Note from the editor: Perhaps you are looking for car insurance for your first time, or you want to shop for insurance to lower your monthly premium. This article is a good starting point to your research on car insurance. There are many factors that affect the cost of car insurance. While you might not […]
Note from the editor: Perhaps you are looking for car insurance for your first time, or you want to shop for insurance to lower your monthly premium. This article is a good starting point to your research on car insurance. There are many factors that affect the cost of car insurance. While you might not be able to see exact premiums, they will give you an idea about the best rates available in your area.
There are two amazing things you can do in Florida: drive through the Everglades and take a road trip along the Atlantic Coast. If you are paying too much for car insurance, you will have less money for your next adventure.
We compared the estimated insurance rates of different insurance companies to calculate the average cost for car insurance in Florida. Also, we calculated the cheapest estimates on basic coverage for a variety of driver profiles.
We used a neutral driver profile to calculate our figures, unless otherwise stated. Our Florida driver is a neutral driver. He has no accidents, claims or tickets and owns a car that costs between $20,000 to $30,000. This allows us to easily compare rates across different insurers. (See our complete methodology for more information). Your rates could be different depending on your driving record and other factors such as your vehicle type, age and coverage options.
Continue reading to find out about Florida’s average car-insurance rates. We also reveal our findings regarding the most affordable basic coverage options.
Florida car insurance for cheap
The average monthly premium for Florida car insurance is just over $50. It can go up to almost $250 depending on what type of coverage you choose and who your driver profile is.
Monthly average auto insurance premiums for Florida
Driver and coverage |
Avg. Monthly cost |
|---|---|
| Florida offers full-coverage auto insurance | $249.42 |
| Florida’s minimum state-minimum auto insurance | $60.28 |
| Florida drivers with bad credit | $50.83 |
| Multiple claims drivers in Florida | $116.01 |
| Young drivers in Florida | $82.85 |
Based upon our standard driver profile, minimum coverage, unless noted
Florida’s cheapest car insurance companies
Based on our Florida driver profile, these are the five lowest-cost auto insurance companies for minimal coverage in Florida. This Florida driver has a credit score of 680 to 719, a car that is worth $20,000-$30,000, and a clean driving record. (See full methodology for more details).
We also examined the best car insurance for drivers with different credit scores, coverage options, and other characteristics.
1. Allied
A Florida driver profile could get basic car insurance from Allied starting at $34.33 per monthly. Nationwide owns Allied and sells custom insurance through independent agents. Allied provides additional coverage benefits, including property damage, medical expenses, roadside assistance, and loss of income.
2. Mercury
Mercury Insurance was founded in 1961 and offers auto, home, condo renters, business, and mechanical protection insurance. For as low as $35.75 per monthly, basic car insurance may be available for Florida drivers. Mercury offers full coverage, which includes additional options like rideshare insurance and roadside assistance if you work for Uber or Lyft. Mercury-authorized auto shops are authorized to make repairs that are guaranteed for the life of your vehicle.
Mercury reviews
3. Geico
Geico offers basic car insurance in Florida for only $38.44 per monthly. Geico is known for its extensive list of discounts, including savings on specific vehicle equipment, safe driving habits and loyalty.
Geico reviews
4. State Farm
A Florida driver profile could get basic car insurance from State Farm starting at $40.83 per monthly. State Farm offers many coverage options, including full coverage and rideshare. State Farm offers savings for young drivers with the Steer Clear program, which is available to drivers under 25 years old.
See reviews about State Farm.
5. Security National Insurance
Security National Insurance provides car insurance starting at $44.33 per moist for basic coverage. This is for our Florida driver profile. Security National, a Farmers Insurance company, sells Florida insurance under Foremost. Customers can also shop for uninsured/underinsured motorist, bodily injury, rental reimbursement, medical payment, roadside assistance and loan/lease coverages.
The cheapest full-coverage car insurance available in Florida
The cost of full-coverage auto insurance varies from one company to the next. It refers to policies that include bodily injury, property loss, uninsured motorist protection, collision, and comprehensive coverages.
These five companies offer the best full-coverage options to Florida drivers who meet our criteria.
5 Best Full-Coverage Car Insurance Companies in Florida
1 |
Mercury |
$147.04/month |
2 |
State Farm |
$176.27/month |
3 |
Geico |
$202.94/month |
4 |
Travelers |
$209.08/month |
5 |
Allied |
$212.75/month |
Based upon our standard driver profile, seeking full coverage in Florida rather than minimum coverage
The cheapest state-minimum auto insurance in Florida
State-minimum coverage, which is the minimum coverage required by your state in order to legally register your vehicle and allow you to drive it, is at the opposite end of full coverage. This type of insurance is usually the cheapest and most comprehensive. It typically covers bodily injury liability as well as property damage liability.
These companies offer the lowest rates for Florida drivers who are looking for state-minimum coverage.
The cheapest car insurance companies for Florida with state-minimum coverage
1 |
Allied |
$34.33/month |
2 |
Mercury |
$35.75/month |
3 |
Geico |
$38.44/month |
4 |
State Farm |
$40.83/month |
5 |
Security National Insurance |
$44.33/month |
Based upon our standard driver profile, seeking minimum coverage for Florida
Best car insurance for people with good credit in Florida
A lower rate may be offered for those with good credit. Insurers often use credit scores to determine car insurance premiums. This can be advantageous for people with good credit.
These five companies offer the lowest car insurance on basic coverage for Florida drivers with a credit score of at least 720.
The best car insurance companies for people with good credit
1 |
Mercury |
$27.04/month |
2 |
Allied |
$28.50/month |
3 |
Geico |
$30.43/month |
4 |
State Farm |
$32.14/month |
5 |
Travelers |
$34.92/month |
Based upon our standard driver profile, adjusted for rates for Florida drivers with credit scores of 720 or higher
Lowest car insurance in Florida for people with poor credit
Even if you don’t have perfect credit, there are still some positive things. You can also lower your car insurance cost by proving safe driving habits and good car use.
These companies offer the lowest rates for basic coverage for drivers with poor credit.
5 Best Car Insurance Companies in Florida for People with Poor Credit
1 |
Allied |
$49.88/month |
2 |
Mercury |
$57.02/month |
3 |
Direct General Insurance |
$58.17/month |
4 |
Security National Insurance |
$58.33/month |
5 |
Geico |
$69.33/month |
Based upon our standard driver profile, adjusted for rates for Florida drivers with a credit score of less than 580
Cheapest car Insurance for Drivers with Multiple Claims in Florida
Car insurance premiums can be affected by your claims history. Car insurance premiums will likely be higher if you have a history of claims.
These companies offer the best basic auto insurance for drivers who have multiple claims.
5 Best Car Insurance Companies in Florida for Multiple Claims
1 |
Geico |
$61.04/month |
2 |
Allied |
$70.33/month |
3 |
Security National Insurance |
$77.17/month |
4 |
Mercury |
$78.96/month |
5 |
State Farm |
$83.19/month |
Based upon our standard driver profile, adjusted for display rates for a Florida driver who has two claims and not zero
Cheapest car Insurance for Young Drivers in Florida
Are you looking for your first policy of car insurance? You may have to pay more for your car insurance than someone with more experience.
These companies offer basic coverage for Florida drivers aged 18-21 years old at the lowest rates.
Top 5 Best Florida Car Insurance Companies for Young Drivers
1 |
Allied |
$47.75/month |
2 |
Security National Insurance |
$52.58/month |
3 |
Mercury |
$52.67/month |
4 |
Geico |
$55.08/month |
5 |
State Farm |
$59.90/month |
Based upon our standard driver profile. Adjusted to show rates for a Florida driver aged 18-21 instead 36-45
Florida auto insurance requirements
Florida law requires that all vehicles registered in Florida must have personal injury protection and property damages liability insurance. The minimum amount of PIP required for drivers is $10,000 and the minimum amount of PDL must be $10,000.
Florida offers usage-based insurance.
Vehicle insurance that is usage-based allows customers to pay premiums according to their driving habits. Florida drivers have the option to use usage-based insurance in order to monitor their driving habits and potentially save money on their premiums.
FAQs regarding the lowest car insurance rates in Florida
What’s the best car insurance in Florida?
Based on our driver profile, Allied provides the lowest-expensive car insurance in Florida at $34.33 per monthly.
What’s the average monthly cost of Florida car insurance?
The monthly premiums for Florida car insurance vary from less than $35 to more like $250 depending on what type of coverage you select and other factors such as your age, driving record, and vehicle.
How do I lower my Florida car insurance?
There are many ways to lower your car insurance costs. You can increase or decrease your vehicle’s coverage, for example. You can shop around to find the best discounts available, such as those for safe driving or bundling multiple policies under one insurance company.
Methodology
Based on a profile of a Florida driver aged 36-45, the estimated rates in this article are the lowest. The rates shown assume that there is only one driver on the policy, with no driving tickets and no claims. This estimate assumes that the vehicle is worth between $20,000 to $30,000 with an annual mileage of 12,000-15,000 and is in good condition. Rates for insurance for good credit are based on scores above 720. Rates for insurance for people with poor credit range from 350 to 579. The estimated rates for young drivers are those aged 18-21. Rates for multiple claims are based on two claims.
Quadrant Information Services provides rates every six months. Quadrant Information Services does not include all insurance companies in the rate data. These rates are estimates and should not be used as a comparison. Rates can vary depending on many factors such as your age, driving habits, and past.
The average monthly premium for full coverage car insurance covers bodily injury, property damages, collision, comprehensive, and uninsured motorist. The minimum state-mandated minimums for car insurance include $10,000 in personal injury protection, $10,000 in property damage liability and an average monthly premium.