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

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.

MoneyGeek found that 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.

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.

MoneyGeek found that 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.

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.

MoneyGeek found that 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.

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.

MoneyGeek found that 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.

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.

MoneyGeek found that 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.

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.

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.

MoneyGeek found that 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.

MoneyGeek found that 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.

MoneyGeek found that 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.

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.