Florida breaks the way to compare, choose and buy, which really saves money (and maybe a little headache).
Why is Car Insurance So Expensive in Florida?
Florida's drivers pay some of the highest car insurance rates in the country. Why? Some reasons:
- Weather risk: Hurricane, flood and storm mean more claims.
- High accident frequency: Busy roads and many tourists lead to more fender bends.
- No-fault state: Florida's insurance laws require that insurance companies pay rapidly, which can increase costs.
- Driver without a license: There are many of them, so companies charge more to cover risk.
But don't worry, if you know where to see, there are still ways to find reasonable coverage.
What Does Your Rate Affect?
Insurance companies see a group of factors when they determine the price:
- Location: Miami and Tampa are more expensive compared to small cities.
- Age and driving registration: Young drivers and tickets or accidents pay more.
- Type of car: Sport cars and luxury cars cost more to insure.
- Coverage level: Minimum required coverage is cheaper, but may not be enough if you have a new or valuable car.
Minimum Cover vs. Full Coverage
For the Florida Act, you must be minimal:
- $10,000 Personal Injury Protection (PIP)
- $10,000 Property Damage Liability (PDL)
This is just a minimum. If you rent or complete your car, the lender will probably need more. And if you want to protect your car from theft, storms or accidents, you will have "complete coverage" (which usually adds wide and collision).
The Best Cheapest Car Insurance Providers in Florida
Here is a quick eye on some companies known for cheap prices in Florida. Remember that your price will depend on your personal information, but this is a good starting point:
| Company | Average Annual Rate | Remarkable Exemption | Special Features |
|---|---|---|---|
| GEICO | $1,200 | Multi car, safe driver | Simple quotes online |
| State Farm | $1,350 | Good student, accident-free | Big agent network |
| Progressive | $1,400 | Snapshot (telematics), packing | Name your price equipment |
| Direct Auto | $1,500 | Military, senior, safe driver | Flexible payment scheme |
| Allstate | $1,600 | New car, safe driver | Drive Wise App for Savings |
Prices are estimated. Always get personal quotes!
How to Get the Best Deal
Here to make sure you don't pay anymore:
- Compare at least three quotes: Prices for the same coverage can vary from hundreds of dollars.
- Ask about the discount: Good driver, good student, home and car bundle, make full payment and more.
- Consider telematics: Some companies offer discounts if you let them track your driving with an app or device.
- Increase your deduction: If you can bear more cost from your pocket in an accident, your monthly prize will fall.
- Review your coverage: If you drive an old car, you may not need a wide or collision.
Step by Step: How to Compare and Buy Online
- Collect your information: Driver's license, vehicle details, current insurance information.
- Use the comparison site or go straight: Start with some top companies and see what they give.
- Fill out the form: Be honest if you cheat your information, your speed may change later.
- Review the options: See both price and coverage details.
- Select and buy your policy: Most companies allow you to buy online and print your ID card immediately.
Real World Example
Suppose you are a 30 year old driver in Orlando, with a pure record and 2018 Honda Civic. You get quotes from GEICO, State Farm, and Progressive. GEICO comes the lowest, but State Farm offers a big discount to pack with the tenant's insurance. You do mathematics and feel that the State Farm is very cheap. You buy online, set automatic payment, and save $300 per year compared to the old policy.
If I acted after insurance in Florida, I always examine at least three companies and ask for all possible exemptions. Sometimes the best deal is not the lowest sticker value, there is one that fits your life.
FAQ
- Can I ever switch to insurance companies?
Yes! You can switch at any time, even mid-policy. Just make sure your new policy starts before the old ends. - What if I have a bad driving record?
You will pay more, but some companies are experts on drivers with high risks. Look for "non-standard" insurance companies, or ask about SR-22 coverage if you need it. - Is it worth going to a small company?
Sometimes small or regional insurance companies can offer good prices and personal service. Just check the review and the financial strength. - How can I reduce the rate?
Take a defensive driving course, ask for discounts, and consider increasing your deductible.
Helpful Resources
If you’re also thinking about health insurance, check out this guide to comparing health insurance marketplaces in California. Want to stash your savings from lower premiums? Here’s a list of high-yield savings accounts by state. If you ever need to file a claim, there’s a step-by-step guide for Texas that covers the basics. And if you’re budgeting for a move, don’t miss this article on the cost of living in Miami, FL—the tips work for Floridians, too!