Best Car Insurance in Florida for April 2024

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 best auto insurance in Florida will help motorists get the protection they need without breaking the bank.

Best auto insurance in Florida:

• Best overall: State Farm
• Best budget pick: Geico
• Best for typical drivers: State Farm
• Best for customer satisfaction: State Farm
• Best for minimum coverage: Geico
• Best for military veterans: Geico
• Best for teen drivers: Geico
• Best for drivers with one speeding ticket: State Farm

Best car insurance in Florida overall: State Farm

With a score of 833 out of 1,000 possible points, State Farm ranked No. 1 in Florida in J.D. Power's 2023 U.S. Auto Insurance Study. This speaks volumes about the company's level of customer service. With an average rate of $2,470, State Farm's premiums run well below the average statewide rate of $3,766.

Best for customer satisfaction: State Farm

It's not as though 2023 was the first year State Farm scored well in J.D. Power's customer service rankings. With nearly 102 years of experience under its belt, State Farm has built a reputation for taking care of its customers.

Best for minimum coverage: Geico

The average rate statewide for minimum liability coverage comes in at $1,339. Geico blows that rate out of the water with a rate of $623, 53% lower than the state average. But what's just as important is Geico's standing in the J.D. Power 2023 U.S. Auto Insurance Study. With an overall customer rating score of 812 out of 1,000, Geico ranks at No. 4 in the state.

Best for military veterans: Geico

Geico is famous for offering military members a 15% discount off its already low rates, and as long as vets are comfortable doing most of their business online and through the Geico app, an average annual rate of $1,536 just sweetens the pot. What's more, Geico is highly receptive when a policyholder makes a claim.

Best for teen drivers: Geico

Insuring a teen driver puts a pinch on the checking account, no matter how you look at it. Once again, Geico comes out on top, with an average rate of $4,536, 47% below the statewide average. You'll want to cover your teen with the most comprehensive policy possible, and Geico is a good place to start as you shop around.

Best for drivers with one speeding ticket: State Farm

Once a driver has paid a fine and earned points on their driving record, the last thing they want to do is get stuck with a sky-high insurance rate due to a speeding ticket. In Florida, State Farm is the most forgiving for those who've been caught speeding.

How much does car insurance cost in Florida?

The specific cost of your auto insurance will depend on several factors, including your age, driving record, and the type of vehicle you drive. On average, the cost to insure a vehicle in Florida runs $3,766 annually, 20% higher than the average national rate of $3,017.

Average car insurance cost

Here, we break down the average monthly and annual car insurance premiums for a variety of common driver personas in Florida:

Florida auto insurance laws

If a driver is caught driving without insurance in the state of Florida, they may be fined up to $500 for their first offense and up to $1,000 for subsequent offenses. Any subsequent offenses may also result in their driver's license suspension. In addition, if that driver is involved in an accident and does not have insurance, they may be responsible for covering the cost of damages and injuries.

What is the minimum car insurance required in Florida?

All Florida drivers must have at least the following car insurance to drive legally:

• $10,000 for personal injury protection (PIP)
• $10,000 for property damage liability (PDL)

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.

Other things to consider when looking for car insurance in Florida

Florida drivers face unique circumstances that can make finding the right policy a bit more difficult.

The challenge

• Floridians face the third highest auto insurance rates in the U.S. after New York and Nevada, according to Insurify.
• Given severe weather events and rampant insurance fraud, multiple insurers have halted new policies or are leaving the state completely.

The good news

If you have a clean driving record and take the time to shop around, there are still good rates to be found. This is particularly true if you take advantage of every potential discount available to you.

How to find the best auto insurance in Florida

Here are a few tips that can help you land the best coverage at a price you can afford:

• Shop around: No two auto insurance companies are alike, and each company assesses risk slightly differently. For example, one may charge a young male more for coverage than a female, while another may not. Taking the time to shop around can save you hundreds of dollars a year.
• Take advantage of discounts: Often overlooked car insurance discounts can also save you big. Let's say you have a teen driver in your home and are concerned about the average rates assigned to teen drivers. Check into driver's education and good student discounts. If you can't find a comprehensive list of discounts on a company's website, ask an agent to provide one.
• Choose a higher deductible: A deductible is the amount you must pay toward a claim before your insurance company kicks in to pay the remainder. Generally, the higher the deductible you're willing to pay, the lower your premium. One easy trick is to build an emergency fund you can pull from in case of an accident or other claim.