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.
Cheapest car insurance in Florida for 2023
Based on Bankrate's research and analysis, Geico and State Farm offer some of the cheapest car insurance rates in Florida.
The cheapest car insurance companies in Florida
Based on data sourced from Quadrant Information Services, Bankrate's insurance editorial team determined that the average rates for Florida car insurance are $1,128 for state-mandated minimum insurance and $3,183 for full coverage, which includes collision and comprehensive insurance. These rates are high compared to the national averages of $622 for minimum and $2,014 for full coverage. Bankrate has reviewed the cheapest car insurance companies in Florida to help you find affordable coverage for your own needs.
Key takeaways
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.
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.
Cheapest car insurance in Florida for minimum coverage
Like almost all states in the U.S., Florida has minimum insurance coverage requirements you must meet in order for you to be on the roads legally. Minimum coverage is designed to protect the other driver, their passengers and car if you are in an at-fault accident. It consists of property liability only, but bodily injury liability is also strongly recommended. When looking at the cheapest car insurance in Florida for minimum coverage, Geico stands out, with State Farm not far behind. Both companies feature average rates that are below the state average. Allstate and Progressive also offer robust policy options at a reasonable price.
| Carrier | Monthly min coverage premium | Annual min coverage premium | Savings vs state avg. for min coverage |
|---|---|---|---|
|
Monthly min coverage premium
$64
|
Annual min coverage premium
$766
|
Savings vs state avg. for min coverage
- $362 |
|
|
Monthly min coverage premium
$70
|
Annual min coverage premium
$842
|
Savings vs state avg. for min coverage
- $286 |
|
|
Monthly min coverage premium
$97
|
Annual min coverage premium
$1,159
|
Savings vs state avg. for min coverage
+ $31 |
|
|
Monthly min coverage premium
$115
|
Annual min coverage premium
$1,383
|
Savings vs state avg. for min coverage
+ $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.
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 $1,128. 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 or an FR-44. 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 or underinsured 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.
Cheapest car insurance in Florida for full coverage
Full coverage insurance includes Florida's requirements for liability insurance and PIP coverage as well as collision and comprehensive insurance, which cover damages to your own car in the event of an accident. Many insurance experts would recommend that you consider full coverage if you can afford it so that you have more complete coverage. If you have a car loan or lease, your lender may require you to carry it. In Florida, the cheapest insurers for full coverage include State Farm and Geico, which both have average rates well under the state average.
| Carrier | Monthly full coverage premium | Annual full coverage premium | Savings vs state avg. for full coverage |
|---|---|---|---|
|
Monthly full coverage premium
$192
|
Annual full coverage premium
$2,307
|
Savings vs state avg. for full coverage
- $876 |
|
|
Monthly full coverage premium
$196
|
Annual full coverage premium
$2,356
|
Savings vs state avg. for full coverage
- $827 |
|
|
Monthly full coverage premium
$261
|
Annual full coverage premium
$3,137
|
Savings vs state avg. for full coverage
- $46 |
|
|
Monthly full coverage premium
$271
|
Annual full coverage premium
$3,251
|
Savings vs state avg. for full coverage
+ $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.
Cheapest car insurance in Florida for drivers with prior incidents
In general, Florida's cheapest car insurance rates will go to those who have a clean driving record. Insurers reward good drivers with low rates because they consider that they are less likely to file claims, making them a lower risk for coverage. If you have an infraction or two on your license, your insurer will assume that you may engage in risky behavior when driving, and thus will charge more for coverage.
- Cheapest car insurance for drivers with a ticket: Geico and State Farm
- Cheapest car insurance for drivers with an at-fault accident: Geico and State Farm
- Cheapest car insurance for high-risk drivers: Geico
Cheapest insurance companies for drivers in Florida with a speeding ticket: Geico and State Farm
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. Florida cheap car insurance for those with a speeding ticket on their record can be found at companies including Geico, which has the lowest average rate for minimum coverage, and State Farm, with the lowest average rate for full coverage.
| Company | Avg annual min coverage premium | Avg annual full coverage premium |
|---|---|---|
| Geico | $1,025 | $3,192 |
| State Farm | $1,046 | $2,633 |
| Allstate | $1,557 | $4,005 |
| National General | $1,584 | $4,759 |
| Progressive | $1,912 | $4,491 |
Cheapest car insurance for drivers in Florida with an at-fault accident: Geico and State Farm
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, with Geico and State Farm coming in with the lowest average rates.
| Company | Avg annual min coverage premium | Avg 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 | $5,077 |
Cheapest car insurance in Florida for high-risk drivers: Geico
Being deemed a high-risk driver may make it more difficult to find cheap insurance in Florida. High-risk drivers 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. Once again, Geico came in with the lowest average rates.
| Company | Avg. annual min coverage premium | Avg. annual full coverage premium |
|---|---|---|
| Geico | $1,200 | $3,684 |
| National General | $1,599 | $4,979 |
| Progressive | $1,708 | $3,910 |
| Allstate | $2,344 | $5,018 |
Bankrate’s take: If you are a high-risk driver in Florida, you may be required to carry SR-22 insurance. This is actually not a type of insurance, but is instead a certificate that testifies that you have the minimum required car insurance to drive legally in the state. You are likely to need this certificate for a few years, after which it can be dropped. An SR-22 indicates to your insurance company that you are at a higher risk of infractions, and it may impact your premium rate. Florida also has the FR-44, which is required for major infractions such as a DUI.
Cheapest car insurance for young drivers in Florida
Florida insurers are allowed to consider the age of the driver when determining premium rates, and generally, they assign higher costs to young drivers. This is because they have less experience behind the wheel and are at a higher risk for accidents and risky driving. It is possible, however, to find reasonably priced car insurance for young adults. Consider the following companies, which have lower average rates for teens in a variety of circumstances.
- Cheapest car insurance for insuring a teen driver: Geico
- Cheapest car insurance for teens with a ticket: Geico
- Cheapest car insurance for teens with an at-fault accident: Geico
- Cheapest car insurance for young drivers with a DUI: Geico
Cheapest Florida car insurance for insuring a teen driver: Geico
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. Their rates may be even higher if they have incidents on their record such as an at-fault accident or DUI. Below you can see which carriers offer some of the cheapest average rates for a teen added to their parent’s policy. More affordable rates may be found by using student discounts and other discounts for young drivers.
| Company | Avg. annual min coverage premium | Avg. 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 |
Bankrate’s take: It stands to reason that young drivers who have not had their license for very long may be more prone to accidents, and statistics prove that this is the case. More teens are involved in accidents than any other age group. Insurers compensate for this by charging teen drivers more for their coverage, since they are more likely to file costly claims after an accident or other vehicle mishap. The good news? As drivers enter their 20s, their rates will begin to decline, especially if they show that they are safe and careful drivers.
Cheapest Florida car insurance for teens with a ticket: Geico
A teen who has earned a moving violation while behind the wheel is likely to pay more for their policy in Florida. Whether they are still on their parents' policy or have a policy in their own name, they may pay rates that are above average for several years, until the infraction drops off their license.
| Company | Avg. annual min coverage premium | Avg. annual full coverage premium |
|---|---|---|
| Geico | $1,762 | $6,250 |
| State Farm | $2,360 | $6,277 |
| Progressive | $3,736 | $9,879 |
| National General | $3,925 | $11,974 |
| Allstate | $4,159 | $12,089 |
Cheapest Florida car insurance for teens with an at-fault accident: Geico
If a teen driver is found to be fully or partly at fault in an accident, they will almost certainly see an increase in their premium rate when they renew their policy. Average rates from a range of carriers show premiums for minimum and full coverage to be well above the state averages, with Geico's average rates being the lowest among Florida's major insurers.
| Company | Avg. annual min coverage premium | Avg. annual full coverage premium |
|---|---|---|
| Geico | $1,768 | $6,059 |
| State Farm | $3,185 | $7,406 |
| Progressive | $3,865 | $10,193 |
| National General | $4,279 | $14,335 |
| Allstate | $4,816 | $14,040 |
Bankrate’s take: Florida is one of a handful of states in the U.S. that are considered no-fault. In no-fault states, drivers purchase personal injury protection (PIP) coverage, which pays out after an accident for injuries, lost wages and other related costs to you or your passengers, regardless of who is at fault in the accident and up to your policy's limits. This helps to expedite claims and reduce lawsuits, but it may not fully cover all costs related to an accident, including property damage liability.
Cheapest Florida car insurance for young drivers with a DUI: Geico
Getting a DUI in Florida can come with some serious consequences. While one offense may lead to fines, multiple offenses could lead to some jail time. In addition, drivers convicted of a DUI may see increases in their car insurance costs for a minimum of three to five years. For young drivers with a DUI in Florida, Geico offers some of the cheapest rates.
| Company | Avg. annual min coverage premium | Avg. annual full coverage premium |
|---|---|---|
| Geico | $1,920 | $6,486 |
| Progressive | $2,398 | $6,021 |
| National General | $2,557 | $7,878 |
| Allstate | $2,999 | $7,542 |
Cheapest car insurance rates by city in Florida
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 vehicle 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.
| City | City average annual minimum coverage premium | Cheapest car insurance company | Company average annual minimum coverage premium |
|---|---|---|---|
| Fort Lauderdale | $1,152 | Geico | $790 |
| Miami | $1,168 | Geico | $787 |
| Orlando | $1,093 | Geico | $657 |
| Tampa | $1,182 | Geico | $835 |
| St. Petersburg | $1,066 | Geico | $769 |
| 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 |
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 usage-based 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. It's important to note some companies could raise your rates if they track bad driving habits via telematics.
- 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. However, it’s important to note that this discount is less readily available in Florida than most other states because the majority of residential insurers in the state do not write auto coverage.
- 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, a student away at school 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.
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.
Teens: Rates were determined by adding a 16-year-old teen to a 40-year-old married parent’s policy. The rates displayed reflect the total cost of a driver this age added to their parents’ policy.
Age: Rates were calculated by evaluating our base profile with the ages 18 and 21 applied. Drivers are renters on their own policy. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations.