Cheapest car insurance in Florida (FL) 2023

Cheapest car insurance company in Florida: Geico

For the average good driver, Geico is the cheapest car insurance company in Florida — and the only one to offer rates below $3,000. The typical driver can expect to pay $2,771 a year, or about $231 a month, for full coverage.

Across the country, Geico is one of the best cheap car insurance companies for drivers, and it’s also one of the best auto insurance companies overall. We like it for its low rates, especially for seniors drivers, and coverage features, like its usage-based insurance program (Drive Easy).

Geico isn’t your only option for cheap car insurance in Florida, though. Mercury earns 4.5 stars for affordability rates, while Travelers scores 4 stars out of 5. On average, good drivers might pay $3,488 a year for full coverage with Mercury and $3,615 a year with Travelers.

State Farm is the only other insurer to offer an average good-driver rate below $4,000 in our analysis. Bristol West (a subsidiary of Farmers) isn’t much more expensive — good drivers will pay an average of $4,072 a year.

Cheap Florida car insurance rates

Cheap car insurance companies in Florida

Geico

Blueprint Rating

Average price for good drivers

$2,771

Average price for high-risk drivers

$4,018

What you should know

Geico offers the lowest average car insurance prices for almost every type of driver. Whether you have a clean record or a history of accidents or tickets, Geico may be your best bet for cheap car insurance in Florida. Seniors and parents of teen drivers should also check out Geico.

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Cheapest average Florida rates offered by Geico

Driver profile	Annual	Monthly
Senior driver	$1,985	$165
Adding a 16-year-old	$2,601	$217
Good driver	$2,771	$231
After a gap in coverage	$2,771	$231
After an accident with injuries	$3,551	$296
After an accident with property damage	$3,551	$296
After a speeding ticket	$3,627	$302
After a DUI	$4,150	$346
Poor credit	$4,817	$401

Mercury

Blueprint Rating

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Average price for good drivers

$3,488

Average price for high-risk drivers

$5,749

What you should know

Mercury is a solid auto insurance option for Florida drivers with no accidents on their record. It falls short for drivers with spotty driving records, though its annual premiums for high-risk drivers are still typically below the Florida average.

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Cheapest average Florida rates offered by Mercury

Driver profile	Annual	Monthly
Senior driver	$3,010	$251
Good driver	$3,488	$291
After a speeding ticket	$4,472	$373
After a DUI	$5,178	$432
High-risk driver	$5,749	$479

Travelers

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Average price for good drivers:

$3,615

Average price for high-risk drivers

$6,168

What you should know

Travelers is one of the best auto insurance companies available in Florida. We particularly recommend it for drivers purchasing a new vehicle. Travelers has cheaper than average premiums for good drivers and should be a top consideration if you’ve been at fault in an accident.

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Cheapest average Florida rates offered by Travelers

Driver profile	Annual	Monthly
Good driver	$3,615	$301
After an accident with property damage	$5,042	$420
After an accident with injuries	$5,168	$431

State Farm

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Average price for good drivers

$3,902

Average price for high-risk drivers

$6,449

What you should know

State Farm offers annual car insurance premiums below the Florida average. The insurer is particularly attractive for Floridian parents planning to add a 16-year-old driver to their policy, as well as drivers with at-fault accidents on their records.

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Cheapest average Florida rates offered by State Farm

Driver profile	Annual	Monthly
Adding a 16-year-old driver	$2,745	$229
Senior driver	$3,336	$278
Good driver	$3,902	$325
After a speeding ticket	$4,541	$378
After a gap in coverage	$5,210	$434

Florida car insurance costs

The average cost of car insurance in Florida is $4,326 for a good driver shopping for full coverage. If you live in Florida, that’s roughly $361 from your monthly budget — and double the national average cost of car insurance.

If you only want to purchase the minimum amount of car insurance required in Florida, you can expect to pay around $1,286 a year. 

High-risk drivers in Florida can expect significantly higher rates. On average, they’ll spend $6,135 a year on full coverage. A poor driving record (at-fault accidents, speeding tickets and DUIs) can significantly impact how much you’ll pay for car insurance costs in Florida, but an even bigger factor is your credit score. Drivers with a poor credit history pay an average of $6,556 a year.

Other factors can impact your auto insurance premiums including where in the state you live, (down to the ZIP code), your age, gender and vehicle. Your policy limits and selected deductible will also have a sizable impact on your final costs. 

Why is car insurance so expensive in Florida?

Florida has a relatively average cost of living, so why are its average annual auto insurance premiums so high? The Insurance Research Council recently released a study identifying key factors that contribute to Florida’s steep insurance rates. These factors include:

• Uninsured motorists: Florida is home to one of the highest uninsured motorist populations in the nation. This drives up costs for drivers who do carry insurance.
• Injury claims and severity. When compared to the national average, Floridians are 40% more likely to file injury claims after an accident. The severity of the injuries also results in higher payouts when compared to the other states.
• Post-accident litigation.  Floridians are more likely to hire attorneys after an accident, which often leads to higher claim payouts. 
• Higher repair costs. Repair costs drive property claim payouts, and though Florida residents enjoyed relatively low repairs costs in the past, that trend is changing and residents, and therefore insurers, are paying more after a collision or other incident that requires vehicle repairs. 
• Number of accidents. Florida’s property damage liability claims per 100 insured vehicles exceed the national average by 10%. That means Florida drivers experience accidents more frequently than elsewhere in the country.   

Average cost of car insurance in Florida by driver profile

Average car insurance rates in Florida by company

The average cost of car insurance for a good driver in Florida is $4,326 a year, or about $361 per month. Here is the average cost of car insurance in Florida by company.

Cheapest car insurance in Florida by driver profile

• After a speeding ticket.
• After an accident.
• After a DUI.
• Poor credit.
• After a gap in coverage.
• Teen driver.
• Senior driver. 
• High-risk driver.

Cheapest car insurance in Florida after a speeding ticket

Drivers who have a speeding ticket can expect to pay an average of $5,395 for full coverage auto insurance in Florida. Getting a quote from Geico is a smart move — the typical driver may see an average rate as low as $3,627.

Mercury and State Farm are also lower-cost insurers for drivers with speeding tickets, though drivers will pay about $70 more a month on average. 

Cheapest Florida car insurance after a speeding ticket

Cheapest car insurance after an accident in Florida

On average, Geico offers the cheapest full coverage auto insurance for drivers with an at-fault accident, whether it caused injury or property damage. The typical driver can expect to pay $3,551 a year for coverage with Geico.

It’s quite a jump to the next most affordable option: Travelers. For both types of at-fault accidents, drivers will typically spend more than $5,000 for coverage through Travelers — it’s a little more affordable for drivers who cause property damage rather than bodily injury.

State Farm is also worth considering for drivers who’ve caused accidents. Our analysis found that full coverage runs about $5,297 a year, roughly $800 less than the Florida average.

Cheapest Florida car insurance after an accident with injuries

Cheapest Florida car insurance after an accident with property damage

Cheapest car insurance after a DUI in Florida

Finding cheap car insurance after a DUI can be tricky, especially in Florida where the average cost for full coverage is $5,768 a year.

Geico tends to be the most affordable for the average driver ($4,150 a year in our analysis), but Bristol West and Mercury are also typically affordable for Floridians with DUIs.

Cheapest car insurance in Florida after a DUI

Cheapest car insurance with poor credit in Florida

Drivers with poor credit will struggle to find cheap car insurance rates in Florida. On average, drivers with bad credit pay about $6,556 a year for coverage. United Automobile Insurance Co. can help lighten the financial burden with average rates around $4,504 a year, or $375 a month. 

Geico and Bristol West may also offer lower-than-average rates for drivers working to repair their credit.

Cheapest Florida car insurance with poor credit

Cheapest car insurance after a gap in coverage Florida

Drivers who let their auto insurance coverage lapse in Florida can typically expect to pay an average of 40% more when they enroll in a new policy. Geico is the most forgiving, with average premiums that match its rates for good drivers.

Otherwise, United Automobile Insurance Co. and State Farm are the next-best options, though significantly more expensive. Drivers might pay $4,876 or $5,210 a year, respectively, after a coverage gap. Still, their rates are lower than the state average of $6,019 a year. 

Cheapest car insurance in Florida after a gap in coverage

Cheapest car insurance for adding teen driver in Florida

Teens often pay the highest rates for car insurance, but adding them to a parent’s policy — instead of letting them purchase their own — often lightens the burden. If you have a 16-year-old driver in the house, adding them to your policy typically increases your annual premium by an average of $3,548 a year. 

Geico, State Farm or Progressive are great options to cover your new driver. 

Cheapest Florida car insurance for adding a 16-year-old driver

Cheapest car insurance for seniors in Florida

Seniors often pay more for coverage, but Florida seniors under 80 enjoy lower average rates than good drivers. That may be thanks to Florida’s Mature Driver Discount, which rewards older drivers with a car insurance discount when they complete an approved defensive driving course.

Geico offers the lowest average annual rates for senior drivers by a long shot, though seniors may also want to consider Mercury and State Farm. Of the three, both Geico and State Farm make our rating of the best car insurance for seniors.

Cheapest car insurance for high-risk drivers in Florida

Florida car insurance companies may consider you high-risk if you’ve caused accidents, racked up speeding tickets or were charged with a DUI. Drivers with poor credit also get the high-risk label, and insurance providers can even use your age to determine your risk level.

If insurers see you as a high-risk driver, consider Geico, Bristol West and Mercury. All three are competitively priced compared to the Florida average.

Car insurance requirements in Florida

Florida employs a no-fault system for car insurance, meaning drivers involved in an accident make claims on their own policies first, regardless of who is at fault.

So how much car insurance do you need if you own a car in Florida? At a minimum, Floridians must carry:

• $10,000 minimum personal injury protection (PIP).
• $10,000 minimum property damage liability (PDL).

PIP in Florida

Personal injury protection (PIP) can cover injuries to you and your passengers, no matter who is at fault for an accident. 

In Florida, basic PIP can have varying deductibles ($0 to $1,000) and the coverage pays for:

• 80% of all medical expenses up to $10,000 for covered injuries.
• 60% of lost wages if you can’t work following an accident.
• $5,000 in death benefits.

You may be able to upgrade to extended PIP. It’ll still max out at $10,000 in benefits, but you’ll get 100% of medical costs covered and 80% of lost wages. There’s also an option for 100% in medical costs but no lost wages.

Some insurers may offer additional PIP benefits that raise the coverage limits.

Property damage liability in Florida

Florida state law also requires drivers to carry $10,000 in property damage liability insurance. This only pays for damage to other people’s property, like their vehicle, if you’re at fault in an accident. Even though Florida is a no-fault state, if you cause an accident you could still be sued for damages.

How to find cheap car insurance in Florida

Florida has the second-highest car insurance rates in the country, but that doesn’t mean you have to resign yourself to a tight monthly budget. Here are a few tips for lowering your auto insurance costs.

Switch to a different provider

Shopping around for a cheaper option at each policy renewal — or at least every couple of years — could get you a lower rate. Start with our list of the cheapest car insurance companies in Florida, but you can broaden your search by working with an independent insurance agent or using an online insurance marketplace to compare car insurance quotes.

Just make sure your policy comparisons are apples to apples. That means comparing policies with the same deductibles and coverage limits to see which one is the cheapest.

And keep in mind, if you switch providers, you may lose out on any loyalty discounts, bundle discounts or vanishing deductibles you’ve been taking advantage of.

Ask about discounts

Speaking of discounts, car insurance companies offer a wide range. Check your current policy statement to see which discounts you’re getting, and ask your agent if more are available.

Insurance providers often offer car insurance discounts for:

• Bundling home and auto policies, or a multi-policy discount.
• Adding an additional vehicle to the policy, or a multi-vehicle discount.
• Completing a defensive driving course.
• Being a good student.
• Going multiple policy periods without any claims (sometimes called a good driver discount).
• Paying for your policy in full instead of every month.

Adjust your coverage

Another way to drop your monthly car insurance costs is to adjust your coverage. You can do this in a few different ways.

• Increase your deductibles: Drivers who only carry the state minimum insurance in Florida have to set a deductible for their PIP. The higher deductible you choose, the more you’ll have to pay out of pocket before medical coverage kicks in — but you’ll enjoy lower monthly premiums for your insurance. Similarly, drivers who get full coverage can lower their rates by opting for higher deductibles on their collision and comprehensive coverage.
• Lower your limits: On the flip side, Floridians can also reduce their monthly insurance costs by lowering their limits. Your coverage limits represent the max payout from insurance in a covered incident. Bear in mind that reducing your limits too low could mean you’d be on the hook for tens of thousands of dollars in a particularly expensive collision if damages exceed policy limits. In general, it’s a safer bet to raise your deductible before lowering your coverage limits.
• Drop optional coverages: Review your policy to make sure you are not paying for coverages you don’t need or can manage without in exchange for savings. This may be the case with policy enhancements, like roadside assistance or mechanical breakdown insurance. The same may be true of comprehensive and collision insurance if you drive an older vehicle that’s not worth the annual premium. 

Practice safe driving

Car insurance companies typically reward safe driving in a number of ways, including discounts for going claims free for a specific period of time.  

Usage-based car insurance is another option, especially if you consistently follow the rules of the road. Usage-based policies allow the insurer to track your driving, often through a smartphone app. If you practice good driving habits, you could see a rate reduction. But be warned: Unsafe driving may actually have the opposite effect, depending on your insurer and the program. 

You may also be able to reduce your rates by enrolling in an approved driving course. That’s the case for drivers over age 55 who complete a defensive drivers course, as a discount is mandated by the state. However, some insurers offer discounts to drivers in other age groups if they complete a driving safety or training course.