Florida's Cheapest Auto Insurance: How To Find The Best Rates

Florida's auto insurance rates are among the most expensive in the country, with an average annual premium of $1,841 for a 6-month policy. The state's high number of uninsured drivers, higher-risk drivers, unpredictable weather, and mandatory insurance laws all contribute to this.

The Zebra's research found that Travelers offered the cheapest liability and full coverage auto insurance in Florida, with an average monthly cost of $169. State Farm, on the other hand, was rated the best overall car insurance company in Florida by The Zebra, thanks to its mix of great customer satisfaction, affordable prices, and coverage options.

For those seeking the cheapest liability insurance, Geico offers rates as low as $39 per month. For full coverage, State Farm provides the best rates at $163 per month. It is important to note that these rates may vary depending on factors such as age, location, and driving record.

Cheapest full-coverage insurance

Florida drivers pay some of the highest auto insurance rates in the country, with full-coverage car insurance rates rising by 7.3% over the last year. However, there are still some insurance providers offering competitive rates for full coverage. Here are the cheapest options for full-coverage insurance in Florida:

Geico

Geico offers the cheapest car insurance rates in Florida, with average annual rates of $2,087 for full coverage. Geico is consistently the most affordable option for various types of drivers, including those with a clean record, those who have caused an accident, and those with a speeding ticket. Geico's rates are particularly advantageous for older drivers, with average rates as low as $158 per month for a 65-year-old with good credit and no driving violations.

Travelers

Travelers is another insurance company that offers competitive rates for full coverage in Florida. Their average monthly cost of $168 per month is cheaper than the state average. They are also the cheapest option for liability coverage.

State Farm

State Farm is recommended by The Zebra for its mix of great customer satisfaction, affordable prices, and coverage options. State Farm scored highly in J.D. Power's 2023 U.S. Auto Insurance Study for Florida and placed fourth in The Zebra's Customer Satisfaction Survey. While State Farm offers rates lower than the state average, their prices tend to be higher for younger drivers.

Mercury

Mercury is also an option for drivers seeking affordable full-coverage insurance in Florida. They offer various discounts, including an e-signature discount, electric vehicle discount, multi-policy discount, and pay-in-full discount. Mercury also provides affordable rates for drivers with a speeding ticket or a DUI on their record.

Bristol West (a subsidiary of Farmers)

Bristol West, a subsidiary of Farmers Insurance, offers consistently low rates for drivers in Florida, especially those with a DUI conviction or poor credit. Their rates are also competitive for drivers with a recent accident on their record.

Cheapest liability-only insurance

Liability-only insurance is the cheapest type of car insurance you can buy in Florida or anywhere else. However, since these policies only cover liability claims for other parties and not your own costs, they come with financial risks.

Geico offers the lowest rates on minimum coverage at $650 per year on average, which is 60% cheaper than the state average.

Cheapest insurance for young drivers

Young drivers in Florida pay the most for car insurance across the US. The reason for this is that inexperienced drivers are more likely to cause a crash, and are therefore considered a higher risk. In Florida, teen drivers between the ages of 16 and 19 pay $6,295 per year, which is $4,766 more than the national average and 160% higher than what a 30-year-old Florida driver would pay.

There are some ways to reduce the cost of car insurance for young drivers in Florida. One way is to enrol in a recognised defensive driving course. Another is to opt for an affordable vehicle with excellent safety features rather than a high-performance car. Young drivers can also remain on a parent's insurance policy, which can save up to 62%. Students with a higher than B average might also qualify for a Student Discount.

According to ValuePenguin, Geico is the cheapest car insurance company for 18-year-old drivers in Florida. At $89 per month, minimum coverage from Geico is less than half what the average teen pays for insurance in Florida. Geico is also 40% cheaper than average for full coverage car insurance.

State Farm is another good option for young drivers in Florida. It offers the best cheap full coverage car insurance in the state, at $163 per month. This is $86 per month cheaper than the Florida state average.

Cheapest insurance after a ticket

Florida drivers face some of the nation's highest average car insurance costs. When you add a speeding ticket to the equation, you could face a hike in your insurance premium.

According to Quadrant Information Services, as of April 2024, Florida drivers with clean driving records pay on average $3,579 for full coverage per year and $1,173 for minimum coverage per year. After receiving one speeding ticket, Florida drivers may see their average annual costs inflate to $4,221 for full coverage and $1,422 for minimum coverage. That’s an 18% and 21% increase, respectively.

The cheapest car insurance providers on average after a speeding ticket in Florida as of April 2024 are:

• Travelers
• Geico
• State Farm
• Mercury

Your insurance provider has the right to raise your premium after receiving your first speeding ticket in Florida, but you also have the right to compare quotes and switch to a provider that is more gracious toward your mistake.

Cheapest insurance after an accident

Florida is known for having some of the highest auto insurance rates in the country, and a history of accidents or tickets can play a big role in how much you pay. The Zebra's experts have analyzed Florida car insurance quotes for multiple driver profiles, coverages, and companies to match you with the best policy.

State Farm

State Farm offers the cheapest full coverage insurance in Florida after an accident, at $190 per month. That's around half as much as most Florida drivers pay after causing a crash. It's also $39 per month less than the second-cheapest company, Geico.

Cheapest Insurance After a Ticket

State Farm

State Farm has the cheapest full coverage insurance in Florida after a speeding ticket. At $176 per month, State Farm's rates are $119 per month cheaper than the state average for drivers with a ticket.

Cheapest Insurance with a DUI

Travelers

Travelers has the most affordable car insurance in Florida for drivers with a DUI. Full coverage from Travelers costs $292 per month after a DUI, which is 29% cheaper than average.

Cheapest Insurance with Bad Credit

UAIC

UAIC has the best cheap car insurance for Florida drivers with poor credit, at $241 per month for full coverage. That's half the state average, and $71 per month less than the second-cheapest company, Geico.

Frequently asked questions