Florida is the second-most expensive state for car insurance, behind only New York. The average good driver in the Sunshine State spends $4,326 a year, or roughly $361 a month for full coverage. That’s more than double the national average cost of car insurance, which is $2,150 annually.
High-risk drivers have it even worse when buying car insurance in Florida. On average, they can expect to pay 35% more for the same level of coverage, or $6,135 a year.
Cheapest car insurance companies in Florida of 2024
Cheapest car insurance company in Florida of 2024: Geico
For the average good driver, Geico is the cheapest car insurance company in Florida — and the only one to offer rates below $3,000. The typical driver can expect to pay $2,771 a year, or about $231 a month, for full coverage.
Across the country, Geico is one of the best cheap car insurance companies for drivers, and it’s also one of the best auto insurance companies overall. We like it for its low rates, especially for seniors drivers, and coverage features, like its usage-based insurance program (Drive Easy).
Geico isn’t your only option for cheap car insurance in Florida, though. Mercury earns 4.5 stars for affordability rates, while Travelers scores 4 stars out of 5. On average, good drivers might pay $3,488 a year for full coverage with Mercury and $3,615 a year with Travelers.
State Farm is the only other insurer to offer an average good-driver rate below $4,000 in our analysis. Bristol West (a subsidiary of Farmers) isn’t much more expensive — good drivers will pay an average of $4,072 a year.
Florida car insurance costs
The average cost of car insurance in Florida is $4,326 for a good driver shopping for full coverage. If you live in Florida, that’s roughly $361 from your monthly budget — and double the national average cost of car insurance.
If you only want to purchase the minimum amount of car insurance required in Florida, you can expect to pay around $1,286 a year.
High-risk drivers in Florida can expect significantly higher rates. On average, they’ll spend $6,135 a year on full coverage. A poor driving record (at-fault accidents, speeding tickets and DUIs) can significantly impact how much you’ll pay for car insurance costs in Florida, but an even bigger factor is your credit score. Drivers with a poor credit history pay an average of $6,556 a year.
Other factors can impact your auto insurance premiums including where in the state you live, (down to the ZIP code), your age, gender and vehicle. Your policy limits and selected deductible will also have a sizable impact on your final costs.
Why is car insurance so expensive in Florida?
Florida has a relatively average cost of living, so why are its average annual auto insurance premiums so high? The Insurance Research Council recently released a study identifying key factors that contribute to Florida’s steep insurance rates. These factors include:
- Uninsured motorists: Florida is home to one of the highest uninsured motorist populations in the nation. This drives up costs for drivers who do carry insurance.
- Injury claims and severity. When compared to the national average, Floridians are 40% more likely to file injury claims after an accident. The severity of the injuries also results in higher payouts when compared to the other states.
- Post-accident litigation. Floridians are more likely to hire attorneys after an accident, which often leads to higher claim payouts.
- Higher repair costs. Repair costs drive property claim payouts, and though Florida residents enjoyed relatively low repairs costs in the past, that trend is changing and residents, and therefore insurers, are paying more after a collision or other incident that requires vehicle repairs.
- Number of accidents. Florida’s property damage liability claims per 100 insured vehicles exceed the national average by 10%. That means Florida drivers experience accidents more frequently than elsewhere in the country.
Average cost of car insurance in Florida by driver profile
| DRIVER PROFILE | ANNUAL | MONTHLY | LEARN MORE |
|---|---|---|---|
| Adding a 16-year-old to a parent policy | $3,548 | $296 | Compare QuotesCompare quotes offered by participating partners |
| Senior driver | $4,064 | $339 | Compare QuotesCompare quotes offered by participating partners |
| Good driver | $4,326 | $361 | Compare QuotesCompare quotes offered by participating partners |
| After a speeding ticket | $5,395 | $450 | Compare QuotesCompare quotes offered by participating partners |
| After a DUI | $5,768 | $481 | Compare QuotesCompare quotes offered by participating partners |
| After a gap in coverage | $6,019 | $502 | Compare QuotesCompare quotes offered by participating partners |
| After an accident with property damage | $6,101 | $508 | Compare QuotesCompare quotes offered by participating partners |
| After an accident with injury | $6,114 | $510 | Compare QuotesCompare quotes offered by participating partners |
| High-risk driver | $6,257 | $521 | Compare QuotesCompare quotes offered by participating partners |
Average car insurance rates in Florida by company
The average cost of car insurance for a good driver in Florida is $4,326 a year, or about $361 per month. Here is the average cost of car insurance in Florida by company.
| COMPANY | ANNUAL | MONTHLY | LEARN MORE |
|---|---|---|---|
| Geico | $2,771 | $231 | Compare QuotesCompare quotes offered by participating partners |
| Mercury | $3,488 | $291 | Compare QuotesCompare quotes offered by participating partners |
| Travelers | $3,615 | $301 | Compare QuotesCompare quotes offered by participating partners |
| State Farm | $3,902 | $325 | Compare QuotesCompare quotes offered by participating partners |
| Bristol West | $4,072 | $339 | Compare QuotesCompare quotes offered by participating partners |
| United Automobile Insurance Co. | $4,504 | $375 | Compare QuotesCompare quotes offered by participating partners |
| Progressive | $4,670 | $389 | Compare QuotesCompare quotes offered by participating partners |
| Allstate | $4,838 | $403 | Compare QuotesCompare quotes offered by participating partners |
| Direct General | $5,564 | $464 | Compare QuotesCompare quotes offered by participating partners |
| AIG | $5,841 | $487 | Compare QuotesCompare quotes offered by participating partners |
Cheapest car insurance in Florida by driver profile
- After a speeding ticket.
- After an accident.
- After a DUI.
- Poor credit.
- After a gap in coverage.
- Teen driver.
- Senior driver.
- High-risk driver.
Cheapest car insurance in Florida after a speeding ticket
Drivers who have a speeding ticket can expect to pay an average of $5,395 for full coverage auto insurance in Florida. Getting a quote from Geico is a smart move — the typical driver may see an average rate as low as $3,627.
Mercury and State Farm are also lower-cost insurers for drivers with speeding tickets, though drivers will pay about $70 more a month on average.
Cheapest Florida car insurance after a speeding ticket
| COMPANY | AVERAGE ANNUAL RATE | AVERAGE MONTHLY RATE | LEARN MORE |
|---|---|---|---|
| Geico | $3,627 | $302 | Compare QuotesCompare quotes offered by participating partners |
| Mercury | $4,472 | $373 | Compare QuotesCompare quotes offered by participating partners |
| State Farm | $4,541 | $378 | Compare QuotesCompare quotes offered by participating partners |
Cheapest car insurance after an accident in Florida
On average, Geico offers the cheapest full coverage auto insurance for drivers with an at-fault accident, whether it caused injury or property damage. The typical driver can expect to pay $3,551 a year for coverage with Geico.
It’s quite a jump to the next most affordable option: Travelers. For both types of at-fault accidents, drivers will typically spend more than $5,000 for coverage through Travelers — it’s a little more affordable for drivers who cause property damage rather than bodily injury.
State Farm is also worth considering for drivers who’ve caused accidents. Our analysis found that full coverage runs about $5,297 a year, roughly $800 less than the Florida average.
Cheapest Florida car insurance after an accident with injuries
| COMPANY | AVERAGE ANNUAL RATE | AVERAGE MONTHLY RATE | LEARN MORE |
|---|---|---|---|
| Geico | $3,551 | $296 | Compare QuotesCompare quotes offered by participating partners |
| Travelers | $5,168 | $431 | Compare QuotesCompare quotes offered by participating partners |
| State Farm | $5,297 | $441 | Compare QuotesCompare quotes offered by participating partners |
Cheapest Florida car insurance after an accident with property damage
| COMPANY | AVERAGE ANNUAL RATE | AVERAGE MONTHLY RATE | LEARN MORE |
|---|---|---|---|
| Geico | $3,551 | $296 | Compare QuotesCompare quotes offered by participating partners |
| Travelers | $5,042 | $420 | Compare QuotesCompare quotes offered by participating partners |
| State Farm | $5,297 | $441 | Compare QuotesCompare quotes offered by participating partners |
Cheapest car insurance after a DUI in Florida
Finding cheap car insurance after a DUI can be tricky, especially in Florida where the average cost for full coverage is $5,768 a year.
Geico tends to be the most affordable for the average driver ($4,150 a year in our analysis), but Bristol West and Mercury are also typically affordable for Floridians with DUIs.
Cheapest car insurance in Florida after a DUI
| COMPANY | AVERAGE ANNUAL RATE | AVERAGE MONTHLY RATE | LEARN MORE |
|---|---|---|---|
| Geico | $4,150 | $346 | Compare QuotesCompare quotes offered by participating partners |
| Bristol West | $4,312 | $359 | Compare QuotesCompare quotes offered by participating partners |
| Mercury | $5,178 | $432 | Compare QuotesCompare quotes offered by participating partners |
Cheapest car insurance with poor credit in Florida
Drivers with poor credit will struggle to find cheap car insurance rates in Florida. On average, drivers with bad credit pay about $6,556 a year for coverage. United Automobile Insurance Co. can help lighten the financial burden with average rates around $4,504 a year, or $375 a month.
Geico and Bristol West may also offer lower-than-average rates for drivers working to repair their credit.
Cheapest Florida car insurance with poor credit
| COMPANY | AVERAGE ANNUAL RATE | AVERAGE MONTHLY RATE | LEARN MORE |
|---|---|---|---|
| United Automobile Insurance Co. | $4,504 | $375 | Compare QuotesCompare quotes offered by participating partners |
| Geico | $4,817 | $401 | Compare QuotesCompare quotes offered by participating partners |
| Bristol West | $5,160 | $430 | Compare QuotesCompare quotes offered by participating partners |
Cheapest car insurance after a gap in coverage Florida
Drivers who let their auto insurance coverage lapse in Florida can typically expect to pay an average of 40% more when they enroll in a new policy. Geico is the most forgiving, with average premiums that match its rates for good drivers.
Otherwise, United Automobile Insurance Co. and State Farm are the next-best options, though significantly more expensive. Drivers might pay $4,876 or $5,210 a year, respectively, after a coverage gap. Still, their rates are lower than the state average of $6,019 a year.
Cheapest car insurance in Florida after a gap in coverage
| COMPANY | AVERAGE ANNUAL RATE | AVERAGE MONTHLY RATE | LEARN MORE |
|---|---|---|---|
| Geico | $2,771 | $231 | Compare QuotesCompare quotes offered by participating partners |
| United Automobile Insurance Co. | $4,876 | $406 | Compare QuotesCompare quotes offered by participating partners |
| State Farm | $5,210 | $434 | Compare QuotesCompare quotes offered by participating partners |
Cheapest car insurance for adding teen driver in Florida
Teens often pay the highest rates for car insurance, but adding them to a parent’s policy — instead of letting them purchase their own — often lightens the burden. If you have a 16-year-old driver in the house, adding them to your policy typically increases your annual premium by an average of $3,548 a year.
Geico, State Farm or Progressive are great options to cover your new driver.
Cheapest Florida car insurance for adding a 16-year-old driver
| COMPANY | AVERAGE ANNUAL RATE | AVERAGE MONTHLY RATE | LEARN MORE |
|---|---|---|---|
| Geico | $2,601 | $217 | Compare QuotesCompare quotes offered by participating partners |
| State Farm | $2,745 | $229 | Compare QuotesCompare quotes offered by participating partners |
| Progressive | $2,811 | $234 | Compare QuotesCompare quotes offered by participating partners |
Cheapest car insurance for seniors in Florida
Seniors often pay more for coverage, but Florida seniors under 80 enjoy lower average rates than good drivers. That may be thanks to Florida’s Mature Driver Discount, which rewards older drivers with a car insurance discount when they complete an approved defensive driving course.
Geico offers the lowest average annual rates for senior drivers by a long shot, though seniors may also want to consider Mercury and State Farm. Of the three, both Geico and State Farm make our rating of the best car insurance for seniors.
| COMPANY | AVERAGE ANNUAL RATE | AVERAGE MONTHLY RATE | LEARN MORE |
|---|---|---|---|
| Geico | $1,985 | $165 | Compare QuotesCompare quotes offered by participating partners |
| Mercury | $3,010 | $251 | Compare QuotesCompare quotes offered by participating partners |
| State Farm | $3,336 | $278 | Compare QuotesCompare quotes offered by participating partners |
Cheapest car insurance for high-risk drivers in Florida
Florida car insurance companies may consider you high-risk if you’ve caused accidents, racked up speeding tickets or were charged with a DUI. Drivers with poor credit also get the high-risk label, and insurance providers can even use your age to determine your risk level.
If insurers see you as a high-risk driver, consider Geico, Bristol West and Mercury. All three are competitively priced compared to the Florida average.
| COMPANY | AVERAGE ANNUAL RATE | AVERAGE MONTHLY RATE | LEARN MORE |
|---|---|---|---|
| Geico | $4,018 | $335 | Compare QuotesCompare quotes offered by participating partners |
| Bristol West | $5,138 | $428 | Compare QuotesCompare quotes offered by participating partners |
| Mercury | $5,749 | $479 | Compare QuotesCompare quotes offered by participating partners |
Car insurance requirements in Florida
Florida employs a no-fault system for car insurance, meaning drivers involved in an accident make claims on their own policies first, regardless of who is at fault.
So how much car insurance do you need if you own a car in Florida? At a minimum, Floridians must carry:
- $10,000 minimum personal injury protection (PIP).
- $10,000 minimum property damage liability (PDL).
PIP in Florida
Personal injury protection (PIP) can cover injuries to you and your passengers, no matter who is at fault for an accident.
In Florida, basic PIP can have varying deductibles ($0 to $1,000) and the coverage pays for:
- 80% of all medical expenses up to $10,000 for covered injuries.
- 60% of lost wages if you can’t work following an accident.
- $5,000 in death benefits.
You may be able to upgrade to extended PIP. It’ll still max out at $10,000 in benefits, but you’ll get 100% of medical costs covered and 80% of lost wages. There’s also an option for 100% in medical costs but no lost wages.
Some insurers may offer additional PIP benefits that raise the coverage limits.
Property damage liability in Florida
Florida state law also requires drivers to carry $10,000 in property damage liability insurance. This only pays for damage to other people’s property, like their vehicle, if you’re at fault in an accident. Even though Florida is a no-fault state, if you cause an accident you could still be sued for damages.
How to find cheap car insurance in Florida
Florida has the second-highest car insurance rates in the country, but that doesn’t mean you have to resign yourself to a tight monthly budget. Here are a few tips for lowering your auto insurance costs.
Switch to a different provider
Shopping around for a cheaper option at each policy renewal — or at least every couple of years — could get you a lower rate. Start with our list of the cheapest car insurance companies in Florida, but you can broaden your search by working with an independent insurance agent or using an online insurance marketplace to compare car insurance quotes.
Just make sure your policy comparisons are apples to apples. That means comparing policies with the same deductibles and coverage limits to see which one is the cheapest.
And keep in mind, if you switch providers, you may lose out on any loyalty discounts, bundle discounts or vanishing deductibles you’ve been taking advantage of.
Ask about discounts
Speaking of discounts, car insurance companies offer a wide range. Check your current policy statement to see which discounts you’re getting, and ask your agent if more are available.
Insurance providers often offer car insurance discounts for:
- Bundling home and auto policies, or a multi-policy discount.
- Adding an additional vehicle to the policy, or a multi-vehicle discount.
- Completing a defensive driving course.
- Being a good student.
- Going multiple policy periods without any claims (sometimes called a good driver discount).
- Paying for your policy in full instead of every month.
Adjust your coverage
Another way to drop your monthly car insurance costs is to adjust your coverage. You can do this in a few different ways.
- Increase your deductibles: Drivers who only carry the state minimum insurance in Florida have to set a deductible for their PIP. The higher deductible you choose, the more you’ll have to pay out of pocket before medical coverage kicks in — but you’ll enjoy lower monthly premiums for your insurance. Similarly, drivers who get full coverage can lower their rates by opting for higher deductibles on their collision and comprehensive coverage.
- Lower your limits: On the flip side, Floridians can also reduce their monthly insurance costs by lowering their limits. Your coverage limits represent the max payout from insurance in a covered incident. Bear in mind that reducing your limits too low could mean you’d be on the hook for tens of thousands of dollars in a particularly expensive collision if damages exceed policy limits. In general, it’s a safer bet to raise your deductible before lowering your coverage limits.
- Drop optional coverages: Review your policy to make sure you are not paying for coverages you don’t need or can manage without in exchange for savings. This may be the case with policy enhancements, like roadside assistance or mechanical breakdown insurance. The same may be true of comprehensive and collision insurance if you drive an older vehicle that’s not worth the annual premium.
Practice safe driving
Car insurance companies typically reward safe driving in a number of ways, including discounts for going claims free for a specific period of time.
Usage-based car insurance is another option, especially if you consistently follow the rules of the road. Usage-based policies allow the insurer to track your driving, often through a smartphone app. If you practice good driving habits, you could see a rate reduction. But be warned: Unsafe driving may actually have the opposite effect, depending on your insurer and the program.
You may also be able to reduce your rates by enrolling in an approved driving course. That’s the case for drivers over age 55 who complete a defensive drivers course, as a discount is mandated by the state. However, some insurers offer discounts to drivers in other age groups if they complete a driving safety or training course.
