bestauto insuranceFort LauderdaleCompare the Cheapest Car Insurance Quotes in Fort Lauderdale, FL
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For Fort Lauderdale drivers, GEICO is the cheapest, widely available car insurance option for full coverage and state minimum coverage. If you have a speeding ticket, Allstate has the lowest annual average premium. USAA is by far the least expensive insurance company, although it is only for members of the military and their families. MoneyGeek’s top pick overall, based on a balance of affordability and customer service, is GEICO.
bestauto insuranceFort LauderdaleThe Cheapest and Best Car Insurance in Fort Lauderdale
Cheapest Overall - GEICO
Cheapest State Minimum - GEICO
Cheapest With a Driving Violation - Allstate
Best Overall - GEICO
The Cheapest Car Insurance Companies in Fort Lauderdale
In Fort Lauderdale, the two companies offering the cheapest average annual rates for a full coverage policy are:
- GEICO: $1,572 per year
- MetLife: $2,276 per year
USAA is the cheapest auto insurance company, but it’s exclusive to current military members, veterans, their spouses and children. The average annual cost of full coverage car insurance from USAA in Fort Lauderdale is $1,075.
GEICO is the cheapest full coverage insurer for most people. When compared with the priciest insurer in the city, Mercury, GEICO charges about 100% less. All rates are for full coverage policies, which include comprehensive and collision insurance. Remember that when you’re looking for full coverage quotes, they’ll change depending on the liability limits you choose.
Cheapest Car Insurance in Fort Lauderdale
Full Coverage 100/300/100
- Company100/300/100per year
- 1.$1,075
- 2.$1,572
- 3.$2,276
- 4.$2,356
- 5.$2,392
The average car insurance rates used in this analysis are for our sample driver, a 40-year-old male with a full coverage policy, as explained in our MoneyGeek methodology.
Although a full coverage policy is more expensive than minimum coverage, it offers comprehensive and collision insurance along with the state minimum liability and other required coverages. These will protect you against financial loss if your vehicle is damaged, as follows:
- Comprehensive insurance: pays to repair non-collision damage to your car
- Collision insurance: pays to repair damage to your car if you hit another vehicle or a stationary object
If your car is an older model, choosing liability-only insurance or a state minimum policy might be smart financially. That’s because the premiums for full coverage insurance can add up to more than your vehicle’s replacement value.
Compare Car Insurance Rates in Fort Lauderdale
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
Cheapest Car Insurance in Fort Lauderdale for Minimum Coverage
The cheapest car insurance is minimum coverage. The most affordable companies for this coverage in Fort Lauderdale are:
- GEICO: $699 per year
- Allstate: $1,090 per year
At an average annual rate of $463, USAA is the most affordable option for state minimum coverage. However, only eligible military families are qualified to buy USAA policies. Progressive, the most expensive option, costs $1,177 more than GEICO.
While minimum coverage is the most affordable insurance, it has lower levels of liability coverage and doesn’t include comprehensive and collision insurance. You run the risk of not being fully covered in the event of an accident.
The table below shows how costs vary depending on liability limits.
Cheapest Minimum Liability Car Insurance in Fort Lauderdale
State Minimum
Fort Lauderdale drivers are required to have car insurance that meets Florida’s minimum liability requirements. These include $10,000 in personal injury protection and $10,000 in property damage liability. It’s the cheapest insurance a driver can buy in Fort Lauderdale, but it offers the least protection.
For example, if you cause damage to someone else’s car in an accident, your insurer will cover up to $10,000 in repair costs. Anything above that is your responsibility to pay out of pocket.
Florida Minimum Liability Requirements
- ItemDescription
- Property Damage$10,000 for property damage. A more protective level is 100/300/100.
- Personal Injury Protection$10,000 per person.
Cheapest Car Insurance in Fort Lauderdale if You Have Driving Violations
Driving violations, such as speeding tickets, at-fault accidents and DUIs, can push your insurance premiums up, sometimes by quite a bit.
The cheapest insurance providers for Fort Lauderdale drivers with violations are:
- Cheapest after a ticket: Allstate, $2,505 per year
- Cheapest after an at-fault accident: GEICO, $2,202 per year
- Cheapest after a DUI: State Farm, $2,550 per year
USAA offers the most affordable policies for all three violations: after a ticket at $1,187; after an at-fault accident $1,399; and after a DUI at $1,957. However, its car insurance policies are exclusive to veterans, current military members and their families.
Improving your driving record over time can help you get cheaper rates, but in the meantime, shopping around is the best way to find cheap car insurance after a violation.
Cheapest Car Insurance in Fort Lauderdale With a Violation
Speeding Ticket
- CompanySpeeding Ticketper year
- 1.$1,187
- 2.$2,505
- 3.$2,550
- 4.$2,674
- 5.$2,808
Average Cost of Car Insurance in Fort Lauderdale
Fort Lauderdale$2,491
Florida$2,208
U.S.$1,424
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%.
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 auto 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.
Compare Car Insurance Rates in Fort Lauderdale
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
The Best Car Insurance Companies in Fort Lauderdale
MoneyGeek ranked the best car insurance companies in Fort Lauderdale based on average prices, claims ratings and customer satisfaction. The following car insurance companies received the highest rankings based on their MoneyGeek scores:
- GEICO: MoneyGeek score of 83 out of 100
- Allstate: MoneyGeek score of 63 out of 100
USAA was not included in the rankings because policies are only offered to military members and their families. However, the insurer received a MoneyGeek score of 100 out of 100, making it the best car insurance company for military-affiliated drivers.
1
GEICO
Score:83
GEICO received a perfect rating for financial stability. The insurer offers one unique coverage option, accident forgiveness. A policy for a 40-year-old driver costs $1,572 on average per year.
More About GEICO
WIth accident forgiveness, the cost of your premium won’t increase after your first at-fault accident. This coverage can be added to your policy if you’re 21 years old or older and you haven’t had an accident for five years. If someone else is covered under your policy, they can also use the accident forgiveness coverage. However, it can only be used once per policy.
Read MoneyGeek's GEICO auto Insurance Review2
Allstate
Score:63
Allstate received high scores for customer satisfaction and financial stability. In Fort Lauderdale, the average cost of a policy for a 40-year-old is $2,505 per year. The insurer offers three rare coverages: portable electronics and media coverage, sound system coverage and custom parts coverage.
More About Allstate
With portable electronics and media coverage, the loss of tapes, compact discs and other components related to your car’s sound system is covered. However, for this coverage to apply, you also need comprehensive coverage.
This company is a good choice for music-loving drivers, as it also offers sound system coverage. This feature covers your sound system itself, including all parts. Like the portable electronics and media coverage, it requires that you have comprehensive coverage.
Read MoneyGeek's Allstate auto Insurance Review3
MetLife
Score:63
4
State Farm
Score:62
5
Travelers
Score:62
6
Allied
Score:34
7
Progressive
Score:29
8
Mercury
Score:27
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, whereas drivers in the 33313 neighborhood pay around $2,555.
- Zip CodeState Minimumper year
- 33312$2,393
- 33311$2,525
- 33313$2,555
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.
About Mark Fitzpatrick
