In our analysis, Florida is the second-most expensive state in the nation for car insurance. Why? 26% of the vehicles on the road are estimated to have no insurance. There are a lot of very expensive cars on the road as well. Repairs are costly, and claims are high.
The only way to save on car insurance in Florida is to shop around with at least 2-3 insurance companies and compare your car insurance quotes even if you are happy with your current rates. The car insurance company that offers the best rate to your sibling, friend, or colleague may not offer the same for you so it pays to comparison shop.
Cheapest Car Insurance Companies in Florida
The average Floridian pays a yearly premium of $2,219 ($184.91 a month) for auto insurance. Rates vary widely between geographic locations. Rural Liberty County in the Panhandle is the lowest at an average of $836 a year, while Miami’s $2,198 median is 163% higher!
When you shop for a quote for auto insurance, you will be priced according to several factors, which include: your driving record, your age, your vehicle, your credit history, your marital status and your place of residence.
In our analysis, these are the cheapest average car insurance rates in Florida:
|Insurers||Annual Premium||Monthly Premium|
Cheapest Car Insurance Companies By Age in Florida
The most expensive drivers to insure are inexperienced and under 20. The most economical insurance goes to middle aged and late middle aged people.
USAA offers the lowest average rates in Florida. Geico and State Farm are also competitive. The highest is Allstate.
Here is a comparison of the average annual rate of auto insurance coverage by age in Florida:
|Company||Single 20-year old male||Married 40-year old male||Married 65-year old male|
Special Discount Program for Elderly Drivers in Florida
Some 29% of the drivers in Florida are older than 65. Slower reflexes, diminishing eyesight and lane changing problems cause greater risk of accident. Insurance for aged persons rises after 65 years.
Humanely and intelligently, Florida offers a program of discounted auto insurance for older drivers if they enroll in a refresher course for driver safety.
The DHSMV partners with traffic safety schools, such as Nations Traffic School, with 6-hour long online courses for as low as $14.95. Upon completion, older drivers will get a 10% insurance discount for the next 3 years. Less than 15% of eligible Florida seniors take advantage of this easy cost saver.
Comparing rates from various insurers is of course the first step to obtaining a fair price. The Florida Office of Insurance Regulation offers a free online tool to compare rates.
Cheapest Car Insurance Companies for Family With Young Drivers
Let’s meet a married couple: Hector Gomes and Jacinda Ong, both 50. They live in Orlando with their two children, Matt, 18 and Jenna, 20. Everyone in the family has a clean driving record. The Gomes are interested in comparing rates for insuring two cars, a Toyota Camry and Toyota Corolla. Their chart of the six least expensive insurers in the Orlando area looks like this:
|COMPANY||Minimum Coverage (PIP + PD)||Full Coverage(comprehensive)|
|Florida Farm Bureau||$1,286||$4,573|
These are the five LEAST expensive insurers. The most expensive one, Infinity, charges $12,749 for minimum coverage and $30,847 for full coverage.
So, like most families, Gomes-Ong faces a dauntingly expensive challenge to insure four drivers. Safe driving, comparison-shopping, and limited mileage driving can keep costs down somewhat.
Even so, Floridians saw a 30% increase in auto insurance costs from 2013-2018. Distracted driving, and hurricanes, such as Irma in September 2017, raised claims and damages paid out by insurers pushing prices skyward.
Cheapest car insurance companies for drivers with DUI in Florida
“DUI is an offense under Florida law. The offense is proved by impairment of “normal faculties” or unlawful blood alcohol or breath alcohol level of .08 or above.”
Driving drunk is a serious, life-threatening, and law-breaking offense. If you are caught, you face an auto insurance increase of some 50%, in addition to your legal penalties. You might also be required to buy car insurance policy with an SR-22 filing requirement in Florida.
Expect to pay an average of $2833.59 if you have one DUI.
Here are the six best-priced rates for auto insurance in Florida after one DUI:
|Insurance company||Avg. annual premium after DUI||Avg. monthly premium after DUI|
There are strict and punishing laws against drunk driving. After the first DUI conviction in Florida, offenders will be subject to:
- Fines of $500 to $1,000
- Imprisonment for up to six months
- License revocation for 180 days to one year
- Installation and use of an interlock ignition device for up to six months
- Mandatory 50 hours of community service, or additional $10 fine for each hour of assigned community service
- Vehicle impoundment for 10 days (not concurrent with imprisonment)
For drivers under 21, the blood alcohol level is only 0.02% to be considered DUI. That’s ¼ the level for a person over 21.
Cheapest car insurance companies for Drivers with Bad Credit
|Insurer||Average Annual Premiums||Average Monthly Premiums|
If you have a poor credit score, insurance companies view you as having high risk so they can raise your rates.
Florida allows credit to be used when pricing insurance. Bad credit could cost you as much as 54% more on your car insurance. On the flip side, if you have excellent credit (823 or higher) you might save as much 20% on your rates.
Rundown of Cities in Florida for Cheaper Car Insurance:
Where you live in Florida is an important determinant of cost. Here we examine the cheaper insurance alternatives in various cities averaged for three categories of drivers:
Residents in the state capital of Florida enjoy car insurance with a below average cost. $994 is the going rate here, but you can get it for as low as $428 a year with insurers Florida Farm Bureau, Auto-Owners Insurance and State Farm providing deals 50% below the city average and 61% below the state average.
At a gigantic 840 square miles, Jacksonville is the largest Florida city in land area, with a population of 837,000.
The military employs over 30,000 active-duty personnel and nearly 20,000 civilians in the Jacksonville area. And the median age in Northeast Florida is 36 years old, younger than all major cities in Florida.
These lucky, vigorous inhabitants also enjoy a lower-than average auto insurance rate of $1,230 per year. But if you research you’ll find insurers such as Florida Farm Bureau, GEICO and State Farm averaging $618 a year. Military personnel can utilize USAA for a similar low rate. Retired seniors can get $490 a year policies.
With tourist destinations Walt Disney World, Universal Orlando Resort and SeaWorld Orlando, this city of 239,000 residents hosts many visitors and, not unexpectedly, is hit with higher-than-average auto insurance costs.
At an average rate of $1,417 a year, Orlando is 29% more expensive than the rest of Florida. Farm Bureau Insurance, GEICO and Travelers had the best deals at an average rate of $661, a savings of 53% percent. Military people can shop at USAA for the best priced auto insurance.
Tampa/St. Petersburg, FL
On the Gulf of Mexico, midway along Florida’s West Coast, Tampa is the third largest city in the state. (390,000 pop.) A major business center, and the home of Busch Gardens Tampa Bay, Tampa boasts bike paths, parks, hiking trails, beaches, fishing, boating, and sports activities everywhere.
Higher than normal auto insurance rates, averaging $1,841 a year, can be beat by getting quotes from Florida Farm Bureau, Travelers and GEICO who all have a mean annual premium of $807, some 56% cheaper than average here.
Dade County (Miami)
The cultural, financial and economic center of South Florida is also the most expensive place to insure a car, averaging close to $2,200 a year on average.
For about half that premium, these three insurers offer deals to Miami area drivers: Florida Farm Bureau, GEICO and Travelers at $1,083 average, a savings of 51%.
Broward County (Ft. Lauderdale, Hollywood)
Ft. Lauderdale and its 23-mile-long beach are justly fabled. But it’s also a costly place to insure a car, $1,748 a year, or 59% more than the average in Florida.
Florida Farm Bureau, GEICO or Travelers offer much cheaper alternatives for about $868 a year, a discount of about 50%.
Florida – The SunShine State
Over 21 million people call the sunny southern state of Florida home, the third most populous after California (39.5M) and Texas (28.7M). Its fast growth is spurred by retirees and people who are conserving their money.
Florida has no state income tax. No taxes are taken from Social Security retirement benefits, pension income, IRA’s, 401Ks, estates and inheritances. Retirees have long flocked here and there are over 3.3 million people over the age of 65, including many who still drive well into their 80s.
A large population of transients, tourists and pleasure seekers pour in here, and the coasts are full of hotels, motels, and RV parks. The weather is always humid, warm or hot, and increasingly severe as global warming punishes the low lying state with floods, hurricanes and pounding tropical storms.
Over 15 million Floridians are licensed drivers. A “no-fault” state, Florida requires a minimum level of insurance for all vehicles on the road. This article will explain how to get the best value for your money in the Sunshine State.
There are many elderly drivers compared to other states: 4.7 million (29%). And there are lots of teens and younger people entering the state for holiday fun. Drinking and driving and texting all cause accidents.
One thing in favor of economical driving is that Florida law allows very low mandatory coverage for car insurance. (see below) You can drive with it, but be aware: you are under very minimal coverage in case of accident.
Florida Highway Safety and Motor Vehicles (FHSMV) Requirements
FHSMV requires a $10,000 minimum coverage for personal injury (PIP) and a $10,000 minimum coverage for property damage.
- $10,000 for injury/death to one person
- $20,000 for injury/death to more than one person
- $10,000 for damage to property
Insurers abbreviate this as 10/20/10. You will often see coverage with various amounts such as 20/40/10 or 30/60/15.
The higher the number in each category, the more expensive a policy is.
“No Fault” Car Insurance was established to lower lawsuits and lighten the burden on court systems. In an accident, no-fault car insurance pays benefits to both parties, no matter who caused the crash.
In Florida, unless you have a previous DUI, you are not required to carry liability insurance.
Because Florida requirements for insurance are so low, many drivers are covered insufficiently in the event of a severe accident. Voluntarily, a Florida driver may purchase additional insurance to cover bodily injury or an accident with an uninsured driver.
If you are in a severe, non-fatal crash, requiring many months of medical treatment, $10,000 would not be adequate coverage. Therefore, many experts advise buying a policy that provides Bodily Injury Liability (BI) as well as Uninsured Motorist (UM) to properly insure oneself even though BI and UM are optional. The risks you take today could cost you tomorrow.
- Florida has the second highest cost of auto insurance in the nation, due to its high percentage of uninsured drivers.
- It is a “no-fault” state that requires a minimum level of insurance of $10,000 for Personal Injury and $10,000 for Property Damage Liability. You can get a lower cost insurance with these numbers that may not cover you if you’re badly injured in an accident.
- Floridians should consider adding both a Bodily Injury (BI) and Uninsured Motorist (UM) coverage to insurance because ¼ of all drivers have no coverage!
- Bundling a home and an auto insurance policy is not very helpful because Florida has the highest home insurance rates in the country and adding auto won’t reduce premiums too much.
- Elderly Floridians, who are almost 1/3 of the driving population, should consider taking a very cheap online “Mature Defensive Driver” refresher program, (6-hours long and $14.99) to get 10% yearly discounts for at least three years. You can save a few hundred dollars over time.
- Bad credit scores raise your insurance rates by as much as 54%. Good credit can bring you discounts. Mind your credit in Florida!
- Compare rates by using the free research tool at the Florida Office of Insurance Regulation.
- The top five rated auto insurers in Florida, though not necessarily the cheapest are: AAA, Southern-Owners Insurance, Amica, Florida Farm Bureau, Safeco.
- If you live in Miami consider if you really even need a car or if you might get around on foot, by bus, or bike. Auto insurance averages $2200 a year or $183.33 a month. It might even pay to ride Uber instead.