The best cheap car insurance in Florida

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Florida is the third-most-expensive state for car insurance, with an average annual premium of $1,356.90.
USAA, State Farm, and GEICO generally offer Floridians the best cheap auto insurance.
Shop around and compare coverage limits and deductible requirements to get the best rate.
Check out our partner Savvy – a free tool that lets you compare car insurance quotes in minutes »

The Insurance Information Institute (III) ranks Florida rates as the third-most expensive in the US for car insurance. Floridians will spend $1,356.90 each year on premiums, the Institute found. One factor that makes insurance premiums high in Florida is that Florida has the second-highest number of uninsured drivers in the US, according to the Federal Insurance Office.

Car insurance companies consider your location, age, gender, and driving record to calculate rates. Other factors like credit score, marital status, vehicle type, previous coverage, and miles driven can all play a role in the amount you’ll pay for coverage.

The cheapest doesn’t mean it is the best insurance for your needs. Technically, the cheapest insurance is most likely minimum coverage. However, is minimum coverage the best option for your needs? What good is cheap insurance if the customer service is lacking when you need to file a claim?

Minimum car liability insurance requirements in Florida

Liability coverage is required by law. If you’re involved in an accident, liability insurance covers damage you cause to the other vehicle, driver, and its passengers. If you finance or lease your car, your lender probably requires comprehensive and collision coverage.

The two main components of liability insurance are bodily injury and property damage, which most states require. Liability insurance also includes uninsured motorist and underinsured motorist coverage, to protect you when an at-fault driver hits you and they have no coverage, or not enough coverage.

Florida has the second-most uninsured drivers in the US – 23.8% of Florida residents driving without insurance, according to the Federal Insurance Office. This drives prices up for everyone.

Florida requires property and personal coverage, according to the Insurance Information Institute. Florida’s minimum liability requirements are 10/20/10, which means up to $10,000 of injury protection for each person involved in an accident, up to $20,000 worth of injuries per incident, and up to $10,000 of property damages per incident.

Types of liability coverageDefinitionBodily injury (BI)Injury you cause to others, includes medical expenses, lost wages, and funeral expensesProperty damage (PD)Damage you cause to others’ vehicle or propertyUninsured motorist (UM)Protects you when an at-fault driver hits you with no insuranceUnderinsured motorist (UIM)Protects you when an at-fault driver hits you with not enough coverage

The best cheap car insurance in Florida based on credit score

Florida residents have lots of companies to choose from when it comes to cheap auto insurance. However, every company and every person will get different rates based on those factors we looked at above.

Excellent (FICO 800+)Very Good (FICO 740-799)Good (FICO 670-739)Poor (FICO 300-579)USAA: $756 per yearState Farm: $1,659 per yearHanover: $1,828 per yearGEICO: $1,838 per yearUSAA: $866 per yearState Farm: $1,811 per yearGEICO: $2,026 per yearAllied: $2,047 per yearUSAA: $1,030 per yearState Farm: $1,986 per yearAllied: $2,192 per yearGEICO: $2,276 per year

USAA: $2,887 per yearState Farm: $3,027 per yearGEICO: $3,831 per yearAllstate: $4,103 per year

Based on The Zebra data

The best cheap car insurance in Florida if you have an accident or DUI

According to The Zebra, “After an accident, policyholders can expect an insurance premium increase of almost 50%.” The Zebra said, “In Florida, a DUI will lift your annual car insurance premium by an average of $1,085.” Data from The Zebra gives average rates in Florida with a DUI.

State Farm Mutual car insurance: $1,830 per yearProgressive car insurance: $3,613 per yearGEICO car insurance: $3,632 per year

Average premiums for seniors and teen drivers in Florida

The table below shows the average senior and teen drivers can expect to pay in Florida. Because teen drivers are new drivers with little driving history and more prone to accidents, their rates are high. Most insurance companies offer discounts to teen drivers for good grades or taking driving safety classes.

Senior drivers typically see an uptick in car insurance premiums as they age, but not as much of an increase as new or teen drivers. If you’re still driving in your 60s and 70s, there are ways to negotiate cheaper auto insurance rates, like pay-per-mile usage.

Average premium for seniors Average premium for teens$1,567 per year$3,402 per year

Data provided by Goosehead Insurance

The best car insurance companies in Florida based on customer satisfaction

Customer satisfaction with car insurance providers may factor into your decision. According to J.D. Power, a consumer research company that surveys customers, these are the top providers based on customer rankings:

AllstateGEICOAutomobile Club GroupLiberty MutualRegion AverageProgressiveEsuranceState FarmThe HartfordAuto-Owners InsuranceMetLifeTravelersSafeco

Florida car insurance rates by metro area

Below is the estimated average annual premium of auto insurance policies per household in Florida’s metro areas.

Metro AreaAverage Annual Car Insurance PremiumMiami-Fort Lauderdale-Pompano Beach, FL$1,388Tampa-St. Petersburg-Clearwater, FL$,1371Orlando-Kissimmee-Sanford, FL$1,400Jacksonville, FL$1,408North Port-Sarasota-Bradenton, FL$1,379Cape Coral-Fort Myers, FL$1,363Lakeland-Winter Haven, FL$1,333Deltona-Daytona Beach-Ormond Beach, FL$1,322Palm Bay-Melbourne-Titusville, FL$1,371Pensacola-Ferry Pass-Brent, FL$1,373Port St. Lucie, FL$1,329Tallahassee, FL$1,363Naples-Marco Island, FL$1,419Ocala, FL$1,270Gainesville, FL$1,306Crestview-Fort Walton Beach-Destin, FL$1,410Punta Gorda, FL$1,296Panama City, FL$1,343Sebastian-Vero Beach, FL$1,339Homosassa Springs, FL$1,214The Villages, FL$1,250Sebring-Avon Park, FL$1,199Key West, FL$1,429Palatka, FL$1,259Lake City, FL$1,283Okeechobee, FL$1,242Clewiston, FL$1,261Arcadia, FL$1,219Wauchula, FL$1,253

The above data was obtained from S&P Global Market Intelligence.

The most popular car insurance companies in Florida based on market share

The following are the most popular car insurance companies in Florida based on the percentage of people who purchased insurance from them:

CompanyMarket Share (%)GEICO28.58Progressive20.24State Farm12.51Allstate8.36USAA*6.23Kemper2.63National General2.45Liberty Mutual2.31Farmers Insurance1.8Travelers1.61

*USAA is only for active military, veterans, and their families.

The above data was obtained from S&P Global Market Intelligence.

Who gets the best cheap car insurance in Florida?

People with excellent credit scores who live in less-trafficked rural areas tend to get the best rates.

The amount of coverage you choose will also influence the premium. Policies with greater coverage have bigger premiums, and the cheapest insurance policy isn’t always the best. Cheaper policies tend to carry larger deductibles, or higher amounts that you’ll pay out of pocket if you get into an accident. When you get your policy quote, look at the deductible, and the limits that come with each liability type. The best policy is usually the one with the highest limits and fits your budget.

Many personal factors influence prices. The car you drive, your driving record, age, gender, and even your marital and homeowner status can greatly affect premiums. Each company will price your premium differently based on these factors. Shop around and get insurance quotes from several companies to be sure you’re getting the best price.

Related Content Module: Best Auto Insurance by State

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