If you're on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience.
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.
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.
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.
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.
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.
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.
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.
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.
Here, we break down the average monthly and annual car insurance premiums for a variety of common driver personas in Florida:
Persona | Average Monthly Premium | Average Annual Premium |
---|---|---|
Overall | $314 | $3,766 |
Drivers With Clean Records | $299 | $3,585 |
Drivers With One Accident | $356 | $4,273 |
Drivers With One Speeding Ticket | $312 | $3,748 |
Drivers With One DUI | $364 | $4,363 |
Teen Drivers | $716 | $8,593 |
Senior Drivers | $225 | $2,699 |
Military Veterans | $244 | $2,924 |
Drivers Seeking Minimum Coverage | $112 | $1,339 |
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.
All Florida drivers must have at least the following car insurance to drive legally:
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.
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.
Florida drivers face unique circumstances that can make finding the right policy a bit more difficult.
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.
Here are a few tips that can help you land the best coverage at a price you can afford:
Florida has no one-size-fits-all "best" car insurance. Instead, the right insurer for you is the one that offers the highest level of coverage at the lowest possible rate, with a high level of customer satisfaction.
Anyone who gets behind the wheel to drive in Florida is legally required to carry auto insurance. The good news is once you've found an insurer you're happy with, it can generally get you insured as soon as it receives payment.
Drivers caught driving without insurance in Florida can be fined up to $500 for their first offense and $1,000 for any following offenses. Subsequent offenses may result in higher fines and suspension of their driver's license.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
The data found on this page is a combination of publicly available quote data obtained directly from the carrier as well as insurance rate data from Quadrant Information Services. These rates were publicly sourced from the top ten (10) to fifteen (15) carrier markets, within each state, based on annual written premium and should be used for comparative purposes only — your own quotes may be different.