Cheapest and Best Car Insurance in Gainesville, FL (July 2024)


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Updated: July 11, 2024

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The best car insurance company in Gainesville, Florida, depends on your coverage needs and preferences. GEICO is the most affordable for minimum coverage and families with teens. State Farm offers the lowest rates for full coverage and is the best overall, while Mercury excels in customer service.

MoneyGeek Logo IconBest & CheapestCar InsuranceGainesville
2024

Cheapest and Best Car Insurance in Gainesville

Why Trust MoneyGeek? We analyzed 127,836 quotes from nine insurance companies in Florida, used six sources and original research to rate the cheapest companies and developed a scoring system for insurers based on ZIP codes in Gainesville only. Our scoring considered affordability, customer satisfaction, claims experience, coverages offered and financial stability.

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These rates reflect the cheapest car insurance quotes in Gainesville, FL, as of July 2024.

127,836Quotes Analyzed
 
9Companies Compared

Cheapest Minimum Coverage Car Insurance in Gainesville

MoneyGeek found that GEICO has the cheapest car insurance in Gainesville.

  • GEICO: $491 per year
  • State Farm: $513 per year

Direct General Insurance has the highest annual premium at $1,209. This $718 gap highlights the importance of comparing rates to save on car insurance.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Minimum Coverage
GEICOAnnual Premium$491Monthly Premium$41
State FarmAnnual Premium$513Monthly Premium$43
TravelersAnnual Premium$617Monthly Premium$51
MercuryAnnual Premium$656Monthly Premium$55
NationwideAnnual Premium$743Monthly Premium$62
ProgressiveAnnual Premium$893Monthly Premium$74
AllstateAnnual Premium$917Monthly Premium$76
FarmersAnnual Premium$1,207Monthly Premium$101

State Minimum Liability Requirements

In Florida, state law requires these car insurance coverage minimums:

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

For example, if you're at fault in a minor accident, the state-required minimum may cover the repair cost of the other car. However, if it exceeds $10,000, you’d have to pay the difference out of pocket.

Cheapest Full Coverage Car Insurance in Gainesville

MoneyGeek found that State Farm offers Gainesville's cheapest full coverage car insurance. Here are the two most affordable providers:

  • State Farm: $1,114 per year
  • GEICO: $1,221 per year

Farmers charges the priciest full coverage policy at $2,550 annually, $1,436 more than State Farm. Comparing rates for full coverage car insurance is crucial because it provides comprehensive protection, which makes it more expensive than minimum coverage.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$1,114Monthly Premium$93
GEICOAnnual Premium$1,221Monthly Premium$102
TravelersAnnual Premium$1,325Monthly Premium$110
ProgressiveAnnual Premium$1,446Monthly Premium$121
NationwideAnnual Premium$1,490Monthly Premium$124
MercuryAnnual Premium$1,780Monthly Premium$148
AllstateAnnual Premium$1,965Monthly Premium$164
Direct General InsuranceAnnual Premium$2,354Monthly Premium$196

Why Full Coverage is Important in Florida

Full coverage raises the policy limits to $100,000 for bodily injury per person, $300,000 for bodily injury per accident and $100,000 for property damage per accident. This 100/300/100 policy ensures extensive liability coverage.

Full coverage insurance also includes the following:

  • Collision insurance covers repair costs if your car is damaged in a collision with another vehicle or an object like a tree or light pole. It also includes rollover accidents and pothole damage.

  • Comprehensive insurance covers theft, weather-related damage, vandalism, fires, natural disasters and being struck by animals like deer.

Leasing or financing a car usually requires full coverage insurance. It's also recommended for new vehicles to protect your investment. However, the extra cost might not be justified for older cars due to their lower value. Determine the amount of car insurance you need to balance adequate coverage with affordable premiums and avoid being underinsured.

Cheapest Car Insurance in Gainesville After a Driving Offense

MoneyGeek found that State Farm offers the cheapest policies across driving offenses in Gainesville:

  • Speeding Ticket: $1,252 per year
  • At-Fault Accident: $1,356 per year
  • DUI: $1,252 per year

State Farm's annual premium after a DUI is the same as a speeding ticket but varies after an at-fault accident. This difference highlights the financial impact of various driving infractions.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Incident:
Incident:Speeding
State FarmAnnual Premium$1,252Monthly Premium$104
NationwideAnnual Premium$1,749Monthly Premium$146
TravelersAnnual Premium$1,848Monthly Premium$154
ProgressiveAnnual Premium$1,937Monthly Premium$161
AllstateAnnual Premium$2,038Monthly Premium$170
Direct General InsuranceAnnual Premium$2,354Monthly Premium$196
GEICOAnnual Premium$2,393Monthly Premium$199
MercuryAnnual Premium$2,627Monthly Premium$219

In Gainesville, insurance rates rise with the severity of driving infractions because of their perceived higher risk. For instance, drivers with a speeding ticket face an average annual rate of $2,720, while those with a DUI offense see rates increase to an average of $3,093. With such a large gap, drivers with traffic violations should carefully compare quotes to find the most cost-efficient coverage.

Cheapest Car Insurance in Gainesville for Teens and Their Families

MoneyGeek found that Nationwide offers the cheapest car insurance for teens in Gainesville. These rates are for a policy covering two parents and a teenage driver:

  • Nationwide: $2,669 per year for female teens and $3,006 per year for male teens
  • State Farm: $3,177 per year for female teens
  • GEICO: $3,332 per year for male teens

Farmers offers the most expensive teen family policy, with premiums as high as $4,722 annually for females. The $2,053 difference between Nationwide and Farmers highlights the importance of comparing quotes, especially when adding a higher-risk teen driver to your policy.

Data filtered by:Results filtered by:
Age:
Age:16
Gender:
Gender:Female
NationwideFamily Plan Annual Premium$2,669Individual Plan Monthly Premium$4,630
State FarmFamily Plan Annual Premium$3,177Individual Plan Monthly Premium$3,083
GEICOFamily Plan Annual Premium$3,292Individual Plan Monthly Premium$3,526
TravelersFamily Plan Annual Premium$4,321Individual Plan Monthly Premium$7,345
AllstateFamily Plan Annual Premium$4,369Individual Plan Monthly Premium$15,835
ProgressiveFamily Plan Annual Premium$4,468Individual Plan Monthly Premium$6,106
FarmersFamily Plan Annual Premium$4,722Individual Plan Monthly Premium$10,570

Insurance premiums for individual teen policies average around $8,041 annually, compared to the $4,194 average for family plans. Insurers charge higher rates for individual plans due to teens' increased risk of accidents and claims. Many insurers prefer family plans over individual teen policies, highlighting the former's financial advantage.

Cheapest Car Insurance in Gainesville for Military Drivers

MoneyGeek found that State Farm is Gainesville's cheapest car insurance for military backgrounds.

  • State Farm: $1,114 per year
  • GEICO: $1,221 per year

USAA may not be among the cheapest options. Still, it serves the unique needs of active-duty military personnel, ranks competitively nationwide and remains a strong choice for military families.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$1,114Monthly Premium$93
GEICOAnnual Premium$1,221Monthly Premium$102
TravelersAnnual Premium$1,325Monthly Premium$110
ProgressiveAnnual Premium$1,446Monthly Premium$121
NationwideAnnual Premium$1,490Monthly Premium$124
MercuryAnnual Premium$1,780Monthly Premium$148
AllstateAnnual Premium$1,965Monthly Premium$164
Direct General InsuranceAnnual Premium$2,354Monthly Premium$196

How to Compare Cheap Gainesville Car Insurance Quotes Online

Comparing rates helps you save on car insurance in Gainesville. 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. Enter your key details like age, driving history, credit rating and coverage preferences to get an instant estimate.

Car Insurance Calculator

MoneyGeeks'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.

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Rates updated:

Jul 11, 2024

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Best Car Insurance in Gainesville: Summary

Choosing the right auto insurance depends on how you prioritize factors like service, cost and coverage. Here are the top insurers based on their leading MoneyGeek scores:

  • Best overall: State Farm (85 out of 100)
  • Best for service: Mercury (83 out of 100)
  • Best cheap: State Farm (86 out of 100)

State Farm is the best option for overall value and affordability, balancing service and cost-efficiency. Mercury, with its top-ranking customer service, is ideal if you want exceptional service.

Best Overall Car Insurance in Gainesville

MoneyGeek found that State Farm offers the best car insurance in Gainesville, providing top-notch service and affordability.

  • State Farm: MoneyGeek score of 85 out of 100 ($1,114 per year)
  • Mercury: MoneyGeek score of 81 out of 100 ($1,780 per year)

State Farm's full coverage policy stands out for its impressive balance of customer satisfaction and affordability. These factors underscore the insurer's ability to deliver value and quality service.

Company logo for State Farm
Best OverallState Farm
MoneyGeek Score:
85/ of 100

Overview

State Farm excels with outstanding affordability and claims handling scores. It offers common coverages like roadside assistance and rental car/travel reimbursement. Accident forgiveness coverage prevents rate increases after the first at-fault accident. State Farm's new car replacement and loss of use insurance cover alternative transportation costs when your car is undrivable.

Best Car Insurance in Gainesville for Customer Service

MoneyGeek found that Mercury is the best option in Gainesville for outstanding customer service in car insurance, regardless of cost

  • Mercury: MoneyGeek score of 83 out of 100 ($1,780 per year)
  • State Farm: MoneyGeek score of 75 out of 100 ($1,114 per year)

Mercury achieves the highest MoneyGeek score, driven by perfect satisfaction and efficient claims ratings. This underscores the company's ability to promptly and effectively meet customer needs.

Company logo for Mercury
Best for Customer ServiceMercury
MoneyGeek Score:
83/ of 100

Overview

Mercury's perfect satisfaction (45/45) and claims (30/30) scores reflect its reliability and customer-first approach. While it offers 24/7 roadside assistance and mechanical breakdown insurance for unexpected repairs, it lacks common coverages like rideshare insurance. Nonetheless, its high MoneyGeek score affirms its overall excellence in customer service.

Best Cheap Car Insurance Companies in Gainesville

MoneyGeek found that State Farm is the best option in Fort Lauderdale for affordable car insurance without compromising service quality.

  • State Farm: MoneyGeek score of 86 out of 100 ($513 per year)
  • Mercury: MoneyGeek score of 84 out of 100 ($656 per year)
Company logo for State Farm
Best Cheap CompanyState Farm
MoneyGeek Score:
86/ of 100

Overview

State Farm leads with a near-perfect affordability score (39/40), offering comprehensive protection at budget-friendly prices. With an annual premium averaging $513, drivers pay exceptionally little for minimum coverage. State Farm's array of discounts appeals to budget-conscious consumers, offering savings on bundling, multiple cars, safe driving, new vehicles, airbags, anti-theft systems and daytime running lights.

State Farm's impressive scores in other categories — such as satisfaction (19/25) and claims (19/20) — secure its top MoneyGeek score of 86/100.

Average Cost of Car Insurance in Gainesville

In Gainesville, the average premium is $1,699, below the state average of $2,392 and the national average of $1,781. Florida's average insurance cost exceeds the national average by $611.

Various factors influence insurance premiums, with location playing a key role. Accident frequency, theft rates, local laws and repair costs greatly impact local rates. In Florida, for example, Hialeah has the highest annual premium of $3,233, surpassing the state average by $841. Gainesville has the lowest premium at $1,699, $693 less than the state average. These variations highlight how location affects insurance costs, with rural areas often having lower premiums due to reduced accident risks.

BrandonAnnual Premium$2,650
Cape CoralAnnual Premium$1,868
ClearwaterAnnual Premium$2,273
Coral SpringsAnnual Premium$2,635
DavieAnnual Premium$2,567
Fort LauderdaleAnnual Premium$2,605
GainesvilleAnnual Premium$1,699
HialeahAnnual Premium$3,233
HollywoodAnnual Premium$2,724
JacksonvilleAnnual Premium$2,113
LakelandAnnual Premium$2,015
Lehigh AcresAnnual Premium$1,980
MiamiAnnual Premium$3,041
Miami GardensAnnual Premium$2,961
MiramarAnnual Premium$2,556
OrlandoAnnual Premium$2,146
Palm BayAnnual Premium$1,899
Pembroke PinesAnnual Premium$2,508
Pompano BeachAnnual Premium$2,696
Port St. LucieAnnual Premium$2,009
Spring HillAnnual Premium$2,152
St. PetersburgAnnual Premium$2,382
TallahasseeAnnual Premium$1,782
TampaAnnual Premium$2,855
West Palm BeachAnnual Premium$2,826

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick 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.