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Florida is among the most expensive states in the U.S. for auto insurance — its average car insurance rate is $344 per month. A big reason for this is Florida’s no-fault auto insurance laws, but its high population, heavy traffic congestion, high rate of uninsured drivers, and several other factors also come into play.
But just because Florida has some of the highest auto insurance rates in the country doesn’t mean you’re stuck. In fact, State Farm and GEICO are just a couple of auto insurers offering affordable rates to Florida drivers.
In this guide, we’ll break down the cheapest car insurance companies for all types of Florida drivers, plus outline some expert advice on how to save on your monthly bill.
Key Takeaways:
- The average Florida driver pays $344 per month for auto insurance.
- You can find liability policies for as little as $120 per month from companies like State Farm.
- Florida has a high rate of uninsured drivers, making having adequate auto insurance coverage even more important.
In This Article:
How Much Is Car Insurance in Florida?
Car insurance rates can vary widely depending on where you live — drivers in neighboring states can have dramatically different average rates.
Let’s look at how Florida stacks up to the rest of the U.S. as a whole.
| State | Average Monthly Liability Premium | Average Monthly Full-Coverage Premium |
|---|---|---|
| Florida | $216 | $300 |
| National average | $106 | $210 |
On average, drivers in Florida pay $216 per month for liability-only insurance and $300 per month for full coverage. But car insurance costs vary from driver to driver based on a variety of factors, including age, driving record, and ZIP code.
Why are car insurance rates in Florida so high?
As we mentioned above, Florida has some of the highest average car insurance rates in the country — and that’s because of of several factors.
First, Florida is what’s known as a “no-fault” state. This means that if you get into an accident in Florida, you file a claim with your own insurance company to cover your injuries, regardless of who’s at fault.
Another reason is Florida’s high population density. As of the 2020 U.S. Census, Florida had the 10th-highest density of any state. Generally speaking, a higher population density means more people on the road — and more people on the road means more accidents. These accidents lead to insurance claims, which, in turn, mean increased auto insurance rates.
But perhaps the largest factor contributing to Florida’s high auto insurance rates is its number of uninsured drivers. The Insurance Research Council found that more than 20% of Florida drivers are uninsured — that’s nearly eight percentage points higher than the national average.
Combine no-fault insurance regulations, higher population densities, greater congestion, and a high percentage of uninsured drivers, and it only leads to one thing — expensive auto insurance.
Florida’s Cheapest Car Insurance Companies
Florida’s average auto insurance rates are $344 per month, though you can still find ways to save by shopping around. Below are the five most affordable companies for Florida drivers, based on average rates from Compare.com.
| Company | Avg. Monthly Premium |
|---|---|
| State Farm | $142 |
| GEICO | $157 |
| UAIC | $292 |
| Direct Auto | $330 |
| MetLife | $331 |
State Farm’s rates are the lowest in Florida, at $142 per month. But these are broad averages, and the cheapest insurer for you will depend on your unique driver profile.
At the end of the day, finding the cheapest car insurance in Florida means finding the coverage that’s best for you at a rate you can afford. If you have room in your budget, it’s often wise to purchase liability coverage above state minimum requirements, as well as comprehensive and collision coverage, for greater protection, advises Mark Friedlander, director of corporate communications for the Insurance Information Institute (Triple-I).
“Regardless of where you live, we recommend all U.S. drivers carry liability coverage levels of at least 100/300/100 ($100,000 in bodily injury liability per person, $300,000 per accident, and $100,000 in property damage liability coverage) to ensure they have adequate financial protection from at-fault accidents,” Friedlander says. “Additionally, we suggest carrying uninsured/underinsured motorist coverage in high-risk states like Florida, where more than 20% of the drivers are uninsured.”
Read on to see the average rates for specific driver demographics in Florida.
Compare Rates from Florida’s Cheapest Companies
Compare.com’s Best Florida Insurance Companies of 2024
Unfortunately, there isn’t one company that’s the best choice for all drivers. Since each company calculates rates differently and every driver has different priorities when purchasing a policy, the best company for you might be totally different from a friend or family member.
With that in mind, it may seem like an impossible task to know where to start, but we’ve compiled a few of the best Florida insurers for some of the most common types of drivers in the Sunshine State.
State Farm: Best for budget-conscious Floridians
Average premium: $142 per month
Compare.com Rating: 4.90 out of 5
Trustpilot reviews: 1.7 out of 5
BBB rating: A+
You’ve probably seen Jake from State Farm on commercials advertising great rates. You’ve probably even thought, “Is State Farm really the cheapest option?” In Florida, the answer to that question is a resounding “yes.”
State Farm is a great choice for Florida drivers who value price the most. The company offers some of the lowest average rates in Florida. In fact, it’s also among the cheapest options, on average, for several age groups.
And you don’t have to sacrifice customer service for great rates, either. In its latest U.S. Auto Insurance Study, J.D. Power ranked State Farm above all other insurers in Florida in its Overall Customer Satisfaction Index — a whopping 12 points higher than the next-closest company, Allstate.
The Hartford: Best for Florida retirees
Average senior premium: N/A
Compare.com Rating: 3.2 out of 5
Trustpilot reviews: N/A
Better Business Bureau (BBB) rating: A+
The Hartford may be smaller than other insurers, but it’s a fantastic option for Florida’s sizable senior population. Through its partnership with AARP, The Hartford offers senior drivers great rates and a unique reward program.
We don’t currently have data for The Hartford’s average rates in Florida, but the company advertises average annual savings of up to $649 for seniors who switch to its AARP Auto Insurance Program. The company punches above its weight when it comes to customer service, too — scoring above average in J.D. Power’s Overall Customer Satisfaction Index.
GEICO: Best for Florida teens
Average teen premium: $323 per month
Compare.com Rating: 4.65 out of 5
Trustpilot reviews: 1.3 out of 5
BBB rating: A+
It’s no secret that teens pay some of the highest rates of any group when it comes to auto insurance. Fortunately, teen drivers in Florida have options. GEICO’s average rates are among the lowest for teens — it’s a great choice, whether you’re a teen being added to your family policy or getting your own plan.
GEICO also offers a wide array of discounts teen drivers can take advantage of to save even more, including a good student discount and a discount for taking an approved driver safety course.
The insurance giant also scores well when it comes to customer service — ranking fourth out of all Florida insurers in J.D. Power’s Overall Customer Satisfaction Index Ranking — so Florida teens can rest assured they’re in good hands with GEICO.
Cheapest State-Minimum Car Insurance in Florida: State Farm
Your policy rate is directly related to the amount of coverage you have. Liability-only coverage tends to have some of the lowest rates because these policies often only include the state’s minimum coverage requirements. You’d then be financially responsible for all other damages or injuries that your policy doesn’t cover.
| Company | Avg. Monthly Premium |
|---|---|
| State Farm | $120 |
| GEICO | $128 |
| UAIC | $257 |
| MetLife | $261 |
| Direct Auto | $261 |
Our analysis found that State Farm has the cheapest average rates for state-minimum liability coverage in Florida, with average rates coming in at just $120 per month.
Next, we’ll explore the cheapest options for drivers who want a more robust full-coverage insurance policy.
How we chose the cheapest companies in Florida
Our team analyzed thousands of rates from dozens of the top insurance companies in Florida. Using that data, we listed the five cheapest options for Florida drivers based on several key factors, such as age, coverage level, driving history, and more. All the rates listed are based on someone who drives a 2016 Honda Accord and has the minimum limits for coverage in Florida. The listed “full-coverage” rates include $500 deductibles for collision and comprehensive coverages in addition to state-minimum liability coverage.
Cheapest Full-Coverage Car Insurance in Florida: State Farm
“Full-coverage” policies usually include comprehensive and collision insurance. These coverages provide added protection for damages or injuries to you and your property, but they typically raise rates, as well.
| Company | Avg. Monthly Premium |
|---|---|
| State Farm | $164 |
| GEICO | $185 |
| UAIC | $327 |
| Allied | $397 |
| Direct Auto | $398 |
State Farm is the cheapest auto insurance company in Florida for full-coverage car insurance, with an average premium of $164 per month, according to our analysis.
Compare Florida Auto Insurance Rates by Age
Age is one of the most influential factors for car insurance rates. Young drivers — especially teenagers — tend to cause more accidents than drivers older than 20, which is why their rates are often the highest. Adults older than 65 may see their rates rise due to cognitive and physical impairments that increase the likelihood of accidents.
You’ll see that car insurance rates for teens, retirement-age adults, and Florida adults over 40 vary substantially from company to company.
| Age Group | Statewide Average Monthly Premium | Cheapest Insurer | Cheapest Insurer’s Average Monthly Premium |
|---|---|---|---|
| Teens | $397 | GEICO | $112 |
| 20s | $295 | State Farm | $88 |
| 30s | $256 | State Farm | $73 |
| 40s | $247 | Hugo | $67 |
| 50s | $230 | Hugo | $60 |
| 60s | $214 | State Farm | $58 |
| 70s | $223 | State Farm | $57 |
Let’s break down the cheapest car insurance options for teen drivers and senior drivers in Florida.
Cheapest car insurance for Florida teens: GEICO
Teenagers are the most expensive drivers to insure because they have four times the crash rates than drivers 20 and older. A lack of driving experience, distracted driving, overconfidence, and peer pressure can contribute to crashes. Rates typically begin to drop for younger drivers after they reach 25 years of age.
GEICO has the cheapest car insurance on average for Florida teens, at $112 per month, according to Compare.com data.
Cheapest car insurance for Florida seniors: State Farm
As you approach retirement age, you might receive some of the cheapest rates possible. Rates may continue to drop as you enjoy their retirement due to infrequent driving. But it’s important to note that not all rates will be significantly low. Due to visual, physical, and cognitive impairments, older drivers are still at a higher risk of accidents, which can cause rate increases.
State Farm is the cheapest car insurer for senior drivers in Florida, with average rates of $58 per month, according to our analysis.
Compare Florida Auto Insurance Rates by Driving Record
Your driving record can be one of the most important factors insurers use when determining your rates. Mistakes that display risky driving behavior or an increase in claim potential — such as at-fault accidents, tickets, or DUIs — can increase your rates. The following sections show how different incidents affect your premiums.
The following table also shows the cheapest insurer by age in Florida and its corresponding average monthly premium.
| Driving Record | Statewide Average Monthly Premium | Cheapest Insurer | Cheapest Insurer’s Average Monthly Premium |
|---|---|---|---|
| Clean record | $247 | State Farm | $75 |
| Speeding ticket | $304 | State Farm | $86 |
| At-fault accident | $328 | State Farm | $92 |
| DUI | $379 | State Farm | $85 |
Let’s look at the cheapest insurance options for drivers with different incidents on their records.
Find the Best Florida Rates, Regardless of Driving Record
Cheapest car insurance in Florida after a ticket: State Farm
Speeding is considered a risky behavior in the eyes of an insurer. It has consistently been a significant contributing factor in motor vehicle fatalities for decades, according to the National Highway Traffic Safety Administration (NHTSA).
Even if it doesn’t cause an accident, you’ll likely receive a rate increase from a single speeding ticket. In fact, a speeding ticket raises average rates by 19%, according to Compare.com data.
State Farm is the cheapest option for drivers with one ticket on their record, according to our research. Florida drivers with a ticket who choose State Farm pay $86 per month on average.
Cheapest car insurance in Florida after an at-fault accident: State Farm
Most drivers know that an at-fault accident can increase your rate, but you might not know that claims such as these can stay on your record for three years. The average driver sees their rates go up by 24% after an at-fault accident, according to our data.
Our research found that Florida drivers with an accident on their record pay the cheapest rates with State Farm, at $92 per month.
Cheapest car insurance in Florida after a DUI: AIG
A DUI can cause your rates to increase substantially — average rates rise by 50% after a DUI, according to Compare.com data. Along with fines ranging from $500 to over $4,000 and potential jail time, the state can suspend your driver’s license for at least 180 days if you’re convicted of a DUI in Florida.
Your insurance company may drop you from your policy or choose not to renew it. The state will also require you to secure insurance through a company that’ll file an FR-44 (certificate of financial responsibility required for DUI drivers) on your behalf.
State Farm is the cheapest auto insurer for Florida drivers with a DUI, according to Compare.com data. Florida drivers who choose State Farm pay $85 per month on average after a DUI.
Florida Auto Insurance Requirements
According to the Florida Department of Highway Safety and Motor Vehicles, state law requires drivers of all registered vehicles to have the following minimum insurance coverage:
- $10,000 of personal injury protection (PIP) coverage
- $10,000 of property damage liability coverage
You must maintain this insurance must from the start of the vehicle registration until you surrender the vehicle’s license plate. Florida always requires this coverage is, no matter if you don’t drive or if your vehicle is inoperable.
No-fault insurance in Florida
Florida is a no-fault state, which means you’ll file a claim with your insurance company after an accident, no matter who was at fault. Drivers in no-fault states are required to purchase personal injury protection coverage.
In a collision, both drivers would file claims with their insurers. Each insurance company would then pay for its policyholder’s medical bills, lost wages, or funeral expenses. And, because you’re filing a claim, your insurer could raise your rates unless you were found not at fault.
Personal injury protection (PIP) in Florida
Personal injury protection — or PIP — is an insurance product that covers medical expenses if you’re involved in an accident, no matter if you’re at fault or not.
PIP insurance is required in no-fault states like Florida. These states require you to file a claim when you’re involved in an accident (which may increase your rates). PIP insurance can cover medical expenses — similar to health insurance — as well as lost wages due to injury and funeral expenses.
SR-22 and FR-44 auto insurance in Florida
SR-22 insurance isn’t a type of insurance coverage, like comprehensive or collision. Instead, it’s a certificate you file to prove you hold the state-required liability insurance.
In Florida, an SR-22 ensures you have bodily injury liability and property damage liability coverage in line with the reinstatement requirements of the Florida financial responsibility law.
Florida replaced its SR-22 form with an FR-44 form to uphold higher liability limit requirements. Drivers convicted of a DUI will need to file an FR-44 to reinstate their license and registration and will need to maintain the FR-44 insurance requirement for three years.
Penalties for driving without auto insurance in Florida
Florida requires drivers to maintain at least the minimum required insurance throughout their registration period, even if you don’t drive for that period or if your car is inoperable. A lapse of coverage — even when canceling your insurance right before surrendering your license plate — can trigger non-compliance.
Non-compliance can result in the immediate suspension of your driver’s license and registration for up to three years. You’ll have to pay a fee of up to $500 for reinstatement. A second offense could result in more fees, and driving on a suspended license can result in further fees or even jail time.
The Cheapest Cities for Car Insurance in Florida
Car insurance rates can vary by location — even by neighboring ZIP codes. Location factors into rates in multiple ways — two of the largest are the state’s minimum insurance requirements and its rate of uninsured drivers.
Data by the U.S. Treasury suggests that states with mandatory PIP coverage and higher rates of uninsured motorists, like Florida, have some of the highest auto insurance rates.
Your neighbors’ driving habits can also affect your rates. Even in the cheapest cities for car insurance in Florida, your rate can increase based on the number of drivers and accidents in your area.
| City | Avg. Monthly Premium |
|---|---|
| Gainesville | $85 |
| St. Augustine | $85 |
| Ormond Beach | $86 |
| Panama City | $86 |
| Punta Gorda | $86 |
| Sebring | $86 |
| Tallahassee | $88 |
| Lake City | $89 |
| Palm Coast | $89 |
| Venice | $89 |
How to Get Cheap Car Insurance in Florida
Use these tips to lower your car insurance rates in Florida:
- Reduce optional insurance on older vehicles: The Insurance Information Institute suggests lowering optional insurance coverage if your vehicle is worth less than 10 times your premium. Retaining only the minimally required coverage can keep your rate as low as possible.
- Ask about discounts: Most insurers offer discounts for policyholders based on things like driving habits, affinity memberships, payment methods, vehicle safety features, and more. Some don’t advertise all of their discounts, so ask your agent if there are any you qualify for.
- Improve your credit: Improving your credit score could improve your credit-based insurance score, which might lower your rate during renewal periods.
- Raise your deductible: Raising your deductible puts more financial responsibility on you in the event of an accident. In most cases, a higher deductible leads to lower premiums — but just make sure you can afford the extra expensve if you have to file a claim.
- Shop around and compare rates often: The industry is highly competitive, and insurers are constantly adjusting their rates, discounts, and incentives. Shopping around and comparing quotes from multiple companies is the best way to save.
Compare Rates from Florida’s Best Insurance Companies
Florida Auto Insurance FAQs
Whether it’s your first time getting car insurance or you’ve recently moved to Florida, it’s good to know the basics of the state’s auto insurance requirements. Here are answers to the most commonly asked questions about Florida car insurance.
Who is the cheapest auto insurance company in Florida?
The cheapest auto insurance company in Florida overall is State Farm. According to our data, it offers the lowest average rates for drivers across a number of categories. But rates vary quite a bit depending on your personal insurance profile, so it’s important to shop around and compare quotes to find the company that’s cheapest for you.
How much is car insurance in Florida monthly?
The average monthly premium for car insurance in Florida is $344, according to Compare.com data. But car insurance rates in Florida can range dramatically, depending on your location, age, and driving record.
What is the best car insurance in Florida?
Because a wide array of factors affect your auto insurance rates, there isn’t one company that’s best for all drivers. That said, we’ve found that GEICO and State Farm are great choices for Florida drivers looking for cheap policies without sacrificing customer service.
Which city has the cheapest car insurance in Florida?
Gainesville and St. Augustine have the cheapest average monthly auto premiums in Florida. Both cities have an average monthly auto insurance premium of $85, according to Compare.com data.
How much car insurance is required in Florida?
Florida requires all drivers to maintain PIP and PDL insurance at a minimum of $10,000 each. This insurance must be met even if your vehicle is inoperable and up until after the license plate or registration tag is surrendered.
What happens if you get caught driving without insurance in Florida?
Penalties for getting caught driving without a license in Florida include a suspension of your driver’s license and license plate for up to three years, as well as a reinstatement fee of $500.
Methodology
Data scientists at Compare.com analyzed more than 50 million real-time auto insurance quotes from more than 75 partner insurers in order to compile the rates and statistics seen in this article. Compare.com’s auto insurance data includes coverage analysis and details on drivers’ vehicles, driving records, insurance histories, and demographic information.
All the rates listed in this article have been collected from a combination of real Compare.com quotes and external insurance rate data gathered in collaboration with Quadrant Information Services. Compare.com uses these observations to provide readers with insights into how auto insurance companies determine their premiums.
Sources
- Florida Highway Safety and Motor Vehicles, “Florida Insurance Requirements,” accessed June 6, 2024.
- J.D. Power “2023 U.S. Auto Insurance Study,” accessed June 6, 2024.
- Insurance Information Institute, “Facts + Statistics: Uninsured Motorists,” June 6, 2024.
- United States Census Bureau, “Population Density of the 50 States, the District of Columbia, and Puerto Rico: 1910 to 2020,” accessed June 6, 2024.
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