Commercial Insurance Companies In Florida - To help you get the best cheap car insurance in Florida, our editorial team has compared quotes from the best auto insurance companies in all Florida zip codes. We've ranked Florida's best businesses based on customer service, complaints, convenience, and financial stability.
To find the best low-cost companies, we averaged quotes for minimum coverage, which meets Florida's state requirements of $10,000 in personal injury protection (PIP) coverage and $10,000 in property damage coverage. Quotes for full coverage policies include collision and comprehensive coverage as well as higher liability limits than state minimums.
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The average cost of auto insurance in Florida is $1,189 a year, or $99 a month, for minimum liability.
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Geico has the cheapest minimum coverage auto insurance in Florida. Geico's auto insurance costs $34 a month, which is 66% less than the average cost of coverage in Florida.
Florida drivers can also find cheaper quotes with State Farm, which was 51% lower than average Florida rates at $48 a month.
Geico also has the cheapest full coverage auto insurance in Florida, with quotes at $1,690 per year. That's 45% below the state average.
State Farm also has affordable comprehensive coverage at $1,698 a month, just $8 more a year than Geico. State Farm may offer cheaper rates than Geico if you want to bundle home or renters insurance because of State Farm's better bundling discounts.
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Liability-only policies meet Florida's minimum insurance requirements, which include $10,000 in personal injury protection (PIP) coverage and $10,000 in property damage liability per accident.
Comprehensive coverage policies include liability coverage and collision and comprehensive coverage, which covers repairs to your car from an automobile accident, hurricane or other accident. Full coverage auto insurance is a good idea to protect a new car or cars on loan or lease from any type of road hazards.
The cost of auto insurance in Florida is generally more expensive for drivers who have been in an accident or who have earned citations for DUI or traffic violations. Geico and State Farm were the cheapest auto insurance companies for high risk drivers in Florida.
State Farm has cheap auto insurance for people who get speeding tickets. On average, State Farm fares are 50% lower than the state average for ticket drivers.
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Geico also has economy rates for drivers with speeding tickets, although Geico's rates are $1,012 more expensive than State Farm's.
Geico's auto insurance costs $1,988 per year for drivers involved in an accident, which is 55% lower than the average. State Farm rates are 47% cheaper than average, at $2,329 per year.
State Farm and Geico offer affordable full coverage auto insurance to drivers involved in accidents. These are the only companies that offer monthly rates under $200 to drivers with accidents on their record.
Just one accident on your driving record can increase your rates by $1,448 a year, a 43% increase on average.
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In Florida, drivers who have received a DUI can find cheap auto insurance from Geico with an average quote of $2,994. Farmers is the second-most affordable option with an average annual rate of $3,161.
Florida allows insurers to set rates based on your credit history. Fortunately, drivers with poor credit can still find affordable coverage from State Farm or Geico. Both companies offer auto insurance rates that are 35% lower than average.
Geico has the cheapest comprehensive coverage quotes for senior drivers, averaging $117 a month for a 65-year-old driver in Florida. State Farm is also an affordable company, with an average rate of $131 a month for senior auto insurance in Florida.
You may see your auto insurance quotes go up because insurance companies are finding that some older drivers are more likely to get into accidents as their driving skills decline. To save on auto insurance as you age, you can save 10% to 20% per discount if you qualify for the mature driver discount, defensive driver discount, or low mileage discount.
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The cheapest full-coverage auto insurance for 18-year-old drivers comes from Geico. In Florida, Geico's rates are 66% cheaper than average for teenagers looking for full coverage auto insurance. Alternatively, State Farm also offers affordable coverage, at 46% less than average.
The cost of auto insurance for teenage drivers is very expensive. For these drivers, the average cost of full coverage is $8,772, which is more than two and a half times the average cost for 30-year-old drivers. However, teenagers can still find affordable car insurance in Florida by comparing rates from several companies.
Young drivers with speeding tickets can get affordable minimum liability auto insurance from Geico, which costs $2,532 per year, 72 percent less than the average.
On average, Geico is the cheapest insurance company for teenage drivers involved in accidents, at $1,068 annually. That's 64% lower than the average for minimum liability coverage.
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At-fault accidents drive up the cost of auto insurance, which puts an even greater burden on teenage drivers whose premiums are already very expensive.
It is common for married drivers to get cheaper auto insurance rates than single drivers. In Florida, auto insurance for married drivers is 5% cheaper than rates for single drivers. However, this discount is not the same for all companies. Progressive's fares, for example, dropped by $792 per year for married drivers, while State Farm's fares remained unchanged.
State Farm is our pick for Best Insurance Company in Florida based on Editors' Choice Sterling Ratings. We have J.D. We also noted excellent customer service ratings in the Co Auto Insurance Claims Satisfaction Survey. strength
Geico is another strong option when purchasing a policy, along with some of the cheapest rates in the state.
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Customer service should be a major part of your decision with an insurer. Good service makes things easier during the often stressful and difficult time after an accident.
The cost of auto insurance in Florida is $2,962 a year or $247 a month for a full coverage policy. Location, along with other personal characteristics, can change the specific cost.
Santa Rosa Beach is the cheapest city in Florida for auto insurance, with an annual average of $2,122. Brownsville, outside of Miami, is the most expensive city, at $4,291.
Similarly, the cheapest zip code for auto insurance in Florida is 32459, in Santa Rosa Beach. Drivers in the 33127 Miami area code have the most expensive auto insurance rates, at $4,313 per year.
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Florida's required minimum auto insurance coverage limit, based on Florida Insurance Bureau regulations and state requirements for motor vehicles, includes only $10,000 per accident of PIP and property damage liability.
Personal injury liability and uninsured motorist coverage are standard and recommended on your policy, but you can decline them in writing. The minimum limits you can get for both are $10,000 per person or $20,000 per event.
While you may meet Florida's minimum auto insurance requirements, this may not be the right policy for you. We recommend that most drivers consider choosing higher coverage limits.
If you are involved in a costly accident, your minimum coverage may not be enough to fully cover the damage, and you may have to pay out of pocket.
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This is true whether you are a college student at the University of Central Florida on a budget, a new driver starting out in Tallahassee, or a retired senior in South Florida.
Florida is a no-fault state, which means that insurers are required to provide coverage to drivers regardless of who is responsible for the accident. Florida motor vehicle no-fault laws help ensure drivers receive proper medical care and some degree of financial protection.
For this reason, Florida drivers should carry PIP and PDL as part of their auto insurance policy.
Although Florida's no-fault laws require drivers to carry personal injury insurance, at-fault drivers can still be sued for serious bodily injury or death. For this reason, it is often recommended that you carry Personal Injury Liability (BIL) coverage to provide additional protection against such issues.
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If you caused an accident that caused bodily injury to another person or were found to be driving under the influence, you will be required to maintain additional types of coverage and higher coverage limits under the Florida Financial Liability Law, known as SR-22 or FR. -44 insurance.
For accidents resulting in any degree of personal injury or death, drivers are required to submit SR-22 insurance, often called a Certificate of Financial Responsibility. In addition to Florida's no-fault requirements, SR-22 insurance requires:
These covers will pay for personal injuries to other drivers or passengers who are involved in an accident.
Florida residents convicted of driving under the influence of alcohol or drugs (DUI) are required to meet FR-44 insurance standards. FR-44 coverage requirements are significantly higher than minimum no-fail coverages or SR-22 certifications. Specifically, FR-44 insurance requires:
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Geico is the cheapest auto insurance for most people in Florida. Geico offers the lowest rates for liability-only policies and comprehensive coverage for young and older drivers.
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