How Much Is Car Insurance in Florida? Rates by Coverage Level, Age, Driving History and Location

The annual average car insurance cost in Florida is $2,208 — much higher than the national average of $1,424. The state is the fourth most expensive in averages calculated across multiple insurers and locations for one sample driver. MoneyGeek calculated averages based on coverage level, age, driving history, credit score and location.

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Last Updated: 12/31/2021
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The average annual cost of auto insurance in Florida for a 40-year-old driver with a clean driving record purchasing a full coverage policy is $2,208. The state minimum auto insurance coverage for the same 40-year-old driver would only cost an average of $1,123 per year.

Pricing varies significantly with your driving profile. For example, a 16-year-old driver purchasing their own policy in Florida pays an average of $4,913 per year, which is $2,705 more than the average for our sample 40-year-old driver.

MoneyGeek researched average insurance costs in Florida based on several factors to help you understand how these factors affect the rates.

Average Cost of Car Insurance in Florida: Summary

MoneyGeek examined how insurance rates in Florida change with specific factors. The driver's age and credit score most significantly influence average auto insurance rates in the state.

Multiple elements affect car insurance premiums. The figures we provide in this guide are averages, so drivers should always consider their personal characteristics when forecasting costs.

Average Costs of Car Insurance in Florida

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Why Are Car Insurance Rates Expensive in Florida?

MoneyGeek's analysis found that the car insurance rates in Florida are expensive. The state has a high percentage of urban drivers, which results in a higher risk of accidents. Its highway traffic density and uninsured motorist rate also rank among the top 10 in the country.

Florida is also known for its vulnerability to natural disasters, which often result in higher premiums. Moreover, Florida is a no-fault state. Insurers must cover the insured regardless of who is at fault, leading to high insurance costs in the state.

Average Cost of Car Insurance in Florida: Full Coverage vs. Minimum Coverage

According to MoneyGeek, a state minimum auto insurance policy in Florida costs an average of $1,123 per year. The average cost of full coverage car insurance in Florida is $2,208 per year — a significant difference of $1,085.

The amount of coverage you select also affects the average cost of vehicle insurance in Florida. Insurers offer several coverage options. Liability coverage is often the state minimum, with or without add-on coverages. With comprehensive, collision and liability coverages generally included in a full coverage insurance policy, it costs much higher than the state's minimum insurance policy.

Average Cost of Car Insurance in Florida by Coverage Level

Minimum vs. Full Coverage Car Insurance Costs in Florida - By Company

Regardless of the factors affecting costs, each insurance company will present you with a different quote. As a result, the insurer you choose will affect your auto insurance cost. GEICO provides the cheapest full coverage insurance, on average, for Florida's drivers. It is also the most affordable insurer for the state's average minimum liability insurance prices.

Although USAA's policies are the most cost-effective for both types of insurance, they are only available to current and former military members and their families.

Progressive, on the other hand, charges the highest on average for both state minimum liability only and full coverage plans. Premiums for all providers change with the driver's specific characteristics, so it's important to compare quotes from different companies.

Average Annual Costs of Car Insurance in Florida - By Company

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How Much Is Car Insurance in Florida by Age

A driver's age also affects their auto insurance rates in Florida. Due to their lack of driving expertise, insurers consider young drivers as riskier to insure and charge them higher premiums. However, as a young driver, you can save money by being added to your parent's auto insurance policy.

According to MoneyGeek, a 16-year-old buying their own policy in Florida pays an average of $4,913 — significantly higher than the $2,208 average for a 40-year-old.

New or first-time drivers, regardless of age, are considered as risky as young drivers in Florida and may be quoted insurance premiums.

Average Costs of Full Coverage Car Insurance in Florida - By Age

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  • Age
    Annual Premium
  • $4,913
  • $4,940
  • $4,541
  • $4,180
  • $3,744
  • $3,100
  • $2,829
  • $2,585
  • $2,421
  • $2,215
  • $2,059
  • 40
    $2,208
  • $1,949

How Does Driving History Affect Car Insurance Costs in Florida?

Insurance companies perceive people with a history of auto accidents and multiple traffic violations as high-risk drivers and typically charge them higher premiums. Even if you have a bad driving record, you may be able to get lower rates in Florida if you shop around.

According to MoneyGeek, a speeding ticket on your driving record costs you $694 more a year on average. Premium increases align with the seriousness of the violation.

Average Costs of Full Coverage Car Insurance in Florida - By Driving History

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  • Driving Violation
    Annual Premium
  • Safe Driver
    $2,208
  • Speeding Ticket
    $2,902
  • At-Fault Accident
    $3,246
  • DUI
    $3,763
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Credit Scores and the Cost of Car Insurance in Florida

In Florida, insurers use your credit score to determine your insurance costs. A driver with an excellent credit score typically saves a lot of money on auto insurance premiums. While a poor credit score may encourage insurers to charge you high premiums, you can still compare quotes from different providers to obtain an affordable policy in Florida.

Based on MoneyGeek's analysis, a driver with a bad credit score pays an average of $2,093 more per year in Florida than people with strong credit scores. Similarly, possessing an excellent credit score leads to average annual savings of $456 on premiums.

Average Costs of Full Coverage Car Insurance in Florida - By Credit Score

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  • Credit Score
    Annual Premium
  • Excellent
    $1,644
  • Good
    $2,101
  • Fair
    $2,648
  • Below Fair
    $3,222
  • Poor
    $4,194

How Much Is Car Insurance in Your City?

MoneyGeek's study found that auto insurance rates vary substantially among states and from city to city. On average, the lowest auto insurance policy in Florida is available in Gainesville, while drivers pay for the most expensive coverage in Hialeah. Hialeah's annual average is $604 higher than the state average of $2,208, while Gainesville's average is $821 lower.

If you reside in a densely populated region or an area with a high risk of traffic accidents or natural disasters, your provider will likely charge more for insurance. Premiums may also increase depending on the risk of vehicle theft in your area and other factors.

Frequently Asked Questions About Florida Car Insurance Rates

MoneyGeek provides some answers to common inquiries about auto insurance rates in Florida.

Methodology

MoneyGeek collaborated with Quadrant Information Services to collect auto insurance quotes in Florida for this report. We used a sample profile for a 40-year-old driver with a clean driving record and full coverage, unless modified by criteria like coverage level, age, driving offenses and credit score. We define "full coverage" and explore its limits on our methodology page.

MoneyGeek also acquired data on traffic density, uninsured motorists, urban population, and vehicle theft:

  • Highway traffic density was calculated with 2019 data from the Federal Highway Administration.
  • Data on uninsured motorists was drawn from 2019 data from the Insurance Research Council.
  • Urban share of population was calculated using the latest data from the U.S. Census Bureau.
  • Data on motor vehicle theft rate was drawn from the FBI Crime in the United States Report for 2019.

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.