Glance at Cheapest Car Insurance in Florida
Finding affordable car insurance in Florida can be challenging, as the state’s average premiums are among the highest in the nation. Due to factors such as high accident rates, frequent hurricanes, and a large number of uninsured drivers, Florida drivers pay an average of $1,135 annually for minimum coverage and $4,171 for full coverage—58% more than the national average of $2,638. However, with the right research and comparison, you can find a policy that suits your needs and budget.
Key Takeaways
- Cheapest company for minimum coverage: Geico
- Cheapest company for full coverage: State Farm
- Cheapest company for drivers with prior incidents: Allstate
- Cheapest company for young drivers: Allstate
Cheapest Car Insurance in Florida for Minimum Coverage
Florida requires drivers to carry a minimum level of insurance to drive legally. Unlike most states, Florida does not mandate bodily injury liability coverage. Instead, drivers must have personal injury protection (PIP) and property damage liability (PDL).
Florida’s Minimum Coverage Requirements
- $10,000 personal injury protection (PIP)
- $10,000 property damage liability (PDL) per accident
While meeting the minimum legal requirements can help save money upfront, experts recommend carrying higher limits for better financial protection. Below are some of the cheapest insurance providers for minimum coverage in Florida:
| Insurance Company | Average Monthly Premium | Average Annual Premium | Savings vs. State Avg. |
|---|---|---|---|
| Geico | $78 | $940 | – $195 |
| State Farm | $83 | $999 | – $136 |
| Allstate | $93 | $1,114 | – $21 |
| Progressive | $130 | $1,566 | + $431 |
Full Coverage on Cheapest Car Insurance in Florida
Full coverage insurance includes liability, PIP, comprehensive, and collision coverage, ensuring protection for your vehicle in case of an accident, theft, or natural disasters. If you lease or finance your vehicle, your lender may require full coverage.
Cheapest Full Coverage Providers in Florida:
| Insurance Company | Average Monthly Premium | Average Annual Premium | Savings vs. State Avg. |
| State Farm | $258 | $3,094 | – $1,077 |
| Allstate | $333 | $3,999 | – $172 |
| Geico | $348 | $4,176 | + $5 |
| Progressive | $460 | $5,525 | + $1,354 |
Cheapest Car Insurance in Florida for Drivers with Prior Incidents
Having a clean driving record will typically result in lower insurance premiums. However, if you have infractions such as speeding tickets, at-fault accidents, or DUIs, your rates will likely be higher.
Cheapest car Insurance in Florida for Drivers with a Ticket:
| Insurance Company | Avg. Annual Min Coverage | Avg. Annual Full Coverage |
| Allstate | $1,114 | $3,999 |
| State Farm | $1,261 | $3,576 |
| Geico | $1,282 | $5,434 |
| Progressive | $2,080 | $7,267 |
Cheapest Insurance for Drivers with an At-Fault Accident:
| Insurance Company | Avg. Annual Min Coverage | Avg. Annual Full Coverage |
| Geico | $1,246 | $5,363 |
| State Farm | $1,520 | $4,122 |
| Allstate | $1,746 | $5,689 |
| Progressive | $2,449 | $8,211 |
Cheapest Car Insurance for High-Risk Drivers
Drivers with multiple infractions, accidents, or a DUI are considered high-risk and may struggle to find affordable coverage. Some insurers specialize in offering policies for high-risk drivers.
| Insurance Company | Avg. Annual Min Coverage | Avg. Annual Full Coverage |
| Allstate | $1,424 | $5,140 |
| Geico | $1,488 | $6,259 |
| Progressive | $1,819 | $6,187 |
Cheapest Car Insurance for Young Drivers
Young drivers typically face higher premiums due to their lack of driving experience and increased likelihood of accidents. However, discounts such as good student discounts and defensive driving courses can help reduce costs.
| Insurance Company | Avg. Annual Min Coverage | Avg. Annual Full Coverage |
| Allstate | $1,845 | $5,942 |
| Geico | $1,970 | $8,129 |
| State Farm | $2,092 | $6,066 |
| Progressive | $2,523 | $8,613 |
Discounts on Cheapest Car Insurance in Florida
Many insurance companies offer discounts to help reduce premiums. Some common discounts include:
- Telematics Programs: Save by using a mobile app or device that tracks safe driving habits.
- Bundling Discount: Combine home and auto insurance for savings.
- Defensive Driving Courses: Some insurers offer discounts for completing certified courses.
- Good Student Discount: Students with a GPA above a certain threshold may qualify.
- Military Discounts: Some companies provide special rates for active-duty and retired military personnel.
Final Thoughts on Cheapest Car Insurance in Florida
Car insurance in Florida is expensive, but shopping around and comparing quotes can help you find affordable coverage. Whether you need minimum coverage, full coverage, or insurance for a high-risk driver, Geico, State Farm, and Allstate offer competitive rates. Additionally, taking advantage of discounts can help further reduce your premium costs.
If you’re looking for the cheapest car insurance in Florida, consider getting quotes from multiple providers and reviewing available discounts to secure the best deal.
Want to know more about other insurances, Read our latest articles.
