Car Insurance in Florida vs. Georgia: Costs, Laws and Resources


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ByMark Fitzpatrick
ByMark Fitzpatrick

Updated: May 20, 2024

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If you’re considering moving from Florida to Georgia, or vice versa, you need to consider the different car insurance coverage requirements in each state.

Both states require property damage liability but Georgia requires a higher coverage amount. A major difference is that Florida requires personal injury protection (PIP) in its minimum car insurance policies, while Georgia requires bodily injury liability.

MoneyGeek analyzed costs to find the cheapest companies in these two states and the difference between car insurance laws and requirements in Florida vs. Georgia.

Car Insurance Laws in Florida vs. Georgia

Florida car insurance laws require drivers to obtain property damage liability and personal injury protection (PIP). While Georgia car insurance laws require drivers to obtain property damage and bodily injury liability coverage per person and per accident.

Although Florida requires less minimum coverage, the cost of a minimum car insurance policy is more expensive in Florida vs. Georgia. On average, Florida drivers pay $1,123 per year for a minimum car insurance policy, while Georgia drivers pay $977 per year for a policy.

Due to a variety of factors including specific minimum coverage requirements, population density and frequency of accidents, Florida’s car insurance rates are much more expensive than in other states like Georgia.

MINIMUM CAR INSURANCE REQUIREMENTS IN FLORIDA AND GEORGIA

Florida Requirements

  • $10,000 property damage liability per accident
  • $10,000 personal injury protection per person

Georgia Requirements

  • $25,000 bodily injury liability per person
  • $50,000 bodily injury liability per accident
  • $25,000 property damage liability per accident

Car Insurance Resources for Florida and Georgia

 

MoneyGeek analyzed car insurance costs in Florida vs. Georgia to find the cheapest options, the best service and how costs vary between states. Below are helpful resources for Florida and Georgia's drivers looking for car insurance based on their needs and budget.

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How Are Car Insurance Laws Enforced in Florida and Georgia?

Car insurance can also differ because each state follows different car insurance laws.

For example, Florida’s car insurance policies are more expensive because it is a no-fault state, meaning regardless of who caused an accident, drivers file claims with their own car insurance companies.

Georgia, on the other hand, is a tort state, which means drivers that are found at fault in an accident are responsible for paying the other driver’s medical expenses, damages, lost wages and any other associated costs.

Cheapest Car Insurance Companies in Florida vs. Georgia

According to MoneyGeek’s analysis, the cheapest car insurance companies for an average minimum policy in Florida and Georgia are the following:

  • Cheapest in Florida: GEICO ($590 per year)
  • Cheapest in Georgia: GEICO ($722 per year)

Eligible military members may qualify for a much cheaper option from USAA at $406 per year in Florida and $493 per year in Georgia.

Although GEICO is the cheapest in both states, Georgia's insurance rates are much higher than in Florida. This shows how rates can vary for the same provider by state.

Cheapest Car Insurance Companies in Florida
Company
Annual Rate

1.

USAA

$406

2.

GEICO

$590

3.

Allstate

$1,034

4.

Allied

$1,056

5.

State Farm

$1,085

6.

Travelers

$1,120

7.

Mercury

$1,356

8.

Progressive

$1,564

Cheapest Car Insurance Companies in Georgia
Company
Annual Rate

1.

USAA

$493

2.

GEICO

$722

3.

State Farm

$780

4.

Country Financial

$796

5.

Allstate

$841

6.

Nationwide

$897

7.

Mercury

$915

8.

Progressive

$1,091

9.

Esurance

$1,313

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THE CHEAPEST COMPANY FOR YOU MAY DIFFER

Though GEICO offers the cheapest policies in both states, these rates are for a policy with only the minimum coverage requirements. Depending on your personal needs, you may need more coverage. Factors like your location, coverage levels, age, driving history and more are important to consider when it comes to buying car insurance policies.

MoneyGeek compared the cheapest rates in both states based on your coverage needs and budget:

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Average Cost of Car Insurance in Florida vs. Georgia

The amount of coverage you need will affect the cost of your insurance. Drivers with a minimum coverage policy pay an average of $1,123 per year in Florida and $977 in Georgia. Meanwhile, drivers with full coverage policies pay roughly $2,208 per year in Florida and $1,638 in Georgia.

Average Cost of Car Insurance in Florida vs. Georgia
Driver
Florida Annual Premium
Georgia Annual Premium

Minimum Coverage

$1,123

$977

Full Coverage

$2,208

$1,638

Adding a Young Driver

$4,913

$5,022

Drivers With a Violation

$2,902

$2,110

Drivers With Poor Credit

$4,194

$2,955

Why Are Car Insurance Rates More Expensive in Florida vs. Georgia?

Generally, Florida has higher car insurance rates in most states, ranking as the fourth most expensive state for car insurance in the U.S.

There are various factors that affect car insurance rates, so it’s impossible to pin it on just one factor. More expensive states and no-fault states generally require more insurance coverage. As such, the cost of car insurance is higher in Florida, a no-fault state.

Florida also has more dense highways, accidents and natural disasters than Georgia, which contribute to the higher cost of car insurance.

Car Insurance Costs by City in Florida vs. Georgia

Car insurance rates not only differ between states but also within cities.

In Florida, Gainesville offers the cheapest policies at $693 per year, while Hialeah offers the most expensive policies at $1,461 per year. As for Georgia, Athens has the cheapest policies at $679 per year, while Atlanta has the most expensive policies at $977 per year.

Car insurance requirements are the same everywhere in a state and therefore do not affect costs. However, densely populated areas like Florida are more likely to have higher car insurance rates.

Car Insurance Costs by City in Florida
Car Insurance Costs by City in Georgia
City
Average Annual Rate

Athens

$679

Atlanta

$977

Augusta

$710

Columbus

$732

Macon

$852

Sandy Springs

$890

Savannah

$821

Moving Between Florida and Georgia? What to Know

Drivers moving from Florida to Georgia or vice versa will need to transfer their license and registration.

If you’re happy with your current policy, you may want to stay with the same insurer. However, your rates and coverage options may change to reflect the new state’s requirements.

If you need to shop for a new insurer, MoneyGeek gathered resources to help you find the best fit, depending on your driving background.

FAQs About Florida and Georgia Car Insurance

MoneyGeek answered the most frequently asked question to help you better understand car insurance in Florida vs. Georgia.

How do car insurance laws and requirements differ in Florida and Georgia?
Are the cheapest car insurance companies different in Florida and Georgia?

Methodology

To calculate average car insurance rates by company and across Florida and Georgia, MoneyGeek collaborated with Quadrant Information Services to collect auto insurance quotes from both locations. We used a sample profile for a 40-year-old driver with a clean driving record and minimum coverage unless modified by criteria like coverage level, age, driving offenses and credit score. Learn more about how costs are calculated in our MoneyGeek car insurance methodology.

Minimum car insurance requirements by state were sourced from the Department of Motor Vehicles (DMV) of the respective state.

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick 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 knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.