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

Because Florida and New York have different car insurance laws and companies, costs and requirements vary. For example, GEICO is the cheapest company for minimum coverage in both states, but its annual policy average ranges from $590 in Florida to $1,092 in New York.

Advertising & Editorial Disclosure
Last Updated: 6/17/2022
Written By     |  

If you’re thinking about moving from Florida to New York, keep in mind that the two states mandate different car insurance coverages and limits. For instance, Florida doesn’t require bodily injury coverage, but New York does. New York also requires personal injury protection (PIP) and uninsured motorist coverage in its car insurance policies.

In this guide, MoneyGeek breaks down the differences between car insurance laws and requirements in Florida vs. New York. We also analyzed insurance costs to find the cheapest companies for your needs.

Car Insurance Laws in Florida vs. New York

Florida car insurance laws only require property damage liability and PIP in a minimum coverage policy. On the other hand, New York’s car insurance laws require 25/50/10 in liability limits along with PIP and uninsured motorist coverage. As a result, car insurance in New York is much more expensive than car insurance in Florida. Florida drivers pay approximately $1,123 per year for a policy, whereas New York drivers average $2,278 on auto insurance.

MINIMUM CAR INSURANCE REQUIREMENTS IN FLORIDA AND NEW YORK
  • Florida Requirements

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

    • $25,000 bodily injury liability per person
    • $50,000 bodily injury liability per accident
    • $10,000 property damage liability per accident
    • $25,000 uninsured/underinsured motorist coverage per person
    • $50,000 uninsured/underinsured motorist coverage per accident
    • $50,000 personal injury protection per person
    • $50,000 liability for death per person
    • $100,000 liability for death per accident
Loading...

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

Both Florida and New York are no-fault states. This means that you must file a claim with your insurance provider after an accident, regardless of who was at fault. No-fault states require drivers to have PIP coverage as part of their car insurance policies. This ensures you’re financially covered after an accident, but it may raise your premiums.

Cheapest Car Insurance Companies in Florida vs. New York

According to our research, here are the cheapest insurance companies by average minimum coverage policies in Florida and New York:

  • Cheapest in Florida: GEICO ($590 per year)
  • Cheapest in New York: GEICO ($1,092 per year)

For eligible military members and their families, the most affordable option is USAA, with policies averaging $406 in Florida and $902 in New York.

Although GEICO is the cheapest insurer in both states, its policies are far more expensive in New York than Florida. This shows that rates can vary widely from state to state.

Cheapest Car Insurance Companies in Florida

Scroll for more

swipe icon
Cheapest Car Insurance Companies in New York

Scroll for more

swipe icon
tip icon
THE CHEAPEST COMPANY FOR YOU MAY DIFFER

In Florida and New York, GEICO offers the cheapest policies at roughly $590 per year and $1,092 per year, respectively. However, these are only for minimum coverage. Your actual rate will differ based on location, coverage level, age, driving history and more. MoneyGeek created the following guides to help you find the most affordable options in your state:

Insurance Rates

Compare Insurance Rates

Ensure you are getting the best rate for your insurance. Compare quotes from the top insurance companies.

widget-location-pin

Average Cost of Car Insurance in Florida vs. New York

Coverage level is one of the factors that will influence the cost of your insurance. For instance, drivers with a minimum coverage policy pay an average of $1,123 per year in Florida and $2,278 in New York. Meanwhile, drivers with full coverage policies pay roughly $2,208 per year in Florida and $3,433 in New York.

Average Cost of Car Insurance in Florida vs. New York

Scroll for more

swipe icon
  • Driver
    Florida Annual Premium
    New York Annual Premium
  • Minimum Coverage
    $1,123
    $2,278
  • Full Coverage
    $2,208
    $3,433
  • Adding a Young Driver
    $4,913
    $9,285
  • Drivers With a Violation
    $2,902
    $4,287
  • Drivers With Poor Credit
    $4,194
    $10,640

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

There are many reasons car insurance in one state can be more expensive than in another — it’s impossible to pin the cause on just one factor.

For instance, Florida has higher highway density (meaning more crashes) and more uninsured drivers than New York, resulting in costlier insurance. This can be true even if New York has more expensive policies for minimum and full coverage insurance according to state averages.

Car Insurance Costs by City in Florida vs. New York

Car insurance rates can range widely depending on where you live within a state.

Gainesville is the cheapest city for state minimum insurance (averaging $693 per year) in Florida, whereas Hialeah is the most expensive ($1,461 per year). As for New York, you’ll pay the cheapest rates if you live in Rochester ($715 per year), but the most expensive rates if you live in New York City ($2,732 per year).

Car insurance requirements don’t vary in a given state, so it’s most likely that living in more densely populated areas affects your rate.

Car Insurance Costs by City in Florida

Scroll for more

swipe icon
Car Insurance Costs by City in New York

Scroll for more

swipe icon

Moving Between Florida and New York? What to Know

When moving from Florida to New York or vice versa, you’ll have to update your driver’s license and registration. You may be able to stay with your current insurer if it can still provide you with adequate coverage. However, your rate may change based on your new state's risks and coverage requirements.

If you do need to shop for a new insurer, MoneyGeek has resources you can use to find an option that best meets your driving profile.

  • This is an icon

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

    MoneyGeek’s Florida car insurance calculator or New York car insurance calculator will quickly estimate how much a policy costs in each state.

  • This is an icon

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

    High-risk drivers tend to pay higher insurance rates or face rejection from certain insurance carriers. Moreover, those in Florida must file an SR-22 form for serious driving offenses, such as driving under the influence of drugs or alcohol (DUI).

  • This is an icon

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

    Although most policies last a minimum of six months, there are ways to get temporary car insurance in Florida or temporary car insurance in New York if you’re only in the state for a short period.

  • This is an icon

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

    Since neither state offers low-income programs for car insurance, you can still save money by searching for low-income car insurance in Florida or low-income car insurance in New York instead.

FAQs About Florida and New York Car Insurance

Car insurance laws and prices often differ from state to state. MoneyGeek answers some frequently asked questions to help you better understand the differences between car insurance in Florida vs. New York.

Methodology

To calculate average car insurance rates by company and across Florida and New York, MoneyGeek collaborated with Quadrant Information Services to collect auto insurance quotes across 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 the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.


sources