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State Farm offers the cheapest minimum and full coverage car insurance in Florida. State Farm is most affordable for young adults, seniors, sports car drivers and those with violations. Nationwide is ideal for teens and drivers with poor credit.

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

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2023

Cheapest Car Insurance Florida (April 2023)

Cheapest Minimum Liability Car Insurance in Florida (April 2023)

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

  • State Farm: $507 per year
  • Travelers: $636 per year

Direct General Insurance is the most expensive car insurance company in Florida for minimum coverage, with an average annual premium of $1,274.

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

State Farm

$473

$39

State Farm

$507

$42

State Farm

$581

$48

Travelers

$615

$51

Travelers

$636

$53

Nationwide

$645

$54

Nationwide

$679

$57

Travelers

$693

$58

A minimum coverage policy only covers the cost of damages or injuries you cause to others. If you want broader 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 (April 2023)

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

  • State Farm: $1,058 per year
  • Travelers: $1,369 per year

Farmers Insurance charges the most for full coverage in Florida, at roughly $2,390 per year.

Adding comprehensive and collision coverage to your auto insurance can increase your annual premium. For example, State Farm's full coverage option is $551 more expensive than its minimum coverage option.

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, vandalism or flooding).

Company
Annual Premium
Monthly Premium

State Farm

$473

$39

State Farm

$507

$42

State Farm

$581

$48

Travelers

$615

$51

Travelers

$636

$53

Nationwide

$645

$54

Nationwide

$679

$57

Travelers

$693

$58

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.

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.

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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Click an insurer below to visit their review page or continue to your personalized quote.

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Cheapest Car Insurance in Florida for Teens and Their Families (April 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. 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. This rate difference is not as notable when drivers reach their 20s and beyond.

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 (April 2023)

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

  • State Farm: $1,259 per year
  • Travelers: $1,563 per year

Direct General Insurance is the least affordable car insurance provider for young adults at $2,956 per year on average. Twenty-five-year-old drivers in Florida pay roughly $201 more for car insurance each year than middle-aged drivers.

Company
Annual Premium
Monthly Premium

State Farm

$473

$39

State Farm

$507

$42

State Farm

$581

$48

Travelers

$615

$51

Travelers

$636

$53

Nationwide

$645

$54

Nationwide

$679

$57

Travelers

$693

$58

Cheapest Car Insurance in Florida for Seniors (April 2023)

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

  • State Farm: $970 per year
  • Travelers: $1,304 per year

Farmers has the most expensive car insurance rates for seniors, at approximately $2,528 per year.

Floridians in their 60s pay slightly less on average for auto insurance than drivers in their 40s and 50s, about $88 per year. However, rates tend to increase as drivers reach their 70s and 80s.

Company
Annual Premium
Monthly Premium

State Farm

$473

$39

State Farm

$507

$42

State Farm

$581

$48

Travelers

$615

$51

Travelers

$636

$53

Nationwide

$645

$54

Nationwide

$679

$57

Travelers

$693

$58

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 in Florida After a Ticket, Accident or DUI (April 2023)

State Farm charges the least for drivers with tickets, at-fault accidents or DUIs on their record in Florida.

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.

CHEAPEST CAR INSURANCE COMPANIES AFTER A DRIVING INCIDENT

Cheapest After a Ticket: State Farm ($1,190 per year)
Cheapest After an Accident: State Farm ($1,290 per year)
Cheapest After a DUI: State Farm ($1,190 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: $1,190 per year
  • Nationwide: $1,668 per year

GEICO is the most expensive provider at $3,748 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

$536

$45

State Farm

$576

$48

State Farm

$660

$55

Nationwide

$768

$64

Nationwide

$802

$67

Travelers

$869

$72

Travelers

$876

$73

Travelers

$894

$75

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: $1,290 per year
  • Travelers: $1,989 per year

Mercury charges the most for drivers with at-fault accidents — approximately $3,674 per year. Our average rate calculations show that being at fault in a car accident could increase your annual premium by $1,043 in Florida.

Company
Annual Premium
Monthly Premium

State Farm

$584

$49

State Farm

$627

$52

State Farm

$720

$60

Travelers

$921

$77

Travelers

$929

$77

Nationwide

$944

$79

Travelers

$950

$79

Nationwide

$981

$82

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: $1,190 per year
  • Progressive: $2,242 per year

At roughly $3,850 per year, GEICO is the most expensive auto insurance provider for drivers with a DUI. On average, a DUI raises your annual premium by $826 in Florida.

Company
Annual Premium
Monthly Premium

State Farm

$536

$45

State Farm

$576

$48

State Farm

$660

$55

Travelers

$1,064

$89

Travelers

$1,071

$89

Travelers

$1,090

$91

State Farm

$1,092

$91

Allstate

$1,145

$95

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

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

  • Nationwide: $1,918 per year
  • Direct General Insurance: $2,318 per year

If you have a low credit score, GEICO charges more than any other insurer for car insurance at $3,919 per year.

Credit score is an important factor when insurers calculate your rate. If your credit score is below 580, you might pay approximately $1,060 more for car insurance in Florida compared to someone with a credit score above 750.

Company
Annual Premium
Monthly Premium

Nationwide

$865

$72

Nationwide

$913

$76

Nationwide

$1,053

$88

Mercury

$1,196

$100

Direct General Insurance

$1,221

$102

State Farm

$1,249

$104

Travelers

$1,255

$105

Mercury

$1,268

$106

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 score when determining rates.

Improving your credit score 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 (April 2023)

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

  • State Farm: $1,189 per year
  • Travelers: $1,213 per year

With an average annual premium of $2,478, Farmers is the most expensive company to insure a sports car.

Since sports cars have higher repair and replacement costs, auto insurance is usually — but not always — more expensive than a policy for a standard vehicle. Compared to a Toyota Camry LE, for example, sports car drivers in Florida pay about $25 less on car insurance premiums.

Company
Annual Premium
Monthly Premium

State Farm

$473

$39

State Farm

$507

$42

State Farm

$581

$48

Travelers

$615

$51

Travelers

$636

$53

Nationwide

$645

$54

Nationwide

$679

$57

Travelers

$693

$58

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 (April 2023)

For active military members and veterans, the most affordable car insurance provider in Florida is State Farm, with an average rate of $1,058 per year.

USAA also provides inexpensive car insurance policies for military families. This company is available in all states to customers with direct ties to the military.

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MoneyGeek Top Pick
State Farm
  • $1,058 per year
  • Ranks first out of nine insurers for affordability

Although State Farm does not have military-specific discounts, it offers other opportunities to reduce the cost of car insurance. These include bundling, insuring multiple vehicles, installing anti-theft devices or completing a defensive driving 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 Gainesville has the most affordable car insurance in Florida, offered by State Farm at approximately $1,231 per year. State Farm is also the cheapest option in Hollywood, Florida, where a full coverage policy costs about $2,179.

Car insurance is most expensive in West Palm Beach, where an annual full coverage policy from Travelers costs an average of $2,269. The same policy in Cape Coral costs only $1,356.

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

City
Cheapest Company
Annual Premium

Brandon

GEICO

$1,724

Cape Coral

Travelers

$1,356

Clearwater

State Farm

$1,719

Coral Springs

State Farm

$2,103

Davie

GEICO

$1,946

Fort Lauderdale

State Farm

$1,880

Gainesville

State Farm

$1,231

Hialeah

GEICO

$2,100

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.

  • 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 will 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 financed your car purchase.

Comprehensive insurance covers repairing or replacing your vehicle if it gets damaged by off-road incidents. Scenarios include theft, vandalism, animal damage and weather-related events. 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.

FAQs 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?
Dr. Alexandra Aguirre-Rodriguez
Dr. Alexandra Aguirre-Rodriguez

Associate Professor Department of Marketing & Logistics at Florida International University

Alex Horenstein
Alex Horenstein

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

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

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

Lealand Morin
Lealand Morin

Assistant Professor of Economics at the University of Central Florida

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

Director of the University of South Florida's Financial Planning & Wealth Management Program

Dr. Arun Upadhyay
Dr. Arun Upadhyay

Associate Professor - Department of Finance at Florida International University

Jeffrey Brown
Jeffrey Brown

Professor of Finance at Johnson University

Valrie Chambers
Valrie Chambers

Associate Professor of Accounting at Stetson University

Barbara VanderWerf
Barbara VanderWerf

Assistant Professor of Business and Management at Palm Beach Atlantic University

Dena Hale
Dena Hale

Assistant Professor of Sales & Marketing at Stetson University

Dr. Andrew Burnstine
Dr. Andrew Burnstine

Associate Professor of Marketing at Lynn 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

Dennis E. Sawan
Dennis E. Sawan

Managing Partner at Sawan and Sawan

Prof. Lloyd Mitchell
Prof. Lloyd Mitchell

Associate Professor of Accounting at St. Thomas University

James Farrell
James Farrell

Associate Professor of Finance and Economics at Florida Southern College

Julia Roberts
Julia Roberts

Product Lines Producer at Cobia Insurance

Shanna Pohlmann
Shanna Pohlmann

Agency Owner/Accredited Advisor in Insurance

Robbie Korth
Robbie Korth

President, CIC, Park & Associates, Inc

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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