Cheapest Car Insurance in Florida in 2022 | Bankrate

According to Bankrate ’ s analysis of pace data, the median cost of car insurance in Florida is higher than it is in many early states. The average cost of minimal coverage car indemnity in Florida is $ 997 per class, and full moon coverage costs, on average, $ 2,762 per year. This means that Florida ’ mho average cost of cable car indemnity is well above the national average cost of car insurance, which is $ 1,771 per class for fully coverage and $ 545 per year for minimum coverage indemnity. The higher average rates in Florida are probably ascribable to a number of factors, such as a high issue of drivers on the road and upwind events such as hurricanes and deluge. With the express ’ s high average rates, Florida drivers may be looking for the cheapest car insurance companies in Florida. To determine which companies offer the cheapest rates in Florida, Bankrate analyzed rate data from Quadrant Information services for dozens of providers, and besides weighed third-party customer service and fiscal strength ratings for each company. What we found was that Allstate, Geico and State Farm offer some of the most low-cost rates in this state, and there are respective options for drivers looking for brassy car indemnity companies in Florida.

The cheapest car insurance companies in Florida

Bankrate ’ s indemnity editorial team obtained current premiums from Quadrant Information Services to help you find the cheapest car insurance in the Sunshine State. In addition to average premium data, we besides reviewed each insurance company ’ s fiscal military capability ratings and customer satisfaction scores. These companies provide cheap average rates to Florida drivers, but besides offer highly-rated customer service according to J.D. Power and solid fiscal intensity according to AM Best. Through our meticulous inquiry, we have identified some of the cheapest car insurance companies in Florida .

The cheapest companies for minimum coverage in Florida

Allstate and Geico offer some of the cheapest average minimum coverage premiums in Florida, according to our analysis. Minimum coverage cable car policy tends to be cheaper than full coverage ascribable to its lower levels of fiscal protection. many policy professionals recommend that you purchase higher limits if you can afford to, as minimal coverage limits are probably to leave you with more out-of-pocket expenses. These are some of the cheapest companies for state of matter minimum limits in Florida :

Car insurance company Average annual minimum coverage premium Average monthly minimum coverage premium
Allstate $659 $54.92
Geico $684 $57
State Farm $754 $62.83
MetLife $1,150 $95.83
Progressive $1,287 $107.25

The cheapest companies for full coverage in Florida

Our psychoanalysis of premium rate data reveals that State Farm and Geico besides take the peak spots for the cheapest full coverage in Florida. Full coverage car policy means you are adding comprehensive coverage and collision coverage, which provide fiscal auspices for price to your vehicle. If you are looking for wax coverage car policy on a budget, you may want to consider these carriers :

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Car insurance company Average annual full coverage premium Average monthly full coverage premium
State Farm $2,055 $171.25
Geico $2,103 $175.25
Allstate $2,784 $232
Progressive $2,986 $248.83
MetLife $3,218 $268.17

Events that can impact your cheap rates in Florida

Life changes quickly, and when it does, your car indemnity needs may change american samoa well. life events can present an opportunity to shop for car indemnity with different carriers to make surely your company and coverage types still fit your needs. You may want to consider shopping for a cheaper policy if you have recently :

  • Added a teen driver: Teen drivers are considered high-risk drivers due to their inexperience behind the wheel. Because of this, insurers tend to charge higher premiums for teen drivers. If you have a young driver on your policy, you may want to get quotes from multiple companies and take advantage of teen driver discounts, like a good student discount, to offset your premium increase.
  • Received a speeding ticket: Speeding can increase the risk of causing an accident and make accidents more severe. Because of this, you could see an increase in your car insurance premium. But because each insurer approaches rating differently, shopping your coverage could help you find a company that does not penalize you as heavily for your ticket.
  • Involved in an at-fault accident: At-fault accidents tend to increase your insurance rates for three to five years. But just like with speeding tickets, not all companies rate at-fault accidents in the same way, and you may be able to find a company that offers lower rates even with your accident.
  • Deemed a high-risk driver: Numerous scenarios can cause insurance companies to give you a high-risk driver profile, including having multiple accidents or tickets, a lapse in coverage or a DUI conviction. While high-risk drivers may have limited options for car insurance, you could still shop around and take advantage of discounts to lower your premium. You could even consider switching to owning a cheaper vehicle.

Cheapest cities in Florida for minimum coverage

Your geographic localization has a significant impingement on your bounty, even within a country. person cities often have different rates based on the risk factors in that area. even your ZIP code can change your premium. Your area ’ s likelihood of accidents, the cost of checkup concern in your sphere and the population density can all impact premiums. Urban areas like Jacksonville and Miami tend to have higher premiums ascribable to crowded roads and a higher cost of exist. Based on our inquiry, the cheapest cities for minimal coverage in Florida are :

City Average annual minimum coverage premium Average monthly minimum coverage premium
Marianna $598 $49.83
Malone $599 $49.92
Greenwood $599 $49.92
Ponce de Leon $620 $51.66

Cheapest cities in Florida for full coverage

localization can besides impact full moon coverage premiums. Like with minimum coverage, more densely populate areas or areas with heavy tourism, like Tampa, generally have higher premiums. But because full coverage includes coverage for wrong to your vehicle, more factors affect the price you pay. The incidence of vehicle larceny, damaging weather events and the cost of parts and labor for vehicle repairs could increase your full coverage premium. If you live in one of these four cities, you may pay less for full moon coverage than other areas of Florida :

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City Average annual full coverage premium Average monthly full coverage premium
Alachua $1,953 $162.75
Santa Rosa Beach $1,962 $163.50
Freeport $1,965 $163.75
Defuniak Springs $1,978 $164.80

Minimum coverage requirements for Florida drivers

Like most states, drivers in Florida have to carry at least a minimal sum of coverage to drive legally. Because Florida is a no-fault country, these include :

  • $10,000 personal injury protection (PIP)
  • $10,000 property damage liability per accident

Bodily injury liability, which is a ask coverage in most states, is not required in Florida. however, Florida drivers must prove their ability to pay for damages they cause in an accident. While you can do this without purchasing bodily injury coverage — you could post a security alliance, for model, if your net worth is high enough to qualify — insurance is by and large the easiest way to satisfy this “ fiscal duty law. ” The minimum requirements for bodily injury coverage, if you choose to purchase insurance, are :

  • $10,000 bodily injury liability per person
  • $20,000 bodily injury liability per accident

Florida insurance companies must besides offer you uninsured motorist coverage, but you can decline this coverage in writing. This coverage choice gives you fiscal protection in case you are hit by uninsured drivers. Although minimum coverage frequently results in lower premiums, most insurance agents recommend that you purchase higher limits to obtain greater fiscal protection. additionally, minimum coverage does not include comprehensive examination coverage or collision coverage, which pays for damages to your vehicle. Policies with these coverage options are much referred to as “ wax coverage ” policies. If you finance or lease your fomite, your fiscal initiation will likely require you to carry entire coverage .

Here is how to find (and keep) cheap car insurance in Florida

due to the Sunshine State ’ s high average premiums, finding low-cost rates could be a priority for many drivers. however, once you ’ ve found a brassy car insurance policy, keeping your rates broken is another matter wholly. here are some tips to find and keep brassy car insurance in Florida :

  • Understand your needs: Different drivers and households have different insurance needs. Assessing your individual needs and wants could help you find a few insurance providers that fit your unique situation. You can then compare a few quotes to find the best price for the coverage you need.
  • Drive safely: Drivers with clean driving records and safe driving habits often avoid the surcharges that come with at-fault accident claims and tickets. Driving safely could also mean you qualify for safe-driver or claims-free discounts, which could save you even more money.
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Frequently asked questions

    • The best car insurance company in Florida will differ for each driver, and the party that ’ s best for you will likely depend on numerous factors, like the type of coverage you need, the vehicle you drive, your driving history, and any discounts you qualify for. Each of these factors can have an impingement on what companies fit your needs and the monetary value of your premiums. You may besides find it useful to weigh other factors, like whether a caller has a highly rated mobile app or the cheapest coverage, to determine what companies are best for you .
    • Florida requires all drivers to meet the “ fiscal duty law ” criteria. What this means is that most drivers must carry at least the needed state minimum car indemnity policy in order to legally drive in Florida. Driving without indemnity in Florida could lead to a numeral of different consequences, which could include fines, abeyance of your driver ’ south license or paying out-of-pocket costs if you are found to be at fault in an accident .
    • While the average rate for car indemnity in Florida is well above the national average, it may still be potential to find low-cost car policy in this state. Shopping about and comparing personalized quotes from multiple providers is often a bang-up way to find cheap coverage for you. By gathering and comparing personalized quotes, it may be possible to find the best coverage options for the cheapest rates for you. It may besides be helpful to work with a accredited indemnity agent in ordering to tailor a policy to your coverage and budget needs .

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, dear credit rating and the following broad coverage limits :

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each express ’ s requirements. Our base profile drivers own a 2020 Toyota Camry, commute five days a week and drive 12,000 miles per annum. These are sample rates and should entirely be used for relative purposes .

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