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Best car insurance in Florida for 2023

Updated Jan 03, 2023
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Best car insurance companies in Florida

We source proprietary data from Quadrant Information Services to track trends in car insurance premiums. Based on our analysis, the average cost of car insurance in Florida is $2,762 per year for full coverage, with minimum coverage coming in at $997.

Bankrate’s insurance editorial team understands that while affordable premiums are essential, they aren’t the only consideration when looking for the best car insurance policy. As such, we also review third-party scores issued in the J.D. Power 2022 U.S. Auto Insurance Study, along with coverage options, mobile accessibility and more, and factor these and other data points into our proprietary Bankrate Score, which has a possible total of 5.0 points. Based on our findings, State Farm, Geico, Progressive and Allstate offer some of the best car insurance in Florida.

State Farm
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
J.D. Power score (Florida region)
840
/1,000
Average monthly full coverage premium
$171
Average annual full coverage premium
$2,055
Geico
Rating: 4.4 stars out of 5
4.4
Bankrate Score
Info
J.D. Power score (Florida region)
833
/1,000
Average monthly full coverage premium
$175
Average annual full coverage premium
$2,103
Progressive
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
J.D. Power score (Florida region)
810
/1,000
Average monthly full coverage premium
$248
Average annual full coverage premium
$2,986
Allstate
Rating: 3.8 stars out of 5
3.8
Bankrate Score
Info
J.D. Power score (Florida region)
849
/1,000
Average monthly full coverage premium
$232
Average annual full coverage premium
$2,784
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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.

State Farm
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
J.D. Power score (Florida region)
840
/1,000
Average monthly minimum coverage premium
$63
Average annual minimum coverage premium
$754
Geico
Rating: 4.4 stars out of 5
4.4
Bankrate Score
Info
J.D. Power score (Florida region)
833
/1,000
Average monthly minimum coverage premium
$57
Average annual minimum coverage premium
$684
Progressive
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
J.D. Power score (Florida region)
810
/1,000
Average monthly minimum coverage premium
$107
Average annual minimum coverage premium
$1,287
Allstate
Rating: 3.8 stars out of 5
3.8
Bankrate Score
Info
J.D. Power score (Florida region)
849
/1,000
Average monthly minimum coverage premium
$87
Average annual minimum coverage premium
$1,040
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.

Best car insurance company for cheap average rates

J.D. Power:
840 /1,000
AM Best:
A ++
Avg. annual premium for minimum coverage:
$ 754
Avg annual premium for full coverage:
$ 2,055
Get a personalized quote

Answer a few questions to see personalized rates from top carriers.

Best car insurance company for digital tools

J.D. Power:
833 /1,000
AM Best:
A ++
Avg. annual premium for minimum coverage:
$ 684
Avg annual premium for full coverage:
$ 2,103
Get a personalized quote

Answer a few questions to see personalized rates from top carriers.

Best car insurance company for streamlined shopping

J.D. Power:
810 /1,000
AM Best:
A +
Avg. annual premium for minimum coverage:
$ 1,287
Avg annual premium for full coverage:
$ 2,986
Get a personalized quote

Answer a few questions to see personalized rates from top carriers.

Best car insurance company for customer satisfaction

J.D. Power:
849 /1,000
AM Best:
A +
Avg. annual premium for minimum coverage:
$ 1,040
Avg annual premium for full coverage:
$ 2,784
Get a personalized quote

Answer a few questions to see personalized rates from top carriers.

How Bankrate chose the best car insurance companies in Florida

To find the best auto insurance in Florida, we began by reviewing 2022 quoted annual premiums from Quadrant Information Services for the largest car insurance companies by market share in the state. Because price is just one factor when shopping for car insurance, we also took coverage options, discounts, digital assets and third-party ratings from J.D. Power and AM Best into consideration. 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. Because this scoring method combines numerous facets of each carrier into a single Score, it helps make your process of researching companies easier with an easy comparison tool.

How much is car insurance in Florida?

The average cost of car insurance in Florida for a full coverage policy is $2,762 per year, and minimum coverage costs an average of $997 per year. Compared to the 2022 national average cost of car insurance, which is $1,771 per year for full coverage, Florida drivers pay quite a bit more on average. In fact, Florida is the third-most expensive state in the nation for full coverage car insurance, according to Bankrate’s analysis. For instance, the average full coverage premium in Georgia is 27 percent cheaper than in Florida, coming in at $2,009 per year. However, with the second-highest rates in the country, Louisiana has Florida beat, with an average annual premium of $2,864 for full coverage.

The higher-than-average premiums across Florida may be partly due to the state’s geographic location, with 1,350 miles of coastline (the most in the U.S.) and its resulting susceptibility to severe weather events such as tropical storms, hurricanes and even tornadoes. Florida also has a high population of uninsured drivers, with 20.4 percent of drivers estimated to be driving without insurance, according to 2019 data published by the Insurance Information Institute (Triple-I). All of these factors, especially when added to the state’s busy roadways, could be contributing to high insurance costs.

AVERAGE ANNUAL PREMIUM FOR MINIMUM COVERAGE IN FLORIDA AVERAGE ANNUAL PREMIUM FOR FULL COVERAGE IN FLORIDA
$997 $2,762

How to find the best car insurance in Florida

Many drivers likely want to be covered under the best Florida car insurance company they can find. Since every driver’s needs are different and can depend on factors like vehicle type and coverage requirements, finding the best carrier largely depends on what aspects of auto insurance you choose to prioritize. However, you can take some steps to help you in your search.

Consider 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, at least at first. The at-fault driver is responsible for property damages. Florida’s state minimum car insurance laws are relatively unique; the state only requires personal injury protection (PIP) and property damage coverage. Bodily injury liability coverage is not technically required. However, the state does have a “financial responsibility law” that dictates that you must provide proof of your ability to pay for the damages you cause in an accident. Although auto 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 coverage.

Although Florida’s minimum required insurance coverage helps keep the state’s 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 coverage upfront, including optional collision and comprehensive coverage, as well as uninsured and underinsured motorist coverage, could help minimize unexpected financial losses.

Consider lender requirements

If you have a loan or lease on your vehicle, you may have different insurance requirements than just satisfying the state minimum coverage. Both lenders and lessors usually require full coverage, which adds comprehensive coverage and collision coverage to your policy. These coverage types provide substantial financial protection for both collision and non-collision damage to your vehicle, rather than just for damage you cause to another party. Lessors also usually require that you carry higher-than-state-minimum liability limits. You could also consider gap insurance, designed to pay for the difference between your loan value and the vehicle’s actual cash value if your new car is stolen or totaled. Gap coverage typically costs less if you purchase it from your auto insurer versus your lender.

Consider your individual needs

Every driver has a unique set of circumstances that they bring to car insurance. Your situation will affect the company, coverage types and levels, endorsements and discounts you choose. For example, if you have a teen driver, you may want to search for companies that offer student discounts, which could help you lower your premium. If you have a few accidents, tickets, a DUI conviction or any combination of these incidents on your driving record, you might be considered a high-risk motorist. Your insurance company choices could be limited, so you might need to do a bit more research to find the best option for you.

Frequently asked questions

Written by
Cate Deventer
Insurance Writer & Editor
Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent.
Edited by Insurance Editor
Reviewed by Director of corporate communications, Insurance Information Institute