How Much is Florida Auto Insurance?

Trying to buy budget car insurance is not the easiest thing to accomplish, and finding out which company offers the most affordable insurance rates in Florida will involve additional perseverance. Every car insurance company has their own process for filing rates in each state, so first we will examine the overall cheapest insurance companies in Florida.

It’s a good idea to be aware that Florida insurance rates are impacted by many factors that will increase or decrease the price you pay. That is why Florida drivers need to do a thorough rate comparison when trying to get the most budget-friendly auto insurance rates in Florida. Auto insurance prices are impacted by many different factors and can change substantially, so the most affordable company six months ago may now cost much more than other companies.

Compare Cheap Insurance Quotes in Florida

Start Your Free Quote

USAA has some of the most affordable car insurance rates in Florida at around $957 each year. Electric, Amica, Progressive, and Travelers also qualify as some of the most economical Florida insurance companies.

As depicted above, if you buy coverage from Progressive and switched to USAA, you might realize a yearly price reduction of in the vicinity of $872. Drivers with Travelers could save as much as $912 a year, and Allied customers might cut rates by $1,028 a year.

These premium estimates are averaged for all ages of drivers and types of vehicles and and are not calculated with a rate decrease in Florida. So the company that can offer you the lowest price may not even be featured in the rate chart shown above. That is why you need to get rate quotes using your own individual information.

The type of vehicle requiring insurance is one of the largest factors when comparing quotes for the cheapest car insurance in Florida. Vehicles with lower performance, good safety features, or a positive history of liability claims will cost less to insure than high performance models.

The information below ranks insurance costs for the most economical automobiles to insure.

Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Rates do not factor in Florida location which can influence price quotes considerably.

Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Information does not factor in your specific Florida location which can affect premium rates significantly.

Price data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Rate quotes do not factor in zip code location which can lower or raise coverage prices considerably.

Careless drivers pay higher rates

The recommended way to obtain Florida auto insurance is to drive safe and not get tickets or have accidents. The diagram below demonstrates how citations and accidents can impact annual premium costs for different age groups of insureds. The premiums are based on a single male driver, full physical damage coverage, $100 deductibles, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and One Accident’],[‘Age 20’, 5609,6019,7189],[‘Age 30’, 2879,3289,4457],[‘Age 40’, 2865,3277,4447],[‘Age 50’, 2601,3011,4183],[‘Age 60’, 2513,2925,4095],[‘Age 70’, 3053,3461,4633]]);var options = {title: ‘Impact of Citations and Accidents on Florida Car Insurance Rates’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Florida’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

In the previous chart, the average cost of a car insurance policy in Florida per year with a clean driving record and no accidents is $3,253. Get written up for one speeding ticket and the average cost jumps to $3,664, an increase of $410 each year. Now include one accident along with the one speeding ticket and the 12-month cost of insurance in Florida goes up to an average of $4,834. That’s an increase of $1,581, or $132 per month, just for not paying attention while driving!

Who is cheaper: State Farm, Allstate, Progressive, or Geico?

When shopping around for auto insurance for drivers in Florida, four companies to take a look at are State Farm, Allstate, Progressive, and Geico. The following table ranks ratings for price and service, as well as some optional coverages that may be available in Florida.