The Cheapest Car Insurance in Florida for 2022
GEICO is the cheapest car insurance in Florida, with an average cost of $747 per year for a minimum coverage policy.
MoneyGeek compared car insurance quotes in Florida to identify the cheapest options for different driver profiles. GEICO is the most inexpensive overall, but State Farm offers the best rates if you have a violation. Comparing quotes in Florida could help you save up to $2,263 yearly.
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The Cheapest Car Insurance in Florida
Insurance rates can change locally, so MoneyGeek broke down the cheapest companies in Florida by city. If you’re looking for a balance of customer service and cost, MoneyGeek also looked at the best car insurance companies in Florida.
Why Trust MoneyGeek? Florida car insurance rates in this study are based on our analysis of data and information from the Florida Department of Insurance and Quadrant Information Services.
These rates were updated in August 2022 to reflect how car insurance rates in Florida have changed up to this month.
Cheapest Minimum Liability Car Insurance in Florida
The cheapest car insurance in Florida is liability-only coverage 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.
MoneyGeek found that the cheapest car insurance companies in Florida for minimum coverage are:
- GEICO: $747 per year
- Allstate: $1,309 per year
Although USAA is actually the cheapest car insurance provider in Florida at roughly $514 per year, it is only available to former and current military members.
The most expensive car insurance for minimum coverage is Progressive, at $1,979 per year on average.
CHEAPEST MINIMUM CAR INSURANCE IN FLORIDA
These prices are only estimates based on rates for an average Florida driver and should not be used to compare insurance prices.
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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.
MoneyGeek compared car insurance quotes and found that the cheapest full coverage insurance providers in Florida are:
- GEICO: $1,692 per year
- State Farm: $2,363 per year
USAA is the cheapest option and costs an average of $1,190 per year, but it’s only available to military families and veterans.
Progressive charges the most for full coverage insurance in Florida, with an average annual premium of $3,453.
CHEAPEST FULL COVERAGE CAR INSURANCE 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.
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 from one insurer for $100,000 in bodily injury liability insurance, you should ensure to use the same number when comparing quotes with another carrier.
You can get an estimate of how much car insurance in Florida costs by inputting your ZIP code into MoneyGeek’s car insurance calculator. For a personalized quote, you’ll be asked to provide more specific information. 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.
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Cheapest Car Insurance in Florida for Young Drivers
Car insurance companies find that young drivers are more likely to file claims. This makes them costlier to insure, resulting in higher premiums. For example, car insurance for a 16-year-old driver costs an average of $6,027 per year. By comparison, a 25-year-old driver pays $2,718 for similar coverage.
MoneyGeek studied the available policies for drivers between ages 16 and 25 in Florida. We found that GEICO offers the cheapest insurance for young drivers within this range.
ANNUAL CAR INSURANCE IN FLORIDA FOR YOUNG DRIVERS
As you can see, auto insurance rates for young drivers typically decrease as you approach age 25. Nevertheless, it’s a good idea to compare providers from the start to reap the most savings.
Sixteen-year-old drivers in Florida might save $2,275 per year on their car insurance by shopping around. Meanwhile, 25-year-olds could save roughly $815 per year or more.
Cheapest Car Insurance in Florida for Seniors
Car insurance for seniors is slightly more expensive than it is for young adults and middle-aged drivers. On average, senior drivers in Florida pay $2,942 per year for their car insurance, compared to $2,794 for the average adult driver.
The cheapest car insurance providers in Florida for senior drivers with a full coverage policy are:
- GEICO: $1,650 per year
- State Farm: $2,262 per year
These carriers also offer the cheapest full coverage for the average 40-year-old adult driver.
USAA offers rates at roughly $1,357 per year, but these are only available to former and current military members.
CHEAPEST CAR INSURANCE RATES FOR SENIORS
Insurance costs increase with age, so even seniors with perfect driving records may see their auto premiums rise over time. Seniors pay about $2,942 per year for insurance, $148 more than the average adult driver.
Despite the inevitable increase in costs due to age, comparing car insurance companies and rates can help seniors find competitive premiums and discounts. In Florida, this can mean saving $2,359 each year by switching providers.
Cheapest Car Insurance for Drivers With Tickets in Florida
Florida insurance companies charge higher rates to drivers with even minor violations on their records. On average, drivers with speeding tickets pay $3,673 per year for their auto insurance coverage, compared to $2,794 for drivers without tickets.
The least expensive full coverage car insurers in Florida for a driver with a speeding ticket are:
- State Farm: $2,555 per year
- Allstate: $2,908 per year
USAA is the most affordable option, costing roughly $1,314 per year, but it is only available to former and current military members.
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 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 $4,762 per year, compared to $2,794 for drivers with a clean record.
The cheapest full coverage car insurance companies for drivers with a DUI in Florida are:
- State Farm: $2,555 per year
- Allstate: $3,707 per year
USAA costs $2,171 per year but is only available to former and current military members.
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
Florida imposes strict penalties for DUI convictions — including jail time, fines, license suspension and increased auto insurance rates for several years or decades.
If you have a DUI on your record in Florida, shopping around is the best way to find the lowest rates. Case in point, the difference between the most affordable and expensive providers in the state is $3,507 per year.
Cheapest in Florida for Drivers With an At-Fault Accident
Violations on your driving record can significantly impact the cost of car insurance in Florida. A driver with a clean record pays an average of $2,794 per year for car insurance. This rate increases to $4,108 with an at-fault accident on your record.
The companies offering the cheapest car insurance in Florida for drivers with at-fault accidents are:
- GEICO: $2,353 per year
- State Farm: $2,747 per year
Although USAA offers the cheapest policy by far at $1,550 per year, only present and former military members and their families are eligible.
CHEAPEST CAR INSURANCE WITH AN AT-FAULT ACCIDENT
Cheapest Car Insurance in Florida for Drivers With Bad Credit
Florida drivers with poor credit scores pay higher premiums than those with good credit — $5,308 per year, according to our data.
In Florida, the most affordable car insurance companies for a driver with poor credit and a full coverage policy are:
- GEICO: $3,053 per year
- State Farm: $4,231 per year
These two insurers also offer the cheapest full coverage insurance for drivers with good credit.
USAA has the best rates, costing roughly $2,915 per year, but only offers these to former and current military members.
CHEAPEST CAR INSURANCE RATES FOR DRIVERS WITH BAD CREDIT
A credit score below 670 can impact your insurance premium, with Florida drivers paying an average of $2,514 more if they have bad credit. This is why it’s vital to improve your credit score.
The difference between the least and most expensive Florida auto insurance companies for drivers with bad credit is $3,965. You can start paying off debts and improve your credit score with the extra savings you'll receive from shopping around for cheaper car insurance. Doing so will help you reduce your rates over time and put more money back in your pocket.
Cheapest Car Insurance in Florida for Military Drivers
If you are a veteran or active military member, USAA offers the cheapest car insurance in Florida. USAA costs up to $233 less than GEICO, the second-cheapest option in Florida. This insurer also offers benefits and coverages tailored to suit drivers with a military background.
- Average rate: $514 per year
- Ranks 9th out of 11 insurers
If you have a military background, buying your car insurance from USAA will help you save on costs since it has the cheapest rates in Florida. USAA also offers a variety of discounts that can make your car insurance even more affordable. You can get bundling and multiple car discounts if you buy more than one policy or insure multiple cars. You can also get discounted rates for taking an approved defensive driving course, having a new car and being loyal to the company, among others.
Cheapest Car Insurance in Florida by City
Where you live in Florida can impact your annual car insurance premium. Drivers residing in Gainesville pay the lowest rates, spending an average of $608 per year for full coverage car insurance. In comparison, residents of Miami Gardens pay the highest rates, spending an average of $1,244 annually for the same coverage.
You can find more details regarding car insurance costs for your area by clicking your city.
AVERAGE INSURANCE RATE BY CITY IN FLORIDA
Car Insurance in Florida: What You Need to Know
Car insurance is a legal requirement in Florida, but this state has fewer restrictions than others.
Florida Insurance Requirements
Florida drivers must have proof of insurance in their car at all times or risk getting a ticket.
Unlike other states, Florida has no requirements for bodily injury coverage. Instead, the minimum coverage required in Florida is $10,000 in personal injury protection and $10,000 in property damage liability.
Getting minimum coverage car insurance is the cheapest option for drivers. Still, drivers may opt for an affordable full coverage insurance policy to avoid paying money out-of-pocket if sued after an accident. Experts recommend getting liability insurance of at least $100,000 per injury and $300,000 per accident.
Additionally, you may want to consider collision and comprehensive insurance if you own a valuable car. Whereas collision covers car accidents and contact with objects like trees or telephone poles, comprehensive insurance pays for non-traffic damages caused by fire, theft and natural disasters, like floods and hurricanes.
There are alternatives to car insurance in Florida, but they’re more difficult to obtain and require more financial resources. For instance, you can fulfill your financial responsibility obligation by posting a surety bond, depositing cash or securities with DHSMV, or providing the DHSMV with evidence that you have enough capital and are self-insuring your vehicle.
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
Managing Partner at Sawan and Sawan
Associate Professor of Accounting at St. Thomas University
Associate Professor of Finance and Economics at Florida Southern College
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