Best Cheap Car Insurance Companies for High-Risk Drivers in Florida

Car insurance companies charge high-risk drivers more because they often make more claims. But don't lose heart and accept the first insurance you see. You could save a pretty penny by comparing high-risk car insurance quotes.

At $1,960 per year, Florida's State Farm offers the best value in cost and support for high-risk drivers. Your specific situation may impact your actual rate.

High-risk drivers are statistically more likely to submit claims. So, auto insurers often charge them more to balance out how much these customers could cost them. For example, high-risk drivers in Florida pay an average of 30% more than others for their premiums.

Companies categorize high-risk drivers in a variety of ways. For instance, you may be considered high-risk if you've had at-fault accidents, tickets, infractions or DUIs.

Being a young driver can also put you in the high-risk category because of your lack of experience.

For high-risk drivers needing cheap car insurance in Florida, MoneyGeek recommends State Farm. It’s the most affordable auto insurance in the state at $1,960 per year for various high-risk driver profiles.

Check out our State Farm review if you'd like to learn more about this company.

According to MoneyGeek’s evaluation, State Farm had an overall rating of 89.5. This makes it the best high-risk auto insurance company in Florida.

In Florida, State Farm has the cheapest insurance for drivers with DUI convictions. They're charged an average premium of $1,913 per year.

For active-duty or former military in the state who have had DUIs, USAA may be an affordable option.

We found that GEICO offers the cheapest car insurance for teen drivers in Florida, costing $3,908.per year on average. Your age is one of the variables impacting the price of your car insurance.

Find out more information about this insurance by reading our GEICO review.

Drivers with bad credit ratings are generally more likely to submit claims. That’s why this type of policyholder is usually tagged as high-risk. At an average annual cost of $2,489, GEICO has the cheapest car insurance for drivers with poor credit in Florida.

Insurance companies often determine rates based on a driver's history and profile. And rates for high-risk drivers are generally higher.

For instance, in Florida, high-risk drivers pay an average of $3,160 per year. Drivers with spotless records pay around $2,148.

You can use MoneyGeek's Florida car insurance calculator to estimate the cost of a policy. It uses factors like the type of vehicle you use, your age, coverage level and driving record. Our tool can also help find out which parts of your profile affect your premiums the most.

Insurance companies can say "no" to any applicant. But, if the providers in your state deem you too risky, you can still get insurance coverage.

Consider a residual market plan through the Automobile Insurance Plan Service Office (AIPSO). For nearly 50 years, this national nonprofit has worked to help high-risk drivers find insurance.

The state-by-state database from AIPSO can help you find a residual market strategy. For licensed drivers and vehicle owners who can't get insurance from other companies, there's the Florida Automobile Joint Underwriting Association or FAJUA.

All insurers who write auto liability or physical damage insurance in Florida have to join the Association. They must subscribe to its bylaws and abide by all its rules and guidelines.

High-risk drivers get fewer options for cheap car insurance in Florida. To help them find the best deals, MoneyGeek answered some of the most commonly asked questions about high-risk auto insurance.

MoneyGeek calculated average rates using full coverage car insurance policies with 100/300/100 liability insurance and comprehensive and collision coverage with a $1,000 deductible. Minimum coverage car insurance policy rates were calculated based on each state’s minimum car insurance requirement.

To calculate rates for high-risk drivers, MoneyGeek averaged the premiums insurance companies charge for three of the most common driving violations: speeding, at-fault accident and DUI.

To determine the best car insurance company for high-risk drivers, MoneyGeek scored companies based on affordability, customer satisfaction and complaints — obtained from J.D. Power surveys and NAIC complaint scores — and financial strength ratings as calculated by AM Best. Affordability received the greatest weighting in our calculations.