The best or cheapest auto insurance in Fort Lauderdale, Florida, depends on coverage choices and driver details. GEICO offers the lowest rates for minimum coverage policies, while Travelers is the most affordable for full coverage. State Farm is the most economical for families with teen drivers. Mercury excels in customer service, and State Farm tops overall for offering a balance of cost effectiveness and quality service.
Cheapest and Best Car Insurance in Fort Lauderdale, FL (2024)
GEICO offers Fort Lauderdale's cheapest minimum coverage at $806 yearly. The best overall is State Farm, scoring 84 out of 100 for service and affordability.
Updated: November 19, 2024
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Cheapest and Best Car Insurance in Fort Lauderdale
Why Trust MoneyGeek? We analyzed 127,836 quotes from nine companies across Florida. Using data from six sources and original research, we rated the most affordable companies and created a scoring system for insurance providers based on ZIP codes within Fort Lauderdale. Our scoring criteria include affordability, customer satisfaction, claims experience, coverage options and financial stability.
These rates reflect the cheapest car insurance quotes in Fort Lauderdale, FL, as of July 2024.
Cheapest Minimum Coverage Car Insurance in Fort Lauderdale
GEICO offers the cheapest car insurance in Fort Lauderdale. The rates listed below are for minimum coverage policies:
- GEICO: $806 per year
- Travelers: $864 per year
Direct General Insurance charges the highest annual premium for minimum coverage at $2,048, $1,242 more expensive than GEICO. This price gap underscores the importance of comparing quotes to get the best deal.
- 22-29
- 30-59
- 60 +
- Full Coverage
- Minimum Coverage
GEICO | $806 | $67 |
Travelers | $864 | $72 |
Mercury | $957 | $80 |
State Farm | $1,006 | $84 |
Allstate | $1,147 | $96 |
Nationwide | $1,269 | $106 |
Progressive | $1,295 | $108 |
Farmers | $1,643 | $137 |
Direct General Insurance | $2,048 | $171 |
State Minimum Liability Requirements
Florida law mandates these specific car insurance coverage minimums:
- $10,000 property damage liability per accident
- $10,000 personal injury protection per person
For example, if you cause a fender bender, minimum coverage would pay up to $10,000 for the other car's damage. But if the repair cost exceeds $10,000, you'd have to pay the balance out of pocket.
Cheapest Full Coverage Car Insurance in Fort Lauderdale
Travelers offers the cheapest full coverage car insurance in Fort Lauderdale.
- Travelers: $1,862 per year
- State Farm: $1,954 per year
Direct General Insurance has the most expensive full coverage policy, $2,282 higher annually than Travelers. This highlights the benefit of comparing rates, as full coverage policies provide extensive financial protection, which justifies their higher costs.
- 22-29
- 30-59
- 60 +
- Full Coverage
- Minimum Coverage
Travelers | $1,862 | $155 |
State Farm | $1,954 | $163 |
GEICO | $2,160 | $180 |
Progressive | $2,202 | $184 |
Allstate | $2,493 | $208 |
Nationwide | $2,538 | $212 |
Mercury | $2,801 | $233 |
Farmers | $3,211 | $268 |
Direct General Insurance | $4,145 | $345 |
Why You Need Full Coverage in Florida
MoneyGeek's full coverage plan for Fort Lauderdale increases liability coverage to $100,000 for bodily injury per person, $300,000 for bodily injury per accident and $100,000 for property damage per accident — known as the 100/300/100 policy.
This comprehensive full coverage includes two key components:
- Collision insurance covers repairs after collisions with other vehicles, stationary objects like trees or light poles, rollover accidents and pothole damage.
- Comprehensive insurance provides financial protection against theft, natural disasters, vandalism, fires and collisions with animals like deer.
Full coverage insurance is typically required for leased or financed vehicles. While it's ideal for protecting new cars, full coverage may not be cost efficient for older models. To find the right balance between coverage and affordability, assess your needs and understand how much car insurance you need.
Cheapest Car Insurance in Fort Lauderdale After a Driving Offense
State Farm is the cheapest option in Fort Lauderdale across different driving offenses:
- Speeding ticket: $2,212 per year
- At-fault accident: $2,407 per year
- DUI: $2,212 per year
Mercury has the highest rate of $6,035 for at-fault accidents, with a $1,679 difference from the most expensive insurer for speeding tickets (GEICO). This shows how much traffic violations can impact insurance premiums.
- 22-29
- 30-59
- 60 +
- Full Coverage
- Minimum Coverage
- Accident
- DUI
- Speeding
State Farm | $2,212 | $184 |
Allstate | $2,622 | $218 |
Travelers | $2,632 | $219 |
Nationwide | $3,030 | $252 |
Progressive | $3,085 | $257 |
Farmers | $4,077 | $340 |
Direct General Insurance | $4,145 | $345 |
Mercury | $4,152 | $346 |
GEICO | $4,356 | $363 |
In Fort Lauderdale, as in many cities, car insurance rates are often higher for drivers with severe infractions due to their increased risk. For instance, drivers with speeding tickets face an average annual premium of $4,341, whereas a DUI increases the rate to around $4,965. With such a big cost difference, drivers with offenses must compare insurance policies carefully to find the most financially beneficial coverage.
Cheapest Car Insurance in Fort Lauderdale for Teens and Their Families
Nationwide offers the cheapest car insurance for teens in Fort Lauderdale. These rates are for a policy covering two parents and a teenager:
- Nationwide: $4,462 per year for female teens and $5,025 per year for male teens
- State Farm: $4,867 per year for female teens and $5,901 per year for male teens
Farmers offers the most expensive teen family policy, with premiums as high as $7,365 annually for female teens and $7,468 annually for male teens. The $2,903 difference between Nationwide and Farmers for female teen coverage highlights the importance of comparing quotes, especially when adding a higher-risk teen driver to your policy.
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- 23
- 24
- 25
- Female
- Male
Nationwide | $4,462 | $7,741 |
State Farm | $4,867 | $4,723 |
Allstate | $5,666 | $20,536 |
GEICO | $5,779 | $6,190 |
Travelers | $6,203 | $10,544 |
Progressive | $7,065 | $9,656 |
Farmers | $7,365 | $16,486 |
In Fort Lauderdale, individual policies for teens average about $11,956 annually. You'll save $6,413 when adding a teen to a family plan. Insurers typically charge higher rates for teens due to their limited driving experience, which raises perceived risk. Getting an individual policy can be challenging for teens, as insurers often prefer family plans to mitigate risks. Joining a family plan is the more affordable and accessible way for young drivers to get insured.
Cheapest Car Insurance in Fort Lauderdale for Military Drivers
Travelers has the cheapest car insurance for military backgrounds in Fort Lauderdale. Here are the top providers with the lowest premiums:
- Travelers: $1,862 per year
- State Farm: $1,954 per year
USAA offers competitive pricing and specialized services tailored for the military community. If included in the dataset, USAA's rates could compete with the top providers by providing value beyond cost savings.
- 22-29
- 30-59
- 60 +
- Full Coverage
- Minimum Coverage
Travelers | $1,862 | $155 |
State Farm | $1,954 | $163 |
GEICO | $2,160 | $180 |
Progressive | $2,202 | $184 |
Allstate | $2,493 | $208 |
Nationwide | $2,538 | $212 |
Mercury | $2,801 | $233 |
Farmers | $3,211 | $268 |
Direct General Insurance | $4,145 | $345 |
How to Compare Cheap Fort Lauderdale Car Insurance Quotes Online
Comparing rates is essential to saving on car insurance in Fort Lauderdale. However, it can take about 15 minutes per insurer and up to over an hour for three or more companies. Make the process much easier with MoneyGeek's car insurance calculator. Input details like age, driving history, credit score and coverage preferences to get an instant estimate.
Car Insurance Calculator
MoneyGeek's car insurance calculator will give you a customized estimate of your auto insurance cost. It's free to use, requires no personal information and we won't send you any spam.
Rates updated:
Dec 06, 2024
Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.
Best Car Insurance in Fort Lauderdale: Summary
Choosing the right auto insurance depends on how you prioritize factors like service, cost and coverage. Based on MoneyGeek's research using specific criteria, here are the top insurers:
- Best overall: State Farm (MoneyGeek score 84 out of 100)
- Best for service: Mercury (MoneyGeek score 83 out of 100)
- Best cheap: Mercury (MoneyGeek score 87 out of 100)
Mercury excels in customer service and affordability, while State Farm offers a great balance of low cost and service quality.
Best Overall Car Insurance in Fort Lauderdale
State Farm offers the best car insurance in Fort Lauderdale, providing top-notch service and affordability.
- State Farm: MoneyGeek score of 84 out of 100 ($1,954 per year)
- Mercury: MoneyGeek score of 82 out of 100 ($2,801 per year)
State Farm's full coverage policy stands out for its impressive balance of customer satisfaction and affordability, significantly contributing to its MoneyGeek score. These factors underscore the insurer's ability to deliver value and quality service to its policyholders.
State Farm excels with high affordability and satisfaction scores, making it a top choice for consumers prioritizing value and peace of mind. It offers roadside assistance and rental car or travel reimbursement, ensuring comprehensive support during unforeseen events. While its coverage score is lower than other categories, State Farm is a great option given its overall performance in the critical areas of insurance services.
- Ranks second in the city for customer satisfaction
- Ranks second in the city for affordability, with an average annual premium of $1,954 for full coverage
- Offers roadside assistance and rental car/travel reimbursement, ranking second for key coverages
- Doesn't offer gap insurance or OEM coverage
MoneyGeek ranks Fort Lauderdale's best car insurance companies by prioritizing customer satisfaction and cost efficiency while also factoring claims processing, coverage options and company stability.
Best Car Insurance in Fort Lauderdale for Customer Service
Mercury is the best option for customer service in car insurance in Fort Lauderdale.
- Mercury: MoneyGeek score of 83 out of 100 ($2,801 per year)
- State Farm: MoneyGeek score of 75 out of 100 ($1,954 per year)
Mercury excels due to its exceptional customer satisfaction and efficient claims handling, both key factors influencing its impressive MoneyGeek score. This makes Mercury an ideal choice for clients who value a responsive insurance provider, especially during critical situations.
Mercury earns its high MoneyGeek score with perfect ratings in satisfaction and claims. It provides a comprehensive customer experience through coverages like roadside assistance, rental car and/or travel reimbursement and mechanical breakdown insurance.
- Ranks well in the city for customer satisfaction
- Ranks well in the city for claims
- Offers mechanical breakdown insurance and roadside assistance
- Doesn't offer gap insurance
MoneyGeek ranks Fort Lauderdale's top car insurers, prioritizing customer satisfaction and efficient claim services while also considering coverage options and financial strength.
Best Cheap Car Insurance Companies in Fort Lauderdale
Mercury is the best option in Fort Lauderdale for affordable car insurance without compromising service quality.
- Mercury: MoneyGeek score of 87 out of 100 ($957 per year)
- State Farm: MoneyGeek score of 83 out of 100 ($1,006 per year)
Mercury excels with perfect satisfaction and claims scores and a strong affordability score (37/40). Its average annual premium for minimum coverage is just about $957. Mercury's extensive discount lineup includes bundling, multiple cars, safe driving and anti-theft systems. Unique discounts on automatic payment and for teachers further offer savings opportunities.
- Ranks first in the city for customer satisfaction and claims efficiency
- Offers a wide array of discounts
MoneyGeek ranks Fort Lauderdale's top car insurers based on affordable minimum coverage, customer satisfaction, claims, coverage options and financial stability.
Average Cost of Car Insurance in Fort Lauderdale
Fort Lauderdale's average car insurance cost is $2,605, which exceeds the state average of $2,392 by $213. Florida's average, in turn, surpasses the national average of $1,781 by $611.
Driving record, vehicle type and coverage level affect rates. Location also plays a critical role due to differences in traffic patterns, accident rates and vehicle theft risk. For example, Hialeah's premium of $3,233 is much higher than Gainesville's $1,699. Rates may be even lower in less densely populated areas.
Brandon | $2,650 |
Cape Coral | $1,868 |
Clearwater | $2,273 |
Coral Springs | $2,635 |
Davie | $2,567 |
Fort Lauderdale | $2,605 |
Gainesville | $1,699 |
Hialeah | $3,233 |
Hollywood | $2,724 |
Jacksonville | $2,113 |
Lakeland | $2,015 |
Lehigh Acres | $1,980 |
Miami | $3,041 |
Miami Gardens | $2,961 |
Miramar | $2,556 |
Orlando | $2,146 |
Palm Bay | $1,899 |
Pembroke Pines | $2,508 |
Pompano Beach | $2,696 |
Port St. Lucie | $2,009 |
Spring Hill | $2,152 |
St. Petersburg | $2,382 |
Tallahassee | $1,782 |
Tampa | $2,855 |
West Palm Beach | $2,826 |
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.