Best Auto Insurance Companies In Florida: Top Picks

Florida drivers pay some of the highest auto insurance rates in the country. The average cost of car insurance in Florida is $3,795 per year for a full-coverage policy. The best car insurance companies in Florida are Geico, State Farm, Progressive, and Allstate.

The Cheapest Car Insurance Companies in Florida

Florida drivers pay some of the highest auto insurance rates in the country, at nearly 86.1% more than the national average for full coverage. However, there are still ways to find affordable rates from reputable companies. Here are some of the cheapest car insurance companies in Florida:

Geico

Geico is one of the cheapest car insurance companies in Florida, offering rates that are 60% cheaper than the state average. Their average annual rates for minimum coverage are $650, while full coverage costs around $2,087. Geico also has a robust website and mobile app, and offers a long list of potential discounts.

State Farm

State Farm is another affordable option for Floridians, with average annual rates of $1,652 for full coverage. They also have the lowest rates for drivers with a DUI, a speeding ticket, or an accident on their record. State Farm has a highly-rated mobile app and website, and offers generous rental car and travel expense coverage.

Travelers

Travelers is one of the largest insurance providers in the nation, offering a broad range of coverage options and discounts. Their average annual rates for minimum coverage are $962, while full coverage costs around $2,400.

Farmers

Farmers Insurance is another cheap option for car insurance in Florida, although specific rate information was not available.

Nationwide

Nationwide is the fifth cheapest car insurance company in Florida, although specific rate information was not available.

In addition to these larger companies, there are also smaller, regional insurers that may be able to offer more affordable rates. It's always a good idea to compare quotes from multiple providers to find the best deal.

The Best Car Insurance Companies in Florida for Young Drivers

Young drivers in Florida can expect to pay significantly more for car insurance than older drivers, with rates peaking for 16-year-olds and decreasing as drivers get older.

According to MarketWatch, Geico offers the cheapest car insurance rates for many Floridians, with average rates starting as low as $49 per month for minimum-coverage plans and $158 for full coverage. For young drivers in particular, Geico tends to be the cheapest insurer, with an average rate of $1,507 per year for minimum coverage, which is 63% cheaper than the Florida average.

NerdWallet also found that Geico has the cheapest full-coverage plan for 35-year-old drivers in Florida, at an average rate of $137 per month.

US News found that State Farm has the cheapest car insurance rates in Florida, with an average annual rate of $138 per month. State Farm also has the lowest sample rates in several driver categories, including drivers with a speeding ticket, a single accident on their record, and a DUI.

State Farm also offers a Steer Clear program for young drivers, which may help offset the higher premiums younger drivers tend to pay and could help instill safe driving habits.

The Best Car Insurance Companies in Florida for Adults

Florida drivers pay some of the highest auto insurance rates in the country, with full-coverage car insurance costing an average of $3,451 per year. Minimum-coverage policies are also expensive, with an average annual cost of $1,055.

Geico is known for its affordable rates and multiple discounts. They offer all the standard coverage options, including property damage liability insurance, bodily injury liability insurance, collision insurance, and comprehensive insurance. Geico also has a vast product range, including home insurance, motorcycle insurance, and RV insurance, giving customers many opportunities to bundle and save.

State Farm is another excellent option for adults in Florida. They offer tailored policies, local agents in over 130 cities, and some of the cheapest car insurance rates in the state. State Farm also has a strong customer experience, with high ratings for customer satisfaction from industry watchdogs like J.D. Power.

Progressive is a good choice for tech-savvy drivers, offering a mobile app and a usage-based insurance program called Snapshot. They provide solid financial ratings, low rates for high-risk drivers, and a wide selection of optional coverages.

Allstate is known for its strong agent representation in Florida and its usage-based offering through Drivewise. They have a range of coverage options, including roadside coverage, personal umbrella coverage, and rental reimbursement. Allstate also has strong financial stability, as evidenced by its AM Best rating.

The Best Car Insurance Companies in Florida for Seniors

Florida is one of the most expensive states for car insurance, with an average cost of $3,451 per year for a full-coverage policy. This is due to several factors, including the state's susceptibility to severe weather and its high population of uninsured drivers.

When it comes to the best car insurance companies in Florida for seniors, there are several options that offer competitive rates and comprehensive coverage. Here are four to six paragraphs detailing the top choices:

Geico is often cited as the best car insurance company in Florida overall, and it also offers great rates for seniors. They have the cheapest premiums for senior drivers, according to WalletHub's analysis, and they receive high marks for their variety of coverage options, ease of use, and multitude of discounts. Geico also has a highly-rated mobile app and offers some of the lowest rates in Florida for minimum coverage policies.

State Farm is another excellent option for seniors in Florida. They offer competitive rates for senior drivers and have an impressive array of discounts and coverage options. State Farm also receives high marks for customer service and has a full-service online policy portal and mobile app, as well as many local agencies. However, some customers complain that their claims process can be frustrating.

Progressive is a good choice for seniors in Florida, especially those who are tech-savvy. They offer a usage-based insurance program called Snapshot, which allows customers to save on premiums based on their driving habits. Progressive also has a Name Your Price tool that populates coverage options based on your budget. However, their rates tend to be higher than competitors, and their customer service could use some improvement.

Allstate is a well-known insurance company that offers high-quality coverage for seniors in Florida. They have a telematics program called Drivewise, which can help lower your base premium. Allstate also offers a Deductible Rewards program that lowers your collision deductible for each year of safe driving. However, their full-coverage premiums tend to be higher than the national average.

The Hartford is a great option for AARP members, as they offer an auto insurance program designed specifically for this demographic. Their coverage options and discounts are tailored to the needs of drivers aged 50 and over. While The Hartford receives great ratings from industry watchdogs, some customers have complained about their customer service and claims processes.

In conclusion, while car insurance in Florida can be costly, there are several companies that offer competitive rates and comprehensive coverage for seniors. It's important to compare quotes and consider your individual needs when choosing an insurance provider.

How to Get the Cheapest Car Insurance Rates in Florida

Florida is one of the most expensive states for car insurance, so it's important to know how to get the cheapest rates. Here are some tips to help you save money on your car insurance in Florida:

Compare Car Insurance Quotes

Get quotes from multiple providers and compare the results to find the lowest rate and best coverage for your situation.

Apply Car Insurance Discounts

Most car insurance companies offer discounts that can help bring your costs down. Common discounts include those for military service, alumni status, and safe driving.

Raise Your Deductible

Increasing your deductible can lower your monthly rate. Just be sure to set your deductible as high as you could comfortably afford to pay in the event of an accident.

Drop Coverage Add-Ons

Dropping coverage add-ons like rental car reimbursement and roadside assistance can save you money, but it also means you'll have to pay more out of pocket if you need those services.

Reduce Your Coverage Limits

While this option will reduce your rates, it also significantly increases your financial risk. Policies with lower coverage limits offer less financial protection in the event of an accident.

Consider a Telematics Program

Many auto insurers now offer telematics programs that use an app on your phone to monitor your driving behavior and adjust your rates accordingly. These programs can result in significant savings for good drivers, but your rates may also go up if the app detects unsafe driving habits.

Shop Around

Insurance providers change their rates frequently, so it's a good idea to shop around for a new policy at least once a year. Compare quotes from multiple insurers to make sure you're getting the best rate.

Frequently asked questions