Drivers who live in Orlando pay nearly 10 percent less on average, while drivers in Miami pay about 9 percent more than the state average. While car insurance in Florida is usually quite expensive, some providers offer lower rates on average than others. If you live in this state, you should be proactive when comparing auto insurance quotes because car insurance rates in Florida are so expensive. Over the past six years, auto insurance rates in Florida have steadily increased according to the MoneyGeek ranking, which went from being the 43rd most affordable state in terms of coverage to 46th.
The high rates associated with this additional filing can contribute to car insurance rates in Florida being so expensive. The average cost of car insurance has increased across the country, and auto insurance rates in Florida follow the same pattern. While it's not part of the state's minimum insurance requirements, buying insurance for uninsured drivers is recommended. For example, combining your car insurance policy with your home insurance could allow you to get much lower rates than if you bought your policies from different companies.
We collect data on dozens of auto insurance providers to rate companies based on a wide range of ranking factors. Several weather hazards that usually occur in Florida, such as tornados and hurricanes, can damage your car to the point that your insurance company could declare it a total loss. According to a new study of coverage rates conducted by ValuePenguin, Florida is the second most expensive state in terms of the average cost of car insurance in the country. Florida auto insurance rates are high for several reasons, including state laws on no-fault auto insurance, exposure to risk due to extreme weather conditions, the average profile of drivers, and the number of uninsured drivers.
These visitors drive to higher-traffic roads, increasing auto insurance rates in Florida. Florida is a no-fault state, which means that regardless of who causes a car accident, each driver's insurance covers the medical expenses of them and their passengers. Comparing auto insurance quotes is the best way to find quality coverage and the most affordable rates that fit your Florida car insurance needs. The frequency of these cases is an important part of why car insurance in Florida is so expensive.
Several factors explain why car insurance in Florida is so expensive, such as busy roads, additional insurance requirements, high health care costs, uninsured driver rates, and the risk of adverse weather conditions.