Hollywood, Florida, is home to 151,000 residents. Although the community is relatively small, having the best car insurance in Hollywood is important considering the highest number of senior crashes in the country are in Florida. Even if you are not at-fault in an accident, Florida is a no-fault state, meaning you will be responsible for your own medical bills. Be sure to have enough car insurance coverage in Hollywood to protect yourself financially in case of an accident.
In addition, 20% of drivers may be illegally driving without car insurance. Based on the factors mentioned, car insurance premiums in Hollywood are high. Bankrate’s recent quote study from Quadrant Information Services found that the average annual cost of car insurance in Hollywood is $1,523 for minimum and $3,077 for full car insurance. To help you find savings on some of the highest car insurance rates nationwide, we looked at 20 area car insurance companies to find carriers with the lowest rates and highest customer standing offering plenty of discounts.
Best car insurance companies in Hollywood
The following four carriers have the cheapest car insurance in Hollywood as well as high rankings in J.D. Power’s customer satisfaction study.
|Insurance company||J.D. Power score||Average annual premium for minimum coverage||Average annual premium for full coverage|
|Geico||823 / 1,000||$1,028||$2,457|
|State Farm||848 / 1000||$1,297||$2,440|
|Allstate||846 / 1000||$1,470||$2,972|
|Progressive||822 / 1000||$1,737||$3,068|
For the cheapest basic car insurance, consider getting a quote from Geico. Geico partners with major area organizations to provide exclusive rates to employees and members, which could save you on your car insurance premiums. In addition, there are 16 discounts available that may potentially save you as much as 25% off. Bundling policies or vehicles, qualifying as a safe driver or owning a vehicle with safety and/or anti-theft equipment are just a few ways.
State Farm offers full coverage at the lowest cost of the four top carriers at $2,440 per year. Minimum coverage from State Farm averages at half the price but only provides reimbursement for losses to other parties. Full coverage adds reimbursement for losses to your vehicle, as well. In addition to cheap full car insurance, State Farm tops J.D. Power’s insurance study on customer satisfaction for 2021, with a score of 848.
Allstate’s car insurance premium averages came in higher than State Farm and Geico, but your results may be better based on personal factors such as driving record and the discounts you qualify for. If you are in search of convenience when managing your policy or filling a claim, Allstate is hard to beat. The carrier has agents and offices throughout Hollywood as well as a full-featured mobile app for managing your policy at any time.
Progressive shines when it comes to finding the best deal as effortlessly as possible. The Name Your Price tool lets you set a budget for car insurance and tells you how much car insurance your target cost buys you. In addition, you can get a quote directly from the Progressive website and see what other carriers will charge for the same level of coverage, saving you time when shopping for car insurance.
Cheapest car insurance in Hollywood
The four carriers reviewed not only provide the best car insurance in Hollywood, they are also the cheapest and largest in town. For comparison, the average cost of car insurance in Florida for full coverage is $2,364 per year. Hollywood’s premiums are higher, but you may be able to find lower rates by comparing quotes and taking advantage of carrier discounts.
|Insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
If you prefer to work with a local agent with a physical office, State Farm and Allstate are both well-represented in Hollywood. Otherwise, Progressive’s mobile app and website are full-featured. State Farm and Allstate’s online presence are also pretty robust. For the best value, Geico’s coverage is cheap yet customer service is readily available and filling a claim can be done online, through the Geico mobile app or by calling the claims hotline.
Hollywood insurance requirements
One of the easiest ways to save on your car insurance bill is to reduce the amount of insurance you buy. However, it is important to consider whether having less car insurance is a good idea. Lower limits means you will be personally responsible for anything over the limit.
Hollywood’s minimum car insurance requirements are:
- Personal Injury Protection (PIP): $10,000
- Property Damage Liability (PDL) per accident: $10,000
Bodily injury liability is not required in Florida but drivers do have to prove their ability to pay for damages under the “financial responsibility law.” If a driver does purchase car insurance to satisfy the law, the minimum requirements are:
- $10,000 bodily injury liability per person
- $20,000 bodily injury liability per accident
Uninsured motorist coverage must be offered but can be declined in writing. Drivers can opt out of BI coverage and prove their financial responsibility in the 10/20 BI limits in other ways. Only drivers who can prove a net worth of at least $40,000 are eligible to do this and must provide a notarized copy of a financial statement to prove eligibility.
Car insurance discounts in Hollywood
Considering that car insurance in Hollywood can set you back up to $3,000 per year on average, finding even a 10% discount is $300 back in your pocket. Some discounts most carriers offer include:
- Switching: Insurance companies may offer you a discount for switching in order to close the deal. The discount typically applies for the first year but could save you some money while you build a history with the carrier to qualify for other discounts.
- Safe driver: Avoiding tickets, accidents and claims may bring you the biggest savings. Drive safely and defensively and your savings may increase over time.
- Driver safety course: Passing an approved driver safety course can make you a better, safer driver and may earn you a discount for as long as three years.
- Bundling: Purchase home and auto insurance from the same insurance company to get a potential discount on both policies.
Frequently asked questions
What is the best car insurance company?
When analyzing the best car insurance companies, we found that Hollywood, Florida, car owners should compare quotes from State Farm, Allstate, Progressive and Geico. The four carriers have the lowest rates in Florida as well as high customer satisfaction ratings.
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.