Compare Cheap Auto Insurance in Florida

Drivers with clean records in Florida may find the cheapest rates from Travelers, with an average annual premium of $2,436. This is significantly lower than the statewide average of $3,725 and just above the national average. State Farm and Nationwide also offer affordable rates below the state average.

GEICO offers the cheapest rates for minimum coverage in Florida. The average annual premium for minimum coverage in Florida is $667, which is about 47 percent cheaper than the statewide average. Drivers who are looking for state minimum coverage also may find affordable rates from Travelers and State Farm.

GEICO has the best rates for teen drivers in the Sunshine State. Its average premium for teen auto insurance is $6,851, which is well below the statewide average of $10,600. State Farm and Travelers also have below-average rates for teens. Young drivers face the highest premiums due to their lack of experience, so it’s important to look for the cheapest rates and take advantage of any teen discounts.

GEICO also offers the lowest average rate for drivers with a speeding ticket in Florida. At $2,662, it’s 40 percent lower than the state average and slightly cheaper than the national average. State Farm, Travelers, and UAIC also have competitive rates.

State Farm also offers the best rates for drivers with an at-fault accident on their record. The company’s average annual rate for drivers with an at-fault accident is $3,182, which is 37 percent cheaper than the statewide average of $4,472 and on par with the national average. Travelers comes in second, with an average rate of $3,266 per year.

A DUI is a severe offense that can significantly increase insurance premiums. Drivers in Florida with a DUI may find the cheapest rates from Travelers; the company’s average rate of $3,660 per year is about 29 percent lower than the state average. State Farm also offers competitive rates for high-risk drivers in the Sunshine State.

UAIC has the cheapest rates for drivers with low credit in Florida, at $2,994 annually. GEICO and Travelers also offer competitive rates of $4,938 per year and $5,043 per year, respectively.

While Florida Farm Bureau ranked highest for customer satisfaction in J.D. Power’s customer satisfaction study in Florida, its average rates in Florida aren’t available. State Farm did not score as high as Florida Farm Bureau, but it consistently ranked both regional and claims satisfaction studies. Meanwhile, GEICO scored above average in Florida, but received below average rankings for claims satisfaction.

It’s worth getting a quote from multiple companies, especially State Farm and GEICO, which offer some of the lowest average rates across several categories. While Farmers generally offers higher-than-average rates, it may be worth the cost if customer service is important to you.

1. Get multiple quotes. Although drivers in Florida should expect higher car insurance rates than the national average, every company assesses risk differently and will offer you a different rate. Depending on your profile, you may get wildly different quotes, so check with multiple companies to get the best rate.
2. Drive safely. Insurance in Florida is pricey, but the best way to keep your rates low is to practice safe driving habits and keep a clean record. An at-fault accident, for example, can raise your rates by over 25 percent, on average.
3. Ask about discounts. Most drivers can take advantage of discounts on their auto policy, including bundling discounts, safety equipment discounts and multivehicle discounts. If you’re not sure what discounts are available, check with an agent to make sure you’re getting all the discounts you’re eligible for.
4. Sign up for a telematics program. Most major insurers offer telematics programs, which use a plug-in device in your car and/or a mobile app to track your driving habits, such as speed and braking. If you drive safely, you’re rewarded with a discount, which can be upward of 20 percent off your premium. However, some programs can also raise rates for unsafe driving, so make sure to read the fine print before you enroll.

Location is one factor in the cost of car insurance, and major cities generally experience the highest prices. In Florida, Tampa has the highest rates, at $4,088 per year, which is 10 percent higher than the statewide average. Average rates go down significantly in West Palm to $3,015.

Drivers in Florida must carry a minimum amount of car insurance by law, though Florida’s requirements are lower than those of other states. These are the minimum coverage limits:

• Property damage liability: $10,000 per accident
• Personal injury protection (PIP): $10,000 per person

Florida is one of the only states that does not require bodily injury liability coverage; even other no-fault states require it. While you technically may not need it because every driver has PIP, you can find yourself in a bad situation if you cause an accident and the other driver’s injuries are severe enough to allow them to recover damages from you.

Without any bodily injury liability coverage, you would be responsible for those costs out of pocket. That’s why we recommend adding bodily injury liability to your policy, as well as comprehensive and collision coverage, if you can afford it. Additionally, if you leased or financed your car, your lender may require you to carry full coverage and gap insurance in Florida.

We analyze average auto insurance premiums in Florida for full and minimum coverage for good drivers with good credit. We also analyzed premiums for drivers with DUIs, accidents and low credit, as well as households with teenagers. Full coverage averages use the following limits:

• Bodily injury liability: $100,000 per person/$300,000 per accident
• Property damage liability: $100,000 per accident
• Personal injury protection: $10,000 per person
• Uninsured and underinsured motorist bodily injury: $100,000 per person/$300,000 per accident
• Comprehensive and collision: $500 deductible