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Why Is Florida Car Insurance So Expensive

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Cheapest Car Insurance Quotes In Florida: Geico

Why Is Car Insurance So Expensive? (Pricing System Revealed)

The average cost of car insurance in Florida is $1,189 per year, or $99 per month, for minimum liability.

Geico has the cheapest minimum-coverage car insurance in Florida. Car insurance from Geico costs $34 per month, which is 66% less than the average cost of coverage in Florida.

Florida drivers may also find cheap quotes with State Farm, which was 51% cheaper than Florida’s average rates at $48 per month.

Progressive: Best Ratings And Coverage Plans

Although not the most affordable insurance provider, Progressive has a good balance of affordability and range over coverage. Coverage plans are $2,000 and above, but worth the price if it fits into your budget. Progressive is one of the largest auto insurance providers in the U.S., and scored an A+ on credit rating agency AM Best.

In A State Known For Expensive Car Insurance Whats Your Best Option




Florida offers a beautiful driving experience, with its sunny skies and scenic highways. One major downside, however, is the states reputation for having some of the countrys worst drivers. If youre looking for the cheapest car insurance in Florida, however, keep reading.

The Sunshine State ranked fourth in a 2019 study of states with the worst drivers. According to financial technology company SmartAsset, Florida also has the lowest rates of insured drivers in the country at only 73.70%.

The choice not to purchase car insurance in Florida is largely due to rising costs. On average, according to one survey, a 40-year old man with a clean driving record and good credit would pay $1,654 per year for car insurance in Florida, 25% above the national average, according to the Study on the Affordability of Personal Auto Insurance from the U.S. National Treasury.

If youre a Florida resident and want to find the lowest cost car insurance available, our team put together a comprehensive guide with everything you need to know about auto insurance in Florida. We also recommend some of the best, most affordable providers that stood out during our research.

To go straight to a list of providers available in your area and start getting quotes, fill out the form above.

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What Are The Cheapest Car Insurance Companies In Florida

Auto insurance rates are different for each insurance company. Therefore, the average rate at one company varies for other insurance companies.

Lets examine Floridas cheapest car insurance companies in the table below.

Most Affordable Car Insurance Companies in Florida


GEICO and State Farm are the cheapest auto insurance companies in Florida. But you should still shop around with multiple insurance companies until you find a policy within your budget.

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How To Get Car Insurance In Florida

Why is Car Insurance So Expensive in Florida?

We recommend reaching out to Allstate, Geico and State Farm for car insurance quotes if youre a Florida driver. USAA is a smart choice for military families, and Progressive can provide great rates to high-risk drivers.

Its always best to get more than one auto insurance quote. With multiple quotes, you can effectively compare coverage and costs to see who offers the most affordable car insurance rates for your unique profile.

Compare car insurance quotes

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Why Florida Car Insurance Is So Expensive

Florida car insurance is so expensive because of the high number of factors that increase the cost such as the number of uninsured drivers and the high-risk drivers who live in and visit the state.

Florida car insurance is so expensive because of the high number of factors that increase the cost such as the number of uninsured drivers and the high-risk drivers who live in and visit the state. It’s good to know these factors so you can take some steps to decrease your overall insurance costs, including the premiums you must pay annually or monthly. Knowing these factors will help you when speaking to your insurance agent about discounts that are available.

Here are some factors that affect Florida’s car insurance costs, ways to save on your auto insurance rates, and the insurance companies that offer the cheapest rates on average.

Unum Life Insurance Company

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Cheapest Auto Insurance In Florida For 20

Drivers with poor credit in Florida should look at the following insurers with the lowest average rates for minimum coverage:

  • Direct Auto: $2,280 per year, or about $190 per month.

  • Allstate: $2,391 per year, or about $199 per month.

  • Geico: $2,482 per year, or about $207 per month.

  • State Farm: $3,251 per year, or about $271 per month.

  • Progressive: $4,005 per year, or about $334 per month.

  • Cheapest Auto Insurance In Florida For 60

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    Drivers with poor credit in Florida can look at the following companies with the lowest average rates for full coverage:

  • State Farm: $3,191 per year, or about $266 per month.

  • Geico: $3,298 per year, or about $275 per month.

  • Direct Auto: $3,358 per year, or about $280 per month.

  • Allstate: $4,544 per year, or about $379 per month.

  • Progressive: $4,827 per year, or about $402 per month.

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    How To Get Cheaper Car Insurance In Florida

    Multiple factors affect the cost of car insurance. Some things you cant control, but you do have a say in most of the contributing factors. Driving safely, obeying traffic laws, and keeping a clean driving record are the best ways to keep your insurance costs down.

    Other than that, the best way to lower your car insurance costs is to compare rates from at least three insurance companies. Ideally, you should check your rates every 6-12 months, when you renew your policy. But at a minimum, be sure to check your record and shop for rates every three to five years, since you may be able to get a lower rate if a traffic violation falls off your record.

    In Florida, the most expensive policies cost roughly $2,128, and the least expensive coverage costs around $282, when all driver profile information is the same. That means you could save as much as $1,845 simply by shopping around. Be sure to confirm youre getting all the discounts youre eligible for, too.

    Injured In A Florida Car Accident: Get A Free Consultation With Our Car Accident Lawyer

    If you have any questions about UM coverage or if you were hurt in a Florida car accident, you need to speak with an experienced Florida car accident lawyer as soon as possible.

    Please contact us online or call our Coral Springs office directly at 954-755-7803 to schedule your free consultation. We proudly serve Florida residents, including all of Coral Springs, Parkland, Weston, Fort Lauderdale, Boca Raton, Miami-Dade County, Broward County, Palm Beach County, and all points in between.

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    Is Florida A No

    You have already read that Florida is a no-fault state, meaning that:

    • No-Fault coverage is meant to protect the insured by paying for their expenses in an accident.
    • After No-Fault coverage benefits are exhausted the insured can then turn to MedPay
    • When MedPay benefits have reached their limits, and if the insured is not at fault, the insured can then look towards the other partys insurance to seek reimbursement.
    • Uninsured Motorists Coverage can cover the rest is the other partys benefits reach their limits, but only within the limits of the uninsured motorist policy limits.

    So what does it mean to be an at-fault state? Well, unlike a no-fault state, in an at-fault state, the person who was legally at-fault for the accident bears the liability for damages and injuries caused by the crash.

    Whether you live in a no-fault state like Florida or an at-fault state like North Carolina, certain laws across all state lines, seat belt laws are one of these, but the requirements for when and where a person in a motor vehicle must buckle up varies by state law.

    Why Is My Florida Car Insurance So Expensive

    Why Florida Car Insurance is so Expensive?

    We have two cars and two adult drivers, no kids, one accident last year, and the insurance this renewal period is $1,900 for six months. Coverage limits are bodily injury $100,000 per person and $300,000 per accident, and property damage $100,000. Full coverage with $500 deductibles.

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    Cheapest Car Insurance Companies In Palm Coast Fl

    Youre going to see quite a range of car insurance prices in Palm Coast. The most expensive quote we received costs more than twice the cheapest. Thats because different insurance companies consider different factors, like the car you drive and your history behind the wheel, and weigh those factors differently. To get a rough idea of policy costs from leading insurers in Palm Coast, check out this table.


    Florida Has A Persistent Problem With Uninsured Motorists

    Of course, theres no way to precisely count everyone who has no car insurance.

    If there was, they would be in big trouble!

    But experts have had an eye on Florida for a long time in the fight against uninsured driving. Florida is believed to have the highest rate of uninsured motorists in the nation, with more than 26% of drivers holding no policy.

    Floridas agriculture industry depends on a large number of transient workers who may not hold insurance or a license. This is particularly noteworthy in Central Florida communities. That said, this group is only one contributor to an overall uninsured driving problem throughout the state.

    Florida also mandates a lower level of car insurance protection than many other states do. That means even someone who carries basic insurance might easily end up in an accident where their liabilities exceed their coverage benefits. That makes lawsuits more likely and ultimately raises insurance premiums.

    In recent years, Florida has made some strides against uninsured driving.

    Car insurance companies are now required to notify the state when a policyholder loses a policy for any reason, including canceling the policy or having it lapse for late payment. In most cases, you only have 7-10 days to get a policy before you risk having your vehicle registration automatically suspended.

    Even with this in mind, though, some Floridians still take their chances with no insurance.

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    Why Is Florida Car Insurance So Expensive In 2022

    Florida car insurance is one of the most expensive premiums in the United States. Im not sure you know why but we will tell you.

    Why is Florida car insurance so expensive? The average cost of automobile insurance has risen across the country, and Floridas auto insurance prices are following suit. The states congested roadways, higher insurance requirements, high healthcare expenditures, high-risk drivers, uninsured drivers, and extreme weather threats all contribute to this trend.

    In this article, we will share with you why Hialeah, Florida is among the cities in the United States with the most expensive auto insurance rates:

    How To Lower Your Car Insurance

    Car Insurance is getting more expensive

    Since changing your gender or moving to another state are not feasible savings options, and there is nothing you can do about your age, you must consider other factors that can lower your car insurance rates.

    If youre wondering how to save money on your car insurance, there are a few ways worth trying. The biggest saviours of your pocket include a good driving record, defensive driving class, and car insurance discounts. We will discuss all of them in detail further in the article.

    Additionally, there are other ways like:

    • Shopping around for the best insurance offer
    • Buying a car that can get the lowest premium
    • Paying a higher deductible, etc.

    Lets look at every possible option in detail.

    Improve your credit score. A good credit score plays a significant role in lowering your premium. Insured drivers with low credit scores file more claims statistically speaking, and they are a higher risk for the insurers. There are numerous ways of improving your credit score, which may drastically lower your car insurance rates depending on your location and insurance company.

    Shop around for the best offer. You can do it if your policy is about to get renewed and your premium has gone up. You should check the competing companies for new quotes every year or two. Since the competition is so vast, there might be a lower rate out there.

    However, the cheapest rates are not always the best because sometimes the lowest car insurance rates mean minimum coverage.

    Lets explain with an example.

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    Why Is Car Insurance So Expensive

    When it comes to auto insurance policies, not everyone reads small asterisked texts on their policies. Instead, sometimes people end up buying a non-matching policy or overpaying for a policy that they dont actually need. If you are purchasing a car, you will obviously need to insure it, but you might wonder why is car insurance so expensive in the first place.

    In this article, we will explain what factors influence the price and give you the wisdom to buy your own tailored policy that will cover everything and save you some money. Also, to help you make a good financial decision when buying an insurance policy- check our list of best car insurance providers in the US.

    Tips For Getting The Cheapest Car Insurance In Florida

    The cheapest insurer for one person may not work for another due to varying methodology in calculating premiums. A steadfast method for scoring the cheapest rates involves using the Insurify car insurance comparison tool to shop around for insurance from dozens of providers prior to purchasing or renewing a policybe it a full-coverage or minimum liability policy.

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    Risks Of Severe Weather

    Extreme weather is a significant source of auto insurance claims, especially for drivers who have comprehensive car insurance coverage on their policy. Several weather risks frequent in Florida, such as tornadoes and hurricanes, can severely damage your car, causing your insurance provider to declare it a total loss.

    In situations like that, the insurance companies are forced to pay out significant claims in these situations. The frequency of these incidents contributes significantly to the high cost of vehicle insurance in Florida.


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    Why Is Car Insurance So Expensive In Florida?

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    What Other Factors Should Florida Drivers Know

    Florida auto insurance is also expensive because 13.2% of people in Florida do not have health insurance. That means car insurance companies have a higher risk of paying more to drivers and pedestrians after an accident.

    Florida ranks fourth in states with a high percentage of people who do not have health coverage. Although 13% does not sound like a lot, it is a big number compared to other areas in the United States.

    New Hampshire: Competitive Market Median Density

    New Hampshire stayed in second place for the second year in a row. The average premium in the Granite state dipped 10% this year to $885, 38% less than the national average.

    New Hampshire also has a low rate of uninsured drivers, with only 6.1% of drivers out on the road without coverage. According to the Governor, New Hampshire also benefits from great drivers and safe roads.

    New Hampshire has some of the best drivers in America, and because our roads are so safe, consumers are enjoying the benefit with some of the lowest vehicle insurance rates in the country, said Governor Chris Sununu in a recent press release. We strongly encourage all Granite Staters to have car insurance and with rates this low, it should not be financially out of reach to have this commonsense protection.

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    What Are Floridas State Driving Laws

    Navigating the laws that govern car insurance in the Sunshine State can be a complicated and confusing process. Trying to understand just which laws apply to you after a car accident can be frustrating as well. Having a general understanding of what these laws are before you find yourself involved in a traffic incident can help.

    This is where we come in. We are here to help you gain a good grasp of the laws governing driving and car insurance in the Sunshine State. Keep scrolling to find out the basic information you need to keep your rates down and your family safe while on the road in Florida.

    How Moving To A Different State Might Impact Your Car Insurance Premium

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    Location matters to car insurance companies, so if you move across the state or to a new state, be prepared for your premiums to change.

    Each state has its own required coverages and limits , so rates will vary due to this and other factors, such as the number of claims the insurer pays out in your new area. Higher claims in that area will result in higher rates.

    You can check out our cost of living calculator tool to see how much rates may change if you move states. Also, remember to car insurance comparison shop with at least three companies to find out who in your area provides the best rates.

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