Your car insurance costs may change based on your driving history, age, coverage requirements and other factors.
GEICO is the cheapest car insurance company in Hollywood, Florida, for minimum coverage policies. However, State Farm offers the lowest rates for full coverage policies, drivers with violations and military-affiliated motorists. Teens can find the lowest prices from Nationwide.
Cheapest and Best Car Insurance in Hollywood
Cheapest Minimum Liability Car Insurance in Hollywood
MoneyGeek’s analysis shows the cheapest car insurance in Hollywood for minimum coverage policies are:
- GEICO: $609 per year
- State Farm: $863 per year
On the other hand, Direct General Insurance has the highest rates for minimum coverage insurance, costing approximately $1,570 per year.
At roughly $485 per year, the cheapest car insurance in Florida also comes from GEICO as of October 2022. Its rates are higher in Hollywood because location usually affects car insurance costs.
Florida establishes minimum coverage requirements for drivers in the state. It requires the following coverage limits:
- $10,000 property damage liability per accident
- $10,000 personal injury protection
Personal injury protection covers medical expenses, rehabilitation costs, loss of income and funeral expenses if you're held responsible for an accident.
If you have $10,000 in personal injury protection, your insurance company pays for damages up to that limit. If damages exceed $10,000, you must pay the remaining amount.
Cheapest Full Coverage Car Insurance in Hollywood
If you’re looking for full coverage car insurance, the cheapest options in Hollywood, Florida, are:
- State Farm: $1,645 per year
- GEICO: $1,648 per year
Direct General Insurance offers the most expensive full coverage policies, with an average yearly cost of $3,092.
As of October 2022, State Farm has the cheapest full coverage car insurance in Florida, averaging $1,058 per year. This is $587 less expensive than its rates in Hollywood, underlining the impact of location on car insurance prices.
A full coverage auto insurance policy provides more protection than a minimum coverage policy. It includes collision and comprehensive coverage in addition to the required liability limits.
- Collision Coverage: Covers damages to your car in the event of an accident, such as a collision with another vehicle or object.
- Comprehensive Coverage: Pays for your repair or replacement expenses from non-collision events, such as theft or natural disasters.
If you have a newer vehicle, full coverage insurance may be a wise investment to protect your new car. However, if your vehicle is older, the added cost of full coverage insurance may not be worth it.
Cheapest Car Insurance in Hollywood After a Driving Offense
If you have a driving violation, these are the most affordable car insurance providers in Hollywood:
- Speeding ticket: State Farm ($1,864 per year)
- At-fault accident: State Farm ($2,030 per year)
- DUI: State Farm ($1,864 per year)
In contrast, the city’s most expensive car insurance companies after a driving offense are:
- Speeding Ticket: Progressive ($3,466 per year)
- At-Fault Accident: Allstate ($5,252 per year)
- DUI: Nationwide ($4,539 per year)
If you have a driving violation on your record, you may face increased premiums even with insurance from an affordable provider.
If you have a driving violation, your car insurance premium may increase. The added expense depends on the severity of your violation.
For instance, if you have a DUI in Hollywood, Florida, you might have to pay $406 more than someone with a speeding ticket. By shopping around, you can still find affordable auto insurance with a bad driving record.
Cheapest Car Insurance in Hollywood for Teens and Their Families
MoneyGeek's research shows these companies offer the cheapest car insurance in Hollywood for teen drivers on a family plan:
- Nationwide: $4,673 per year for female teens; $5,263 per year for male teens
- State Farm: $5,587 per year for female teens
- GEICO: $5,858 per year for male teens
Progressive and Travelers charge the highest rates for teen drivers, with an average cost of $7,662 and $8,173 per year for female and male teen drivers, respectively.
Male teen drivers are often seen as higher risk than female teen drivers. So they may face higher premiums. However, this difference in rates tends to decrease as they reach adulthood.
Car insurance for teen drivers can be costly. Adding your teen to your family's policy can be more cost-effective than getting them their own policy. This can save you around $4,940 annually for a male teenager.
Additionally, you can save by comparing offers for cheap car insurance for teens.
Cheapest Car Insurance in Hollywood for Military Drivers
The cheapest full coverage car insurance for military-affiliated drivers in Hollywood, Florida, are:
- State Farm: $1,645 per year
- GEICO: $1,648 per year
USAA is another cost-effective insurance company for veterans, military personnel and their families.
For drivers with military backgrounds seeking minimum coverage policies, the two most affordable options in Hollywood are GEICO and State Farm. They have average annual premiums of $609 and $863, respectively.
How to Compare Cheap Hollywood Car Insurance Quotes Online
If you’re getting car insurance quotes online, you may have to put in a lot of your personal information and spend roughly 15 minutes on each attempt.
You can use MoneyGeek’s car insurance calculator to save time and effort. Our tool provides estimates instantly based on your age, vehicle type, driving history and preferred coverage.
Auto Insurance Calculator
See how the Average Annual Auto Insurance Rates vary with the options chosen.
Best Car Insurance in Hollywood: Summary
The best car insurance for you will depend on your preferences and how you value service quality, cost, coverage options and other factors.
MoneyGeek has done the research and identified the top car insurance companies in Hollywood for various driver needs:
- Best overall: State Farm (MoneyGeek score of 76 out of 100)
- Best for service: Travelers (MoneyGeek score of 60 out of 100)
- Best cheap: GEICO: (MoneyGeek score of 78 out of 100)
A company's MoneyGeek score may change depending on its category.
State Farm is also our top choice for the best car insurance company in Florida.
Best Overall Car Insurance in Hollywood
MoneyGeek’s analysis reveals the best overall car insurance providers in Hollywood, Florida, are:
- State Farm: MoneyGeek score of 76 out of 100 ($1,645 per year)
- GEICO: MoneyGeek score of 75 out of 100 ($1,648 per year)
State Farm stands out as the best due to its balance of low premiums and exceptional customer service. This means State Farm doesn't sacrifice service quality for affordable prices.
Lowest premiums in Hollywood at $1,645 per year
Outstanding customer support
Roadside assistance is an optional coverage
Poor claims management
Lacks OEM coverage and gap insurance
State Farm is MoneyGeek’s pick for the best overall car insurance provider in Hollywood. It offers the cheapest rates in the city and has a solid customer service reputation. Although its add-on coverages are limited, you can find useful options for your policy.
For example, State Farm offers roadside assistance coverage, which can help in an emergency. This help includes mechanical labor, towing, locksmith services and gas, oil, battery or tire delivery. This may be useful if you want peace of mind in case of unexpected problems on the road.
State Farm also has rental car and travel reimbursement coverage. This option reimburses rental car and travel expenses (including meals, lodging and transportation). It also covers up to $500 of your deductible if you’re responsible for an accident in your rental car.
Best Car Insurance in Hollywood for Customer Service
If cost isn't a concern, the following are the top car insurance providers in Hollywood for customer service:
- Travelers: MoneyGeek score of 60 out of 100 ($2,011 per year)
- State Farm: MoneyGeek score of 58 out of 100 ($1,645 per year)
We choose Travelers because of its reputation for exceptional customer satisfaction and the add-on coverages it offers.
Travelers offers superior service while keeping its prices relatively low, giving you more value.
Superb customer service
Provides useful add-on coverages
Offers accident forgiveness
Lacks OEM coverage
For those who value customer service, Travelers is the best option for car insurance in Hollywood. It has exceptional customer service and useful coverage options.
Travelers offers the Responsible Driver Plan, which includes accident forgiveness. This add-on protects you from premium increases after your first accident within a specified timeframe.
You can enhance your policy with Travelers' gap insurance if you have a financed or leased vehicle. This covers the difference between your car's value and your loan or lease balance if your vehicle is totaled.
Travelers also provides rental car reimbursement, which covers renting a car if your vehicle is not operational due to a covered accident and requires repairs for over 24 hours.
Best Cheap Car Insurance Companies in Hollywood
MoneyGeek studied the affordability and service quality of auto insurance policies meeting Florida’s minimum requirements. Based on that, Hollywood's best car insurance providers are:
- GEICO: MoneyGeek score of 78 out of 100 ($609 per year)
- Travelers: MoneyGeek score of 68 out of 100 ($915 per year)
Choosing a minimum coverage policy may help reduce your premiums, but these policies offer limited protection against liability costs and don't cover damages to your vehicle in the event of an accident.
Although you may save money with a minimum coverage policy, you may also lose a lot of money after an accident.
Affordable minimum coverage policy costs $609 per year
Discounts for bundling, airbags and anti-lock brakes
Outstanding customer service reputation
Poor claims management
For affordable minimum coverage car insurance, GEICO stands out as the best in Hollywood. It balances affordable premiums and high-quality customer service, making it an excellent choice for the best value for your money.
GEICO offers discounts to help you save even more. Some of its discounts include savings for bundling your car insurance with other GEICO products, being accident-free for five years and having airbags and anti-theft systems.
Additionally, GEICO has discount opportunities that aren’t commonly found in other companies. This includes having anti-lock brakes, installing daytime running lights and always wearing your seatbelt.
You can also receive discounts from GEICO if you’re a teacher, federal employee, active-duty or retired military personnel or over 50.
Average Cost of Car Insurance in Hollywood
According to MoneyGeek’s analysis, the average cost of full coverage auto insurance in Hollywood is $2,211 per year. This estimate is for a full coverage car insurance policy with $100,000 bodily injury liability per person, $300,000 in bodily injury liability per accident and $100,000 in property damage liability per accident.
Car insurance in Hollywood, Florida, is approximately $276 more expensive compared to the cost of car insurance in the state of Florida. It’s also $946 pricier than the national average. This shows how location can impact your car insurance rates.
About Mark Fitzpatrick