Both companies offer car insurance rates with full coverage. Both companies offer full-coverage car insurance rates that are more than 30% cheaper than average. Your credit-based insurance score is another criterion for car insurance rates in Florida. Drivers with good credit generally pay the average, but having excellent credit could save about 16 percent.
Those with average credit pay about 13 percent more than the state average. However, if you have bad credit, you could have to pay a premium about 100 percent higher than the average cost of car insurance in Florida. Florida requires only very low amounts of coverage and uses a no-fault car insurance system. If you're injured in a car accident, you'll first file a claim under your own personal injury protection insurance (mandatory).
Some Florida cities have cheaper car insurance premiums than others because insurance companies take into account the driver's zip code when calculating their premium, as well as other factors. With assigned risk insurance, drivers who cannot be accepted are normally assigned to insurance companies that come together collectively to assume the risk of insuring them. Having a DUI costs about 63 percent more, while an accident could increase rates about 38 percent above the average cost of car insurance in Florida. Car insurance in Florida is expensive because it's a no-fault state with the highest percentage of uninsured drivers in the country.
Geico and State Farm are among the cheapest auto insurance companies in Florida, according to Bankrate analysis. You can also demonstrate your financial responsibility by maintaining minimal car insurance with no gaps in coverage. Florida drivers can find cheap car insurance “no deposit” or “no down payment”, but what it really means is that they only have to pay the first month's premium to get coverage. If you have a problem with your insurance company that you haven't been able to resolve, the insurance department may be able to help.
Some Florida insurance companies charge a little more for premiums from month to month, and they may also charge fees for processing payments. If you're in school and have good grades, such as a B average or better, ask about discounts on student car insurance. Florida drivers should expect to pay approximately that amount in advance each month to keep their auto insurance policy active. The exact amount that high-risk drivers in Florida pay for car insurance depends in part on why they are classified as high-risk.
In Florida, Geico rates are 69% cheaper than average for teens looking for minimum coverage insurance and 52% cheaper for car insurance with full coverage.