Which company has the cheapest car insurance in Florida?

Cheap car insurance in Florida takes a little work to find. At an average of $2,560 a year for full coverage, Florida has the most expensive car insurance rates in the nation. The national average is $1,682.

Car insurance companies in Florida have a wide variety of discounts and coverage options. You’ll need to do a little research and shop around. Comparing car insurance quotes in Florida is the best way to find quality, affordable coverage. 

How much is car insurance in Florida by company? Take a look at the following Florida car insurance rates, based on 2022 data, for a driver with a clean record carrying full coverage. 

CompanyAverage annual rate (100/300/100, $500 deductibles)
Geico$1,554
State Farm$1,776
Travelers$2,140
Nationwide$2,156
Allstate$2,757
Progressive$2,926

Cheapest liability-only insurance for Florida drivers

For drivers who don’t need comprehensive and collision coverage and want liability only Geico and State Farm again have the lowest average rates.

The cheapest car insurance companies in Florida for state minimum coverage are:

CompanyAverage annual rate (state minimum)
Geico$400
State Farm$678
Travelers$703
Mercury$762
Nationwide$825
Allstate$871

The cheapest auto insurers for higher liability limits of 50/100/50 and their average rates are:

CompanyAverage annual rate (50/100/50)
Geico$787
State Farm$1,081
Travelers$1,153
Nationwide$1,450
Mercury$1,466
Allstate$1,500

Minimum coverage isn’t recommended because it’s typically insufficient to pay for even minor accidents, leaving you responsible for medical and repair bills. However, liability-only coverage will suffice if you have an old car that’s not worth much and no savings or assets.

Cheapest car insurance rates in Florida by driving record

How much coverage you buy and from which company are among the key factors that influence your insurance cost. We’ve seen that Geico and State Farm are the cheapest companies for the average driver (above). But not everyone is average. To estimate what you can expect, we've gathered car insurance quotes for Florida drivers for common scenarios. These include motorists with the following:

  • Accidents
  • Speeding tickets
  • Bad credit

Cheapest insurance for Florida drivers with accidents

Geico, State Farm and Travelers have the lowest car insurance rates in Florida for drivers with an at-fault accident among those surveyed by Insurance.com. In Florida, a recent at-fault accident claim will hike your rates by an average of 46%. Geico has the cheapest rates with an accident, followed closely by State Farm.

CompanyAverage annual rate (one accident)
Geico$2,454
State Farm$2,522
Travelers$3,577
Nationwide$3,589
National General$4,966
Allstate$5,030

Cheapest Florida car insurance for drivers with speeding tickets

State Farm has the lowest rate for Florida drivers with a recent speeding violation. In Florida, a minor speeding ticket will hike your rate by an average of 24%. Typically, you'll pay more for three years. The good news? You can still save money by comparing Florida car insurance companies. Geico has the cheapest insurance for Florida drivers after a speeding ticket, followed by State Farm.

CompanyAverage annual rate (one speeding ticket)
Geico$2,340
State Farm$2,356
Nationwide$3,174
Allstate$3,215
Travelers$3,706
Mercury$3,854

Cheap car insurance in Florida for drivers with bad credit

State Farm is the cheapest car insurance in Florida for drivers with bad credit, among those surveyed by our experts. Compared to drivers with good credit, those in Florida with bad credit pay 74% more, on average. The good news is that you can still shave some money off your coverage costs if you compare car insurance companies. You'll see below that the difference among major insurers is nearly $2,618 for a full coverage policy for a driver with bad credit.

CompanyAverage annual rate (poor credit)
Geico$3,105
National General$3,769
Nationwide$3,942
State Farm$4,045
Mercury$4,660
Travelers$5,287

Best car insurance companies in Florida

There are several ways to determine which Florida car insurance companies are the best, and what's most important to you will determine which is best for you.

However, to help you narrow your choices, we've gathered the 2023 car insurance company ratings for Florida from J.D. Power. Scores are out of 1,000. Region average is 810.

CompanyJ.D. Power score (out of 1,000)
State Farm833
Allstate821
Automobile Club Group (AAA)813 
Geico812
The Hartford812
Progressive801
Travelers798
Liberty Mutual797
Auto-Owners782
Farmers777

The minimum required car insurance in Florida

Florida law requires all drivers to carry a minimum amount of insurance. Because Florida is a no-fault state, the minimums are:

  • $10,000 in personal injury protection (PIP)
  • $10,000 in property damage liability (PDL)

PIP car insurance in Florida

PIP is also called Florida no-fault insurance. PIP insurance will cover your medical expenses, lost wages, and other damages if you're in an accident, whether or not it's your fault, up to the limits of your policy.

PIP also covers:

  • Your children
  • Members of your household
  • Passengers who don't have their own PIP
  • PIP policyholders injured while riding on a bicycle and pedestrians

Property damage liability

Property damage liability covers damage you cause to other cars and others’ property. The coverage includes light posts, street signs, struck bicycles and more.

How much car insurance do you need?

Florida minimums are extremely low. If you’ve ever had to repair a newer-model vehicle or pay for a hospitalization, $10,000 doesn’t get you far. You’ll have to pay for any amount over the $10,000 limit out of pocket. For the best auto insurance in Florida, you should bump up coverage limits to ensure you have enough financial protection in case of a serious accident.

If you have a loan or lease on your car, you will also be required to carry both comprehensive and collision insurance.

Why is car insurance so expensive in Florida?

Florida car insurance prices are much higher than the national average. The cost of a policy for the average Florida driver is $2,560, nearly $1,000 more than the national average of $1,682.

Some of the reasons Florida car insurance is higher than average include:

  • The largest number of uninsured drivers in the country: Almost 27% of drivers in Florida don’t have car insurance. If you’re involved in an accident, you’ll have little recourse against an uninsured driver.
  • No-fault insurance laws. No-fault insurance can lead to more insurance payouts and raise rates for everyone.
  • Bad weather: Hurricanes and hail are a regular occurrence in Florida. Heavy rainfall and flooding are also hazards for drivers, causing frequent accidents. 
  • Demographics: Florida has a large population of senior drivers, who are statistically more likely to be involved in crashes. 
  • Traffic and tourists. Florida already has a large population and a lot of traffic. The many tourists who visit the state each year also contribute to traffic and can pose a risk on the roads since they don't know their way around.

Florida car insurance recommendations

While every driver's needs are individual, it's recommended that most drivers consider adding coverage above the state minimum. Some optional coverages you should include to make sure you have the best car insurance in Florida include:

Bodily injury liability

Bodily injury liability (BIL) pays for serious and permanent injury or death to others should you cause a crash. If you have BIL insurance, your insurance company will not only pay for injuries up to the limits of your policy but also provide legal representation should you get sued. 

Uninsured/underinsured motorist

Uninsured/underinsured motorist (UM/UIM) coverage will provide extra coverage if the other party doesn’t have car insurance or is underinsured. It’s not mandatory coverage, but when you consider that one in four drivers don’t have car insurance in Florida, it's a good idea to have it.

Full coverage

Buying comprehensive and collision coverage is known as full coverage. If you’ve financed your car and making payments, you’re probably required to have full coverage. If you don’t owe money on your vehicle, having full coverage is still a good idea.

Comprehensive insurance will cover your vehicle for things like fire, theft, vandalism, hitting an animal, a tree branch falling on your vehicle, or severe weather damage. Collision will pay to repair your vehicle if you are in a single-vehicle crash or if you're at fault in an accident.

How can you save on Florida auto insurance?

There are a few ways to cut the cost of your premiums and still have the best auto insurance Florida coverage. Here are five tips.

1. Take advantage of auto insurance discounts

The best car insurance companies in Florida have a variety of ways you can save on your coverage. You may even be able to take advantage of more than one. Some discounts include:

  • Payment discounts for prepayment, automatic payments and paperless billing
  • Safety and security vehicle equipment
  • Safe driver discounts for no claims or accidents
  • Occupational discounts for the military, educators, doctors and more

2. Bundle your insurance

If you also own a home or have renter’s insurance, bundling all your policies with one insurance company can net you a nice discount. It will be much easier to manage them, too.

3. Compare quotes from multiple companies

Before you sign up for coverage, get three to five quotes. The same type of coverage could vary in price from one insurance company to another.

4. Raise your deductible

The deductible is the amount you’ll pay when you file a claim before the insurance company pays the rest. Consider raising the deductible to lower your monthly insurance premiums. Just make sure you can afford the higher deductible in the future.

5. Take a driving safety course

Many insurance carriers will give you a significant discount on your car insurance if you complete an approved defensive driving or driver safety course. The best part is, the discount will apply for the next three years.

Other things Florida drivers should know

If you’re new to Florida, it’s also important to be aware of the state’s rules and requirements.

Make sure you’re properly insured

If you move to Florida from another state, ask your insurance agent if your company writes in Florida (most do) and to transfer your insurance to Florida. You can look up insurance companies licensed to do business in Florida at the company directory on the Florida Office of Insurance Regulation.

Have proof of insurance with you at all times

Your insurance company will issue you a Florida insurance I.D. card. Keep this card with you and present it to law enforcement when asked. If you don't carry a valid car insurance policy and you’re stopped by the police or involved in a crash, you could lose your driver's license. The state of Florida could suspend your license for up to three years or until you prove you have purchased coverage. Driver’s license reinstatement fees in Florida are:

  • $150 for the first offense
  • $250 for a second offense within three years
  • $500 for a third offense

Register your out-of-state vehicle when you move to Florida

You’ll need to trade in your out-of-state tags for a Florida one within 10 days of moving to Florida. To register your vehicle you'll need:

Auto insurance laws in Florida also apply to snowbirds

If you only live in Florida during the winter months, you need Florida registration and car insurance. If you leave your car in Florida while you head north, it still must be insured while you are away. Some car insurance companies in Florida provide seasonal coverage — be sure to ask your insurance carrier about it.

Discounts for drivers over 55

If you have a Florida driver's License and are 55 or older, you may complete a six-hour motor vehicle accident prevention course. You can take the course online. As long as the completed course is recognized by the Florida Department of Highway Safety and Motor Vehicles, you’ll be eligible to receive a discount on your automobile insurance, good for three years.

Florida's graduated licensing system for new drivers

Florida has graduated driver's licensing. You can apply for a learner's permit after you turn 15. You’ll need to pass:

  • Traffic law and substance abuse course
  • Written test
  • Hearing exam
  • Vision test

With a permit, you can drive as long as a licensed driver at least 21 years old is in the front passenger seat.

Once you're 16, you can earn an intermediate license and drive between the hours of 6 a.m. and 11 p.m. When you're 17, you can drive between 5 a.m. and 1 a.m. When you turn 18, all restrictions are removed.

Methodology

Insurance.com commissioned Florida insurance rates through Quadrant Data Services in 2022 from multiple companies. The driver profile is a 40-year-old male with a clean record, good credit and driving a 2021 Honda Accord LX.

Compare auto insurance rates by city in Florida

Auto insurance rates in your city can differ significantly from the state average due to factors such as population density, increased instances of auto theft or accidents, and a few other factors. It's best to compare quotes from various insurance providers to find the most competitive rates for your specific city in Florida.

CityAnnual insurance premium
Avon Park
$2,639
Clearwater
$3,007
Deland
$2,701
Miami
$3,345
Orlando
$2,835
Palm City
$2,706
Tampa
$3,131
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