There are many perks to living in the Sunshine State. Unfortunately, cheap car insurance is not one of them. The average cost of minimum coverage car insurance in Florida is $895 per year and the average full coverage policy costs $2,544 per year, making Florida the most expensive state for car insurance.
Despite what the numbers show, it is possible to find cheap car insurance in Florida. There are a few companies in particular that are known for offering affordable rates to Florida drivers. To help you find the best one, we put together a list of the cheapest car insurance in Florida.
The cheapest car insurance companies in Florida
Florida is the most expensive state for car insurance, but you can still find a good deal—if you choose the right provider. We did some research to find the cheapest car insurance companies in Florida. Here are the three that we recommend.
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Geico ranked second in J.D. Power’s 2020 U.S. Auto Insurance Study, and for good reason. The company offers some of the cheapest car insurance policies on the market. In Florida, the average full coverage insurance policy from Geico costs $1,961, which is almost $600 cheaper than the statewide average rate. Geico’s coverage is basic, and the customer service is not the greatest, but you can count on getting an affordable car insurance policy from Geico.
We found that Geico has some of the best discounts of any insurance company. Drivers can save a significant amount of money by having standard safety features in their car, like airbags and antilock brakes. You can even save 15% if you always wear your seatbelt. Geico also offers savings for good students, military members, federal employees and seniors.
In J.D. Power’s 2020 U.S. Auto Insurance Study for the Florida region, State Farm ranked seventh on the list of 13 providers. State Farm ranked below average in terms of customer satisfaction, but the company does offer some of the cheapest insurance rates in Florida. The average driver pays $1,704 for a full coverage insurance policy from State Farm, which is well below average.
In addition to low rates, State Farm also stands out for its discount options. State Farm has two safe driver rewards programs, Drive Safe & Save for adults and Steer Clear for drivers under 25. State Farm also offers generous discounts for students away at school, being claims-free, having certain vehicle safety features and bundling a home and auto insurance policy.
Allstate took first place in J.D. Power’s 2020 U.S. Auto Insurance Study for the Florida region. Many Florida drivers are insured with Allstate because the company offers affordable rates, good discounts and a wide range of coverage options. The average Florida driver pays $2,140 for a full coverage policy from Allstate, which is cheaper than the statewide average.
Allstate offers discounts that can help drivers save money on insurance. If you sign up for Allstate Deductible Rewards®, you can get $100 off your deductible each year you prove your safe driving habits, up to $500. You can enroll in Allstate’s safe driver discount program, Drivewise®, which rewards good drivers with a lower car insurance rate. Allstate also has discounts for good students, signing a policy early and paying in full.
Affordable coverage for Florida drivers
Car insurance is legally required in Florida. All drivers must carry a minimum amount of insurance coverage that is determined by the state. Florida is also a no-fault state, which means drivers are required to carry personal injury protection coverage (PIP). Here is the minimum amount of insurance that Florida drivers need to have:
- $10,000 bodily injury liability coverage per person
- $20,000 bodily injury liability coverage per accident
- $10,000 property damage liability coverage per accident
- $10,000 personal injury protection coverage per person
If you only purchase the minimum required amount of car insurance, you will pay the lowest price. However, most insurance companies recommend that Florida drivers purchase more coverage than what is legally required. If you get into a serious accident, there is no guarantee that Florida’s minimum car insurance requirements will be enough to cover the full cost of the claim.
Raising your liability coverage limits is worth the added cost for most people. You will pay more money upfront, but you are less likely to pay a large amount of money out-of-pocket towards a liability claim or lawsuit if you get into an accident.
How to get cheap car insurance in Florida
Besides choosing a provider with affordable rates, there are other ways to find cheap car insurance in Florida. Here are some suggestions:
- Ask about discounts: Most insurance companies offer discounts that can help drivers save money on their premiums. Every provider has different discounts, but some of the common ones are having safety features in your car, taking a defensive driving course, being a safe driver and paying your premium in full.
- Raise your deductible: By raising your deductible, you agree to pay more money out-of-pocket towards a claim. However, a higher deductible means paying less for your monthly premium.
- Improve your credit score: Your credit score is one of the factors that influence your rate. Drivers with poor credit scores are considered high-risk, and they pay a higher rate because of it. If you can boost your credit score, you will get rewarded with a lower premium.
- Shop around: Another option is to shop around for a different provider that can offer you a cheaper rate. Oftentimes, insurance companies will even give you a discount for simply switching providers, and signing a new policy before your old one ends.
Frequently asked questions
What is the best car insurance in Florida?
There is not one car insurance company in Florida that is the best for every driver. There are some companies that are great for affordable premiums, and others that are better for drivers who want reliable customer service. To find the best car insurance in Florida for you, start by doing some research and shopping around.
How much does car insurance cost in Florida?
Car insurance in Florida is expensive. However, there are a number of factors that influence your car insurance premium. You might pay more or less than the state-wide average based on your ZIP code, your age, the type of car you drive, your credit score and your claims history.
Do I need car insurance in Florida?
Yes, car insurance is legally required in Florida. Additionally, Florida is considered a no-fault state, which means drivers need to have PIP insurance. Drivers are required to carry a minimum of $10,000/$20,000 bodily injury liability coverage, $10,000 property damage liability coverage, and $10,000 personal injury protection coverage.
Bankrate utilizes Quadrant Information Services to analyze rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a cleaning 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 coverages that meet each state’s requirements. Our sample drivers own a 2018 Honda Accord, commute five days a week and drive 12,000 miles annually.
These are sample rates and should be used for comparative purposes only. Your quotes may be different.