Cheapest Car Insurance in Florida (December 2023)

Geico and State Farm have the cheapest car insurance for most Florida drivers. Geico’s rate of $39 a month is the cheapest for minimum coverage, while State Farm’s rate of $163 is the lowest for full coverage.

Auto insurance can get expensive, but here’s a look at the cheapest car insurance companies in Florida.

Cheapest full-coverage car insurance: State Farm

State Farm narrowly beats out Geico for cheapest full-coverage car insurance in Florida. Its rates average $1,956 a year, or $163 a month.

Geico’s full-coverage rates average $2,007 a year, which works out to $167 a month.

Since car insurance rates vary by customer, we recommend that you compare quotes from multiple companies when you shop.

Rates are for a 30-year-old male with good credit, a clean driving record and full coverage. Your rates may vary.

Cheapest minimum-coverage insurance: Geico

Geico has the cheapest rate in Florida for minimum-coverage car insurance, $469 a year, or $39 a month.

State Farm has the next-best minimum-coverage rate, $663 a year, or $55 a month.

Rates are for a 30-year-old male with good credit, a clean driving record and minimum coverage. Your rates may vary.

Minimum-coverage car insurance in Florida includes $10,000 in personal injury protection (PIP) and $10,000 in property damage liability.

• PIP covers injuries you and your passengers suffer in a car accident, regardless of fault.
• Property damage liability covers damage you cause to other people’s vehicles or property.

Minimum coverage vs. full coverage

Although minimum-coverage car insurance satisfies a state’s insurance requirements, it doesn’t provide much financial protection.

Full-coverage car insurance includes collision and comprehensive coverage for your vehicle. Full coverage also includes bodily injury liability, which covers injuries you cause to others.

Cheapest rates for young drivers: Geico

Geico has the cheapest car insurance for young drivers, charging 18-year-olds an average of $1,072 a year for minimum coverage and $5,156 a year for full coverage.

Travelers has Florida’s second-lowest minimum-coverage rate for teen drivers, $1,692 a year. State Farm has the second-cheapest full-coverage rate for teens, $5,610 a year.

Annual rates are for an 18-year-old male with no prior accidents or violations. Your rates may vary.

Cheapest rates after a speeding ticket: State Farm

State Farm has the cheapest car insurance for Florida drivers with a speeding ticket, at $2,113 a year, or $176 a month, for full coverage.

Florida drivers with a speeding ticket pay an average of 18% more for car insurance than those with no prior violations or accidents.

However, State Farm only raises its rates for drivers with a speeding ticket by 8%.

Rates are for a 30-year-old male with good credit, one prior speeding ticket and full coverage. Your rates may vary.

Cheapest rates after an accident: State Farm

State Farm has the cheapest car insurance rates for Florida drivers with a prior accident, averaging $2,283 a year, or $190 a month.

A prior at-fault accident bumps the average price of car insurance in Florida by 46% to $3,594 a year.

Rates are for a 30-year-old male with good credit, one prior at-fault accident and full coverage. Your rates may vary.

Best rates after a DUI: Travelers

Travelers has the cheapest car insurance for Florida drivers with a DUI, at $3,503 a year, or $292 a month.

A DUI raises the average price of car insurance in Florida by 66% to $413 a month.

Rates are for a 30-year-old male with good credit, a prior DUI and full coverage. Your rates may vary.

Best rates for drivers with bad credit: UAIC

UAIC has the best average car insurance rate for Florida drivers with bad credit, $2,886 a year, or $241 a month.

In Florida, drivers with bad credit pay an average of $405 a month for full-coverage car insurance. This is more than double the rate available to a driver with good credit.

Rates are for a 30-year-old male with a clean driving record, poor credit and full coverage. Your rates may vary.

Cheapest car insurance for Florida seniors: Geico

Geico has the cheapest car insurance for senior citizens in Florida. Its rates for 65-year-olds average $1,677 a year, or $140 a month.

State Farm has the next-cheapest rate for seniors, $1,775 a year, or $148 a month.

Full-coverage rates are for a 65-year-old male with a clean driving record and a good credit score. Your rates may vary.

A 65-year-old Floridian pays an average of 9% less for car insurance than a 30-year-old. However, your rates may increase after you turn 65.

For example, a 75-year-old pays 18% more for car insurance than a 65-year-old. At 85, a driver is charged 52% more for car insurance than a 65-year-old.

Average car insurance rates by age

Full-coverage rates are for male drivers with clean driving records and good credit. Your rates may vary.

Senior citizens have slightly higher crash rates than middle-aged drivers, and this is the main reason why insurance companies raise rates for drivers in their retirement years.

One way to offset a portion of these rate increases is to complete an authorized defensive driving class. Just make sure your insurance company approves of the class you want to take before you enroll in it.

Florida insurance rates by city

In Florida’s largest cities, car insurance rates range from $2,347 a year for full coverage in Gainesville to $4,023 a year in Miami Gardens.

The average price of car insurance in Jacksonville is $2,925 a year, or $244 a month. Miami drivers pay an average of $3,803 a year, or $317 a month.

Rates are for a 30-year-old male with good credit, a clean driving record and full coverage. Your rates may vary.

How much is car insurance in Florida?

The average price of car insurance in Florida is $2,990 a year, or $249 a month, for full coverage. Minimum-coverage car insurance costs an average of $1,206 a year, or $101 a month, statewide.

The actual price you pay for car insurance depends on several factors, including:

• Your age, driving record and credit history
• Your ZIP code
• Your vehicle’s make, model and year
• Any discounts you receive

Since insurance companies weigh these factors differently and offer different discounts, you may qualify for a much lower rate with one company than you do with others.

Car insurance laws in Florida

Florida no-fault car insurance laws apply to car accident injuries. If you and/or your passengers are injured in a car accident, your own policy’s PIP covers your initial medical bills, regardless of who causes the accident.

However, if you cause an accident, you are still financially responsible for damage you cause to another person’s vehicles and/or property.

An at-fault driver is also responsible for the portions of medical costs that exceed a victim’s PIP limits.

Florida’s minimum car insurance requirements

Florida law requires the following car insurance coverages and limits:

• PIP: $10,000
• Property damage liability: $10,000

If you’ve previously been cited in connection with an injury from an accident, you also need to carry at least $10,000 in bodily injury liability.

Bodily injury liability covers the portion of an accident victim’s medical treatment that is not covered by PIP.

For example, if a person you injure in a car accident needs $40,000 in emergency medical treatment, their PIP covers the first $10,000. Your bodily injury liability covers the remaining $30,000. If you don’t have bodily injury liability, the $30,000 overage comes out of your pocket.

These car insurance coverages are optional in Florida:

• Medical payments (MedPay): Covers injuries you and your passengers suffer in a car accident, regardless of fault. You can use MedPay to cover costs not already covered by PIP, such as a PIP deductible or copayment.
• Uninsured/underinsured motorist: Covers injuries you and your passengers suffer in an accident caused by a driver with no insurance or not enough insurance to cover your medical bills. The coverage kicks in if your medical bills exceed your PIP limit.
• Collision: Covers damage your vehicle sustains in a collision with another vehicle or object. It’s usually required for a car loan or lease.
• Comprehensive: Covers your vehicle for theft or damage from noncollision causes such as fire, flood, vandalism and falling objects. It’s also usually required for a car loan or lease.
• Rental reimbursement: Covers the cost of renting a vehicle while your vehicle is in the shop for covered repairs.
• Towing and labor: Roadside assistance if your vehicle breaks down for any reason.
• Gap insurance: Covers the shortfall between your car’s market value, if it’s totaled, and the amount you may still owe on a loan or lease. Gap is not required by law, but it is required by some car loans and most leases.

Auto insurance verification in Florida

You need to show proof of auto insurance to register a vehicle in Florida. After that, the state monitors your insurance status electronically.

If you cancel your car insurance without a new policy in place, the system sends you a letter asking for proof of insurance. You’ll have to get a new policy to avoid having your license or registration suspended, unless you can show the letter was sent in error.

If you cancel insurance on a car you no longer drive, you need to turn in the vehicle’s license plate to avoid violating state insurance laws.

SR-22 and FR-44 car insurance in Florida

If your driver’s license or your vehicle’s registration is suspended, you may have to file an SR-22 or an FR-44 certificate to reinstate your driving privileges.

Most companies file the certificate for you after you initiate your policy. Some do it for free. Others charge a small filing fee, often in the $15 to $25 range.

SR-22s are typically the result of insurance or driver’s license violations and usually only require you to buy minimum-coverage car insurance.

FR-44s are typically required for more severe violations, such as driving under the influence (DUI). With an FR-44, you have to get bodily injury liability limits of $100,000 per person and $300,000 per accident as well as $50,000 in property damage liability and PIP.

The actual price of insurance with an SR-22 or FR-44 certificate depends largely on the nature of the offense that led to the filing requirement and the amounts of insurance you purchase.