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Cheapest car insurance in Florida in 2023

Updated Jan 19, 2023
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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. 

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:

Geico
Rating: 4.4 stars out of 5
4.4
Bankrate Score
Info
Average monthly minimum coverage premium
$64
Average annual minimum coverage premium
$766
Annual savings vs. State average*
- $362
State Farm
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
Average monthly minimum coverage premium
$70
Average annual minimum coverage premium
$842
Annual savings vs. State average*
- $286
Allstate
Rating: 3.81 stars out of 5
3.8
Bankrate Score
Info
Average monthly minimum coverage premium
$97
Average annual minimum coverage premium
$1,159
Annual savings vs. State average*
+ $31
Progressive
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
Average monthly minimum coverage premium
$115
Average annual minimum coverage premium
$1,383
Annual savings vs. State average*
+ $255
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This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

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

State Farm
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
Average monthly full coverage premium
$192
Average annual full coverage premium
$2,307
Annual savings vs. State average*
- $876
Geico
Rating: 4.4 stars out of 5
4.4
Bankrate Score
Info
Average monthly full coverage premium
$196
Average annual full coverage premium
$2,356
Annual savings vs. State average*
- $827
Allstate
Rating: 3.81 stars out of 5
3.8
Bankrate Score
Info
Average monthly full coverage premium
$261
Average annual full coverage premium
$3,137
Annual savings vs. State average*
- $46
Progressive
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
Average monthly full coverage premium
$271
Average annual full coverage premium
$3,251
Annual savings vs. State average*
+ $68
Powered by Coverage.com (NPN: 19966249)
Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

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.

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Written by
Carol Pope
Insurance Writer

Carol Pope is an insurance writer for Bankrate and prior to joining the team, she spent 12 years as an auto insurance agent. During this time, she sold, serviced and underwrote auto insurance for people across the country. She also has experience selling supplement coverage such as umbrella insurance.

Edited by Insurance Editor
Reviewed by Director of corporate communications, Insurance Information Institute