Finding cheap car insurance in Florida can feel like a daunting task, especially with Florida ranking among the most expensive states for car insurance. But don’t worry—we’ve broken down some of the best options by category and age group to help you score a policy that fits your budget without sacrificing coverage.
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Cheapest car insurance in Florida
We’ve identified some of the cheapest car insurance in Florida based on key categories, helping drivers with different needs find the most affordable coverage.
| Category | Cheapest company | Median annual rate |
| Clean driving history | GEICO | $2,112 |
| After a speeding ticket | State Farm | $2,484 |
| After an accident | State Farm | $2,845 |
| After a DUI | State Farm | $3,262 |
| Poor credit | UAIC | $2,487 |
Cheapest Florida car insurance by age
Age also plays a major role in determining insurance costs. Here’s a breakdown of some of the cheapest car insurance in Florida by age group.
For 20-year-olds
Young drivers face some of the highest premiums, but there are still affordable options.
| Category | Cheapest company | Median annual rate |
| Minimum coverage | GEICO | $646 |
| Full coverage | UAIC | $4,107 |
| Poor credit | GEICO | $1,205 |
| After a speeding ticket | GEICO | $729 |
| After a DUI | GEICO | $983 |
| After an accident | GEICO | $661 |
For 30-year-olds
Drivers in their 30s enjoy lower premiums compared to younger age groups.
| Category | Cheapest company | Median annual rate |
| Minimum coverage | GEICO | $362 |
| Full coverage | State Farm | $2,239 |
| Poor credit | GEICO | $657 |
| After a speeding ticket | State Farm | $544 |
| After a DUI | GEICO | $623 |
| After an accident | GEICO | $488 |
For 40-year-olds
Premiums continue to drop for drivers in their 40s, especially for those with clean records.
| Category | Cheapest company | Median annual rate |
| Minimum coverage | GEICO | $334 |
| Full coverage | GEICO | $2,129 |
| Poor credit | GEICO | $604 |
| After a speeding ticket | State Farm | $524 |
| After a DUI | GEICO | $607 |
| After an accident | GEICO | $479 |
For 50-year-olds
Drivers in their 50s typically see the lowest premiums.
| Category | Cheapest company | Median annual rate |
| Minimum coverage | GEICO | $313 |
| Full coverage | Travelers | $1,962 |
| Poor credit | GEICO | $564 |
| After a speeding ticket | State Farm | $495 |
| After a DUI | GEICO | $564 |
| After an accident | GEICO | $447 |
For 60-year-olds
Insurance rates for drivers in their 60s remain affordable, with minimal increases compared to those in their 50s.
| Category | Cheapest company | Median annual rate |
| Minimum coverage | GEICO | $281 |
| Full coverage | Travelers | $1,912 |
| Poor credit | GEICO | $501 |
| After a speeding ticket | State Farm | $458 |
| After a DUI | GEICO | $505 |
| After an accident | GEICO | $399 |
For 70-year-olds
Premiums for older drivers may slightly increase due to higher risk factors.
| Category | Cheapest company | Median annual rate |
| Minimum coverage | GEICO | $278 |
| Full coverage | GEICO | $1,884 |
| Poor credit | GEICO | $496 |
| After a speeding ticket | State Farm | $468 |
| After a DUI | GEICO | $514 |
| After an accident | GEICO | $404 |
How to get cheap car insurance in Florida
Here are strategies to lower your insurance premiums:
- Compare multiple insurers: Rates vary widely, so shopping around can lead to significant savings.
- Bundle auto with home/renters insurance: Many insurers offer discounts when bundling multiple policies.
- Maintain a clean driving record: Avoiding accidents and violations helps keep premiums low.
- Choose a higher deductible: A higher deductible reduces your monthly premium, though you’ll pay more out of pocket in the event of a claim.
- Take a defensive driving course: Completing an approved course may qualify you for discounts.
- Drive a car with good safety ratings: Vehicles with high safety ratings typically have lower insurance premiums.
- Install anti-theft devices: Security features like alarms or tracking devices can reduce rates.
- Improve your credit score: Better credit often results in lower premiums.
How much car insurance do you need in Florida?
Florida requires drivers to carry specific minimum coverages:
- Personal injury protection (PIP): Covers up to $10,000 in medical expenses, regardless of fault.
- Uninsured motorist coverage: While optional, this protects against costs if the at-fault driver lacks insurance.
- Bodily injury liability: Florida does not require this, but it’s highly recommended for added protection.
- Property damage liability: Florida mandates at least $10,000 to cover damages to others’ property.
Optional car insurance coverages
Consider these optional coverages for extra protection:
- Liability protection: Increases coverage limits beyond state minimums.
- Collision protection: Covers damage to your vehicle after an accident, regardless of fault.
- Comprehensive coverage: Pays for non-collision-related damage, like theft or natural disasters.
- Medical payments coverage: Helps cover medical costs for you and passengers.
- Roadside assistance: Offers services like towing and battery jump-starts.
- Rental car reimbursement: Covers rental costs while your car is being repaired.
How much does it cost to get car insurance in Florida?
The average cost of car insurance in Florida is approximately $1,100 annually for minimum coverage and $3,500 annually for full coverage, making it one of the most expensive states for car insurance. Several factors drive these costs, including Florida’s high rate of uninsured drivers, frequent severe weather events, and dense urban traffic in cities like Miami and Orlando.
Individual premiums can vary significantly based on factors like age, driving history, credit score, and vehicle type. Young drivers under 25, for example, typically pay higher rates due to their perceived risk, while drivers with clean records and good credit benefit from lower premiums. Location also matters; urban areas with higher accident rates and theft risks tend to have higher insurance costs than rural regions. By understanding these variables, drivers can better navigate Florida’s insurance market and find affordable options tailored to their needs.
What are the penalties of driving a vehicle without insurance in Florida?
Driving without insurance in Florida can result in steep penalties:
- Fines: Up to $500 for a first offense.
- License suspension: Your license and registration can be suspended until proof of insurance is provided.
- Reinstatement fees: Pay fees ranging from $150 to $500 to reinstate your license.
Finding affordable insurance in Florida
Finding cheap car insurance in Florida requires understanding your options and comparing providers. By focusing on discounts, maintaining a clean record, and bundling policies, you can secure coverage that meets your needs without breaking the bank.
FAQs
What is the minimum car insurance in Florida?
Florida requires $10,000 in PIP and $10,000 in property damage liability.
How much is monthly car insurance in Florida?
Monthly premiums average around $125 for minimum coverage and $250 for full coverage.
Is Florida the most expensive state for car insurance?
Florida is among the most expensive states, largely due to high accident rates and uninsured drivers.
