Fort Lauderdale has an average annual car insurance cost of $2,491, which is $283 more than Florida’s state average. MoneyGeek's ratings on various insurers in Fort Lauderdale, based on the coverage level and driver profile, found GEICO as the cheapest insurer. MoneyGeek also has recommendations on the city’s best insurers for those looking for other providers that balance quality service with affordability.
Compare the Cheapest Car Insurance Quotes in Fort Lauderdale, FL
The Cheapest and Best Car Insurance in Fort Lauderdale
The Cheapest Car Insurance Companies in Fort Lauderdale
The following two insurance companies offer the cheapest yearly quotes for a full coverage car insurance policy in Fort Lauderdale:
- USAA: $1,075 (only serving current and former military members)
- GEICO: $1,572
This study's sample profile is of a 40-year-old male with a full coverage policy, including liability and comprehensive collision coverage.
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Average Cost of Car Insurance in Fort Lauderdale
National car insurance rates in the United States cost an average of $1,424 annually. In Fort Lauderdale, drivers pay an annual average insurance premium of $2,491, which is almost 75% higher than the national rate. The average rate in the state of Florida is $2,208, so the rates in the city of Fort Lauderdale are higher than the state average by 12.8%.
The Best Car Insurance Companies in Fort Lauderdale
MoneyGeek’s rankings on Fort Lauderdale insurers can help drivers looking for an affordable insurance company offering great service. The following two companies came on top according to our scoring system:
- Esurance: MoneyGeek score of 95 of 100
- GEICO: MoneyGeek score of 85 of 100
USAA received the highest score in Fort Lauderdale by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
MoneyGeek rated the companies out of 100 points, using a variety of factors. These include affordability, financial stability and user satisfaction data from J.D. Power.
Personalized Quotes to Get You the Cheapest Car Insurance in Fort Lauderdale
Even if you have an existing car insurance plan, it is advisable to regularly compare car insurance quotes to get the cheapest insurance rates available. Annual car insurance premiums depend on the driver’s personal background. For instance, your car model, age, driving history and even your marital status are considered by insurance companies.
Shopping around for car insurance in Fort Lauderdale could save you $919, which is enough to buy:
Cheapest Car Insurance in Fort Lauderdale by Coverage Amount
In Fort Lauderdale and elsewhere, the coverage amount you buy affects your insurance cost. It costs an average annual rate of $1,277 to purchase a state minimum liability policy covering bodily injuries and property damages. In contrast, a full coverage policy with higher liability limits costs an average of $2,491. That’s a difference of $1,214.
Florida Minimum Liability Requirements
- Property Damage$10,000 for property damage. A more protective level is 100/300/100.
- Personal Injury Protection$10,000 per person.
There are several different levels of coverage to choose from in Fort Lauderdale. In addition to the state minimum liability coverage, there are 50/100/50 liability-only and full-coverage options and 100/300/100 full-coverage plans. With a 50/100/50 plan, the policyholder gets $50,000 for bodily injury per person, $100,000 for total injuries per accident and $50,000 for property damage.
In Fort Lauderdale, GEICO offers the lowest average state minimum coverage for most people at $699. If you opt for a 50/100/50 liability-only plan, that cost increases to around $1,045. For 50/100/50 full coverage, you’ll pay roughly $1,384, while 100/300/100 full-coverage policies cost an average of $1,572.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
- CompanyState Minimumper year50 / 100 / 50per year
- Company50 / 100 / 50per year100 / 300 / 100per year
Cheapest Car Insurance in Fort Lauderdale if You Have Driving Violations
Your driving record may hinder your search for the cheapest car insurance coverage in Fort Lauderdale. A traffic ticket, DUI or at-fault accident may push your insurance premium rates higher than you would like.
For instance, MetLife charges drivers with a clean record an average of $2,276 annually, while a driver with a speeding ticket pays roughly $398 more. Meanwhile, drivers with at-fault accidents pay an annual average of $3,072 and drivers with a DUI would have to pay around $5,183 per year.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
Average Cost of Car Insurance by Postal Code
Since there are differences in accident rates, crime rates and uninsured drivers depending on where you live, car insurance coverage costs also fluctuate with these factors. Therefore, your ZIP code can affect your car insurance rates. In Fort Lauderdale, drivers from ZIP code 33312 pay an average of $2,393, while drivers in the 33313 neighborhood pay around $2,555.
- Zip CodeState Minimumper year
Factors That Impact Insurance Costs in Fort Lauderdale
In addition to individual driver needs and history, location-specific factors like personal injury protection coverage requirements and the percentage of uninsured motorists also contribute to car insurance rates in Fort Lauderdale. How Fort Lauderdale ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Fort Lauderdale are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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