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Travelers offers the cheapest minimum and full coverage car insurance in Florida. State Farm is the most affordable for many other drivers. But depending on your risk factors, Nationwide might have better rates.

If you’re looking for a blend of affordability and quality service, consider MoneyGeek’s breakdown of the best car insurance companies in Florida.

Si quiere leer sobre el seguro de auto más barato en Florida en español, haga clic aquí.

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2023

Table of Contents

Cheapest Minimum Liability Car Insurance in Florida (November 2023)

The most affordable car insurance providers in Florida for a minimum coverage policy are:

  • Travelers: $642 per year
  • GEICO: $645 per year

Direct General Insurance is the most expensive car insurance company in Florida for minimum coverage, with an average annual premium of $1,434.

Auto insurance that meets Florida’s minimum insurance requirements only covers property damage liability (PDL) and personal injury protection (PIP).

Company
Annual Premium
Monthly Premium

GEICO

$593

$49

Travelers

$623

$52

Travelers

$642

$53

GEICO

$645

$54

State Farm

$646

$54

State Farm

$694

$58

Travelers

$701

$58

Nationwide

$717

$60

Mercury

$742

$62

Nationwide

$754

$63

State Farm

$791

$66

Mercury

$805

$67

GEICO

$845

$70

Nationwide

$861

$72

Allstate

$949

$79

Allstate

$983

$82

Allstate

$1,004

$84

Mercury

$1,017

$85

Progressive

$1,138

$95

Progressive

$1,155

$96

State Farm

$1,267

$106

Progressive

$1,291

$108

Travelers

$1,297

$108

Travelers

$1,360

$113

Direct General Insurance

$1,374

$114

State Farm

$1,380

$115

Farmers

$1,381

$115

Nationwide

$1,391

$116

Farmers

$1,420

$118

Direct General Insurance

$1,434

$120

Nationwide

$1,487

$124

GEICO

$1,499

$125

Travelers

$1,555

$130

Farmers

$1,584

$132

GEICO

$1,611

$134

State Farm

$1,636

$136

Direct General Insurance

$1,714

$143

Nationwide

$1,748

$146

Progressive

$1,909

$159

Mercury

$1,913

$159

Progressive

$1,952

$163

Mercury

$1,976

$165

Allstate

$2,027

$169

Allstate

$2,109

$176

Allstate

$2,233

$186

GEICO

$2,276

$190

Progressive

$2,296

$191

Direct General Insurance

$2,583

$215

Direct General Insurance

$2,641

$220

Farmers

$2,785

$232

Mercury

$2,819

$235

Farmers

$2,961

$247

Direct General Insurance

$3,359

$280

Farmers

$3,406

$284

A minimum coverage policy only covers the cost of damages or injuries you cause to others. If you want broader financial protection, consider a full coverage policy with comprehensive and collision insurance. Full coverage extends to damages to your own vehicle.

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Cheapest Full Coverage Car Insurance in Florida (November 2023)

On average, the cheapest full coverage car insurance in Florida is offered by:

  • Travelers: $1,360 per year
  • State Farm: $1,380 per year

Farmers charges the most for full coverage in Florida, at roughly $2,785 per year.

Adding comprehensive and collision coverage to your auto insurance can increase your annual premium by around $718.

Full coverage car insurance offers more financial protection if you need to file a claim. It covers damages due to on-road accidents (hitting another vehicle or object) and off-road incidents (like theft, fire, vandalism or flooding).

Company
Annual Premium
Monthly Premium

GEICO

$593

$49

Travelers

$623

$52

Travelers

$642

$53

GEICO

$645

$54

State Farm

$646

$54

State Farm

$694

$58

Travelers

$701

$58

Nationwide

$717

$60

Mercury

$742

$62

Nationwide

$754

$63

State Farm

$791

$66

Mercury

$805

$67

GEICO

$845

$70

Nationwide

$861

$72

Allstate

$949

$79

Allstate

$983

$82

Allstate

$1,004

$84

Mercury

$1,017

$85

Progressive

$1,138

$95

Progressive

$1,155

$96

State Farm

$1,267

$106

Progressive

$1,291

$108

Travelers

$1,297

$108

Travelers

$1,360

$113

Direct General Insurance

$1,374

$114

State Farm

$1,380

$115

Farmers

$1,381

$115

Nationwide

$1,391

$116

Farmers

$1,420

$118

Direct General Insurance

$1,434

$120

Nationwide

$1,487

$124

GEICO

$1,499

$125

Travelers

$1,555

$130

Farmers

$1,584

$132

GEICO

$1,611

$134

State Farm

$1,636

$136

Direct General Insurance

$1,714

$143

Nationwide

$1,748

$146

Progressive

$1,909

$159

Mercury

$1,913

$159

Progressive

$1,952

$163

Mercury

$1,976

$165

Allstate

$2,027

$169

Allstate

$2,109

$176

Allstate

$2,233

$186

GEICO

$2,276

$190

Progressive

$2,296

$191

Direct General Insurance

$2,583

$215

Direct General Insurance

$2,641

$220

Farmers

$2,785

$232

Mercury

$2,819

$235

Farmers

$2,961

$247

Direct General Insurance

$3,359

$280

Farmers

$3,406

$284

How much car insurance you need will significantly impact your rates. MoneyGeek's sample full coverage policy features liability protection with the following limits:

  • $100,000 bodily injury per person
  • $300,000 bodily injury per accident
  • $100,000 property damage per accident

Lowering your liability limits, removing comprehensive and collision coverage or raising your deductible could help you reduce your insurance payments. However, you risk paying more out of pocket in case of an accident or other event and could be financially devastated by an at-fault accident that includes property damage and injuries.

How to Compare Cheap Florida Car Insurance Quotes Online

Many auto insurance companies generate quotes online, but the process can take up to 15 minutes and requires that you submit personal information. To compare rates, you’ll have to submit your information to multiple insurer websites, which requires additional time. Another option is to obtain quotes through local insurance agents.

Instead, MoneyGeek offers a car insurance calculator to help you get a quick estimate without providing personal information to multiple insurers. Get started by selecting your age, sex and driving record below.

Auto Insurance Calculator

See how the Average Annual Auto Insurance Rates vary with the options chosen.

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Cheapest Car Insurance in Florida by Age (November 2023)

Your age is a key factor that determines how much you pay for car insurance in Florida. Travelers, Nationwide and State Farm have the lowest prices on average for various age groups in your family.

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CHEAPEST CAR INSURANCE COMPANIES BY AGE

Cheapest for teens: Nationwide
Cheapest for young adults: Travelers
Cheapest for seniors: State Farm

Cheapest Car Insurance in Florida for Teens and Their Families (November 2023)

The following companies tend to offer the cheapest car insurance for teens on a parent’s policy in Florida:

  • Nationwide: $3,267 per year for male teens and $2,896 per year for female teens
  • State Farm: $3,955 per year for male teens and $3,214 per year for female teens

As the teen policyholder's age increases, car insurance premiums decrease significantly. In Florida, the cheapest car insurance provider for 19-year-old males is Nationwide ($2,795 per year).

On the other hand, Farmers charges the most for male teens, with an average cost of $5,063 and Progressive charges the most for females with an average cost of $5.035. These rates are for a 16-year-old on their parent’s policy.

On average, it's much cheaper to add a teen to your policy than to buy a separate one for them. And usually, teens under age 18 cannot legally purchase their own auto insurance policy — the law requires a parent or guardian to co-sign on the policy. A 16-year-old Floridian might pay $9,389 per year if they buy their own policy versus $4,449 if their parents add them to an existing policy — that’s a $4,940 difference.

Company
Family Plan Annual Premium
Individual Plan Annual Premium

Travelers

$1,600

$1,884

Travelers

$1,608

$1,861

State Farm

$1,641

$1,573

State Farm

$1,707

$1,638

GEICO

$1,713

$2,168

State Farm

$1,777

$1,709

Nationwide

$1,807

$2,421

Travelers

$1,819

$2,104

GEICO

$1,832

$2,319

Travelers

$1,833

$2,159

Travelers

$1,864

$2,157

Nationwide

$1,879

$2,840

State Farm

$1,882

$1,811

Travelers

$1,886

$2,472

Travelers

$1,962

$2,310

GEICO

$1,966

$2,489

Travelers

$1,971

$2,281

State Farm

$1,982

$1,909

Nationwide

$1,984

$2,121

State Farm

$2,005

$2,138

Nationwide

$2,045

$2,020

State Farm

$2,049

$1,972

Nationwide

$2,057

$2,032

Nationwide

$2,084

$2,227

GEICO

$2,089

$2,644

Travelers

$2,115

$2,840

State Farm

$2,128

$2,051

Nationwide

$2,159

$2,133

Travelers

$2,167

$2,551

State Farm

$2,196

$2,341

Nationwide

$2,204

$2,953

Nationwide

$2,225

$2,378

Allstate

$2,229

$3,815

Travelers

$2,242

$2,939

Nationwide

$2,280

$2,253

Allstate

$2,324

$9,316

GEICO

$2,333

$2,090

Travelers

$2,333

$4,301

State Farm

$2,344

$2,258

State Farm

$2,346

$2,527

Allstate

$2,347

$2,662

Nationwide

$2,383

$3,603

Allstate

$2,400

$3,988

Nationwide

$2,414

$2,580

State Farm

$2,464

$2,627

Nationwide

$2,516

$3,371

GEICO

$2,550

$2,284

State Farm

$2,557

$2,985

Travelers

$2,576

$3,458

Allstate

$2,589

$2,694

Travelers

$2,611

$3,422

State Farm

$2,669

$2,875

GEICO

$2,693

$2,939

GEICO

$2,695

$2,867

Allstate

$2,723

$3,087

Allstate

$2,758

$11,073

GEICO

$2,768

$2,479

Nationwide

$2,795

$4,226

Travelers

$2,802

$5,306

Progressive

$2,857

$2,645

State Farm

$2,863

$3,344

Allstate

$2,896

$3,283

Nationwide

$2,896

$5,792

Nationwide

$2,896

$5,792

Nationwide

$2,896

$5,792

Allstate

$2,916

$4,991

Farmers

$2,925

$3,032

Travelers

$2,941

$5,421

GEICO

$2,987

$2,675

State Farm

$3,021

$3,254

Allstate

$3,027

$3,150

Travelers

$3,079

$4,133

State Farm

$3,092

$3,710

Farmers

$3,129

$3,256

State Farm

$3,214

$3,751

Allstate

$3,229

$3,360

Allstate

$3,259

$3,694

Nationwide

$3,267

$7,274

Nationwide

$3,267

$7,274

Nationwide

$3,267

$7,274

Allstate

$3,303

$3,438

Progressive

$3,312

$3,068

Farmers

$3,398

$8,534

Progressive

$3,409

$2,773

Farmers

$3,425

$2,726

GEICO

$3,459

$3,679

Allstate

$3,482

$5,786

State Farm

$3,496

$4,198

Farmers

$3,506

$8,939

GEICO

$3,527

$3,849

Farmers

$3,538

$2,805

Allstate

$3,560

$6,091

Farmers

$3,568

$2,828

Farmers

$3,580

$2,850

Travelers

$3,594

$6,805

Farmers

$3,596

$2,851

Progressive

$3,596

$3,330

Allstate

$3,599

$14,424

Progressive

$3,642

$4,245

Farmers

$3,658

$9,184

Farmers

$3,674

$2,912

Allstate

$3,680

$6,114

Farmers

$3,690

$9,404

Progressive

$3,692

$4,046

Farmers

$3,721

$2,962

GEICO

$3,800

$4,042

GEICO

$3,800

$4,147

Progressive

$3,800

$3,093

Farmers

$3,890

$3,097

State Farm

$3,955

$4,747

Travelers

$3,970

$7,319

GEICO

$4,020

$4,410

Progressive

$4,034

$3,282

Progressive

$4,035

$4,708

Allstate

$4,052

$16,264

Progressive

$4,091

$7,023

Progressive

$4,108

$4,504

Progressive

$4,132

$3,824

GEICO

$4,150

$4,278

Progressive

$4,195

$7,538

Allstate

$4,226

$16,936

GEICO

$4,267

$4,680

GEICO

$4,299

$4,432

Farmers

$4,351

$4,527

Allstate

$4,398

$17,651

GEICO

$4,452

$4,589

GEICO

$4,471

$4,903

Farmers

$4,569

$4,754

Progressive

$4,601

$5,045

Progressive

$4,637

$5,407

Farmers

$4,642

$4,814

Progressive

$4,742

$3,855

Farmers

$4,802

$4,981

Progressive

$4,810

$8,256

Progressive

$4,824

$8,666

Farmers

$4,941

$12,600

Travelers

$4,957

$9,383

Progressive

$5,035

$8,642

Progressive

$5,035

$9,046

Farmers

$5,063

$12,718

mglogo icon
MONEYGEEK EXPERT TIP

On average, car insurance rates for male teens tend to be significantly more expensive than for female teens. That is because teen boys pose a greater risk because they have a higher rate of accident frequency and moving violations than teen girls. The rate difference is not as notable when drivers reach their 20s and beyond. — Mark Friedlander, Director, Corporate Communications, Insurance Information Institute

Most of these insurers offer discounts for both students away from home and students with good grades. GEICO and Nationwide only offer discounts for strong academic performance.

Cheapest Car Insurance in Florida for Young Adults (November 2023)

The cheapest car insurance companies for Florida drivers in their 20s are:

  • Travelers: $1,555 per year
  • State Farm: $1,636 per year

Farmers is the least affordable car insurance provider for young adults at $3,406 per year on average. Twenty-five-year-old drivers in Florida pay roughly $195 more for car insurance each year than middle-aged drivers.

Company
Annual Premium
Monthly Premium

GEICO

$593

$49

Travelers

$623

$52

Travelers

$642

$53

GEICO

$645

$54

State Farm

$646

$54

State Farm

$694

$58

Travelers

$701

$58

Nationwide

$717

$60

Mercury

$742

$62

Nationwide

$754

$63

State Farm

$791

$66

Mercury

$805

$67

GEICO

$845

$70

Nationwide

$861

$72

Allstate

$949

$79

Allstate

$983

$82

Allstate

$1,004

$84

Mercury

$1,017

$85

Progressive

$1,138

$95

Progressive

$1,155

$96

State Farm

$1,267

$106

Progressive

$1,291

$108

Travelers

$1,297

$108

Travelers

$1,360

$113

Direct General Insurance

$1,374

$114

State Farm

$1,380

$115

Farmers

$1,381

$115

Nationwide

$1,391

$116

Farmers

$1,420

$118

Direct General Insurance

$1,434

$120

Nationwide

$1,487

$124

GEICO

$1,499

$125

Travelers

$1,555

$130

Farmers

$1,584

$132

GEICO

$1,611

$134

State Farm

$1,636

$136

Direct General Insurance

$1,714

$143

Nationwide

$1,748

$146

Progressive

$1,909

$159

Mercury

$1,913

$159

Progressive

$1,952

$163

Mercury

$1,976

$165

Allstate

$2,027

$169

Allstate

$2,109

$176

Allstate

$2,233

$186

GEICO

$2,276

$190

Progressive

$2,296

$191

Direct General Insurance

$2,583

$215

Direct General Insurance

$2,641

$220

Farmers

$2,785

$232

Mercury

$2,819

$235

Farmers

$2,961

$247

Direct General Insurance

$3,359

$280

Farmers

$3,406

$284

Cheapest Car Insurance in Florida for Seniors (November 2023)

The cheapest car insurance companies in Florida for senior drivers are:

  • State Farm: $1,267 per year
  • Travelers: $1,297 per year

Farmers has the most expensive car insurance rates for seniors, at approximately $2,961 per year.

Floridians in their 60s pay slightly less on average for auto insurance than drivers in their 40s and 50s, about $93 per year. However, rates tend to increase as drivers reach their 70s and 80s due to a higher volume of accident frequency and severity.

Company
Annual Premium
Monthly Premium

GEICO

$593

$49

Travelers

$623

$52

Travelers

$642

$53

GEICO

$645

$54

State Farm

$646

$54

State Farm

$694

$58

Travelers

$701

$58

Nationwide

$717

$60

Mercury

$742

$62

Nationwide

$754

$63

State Farm

$791

$66

Mercury

$805

$67

GEICO

$845

$70

Nationwide

$861

$72

Allstate

$949

$79

Allstate

$983

$82

Allstate

$1,004

$84

Mercury

$1,017

$85

Progressive

$1,138

$95

Progressive

$1,155

$96

State Farm

$1,267

$106

Progressive

$1,291

$108

Travelers

$1,297

$108

Travelers

$1,360

$113

Direct General Insurance

$1,374

$114

State Farm

$1,380

$115

Farmers

$1,381

$115

Nationwide

$1,391

$116

Farmers

$1,420

$118

Direct General Insurance

$1,434

$120

Nationwide

$1,487

$124

GEICO

$1,499

$125

Travelers

$1,555

$130

Farmers

$1,584

$132

GEICO

$1,611

$134

State Farm

$1,636

$136

Direct General Insurance

$1,714

$143

Nationwide

$1,748

$146

Progressive

$1,909

$159

Mercury

$1,913

$159

Progressive

$1,952

$163

Mercury

$1,976

$165

Allstate

$2,027

$169

Allstate

$2,109

$176

Allstate

$2,233

$186

GEICO

$2,276

$190

Progressive

$2,296

$191

Direct General Insurance

$2,583

$215

Direct General Insurance

$2,641

$220

Farmers

$2,785

$232

Mercury

$2,819

$235

Farmers

$2,961

$247

Direct General Insurance

$3,359

$280

Farmers

$3,406

$284

Allstate, GEICO and Farmers all offer discounts for Florida seniors. Since age is just one of many factors providers use to calculate rates, comparing companies is the best way to find cheap, competitive coverage.

Cheapest Car Insurance for Higher Risk Drivers (November 2023)

In Florida, Nationwide charges the least for people with poor credit. State Farm is cheapest for those with at-fault accidents, tickets and DUIs on their record. Drivers of sports cars will find Travelers most affordable.

Car insurance companies often charge higher premiums for drivers with traffic violations on their records. Taking state-approved driving courses and regularly examining your record for errors can help improve your profile over time and open access to cheaper insurance options.

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MONEYGEEK EXPERT TIP

In Florida, a DUI conviction stays on your motor vehicle record for 75 years and cannot be expunged — you cannot take a course to get a better rate after being convicted of a DUI. — Mark Friedlander, Director, Corporate Communications, Insurance Information Institute

CHEAPEST CAR INSURANCE FOR HIGHER RISK DRIVERS

Cheapest after a ticket: State Farm ($1,555 per year)
Cheapest after an accident: State Farm ($1,687 per year)
Cheapest after a DUI: State Farm ($1,555 per year)
Cheapest for poor credit: Nationwide ($2,038 per year)
Cheapest for sports cars: Travelers ($1,208 per year)

Cheapest Car Insurance in Florida After a Ticket

The following car insurance companies provide the cheapest full coverage policies in Florida for drivers with a speeding ticket:

  • State Farm: $1,555 per year
  • Nationwide: $1,761 per year

Farmers is the most expensive provider at $3,497 per year. On average, you might pay about $558 more on car insurance in Florida after getting a speeding ticket.

Company
Annual Premium
Monthly Premium

State Farm

$733

$61

State Farm

$787

$66

Nationwide

$855

$71

Travelers

$878

$73

Travelers

$887

$74

Nationwide

$892

$74

State Farm

$899

$75

Travelers

$908

$76

Allstate

$983

$82

Allstate

$995

$83

Nationwide

$999

$83

Allstate

$1,004

$84

Mercury

$1,084

$90

GEICO

$1,108

$92

GEICO

$1,195

$100

GEICO

$1,250

$104

Mercury

$1,251

$104

Mercury

$1,336

$111

Direct General Insurance

$1,374

$114

State Farm

$1,428

$119

Direct General Insurance

$1,434

$120

Progressive

$1,465

$122

Progressive

$1,491

$124

State Farm

$1,555

$130

Progressive

$1,616

$135

Nationwide

$1,664

$139

Farmers

$1,704

$142

Direct General Insurance

$1,714

$143

Nationwide

$1,761

$147

Farmers

$1,782

$148

State Farm

$1,847

$154

Travelers

$1,890

$158

Farmers

$1,909

$159

Travelers

$1,926

$161

Travelers

$1,992

$166

Nationwide

$2,022

$168

Allstate

$2,109

$176

Allstate

$2,132

$178

Allstate

$2,233

$186

Direct General Insurance

$2,583

$215

Direct General Insurance

$2,641

$220

Progressive

$2,704

$225

Progressive

$2,717

$226

Mercury

$2,887

$241

GEICO

$2,997

$250

Progressive

$3,085

$257

GEICO

$3,177

$265

Mercury

$3,238

$270

Direct General Insurance

$3,359

$280

Farmers

$3,497

$291

GEICO

$3,595

$300

Mercury

$3,678

$307

Farmers

$3,780

$315

Farmers

$4,125

$344

Cheapest Car Insurance in Florida After an Accident

For Florida drivers with an at-fault accident on their driving records, the most affordable full coverage car insurance companies are:

  • State Farm: $1,687 per year
  • Travelers: $1,977 per year

Farmers charges the most for drivers with at-fault accidents — approximately $4,234 per year. Our average rate calculations show that being at fault in a car accident could increase your annual premium by $1,111 in Florida.

Company
Annual Premium
Monthly Premium

State Farm

$798

$66

State Farm

$858

$71

GEICO

$903

$75

Travelers

$930

$78

Travelers

$940

$78

Travelers

$966

$80

GEICO

$972

$81

State Farm

$980

$82

Nationwide

$1,052

$88

GEICO

$1,052

$88

Nationwide

$1,093

$91

Nationwide

$1,212

$101

State Farm

$1,550

$129

Mercury

$1,551

$129

Allstate

$1,672

$139

Allstate

$1,675

$140

Progressive

$1,680

$140

State Farm

$1,687

$141

Allstate

$1,694

$141

Progressive

$1,710

$143

Progressive

$1,848

$154

Mercury

$1,873

$156

Mercury

$1,900

$158

Farmers

$1,969

$164

Direct General Insurance

$1,972

$164

Direct General Insurance

$1,973

$164

Travelers

$1,977

$165

State Farm

$2,005

$167

Travelers

$2,019

$168

Nationwide

$2,055

$171

Travelers

$2,082

$174

Farmers

$2,139

$178

Nationwide

$2,161

$180

Farmers

$2,174

$181

Direct General Insurance

$2,384

$199

GEICO

$2,396

$200

Nationwide

$2,450

$204

GEICO

$2,537

$211

GEICO

$2,876

$240

Progressive

$3,120

$260

Progressive

$3,194

$266

Progressive

$3,540

$295

Direct General Insurance

$3,568

$297

Direct General Insurance

$3,641

$303

Allstate

$3,763

$314

Allstate

$3,777

$315

Allstate

$3,923

$327

Mercury

$4,172

$348

Farmers

$4,234

$353

Direct General Insurance

$4,596

$383

Farmers

$4,744

$395

Farmers

$4,863

$405

Mercury

$4,958

$413

Mercury

$5,177

$431

Cheapest Car Insurance in Florida After a DUI

If you have a DUI on your record, the cheapest options for full coverage car insurance in Florida are:

  • State Farm: $1,555 per year
  • Progressive: $2,242 per year

At roughly $3,451 per year, Mercury is the most expensive auto insurance provider for drivers with a DUI. On average, a DUI raises your annual premium by $840 in Florida.

Company
Annual Premium
Monthly Premium

State Farm

$733

$61

State Farm

$787

$66

State Farm

$899

$75

Travelers

$1,074

$90

Travelers

$1,084

$90

Travelers

$1,107

$92

GEICO

$1,147

$96

GEICO

$1,238

$103

Allstate

$1,257

$105

Allstate

$1,259

$105

Allstate

$1,275

$106

Progressive

$1,296

$108

Progressive

$1,297

$108

Mercury

$1,310

$109

State Farm

$1,428

$119

Direct General Insurance

$1,447

$121

Progressive

$1,449

$121

Farmers

$1,467

$122

Direct General Insurance

$1,467

$122

Farmers

$1,527

$127

State Farm

$1,555

$130

GEICO

$1,564

$130

Mercury

$1,568

$131

Mercury

$1,606

$134

Nationwide

$1,639

$137

Farmers

$1,673

$139

Nationwide

$1,688

$141

Direct General Insurance

$1,730

$144

Nationwide

$1,827

$152

State Farm

$1,847

$154

Progressive

$2,228

$186

Progressive

$2,242

$187

Travelers

$2,288

$191

Travelers

$2,338

$195

Travelers

$2,404

$200

Progressive

$2,622

$218

Direct General Insurance

$2,724

$227

Direct General Insurance

$2,728

$227

Allstate

$2,867

$239

Allstate

$2,869

$239

Allstate

$3,009

$251

Farmers

$3,036

$253

GEICO

$3,073

$256

Nationwide

$3,222

$268

Farmers

$3,263

$272

GEICO

$3,264

$272

Nationwide

$3,343

$279

Mercury

$3,451

$288

Direct General Insurance

$3,480

$290

Farmers

$3,664

$305

Nationwide

$3,680

$307

Mercury

$4,106

$342

Mercury

$4,265

$355

GEICO

$4,409

$367

Cheapest Car Insurance in Florida for Drivers With Poor Credit (November 2023)

The most affordable car insurance companies in Florida for drivers with poor credit are:

  • Nationwide: $2,038 per year
  • Direct General: $2,641 per year

If you have a low credit score, Allstate charges more than any other insurer for car insurance at $3,833 per year.

Credit score is an important factor when insurers calculate your rate since they use a credit-based insurance score to predict insurance losses. If your credit score is below 580, you might pay approximately $1,110 more for car insurance in Florida compared to someone with a credit score above 750.

Company
Annual Premium
Monthly Premium

Nationwide

$976

$81

Nationwide

$1,030

$86

Nationwide

$1,180

$98

Mercury

$1,195

$100

GEICO

$1,212

$101

Mercury

$1,259

$105

Travelers

$1,262

$105

GEICO

$1,327

$111

Direct General Insurance

$1,374

$114

Travelers

$1,379

$115

Direct General Insurance

$1,434

$120

Travelers

$1,457

$121

Mercury

$1,635

$136

Farmers

$1,665

$139

Progressive

$1,684

$140

Farmers

$1,698

$142

Direct General Insurance

$1,714

$143

Progressive

$1,726

$144

State Farm

$1,745

$145

GEICO

$1,775

$148

Allstate

$1,807

$151

Allstate

$1,868

$156

Allstate

$1,872

$156

State Farm

$1,887

$157

Nationwide

$1,897

$158

Farmers

$1,903

$159

Progressive

$1,955

$163

Nationwide

$2,038

$170

State Farm

$2,135

$178

Nationwide

$2,407

$201

Travelers

$2,550

$213

Direct General Insurance

$2,583

$215

Direct General Insurance

$2,641

$220

Travelers

$2,733

$228

Progressive

$2,824

$235

Progressive

$2,918

$243

State Farm

$2,974

$248

Mercury

$2,975

$248

Travelers

$3,057

$255

GEICO

$3,085

$257

Mercury

$3,201

$267

State Farm

$3,234

$269

Farmers

$3,298

$275

GEICO

$3,315

$276

Direct General Insurance

$3,359

$280

Progressive

$3,455

$288

Farmers

$3,484

$290

Allstate

$3,748

$312

State Farm

$3,811

$318

Allstate

$3,833

$319

Allstate

$3,981

$332

Farmers

$4,027

$336

Mercury

$4,389

$366

GEICO

$4,787

$399

Auto insurers found that drivers with poor credit scores are more likely to file claims, so some charge higher insurance premiums in these cases. Like many other states, Florida allows companies to consider your credit-based insurance score when determining rates.

Improving your credit score and money management over time can help you lower your insurance rate, but you can also seek insurers that offer safe-driver or other discounts to help offset rate increases based on your credit score.

Cheapest Car Insurance in Florida for Sports Cars (November 2023)

The least expensive car insurance companies in Florida for drivers with sports cars are:

  • Travelers: $1,208 per year
  • State Farm: $1,531 per year

With an average annual premium of $2,854, Farmers is the most expensive company to insure a sports car.

Since sports cars have higher repair and replacement costs, auto insurance is usually more expensive than a policy for a standard vehicle. But this is not the case in Florida. Compared to a Toyota Camry LE drivers, for example, sports car drivers pay about $61 less on car insurance premiums.

Company
Annual Premium
Monthly Premium

GEICO

$593

$49

Travelers

$623

$52

Travelers

$642

$53

GEICO

$645

$54

State Farm

$646

$54

State Farm

$694

$58

Travelers

$701

$58

Nationwide

$717

$60

Mercury

$742

$62

Nationwide

$754

$63

State Farm

$791

$66

Mercury

$805

$67

GEICO

$845

$70

Nationwide

$861

$72

Allstate

$949

$79

Allstate

$983

$82

Allstate

$1,004

$84

Mercury

$1,017

$85

Progressive

$1,138

$95

Travelers

$1,149

$96

Progressive

$1,155

$96

Travelers

$1,208

$101

Progressive

$1,291

$108

Direct General Insurance

$1,374

$114

Farmers

$1,381

$115

Travelers

$1,388

$116

State Farm

$1,401

$117

Farmers

$1,420

$118

GEICO

$1,431

$119

Direct General Insurance

$1,434

$120

State Farm

$1,531

$128

Nationwide

$1,545

$129

GEICO

$1,556

$130

Farmers

$1,584

$132

Nationwide

$1,656

$138

Direct General Insurance

$1,714

$143

State Farm

$1,838

$153

Progressive

$1,949

$162

Nationwide

$1,955

$163

Allstate

$1,957

$163

Allstate

$1,992

$166

Allstate

$2,121

$177

Progressive

$2,168

$181

GEICO

$2,173

$181

Progressive

$2,602

$217

Farmers

$2,854

$238

Farmers

$3,029

$252

Farmers

$3,553

$296

MoneyGeek used a Ford Mustang for the quotes listed above, but car insurance rates can vary widely depending on the car model. Luxury cars, electric cars and sports cars are typically more expensive to insure than other model types.

Cheapest Car Insurance in Florida for Military Drivers (November 2023)

For active military members and veterans, the most affordable car insurance provider in Florida is Travelers, with an average rate of $1,360 per year.

USAA also provides inexpensive car insurance policies for military families. This company is available in all states to customers who are members of the military community. GEICO is another option for military-affiliated drivers; it offers a discount for them and military-focused coverage.

mglogo
MoneyGeek Top Pick
Travelers
  • $1,360 per year
  • Ranks first out of nine insurers for affordability

Although Travelers does not have military-specific discounts, it offers other opportunities to reduce the cost of car insurance. These include bundling, insuring multiple vehicles or completing a driver's training course. Policyholders can also earn discounts for being good students or going accident-free for at least three years.

Cheapest Car Insurance in Florida by City

The cost of car insurance in Florida depends on multiple factors, including the city where you live. Drivers who live in neighborhoods with higher rates of theft, vandalism or accidents are more likely to file insurance claims and tend to pay higher premiums.

We found that Cape Coral has the most affordable car insurance in Florida, offered by Travelers at approximately $1,360 per year. Travelers is also the cheapest option in West Palm Beach, where a full coverage policy costs about $2,239.

Car insurance is most expensive in Tampa, where an annual full coverage policy from Travelers costs an average of $2,536. The same policy in Palm Bay costs only $1,534.

Use our list of Florida cities below to compare the average auto insurance costs by location.

City
Cheapest Company
Annual Premium

Brandon

Travelers

$1,986

Cape Coral

Travelers

$1,360

Clearwater

Travelers

$1,928

Coral Springs

Travelers

$2,170

Davie

Travelers

$2,104

Fort Lauderdale

Travelers

$2,239

Gainesville

State Farm

$1,482

Hialeah

GEICO

$2,283

Hollywood

Travelers

$2,342

Jacksonville

GEICO

$1,731

Lakeland

State Farm

$1,692

Lehigh Acres

Travelers

$1,400

Miami

GEICO

$2,283

Miami Gardens

GEICO

$2,283

Miramar

Travelers

$2,251

Orlando

State Farm

$1,816

Palm Bay

Travelers

$1,534

Pembroke Pines

Travelers

$2,171

Pompano Beach

Travelers

$2,293

Port St. Lucie

Travelers

$1,813

Spring Hill

Travelers

$1,786

St. Petersburg

Travelers

$1,988

Tallahassee

State Farm

$1,550

Tampa

Travelers

$2,356

West Palm Beach

Travelers

$2,239

Car Insurance in Florida: What You Need to Know

Florida requires drivers to purchase property damage liability and personal injury protection, but it doesn't require bodily injury liability insurance. Drivers also have the option to self-insure in Florida.

Florida Car Insurance Requirements

Florida law only requires drivers to carry a car insurance policy that meets the state minimum requirements for property damage liability insurance and personal injury protection. Although a minimum coverage policy will help you save money, it offers less financial protection in case of an incident.

Florida requires SR-22 insurance for most serious driving offenses — such as reckless driving, driving without insurance coverage or driving with a suspended license — and FR-44 insurance for a DUI. For the latter, you’ll be required to increase coverage limits to $50,000 in property damage and $100,000 in bodily injury per person and $300,000 in bodily injury per accident.

mglogo icon
SR-22 AND FR-44: EXPLAINED

SR-22 and FR-44 are not insurance; both are certificates of financial responsibility that prove you meet the state's established requirements for high-risk drivers. For SR-22, you need to meet the state's minimum liability requirements. For FR-44, you need to meet higher limits. Your insurer submits the form to the Florida Department of Highway Safety and Motor Vehicles. — Mark Friedlander, Director, Corporate Communications, Insurance Information Institute

  • accident2 icon

    Property Damage Liability

    Florida requires drivers to carry $10,000 coverage in property damage liability per accident. If you're at fault in an accident that damages someone else's property, you'll have to pay for any damages above $10,000.

  • hospital icon

    Personal Injury Protection

    In Florida, all policies must have at least $10,000 in personal injury protection, also called “no-fault insurance.” Regardless of who is at fault for the accident, your insurer will cover up to $10,000 in medical costs for you and your passengers. In case of major injuries, this limit might not cover you fully, and you may have to rely on health insurance or pay out of pocket.

For additional protection, MoneyGeek recommends buying liability insurance of at least $100,000 per injury and $300,000 per accident, and increasing property damage coverage to $100,000. You may also need comprehensive and collision insurance if you either financed your car purchase or leased your vehicle.

Comprehensive insurance covers repairing or replacing your vehicle if it gets damaged by off-road incidents. Scenarios include theft, fire, vandalism, animal damage and weather-related events, including floods. Collision insurance pays to repair or replace your car if it’s damaged by another vehicle or an object like a telephone pole or tree.

Even if you didn't take out a loan or lease your car, comprehensive and collision insurance can be worth it if you have a valuable vehicle.

Car Insurance Alternatives in Florida

You can also meet Florida’s minimum car insurance requirements with a certificate of self-insurance. This means you are liable to pay out of pocket for any expenses related to a vehicular accident, including damages and medical treatments.

To qualify for self-insurance in Florida, you must submit the following documents to the appropriate department of Florida Highway Safety and Motor Vehicles (FLHSMV):

  • A notarized financial statement confirming that your net worth is at least $40,000.
  • Your driver’s license and Social Security number.
  • A list of all the Florida-registered vehicles you own, including the make, model, year, vehicle identification and tag number.

This certificate is valid for one year, and renewing it involves submitting an updated notarized financial statement and a current list of all vehicles you own.

FAQ About Car Insurance in Florida

It’s common to have concerns about cost and quality when it comes to car insurance. Our answers to frequently asked questions can help you learn more about car insurance in Florida.

Expert Advice on Finding Cheap Car Insurance in Florida

To help you find credible and accurate insight on car insurance in Florida, MoneyGeek received expert advice from trusted professionals. The perspectives and opinions expressed are those of the individual contributor.

  1. What are the key factors drivers in Florida should look for when searching for the best auto insurance coverage?
  2. What steps can drivers in Florida take to find affordable car insurance?
  3. How do regulations and rules in Florida impact insurance pricing and how consumers might shop for coverage?
  4. What resources does the Florida Department of Insurance have for consumers?
Robbie Korth
Robbie Korth

President, CIC, Park & Associates, Inc

Julia Roberts
Julia Roberts

Product Lines Producer at Cobia Insurance

Dennis E. Sawan
Dennis E. Sawan

Managing Partner at Sawan and Sawan

Shanna Pohlmann
Shanna Pohlmann

Agency Owner/Accredited Advisor in Insurance

Charles Yang, Ph.D.
Charles Yang, Ph.D.

Kaye Insurance Research Fellow in Insurance and Professor at Florida Atlantic University

Lealand Morin, Ph.D.
Lealand Morin, Ph.D.

Assistant Professor of Economics at the University of Central Florida

Dr. Amanda J. Phalin
Dr. Amanda J. Phalin

Senior Lecturer, Warrington College of Business at the University of Florida

Prof. Lloyd Mitchell
Prof. Lloyd Mitchell

Associate Professor of Accounting at St. Thomas University

Dr. Rawi Naranong
Dr. Rawi Naranong

Professor at the School of Applied Business at Daytona State College

Dr. Mark Case
Dr. Mark Case

Marketing Instructor at Florida Gulf Coast University

Dr. Andrew Burnstine
Dr. Andrew Burnstine

Associate Professor of Marketing at Lynn University

Dena Hale
Dena Hale

Assistant Professor of Sales & Marketing at Stetson University

Barbara VanderWerf
Barbara VanderWerf

Assistant Professor of Business and Management at Palm Beach Atlantic University

Valrie Chambers, Ph.D., CPA
Valrie Chambers, Ph.D., CPA

Associate Professor of Accounting at Stetson University

Jeffrey Brown
Jeffrey Brown

Professor of Finance at Johnson University

James Farrell
James Farrell

Associate Professor of Finance and Economics at Florida Southern College

Dr. Arun Upadhyay
Dr. Arun Upadhyay

Associate Professor - Department of Finance at Florida International University

Dr. Robert W. Tiller
Dr. Robert W. Tiller

Courtesy Assistant Professor at the University of South Florida DBA Program, Retired USF Personal Financial Planning Program Director

Alex Horenstein
Alex Horenstein

Assistant Professor of Economics at the University of Miami Herbert Business School

Dr. Alexandra Aguirre-Rodriguez
Dr. Alexandra Aguirre-Rodriguez

Associate Professor Department of Marketing & Logistics at Florida International University

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.

Mark 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 economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.


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