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Drivers who are looking for high-risk auto insurance in Florida typically pay higher rates than the national average. But it’s not just high-risk car insurance that’s expensive in this state; car insurance rates in Florida are some of the highest in the country across the board. The higher average rate for car insurance is due, at least in part, to Florida’s high population density and the large number of vacationers on the roads each year. According to the Insurance Institute for Highway Safety (IIHS), the average death rate from crashes in the U.S. is 11 per 100,000 people, but Florida averages 14.8.
When a driver is determined to be high risk, they are likely going to have to pay even higher average insurance rates. Insurance companies consider drivers to be high risk if they have prior at-fault accidents, speeding tickets, DUIs or other blemishes on their driving records, which makes them more likely to be involved in claims in the future. When the risk of a claim goes up, the premiums for an insurance policy typically do, too. While that’s not an ideal scenario, it may still be possible to find affordable car insurance for high-risk drivers in Florida.
Rates for high-risk car insurance in Florida
The rates in the following sections are based on average increases after certain violations. Your particular increase will vary depending on your driving history and the severity of your violation. For example, 10 miles over the speeding limit is not as bad as 20, but even that pales in comparison to a DUI.
Rates after a speeding ticket
Drivers typically see a sizable jump in their premium after a speeding ticket. The size of the increase typically varies on how much over the speed limit you were going as well as your past driving history. Speeding tickets generally influence premiums because speeding is one of the leading causes of accidents and claims across the nation.
|Car insurance company||Florida average annual premium for full coverage before a speeding ticket||Florida average annual premium for full coverage after a speeding ticket||% difference|
Companies that are cheaper prior to a violation are sometimes more expensive afterwards, but other companies might not have an increase for people who take advantage of discounts or safe driving programs. This is why you should always do your research before choosing your provider.
Rates after an accident
There are many types of accidents. There are:
- Fender benders
- Extreme property damage
- Property damage with medical injuries
- Property damage with medical injuries and death
- Pedestrian injuries/ death
- Cyclists injuries/ death
The severity of your accident will dictate how much of an increase you may see as will the cause. Were you speeding, distracted, or under the influence of something? Keep in mind that, as with everything on this list, your past driving history will also heavily contribute, especially if you have a history of at-fault accidents and speeding.
|Car insurance company||Florida average annual premium for full coverage before an accident||Florida average annual premium for full coverage after an accident||% difference|
Depending on their provider, Florida drivers pay an average of 5-17% more for car insurance after a car accident.
Rates after a DUI
A DUI in Florida will require you to obtain an FR-44. This form proves to the state that you are carrying the correct amount of insurance, and with an FR-44 you are required to carry 100/300 bodily injury liability.
Insurance companies look heavily at your past driving history when calculating your new premium after a DUI. However, keep in mind that it is legal in Florida for a company to cancel your policy altogether due to the license suspension associated with the DUI (in some states, companies must wait until it’s time for you to renew).
|Car insurance company||Florida average annual premium for full coverage before a DUI||Florida average annual premium for full coverage after a DUI||% difference|
These increases will be more severe if you get another DUI arrest or caused an accident while intoxicated.
Rate for teen drivers
Teens are considered high-risk drivers for a variety of reasons. They have less experience on the road and are therefore more likely to make poor driving decisions, such as speed and use their cell phone. The CDC reports that 7 teens die each day in a car crash, and estimates that in 2018 Americans lost about $11.8 billion to medical costs and work loss due to accidents involving a teenager. Clearly it’s something insurance companies take seriously.
The table below shows the cost increase for adding a 16 year old to their parent’s policy.
|Car insurance company||Average annual premium for full coverage|
*16-year-old on their parent’s policy
Many companies offer a variety of discounts to teen drivers, such as good student, away at school and defensive driving courses. While a defensive driving course is beneficial, there are a few other strategies you can do to lower your costs, but the best thing you can do is ensure your teenager learns good driving habits so their driving record stays clean.
Who is a high-risk driver?
A high risk driver is typically someone who has one or more of the following:
- Speeding tickets
- At-fault accidents
- Living in a high risk area
- Being a teen driver
- Bad credit
- Lapse in coverage
Because of this, their insurance company feels they are likely to file a claim in the future, which is why they charge these drivers more.
High-risk auto insurance in Florida typically just means drivers pay more for the same coverage they had before, but it is possible their carrier may drop them altogether after a serious violation.
How to lower your rate if you are a high-risk driver
High-risk car insurance in Florida usually means you pay a lot more. However, that does not mean you won’t be able to find a less expensive rate:
- Shop around: As you saw above, car insurance companies charge drivers different rates, so getting several quotes will give you a better idea of your options.
- Compare discounts: Most insurance companies offer multiple discounts to get your premium down, and while a lot of companies offer many of the same options, you can often save more with certain ones.
- Drive an older car: New cars cost more to replace and therefore cost more to insure. Save money by driving an older car that has a high safety rating.
- Increase your credit score: People with low credit scores are more likely to file a claim than those with a high credit score. Increase your credit score and your premium should lower.
The next best thing you can do for your premium is to continue to drive safely. Don’t drink and drive, leave early and follow all traffic laws. This will keep your record clean until your insurance company reviews your account for renewal.
Frequently asked questions
The average cost of car insurance in the U.S. is $1,655 per year for full coverage and $480 for minimum coverage. That is significantly lower than the average annual rate for car insurance in Florida, which is $2,364 per year for full coverage and $1,101 for minimum coverage. However, those are just the average rates. Your rates will vary depending on the coverage selections and limits you choose. Plus, other factors, like your ZIP code, vehicle and driving history will also have an impact on your rates.
No company will be the best car insurance option for every driver in Florida. Car insurance needs and wants can vary, and the best car insurance company will depend on what’s most important to each driver. Competitive rates are important for many drivers, so many people start their search by looking for the company that offers the most affordable rates. However, there are other factors, like coverage options, discounts, financial strength ratings and customer service reviews, that may also play a role. In addition, the features offered by a company’s website or mobile app may also matter when narrowing down the options.
The cost for high-risk car insurance in Florida varies, but is, on average, significantly higher than the national cost of car insurance. The actual rate drivers pay will depend on numerous factors, though, including their driving record, their vehicle, and where they live. Some high-risk factors that may impact insurance costs include speeding tickets, DUI/DWI, lapse of coverage and at-fault accidents.
Bankrate utilizes Quadrant Information Services to analyze 2022 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 base profile drivers own a 2020 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.
Incident: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction and lapse in coverage.