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The Best Cheap Florida Car Insurance for 2022

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Drivers in Florida look for auto insurance to comply with the law and protect their assets. The best car insurance in Florida provides comprehensive coverage at an affordable price. This guide to the cheapest auto insurance in Florida will help motorists get the protection they need without breaking the bank.

  • Cheapest for typical drivers: Geico
  • Cheapest for young drivers: State Farm
  • Cheapest for drivers with a prior accident: State Farm
  • Cheapest for drivers with one speeding ticket: State Farm
  • Cheapest for minimum coverage: Geico

Cheapest for typical drivers

Typical drivers can often find low cost car insurance from several Florida auto insurance companies. However, they'll have to have excellent credit to score the best rates. The average premium for a 35-year-old driver with no accident history is $1,683 from Geico.

Geico

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Best for Florida Drivers with a clean driving recordGeico
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Motorists with a similar driving profile can also find affordable Florida auto insurance from:

  • State Farm, which offers average premiums of $1,829
  • Security National, which charges an average annual premium of $2,412

Cheapest for young drivers

The cheapest car insurance in Florida for young drivers is provided by State Farm. State Farm charges an average annual premium of $4,378 for young drivers. This is based on a comparison of premium costs for Florida auto insurance for an 18-year-old new driver.

State Farm

Logo for State Farm
Best for Young Drivers in FloridaState Farm
Rating image, 5.00 out of 5 stars.
5.00 stars
Info Icon Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
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Other Florida auto insurance companies offering low-cost policies for young motorists include:

  • Geico, which charges average annual premiums of $4,856
  • Progressive, which charges an average annual premium of $6,361

Young drivers are considered high-risk to insure, so premiums are higher as a result.

Cheapest for drivers with a prior accident

The cheapest car insurance in Florida for drivers with an accident record comes from State Farm. State Farm charges average annual premiums of $2,180 for drivers who have had a recent collision.

Drivers with an accident history who are looking for the best car insurance in Florida may also find affordable policies from:

  • Geico, which charges an average annual premium of $2,557
  • Standard Fire Insurance, which has an average annual premium charge of $3,385

Prior accidents also increase insurer risk. Drivers should be aware that insurance premiums go up after an accident.

Cheapest for drivers with a prior speeding ticket

The cheapest car insurance in Florida for drivers with a speeding ticket is provided by State Farm. The average annual premium from State Farm for a driver with one speeding ticket is $2,004.

Other Florida auto insurance providers that offer policies at a reasonable price include:

  • Security National, with average annual premiums of $2,984
  • Mercury, which has an average annual premium of $3,163

Like accidents and inexperience, a prior speeding ticket causes premium prices to rise.

Cheapest for drivers looking for minimum coverage

The cheapest car insurance in Florida for a driver who purchases only minimum coverage comes from Geico, with an average annual rate of $661.

Other options for affordable Florida insurance for drivers looking for minimum coverage include:

  • State Farm, which offers a premium of $937 for minimum coverage
  • Mercury, which charges an average annual premium of $1,058

Purchasing minimum coverage can leave drivers largely unprotected from losses. Many motorists would prefer to purchase additional Florida auto insurance to protect their assets. For example, drivers may wish to buy collision coverage. This pays for damage to their vehicles if a crash occurs. They may also wish to buy comprehensive coverage. This provides other protections, such as for losses from motor vehicle theft.

Average car insurance cost in Florida compared to the national average

The average car insurance cost in Florida is $4,055. This is above the overall national average premium cost of $2,875.

The best car insurance companies in Florida may provide prices below these averages. Drivers looking for the lowest-cost policy should shop around among several providers to find cheap car insurance in Florida.

AVERAGE RATE CATEGORY FLORIDA NATIONAL AVERAGE
Overall $4,055 $2,875
Young drivers $9,951 $6,087
1 accident on driving record $4,522 $3,226
1 speeding ticket on driving record $3,960 $2,840
Data source: Quadrant data.

Florida auto insurance laws

Florida car insurance laws mandate that all drivers provide proof of Florida auto insurance before a vehicle with four wheels can be registered. Insurance must remain in effect even if a vehicle is not being driven or is inoperable. Policies must be issued by insurance companies licensed in the state.

Drivers who do not comply with Florida's minimum liability coverage requirements could have their license suspended for up to three years.

Florida minimum coverage requirements

The state of Florida requires drivers to purchase two types of Florida auto insurance. Unlike many states, Florida minimum car insurance laws do not require that drivers buy bodily injury liability insurance.

Personal injury protection coverage

Drivers must have a minimum of $10,000 in personal injury protection (PIP) coverage. PIP pays for medical bills and lost wages for the policyholder after a collision. It pays for 80% of necessary and reasonable medical expenses. It covers these costs no matter who was at fault for causing the accident.

Property damage liability

Florida also requires drivers to have a minimum of $10,000 in property damage liability coverage. This pays for property damage the policyholder causes if they are at fault for an accident. Drivers can shop for cheap liability car insurance Florida to find the best prices on this coverage.

How to get cheap auto insurance in Florida

How much is car insurance in Florida? Drivers can find cheap auto insurance Florida by comparing quotes. Getting at least three to four car insurance quotes from different insurers can help drivers get the best car insurance in Florida at the most reasonable price.

In addition to getting car insurance quotes Florida, drivers can also take other steps to get cheap Florida auto insurance coverage. This could include bundling policies to earn a discount. Some insurers also offer car insurance discounts for employment relationships or group memberships. Drivers should ask about options for affordable car insurance Florida to claim all their savings.

Other things to consider when looking for car insurance in Florida

Florida law permits drivers to self-insure. They must provide a notarized copy of a financial statement showing an unencumbered net worth of at least $40,000. There are other requirements motorists must meet to self-insure. But for many drivers, buying Florida auto insurance is both cheaper and easier than self-insuring.

Ask the experts

Deanne Butchey, Ph.D.

Deanne Butchey, Ph.D.

Teaching Professor in the Department of Finance at Florida International University

What additional coverage do you recommend specifically for Florida drivers?

I suggest Florida drivers purchase Uninsured Motorist (UM) coverage. This insures you if you are injured by a driver that is uninsured or underinsured (which means they have coverage but not enough to cover your damages and injuries). There are many drivers in South Florida that don’t have insurance or only have the minimum coverage required by law.

For Florida drivers that don’t have a clean driving record, what can they do to improve their insurance rate?

Florida drivers who do not have a clean driving record may be classified by insurance companies as too risky to cover at their standard rates, which may result in them only being able to access non-standard auto insurance policies. Companies typically sort policyholders into three risk tiers: preferred, standard, and non-standard. For equivalent coverage, preferred customers pay the least for their insurance premiums, while those in the non-standard tier pay the highest rates.

Drivers who don’t have a clean driving record should make sure they attempt to improve their record by enrolling in traffic school driving classes to remove points and possibly expunge their record, or by contesting tickets. Companies also look at credit so if these drivers have good credit scores it may help mitigate the poor record and possibly reduce the rate. Another option is to apply for low mileage discounts, increase deductibles or lower some coverages, especially in an older car. These drivers may also seek insurance through professional, business, and alumni groups, some of which may offer policies that are more forgiving.

Why do you think drivers in Florida pay 51.1% higher than the national average?

There are many reasons why rates in Florida are so high:

  • There is a higher incidence of fraud in Florida, especially personal injury protection (PIP). The no-fault laws add to the cost of medical coverage. Since one is covered regardless of whether one is at fault, PIP is abused.
  • Florida has a higher population of people (including visitors), especially in more concentrated areas like South and Central Florida.
  • There are more uninsured and underinsured drivers there.
  • There are more instances of theft and vandalism, especially in high trafficked neighborhoods. In fact, there is research which shows that insurance companies use zip codes and census data in determining policy rates.
  • Florida drivers are more prone to weather-related damages, including hurricanes, flooding, hail, and landslides.

FAQs

  • The average car insurance cost in Florida is $4,055. How much auto insurance is per month depends on factors such as:

    • Your driving record
    • Your credit score
    • The type of vehicle you drive
    • Where in the state you live
    • The amount of your deductible
    • The level of coverage you desire
    • The discounts you qualify for
  • Depending on your situation, State Farm and Geico are among the cheapest auto insurance providers in the state.

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