Florida presents plenty of challenges to drivers. It’s hit by heavy tropical rainstorms and hurricanes on a routine basis, it has the second highest concentration of drivers over 60, and it is the third largest state for licensed drivers in the country. Florida is also the second most expensive state to insure a car at average annual premiums of $1,101 for minimum coverage and $2,364 for full coverage, but if you’re willing to do some research and comparison shopping, you can save money on your car insurance premium.
Best car insurance companies in Florida
We chose the top companies based on customer satisfaction ratings from J.D. Power & Associates, average 2021 rates as reported by Quadrant Data Services, coverage options, discounts and unique services.
|Car insurance company||J.D. Power customer satisfaction score||Average annual premium for full coverage|
|Allstate||851 / 1,000||$2,441|
|Geico||846 / 1,000||$2,085|
|MetLife||821 / 1,000||$2,830|
|Progressive||834 / 1,000||$2,573|
|State Farm||826 / 1,000||$1,739|
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 nonmembers and a slew of easy and practical ways members can save on their premiums. Drivers insured with Allstate may save by managing their policy digitally, having safety equipment installed and using safe driving habits to join the company’s safe driving club. There are even potential recurring bonuses available for policyholders who go six months without an accident. With Allstate’s policy and savings options, it makes sense why its customer ratings would earn the company the number one spot for Florida providers in the 2020 J.D. Power Auto Insurance Study. The only thing Allstate scored average on was its price, which may not be a huge factor because it offers so many discounts.
Although Progressive is not the cheapest car insurance company on the list based on average rate data, its benefits and standard of customer service seem to balance the cost. Progressive has long been known for its excellent customer service. Its option to pay insurance premiums in installments, 24/7 customer service and accessibility to the public has garnered a high customer satisfaction, which is also reflected in its J.D. Power Score.
Progressive offers a large list of discounts for drivers to take advantage of. Students, military members, homeowners, boat owners and drivers with an accident history will find a discount that can be applied to the car insurance premium.
MetLife tops the list with the highest average annual full coverage car insurance rate, but its range of flexible coverage options may offer Florida drivers the financial confidence they need in their policies. Metlife offers both common and a few special add-ons to auto insurance policies, which could add to your premium expenses, but could also help make sure your coverage is fully personalized to your needs. For example, Florida drivers with vehicles in need of major repairs may benefit from MetLife’s major parts replacement coverage which covers parts like tires or batteries regardless of their condition at the time of an accident.
State Farm enables younger drives and students to save by taking defensive driving courses and for being good students. Specifically for Florida, State Farm ranked in the middle of the pack for insurers surveyed in the 2020 J.D. Power Auto Insurance Study. That said, State Farm does have a lot going for it when compared to other insurance companies. For example, you can do everything you need to via its mobile app, including file a claim, make a payment, update your policy and request roadside assistance.
Geico scored second among Florida providers in the 2020 J.D. Power Auto Insurance Study, reflecting overwhelmingly positive feedback around customer service. This is just one of several beneficial aspects of the provider.
For example, in addition to cars, you can also insure delivery vehicles, boats, personal watercraft, ATVs, RVs and even motorcycles. Plus there are a variety of ways you can save on your policy each year, some of which include special offers for being a federal employee, an active or retired military member, or a student with good grades.
Average car insurance cost in Florida
Car insurance rates can run Florida drivers $1,101 annually for minimum coverage and $2,364 annually for full coverage. Compared to the national average of car insurance, Florida drivers pay more for coverage with nearly $700 difference between Florida’s rate and the U.S. average of $1,674 per year for full coverage.
The premium jump is likely due in part to Florida’s coastal location and its resulting susceptibility to inclement weather such as tropical storms, hurricanes and tornadoes. When ranked against other U.S. states, Florida has the highest storm surge risk as of 2020.
Whether it’s a tropical storm or even just high winds and hail, many Florida drivers have had to file a claim because of a weather-related event. If you are looking to save on insurance by finding the most affordable car insurance, check out providers writing the cheapest car insurance policies in Florida.
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 any losses. 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
Although Florida’s minimum required insurance coverage helps keep the state’s already high premiums at bay, 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.
- Equity: Although it is based in Tulsa, Oklahoma, Equity does offer coverage in Florida. For users looking for online tools, Equity may be a good choice. Although the offerings are limited, Equity customers can print ID cards or renew their policies online. Equity also does not use credit in its rating process. If you have poor credit, Equity may be a good choice.
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 person looking for a policy to insure both themself and a teenager 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 2015, Florida was recorded as having the highest percentage of uninsured motorists equating 26.7% of drivers on the road. In these instances, uninsured or underinsured 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 can help you get the most out of your coverage. You could earn savings for your driving habits, occupation or other practical measures.
|Automatic payment/paperless billing||X||X||X|
|Defensive driving course||X||X||X|
|Low annual mileage||X||X|
|Occupational or organizations||X||X|
|Safe driver/accident free||X||X||X||X||X|
Frequently asked questions
What is the cheapest car insurance in Florida?
Finding the best car insurance in Florida may not always be the cheapest, but 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?
Due to Florida being a no-fault state, minimum coverage requirements only include personal injury protection (PIP) and property damage liability (PDL) up to $10,000 each. While purchasing the minimum is the cheapest route for coverage, expenses caused in a more serious accident to yourself or other individuals in your car could quickly outweigh your insurance.
When budgeting for auto insurance coverage, consider each individual person you plan on insuring under you 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 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.
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.