Full-coverage car insurance policies are the most expensive, but they provide much more protection, since they cover your own vehicles against accidents, thefts, natural disasters, and collisions with animals. If you're new to the state looking for car insurance coverage, or if you've lived in Florida for years and want to know how much car insurance costs in Florida, you can find the information you need here. Collision insurance covers damage to your vehicle due to an accident that you cause, while comprehensive coverage protects your car against damage caused by natural disasters, thefts and acts of vandalism. The cheapest car insurance companies in Florida are Geico, State Farm and Travelers, and getting quotes from several companies can help you find the best deal.
Cars that are considered more expensive to repair, such as luxury cars and electric vehicles, can make their rates higher than those that may cost less to repair. The average cost of car insurance in Florida is 85% higher than the national average auto insurance premium. If you have an accident while driving without insurance in Florida, you will be penalized for driving without insurance no matter who is at fault. There are several factors that affect how much you'll pay for car insurance in Florida, such as your driving history, age and location, the amount of coverage you buy, and the insurance company you buy it from.
The consequences of driving without insurance are ultimately more costly than buying minimal car insurance coverage. 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. Similarly, if you get a speeding ticket in Florida, you're likely to see an increase of up to 24% in what you pay for car insurance when you renew your policy. In Florida, high-risk drivers pay more for car insurance than other drivers because they are considered to be at higher risk.
While car insurance in Florida is usually quite expensive, some providers offer lower rates on average than others. Although it is usually less expensive than a full coverage plan, liability insurance does not protect against an accident or theft of the insured vehicle.
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