Average cost of car insurance in Florida in 2023

How much is car insurance in Florida? 

How much is car insurance in Florida? It depends on your coverage. For full coverage, drivers pay an average of $3,183 per year, which is 37 percent more than the national annual average of $2,014. Florida car insurance rates for minimum coverage average $1,128 per year, or around 45 percent more than the $622 national annual average. The state’s higher rates are due to a number of factors, including it being the third most dangerous state to drive in, according to the Insurance Information Institute. Additionally, insurance fraud is a common concern in relation to Florida’s personal injury protection (PIP) system, leading the Senate to consider a repeal of no-fault coverage during the 2023 legislative session. However, your cost will depend on a number of rating factors, including your ZIP code and what coverage types and levels you choose. Bankrate found that larger cities and coastal areas tended to pay higher average premiums due to the increased risk of accidents and higher cost of living. Additionally, choosing higher levels of coverage or adding optional endorsements will likely increase your premium.

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 five of the most populous cities differ. For example, you may save more by living in Orlando or St. Petersburg than living in Tampa or Miami.

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 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 with a clean driving record. Statistically, men have more serious car accidents and receive more moving violations like DUIs than females, which is why they usually 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 is the cost of your coverage. Young drivers in Florida may save upwards of $1,000 on average by remaining on their parent’s policy while living with them.

*16- and 17-year-old drivers must be on their parents’ policy.

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 18 percent more than the state average. Having a DUI costs about 63 percent more, while an accident could increase rates around 38 percent over the average car insurance cost in Florida.

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 having excellent credit could save around 16 percent. Those with average credit pay around 13 percent more than the state average. However, if you have poor credit, you could be looking at around a 100 percent higher premium than the average car insurance cost in Florida.

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.

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. By avoiding at-fault accidents, tickets and DUIs, you can help keep your car insurance rates low while also contributing to safer road conditions for everyone.

Estimate your car insurance cost in Florida

Frequently asked questions