Florida drivers have plenty of options for car insurance. Geico and State Farm are among the best car insurance companies in Florida based on Bankrate’s extensive research. The average cost for full coverage car insurance in Florida is $2,364 annually, based on Bankrate’s 2021 study of quoted annual premiums.
Florida’s roads can be crowded. In addition to the drivers who call the Sunshine State home, the state welcomed 68.9 million tourists in the first half of 2019 alone. Having a car insurance policy to protect your finances if you cause an accident is an important part of your financial health. Bankrate’s analysis of the largest car insurance companies in Florida might help you find the right company and coverage for your needs.
Best car insurance companies in Florida
Our editorial team chose the companies to feature on this list based on 2021 customer satisfaction ratings from J.D. Power & Associates, average 2021 rates as reported by Quadrant Information Services, coverage options, discounts and unique services.
We compiled these factors into a Bankrate Score. Each Score is on a scale of 0.0 to 5.0. The higher a company’s Bankrate Score, the higher that company ranked in each category.
|Provider||Bankrate Score||Average annual full coverage premium||J.D. Power customer satisfaction score
If you are looking for strong digital assets, lower-than-average premiums and a long list of discounts, Geico could be a great choice. Just being a federal employee, an active or retired military member or a student with good grades could lower your insurance premiums. Geico’s mobile app is also highly rated for customer service in the 2021 J.D. Power U.S. Insurance Digital Experience Study.
Learn more: Geico Insurance review
State Farm enables younger drivers and students to save by taking defensive driving courses and for being good students. State Farm also received the highest official ranking for customer satisfaction in the 2021 J.D. Power Auto Insurance Study for Florida. The company has agents available across Florida, so if you like to handle your insurance needs in person, State Farm could be a good choice.
Learn more: State Farm Insurance review
Although Progressive is not the cheapest car insurance company on the list based on average rate data, its benefits may outweigh the higher cost. The company has numerous digital tools that could make your search for the best auto insurance in Florida faster and easier. The Name Your Price tool populates coverage options based on your budget and you can even compare rates from different companies right from Progressive’s website.
Learn more: Progressive Insurance review
Allstate offers a wide range of standard car insurance coverage choices, an exceptional web presence full of tools and useful information for both members and non-members, and a slew of easy and practical ways members could save on their premiums. Drivers insured with Allstate could save by managing their policy digitally, having safety equipment installed and using safe driving habits to join the company’s safe driving club.
Learn more: Allstate Insurance review
Average car insurance cost in Florida
Car insurance rates in Florida can cost on average $1,101 annually for minimum coverage and $2,364 annually for full coverage. Compared to the national average of car insurance, Florida drivers pay nearly $700 more for coverage than drivers in the U.S. as a whole, where the average full coverage premium is $1,674 per year.
|Average annual premium for minimum coverage in Florida||Average annual premium for full coverage in Florida|
The premium jump may be due in part to Florida’s coastal location and its resulting susceptibility to inclement weather such as tropical storms, hurricanes and tornadoes. Florida also has a high amount of uninsured drivers. In fact, it ranks sixth in the nation, with 20.4% of drivers driving without insurance. The state’s busy roadways, laden with tourists, could increase the likelihood of an accident, which also increases insurance costs.
State minimum insurance requirements in Florida
Florida is a no-fault state, meaning that regardless of who is responsible for an accident, each person involved is responsible for filing a claim with their own insurer to cover their medical expenses. To work in tandem with this, Florida has minimum insurance coverage requirements in order to protect its high number of drivers and passengers on the road. The state’s minimum coverage limits include at least:
- $10,000 of personal injury protection (PIP) to cover you regardless of fault in an accident. For this reason, PIP is also known as Florida no-fault insurance.
- $10,000 of property damage liability (PDL) to pay for damage caused to other people’s property
Bodily injury liability coverage is not technically required in Florida. However, the state does have a “financial responsibility law” that dictates that you must provide proof of your ability to pay for the damages that you cause in an accident. Although car insurance is not the only way to satisfy this law — you could post a bond, for example — most drivers opt to purchase a policy that includes bodily injury liability. Should you decide to get car insurance to satisfy this responsibility, the minimum bodily injury liability limit is:
- $10,000 bodily injury liability per person
- $20,000 bodily injury liability per accident
Uninsured motorist coverage must also be offered by Florida auto insurance providers, but can be declined in writing.
Although Florida’s minimum required insurance coverage helps keep the state’s already high premiums in check, drivers may find themselves with higher out-of-pocket expenses following a more serious accident where injuries or damages exceed the minimum amounts. While serious incidents such as car accidents cannot be planned for in advance, purchasing additional coverages upfront, including collision and comprehensive, could help minimize unexpected losses.
Other local car insurance companies in Florida to consider
While the carriers above are some of the largest in Florida, there are other auto insurance options. Many smaller insurance companies operate in the Sunshine State. Smaller companies likely have lower overhead costs since they have fewer employees and generally spend less on marketing and advertising. Because of this, they may be able to offer you lower rates. You may also find that smaller companies place more focus on personalized customer service.
However, smaller companies could be less financially stable than companies with larger market shares. This means that in a situation where multiple claims are being filed, such as widespread damage to vehicles after a hurricane, the company’s financial resources could be overwhelmed. You may also not have access to tools like online portals, apps or 24/7 customer service.
Some smaller Florida insurance companies to consider obtaining quotes from are:
- Star Casualty: Star Casualty is headquartered in Coral Gables, Florida, meaning that they are familiar with the specific needs of Florida drivers. The company offers numerous discounts, bilingual customer support services and in-house claims representatives.
- Horace Mann: If you are an educator, you may want to consider getting a quote from Horace Mann. Founded in 1945, Horace Mann offers a unique insurance program for educators. Advantages of the educator program include replacement cost on totaled vehicles, waived deductibles for certain types of losses and liability coverage if you are transporting students.
Although larger insurance companies tend to dominate the market, smaller companies may also be able to meet your insurance needs. It may be worth obtaining quotes from multiple companies, both large and small, to find the company that best fits your situation.
How to get the best car insurance
With Florida being one of the most populous states in the country in addition to its high-risk weather conditions, nearly every driver wants to be covered under the best car insurance company they can find for their money. Since every driver’s needs are different depending on their vehicle type, coverage requirements and more, finding the best provider is largely dependent on what aspects of insurance you choose to prioritize.
- Evaluate your needs: A household with teenage drivers might have drastically different considerations than someone looking to insure a brand new luxury vehicle. For example, a policyholder with a teen may weigh more heavily on finding the cheapest company to insure a young driver while a luxury car owner may care more about finding coverage for custom parts and equipment. As Florida has a high density of both teen drivers and luxury vehicles, either one of these considerations — and more — could significantly impact rates and your decision on the best option for you. Other things you may consider include credit score, accident history and customer service.
- Consider state factors: Considering Florida’s location along the Atlantic and the likelihood of storms and flooding, drivers may be interested in purchasing fuller protection such as comprehensive coverage, which typically covers vehicle damage sustained by hurricanes. Additional protection could also come in handy in the case of an accident with an uninsured driver. As of 2019, Florida was recorded as having one of the highest percentages of uninsured motorists equating to 20.4% of drivers on the road. In these instances, uninsured motorist coverage could help prevent having to make up the difference of a loss out of pocket.
Car insurance discounts in Florida
Regardless of your initial premium costs, multiple discounts are available through providers that could help you get cheaper car insurance. You could earn savings for your driving habits, your vehicle’s safety features or your preferred payment method. Some common discounts in Florida are:
- Multi-policy: These discounts are often some of the biggest offered. If you buy your auto and home policies through the same company, you will often be rewarded with a discount on both. Some companies give this discount for combining your auto coverage with other lines of insurance, too, like pet, life or business insurance.
- Homeownership: Just owning a home, even if you do not insure it with the same company as your auto insurance, can sometimes save you money. It might be helpful to ask your provider if they offer this discount. You may need to send a copy of your current home insurance policy as proof of ownership.
- Student: If you are a full-time student under the age of 25, or if you insure a student on your policy, you may be eligible for some savings. Good student discounts, distant student discounts and driver training discounts are common.
- Telematics: Many companies offer these programs, which track your driving patterns with a mobile app or plug-in device. Based on how safely you drive, you might earn a discount.
Discounts vary by provider, so talking with a representative is often the best way to learn what savings opportunities might be available to you.
Frequently asked questions
What is the cheapest car insurance in Florida?
The best car insurance in Florida may not always be the cheapest. To find the best coverage for your situation, you could start by considering providers that fit your needs in coverages offered or customer satisfaction. Once you narrow down the list, you can begin to see which discounts you qualify for to help reach your desired rate.
What is the minimum car insurance coverage required in Florida?
The minimum coverage requirements in Florida only include personal injury protection (PIP) and property damage liability (PDL) up to $10,000 each. While purchasing the minimum is often the cheapest route for coverage, expenses caused in a more serious accident could quickly outweigh your insurance.
When budgeting for auto insurance coverage, consider each individual person you plan on insuring under your policy and all accompanying risk factors. Adding additional coverage may be beneficial to offer the fullest amount of protection.
Why is Florida car insurance so expensive?
Car insurance in Florida is higher on average than the national rate for coverage. The state’s dense population, stormy weather patterns and a high number of uninsured drivers may all contribute to its steeper premiums. Although drivers pay $2,364 per year on average for full coverage and $1,101 per year for minimum coverage, your rate could be less depending on your qualified savings and personal factors such as age and credit history.
Does credit affect car insurance premiums in Florida?
Yes, credit is a rating factor in Florida. Your credit score will generally impact how much you pay for car insurance, unless you choose a company that does not utilize credit. Generally, drivers with lower credit scores can expect to pay more for car insurance than drives with higher scores.
Bankrate utilizes Quadrant Information Services to analyze 2021 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 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 coverages that meet each state’s requirements. Our sample drivers own a 2019 Toyota Camry, 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.
Bankrate Scores primarily reflect a weighted rank of industry standard ratings for financial strength (AM Best, S&P, Moody’s) and customer experience (J.D. Power, NAIC), in addition to average quoted rates from Quadrant Information Services. The J.D. Power studies utilized include the 2020 Auto Insurance Study and the 2020 Auto Claims Study. Our Bankrate editorial team’s extensive research and analysis provided a secondary assessment of each insurer’s online and mobile resources and policy management options, which also contributed to overall ratings.