Cheapest and Best Car Insurance in Davie, FL (June 2024)

GEICO offers the cheapest minimum coverage car insurance in Davie, Florida, while Travelers offers the lowest rates for full coverage. For families with teen drivers, Nationwide is the cheapest provider. Mercury leads for customer service and is also the best overall for balancing price and service. Note that your ideal insurer depends on your specific needs and preferences.

MoneyGeek found that GEICO offers the cheapest minimum coverage car insurance in Davie. When searching for the cheapest car insurance, consider the following providers:

• GEICO: $687 per year
• Travelers: $815 per year

Direct General Insurance has the most expensive policy at $1682 per year. That's nearly $1,000 more than the cheapest option from GEICO, illustrating the importance of shopping around for car insurance to ensure you're getting the best deal. Choosing the right insurer could mean significant savings over time.

Florida state law mandates the minimum required car insurance coverage with these limits:

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

If you cause an accident that results in bodily injuries, your minimum coverage policy won't cover it since bodily injury liability (BI) isn't required. Should damages exceed your $10,000 property damage coverage, you will be responsible for paying out of pocket for the remaining costs. Minimum coverage offers bare-bones protection that is legally sufficient but potentially financially risky.

MoneyGeek found that Travelers is the top option in Davie for the cheapest full coverage car insurance. When looking for the most affordable full coverage in Davie, consider these two providers:

• Travelers: $1,757 per year
• GEICO: $1,828 per year

The most expensive full coverage policy in Davie is offered by Direct General Insurance, with an annual premium of $3,0329. The difference of $1,572 between the cheapest and most expensive options showcases the importance of comparing rates to get the best deal on full coverage car insurance. Full coverage provides comprehensive protection and typically costs more than minimum coverage.

A full coverage policy includes higher coverage levels of $100,000 for bodily injury liability per individual, $300,000 for bodily injury liability per accident and $100,000 for property damage liability per accident. This upgraded policy is commonly referred to as 100/300/100.

Full coverage insurance also includes both comprehensive and collision coverage, which is integral for a robust policy.

• Collision Insurance: This coverage is specifically designed to address damage to your vehicle when it collides with another car or a stationary object like a tree or light pole. It also covers rollover accidents and pothole damage.

• Comprehensive Insurance: This coverage handles potential harms to your vehicle from non-collision incidents such as theft, vandalism, fires, natural disasters or being struck by an animal.

For new vehicles, comprehensive coverage is particularly advisable to protect your substantial financial commitment. However, the additional cost for older cars may not be justifiable, as the value of the extra coverage may not be commensurate with the increased expense. When deciding how much car insurance you need, you should weigh increased premiums against the risk of being underinsured.

MoneyGeek found that State Farm is the cheapest option in Davie for drivers with a poor driving record, offering full coverage at different rates depending on the specific driving incident. Here are the most economical choices for each traffic offense:

• Speeding Ticket: State Farm ($2,437 per year)
• At-fault Accident: Travelers ($2,596 per year)
• DUI: State Farm ($2,437 per year)

Nationwide has the most expensive rates for DUI offenses at $6,351 per year. Farmers is the most expensive for speeding tickets and at-fault accidents, with an annual cost of $4,083 and $4,964, respectively. These figures illustrate how the severity of driving infractions can significantly impact the cost of insurance.

Insurance premiums in cities like Davie typically escalate with the severity of a driving violation due to increased risk perceived by insurers. In Davie, drivers with a DUI can expect to pay an average annual rate of $4,727, compared to $4,102 for those with a speeding ticket. It underscores the necessity for drivers with infractions to compare insurance rates, which could lead to substantial savings on their annual premiums.

In Davie, MoneyGeek found that Nationwide offers the cheapest car insurance for teens. The most affordable rates are:

• Nationwide: $4,773 per year for female teens; GEICO: $4,990 per year for male teens
• GEICO: $4,930 per year for female teens; Nationwide: $5,376 per year for male teens

These rates reflect the annual cost to insure two parents and a teenage driver. Progressive has the most expensive policy for female teens in Davie, with an annual premium of about $7,291. Travelers is the most expensive for male teen drivers at $7,316 per year. Comparing prices can help you find the best rates, especially as insurers consider teen drivers higher risk.

In Davie and other cities, teenagers opting for an individual car insurance policy face a high average annual premium of $11,946. The average cost decreases to $6,387 per year when added to a family plan. The difference in rates is due to insurers' perceived risk of solo teen drivers being statistically more likely to be involved in accidents. Securing an individual policy can also be particularly challenging for teens, as providers often require a history of responsible driving before offering competitive rates. A family plan is a financially savvy choice for insuring teenage drivers, offering cost savings and an increased likelihood of approval.

MoneyGeek found that Travelers is the best option for the cheapest car insurance for military backgrounds in Davie, offering substantial savings for military service members and their families. Here's a look at the annual rates for the two most affordable providers:

• Travelers: $1,757 per year
• GEICO: $1,828 per year

Although not included in this study for Davie, Florida, USAA is typically a budget-friendly choice for those with military connections. It is known for its tailored services to active-duty military members. USAA does business in Florida and is known for competitive prices and exceptional service on a national scale.

In Davie, comparing car insurance rates is key to cost savings. However, evaluating three or more companies could take over an hour.

MoneyGeek's car insurance calculator streamlines the comparison process, saving you time and money. Simply input essential information like your age, driving history, credit score and coverage preferences for immediate rate estimates.

Finding the ideal auto insurance depends on your priorities, including service, cost, coverage and other critical factors. MoneyGeek's comprehensive evaluations found that Mercury is the top provider in Davie for each category:

• Best overall: Mercury (MoneyGeek score 83 out of 100)
• Best for service: Mercury (MoneyGeek score 83 out of 100)
• Best cheap: Mercury (MoneyGeek score 85 out of 100)

Mercury excels in overall value, service excellence and affordability. With top scores across the board, it is the best choice for those seeking a well-rounded insurance experience.

MoneyGeek found that Mercury offers the best option for car insurance in Davie. If you are looking for the best car insurance, consider these top providers:

• Mercury: MoneyGeek score of 83 out of 100 ($2,273 per year)
• State Farm: MoneyGeek score of 80 out of 100 ($2148 per year)

Mercury is a standout provider in Davie, with strong scores in customer satisfaction and claims handling. The scores reflect the quality of service and customer experience for a full coverage policy.

MoneyGeek found that Mercury is the leading car insurance provider for drivers seeking the best customer service in Davie, regardless of cost.

• Mercury: MoneyGeek score of 83 out of 100 ($2,273 per year)
• State Farm: MoneyGeek score of 75 out of 100 ($2,148 per year)

Mercury tops the list with the highest MoneyGeek score, reflecting its performance in overall satisfaction, claims handling and coverages. Its focus on the customer experience is a key element contributing to its superior MoneyGeek score and placing it ahead in car insurance services in Davie.

MoneyGeek found that Mercury offers the best cheap car insurance in Davie. These are the top two cheapest providers:

• Mercury: MoneyGeek score of 85 out of 100 ($868 per year)
• Travelers: MoneyGeek score of 80 out of 100 ($815 per year)

Mercury stands out for its competitive annual premium, remarkable customer satisfaction and claims service. The company's affordable minimum coverage policies contribute to its leading position among car insurance providers in Davie.

In Davie, Florida, the average cost of car insurance is $2,464. This premium is notably higher than the average annual car insurance cost for the state of Florida, which is $2,307. Florida's average cost exceeds the national average, with Floridians paying an additional $587 per year for their car insurance coverage.

Car insurance premiums are subject to various factors, including the driver’s history, the vehicle type and coverage levels. However, location is among the most significant factors. The frequency of accidents, theft rates and the local cost of repairs can vary greatly from one place to another, influencing the premiums that residents pay. For example, the city in Florida with the most expensive car insurance premium is Hialeah at $3,126 per year, while Gainesville enjoys the cheapest premium at $1,642 per year. This considerable difference of $1,484 illustrates how location affects car insurance costs. Rates may be even lower in non-city areas with less traffic density.