All insurance products are governed by the terms of the applicable insurance policy, and all related decisions (such as coverage approval, premiums, fees and charges) and policy obligations are the sole responsibility of the insurance insurer. While the minimum coverage policy is the most affordable option, it may not meet your individual needs sufficiently. Like most states, Florida requires drivers to have a minimum level of certain types of auto insurance coverage to drive legally. However, depending on your coverage needs, age, driving history and vehicle, you can find another car insurance company that is the cheapest.
According to NerdWallet analysis, these are the most populated zip codes in Jacksonville and the average annual cost of car insurance for a 35-year-old driver with good credit and a clean driving record. Given the high insurance prices, drivers may decide to purchase the minimum amount of coverage to save money. Insurers use a variety of factors to determine the cost of car insurance, such as your age, address, the type of car you drive and your driving history, which means that, ultimately, each driver will receive a different rate. A minimum car insurance policy is the lowest amount of coverage a driver must obtain to drive legally in the state.
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. Criteria such as age, driving history, credit history, the city in which you live, the coverage you choose and the type of vehicle you drive influence the amount of your car insurance in Florida. Car insurance costs in Jacksonville vary significantly depending on your driver profile, your background and, most importantly, your insurer. With different safety features, crash test scores, repair costs and other factors, the type of vehicle you drive will affect your car insurance rates in Florida.
To find the cheapest companies in Jacksonville, NerdWallet analyzed the average total coverage rates calculated from public statements obtained by price analysis firm Quadrant Information Services. No-fault insurance requires insurers to cover medical expenses regardless of who is at fault in an accident. If you get into a costly accident, damage to your car won't be covered by a minimum policy and you'll have to pay the costs out of pocket. As a young driver, the cost of your coverage plays an important role in whether or not you are insured with your own policy.