MoneyGeek ranked the top car insurance providers in Florida based on price, customer satisfaction and other important parameters to help you select the best car insurance for your needs. Age, location and driving history are just a few of the factors that influence insurance premiums, so it makes sense to get multiple quotes from different providers. MoneyGeek's ratings illustrate a potential savings of $1,788 when comparing car insurance premiums from affordable companies in Florida.
The Best Cheap Florida Car Insurance Quotes for 2021
Dr. Alexandra Aguirre-Rodriguez
Dr. Amanda J. Phalin
Dr. Robert W. Tiller
Dr. Arun Upadhyay
Dr. Andrew Burnstine
Dr. Rawi Naranong
Dr. Mark Case
The Cheapest and Best Car Insurance in Florida
Cheapest Minimum Liability Car Insurance Companies and Quotes in Florida
The cheapest car insurance in Florida is a liability coverage policy that meets the state’s minimum auto insurance requirements. This policy only covers the other driver's costs in an at-fault accident and not your own expenses.
The cheapest car insurance companies in Florida for minimum coverage are:
- USAA: $406 per year (only available to former and current military members)
- GEICO: $590 per year
The most expensive car insurance for minimum coverage is Progressive, at $1,564 per year on average.
Average Cost for Minimun Liability Coverage
These prices are only estimates based on rates for an average Florida driver and should not be used to compare insurance prices.
A minimum coverage policy in Florida is the cheapest available. However, note that this policy only covers property damage liability and personal injury protection. Consumers looking to enhance their protection against higher liability costs or cover damages to their car should purchase a full coverage policy.
Cheapest Full Coverage Car Insurance in Florida
A full coverage policy in Florida with higher liability limits and comprehensive and collision insurance can protect you against accidents that happen on and off the road. It costs more than minimum coverage, but it shields against the cost of damages to your vehicle, not just others. To find the cheapest full coverage rates, compare car insurance quotes from multiple providers.
The most affordable car insurance carriers in Florida for full coverage auto insurance are:
- USAA: $940 per year (only available to former and current military members)
- GEICO: $1,337 per year
Progressive charges the most for full coverage insurance in Florida, with average yearly costs of $2,728.
Average Comprehensive and Collision Rates in Florida
Please note that your premiums will be different than these examples. The prices listed above are for a policy with comprehensive and collision insurance and $100,000 in bodily injury liability coverage per person, $300,000 in bodily injury liability coverage per accident and $100,000 in property damage coverage per accident.
The Best Car Insurance Companies in Florida for 2021
Based on MoneyGeek’s study, the best car insurance companies in Florida for most drivers are:
- Best Overall: Esurance
- Runner-up: GEICO
USAA received the highest score in Florida by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
MoneyGeek used several factors — including affordability, customer satisfaction, financial strength and the ability to pay claims — to determine the best car insurance companies in Florida.
To accomplish this, MoneyGeek used information from AM Best’s financial strength ratings and J.D. Power’s U.S. Auto Insurance Study, two industry standards for rating and reviewing insurance companies. Each study has equal weight in MoneyGeek’s final rating out of 100, as do other factors like overall affordability.
USAA is almost always MoneyGeek’s top pick across the nation, balancing affordability, financial stability and service quality. However, this provider only serves Florida residents who are current or former military members.
USAA consistently ranks as one of the cheapest and highest quality insurance companies in the United States, and it’s MoneyGeek’s top choice in Florida. In addition to quality coverage, policyholders have access to unique discounts. For example, if your parents have a USAA policy, you may be eligible for savings on your premium.Read MoneyGeek's USAA auto Insurance Review
Esurance scores the runner-up position in MoneyGeek’s Florida ranking of best auto insurance companies. This carrier stands out with high marks for customer satisfaction, affordability and financial stability.
Esurance is owned by Allstate, one of the largest insurance companies in the United States. It offers several perks, including the DriveSense mobile app that awards discounts based on good driving behavior. You can also speed up the claims process by submitting photos of the vehicle damage through the company’s mobile app.Read MoneyGeek's Esurance auto Insurance Review
While USAA scores highly in many areas, this provider is only available to military members, veterans and their families.
List of the Largest Insurance Companies in Florida
In terms of market share, the three biggest insurance providers in Florida are GEICO (25.2%), Progressive (18.3%) and State Farm (14.7%). Market share is measured as the number of premiums written by an insurance company divided by the total number of premiums written in the state. Larger insurance companies tend to have higher levels of financial stability, meaning that policyholders can almost always reimburse legitimate claims. A big provider may not be the best insurer for every driver, but it gives security to customers who value that.
- CompanyMarket Share
How to Compare Cheap Florida Car Insurance Quotes Online
Most insurance companies will allow you to get a reasonably accurate quote on their website. You should ideally determine the amount of coverage you need so that you can compare insurers with consistent limits. For instance, if you get a quote with one insurer for $100,000 in bodily injury liability insurance, you should ensure to use the same number when comparing quotes with another carrier.
Provide your ZIP code below to compare quotes or use MoneyGeek’s price information to decide which company’s websites to search. USAA, GEICO and Allstate are the three cheapest carriers in Florida for liability coverage, so we suggest you start your search by comparing their rates.
What Is the Average Cost of Car Insurance in Florida?
Various factors can influence car insurance premiums. To demonstrate a typical case, MoneyGeek calculated the average rates for 100/300/100 comprehensive and collision insurance for a typical 40-year-old male driving a Toyota Camry with a clean record. Your age, location, driving history and coverage level all play a part in determining your rates, which can be markedly higher or lower than these averages.
- Average Driver: $2,208
- DUI: $3,763
- **Speeding Ticket: **$2,902
- **Poor Credit Score: **$4,371
- Seniors: $2,325
- Students: $5,001
Cheapest Car Insurance for Drivers With a DUI in Florida
Florida drivers with a severe driving violation in their history, such as driving under the influence (DUI), are considered “high risk” by insurers and are therefore charged higher rates. The average cost of car insurance for drivers with a DUI in Florida is $3,763 per year, compared to $2,208 for a driver with a clean record.
The cheapest car insurance companies in Florida for a driver with a DUI and full coverage are:
- USAA: $1,715 per year (only available to former and current military members)
- State Farm: $2,018 per year
Although GEICO is the second cheapest insurer for Florida drivers with a clean record, State Farm has lower rates for those with a DUI.
Average Car Insurance Rates With a DUI
According to the Centers for Disease Control (CDC), there were 7,573 car crashes in Florida involving a drunk driver between 2009 and 2018, a rate higher than the national average. Florida imposes strict penalties for people convicted of driving under the influence. Such penalties include jail time, fines and fees, license suspension and a mandatory ignition interlock device — not to mention increased auto insurance rates. If you have a DUI on your record in Florida, it's important to maintain safe driving habits and shop around for auto coverage to find the lowest rates.
Florida maintains some of the strictest DUI laws in the country. People found guilty of driving under the influence can have the DUI remain visible in their records for 75 years. Individuals with a DUI should contact many different insurance agencies to find the best rate. While there are long-term costs of a DUI, you can work to improve your driving record over time to lower costs.
Cheapest Car Insurance for Drivers With Tickets in Florida
Insurance companies charge Florida drivers with even minor driving violations in their history, such as tickets, higher rates than those with a clean driving record. In this state, a driver with a recorded speeding ticket needs to pay an average annual rate of $2,902 for their auto insurance coverage, compared to $2,208 for a driver without any tickets.
The least expensive car insurers in Florida for a driver with a speeding ticket and full coverage are:
- USAA: $1,039 per year (only available to former and current military members)
- State Farm: $2,018 per year
State Farm has lower rates for those with a speeding ticket on their record than GEICO, the second cheapest provider for drivers with a clean record.
Average Car Insurance Rates With a Ticket
Whether using a cellphone, fishing for items in your car or fiddling with the radio, distracted driving has real consequences. The Florida Department of Highway Safety and Motor Vehicles uses a points-based system for penalized drivers. Those who get tickets may incur points on their driving record, causing their auto insurance rate to increase. If you have points on your license, be sure to seek out several car insurance quotes to find the best rate for you.
Distracted driving can be costly, resulting in not only more expensive auto insurance rates, but also higher rates of reckless driving and crashes. The amount your insurance premium rises depends on the severity of your infraction and the number of points on your record. Those who get more than 12 points in a year, for example, receive a 30-day suspension. If you have points on your license, seek out several car insurance quotes to find the best rate for you.
Cheapest Car Insurance Companies in Florida for Drivers With Bad Credit
Drivers with low credit scores in Florida pay more costly premiums than those with high credit scores. The average cost of auto insurance for drivers with poor credit in Florida is $4,371 per year, compared to $2,208 for the average driver with good credit.
The most affordable car insurance companies in Florida for a driver with poor credit and full coverage are:
- USAA: $2,303 per year (only available to former and current military members)
- GEICO: $2,413 per year
These two insurers also offer the cheapest full coverage insurance for drivers with healthy credit.
Average Car Insurance Rates for Drivers With Bad Credit
Florida ranks 37th in the nation regarding credit scores, with an average credit score of 694. According to Experian, any credit score below 670 is considered a bad one. Even though a less-than-ideal credit can impact your insurance premiums, there are many ways to improve your credit score.
Even though a less-than-ideal credit score can impact your insurance premium, there are many ways to improve your credit score. Changes won’t happen overnight, but positive changes can happen over time.
Cheapest Car Insurance in Florida for Seniors
Car insurance for seniors is slightly more expensive than it is for young adult and middle-aged drivers. On average, senior drivers in Florida pay $2,325 annually for their car insurance, compared to $2,208 for the average non-senior driver.
The cheapest car insurance providers in Florida for senior drivers with full coverage are:
- USAA: $1,072 per year (only available to former and current military members)
- GEICO: $1,304 per year
These two carriers also offer the cheapest full coverage for the average 40-year-old adult driver.
Average Car Insurance Rates for Seniors
Even seniors who possess a perfect driving record may still see their auto insurance premiums rise over time, especially if they don’t have the right coverage for their current age group. While insurance costs may increase with age, comparing car insurance companies and rates can help seniors find competitive premiums and discounts.
Factors that may reduce the chance of finding cheap car insurance for seniors in Florida include their age, how much they drive, the type of car they own and if they possess a clean driving record. You can find ways to protect yourself and others on the road, but it may take a bit of extra research to find the best rates, especially for senior drivers.
Cheapest Car Insurance for Students in Florida
Young student drivers in Florida are generally charged far more than adult drivers because of their inexperience. In this state, a student driver is charged an average annual price of $5,001 for their car insurance coverage, compared to $2,208 for the average adult driver.
The most affordable carriers in Florida for student drivers with full coverage are:
- GEICO: $2,902 per year
- Allstate: $3,840 per year
USAA’s full coverage prices are lower for the average adult driver, while Allstate’s rates are cheaper for student drivers.
Average Car Insurance Rates for Students
Florida allows for talking on a cell phone while driving and does not limit the number of passengers new drivers can have in their vehicle with them. Cathy Chase, vice president of governmental affairs at Advocates for Highway and Auto Safety, finds these facts troubling. "Teen drivers are far more likely to be involved in fatal crashes because they lack driving experience and tend to take greater risks," Chase said.
If you have a teen, you already know that he or she is expensive to insure. Your teenager can help maintain cheap car insurance rates by keeping a clean driving record and by avoiding accidents and moving violations. You can also check to see if your insurance company offers discounts for good grades or for the completion of a driver safety course.
Florida residents attending college out of state must maintain personal injury protection and property damage insurance on their vehicle if it has been in the state for more than 90 days at any point during the previous year.
If you’re insuring your child's car while they’re away at school, you may want to warn them not to lend the car to their friends. You could be liable if there is an accident. Consult with your insurance company for specific details.
More than 815,000 drivers under the age of 20 currently hold Florida licenses. Of that amount, 36,216 were involved in crashes as a driver during 2018. Even the best high school and college-age drivers simply have not been behind the wheel long enough to anticipate everything that can happen while driving. Because of this factor, their auto insurance rates are typically higher. Approximate estimates are given below, but you can ask for personalized quotes to get more accurate figures.
Insurance Rate Information for Military Drivers and Veterans
Average Rates for Florida service members
Car Insurance in Florida: What You Need to Know
All vehicles with a valid Florida registration must have insurance coverage. Even "snowbirds" need Florida vehicle insurance if visiting the state for more than 90 days per year.
Proof of Insurance in Florida
Insurance ID cards must be carried in your car at all times and shown to police when requested or after an accident. If you don’t comply, the police may issue you a ticket for lacking proof of insurance.
The Florida Department of Highway Safety and Motor Vehicles requires insurance companies to electronically report all new or canceled personal injury protection policies. If your insurance company notifies the department that you canceled your policy and haven’t activated a new one, the department will send a notice requiring new insurance information.
If you’re unable to prove that you replaced the insurance without a lapse in coverage, you must pay a reinstatement fee of $150 for the first offense. If you can't provide proof of insurance, your driver's license and license plate(s) will be suspended for up to three years.
Minimum Liability Insurance Requirements in Florida
Everyone who drives a vehicle in Florida must have at least these minimum levels of coverage:
- $10,000 Personal Injury Protection (PIP)
- $10,000 Property Damage Liability (PDL)
Alternatives to Insurance in Florida
Florida residents have a few alternatives to buying insurance, but they are more difficult and require additional upfront resources. You can fulfill your financial responsibility obligation by:
- Posting a surety bond
- Depositing cash or securities with DHSMV
- Providing the DHSMV with evidence that you have sufficient capital and are self-insuring your vehicle
How Much Coverage Do You Need in Florida?
Although you are only required to purchase $10,000 in personal injury protection and $10,000 in property damage liability, experts at the Insurance Information Institute warn that such low levels of coverage are risky because you may wind up having to pay a lot of money out of pocket if you are sued. Experts recommend getting liability insurance of at least $100,000 per injury and $300,000 per accident.
If you own a valuable car, you may want to look into collision and comprehensive insurance. Collision covers car accidents and collisions with objects like trees or telephone poles, while comprehensive insurance pays for non-traffic damages caused by fire, theft and natural disasters, like floods and hurricanes.
Given the high rate of uninsured drivers in Florida, you may also want to consider purchasing uninsured motorist protection.
Average Insurance Rate by City in Florida
FAQs About Car Insurance in Florida
To help you select the best car insurance package for your needs, MoneyGeek answered commonly asked questions about the best and cheapest auto insurance providers 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.
- What are the key factors drivers in Florida should look for when searching for the best auto insurance coverage?
- What steps can drivers in Florida take to find affordable car insurance?
- How do regulations and rules in Florida impact insurance pricing and how consumers might shop for coverage?
Associate Professor Department of Marketing & Logistics at Florida International University
Assistant Professor of Economics at the University of Miami Herbert Business School
Senior Lecturer, Warrington College of Business at the University of Florida
Assistant Professor of Economics at the University of Central Florida
Director of the University of South Florida's Financial Planning & Wealth Management Program
Associate Professor - Department of Finance at Florida International University
Professor of Finance at Johnson University
Associate Professor of Accounting at Stetson University
Assistant Professor of Business and Management at Palm Beach Atlantic University
Assistant Professor of Sales & Marketing at Stetson University
Associate Professor of Marketing at Lynn University
Professor at the School of Applied Business at Daytona State College
Marketing Instructor at Florida Gulf Coast University
Associate Professor of Finance and Economics at Florida Southern College
About the Author
- Defense Manpower Data Center. "Military and Civilian Personnel by Service/Agency by State/Country." Accessed March 3, 2020.
- Driving Laws. "DUI Laws by State." Accessed March 3, 2020.
- DWI Records. "Florida DWI Records." Accessed March 3, 2020.
- Experian. "2019 Consumer Credit Review." Accessed March 3, 2020.
- Experian. "How to ‘Fix’ a Bad Credit Score." Accessed March 3, 2020.
- Florida Highway Safety and Motor Vehicles. "Points & Point Suspensions." Accessed March 3, 2020.
- Florida Highway Safety and Motor Vehicles. "Traffic Crash Facts, 2018." Accessed March 3, 2020.
- Florida Legislature. "The 2019 Florida Statutes." Accessed March 3, 2020.
- Insurance Information Institute. "Facts + Statistics: Uninsured Motorists." Accessed March 3, 2020.
- National Association of Insurance Commissioners. "2018 Market Share Report." Accessed March 3, 2020.
- National Highway Traffic Safety Administration. "Traffic Safety Facts, 2017." Accessed March 3, 2020.