts in English and has written over 800 articles about insurance throughout her career.
Edited by Editor II, Insurance
Reviewed by Director of corporate communications, Insurance Information Institute