Cheapest Car Insurance Quotes in Florida for October 2023

The average cost of car insurance in Florida is $201 per month — the fourth-highest in the country, according to Insurify’s latest auto insurance report. This cost is largely a result of the high number of severe weather events the state sees, which drives up the probability of drivers filing a claim.

Fortunately, Sunshine State drivers can still find affordable car insurance through companies like State Farm, Hugo, GEICO, and Allstate by comparing multiple quotes all at once.

As you shop for cheap car insurance, be sure to consider factors other than cost, such as coverage type and the financial stability of the insurer. Here’s what you need to know about cheap car insurance in Florida.

Cheapest car insurance companies in Florida 

Here’s a closer look at the cheapest car insurance companies in the Sunshine State. Note that the right company for you will depend on your individual situation and needs. It’s a good idea to weigh the pros and cons of all your options so you can hone in on the ideal choice.

Best full-coverage insurance: State Farm

Best for teen drivers: Auto-Owners

Best for drivers with incidents: GEICO

How to get the cheapest car insurance in Florida

Factors like your age, vehicle make and model, and driving history all play a role in the cost of your car insurance.^[1] However, these tips can help you find the cheapest auto policies in Florida:^[2]

1. Increase your deductible. A deductible is the amount of money you pay out of pocket for a claim before your car insurance kicks in and covers the rest. A higher deductible can lower your monthly premiums, but make sure you can afford a higher deductible if you file a claim.

2. Bundle insurance policies. If you have homeowners or renters insurance, you might be able to bundle it with car insurance and save some money. Most car insurance companies offer bundling discounts.

3. Look for discounts. Many insurance companies advertise long lists of discounts to drivers. Compare their lists and determine which ones you’re eligible for to find the cheapest potential rates.

4. Shop around. It might be tempting to go with the first car insurance option you find. But doing so may cost you. Be sure to shop around and compare all your options so you can find the ideal coverage for the best rate.

Cheapest liability-only car insurance in Florida: USAA

Liability-only car insurance covers the cost of the other driver’s property damage and injuries if you’re at fault for a car accident. It’s the most basic level of auto insurance coverage and required for drivers in the Sunshine State.

Here’s a look at the cheapest liability-only car insurance options in Florida.

Cheapest full-coverage car insurance in Florida: Auto-Owners

Full-coverage car insurance includes liability insurance as well as comprehensive and collision insurance. While a full-coverage policy isn’t a legal requirement in Florida, it can provide you with extra financial protection and peace of mind. It’s worth considering if you drive a new or expensive car, commute often, or have an auto loan or lease.

The table below shows the insurers with the cheapest full-coverage policies in Florida.

Why are car insurance rates in Florida so high?

Florida drivers see the fourth-highest car insurance rates in the country, largely due to the effects of rising inflation and the increasing severity of climate catastrophes. 

As of July 2023, Florida drivers face an average annual premium of $2,412 for car insurance — 25% higher than what they paid in 2022 and a full 44% higher than the national average, according to Insurify’s 2023 Mid-Year Auto Report.

Overall, car insurance prices rose 17% in the first six months of 2023. The report predicts a further 4% increase through the end of the year, meaning Florida drivers may pay even more by the end of 2023. 

Floridians spend 4% of their income on car insurance. The average American spends only about 2.4%. 

Florida’s severe risk of climate catastrophes plays a large part in these high prices. Close to 27% of Florida counties are at a “relatively high” natural disaster risk, according to FEMA, and a further 6% are at a “very high” risk. Miami-Dade, Florida’s most populous county, is also at a “very high” risk. This increases the probability of insurance claims in Florida, leading insurers to raise prices to cover the risk.

Severe weather events, like Hurricane Ian, the high cost of damages, and associated lawsuits have also led to insurers pulling out of Florida. Farmers Insurance stopped writing and renewing auto, homeowners, and umbrella policies in July 2023, affecting 100,000 Floridians. If this trend continues, Florida drivers will have fewer options available for car insurance.

Car insurance requirements in Florida

Florida’s car insurance requirements are different from other states because its requirements don’t include bodily injury coverage. Instead, drivers must have personal injury protection (PIP) and property damage liability insurance. PIP covers medical expenses that result from a car accident, no matter who is at fault.

Here are the minimum car insurance requirements for Florida drivers:^[3]

Personal injury protection (PIP)

Florida requires drivers to carry $10,000 of PIP coverage. Personal injury protection can pay for both medical expenses and non-medical expenses related to injuries you or your passengers suffer in a car accident.

Property damage liability

Florida requires drivers to carry $10,000 of property damage liability coverage. Your liability insurance pays for damage to the other party’s vehicle or personal property in an accident you cause.

Even though Florida only requires PIP and property damage liability, many drivers can benefit from additional coverage options, including:

• Collision insurance: Collision insurance covers damages to your car after colliding with another vehicle or object, like a tree or fence.

• Comprehensive insurance: Comprehensive insurance covers vehicle loss and damage that comes from incidents other than car accidents, like hurricanes, theft, and vandalism.

• Gap coverage: Guaranteed asset protection (gap) coverage pays the difference between your auto loan and the actual cash value of your car after a total loss. It’s recommended for drivers who finance or lease their cars.

• Roadside assistance: If you’re on the side of the road with a dead car battery or a flat tire, this coverage can help pay for a jump-start, tire change, or car tow.

Cheapest car insurance for drivers with an incident

Incidents refer to at-fault accidents, speeding tickets, DUIs, and other moving violations you might commit as a driver in the Sunshine State. Since incidents may cause insurance companies to see you as a high-risk driver, they often lead to increased car insurance rates.

For example, if you have a DUI in Florida, you can expect to pay 99% more, on average, for car insurance than you would with a clean driving record.

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Cheapest car insurance for drivers with a speeding ticket: USAA

While a speeding ticket might not seem like a big deal, it can lead to higher car insurance premiums.^[1] In Florida, drivers with a speed ticket pay 34% more, on average, for car insurance.

The table below shows where you’ll find cheap auto insurance companies in Florida for drivers with a speeding ticket.

Cheapest car insurance for drivers with an at-fault accident: USAA

If you’re at fault for a car accident in Florida, you should expect higher rates for a car insurance policy.^[1] Depending on the auto insurance company and your particular situation, you may pay 43% more, on average, for car insurance.

Here are the auto insurers that offer the cheapest monthly rates for drivers with at-fault accidents in Florida.

Cheapest car insurance for drivers with a DUI: USAA

A DUI is a serious offense that can increase your car insurance costs in Florida.^[1] If you’ve been convicted of a DUI, you may pay 100% more, on average, for car insurance.

Here are the cheapest Florida car insurance companies for drivers with a DUI.

Cheapest car insurance for seniors: USAA

Seniors in the Sunshine State often face higher car insurance rates due to physical and mental impairments that interfere with their ability to drive safely.^[4] Rates typically decrease around age 35 but increase at around 75.

Here’s a look at the cheapest monthly car insurance rates for Florida seniors.

Cheapest car insurance for teens: USAA

Compared to adults, teenagers in Florida pay much more for car insurance. This is because they have less experience on the road and are more likely to cause an accident.^[1] To land the cheapest rates, teens can stay on their parents’ policy, take an approved defensive driving course, and look for good student discounts. Here are the cheapest monthly car insurance rates for teen drivers in Florida.

Florida car insurance quotes by credit tier

In general, drivers with good to excellent credit are less risky and tend to file fewer claims than those with poor credit. Insurance companies in Florida are legally allowed to consider the credit scores of prospective policyholders to help determine their car insurance premiums — but it can’t be the only factor they use.^[5]

As you can see from the chart below, a Florida driver with excellent credit will pay $175 less, on average, for an auto policy than a driver with poor credit.

Florida car insurance FAQs

Insurify Insights

How Florida Drivers Measure Up

While most drivers know that car insurance quotes are determined in part by your personal driving history, many may be unaware that rates are also impacted by the average risk of the drivers around you as well. Check out Insurify's latest analysis of driving records in Florida below:

Methodology

Drawing from an internal database of over 4 million car insurance applications, the research team at Insurify analyzes patterns in car ownership and driver behavior - including how Florida drivers measure up to their fellow motorists across the United States in areas including speeding, DUIs, and more.
Insurify Insights publishes data-driven articles, trend analyses, and national rankings each week on all factors related to cars and those who drive them.

Toyota Corolla

Most Popular Car in Florida

#42

State with the Most Speeding Tickets Rank

#36

State with the Moving Violations Rank

#50

State with the Most DUIs Rank

#35

State with the most Suspended Licenses

• Accidents in Florida

  While car accidents are a sadly unavoidable feature of time spent on the road, rates of accidents do vary from city to city and from state to state. Florida is the #28 state in the country for drivers with an at-fault accident on their driving record.

  • Rank among states: #28
  • Percent of drivers in Florida with an accident: 8.5%
• DUIs in Florida

  While driving while intoxicated is never acceptable, it’s a more common offense than many assume. Florida is the #50 state in the country for drivers with a prior drunk driving conviction.

  • Rank among states: #50
  • Percent of drivers in Florida with a DUI: 0.6%
• Reckless Driving in Florida

  Reckless driving refers to a specific traffic violation: when drivers willfully act dangerously in spite of the risks they’re imposing on both themselves and others. Florida is the #16 state in the country for drivers with a reckless driving offense on record.

  • Rank among states: #16
  • Percent of drivers in Florida with a reckless driving offense: 1.6%
• Rude Driving in Florida

  The Insurify team classifies rude drivers as those who commit one or more of the following driving offenses: failure to yield or failure to stop, improper backing, passing where prohibited, tailgating, street racing, or hit-and-run. Florida is the #18 state in the country for drivers with a rude driving violation on record.

  • Rank among states: #18
  • Percent of drivers in Florida with a rude driving violation: 1.8%
• Speeding in Florida

  Exceeding the speed limit can endanger others and have a serious impact on your insurance costs. Florida is the #42 state in the country for drivers with a speeding ticket on record.

  • Rank among states: #42
  • Percent of drivers in Florida with a speeding ticket: 6.6%
• Failure to Yield Rates in Florida

  Failing to yield the right of way isn’t just frustrating for other drivers; it’s dangerous, too. Florida is the #16 state in the country for drivers with a failure to yield violation on record.

  • Rank among states: #16
  • Percent of drivers in Florida with a failure to yield violation: 0.2%

Insurify Insights

Insurify's team of data scientists and content specialists presents Insurify Insights, a series of automotive, home, and health studies focusing on the topics that impact us all. through expert analysis of over 4 million car insurance applications and an array of top data sources, the Insurify Insights team produces new data-driven articles, trend analyses, regional superlatives, and national rankings every week. See Insurify Insights as featured in Forbes, Fox News, USA Today, NPR, and more.