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. 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. What's interesting is that Allstate is actually the most expensive insurer of all types of policies in the state of Florida, but that customers are still satisfied with the products and services they get for their money. New or first-time drivers, regardless of their age, are considered as risky as young drivers in Florida and insurance premiums can be quoted.
If you have a new vehicle, you're likely to pay less for car insurance in Florida because most insurers consider newer vehicles to be low-risk. Because every driver is looking for something different, the best auto insurance company will be unique from person to person. The NerdWallet editorial team analyzed the rates of six Florida auto insurance companies, including the four largest, to find the average rates for various age groups, driving histories, credit histories and by company. Since comprehensive, collision, and liability coverages are generally included in a full-coverage insurance policy, their cost is much higher than the state's minimum insurance policy.
Like most states, Florida requires drivers to have a minimum level of certain types of auto insurance coverage to drive legally. Your zip code influences the premium you'll pay for car insurance because the frequency of accidents and crime rates vary by city. Florida drivers pay, on average, more than 30% more in auto insurance premiums than the national average. If you lease or finance a new vehicle, you're likely to pay more in premiums because of the additional coverages, such as collision insurance, that the landlord may require in your car insurance policy.
That said, insurers take a high risk in insuring Floridians because the risk of a claim is higher in the state, which is reflected in the cost of car insurance in Florida. Drivers looking for the most affordable car insurance rates in Florida must first understand how several factors affect premiums. The cost of car insurance in Florida depends on many factors, such as population density and the number of uninsured drivers in the state.