What Is The Cheapest Car Insurance Company - To help you get the best cheap auto insurance in Florida, our editorial team compares quotes for the top auto insurance companies in every zip code in Florida. We rank the best Florida companies based on customer service, complaints, affordability and financial stability.
To find the best low-cost companies, we averaged prices for minimum coverage, which meets the Florida state requirement of $10,000 in personal injury protection (PIP) coverage and $10,000 in property damage coverage. A quote for a comprehensive coverage policy includes collision and comprehensive coverage plus liability limits higher than state minimums.
What Is The Cheapest Car Insurance Company
The average cost of auto insurance in Florida is $1,189 per year, or $99 per month, for minimum liability.
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Geico has the lowest minimum auto insurance in Florida. Car insurance from Geico costs $34 per month, which is 66% less than the average cost of coverage in Florida.
Florida drivers can also find cheaper deals with State Farm, which are 51% lower than the Florida average at $48 per month.
Geico also has the cheapest comprehensive auto insurance in Florida, priced at $1,690 per year. This is 45% lower than the national average.
State Farm also has comprehensive coverage for less than $1,698 per month, which is only $8 more per year than Geico. State Farm can offer lower rates than Geico if you want to bundle home or renters insurance because of State Farm's better bundled discounts.
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Liability policies meet Florida's minimum insurance requirements, which include $10,000 in personal injury protection (PIP) coverage and $10,000 in property damage liability coverage per accident.
Comprehensive coverage policies include liability coverage plus collision and comprehensive coverage, which covers car repairs from car accidents, storms or other accidents. Comprehensive car insurance coverage is a great idea to protect your car or your newer loaner or lease car from various road hazards.
Florida car insurance costs are usually more expensive for drivers who have been in an accident or who have been cited for a DUI or traffic violation. Geico and State Farm are the cheapest auto insurance companies in Florida for high risk drivers.
State Farm has the cheapest auto insurance for people who get speeding tickets. On average, State Farm's rates are 50% lower than the national average for ticketed drivers.
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Geico also has lower rates for drivers with speeding tickets — although Geico's rate is $1,012 more expensive than State Farm's.
The cost of car insurance from Geico for drivers involved in accidents is $1,988 per year, which is 55% lower than the average. State Farm's rates are 47% lower than average, at $2,329 per year.
State Farm and Geico offer the cheapest auto insurance for drivers involved in accidents. They are the only company that offers monthly rates under $200 for drivers with accidents on their records.
Just one accident on your driving record can increase your rates by $1,448 per year - a 43% increase from the average.
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In Florida, DUI drivers can find the cheapest auto insurance from Geico, with an average price of $2,994. Farmers is the second most affordable option, with an annual average of $3,161.
Florida allows insurance companies to set interest rates based on your credit history. Fortunately, drivers with bad credit can still find cheap coverage from State Farm or Geico. Both companies offer car insurance rates that are 35% lower than average.
Geico has the lowest comprehensive coverage prices for older drivers, averaging $117 per month for 65-year-old drivers in Florida. State Farm is also an affordable company, with an average rate of $131 per month for senior auto insurance in Florida.
You may see your car insurance rates rise as you get older, as insurance companies find that some older drivers are more likely to get into accidents as their driving skills decline. To save money on car insurance as you get older, you can get savings of 10% to 20% per discount if you have a mature driver discount, defensive driver discount or low mileage discount.
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The cheapest comprehensive car insurance for 18 year old drivers comes from Geico. In Florida, Geico rates are 66% lower than average for teenagers looking for comprehensive auto insurance coverage. Alternatively, State Farm also offers low-cost coverage, 46% less than average.
Car insurance costs for teenage drivers are more expensive. For these drivers, the average cost of full coverage is $8,772 — more than two and a half times the average cost for a 30-year-old driver. However, teenagers can still find affordable Florida auto insurance by comparing rates from multiple companies.
New drivers with speeding tickets can get affordable minimum liability auto insurance from Geico, which costs $2,532 per year – 72% less than the average.
On average, Geico is the cheapest insurance company for teenage drivers involved in accidents at $1,068 per year. This is 64% lower than the average for minimum liability coverage.
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At-fault accidents drive up the cost of car insurance, which puts a greater burden on teenage drivers whose premiums are already more expensive.
It is common for married drivers to get lower car insurance rates than single drivers. In Florida, car insurance for married drivers tends to cost 5% less than rates for single drivers. However, this discount is not the same for all companies. Progressive rates, for example, dropped by $792 a year for married drivers, while State Farm stayed the same.
State Farm is our pick for the top insurance companies in Florida based on sterling ratings from our editors. We also consider your strong ratings for customer service in the JD Power Auto Insurance Claims Satisfaction Survey.
Geico is another strong choice because of the convenient online experience when purchasing a policy, along with some of the lowest prices in the country.
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Customer service should be an important part of your decision with an insurer. Good service makes things go more smoothly in what can often be a stressful and difficult time after an accident.
The cost of auto insurance in Florida is $2,962 per year for a full coverage policy or $247 per month. Location, along with other personal characteristics, can change your typical cost.
Santa Rosa Beach is the cheapest city for car insurance in Florida, averaging $2,122 per year. Brownsville, outside Miami, is the most expensive city, at $4,291.
Also, the cheapest zip code in Florida for car insurance is 32459, in Santa Rosa Beach. Drivers in the Miami area code 33127 have the most expensive car insurance rates, at $4,313 per year.
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Florida's minimum required auto insurance limits, per Florida Bureau of Insurance Regulations and state motor vehicle requirements, only include $10,000 per accident PIP and property damage liability.
Bodily liability and uninsured motorist coverage are basic and recommended with your policy, but you can opt out in writing. The minimum limit you can get is $10,000 per person or $20,000 per accident.
Even if you meet Florida's minimum car insurance requirements, it may not be the best policy for your needs. We recommend that many drivers consider opting for higher coverage limits.
If you are in an expensive accident, your minimum coverage may not be enough to cover the damages and you will have to pay out of pocket.
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This is true whether you're a University of Central Florida student on a budget, a new driver starting in Tallahassee, or a retired senior in South Florida.
Florida is a no-fault state, which means insurance companies must provide coverage to drivers regardless of who is at fault in an accident. Florida's no-fault motor vehicle law helps ensure that drivers receive proper medical care and some financial protection.
Therefore, Florida drivers must carry PIP and PDL as part of their auto insurance policy.
Although Florida no-fault laws require drivers to carry personal injury coverage, at-fault drivers can still be sued in the event of serious bodily injury or death. Therefore, personal injury liability (BIL) coverage is often recommended to provide additional protection against these lawsuits.
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If you cause an accident that causes bodily injury to another person, or if you are found to be driving under the influence, you will be required to carry additional types of coverage and higher coverage limits under the Florida Financial Responsibility Act, called SR-22 or FR Insurance -44.
For accidents that result in bodily injury or death, drivers will need to submit SR-22 insurance, often referred to as a certificate of financial responsibility. In addition to Florida's no-fault requirements, SR-22 insurance requires:
This coverage will pay for bodily injuries to the driver or other passengers involved in the accident caused.
Florida residents convicted of driving under the influence of alcohol or drugs must meet FR-44 insurance standards. FR-44 coverage requirements are higher than minimum no-fault coverage or SR-22 certification. Specifically, FR-44 insurance requires:
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Geico has the cheapest auto insurance in Florida for most people. Geico offers the lowest prices on liability policies and comprehensive coverage for drivers young and old.
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