Who Has The Cheapest Auto Insurance In Florida? | Best Cheap Car Insurance in Florida Complete Guide
If you're driving in Florida, you know that auto insurance can be expensive. Finding affordable car insurance is essential, and researching the best options can help you save significantly. This guide provides a comprehensive look at the most cost-effective car insurance providers in Florida and tips to help you lower your premium.
Key Takeaways
- State Farm offers the cheapest car insurance rates in Florida, with an average monthly rate of $138.
- Florida drivers face premiums nearly 40% higher than the national average, with an increase of almost $160 in 2023.
- Factors contributing to higher rates include extreme weather, severe accidents, and rising repair costs.
Cheapest Car Insurance in Florida: State Farm
State Farm leads as the most affordable car insurance provider in Florida. Here’s a breakdown of the costs:
- Annual Premium: $1,652
- Monthly Premium: $138
- Savings: $901 less than the state average of $2,553 annually.
State Farm also offers competitive rates for various driver categories, including those with speeding tickets, accidents, or DUIs.
2024 J.D. Power Florida Region Customer Satisfaction Index Rating
- Rating: 650/1,000 (Above Average)
Pros
- 59% of State Farm customers are likely to renew after a claim.
- 52% would recommend State Farm to others.
Cons
- Finalizing policies requires a phone call with an agent.
Cheapest Car Insurance Rates for Teen Drivers: Geico
Teen drivers face high insurance rates in Florida. For 17-year-olds:
- Female Drivers: $8,048 annually
- Male Drivers: $9,147 annually
Geico offers the most competitive rates:
- Female Drivers: $3,805 annually
- Male Drivers: $4,078 annually
2024 J.D. Power Florida Region Customer Satisfaction Index Rating: 629/1,000 (Above Average)
Teen Driver Rates Comparison
Cheapest Car Insurance Rates for Young Adults: State Farm
For unmarried young adults aged 25:
- Female Drivers: $2,901 annually
- Male Drivers: $2,924 annually
State Farm offers the lowest rates:
- Female Drivers: $1,786 annually
- Male Drivers: $1,898 annually
2024 J.D. Power Florida Region Customer Satisfaction Index Rating: 650/1,000 (Above Average)
Young Adult Rates Comparison
Cheapest Car Insurance Rates for Adults: Geico
For married 35-year-olds:
- Female Drivers: $2,552 annually
- Male Drivers: $2,454 annually
Geico offers the best rates:
- Female Drivers: $1,820 annually
- Male Drivers: $1,634 annually
2024 J.D. Power Florida Region Customer Satisfaction Index Rating: 629/1,000 (Above Average)
Adult Rates Comparison
Cheapest Car Insurance Rates for Seniors: State Farm
For married seniors aged 60:
- Female Drivers: $2,246 annually
- Male Drivers: $2,243 annually
State Farm offers the lowest rates:
- Female Drivers: $1,487 annually
- Male Drivers: $1,487 annually
2024 J.D. Power Florida Region Customer Satisfaction Index Rating: 650/1,000 (Above Average)
Senior Rates Comparison
Cheapest Car Insurance Rates for Good Drivers: State Farm
For drivers with a clean record:
- State Farm’s Annual Premium: $1,652
- Statewide Average: $2,553
State Farm offers significantly lower rates compared to competitors.
Good Driver Rates Comparison
Cheapest Car Insurance Rates After a Speeding Ticket: State Farm
For drivers with a speeding violation:
- State Farm’s Annual Premium: $1,772
- Statewide Average: $2,942
State Farm remains the most cost-effective option for drivers with speeding tickets.
Speeding Ticket Rates Comparison
Factors Affecting Car Insurance Costs in Florida
Several factors impact car insurance rates:
- Driver Age
- Driving Record
- Coverage Level
- Vehicle Type
Tips to Save on Car Insurance in Florida
- Compare Quotes: Get quotes from multiple insurers to find the best rate.
- Bundle Policies: Combine auto insurance with other types of insurance for discounts.
- Maintain a Clean Record: Avoid violations and accidents.
- Utilize Discounts: Look for discounts for safe driving and low mileage.
Finding affordable car insurance in Florida involves careful comparison and choosing the right insurer. By considering these tips and factors, you can significantly lower your insurance costs.
FAQs
Vehicles with four or more wheels, except school buses and limousines, are required to be insured in Florida to be registered and legally operated. Private passenger vehicles have different insurance requirements than those used as taxis.
When should I get car insurance in Florida?
When you purchase a new vehicle or move to Florida, you should get the proper car insurance to drive in the state. Non-residents who work in the state or have children that attend a public school in Florida have 10 days from starting their job or classes to register their vehicle, which requires having insurance beforehand.
Contact a Florida Highway Safety and Motor Vehicles (FLHSMV) office before buying a new vehicle or moving to ensure you meet the state’s insurance laws.
What happens if my car is not properly insured in Florida?
A number of penalties can result from driving without insurance in Florida. These include:
- Suspending your driver’s license, registration, and/or license plate for a minimum of three years
- Charging a reinstatement fee between $150 and $500
The FLHSMV advises drivers to surrender their license plate prior to canceling their auto insurance policy to avoid these penalties.
Driving without insurance can also lead to an increase in future car insurance premiums
Do I need uninsured motorist coverage in Florida?Agents are required to offer uninsured (or underinsured) motorists coverage in Florida, however, you are not required to carry uninsured (or underinsured) motorist coverage in Florida. If you choose to refuse the coverage, you can do so by signing a waiver. If you decide to purchase this coverage, then you can choose between the following options: stacked or unstacked uninsured motorist (UM) coverage.
The stacked option extends your UM coverage to your operation of a motorcycle or another vehicle insured elsewhere or owned by someone else. The limit of coverage you select is also combined across the total number of vehicles you insure. For example, if you select a UM limit of $100,000 per person and $300,000 per accident and two vehicles are insured on your policy, then your stacked UM coverage would provide a total of $200,000 per person and $600,000 per accident.
In comparison, the unstacked option is limited to the amount of coverage explicitly listed on your policy (in using the same example as above, your UM limits would remain at $100,000 per person and $300,000 per accident for both vehicles). The unstacked option only covers the vehicles insured under your policy, and is typically less expensive.
Reach out to an insurance agent or carrier in Florida to learn more about the stacked and unstacked UM options available to you.
Is liability insurance required in Florida?
Yes, Florida drivers are required to carry liability insurance, including $10,000 of property damage liability coverage when registering a private passenger vehicle. Higher liability limits are available and can be beneficial. Discuss your specific situation with an insurance agent or company representative.
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