Car Insurance Guides for Florida

Car insurance rates have been on the rise nationwide, and this has also held true for the state of Florida. The Sunshine State has seen increases of almost 10% in rates per year since 2017, giving Florida drivers the third-highest rates in the entire country. That said, rates vary widely based on your insurer, city/county, age, driving history, type of vehicle, and even your credit score. Here’s the best car insurance rates for Florida. 

To get a clearer idea of how auto insurance works and how to find the most affordable rates in the state, let’s first take a look at how Florida laws regulate drivers and their vehicles.

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Best Cheap Car & Auto Insurance Rates in Florida (2019)

Car Insurance Laws in Florida

According to the Florida Department of Highway Safety and Motor Vehicles, drivers must abide by the following regulations:

  • All registered vehicles with at least 4 wheels must have an auto insurance policy.
  • Assuming you have a valid Florida license plate, the minimum coverage required by state law is $10,000 PIP (Personal Injury Protection) and $10,000 PDL (Property Damage Liability). Additionally, the Florida Financial Responsibility Law requires you to carry $10,000 BIL (Bodily Injury Liability) per person or $20,000 per accident.
  • If you are moving to Florida and have auto insurance that was issued in another state, you must either purchase a new Florida policy or have your existing policy transferred to a Florida agent.
  • If you fail to provide proof of insurance, the state of Florida can suspend your driving privileges for up to three years, or until you provide proof of insurance, whichever comes first. 
  • Drivers who fail to provide proof of insurance must pay a reinstatement fee of $150.

How Cheapest Car Insurance Rates are Determined in Florida

As of the latest data, good drivers in Florida pay an average of $2,411 annually for auto insurance, or $201 per month. Rates vary by the insurance provider, location, insurance type, and the level of coverage. However, these rates are also highly dependent on drivers. When an insurance provider is calculating your rates, they will look at the following factors:

  • Location – Generally, if you live, commute, or work in an urban area (like Jacksonville, Miami, or Tampa), your rates will be higher, as accidents are more prevalent in densely-populated regions. However, other location-based factors are important, too, like adverse weather conditions and reports of vandalism. In Florida, areas closer to the coast are more likely to be adversely affected by hurricanes, which also causes rates to rise.
  • Age – Statistically, younger drivers get in more accidents. This means that the younger you are, the more you will need to pay in insurance premiums. The average age in Florida is 42, which is higher than the national average. While this would mean that average rates are lower, many residents in Florida are over the age of 65, and must pay higher more for their auto insurance.
  • Gender – Men are more likely than women to get in accidents, so your gender could impact your auto rates as well.
  • Marital Status – Typically, married couples take fewer risks than their single counterparts, and this holds true for driving. Married couples get in fewer accidents, and therefore pose a smaller risk for insurance providers.
  • Driving Experience – While this metric is similar to age, it is still slightly different. Usually, the older you are, the longer you have been driving, but that is not always true. Nonetheless, people who have held a driver’s license for longer are more experienced, and therefore pay lower premiums.
  • Driving Record – A driver’s record is one of the most important factors that insurance providers consider. If you have a history of frequent speeding tickets, DUIs, or other infractions, you will have to pay more. Florida is rated among the top-5 states when it comes to traffic incidents, which is one of the primary reasons that auto insurance rates are higher.
  • Claims Record – It is also important to consider how many claims you have made to insurance providers in the past (if any). At-fault claims will cause your premiums to rise, while not-at-fault collisions will generally have no impact on your rates.
  • Credit History – Your credit is a good indicator of how financially responsible you are, but the research also shows that people with low credit tend to file more claims, making them a greater risk for insurance providers.
  • Previous Insurance Coverage – If you have maintained auto insurance without any gaps, your new insurance provider will see this as a good sign. However, if you went for several years, months, or even days without any insurance, you will be seen as high-risk.
  • Vehicle Type – Certain cars are driven differently, which means that certain cars are more prone to accidents. Some cars are also more prone to theft or vandalism.
  • Use of Vehicle – When you exclusively use your vehicle for personal use, you are less likely to get in an accident. However, if you take long business trips or frequently drive for your work, you increase your chances of a collision. 
  • Annual Mileage – How much you drive directly impacts your chances of getting in an accident. No matter how you use your vehicle (personal or business use), if you put a lot of mileage on your car, you are more likely to file a claim with your insurance provider.
  • Number of Policies – Finally, the type of insurance you want/need will help determine your rates. The more policies you have (liability, comprehensive, uninsured motorist, etc.), the more you will need to pay.


Best Auto Insurance Rates in Florida  2019 (by Provider)

When looking at rates across the entire state, there are 7 major insurance providers that consistently provide low rates for good drivers. Additionally, there are several other companies that provide low rates in certain cities and counties, but do not consistently provide low rates statewide. In any case, let’s take a look at some of the lowest auto insurance rates available in the state of Florida:

ProviderAnnual RateMonthly Rate
Geico$812$68
State Farm$928$77
Liberty Mutual$970$81
Allstate$1,516$126
Progressive$1,655$138
Esurance$1,658$138
USAA* (only for active military/veterans/families)$340$28

 

It is important to note that the table above shows the average rates for the minimum coverage required by the state of Florida. For standard or “full coverage,” the rates are significantly higher:

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ProviderAnnual RateMonthly Rate
State Farm$1,914$159
Geico$2,102$175
Liberty Mutual$2,306$192
Esurance$2,662$222
Allstate$3,275$273
Progressive$3,726$310
USAA* (only for active military/veterans/families)$895$75

 

These are approximate rates based on statewide polling for 40 year old men and women with good driving records. Naturally, individual rates will vary. Additionally, providers like Travelers, MetLife, and the Florida Farm Bureau also provide low rates for certain areas. So, in order to get a better picture of auto insurance rates around the state, let’s look at how rates vary by city.

Cheapest Florida Auto Insurance Rates by City

Aside from your driving history, your location is one of the most important factors when calculating the cost of your auto insurance. Population, crime rates, weather conditions, and cost of living can all affect the amount you pay each year. Individuals who live and work in rural areas typically have the lowest rates, however the majority of Floridians live in urban or suburban areas, where rates tend to increase. So, let’s take a look at the top-5 largest cities in Florida and compare their respective auto insurance rates:

Jacksonville

The average annual cost of basic auto coverage in Jacksonville is $1,281. However, like with most large cities, these prices can vary by district or neighborhood. For example, those living in neighborhoods like San Marco and the downtown area will pay, on average, over $100 more per year than people in neighborhoods like Mandarin and South Jacksonville. Though the city generally lands in the top 25% of America’s safest drivers, it is not without several issues that contribute to higher auto insurance premiums. Poor roads cause additional wear and tear on vehicles, and the city has historically experienced issues with flooding during hurricane season.

Miami 

The average annual cost of basic auto coverage in Miami is $1,410. Premiums can vary by as much as $800 per year, depending on the specific neighborhood. People living in Little Haiti and Brickell tend to pay significantly less than Coral Way and Little Havana. That said, auto insurance is high across the entire city when compared to state and national averages. This is partly the result of the high rate of car accidents in Miami, as well as the city’s close proximity to the coast during hurricane season.

Tampa

The average annual cost of basic auto coverage in Miami is $1,340. The most expensive neighborhood is the downtown area, while New Tampa residents typically pay much less for their auto insurance. Much like other coastal Florida cities, Tampa faces higher rates due to potential damages caused by hurricanes. Additionally, Tampa generally ranks on the lower end of U.S. cities when it comes to safe drivers.

St. Petersburg

The average annual cost of basic auto coverage in St. Petersburg is $1,356. Residents in Big Bayou and Disston Heights tend to pay the most, averaging over $1,400 per year, while those living in Treasure Island pay average premiums of just $1,236. When compared to other cities in Florida and across the nation, St. Petersburg tends to have safe drivers and fewer traffic accidents. However, St. Petersburg lies just across the bay from Tampa, leaving it vulnerable to flood damage during hurricane season.

Orlando Complete Guide to Florida Auto Insurance

The average annual cost of basic auto coverage in Orlando is $1,387. Most people know Orlando for its theme parks and many family-friendly attractions, both of which bring in millions of tourists every year. As a result, traffic congestion and collisions are both major issues. And, while Orlando is not as susceptible to hurricane damage as other cities in Florida, its residents still face some risk of property damage every year.

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If you’d like to learn more about acquiring auto insurance in the state of Florida, consult the Florida Department of Highway Safety and Motor Vehicles website today!

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Johnny Jet Editorial