Best car insurance companies in Florida
Fact-checked with HomeInsurance.com
If you’re thinking of moving to Florida or are already living in the Sunshine State, finding the best car insurance companies available is a top priority for drivers. Florida is among the 10 most expensive states in the country to insure your car. Residents of this state pay an average of $2,857 annually for car insurance, whereas the nationwide average is only $1,555. Contributing factors to the high car insurance rates in Florida include the following:
- 26.7% of drivers in the state are uninsured.
- The state is at a high risk of hurricanes and storm surges.
- In 2018, Florida had 403,626 total crashes, averaging out to 1,106 accidents a day
- Florida had 17,392,281 licensed drivers in 2018
Along with these factors, your driving history plays a huge role in what you’ll pay for car insurance rates, especially in Florida. The table below shows how much car insurance costs on average in Florida with a clean driving record, with one speeding ticket or with one accident on your record:
|Clean record||1 speeding ticket||1 accident|
Driving record impact on Florida car insurance rates
Insurance companies factor your rates by examining your risk profile. If you have a speeding ticket on your driving record, it could raise your premium significantly because it shows insurance providers you engage in riskier driving behaviors. It also indicates you are at higher risk of being involved in an accident.
On that subject, an at-fault accident has the highest impact overall on your insurance premiums because your risk profile increases significantly. Just one accident can raise Florida drivers’ rates $793 on average for full coverage and $460 if you have minimum coverage.
Best car insurance companies in Florida
To assist you in finding cheap car insurance companies in Florida, we have compiled a list of top providers based on factors such as rates, discounts, coverage options and customer experience:
- Allstate: Best for tech savvy users
- Geico: Best for military discounts
- Direct Auto: Best for at-risk drivers (those with DUIs or multiple tickets)
- MetLife: Best for bundling policies
- Progressive: Best for introductory discounts
- State Farm: Best for affordability
|Company||J.D. Power Score/5||AM Best||Discounts offered||Average annual rate|
|Allstate||3/5||A+ (Superior)||Safe driving, smart student, early signing||$2,466|
|GEICO||4/5||A++ (Superior)||Emergency deployment, military||$2,383|
|Direct Auto||N/A||A- (Excellent)||Senior citizen, policy renewal||$3,241|
|MetLife||2/5||A+ (Excellent)||Bundling with other policies, claim-free||$2,914|
|Progressive||2/5||A+ (Superior)||Snapshot, sign online||$2,547|
|State Farm||4/5||A++ (Superior)||Steer clear, drive safe||$2,179|
Allstate: Best for Tech Savvy
With Allstate’s intuitive app, managing your car insurance policy and filing claims is made easy. You can also obtain quotes for a policy on the Allstate website, and signing up early will net an early signup discount, which is rare among providers.
GEICO: Best for Military Discounts
If you’re looking to save money, GEICO is a great car insurance company in Florida to consider. Offering some of the best prices statewide, and with generous discounts for both military and emergency deployment, GEICO is a smart choice for all drivers — especially those in the armed forces.
Direct Auto: Best for High-Risk Drivers
Direct Auto specializes in helping drivers with negative driving records (multiple tickets, DUIs) gain the coverage they need. Rates aren’t as affordable, but Direct Auto does offer some discounts to help offset the higher cost. And if you choose to renew your Direct Auto policy, an additional discount applies.
MetLife: Best for Bundling Policies
MetLife’s strengths are in its coverage offerings, which include comprehensive coverage options for auto, as well as home and life insurance. The provider also grants discounts for every year you don’t file a claim. MetLife’s claims satisfaction is about average among other providers in Florida, but its sound financial strength and good coverage options makes it an appealing choice to consider.
Progressive: Best for Introductory Discounts
Progressive’s discounts help compensate for the overall costs of their premiums, placing them right in line with some of the most affordable options in the state. Progressive makes it easy to sign up for a policy online and provides a discount for doing so. There’s also potential to save even more by signing up for Snapshot, or using the Name Your Price® tool, which are signature features of Progressive.
State Farm: Best for Affordability
State Farm is the cheapest car insurance provider in Florida based on average rates. Along with offering affordable rates, the provider also scores favorably in earning customers’ satisfaction. If you’re a younger driver (under 25 years of age) you may be able to take advantage of the Steer Clear discount, which can provide up to 15% savings on your premium by being claim-free for at least three years.
Car insurance in Florida by city
Which city in Florida you live also plays a role in how much you’ll pay for car insurance. As the table below indicates, each major city reflects varied average premiums:
|City||Full coverage annual rate||Minimum coverage annual rate|
Jacksonville is one of the more affordable cities in Florida, with the average annual cost of full coverage auto insurance being $2,393. Factors influencing costs in this city include a 2.1% decrease in accidents between 2017 and 2018, according to the latest findings from the Florida Highway Safety and Motor Vehicle (FHSMV) report. Jacksonville also doesn’t have as many residents as cities like Miami and Tampa, translating in a lower risk of claims overall.
Not surprisingly, Miami is the most expensive city to insure a car in Florida. Miami residents pay in excess of $3,400 annually for car insurance, on average. The area is home to the most car thefts of anywhere in Florida, with over 20,000 thefts in the greater Miami area, according to data from the National Insurance Crime Bureau.
Orlando is currently one of the more affordable Florida cities for insuring your automobile. However, that could change, as the city is home to I-4 — an interstate that has earned the designation of being one of the most dangerous interstates in the country. Accidents in Orlando are increasing, which may affect rates. In 2018, the city had nearly 32,000 accidents, which the FHSMV reported was a 2.94% increase from the prior year.
Tampa is the second most expensive city for car insurance. The FHSMV report indicated incidents of car accidents increased by 4% in 2018, contributing to the higher costs. It’s also among the more active cities in terms of auto theft; Tampa had 1,827 car thefts in 2018 alone.
The state’s capital is the most affordable city for car insurance in Florida. By comparison, the average annual premium in Tallahassee is $1,239 cheaper than what Miami drivers pay. Keep in mind that Tallahassee car accidents are on the rise, which could affect your rates. In 2018, the metro saw an increase in accidents by 3.81%, according to the FHSMV.
Florida car insurance considerations
Florida has many fluctuating risk factors to take into account when choosing car insurance. The Sunshine state ranks number one nationally in storm surge risk, according to the Insurance Information Institute. Along with hurricanes, Florida has many uninsured drivers and if you live near Tampa or Miami, you’ll face a higher risk of vehicle theft as well.
Given all of these risks and the potential for each to vary in a given year, it’s imperative to compare quotes by provider to get the best rate for the coverage you need. Additionally, it’s necessary to consider what coverages are required by law. Here’s a look at the minimum coverage you must carry.
Florida minimum liability requirements
Florida works differently than other states in the requirements it imposes. For minimum coverage, you’ll need personal injury protection (PIP) and personal damage liability (PDL). PIP provides medical payments and covers other items like lost wages in the event of an accident. PDL provides coverage for damage done to property during a collision. The minimum limits for both are:
- $10,000 for PIP
- $10,000 for PDL
Florida no-fault car insurance law
Florida is also unique in that it’s technically a no-fault state. This means that when you’re in an accident with another motorist, you both cover your own expenses for the collision. However, this doesn’t prevent anyone involved in the accident from filing a lawsuit. This can often occur if the damages far exceed the coverage amount, or if there are other circumstances at play, such as negligence.
Because of the no-fault policy and the other risk factors involved with living in Florida, it’s a good idea to consider additional coverage options to ensure more financial protection if an accident occurs.
Florida financial responsibility law: SR-22 and FR-44
If you have had your license suspended, you are required to have an SR-22 to reinstate your license. The SR-22 is a document issued by your insurance provider stating you have a policy with both bodily injury liability and PDL. Alternatively, Florida might require you to provide an FR-44 instead. This is also a document from your insurance company verifying you have insurance. However, with the FR-44, you’re typically required to have higher coverage amounts than the state minimum.
How we chose the best car insurance providers in Florida
To find the best car insurance companies in Florida, we took into account pricing, the provider’s financial strength (indicated by AM Best ratings), discounts offered and how satisfied customers were with their claims experience. Rates were compared based on the following methodology.
Coverage Utilizes Quadrant Information Services to analyse quoted rates from thousands of zip codes across all 50 states, using the top 15 carriers by premiums written by state. Quoted rates are based around the profiles of a 30 year male with a clean driving record, good credit and the following full coverage details:
- $100k bodily injury liability per person
- $300k bodily injury liability coverage per crash
- $100k property damage liability coverage per crash
- $500 collision coverage deductible
- $500 comprehensive coverage deductible
Minimum coverages were applied to match state requirements. Both drivers used a new, financed 2018 Toyota Camry, commuting 5 days a week and driving 12,000 miles per year.