Cheap Florida Auto Insurance Companies - The cheapest auto insurance companies in Florida are Geico, State Farm and Travelers. Drivers in Florida can save hundreds of dollars or more each year on auto insurance by simply browsing and comparing prices.
Auto insurance in Florida isn't cheap. In fact, Florida was the 36th most expensive state for auto insurance in our National Low-Cost Auto Insurance Survey. One of the main reasons for this is that Florida has the highest percentage of uninsured drivers at 27%. Uninsured motorist claims are worth billions of dollars a year, and insurers bear the brunt of these costs and then pass them on to consumers in the form of higher rates.
Cheap Florida Auto Insurance Companies
Comparing auto insurance options is especially important in Florida, where rates can be very high. Also, some companies charge much more than others for the exact same coverage. In Florida, the average difference between the highest and lowest coverage prices is more than $1,500. This shows how much Florida residents can save by shopping.
Auto Insurance Rates Increases In Florida (2022)
To help, we analyzed quotes from all major insurance companies using multiple driver profiles and state zip codes to find the cheapest auto insurance companies in Florida.
Geico offers the cheapest auto insurance for most of the great drivers in Florida. Drivers who never had an accident or received a ticket were considered good drivers by insurance companies and paid less in insurance premiums than drivers with a poor record. In addition to low rates, good drivers can often get additional discounts from their insurance company.
Full coverage refers to policies that exceed state minimum requirements. Because full coverage protects you in more situations, it costs more than the minimum.
Insurance rates for most drivers go up 3-5 years after a speeding ticket. It's important to remember that every insurance company calculates rates differently, so you should always get multiple quotes to ensure you're getting the best deal.
How Long Does A Ticket Impact Car Insurance Rates?
A breakdown accident will usually have a negative impact on your insurance for 3-5 years because the insurance company will consider you a high risk. Since your rates are higher, it's more important to compare stores.
Low credit scores often mark drivers as riskier, which is why insurance companies typically charge them more for insurance. But bad credit affects one company more than another because insurance companies use different formulas to calculate premiums. Since each insurance company treats loans differently, it's useful to compare quotes.
Because younger drivers have less driving experience, insurance companies tend to charge them more than more experienced drivers. On average, most drivers will see their rates drop with age, dropping significantly by age 25. The Cheapest Auto Insurance for Premium Drivers in Florida
While older drivers pay less for car insurance than teens, older drivers are starting to see their insurance premiums rise as they age. Comparing car insurance rates can save older drivers hundreds of dollars a year.
How Much Does Car Insurance Cost On Average?
Geico is the cheapest auto insurance company in Florida, charging an average monthly premium of $84. In addition to low rates, drivers may be eligible for various discounts, depending on their policy, good driving, and vehicle safety.
State Farm's insurance costs are slightly higher than some competitors, averaging $130 a month. But it's still a great option for drivers looking for multiple types of insurance and a range of discounted options.
Travelers may be a good option for drivers who need affordable insurance, as policies cost an average of $150 per month. While it's not as cheap as some of its competitors, it's still a solid option.
The cheapest auto insurance company in Florida is Geico, with the state's lowest insurance cost averaging $84 per month. In addition to being the cheapest auto insurance company for Florida residents, it's also the cheapest option in many specific categories, such as comprehensive coverage and coverage for good drivers.
How Much Is Car Insurance? Average Costs, November 2022
6 Tips for Getting Cheap Auto Insurance in Florida 1. Compare quotes from national and regional insurance companies.
Be sure to include your local insurance company when looking for cheap auto insurance. In Florida, regional insurers may have lower rates than national companies and have comparable customer satisfaction ratings. 2. Understand the factors that affect insurance in Florida.
Everyone knows that your driving habits and claims history can affect how much you pay for auto insurance. But in Florida, companies take into account your credit history, marital status, annual mileage, and even factors beyond your control, such as age and gender, when setting insurance premiums. 3. Choose the coverage that suits you
If you are at fault in an accident in Florida, you need liability insurance to pay the other driver for damages. On the other hand, collision and full coverage are optional and may not be necessary if you own an older vehicle. Usage-based coverage may be better than standard policies for low-mileage drivers, and it's also cheaper to use higher deductibles or lower coverage. Don't skimp on the coverage you need, but choose wisely. That way, you won't end up paying more for auto insurance than you need. 4. Live in a cheap zip code
Titan Insurance Company
Auto insurance prices can vary widely based on Florida ZIP code. On average, drivers in Florida's most expensive neighborhoods spend more than $1,600 a year on auto insurance than drivers living in the cheapest neighborhoods. 5. Search for discounts
The best auto insurance companies in Florida offer a variety of discounts, so just about anyone can find a way to save. You can get discounts if you are a student, veteran, good driver, homeowner, paperless, etc.
If your insurance expires, you'll see higher rates even if you don't own a car. Florida drivers without permanent insurance pay an average of 11% more than drivers with five or more years of insurance.
The Florida low-cost auto insurer analysis is based on data from the Florida DMV and Quadrant Information Services. Along with this data, the characteristics listed below were used to create 40 different driver profiles designed to identify the cheapest auto insurance companies for Florida drivers in a key set of categories. For each profile, compare quotes from Florida's leading auto insurers for average premiums from 60 zip codes representing at least 20% of Florida's population. Due to eligibility restrictions, military companies like USAA are only considered for the military category. In some cases, they may still be the best option for the right driver.
Cheapest Auto Insurance Quotes In Lakeland, Florida
In the table below, you can see all profile characteristics used in the analysis, as well as the specific subset of characteristics that make up our good driver profiles.
Cleared, 1 speeding ticket, 1 negligent accident, 1 DUI, suspended license, unboxing, running a red light, reckless driving, 1 accident no fault
If no driver profile is listed, the above variables are used to average Florida insurance quotes across 40 different driver profiles. Quote information is provided by Quadrant Information Services and is representative. Individual rates will vary.
Finding the cheapest auto insurance in Florida can be tricky. But the knowledgeable community is all around you. Other consumers have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content policies.
Lee Reed Insurance
The minimum cost of coverage for Florida auto insurance averages $103 per month, while full coverage costs $284 per month. The cheapest insurance companies in Florida are Geico, State Farm, and Travelers, and getting quotes from multiple companies can help you find the best price.
The average cost of auto insurance in Florida is 71% higher than the national average, and Florida ranks 47th out of 50 for the most affordable auto insurance rates in the United States. Several factors affect the amount you pay. Auto insurance in Florida, including your driving history, age, location, the amount of coverage you purchased, and the insurance company you purchased.
Finally, it's worth noting that auto insurance premiums in Florida are average compared to the cost of insurance in neighboring states like South Carolina and Georgia. You can find more details in the table below.
Drivers in Florida can find cheap auto insurance with "no deposit" or "no down payment," but that means you only need to pay your first month's premium to get coverage. You can't get auto insurance in Florida without paying up front. But you can minimize your insurance costs in Florida, which has the 47th cheapest auto insurance rates in the country. The average monthly premium in Florida is about $284 per month with full coverage, with a minimum state premium of about $103. Drivers in Florida must prepay about the same amount each month to keep their auto insurance policy in effect.
Best Cheapest Car Insurance Rates In Tampa, Florida
The biggest downside to paying monthly for auto insurance is that it's almost always more expensive than paying.
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