Best Car Insurance Companies Florida – The cheapest car insurance companies in Florida are Geoco, State Farm and Travelers. Florida drivers can save up to $3,084 a year on auto insurance and compare quotes.
Car insurance in Florida is not cheap In fact, Florida is the 47th most expensive state for auto insurance in our national study on cheap auto insurance. A big reason is that Florida has the highest number of uninsured drivers in the country at 27%. Insured motorists spend billions of dollars a year and insurance companies absorb those costs before passing them on to consumers in the form of higher costs.
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Comparing car insurance options in Florida is especially important because rates can be very high Additionally, some companies charge much more than others for the same coverage The average difference between the highest and lowest quotes for the same full coverage policy is $6,564 per year in Florida, for example, drivers who shop around can potentially save. A lot.
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To help, we analyzed quotes from top insurance companies using multiple driver profiles and zip codes in the state to find the best cheap car insurance companies in Florida. You can check out our recommendations below, and compare the cheapest options with the best Florida general auto insurance companies to ensure you find the right option for your specific needs
Geo has the cheapest car insurance for most good Florida drivers Insurers consider drivers who have never been in an accident or have proven to be good drivers and pay less for insurance than drivers with a bad record. In addition to lower rates, good drivers often qualify for additional discounts from their insurance companies
Full coverage refers to a policy that exceeds state minimum requirements Because full coverage protects you in more situations, it costs more than the minimum required
Most drivers will have their insurance rates increase for 3 to 5 years after receiving a speeding ticket It’s important to note that each insurance company calculates rates differently, so you should always get multiple quotes to make sure you get the best deal.
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An at-fault accident will usually have a negative effect on your insurance for 3 to 5 years because insurers will consider you a higher risk. It is more important to compare prices because of their higher rates
A low credit score often indicates that drivers are at higher risk, so insurers will typically pay them more for coverage. However, since insurers use different formulas to calculate premiums, bad credit may affect your rate more with one company than with another. Because each insurance company treats credit differently, it’s worth comparing quotes
Because young drivers have less experience behind the wheel, insurers tend to charge them higher rates than more mature drivers. On average, most drivers will see their rates decrease as they age, with a significant drop after age 25. Cheap Florida car insurance for older drivers
Although mature drivers pay less for car insurance than teenagers, their rates begin to rise as older drivers enter their senior years. Older drivers can save hundreds of dollars a year when comparing car insurance rates
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Drivers who have a DUI on their record generally experience much higher rates than drivers with a clean driving record or those with a history of less serious violations. A DUI typically affects your insurance rates for 3 to 10 years, but the violation can stay on your driving record for much longer.
To identify the cheapest insurance companies after a DUI, rates were reduced for a 45-year-old single person with minimal coverage, a DUI and good credit for major insurers.
Married drivers generally enjoy cheaper car insurance rates than single drivers Car insurance companies generally consider married drivers to be more responsible and less risky to insure. To help married drivers lower their insurance costs even further, they have reduced rates from major insurance companies with minimum insurance coverage for a 45-year-old married person with a clean driving record and good credit.
Geoco is the cheapest auto insurance company in Florida, charging an average of $84 per month for coverage. Along with lower rates, drivers can qualify for various discounts depending on their policy, driving performance and vehicle safety
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State Farm charges slightly more for coverage than its competitors, with an average rate of $130. But it’s a great option for drivers looking for multiple types of insurance and different discount options
Passengers can be a good option for drivers who want affordable coverage, as policies cost an average of $150 per month. Although it’s not as cheap as some of its competitors, it’s still a good option to consider
The cheapest car insurance company in Florida is GeoCo, which charges an average of $84 per month for the state’s lowest coverage. In addition to being the cheapest auto insurance for Floridians overall, it is the cheapest option for several specific categories, such as comprehensive coverage and good driver insurance.
6 Tips on How to Find Affordable Car Insurance in Florida 1. Compare quotes from national and regional insurers.
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Don’t forget to include local insurance companies in your search for affordable car insurance In Florida, regional insurers may have lower rates and comparable customer satisfaction ratings than national companies. 2. Know the factors affecting insurance in Florida
Everyone knows that your driving habits and claims history affect how much you pay for car insurance But in Florida, companies consider your credit history, marital status, annual mileage and some factors beyond your control, such as age and gender, to set your premium. 3. Choose the coverage that’s right for you
If you are at fault in an accident in Florida, you need liability insurance to compensate the other driver. On the other hand, collision and comprehensive coverage are optional and may be unnecessary if you have an older car. Usage-based insurance may be a better option than a standard policy for low-mileage drivers, and choosing higher deductibles or lower coverage limits also costs less. Don’t focus on the coverage you need, but make an informed decision That way, you won’t pay more car insurance than you need 4. Live in a less expensive zip code
Car insurance prices can vary greatly depending on your Florida zip code On average, drivers in Florida’s most expensive areas spend $1,600 more annually on auto insurance than those living in the least expensive areas. 5. Look for discounts
Cheapest Car Insurance In Florida For 2023
Major auto insurance companies in Florida have a variety of discounts, so almost everyone can find a way to save. You may be able to get discounts if you’re a student, a veteran, a good driver, a homeowner, willing to go paperless, and more.
If you let your insurance close, you’ll see higher rates if you don’t see more cars Florida drivers who do not maintain continuous coverage pay an average of 11% more than those with five or more years of insurance history.
Analysis of the cheapest car insurance companies in Florida is based on data from the Florida DMV and Quadrant Information Services. With that data, it used the features listed below to create 40 different driver profiles designed to identify the cheapest auto insurance companies in a collection of key categories for Florida drivers. For each profile, quotes from Florida’s top auto insurance companies were calculated by averaging premiums from 60 ZIP codes representing at least 20% of Florida’s population. Military-specified companies such as USAA were only considered for military-specified categories due to their eligibility restrictions In some cases, they may be the best overall option for qualified drivers
In the table below, you can see all the profile characteristics that were used in the analysis, as well as the specific subset of characteristics that make up our ideal driver profiles.
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Clean, speeding ticket, at-fault accident, DUI, suspended license, open container, red light violation, reckless driving, not guilty.
When driver profiles are not specified, Florida insurance quotes are averaged across 40 different driver profiles using the above variables. The information quoted comes from the Quadrilateral Information Service and is representative only Individual rates will vary
Finding cheap car insurance in Florida can be difficult But you have the expert community on your side Other customers have a lot of knowledge to share and we encourage everyone to do so while respecting our content guidelines
Car insurance in Florida costs $103 per month or $1,242 annually for minimum coverage. The cheapest auto insurance companies in Florida are Geoco, State Farm and Travelers, and getting quotes from multiple companies can help you find the best deal.