Cheapest Auto Insurance in Melbourne, Florida (2024)

Melbourne, Florida, residents have plenty of year-round options for entertainment and day trips within driving distance — but you need car insurance to drive to places like the Kennedy Space Center. Melbourne drivers pay lower-than-average car insurance rates, possibly due to the city’s smaller population compared to neighboring cities like Orlando and Palm Bay. 

Car insurance in Melbourne costs an average of $156 per month for liability-only coverage and $233 for full coverage, compared to the state monthly averages of $196 for liability coverage and $272 for full coverage.

When searching for car insurance in Melbourne, it’s important to compare quotes and prioritize finding the right coverage for your needs rather than solely focusing on the lowest price available.

3 of the cheapest car insurance companies in Melbourne

When looking for the ideal car insurance company in Melbourne, it’s essential to thoroughly evaluate your specific needs and circumstances. The cheapest car insurance company can differ based on factors such as your driving history, vehicle type, and desired coverage options.

Here are a few affordable car insurance companies in Melbourne, their different rates, and standout features.

Best insurer for full coverage: State Farm

Best insurer for senior drivers: GEICO

Best insurer for drivers with at-fault accidents: Allstate

How to get the cheapest car insurance in Melbourne

Getting cheap rates requires a bit of research and work on your part. While you’re searching for affordable Melbourne car insurance rates, remember these important tips:

• Compare quotes. Don’t settle for the first offer you receive — shop around and compare quotes from various insurance companies to find the best rate that suits your specific needs. The goal here is to find the right coverage at the right price, not the lowest possible price.

• Bundle and save. Consider bundling your car insurance with other insurance products, like renters insurance or homeowners insurance, to potentially qualify for multi-policy discounts and maximize your savings.

• Prioritize safe driving. Always practice responsible driving, follow traffic laws, and minimize accidents and violations to maintain a clean record, as this can positively affect your insurance rates.

• Inquire about discounts. Don’t be shy. Call insurance agents at various companies and ask about available discounts, such as those for good driving records, safety features, or good grades if you have a teenage driver in your household.

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Cheapest liability-only car insurance in Melbourne: State Farm

Almost every state, including Florida, requires liability car insurance, which provides coverage in the event you cause an accident. Because this type of auto insurance coverage is the bare minimum that Florida requires for drivers, it’s typically cheaper than many other policies.

The average rate for liability-only coverage is $156 per month in Melbourne.

Here are some of the car insurance companies in Melbourne that provide the most affordable liability-only policies.

Cheapest full-coverage car insurance in Melbourne: State Farm

Liability-only car insurance plays a crucial role in providing coverage for damages and injuries in an accident you cause, but it falls short of covering your own vehicle. In contrast, full-coverage car insurance offers comprehensive and robust protection that extends beyond liability, ensuring a higher level of financial security.

Full coverage is also more expensive. The average rate for full coverage is $233 per month in Melbourne.

Here are the cheapest full-coverage policies in Melbourne, according to Insurify data.

Car insurance requirements in Florida

Florida law requires drivers to provide proof of insurance for personal injury protection (PIP) and property damage liability coverage.

PIP covers 80% of medical expenses, up to $10,000, for covered injuries, regardless of fault. Property damage liability provides coverage for damages that the policyholder causes. It’s essential to maintain continuous coverage, even during periods when the vehicle isn’t actively in use.

Here’s how much coverage Florida requires all drivers to carry:^[1]

Florida’s minimum car insurance requirements are extremely low compared to other state requirements. It’s a good idea to purchase higher limits or add more coverages to your auto policy, especially if you drive a new car. Consider these additional auto coverage options for more protection:

• 

  Collision coverage

  Collision insurance pays for damages to your vehicle from collisions, either with an object or another vehicle, even if you’re at fault.

• 

  Comprehensive coverage

  Comprehensive insurance expands your protection beyond collisions to include theft and damages caused by non-collision incidents, such as fire, vandalism, theft, falling objects, and natural disasters.

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  Gap coverage

  Gap insurance acts as a safety net if you have a financed or leased vehicle, covering the difference between your auto loan balance and the insurance settlement in case of a total loss.

• 

  Glass coverage

  This is for dedicated protection for windshield and glass damage, with some policies offering no-deductible coverage for side windows, rear windows, and glass sunroofs.

Cheapest car insurance for drivers with an incident

When drivers have a past with incidents — such as driving under the influence (DUI), speeding tickets, at-fault accidents, or other moving violations — finding cheap car insurance becomes crucial.

It’s important to remember that these incidents typically result in increased insurance premiums due to the higher probability of future claims they signify.^[2] Here are the average costs for drivers with incidents on their records.

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Cheapest car insurance for drivers with a speeding ticket: State Farm

Brevard County, where Melbourne is located, reported 14,000 speeding violations in 2022.^[3] Speeding tickets can cause a surge in your car insurance rates. Insurance companies associate speeding violations with an increased risk of accidents and claims, leading to higher premiums, even if you don’t cause an accident. It’s important to drive safely and avoid further violations.

Drivers in Melbourne pay an average of $187 per month for liability coverage. You can find the cheapest average monthly car insurance rates, despite having a speeding ticket, below.

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

Like having a speeding ticket on your record, causing a car accident can lead to a significant spike in your car insurance rates due to the likelihood of increased claims.

In Melbourne, drivers pay an average of $205 per month for liability coverage. How much your premiums increase typically depends on the severity of the accident.^[2] In 2022, Brevard County reported more than 9,000 car crashes and 91 fatalities from those accidents.^[4]

If you’re searching for the cheapest car insurance companies in Melbourne with an at-fault accident on your record, refer to the table below.

Cheapest car insurance for drivers with a DUI: Hugo

Insurance companies consider DUIs to be a strong indicator of risky driving behavior, increasing the chances of accidents and claims. As a result, having a DUI on your record leads to higher insurance rates.

In Melbourne, drivers with a DUI pay an average of $236 per month for liability coverage. Florida may also require you to purchase FR-44 insurance coverage and have proof of insurance on file with the state for three years.

If you’re searching for the cheapest car insurance companies for Melbourne drivers with a DUI on their record, see the following table.

Cheapest car insurance for seniors: Hugo

As drivers gain experience and approach their mid-30s, rates tend to decrease, as long as they maintain a clean driving record. But once drivers reach around 70 years old, premiums may undergo a slight increase due to factors such as potential health concerns and increased accident risks.^[5]

Seniors in Melbourne pay an average of $127 per month for liability coverage.

This table outlines the Melbourne auto insurance companies that offer senior drivers some of the lowest average monthly quotes.

Cheapest car insurance for teens: GEICO

Teen and young drivers face significantly higher car insurance rates than older drivers. Their lack of maturity and driving experience can cause concern for insurance companies that they’re more likely to file claims.^[6]

Teens in Melbourne pay an average of $244 per month for liability coverage.

For teenagers, one effective approach to securing affordable car insurance is to remain on a parent’s car insurance policy, as it often leads to lower rates. Additionally, you can get affordable insurance coverage by choosing a safe and reliable vehicle equipped with advanced safety features and maintaining good grades to qualify for good student discounts.

For a comprehensive overview of the lowest average monthly car insurance quotes available for teens in Melbourne, take a look at the table below.

Melbourne car insurance quotes by credit tier

In Florida, auto insurers can use credit history when determining insurance rates, although it can’t be the only factor. A driver’s credit score has a substantial influence on insurance rates — drivers with excellent or good credit scores have lower premiums due to their lower perceived risk. Conversely, drivers with poor credit scores may face higher premiums, reflecting the increased risk.

Here are the average monthly car insurance quotes for Melbourne drivers across different credit tiers.

Is car insurance more expensive in Melbourne?

On average, full-coverage car insurance in the U.S. costs $214 per month. Melbourne residents face a similar average monthly premium of $195 for similar coverage.

It’s important to note that car insurance rates can vary greatly, depending on factors like weather conditions, crime rates, and traffic volume within a city.^[6] Compared to Melbourne rates, drivers in other cities pay more for car insurance on average, and those different rates vary greatly.

More cities in Florida

Compared to many other cities in Florida, Melbourne boasts much cheaper car insurance rates. But cities like Miami, notorious for their elevated levels of reckless driving, tend to experience even higher average car insurance costs.^[3]

Here’s how car insurance quotes in other Florida cities compare to Melbourne’s.

Melbourne car insurance FAQs