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Cheapest car insurance in Florida in 2023
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What To Know First
- Average full coverage car insurance rates in Florida are $3,183 per year, 58 percent higher than the national average.
- The average minimum coverage insurance cost in Florida is $1,128 per year, nearly double the national average of $622 per year.
- Florida is one of the only states in the country that does not require bodily injury liability coverage. Still, if you choose to not carry it, you must prove that you have the financial responsibility to pay for injuries you may cause in an at-fault accident by filing a self-insurance certificate.
- Cheapest company for minimum coverage: Geico
- Cheapest company for full coverage: State Farm
- Cheapest company for adding a teen driver: Geico
- Cheapest company for getting a speeding ticket: Geico
- Cheapest company for being in an at-fault accident: Geico
- Cheapest company for drivers with a high-risk incident: Geico
On This Page
- The cheapest car insurance companies in Florida
- The cheapest car insurance companies in Florida by coverage level
- Cheapest cities in Florida for car insurance
- Factors that impact cheap rates in Florida
- Minimum coverage requirements for Florida drivers
- How to get the cheapest car insurance in Florida
- Car insurance discounts in Florida
- Frequently asked questions
- Methodology
The cheapest car insurance companies in Florida
Florida has a high population density, which may contribute to higher numbers of drivers on the road and more accidents. This, combined with an increased likelihood of property damage caused by hurricanes, is part of the reason why Florida drivers pay so much for auto insurance. Although these challenges could mean higher rates, finding low-cost car insurance in Florida may be possible.
Bankrate’s insurance editorial team conducted a study to find the cheapest car insurance companies in Florida and found that Geico and State Farm may offer the lowest average premiums in the state for a variety of drivers.
Compare auto insurance rates
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
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Cheapest company for minimum coverage
| Average monthly minimum coverage premium | Average annual minimum coverage premium | |
|---|---|---|
| Geico | $64 | $766 |
Cheapest company for full coverage
| Average monthly full coverage premium | Average annual full coverage premium | |
|---|---|---|
| State Farm | $192 | $2,307 |
Cheapest company for adding a teen driver
| Average monthly minimum coverage premium | Average annual minimum coverage premium | |
|---|---|---|
| Geico | $134 | $1,602 |
Cheapest company for getting a speeding ticket
| Average monthly minimum coverage premium | Average annual minimum coverage premium | |
|---|---|---|
| Geico | $85 | $1,025 |
Cheapest company for being in an at-fault accident
| Average monthly minimum coverage premium | Average annual minimum coverage premium | |
|---|---|---|
| Geico | $84 | $1,008 |
Cheapest company after a high-risk incident
| Average monthly minimum coverage premium | Average annual minimum coverage premium | |
|---|---|---|
| Geico | $100 | $1,200 |
The cheapest car insurance companies in Florida by coverage level
According to our analysis, Geico and State Farm offer some of the cheapest average car insurance rates in Florida for minimum coverage. Although minimum coverage car insurance will allow you to meet state insurance requirements, many insurance professionals recommend that you purchase higher limits if you can afford to. A minimum coverage policy provides no financial protection for your vehicle and carries a higher risk of out-of-pocket expenses if you are involved in an accident.
State Farm and Geico also take the top spots for the cheapest full coverage in Florida. Full coverage car insurance typically means you are adding additional or higher liability limits, as well as comprehensive and collision coverage. While this coverage package may be more expensive, it could provide valuable financial protection for damage to your vehicle.
If you're looking for low-cost auto insurance in Florida, you may want to consider these carriers:
| Insurance company | Average monthly minimum coverage premium | Average annual minimum coverage premium | Annual savings vs. State average* |
|---|---|---|---|
|
Geico
4.4
Bankrate Score
|
Average monthly minimum coverage premium
$64
|
Average annual minimum coverage premium
$766
|
Annual savings vs. State average*
- $362 |
|
State Farm
4.2
Bankrate Score
|
Average monthly minimum coverage premium
$70
|
Average annual minimum coverage premium
$842
|
Annual savings vs. State average*
- $286 |
|
Allstate
3.8
Bankrate Score
|
Average monthly minimum coverage premium
$97
|
Average annual minimum coverage premium
$1,159
|
Annual savings vs. State average*
+ $31 |
|
Progressive
4.2
Bankrate Score
|
Average monthly minimum coverage premium
$115
|
Average annual minimum coverage premium
$1,383
|
Annual savings vs. State average*
+ $255 |
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
*Based on policies with minimum coverage for 2023
| Insurance company | Average monthly full coverage premium | Average annual full coverage premium | Annual savings vs. State average* |
|---|---|---|---|
|
State Farm
4.2
Bankrate Score
|
Average monthly full coverage premium
$192
|
Average annual full coverage premium
$2,307
|
Annual savings vs. State average*
- $876 |
|
Geico
4.4
Bankrate Score
|
Average monthly full coverage premium
$196
|
Average annual full coverage premium
$2,356
|
Annual savings vs. State average*
- $827 |
|
Allstate
3.8
Bankrate Score
|
Average monthly full coverage premium
$261
|
Average annual full coverage premium
$3,137
|
Annual savings vs. State average*
- $46 |
|
Progressive
4.2
Bankrate Score
|
Average monthly full coverage premium
$271
|
Average annual full coverage premium
$3,251
|
Annual savings vs. State average*
+ $68 |
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
*Based on policies with full coverage for 2023
Cheapest cities in Florida for car insurance
Car insurance companies use an array of rating factors to determine how much to charge you for auto insurance. Some of these factors could include your age, gender, credit history, the type of vehicle you drive and, in Florida, your ZIP code. In general, more populated areas have higher rates of accidents and theft and therefore, higher average premiums. Coastal areas with high exposure to hurricanes may also see higher rates in Florida.
Bankrate’s insurance editorial team closely examined average premiums across the Sunshine State. Based on our findings, if you live in one of the cities below, you may be able to find some of the cheapest rates in the state.
| City | City average annual minimum coverage premium | Cheapest car insurance company | Company average annual minimum coverage premium |
|---|---|---|---|
| Sun City | $947 | State Farm | $775 |
| Saint Leo | $965 | Geico | $716 |
| Trilby | $965 | Geico | $716 |
| Dade City | $973 | Geico | $716 |
| Spring Hill | $973 | Geico | $716 |
| Plant City | $974 | State Farm | $646 |
| City | City average annual full coverage premium | Cheapest car insurance company | Company average annual full coverage premium |
|---|---|---|---|
| Palm Coast | $2,753 | State Farm | $1,629 |
| Sun City | $2,755 | State Farm | $2,308 |
| Spring Hill | $2,757 | State Farm | $2,104 |
| Belleair Beach | $2,774 | State Farm | $1,960 |
| Trilby | $2,784 | State Farm | $2,104 |
| Indian Rocks Beach | $2,788 | State Farm | $1,960 |
Factors that impact cheap rates in Florida
Tailoring your insurance search based on your specific needs may help you find cheap auto insurance in Florida. For instance, some companies offer lower premiums for teen drivers, while others may underwrite more favorably than the competition for drivers involved in an at-fault accident. We analyzed rate data from Quadrant Information Services to find the cheapest average rates for some common potentially rate-impacting scenarios.
Insuring a teen driver
Adding a teen driver to your policy could have a sizable impact on the amount you pay for car insurance rates in Florida. Teen drivers have the highest crash rate of any age group on the road. Car insurance providers tend to charge higher premiums for teen drivers due to this higher risk and their lack of experience behind the wheel. Below you can see which carriers offer some of the cheapest average rates for a teen added to their married parents' policy.
| Car insurance company | Average annual minimum coverage premium | Average annual full coverage premium |
|---|---|---|
| Geico | $1,602 | $4,898 |
| State Farm | $1,724 | $4,276 |
| Allstate | $1,831 | $5,002 |
| Progressive | $2,145 | $5,270 |
Getting a speeding ticket
Drivers in Florida who have received a speeding ticket conviction could expect to pay more for insurance rates. This is because insurers may see speeding as an indication of unsafe driving habits. Fortunately, a Florida speeding ticket typically only increases your insurance premiums for three to five years, depending on the carrier. If you maintain a clean driving record after your ticket, your rates may eventually decrease.
| Car insurance company | Average annual minimum coverage premium | Average annual full coverage premium |
|---|---|---|
| Geico | $1,025 | $3,192 |
| State Farm | $1,046 | $2,633 |
| National General | $1,584 | $4,759 |
| Allstate | $1,557 | $4,005 |
| Progressive | $1,912 | $4,491 |
Getting into an at-fault accident
Car accidents can be stressful, especially if you are the at-fault driver. If you have an at-fault accident on your record, you may see significant increases in your premium when your policy renews. If you're searching for cheap Florida car insurance following an accident, you might consider getting a quote from the following carriers. In the table below, you’ll see the cheapest car insurance companies in Florida for those with one at-fault accident on their record.
| Car insurance company | Average annual minimum coverage premium | Average annual full coverage premium |
|---|---|---|
| Geico | $1,008 | $3,108 |
| State Farm | $1,259 | $3,012 |
| Allstate | $1,762 | $4,528 |
| National General | $2,213 | $6,726 |
| Progressive | $2,216 | $5,076 |
Cheapest car insurance after a high-risk incident
Being deemed a high-risk driver may make it more difficult to find cheap insurance in Florida. High-risk drivers may include those with multiple speeding tickets, at-fault accidents or a DUI on their record. It’s likely not impossible to find cheaper rates following a high-risk incident, but it may require diligence to find adequate coverage and an affordable premium. The table below demonstrates the average premiums offered by some of the major carriers in Florida for those with a DUI. However, please note that not all companies will offer a policy to all drivers with a DUI on their record, so please contact the company directly for more information.
| Car insurance company | Average annual minimum coverage premium | Average annual full coverage premium |
|---|---|---|
| Geico | $1,200 | $3,684 |
| State Farm | $1,512 | $3,449 |
| National General | $1,599 | $4,979 |
| Progressive | $1,708 | $3,910 |
| Allstate | $2,344 | $5,018 |
Minimum coverage requirements for Florida drivers
Based on proprietary rate data provided by Quadrant Information Services, the average annual premium for a minimum coverage policy in Florida is $997. Like most states, drivers in Florida have to carry at least a minimum amount of coverage to drive legally. As Florida is a no-fault state, these include:
- $10,000 personal injury protection (PIP)
- $10,000 property damage liability per accident
Bodily injury liability, a required coverage in most states, is not required in Florida. However, Florida drivers must prove their ability to pay for damages they cause in an accident. For example, you might do this without purchasing bodily injury coverage by filing a self-insurance certificate if your net worth is high enough to qualify. However, insurance is generally the easiest way to satisfy this “financial responsibility law.”
Drivers could face harsh penalties if they cause injuries in an at-fault accident without bodily injury coverage or the proper self-insurance certificate filed, even if they maintain insurance that meets Florida’s minimum property damage and PIP requirements. In these situations, the state may require you to maintain an SR-22. They could also issue a fine and suspend your driver's license until you can prove financial responsibility by purchasing car insurance that includes bodily injury coverage.
If you choose to purchase insurance, the minimum requirements for bodily injury coverage are:
- $10,000 bodily injury liability per person
- $20,000 bodily injury liability per accident
Florida insurance companies must also offer uninsured motorist coverage, but you can decline this coverage in writing. This coverage option gives you financial protection if an uninsured driver hits you.
Although minimum coverage often results in lower premiums, most insurance agents recommend purchasing higher limits for greater financial protection if you can afford to do so. Additionally, minimum coverage does not include comprehensive or collision coverage, which pays for damages to your vehicle. Policies with these coverage options are often referred to as “full coverage” policies. If you finance or lease your vehicle, your financial institution will likely require you to carry full coverage.
How to get the cheapest car insurance in Florida
There are a few approaches you might take if you’re wondering how to save on car insurance in Florida. From shopping around to scouring your policy for discounts, the strategies below may help you find more affordable rates.
Compare quotes from multiple providers
Comparing car insurance quotes from multiple providers may be one of the most effective ways to find the cheapest car insurance in Florida. Comparing quotes for the same coverage types from multiple carriers could be the fastest way to determine which company offers the best rates for your personal circumstances. This may also allow you to compare discounts you might be eligible for from different carriers.
Maintain a clean driving record
Staying ticket- and accident-free is another way you might save on car insurance in Florida. Car insurance companies use analytical data to predict how likely you will file a claim in the future, and risky driving could be a strong indicator of an increased likelihood of being involved in a car accident. Additionally, maintaining safe driving habits might help you qualify for a safe driving discount. If your auto insurance company offers a telematics program, this could be one of the quickest ways to start demonstrating safe driving.
Car insurance discounts in Florida
Many car insurance companies offer discounts to help their policyholders take advantage of Florida car insurance savings. Some of the opportunities that may be worth exploring include:
- Telematics discount: Many carriers offer a telematics discount, which could net you hefty savings on your car insurance premium. Generally, to enroll in a telematics program, you must install a small device in your vehicle or download a mobile app. The device (or app) then records your driving habits and reports that data to your insurance company, which may grant you a discount based on your driving habits and mileage.
- Defensive driver discount: Some car insurance companies in Florida will give you a discount for completing an online defensive driving course, but each company sets its own eligibility guidelines. For example, some carriers require that you are at least 50 years old to qualify. You may want to speak with your agent for specifics to see if you qualify.
- Bundling discount: You might earn a discount for bundling your Florida car insurance and your Florida homeowners insurance with the same company. If you aren’t a homeowner, some companies offer bundling discounts for other types of coverage, such as renters or motorcycle policies.
- Military discounts: If you are affiliated with the military, you may qualify for additional savings with some companies.
In addition to these popular discounts, some common savings opportunities could include a pay-in-full discount, paperless discount and good student discount. It may be a good idea to ask your agent for a full policy review to ensure that you take advantage of all the discounts you may be eligible for.
Frequently asked questions
Methodology
Bankrate utilizes Quadrant Information Services to analyze 2023 rates for ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. 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 2021 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.