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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.

Company
Amount
1. USAA
In 2020, USAA ranked #1 in Florida for the cheapest car insurance on average.
$940
per year
2. GEICO
In 2020, GEICO ranked #2 in Florida for the cheapest car insurance on average.
$1,337
per year
3. State Farm
In 2020, State Farm ranked #3 in Florida for the cheapest car insurance on average.
$1,867
per year
4. MetLife
In 2020, MetLife ranked #4 in Florida for the cheapest car insurance on average.
$2,014
per year
5. Allstate
In 2020, Allstate ranked #5 in Florida for the cheapest car insurance on average.
$2,298
per year
6. Travelers
In 2020, Travelers ranked #6 in Florida for the cheapest car insurance on average.
$2,335
per year
7. Allied
In 2020, Allied ranked #7 in Florida for the cheapest car insurance on average.
$2,365
per year
8. Mercury
In 2020, Mercury ranked #8 in Florida for the cheapest car insurance on average.
$2,720
per year
9. Progressive
In 2020, Progressive ranked #9 in Florida for the cheapest car insurance on average.
$2,728
per year

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.

Expand all Rankings +

1

USAAScore: 100
+

5/5

User Satisfaction

5/5

Claims Ratings

5/5

Affordability

A++

Financial Stability

2

EsuranceScore: 95
+

5/5

User Satisfaction

4/5

Claims Ratings

5/5

Affordability

A+

Financial Stability

3

GEICOScore: 85
+

3/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A++

Financial Stability

4

TravelersScore: 85
+

2/5

User Satisfaction

4/5

Claims Ratings

3/5

Affordability

A++

Financial Stability

5

MetLifeScore: 82.5
+

2/5

User Satisfaction

4/5

Claims Ratings

3/5

Affordability

A+

Financial Stability

6

HartfordScore: 82.5
+

2/5

User Satisfaction

5/5

Claims Ratings

2/5

Affordability

A+

Financial Stability

7

Liberty MutualScore: 80
+

3/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A

Financial Stability

8

Auto-Owners Insurance CoScore: 80
+

2/5

User Satisfaction

2/5

Claims Ratings

3/5

Affordability

A++

Financial Stability

9

State FarmScore: 77.5
+

3/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A-

Financial Stability

10

NationwideScore: 77.5
+

2/5

User Satisfaction

2/5

Claims Ratings

3/5

Affordability

A+

Financial Stability


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.

Company
Market Share
1. GEICO
25.23%
2. Progressive
18.33%
3. State Farm
14.74%
4. Allstate
9.28%
5. USAA
7.07%
6. Liberty Mutual
3.05%
7. Travelers
2.19%
8. National General
1.98%
9. Kemper
1.78%
10. Auto-Owners Insurance Co
1.69%

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.

Company
Amount
1. USAA
In 2020, USAA ranked #1 in Florida for the cheapest car insurance for drivers with a DUI.
$1,715
per year
2. State Farm
In 2020, State Farm ranked #2 in Florida for the cheapest car insurance for drivers with a DUI.
$2,018
per year
3. Allstate
In 2020, Allstate ranked #3 in Florida for the cheapest car insurance for drivers with a DUI.
$2,929
per year
4. GEICO
In 2020, GEICO ranked #4 in Florida for the cheapest car insurance for drivers with a DUI.
$2,963
per year
5. Progressive
In 2020, Progressive ranked #5 in Florida for the cheapest car insurance for drivers with a DUI.
$3,543
per year
6. Travelers
In 2020, Travelers ranked #6 in Florida for the cheapest car insurance for drivers with a DUI.
$4,463
per year
7. MetLife
In 2020, MetLife ranked #7 in Florida for the cheapest car insurance for drivers with a DUI.
$4,687
per year
8. Mercury
In 2020, Mercury ranked #8 in Florida for the cheapest car insurance for drivers with a DUI.
$4,712
per year
9. Allied
In 2020, Allied ranked #9 in Florida for the cheapest car insurance for drivers with a DUI.
$4,790
per year

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.

Company
Amount
1. USAA
In 2020, USAA ranked #1 in Florida for the cheapest car insurance for distracted drivers.
$1,039
per year
2. State Farm
In 2020, State Farm ranked #2 in Florida for the cheapest car insurance for distracted drivers.
$2,018
per year
3. Allstate
In 2020, Allstate ranked #3 in Florida for the cheapest car insurance for distracted drivers.
$2,298
per year
4. GEICO
In 2020, GEICO ranked #4 in Florida for the cheapest car insurance for distracted drivers.
$2,360
per year
5. MetLife
In 2020, MetLife ranked #5 in Florida for the cheapest car insurance for distracted drivers.
$2,384
per year
6. Allied
In 2020, Allied ranked #6 in Florida for the cheapest car insurance for distracted drivers.
$3,044
per year
7. Travelers
In 2020, Travelers ranked #7 in Florida for the cheapest car insurance for distracted drivers.
$3,228
per year
8. Progressive
In 2020, Progressive ranked #8 in Florida for the cheapest car insurance for distracted drivers.
$3,935
per year
9. Mercury
In 2020, Mercury ranked #9 in Florida for the cheapest car insurance for distracted drivers.
$3,950
per year

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.

Company
Amount
1. USAA
In 2020, USAA ranked #1 in Florida for the cheapest car insurance for drivers with poor credit.
$2,303
per year
2. GEICO
In 2020, GEICO ranked #2 in Florida for the cheapest car insurance for drivers with poor credit.
$2,413
per year
3. State Farm
In 2020, State Farm ranked #3 in Florida for the cheapest car insurance for drivers with poor credit.
$3,343
per year
4. Allied
In 2020, Allied ranked #4 in Florida for the cheapest car insurance for drivers with poor credit.
$3,436
per year
5. Travelers
In 2020, Travelers ranked #5 in Florida for the cheapest car insurance for drivers with poor credit.
$4,125
per year
6. Allstate
In 2020, Allstate ranked #6 in Florida for the cheapest car insurance for drivers with poor credit.
$4,294
per year
7. Progressive
In 2020, Progressive ranked #7 in Florida for the cheapest car insurance for drivers with poor credit.
$4,399
per year
8. Mercury
In 2020, Mercury ranked #8 in Florida for the cheapest car insurance for drivers with poor credit.
$5,545
per year
9. MetLife
In 2020, MetLife ranked #9 in Florida for the cheapest car insurance for drivers with poor credit.
$7,396
per year

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.

Company
Amount
1. USAA
In 2020, USAA ranked #1 in Florida for the cheapest car insurance for seniors.
$1,072
per year
2. GEICO
In 2020, GEICO ranked #2 in Florida for the cheapest car insurance for seniors.
$1,304
per year
3. State Farm
In 2020, State Farm ranked #3 in Florida for the cheapest car insurance for seniors.
$1,787
per year
4. MetLife
In 2020, MetLife ranked #4 in Florida for the cheapest car insurance for seniors.
$2,107
per year
5. Allstate
In 2020, Allstate ranked #5 in Florida for the cheapest car insurance for seniors.
$2,288
per year
6. Travelers
In 2020, Travelers ranked #6 in Florida for the cheapest car insurance for seniors.
$2,370
per year
7. Allied
In 2020, Allied ranked #7 in Florida for the cheapest car insurance for seniors.
$2,501
per year
8. Mercury
In 2020, Mercury ranked #8 in Florida for the cheapest car insurance for seniors.
$3,073
per year
9. Progressive
In 2020, Progressive ranked #9 in Florida for the cheapest car insurance for seniors.
$3,168
per year

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.

Company
Amount
1. GEICO
In 2020, GEICO ranked #1 in Florida for the cheapest car insurance for students.
$2,902
per year
2. Allstate
In 2020, Allstate ranked #2 in Florida for the cheapest car insurance for students.
$3,840
per year
3. State Farm
In 2020, State Farm ranked #3 in Florida for the cheapest car insurance for students.
$4,725
per year
4. Progressive
In 2020, Progressive ranked #4 in Florida for the cheapest car insurance for students.
$4,761
per year
5. Allied
In 2020, Allied ranked #5 in Florida for the cheapest car insurance for students.
$8,685
per year


Premium Comparison by Student Type

PREMIUM COMPARISON FOR TWO ADULTS + 16-YEAR-OLD

car
Average premium for two 2014

Mustang GTs

$4,809
car
Average premium for two 2008

Town and Country Limiteds

$3,511
Annual benefits of minivans:$1,298 saved

This is 27% less expensive.

Cheaper premium for college vs. high school drivers

Median premium change with a college student vs. high school driver:

$1,044 DECREASE

This is a savings of 26%.

Potential discounts for teens in Florida

Impact on annual premium with good student and defensive driving discounts:

coins
$338 SAVED

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.

male
Average premium for a 19-year-old male
car

$3,381 at home

graduation

$2,684 at school

$697 IN SAVINGS

female
Average premium for a 19-year-old female
car

$2,950 at home

graduation

$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

male
25 years$1,581
50 years$1,331
female
25 years$1,537
50 years$1,325

$250 Saved
$212 Saved

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 companies use your location to calculate your rate.
Explore average rates for your city.

Car Insurance Requirements in Florida: How Much Coverage Do You Need?

What percentage of drivers in Florida lack vehicle insurance?

23.8%

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

  1. What are the key factors drivers in Florida should look for when searching for the best auto insurance coverage?

    Drivers must consider the unique characteristics of the area where they live. Some areas are more densely populated and are more accident-prone, for example. If you drive on the highway frequently, you want to make sure you are covered for highway assistance or collision assistance.

    First, it is important to get insurance from a well-established, reliable company. Then, I would suggest drivers in Florida increase their coverage if their budget allows for it since Florida ranks high among the States with the worse driving statistics in the US.

    Because so many drivers in Florida are uninsured, I would strongly recommend insurance that covers the standard collision but also uninsured motorists.

    It depends on what you consider to be “the best” auto insurance coverage. For many people, an insurance contract is merely a financial contract (after all, it is a legal contract about cash flows), so the decision revolves around price. Keep in mind the cash flows on the other end.

    After a claim, coverage differs in payments and service. How will your payment be processed? How much paperwork is involved? How long will it take? Is there 24-hour assistance? Will you get a rental car? Research online to determine if the insurer is associated with a reputable chain of repair facilities—or will they cut costs with low-ball appraisals or extra charges for repairs?

    How else do you find this information? Well, do you buy your insurance from an agent or a broker or on a website? Agents work for specific insurers and have close relationships with their firms. Brokers are independent and are known to shop around more. They may differ in the way they handle claims; some will process your claims for you. Ask yourself: Do you need to minimize stress after a mishap or are you cool and calm and willing to do some of the legwork yourself? For those who value digital convenience, many insurers have Websites to help you process claims on your phone. For others, this is unacceptably impersonal. Determine the best policy for you by considering what happens on both ends of the contract.

    Most folks want to spend as little as possible on their auto insurance. This makes planning sense, as resources not needed for insurance coverage may be spent or saved elsewhere in their budget. However, it is vital to first determine the driver’s appropriate level of coverage and use that same standard of coverage when judging the value of different companies’ insurance rates. Also, it is imperative that the auto policy’s exclusions of coverage are known. This is especially true with the emergence of a heightened delivery service industry, wherein employees may be encouraged to use their own cars. A “livery” exclusion generally prohibits the use of the individual’s car for transporting for business purposes. Suppose a laid off worker were to temporarily begin delivering food in their own car. If that driver were in a collision whilst driving to a customer’s home, not only would their insurance company likely deny the claim because of a undisclosed business use of the vehicle, if the driver injured another person or damaged another’s property—that second party would likely have to file a claim on their “uninsured motorist” coverage.

    Insurer's reputation, ratings and the level of reserves are important, but it's also important to understand that good quality does come with a price. However, there are insurers who manage their portfolio well and keep their margins low to attract good customers. Drivers should inquire about the pricing and coverages and compare them across multiple insurers before finalizing their choice.

  2. What steps can drivers in Florida take to find affordable car insurance?

    Florida drivers should ask around. Social media apps like "Nextdoor" and "Facebook" facilitate asking others for recommendations.

    Currently, most, if not all, big insurance companies provide quotes over the internet. The best strategy is to sit in front of the computer and shop.

    Shop around—and do it often. Pricing models differ across companies based on the statistical methods they use and the experience they have had with drivers. You might find a company that has had fewer accidents with drivers similar to you.

    Over the long term, insurance markets alternate between what are called “soft” and “hard” insurance markets. In a soft market, insurers adopt looser underwriting standards and set lower premiums. This usually takes place when insurers are more profitable. In a hard market, insurers raise their premiums and are choosy about the policies they will underwrite. This is especially important in Florida because many insurers offer many different kinds of property insurance. After a large storm, insurance payouts will rise and this might induce a harder market as firms take more defensive positions in other risks to compensate. For example, a recent Insurance Journal article describes how several insurers are closing operations in Florida. While this is mainly true in the property insurance market, it can mean a tighter market for other types of insurance. This shows that it is more important to shop for coverage over time in Florida because the broader insurance market in Florida is subject to shocks from storm activity.

    It is also a good idea shop around over time because you become a more appealing customer as you gain experience. Consider scheduling an insurance “check-up” on your 6-month or annual anniversaries of claim-free coverage—unlike the dentist, this check-up might relieve some pain.

    After identifying the appropriate type and level of insurance needed, as well as whether to get a higher deductible for a lower premium—a true comparison may be possible. Online insurance quotes may be dependent upon how well the computer user can keep all of these things in mind. Alternatively, financial planners usually recommend their clients consider using multi-line insurance agents. Often, those companies can bundle auto insurance with homeowners insurance or renters insurance and other property and casualty insurance. Such agents may also remind folks they may need to keep a minimum level of automobile insurance coverage to permit them to acquire or maintain a Personal Liability Umbrella Policy. While no one wants to overspend on auto insurance, drivers should keep in mind that saving funds by being underinsured, inadequately or incorrectly insured could become far more costly. Besides, the person most likely to file a claim on one’s auto insurance is the insured. Properly selected auto insurance coverage yields peace of mind.

    More research and comparison.

  3. How do regulations and rules in Florida impact insurance pricing and how consumers might shop for coverage?

    Florida’s state government fosters a vicious circle: They make a lot of money—more than $1 billion/year, according to Forbes—collecting fines related to driving and licenses. Drivers’ inability to pay these fines leads to suspended licenses, which then causes insurance companies to stop coverage. But these folks can’t stop driving, or else they can’t get to work. As a result, Florida has a massive number of people driving without insurance and/or suspended licenses. That makes driving in Florida riskier for everyone, and drives up insurance prices for all of us. So, driving in Florida becomes even more expensive, and the cycle continues.

    Florida requires low minimum coverage levels: only $10,000 to cover property damage and personal injury protection. Many drivers take this a step further because Florida leads the nation in the number of uninsured drivers; Car and Driver reported that one in four drivers operates a vehicle without enough insurance.

    While this policy offers more freedom of choice, it can cost all drivers. After an accident with an under-insured driver, your insurance company will have to cover the unpaid expenses. This cuts two ways: sometimes your insurer steps in for the other driver (more claim events), and there may be additional items on a single claim (more expensive claims). Florida drivers should resist the temptation to sacrifice this type of coverage to save a few dollars.

    Florida also requires continuous coverage to maintain valid license plates. In most states, insurance premiums are higher for drivers with gaps in their coverage. This is especially important in Florida since the penalty for not having coverage can be license suspension, which damages your driving record. This restriction does place the buyer in a better bargaining position: You can always keep your current policy while you shop around. Insurance premiums vary over time and between companies, so check periodically for quotes.

    Finally, the road system is different. Florida has one of the higher maximum speed limits and the severity of accidents increase with speed. On the other hand, Florida also has a large toll system, which finances high-quality roads. A better quality surface, stretching across more lanes, means a less congested and more orderly flow of traffic.

    When you shop, think honestly about your own driving style: Do your passengers feel like they’re on the carousel at Magic Kingdom or the Daytona 500 speedway? If it is the former and you stay off the highways, you can get away with lower coverage. If you find yourself taking risks on the road, you are better off doubling down on insurance.


Dr. Alexandra Aguirre-Rodriguez
Dr. Alexandra Aguirre-RodriguezAssociate Professor Department of Marketing & Logistics at Florida International University
Alex Horenstein
Alex HorensteinAssistant Professor of Economics at the University of Miami Herbert Business School
Dr. Amanda J. Phalin
Dr. Amanda J. PhalinSenior Lecturer, Warrington College of Business at the University of Florida
Lealand Morin
Lealand MorinAssistant Professor of Economics at the University of Central Florida
Dr. Robert W. Tiller
Dr. Robert W. TillerDirector of the University of South Florida's Financial Planning & Wealth Management Program
Dr. Arun Upadhyay
Dr. Arun UpadhyayAssociate Professor - Department of Finance at Florida International University


Sources