Cheapest Low-Income Car Insurance in Florida

Florida presents significant challenges for low-income drivers, ranking 46th nationally with minimum coverage averaging $85 monthly, a full $31 above the $53 national average. GEICO leads the market for adults at $59 and seniors at $54, while Travelers offers the best rate for young drivers at $67 per month. 

State Farm becomes the go-to choice for all violation-related profiles, charging $79 for both speeding tickets and DUIs, then jumping to $87 after an accident. Drivers with bad credit face the steepest costs at $114 monthly through Direct General Insurance, reflecting Florida's notoriously expensive insurance landscape. The state's high baseline costs mean even the cheapest available options run substantially more than what drivers pay in more affordable states.*

*All rates in this table, except for adults, are based on a modified profile of a 40-year-old driver with good credit and a clean record insuring a 2012 Toyota Camry. The age ranges are 22 to 29 for young drivers, 30 to 59 for adults and 60+ for seniors.

GEICO dominates Florida's family insurance market with the lowest rates across all household types: married couples without teens pay $51 monthly, couples with teens pay $109, and single parents with teens face costs of $163 per month. Florida families experience dramatic rate increases when adding teenage drivers, with married couples seeing GEICO premiums more than double from $51 to $109, a $58 monthly jump. 

Single-parent households encounter Florida's steepest costs, paying $54 more per month than married couples with teens through GEICO, and facing potential premiums as high as $370 with Allstate. Nationwide serves as a reliable second choice, charging married couples $62 without teens and $132 with a teen driver, while offering single parents coverage at $264 monthly. The Florida market shows extreme variance, with married couples without teens seeing a $128 difference between GEICO's $51 and State Farm's $179, and single parents facing a $207 spread from GEICO's $163 to Allstate's $370.*

*Rates for couples and single parents with teens apply to a 16-year-old driver. Those for a married couple without children are based on a 40-year-old male with good credit and a clean driving record.

Drivers in Florida must meet these minimum car insurance requirements:

• $10,000 in property damage liability per accident
• $10,000 in personal injury protection (PIP) per person

If you're leasing or financing a vehicle, you must have a split of 100/300/100 liability coverage and comprehensive and collision protection.

In Florida, Travelers offers the most affordable car insurance for low-income drivers with clean records and good credit. State Farm is the top choice for high-risk drivers, especially those with speeding tickets, DUIs or accidents. To get the best deal, compare multiple providers through different channels.

Finding affordable car insurance is hard for low-income drivers. Get answers to common questions on saving money.

Study Overview

MoneyGeek analyzed Florida auto insurance rates using data from the Florida Office of Insurance Regulation and Quadrant Information Services.

Data Acquisition, Depth and Analysis

MoneyGeek analyzed 328,384 quotes from 14 companies across 370 ZIP codes to determine the average cost of car insurance for drivers with low income in Florida.

Sample Driver Profile

We used a sample driver profile with the following attributes to determine average car insurance rates for low-income drivers in Florida:

• 40-year-old male
• 2012 Toyota Camry LE
• Clean driving record
• 12,000 miles driven annually

To determine rates for specific driver profiles, we adjusted factors such as age, family status, driving history and credit standing.

Our study defines seniors as 60 or older, young drivers as 22 to 29 and adults as 30 to 59. Married couples with a child include 40-year-old male and female drivers with a 16-year-old teen. Single parents with children are 40-year-old male or female drivers with a 16-year-old teen.

Coverage Levels and Deductibles

Our data shows rates for minimum coverage, which follows the requirements set by Florida law, and offers affordable options for low-income drivers.