Compare Rates and Save on Auto Insurance


If you're traveling from Florida to New Jersey or vice versa, you'll need to consider car insurance requirements. For instance, both states require property damage liability per accident, but Florida requires a coverage of $10,000, whereas New Jersey only requires $5,000.

MoneyGeek analyzed insurance regulations, criteria and costs in its car insurance Florida vs. New Jersey review to help you find the best auto insurance policy for your needs.

Car Insurance Laws in Florida vs. New Jersey

Florida car insurance laws only require property damage liability and personal injury protection (PIP). Car insurance laws in New Jersey, meanwhile, require a minimum liability insurance coverage of $15,000 per person for injury or death, $30,000 per accident for all injuries and $5,000 for property damage. This is in addition to a minimum of $15,000 in PIP.

The average cost of state-minimum coverage in Florida is $1,123, whereas, in New Jersey, it’s $1,018. State car insurance laws are just one of several factors that affect the cost of premiums; population density and frequency of accidents also impact that rate that you receive.


Florida Requirements

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

New Jersey Requirements

  • $5,000 property damage liability per accident
  • $1,000 personal injury protection per person

How Are Car Insurance Laws Enforced in Florida and New Jersey?

Florida and New Jersey are “no-fault” states, which could contribute to higher car insurance premiums. This means that drivers are accountable for vehicle damage and medical expenditures regardless of who caused the crash.

To put it another way, no-fault vehicle insurance regulations require each motorist to file a claim with their own insurance company following an accident. As part of their auto insurance policy, all no-fault drivers must purchase personal injury protection.

Cheapest Car Insurance Companies in Florida vs. New Jersey

According to MoneyGeek's analysis, the following are the cheapest insurance companies in Florida and New Jersey, based on average minimum coverage policies:

  • Cheapest in Florida: GEICO ($590 per year)
  • Cheapest in New Jersey: GEICO ($499 per year)

GEICO is the cheapest insurer in both states, although its insurance policies in Florida are more expensive than those in New Jersey. This demonstrates how rates can differ significantly from one state to the next.

Despite having the lowest annual rates in Florida, at $406, USAA's policies are exclusively available to current and former military personnel and their families.

Cheapest Car Insurance Companies in Florida
Annual Rate














State Farm











Cheapest Car Insurance Companies in New Jersey
Annual Rate





New Jersey Manufacturers






Amica Mutual












State Farm





mglogo icon

GEICO has the cheapest auto insurance costs in Florida and New Jersey, but these are only for minimum coverage policies. Your rate is decided by the amount of coverage you have, your age, driving history, location and other criteria. MoneyGeek explored the most cost-effective choices in both states:

Insurance Rates

Compare Auto Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.


Average Cost of Car Insurance in Florida vs. New Jersey

The level of coverage impacts the cost of auto insurance in Florida vs. New Jersey. Florida's premiums are much more expensive than New Jersey's for both minimal and full coverage options.

In Florida, the average annual cost for a minimum coverage policy is $1,123, whereas in New Jersey, it is $1,018. On average, full coverage policies in Florida and New Jersey cost $2,208 and $1,674 per year, respectively. But because rates are based on a variety of other factors, your final price may differ.

Average Cost of Car Insurance in Florida vs. New Jersey
Florida Annual Premium
New Jersey Annual Premium

Minimum Coverage



Full Coverage



Adding a Young Driver



Drivers With a Violation



Drivers With Poor Credit



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

Several factors affect auto insurance premiums, which explains why rates in Florida are greater than in New Jersey. While both states have higher auto premiums than other states because of their no-fault status, Florida also has a higher percentage of uninsured drivers. This translates to higher insurance costs in the state.

Car Insurance Costs by City in Florida vs. New Jersey

The cost of auto insurance varies greatly depending on where you live within a state. In Florida, Gainesville has the cheapest auto insurance policies at an average of $693 per year, while Hialeah has the most expensive policies at $1,461 per year. Meanwhile, in New Jersey, the cheapest and most expensive policies can be found in Jersey City and Paterson at $960 and $1,089 per year, respectively.

While all states have identical car insurance standards, other factors such as population density and cost discrepancies between cities impact the cost of your premium.

Car Insurance Costs by City in Florida
Average Annual Rate

Cape Coral




Coral Springs




Fort Lauderdale














Miami Gardens






Palm Bay


Pembroke Pines


Pompano Beach


Port St. Lucie


St. Petersburg






West Palm Beach


Car Insurance Costs by City in New Jersey
Average Annual Rate



Jersey City






Moving Between Florida and New Jersey? What to Know

When you move from Florida to New Jersey or vice versa, you'll need to transition your driver's license and registration. You may be able to keep your current insurer if you are happy with it, but rates may change to reflect the new state's risks and coverage requirements.

In the interest of looking for a new insurance provider, MoneyGeek included numerous resources to help you find the best policy for you.

  • computer icon

    Use MoneyGeek’s car insurance calculators for Florida and New Jersey

    MoneyGeek's Florida car insurance calculator or New Jersey car insurance calculator will instantly estimate how much a policy costs in each state based on your age, driving record, credit score, vehicle type and other information.

  • accident2 icon

    Learn about car insurance for high-risk drivers in Florida and New Jersey

    High-risk drivers are more likely to pay higher insurance premiums or be turned down by certain insurance companies. In Florida, persons who have committed major driving violations must complete a Florida SR-22 form, however, New Jersey does not have this requirement.

  • wristwatch icon

    Figure out your options for temporary car insurance in Florida and New Jersey

    There are ways to get temporary auto insurance in Florida or temporary car insurance in New Jersey if you're only in the state for a short time, though most policies last a minimum of six months.

  • coins icon

    If you’re a low-income driver, see if Florida or New Jersey offer car insurance programs

    New Jersey offers a state-funded option for low-income drivers seeking car insurance. Their Special Automobile Insurance Policy (SAIP) provides minimum car insurance to eligible drivers for $365 per year. Additional resources for drivers seeking low-income car insurance in New Jersey are also available. Though no state-funded programs exist in Florida, MoneyGeek offers a range of resources to assist low-income drivers in Florida in their search for ways to save money on car insurance premiums.

FAQs About Florida and New Jersey Car Insurance

MoneyGeek answers some frequently asked questions regarding vehicle insurance in Florida and New Jersey to help you make an informed choice about a policy that fits your every need.


To calculate average car insurance rates by company and across Florida and New Jersey, 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 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.