Finding affordable car insurance in Florida can be tricky, considering that the Sunshine State is home to the highest percentage of uninsured drivers in the country — 26.7% as of 2015. Despite this troubling fact, Florida is not one of the ten most expensive states for auto insurance quotes. Florida car insurance companies consider different factors when developing a quote, making it important for people to check with several insurers to find the best rate for their situation.
The Best Cheap Car Insurance in Florida for 2020
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- The Best Affordable Car Insurance in Florida for 2020
The Best Cheap Car Insurance Companies for Florida Drivers in 2020
Most drivers choose from five well-known Florida auto insurance companies when seeking quotes. The table below looks at the most popular companies in the state and provides approximate costs for average drivers. These numbers exist only as estimates, so remember that the actual quote you receive may look substantially different.
Finding the best car insurance in Florida is possible with MoneyGeek’s actionable guide and discount checklist. The checklist can help you learn more about some of the many factors affecting car insurance quotes, including age, gender, vehicle type and a person’s driving record.
The Best Car Insurance Companies in Florida for 2020
MoneyGeek designed a streamlined rating system to help Floridians in need of auto insurance find the best option possible. By combining ratings from reputable outlets such as J.D. Power and AM Best, we can provide a comparative table of companies based on factors such as customer satisfaction, reliability and affordability. Take a look at the table to see which company ranks best.
Market Share by Company
The National Association of Insurance Commissioners identified the Berkshire Hathaway Group as the largest insurance provider in the state. The following table looks at the largest Florida auto insurance companies.
Cheapest Car Insurance for Drivers With a DUI in Florida
Nearly 8,500 people died in Florida car crashes involving a drunk driver between 2003 and 2012, a rate higher than the national average. Florida imposes strict penalties for people convicted of driving under the influence. Such penalties currently include jail time, fines and fees, license suspension and a mandatory ignition interlock device — not to mention increased auto insurance rates. You can use the table below to get a general sense of what to expect if you have a DUI and are looking for car insurance in Florida.
Florida maintains one 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. You can learn more about the real costs of a DUI and how to avoid them via MoneyGeek.
Cheapest Car Insurance for FL Speeding or Distracted Driving Tickets
Whether using a cellphone, fishing for items in your car or fiddling with the radio, distracted driving can cause 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.
Distracted driving can be costly not only regarding 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 FL 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. If your score sits below this number, you may incur higher insurance premiums. While a bad credit score does not automatically mean you won’t pay your bill, it does signal to insurance providers that you may carry substantial debt that may impact your ability to pay your expenses in a given month. The table below provides a few estimates of what you can expect to pay for auto insurance in Florida if your credit is poor.
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 Companies in Florida for Seniors
Even if seniors possess a perfect driving record, they may sometimes see their auto insurance premiums rise over time – especially if they don’t have the right coverage for their current age group. Drivers ages 65 and older accounted for 15.4% of all fatal Florida crashes in 2017, causing Florida insurance agencies to carefully consider how to best insure this demographic. Consult the following table for general figures regarding how the top insurers in Florida charge seniors for auto insurance.
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. Finding ways to protect yourself and others on the road while still saving money can be done, but it may take a bit of extra research to find the best rates, especially for senior drivers.
Cheapest Car Insurance for Students
Florida Car Insurance: How Much a Teen Driver Will Cost You
Median annual price change for families with a teen driver on their policy:$2,207 INCREASE
This is a difference of 132%.
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.
Premium Comparison by Student Type
PREMIUM COMPARISON FOR TWO ADULTS + 16-YEAR-OLD
Town and Country Limiteds$3,511
This is 27% less expensive.
Cheaper premium for college vs. high school drivers
Median premium change with a college student vs. high school driver:
This is a savings of 26%.
Potential discounts for teens in Florida
Impact on annual premium with good student and defensive driving discounts:
Florida students: a long-distance discount
You may pay a smaller annual family premium if your child lives 150 miles or more away from home.
$3,381 at home
$2,684 at school
$697 IN SAVINGS
$2,950 at home
$2,511 at school
$439 IN SAVINGS
Insurance Rate Information for Military Drivers and Veterans
Florida was home to more than 136,000 active, reserve and civilian members of the military as of December 2019. If you are deployed outside the state and won't be driving your car, contact your insurance company to discuss options. Florida law requires insurance on all registered vehicles, even if they are not currently being driven. Insurers may offer to discount your premiums. USAA, for example, offers deep discounts to members who store their vehicles on a military installation.
If you can prove your deployment and that you did not drive any civilian vehicles during that time, you may be able to temporarily cancel your registration and insurance and reinstate it when you return with no penalty.
If you’re an honorably discharged, disabled veteran with a valid disabled veteran ID card, you are exempt from Florida vehicle licensing and registration fees.
Age savings for Florida service members
Median auto insurance for service members: $1,351
Who Needs Car Insurance in Florida?
All vehicles with a valid Florida license plate and registration must be covered by Florida insurance. Even "snowbirds" need Florida vehicle insurance if visiting the state for more than 90 days per year.
Proof of Insurance in Florida
Florida insurance ID cards must be carried in your car at all times and shown to police when requested or after an accident. If not, a ticket may be issued for lacking proof of insurance.
The Florida Department of Highway Safety and Motor Vehicles (DHSMV, Florida's DMV) requires insurance companies to electronically report all new or canceled personal injury protection policies. If your insurance company notifies the department that your policy has been canceled and a new policy hasn't been activated, 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 ($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 in Personal Injury Protection (PIP). This covers you in an accident regardless of who is at fault. It also covers your injuries in a car accident while traveling in other vehicles, walking or biking.
- $10,000 Property Damage Liability (PDL). This covers damage to another person's vehicle if you are at fault in the accident.
The Florida Financial Responsibility Law requires you to hold liability insurance that covers accidents caused by you that injure others. This includes minimum bodily injury liability of $10,000 per person/$20,000 per crash. In other words, you aren't required by law to have bodily injury liability coverage — unless you get in an accident. But since accidents can't be predicted, it's best to think of liability insurance as a must-have.
High-Risk Auto Insurance Program in Florida
Alternatives to Insurance in Florida
Florida residents have a few alternatives to buying insurance, but they are more difficult and require additional resources upfront. You can fulfill your financial responsibility obligation by:
- Posting a surety bond.
- Depositing cash or securities with DHSMV.
- Providing DHSMV with evidence that you have sufficient capital and self-insuring your vehicle.
Car Insurance Requirements in Florida: How Much Coverage Do You Need?
What percentage of drivers in Florida lack vehicle insurance?
National average: 12.6%
Source:Insurance Information Institute.
Although you are only required to purchase $10,000 in PIP, $10,000 in property damage liability and — in reality — $10K/20K liability insurance per injury and crash, 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 $100,000 per injury and $300,000 per accident or more.
If you own a nicer car, you may want to look into collision and comprehensive insurance. Collision covers car accidents and collisions with objects like trees or telephone poles; comprehensive insurance pays for non-traffic damage 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.
For more on how much insurance you need, please see the MoneyGeek guide to car insurance.
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Expert Advice on Finding Cheap Car Insurance in Florida
- 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?
- Centers for Disease Control and Prevention. "Sobering Facts: Drunk Driving in Florida." Accessed March 4, 2020.
- Defense Manpower Data Center. "Military and Civilian Personnel by Service/Agency by State/Country." Accessed March 4, 2020.
- Driving Laws. "DUI Laws by State." Accessed March 4, 2020.
- DWI Records. "Florida DWI Records." Accessed March 4, 2020.
- Experian. "2019 Consumer Credit Review." Accessed March 4, 2020.
- Experian. "How to ‘Fix’ a Bad Credit Score." Accessed March 4, 2020.
- Florida Highway Safety and Motor Vehicles. "Points & Point Suspensions." Accessed March 4, 2020.
- Florida Highway Safety and Motor Vehicles. "Teen Drivers." Accessed March 4, 2020.
- Florida Highway Safety and Motor Vehicles. "Traffic Crash Facts, 2018." Accessed March 4, 2020.
- Florida Legislature. "The 2019 Florida Statutes." Accessed March 4, 2020.
- Insurance Information Institute. "Facts + Statistics: Uninsured Motorists." Accessed March 4, 2020.
- National Association of Insurance Commissioners. "2018 Market Share Report." Accessed March 4, 2020.
- National Highway Traffic Safety Administration. "Traffic Safety Facts, 2017." Accessed March 4, 2020.