Hollywood, Florida's most cost-effective car insurance varies by coverage and driver profile. Travelers is the cheapest for full coverage, while GEICO offers the lowest rates for minimum coverage. Families with teens save the most with Nationwide. Mercury tops the list for customer service and overall value, combining competitive pricing with exceptional service. The best insurance for you depends on your specific needs and preferences.
Cheapest and Best Car Insurance in Hollywood, FL (2024)
GEICO offers the cheapest minimum coverage in Hollywood, Florida, at $804 annually. Mercury is the best insurance provider for service and affordability, with a MoneyGeek score of 84 out of 100.
Updated: November 19, 2024
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Cheapest and Best Car Insurance in Hollywood
Why Trust MoneyGeek? We analyzed 127,836 quotes from nine companies in Florida, used six sources and original research to rate the cheapest companies and developed a scoring system for insurance providers based on ZIP codes in Hollywood only. Our scores are based on affordability, customer satisfaction, claims experience, coverages offered and financial stability.
These rates reflect the cheapest car insurance quotes in Hollywood, FL, as of July 2024.
Cheapest Minimum Coverage Car Insurance in Hollywood
GEICO offers the cheapest car insurance in Hollywood. Here are the lowest rates for minimum coverage policies:
- GEICO: $804 per year
- Travelers: $899 per year
Direct General Insurance offers the most expensive minimum coverage policy at $1,945 per year. This $1,141 difference from GEICO's rate highlights the importance of comparing rates to save money on car insurance.
- 22-29
- 30-59
- 60 +
- Full Coverage
- Minimum Coverage
GEICO | $804 | $67 |
Travelers | $899 | $75 |
Mercury | $975 | $81 |
State Farm | $1,211 | $101 |
Nationwide | $1,322 | $110 |
Allstate | $1,365 | $114 |
Progressive | $1,405 | $117 |
Farmers | $1,618 | $135 |
Direct General Insurance | $1,945 | $162 |
State Minimum Liability Requirements
Florida law requires the following minimum car insurance coverage:
- $10,000 property damage liability per accident
- $10,000 personal injury protection per person
For example, if you're at fault in an accident with $15,000 in property damage, your basic policy would cover only $10,000. This means you'd have to pay the $5,000 difference out of pocket.
Cheapest Full Coverage Car Insurance in Hollywood
Travelers offers the cheapest full coverage car insurance in Hollywood.
- Travelers: $1,947 per year
- GEICO: $2,162 per year
Direct General Insurance's full coverage policy costs $4,095 annually, the highest among providers. The $2,148 gap between the cheapest and most expensive options shows the importance of comparing rates to save on comprehensive coverage.
- 22-29
- 30-59
- 60 +
- Full Coverage
- Minimum Coverage
Travelers | $1,947 | $162 |
GEICO | $2,162 | $180 |
State Farm | $2,200 | $183 |
Progressive | $2,429 | $202 |
Mercury | $2,567 | $214 |
Nationwide | $2,674 | $223 |
Allstate | $3,120 | $260 |
Farmers | $3,241 | $270 |
Direct General Insurance | $4,095 | $341 |
Why You Need Full Coverage in Florida
A standard full coverage insurance plan extends the liability coverage beyond baseline requirements. This plan provides $100,000 for bodily injury liability per person, $300,000 for bodily injury per incident and $100,000 for property damage liability per accident. This level of coverage is typically known as a 100/300/100 policy.
Full coverage policies also provide these insurance types:
- Collision insurance: This covers repair costs if your vehicle collides with another vehicle or object like a light pole or tree. It also covers rollover accidents and pothole damage.
- Comprehensive insurance: This coverage reimburses for theft and vehicle damage from vandalism, fires, natural disasters or hitting an animal.
Full coverage insurance is usually required if you're leasing or financing a car. It's also recommended for new vehicle owners to protect their investment. However, for older vehicles, the cost of full coverage may not be worth it. Consider how much car insurance you need to balance higher premiums and the risk of being underinsured.
Cheapest Car Insurance in Hollywood After a Driving Offense
State Farm offers the cheapest policy for drivers with a poor driving record in Hollywood across these driving offenses:
- Speeding ticket: $2,496 per year
- At-fault accident: $2,719 per year
- DUI: $2,496 per year
Nationwide is the most expensive for a DUI at $6,194, showing how offense severity affects premiums. The $3,698 difference between State Farm for speeding tickets and Nationwide for DUI highlights this impact.
- 22-29
- 30-59
- 60 +
- Full Coverage
- Minimum Coverage
- Accident
- DUI
- Speeding
State Farm | $2,496 | $208 |
Travelers | $2,754 | $229 |
Nationwide | $3,192 | $266 |
Allstate | $3,390 | $283 |
Progressive | $3,423 | $285 |
Mercury | $3,764 | $314 |
Direct General Insurance | $4,095 | $341 |
Farmers | $4,106 | $342 |
GEICO | $4,363 | $364 |
In Hollywood and elsewhere, insurance rates rise with the severity of driving offenses due to higher risk to insurers. For instance, a speeding ticket leads to an average annual premium of $4,568, while a DUI results in around $5,254 annually. This big difference emphasizes the need to compare quotes, especially for drivers with infractions, to find the most cost-effective coverage.
Cheapest Car Insurance in Hollywood for Teens and Their Families
Nationwide offers the cheapest car insurance for teens in Hollywood. Below are the lowest premiums for policies covering two parents and a teen driver:
- Nationwide: $4,673 per year for female teens and $5,263 per year for male teens
- State Farm: $5,587 per year for female teens
- GEICO: $5,858 per year for male teens
Travelers charges the highest at $8,173 per year for male teens. Choosing Nationwide over Travelers for female teens can save parents up to $3,500 annually. Comparing insurance quotes is crucial, given the higher risks of insuring teenage drivers.
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- 23
- 24
- 25
- Female
- Male
Nationwide | $4,673 | $8,107 |
State Farm | $5,587 | $5,422 |
GEICO | $5,787 | $6,199 |
Travelers | $6,506 | $11,059 |
Allstate | $6,510 | $23,596 |
Farmers | $7,406 | $16,576 |
Progressive | $7,662 | $10,471 |
Joining family plans can significantly reduce teen car insurance costs. Individual policies average $12,832 annually, while adding a teen to a family plan costs about $6,843 – nearly half the price. Insurers charge higher rates for individual teen policies due to their higher risk. Also, teenagers may face challenges securing an individual policy due to stringent underwriting criteria and limited credit history. Family plans offer a more affordable and accessible option for teen drivers.
Cheapest Car Insurance in Hollywood for Military Drivers
Travelers offers the cheapest car insurance for military backgrounds. Here are the two most affordable providers:
- Travelers: $1,947 per year
- GEICO: $2,162 per year
USAA is typically a competitive insurer for military members nationwide. However, its sample quotes are unavailable in this dataset. Still, USAA is known for providing affordable insurance options tailored to the needs of active-duty military personnel.
- 22-29
- 30-59
- 60 +
- Full Coverage
- Minimum Coverage
Travelers | $1,947 | $162 |
GEICO | $2,162 | $180 |
State Farm | $2,200 | $183 |
Progressive | $2,429 | $202 |
Mercury | $2,567 | $214 |
Nationwide | $2,674 | $223 |
Allstate | $3,120 | $260 |
Farmers | $3,241 | $270 |
Direct General Insurance | $4,095 | $341 |
How to Compare Cheap Hollywood Car Insurance Quotes Online
Comparing rates helps you save on car insurance in Hollywood. Typically, it takes over 15 minutes per company, adding up to over an hour for three providers. MoneyGeek's car insurance calculator simplifies this process. Just input your age, driving history, credit score, coverage preferences and other details to get instant and personalized estimates.
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 05, 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 Hollywood: Summary
Choosing the right auto insurance depends on your priorities, like service, cost and coverage. MoneyGeek uses a unique scoring system to identify Hollywood's top car insurance provider:
- Best overall: Mercury (MoneyGeek score 84 out of 100)
- Best for service: Mercury (MoneyGeek score 83 out of 100)
- Best cheap: Mercury (MoneyGeek score 86 out of 100)
Mercury offers exceptional value across service quality, affordability and comprehensive coverage.
Best Overall Car Insurance in Hollywood
Mercury offers the best car insurance in Hollywood.
- Mercury: MoneyGeek score of 84 out of 100 ($2,567 per year)
- State Farm: MoneyGeek score of 82 out of 100 ($2,200 per year)
Mercury achieves the highest MoneyGeek score primarily due to exceptional satisfaction and claims ratings, showcasing its ability to deliver excellent service and reliability in full coverage policies.
Mercury's perfect satisfaction and claims scores drive its high MoneyGeek rating, reflecting excellent customer service and efficient claims processing. The insurer offers essential coverages like rental car and/or travel reimbursement, roadside assistance and mechanical breakdown insurance, providing financial protection against sudden repairs. Despite its lower coverage score, Mercury remains a top choice for insurance due to its comprehensive features and outstanding service ratings.
- Ranks first in the city for claims satisfaction
- Ranks second in the city for key coverages
- Ranks fifth in the city for cost, with an average annual premium of $2,567
- Doesn't offer OEM coverage or gap insurance
MoneyGeek ranks Hollywood's top car insurers, prioritizing customer satisfaction and cost effectiveness while also considering claims processing, coverage options and financial health.
Best Car Insurance in Hollywood for Customer Service
Mercury is the best option in Hollywood for excellent customer service.
- Mercury: MoneyGeek score of 83 out of 100 ($2,567 per year)
- State Farm: MoneyGeek score of 75 out of 100 ($2,200 per year)
Mercury's top-notch client satisfaction and claims handling drive its high MoneyGeek score, making it a leading provider of service quality, regardless of price.
Mercury emphasizes service excellence with its high MoneyGeek scores in satisfaction (45/45) and claims (30/30). It offers 24/7 roadside assistance and rental car/travel reimbursement, ensuring reliable support during emergencies. Its mechanical breakdown insurance covers repairs beyond the manufacturer’s warranty. Despite lacking some standard coverage offerings, Mercury remains a top choice for exceptional customer experience.
- Ranks first in the city for customer satisfaction and claims handling
- Offers mechanical breakdown insurance and roadside assistance, ranking second for key coverages
MoneyGeek ranks Hollywood's insurance providers based on customer satisfaction, efficient claims processing, coverage options and financial stability
Best Cheap Car Insurance Companies in Hollywood
Mercury offers the best cheap car insurance in Hollywood, combining low cost with exceptional customer service.
- Mercury: MoneyGeek score of 86 out of 100 ($975 per year)
- Travelers: MoneyGeek score of 81 out of 100 ($899 per year)
Mercury excels with affordable premiums alongside high customer satisfaction and claims handling scores. Its top MoneyGeek score proves that a minimum coverage policy doesn't necessarily compromise service quality.
Mercury excels with perfect satisfaction and claims handling scores, boosting its MoneyGeek Score. It also scores high in affordability (36/40), offering an annual premium of only $975 for minimum coverage.
Various discounts provide greater value for money, including common ones like anti-theft system, bundling policies, multiple cars, safe driving and paperless transactions. Mercury also offers rare ones like automatic payment and pay-in-full discounts.
- Ranks first in the city for customer satisfaction and claims handling
- Offers rare discounts like automatic payment and teacher benefits
MoneyGeek’s best car insurance ratings in Hollywood prioritize affordable minimum coverage and client satisfaction while also considering claims, coverage options and company stability.
Average Cost of Car Insurance in Hollywood
Hollywood's average car insurance cost is $2,724 annually, $332 above the state average of $2,392. Both city and state averages surpass the national average of $1,781, with Florida's average higher by $611.
Insurers calculate premiums based on driving history, vehicle type and coverage choices, with location playing a crucial role. Urban areas with high traffic density face higher premiums due to increased accident and theft risks. For instance, Hialeah has Florida's priciest premium at $2,579, while Gainesville has the lowest at $1,367 — a $1,212 difference highlighting the location's impact on rates. Less populated areas outside cities typically see lower premiums due to reduced traffic density.
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.