Finding the cheapest car insurance in Florida can be difficult. But you have the WalletHub community of experts on your side. Other consumers have a wealth of knowledge to share, and we encourage everyone to do so in accordance with our content guidelines. The average cost of car insurance in Florida is 85% higher than the national average auto insurance premium.
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. Average cost of car insurance in Florida by category Average cost of car insurance in Florida by company Average cost of car insurance in Florida by age The biggest drawback of paying for car insurance on a monthly basis is that it is almost always more expensive than paying in full for six or 12 months of coverage up front. Some Florida insurance companies charge a little more for premiums from month to month, and they may also charge fees for processing payments. Most car insurance companies also offer discounts to customers who pay in advance.
Some Florida cities have cheaper car insurance premiums than others because insurance companies consider the driver's zip code when calculating their premium, as well as other factors. For example, drivers who live in dense urban areas tend to pay more for coverage than drivers in rural areas because they are more likely to have an accident. And if an area has a particularly high theft rate, car insurance can be more expensive because of the risk of vehicles being stolen. For more information, see WalletHub's guide to the cheapest car insurance in Florida.
If traditional insurers have denied you coverage, check out Florida's assigned risk program. 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. It's a last resort, and you'll have to show that you've tried to get insurance several times and haven't succeeded in order to meet the requirements. In general, the easiest way to make sure you get the cheapest full-coverage car insurance possible is to compare quotes from several companies and take advantage of all the discounts you qualify for.
The cheapest full-coverage car insurance in Florida Full-coverage car insurance in Florida costs an average of 189% more than minimum coverage policies because full-coverage policies generally consist of comprehensive and collision insurance, as well as any coverage required by state law. For more information, check out WalletHub's selections to find the cheapest full-coverage car insurance across the country. In Florida, drivers without credit pay 84 percent more in premiums than drivers with excellent credit. You can also prove your financial responsibility by maintaining minimal car insurance with no gaps in coverage.
Letting your coverage expire could result in a higher rate when you take out your next policy. If you lease or finance your car, you may need to have types of coverage that aren't required under Florida law. Lenders often require comprehensive and collision insurance. Collision insurance covers repairs to your car when you crash into another car or object.
If the damage to your vehicle was caused by something other than a collision, such as a natural disaster, acts of vandalism, falling objects or animals, it will most likely be covered by comprehensive insurance. Lenders may also require temporary insurance, which covers the difference between what you owe for your loan or lease and what the vehicle was worth if it was stolen or destroyed. Even if you're not required to have these types of optional coverage, you may still need them. You can learn more about when to cancel optional coverage and penalties for driving without insurance in Florida to make sure you're paying for the coverage you need.
The population and uninsured motorists are the two main reasons for variations in policy costs from state to state. After all, fewer people means fewer drivers on the road, which means fewer accidents. In addition, a low percentage of uninsured motorists means that more people on the road are driving responsibly. It also means that insurance companies face fewer claims from their own customers who have been hit by uninsured motorists.
Both the low population and the low number of uninsured motorists keep claims and premiums low. In addition to the population and the number of uninsured drivers, other factors affecting car insurance costs include state laws, crime rates, and special weather hazards. State laws govern how much insurance coverage drivers must have, and no-fault laws affect insurers' risks. Crime rates mainly affect comprehensive coverage, which covers losses caused by robbery or violence.
Weather hazards, such as hurricanes, hail or snowstorms, cause more breakdowns and accidents. 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. There are several unique reasons why car insurance is also increasing every year in Florida, even if your details remain the same. In Florida, auto insurance companies may consider factors such as employment, residence status, and marital status when setting premiums.
In addition to drivers' individual needs and history, location-specific factors, such as personal injury protection coverage requirements and the percentage of uninsured motorists, also contribute to car insurance rates in Port St. Compare car insurance quotes regularly to ensure you have a policy that meets your needs and saves you money. Car insurance in Florida is expensive because it's a no-fault state with the highest percentage of uninsured drivers in the country. The best way to get cheaper car insurance rates, even with a driving violation, is to improve your record.
You can get discounts on auto insurance in Florida depending on how you drive, the car you own, and your relationship with your insurance company. Car insurance is a necessary expense if you drive, but trying to find the cheapest rates can be a slow process. State Farm policies can be improved with roadside assistance, rental vehicle reimbursement, and rideshare insurance. Your location also affects the cost of your car insurance due to the different levels of car thefts, accidents, and uninsured drivers in your area.
The cheapest states for car insurance are Iowa, Vermont and Nebraska, according to the WalletHub cheap car insurance study. .