Best Car Insurance in Florida
The greatest or best car insurance in Florida is crucial, and no matter where you reside in Florida, from the Panhandle up north to the Florida Keys, and all the way down the Gulf and Atlantic coasts.
In Florida, there are almost 18 million drivers, with slightly over 31% of them being 60 or older.
Drivers in Florida have a variety of auto insurance alternatives. According to Bankrate’s comprehensive research, Geico and State Farm are among the top auto insurance providers in Florida.
According to Bankrate’s 2021 research of quoted yearly premiums, the average cost of full coverage auto insurance in Florida is $2,364 per year.
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Overview
The Best Car Insurance In Florida utilize a variety of factors to calculate premiums, including age.
They may also take into account the driver’s gender, yearly miles, amount of coverage, credit history, driving record, and location when determining rates.
We go deeper into how these characteristics impact the cost of insurance using data from our study. We conducted a study of some of the major auto insurance providers and compared the rates depending on these variables.
| Provider | Bankrate Score | Average annual full coverage premium | J.D. Power customer satisfaction score (Florida region) |
|---|---|---|---|
| Geico | 4.6 | $2,085 | 823/1,000 |
| State Farm | 4.4 | $1,739 | 848/1,000 |
| Progressive | 4.1 | $2,573 | 822/1,000 |
| Allstate | 3.6 | $2,441 | 846/1,000 |
Best Car Insurance In Florida: Cheapest Car Insurance Companies
- Geico: $1,383
- State Farm: $1,438
- Travelers: $1,945
- Nationwide: $2,121
- Progressive: $2,375
- Farmers: $2,568
- Allstate: $3,043
The rates presented here are based on a study conducted on behalf of U.S. News by Quadrant Information Services. Using particular driver characteristics, the research looked at rates from the biggest auto insurance firms in the United States. Your prices will vary.
In Florida, how much does car insurance cost?
The cost of vehicle insurance in Florida is approximately 61 percent more than the national average.
In our analysis, Geico has the lowest average premium, which is roughly 35% cheaper than the average cost in Florida. State Farm isn’t far behind, with an average rate that’s around 32% less than the state average.
The average cost of auto insurance in Florida is $2,125 per year. In Florida, the average prices for the vehicle insurance providers we examined ranged from $1,383 to $3,043.
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Geico
Geico might be a good alternative if you want excellent digital assets, lower-than-average rates, and a broad list of discounts.
Being a government employee, current or retired military member, or a student with high grades can all help you save money on your insurance.
In the 2021 J.D. Power U.S. Insurance Digital Experience Study, Geico’s mobile app received excellent marks for customer service.
State Farm Insurance
Younger drivers and students may save money by completing defensive driving classes and being excellent students, according to State Farm.
In the 2021 J.D. Power Auto Insurance Study for Florida, State Farm got the highest official customer satisfaction rating.
State Farm offers representatives all across Florida, so if you prefer to handle your insurance requirements in person, it could be a good fit.
Progressive
Despite the fact that Progressive is not the cheapest auto insurance provider on the list based on average rates, its advantages may offset the higher price.
The firm provides a number of digital tools that may help you find the finest auto insurance in Florida more quickly and easily.
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Allstate
Allstate provides a large selection of basic vehicle insurance coverage options, as well as an outstanding website full of tools and valuable information for both members and non-members, as well as a number of simple and practical methods for members to save money on their rates.
Allstate policyholders can save money by managing their policies online, installing safety equipment, and practicing safe driving practices in order to join the company’s safe driving club.
Nationwide
Nationwide customers pay roughly 3% less than the national average for car insurance. According to our research, Nationwide is one of the best options for customer service and claims management.
Nationwide is ranked fourth among the nine major insurers in the United States, ahead of Allstate, Travelers, Progressive, American Family, and Farmers.
Geico and State Farm are ahead of Nationwide, with USAA leading the pack, despite the fact that USAA only insures people with military ties. In our poll, Nationwide received 4.06 out of a possible five points for its overall grade.
Nationwide is the second-best insurance for claims handling and the third-best insurer for customer service, according to our poll.
Costs of Car Insurance on a National Scale
When compared to the nine national carriers in our survey, Nationwide is in the middle when it comes to average auto insurance rates, however young drivers under the age of 25 pay a higher premium than the national average.
Nationwide is an excellent option for drivers with bad credit, but drivers with solid driving histories will have the most chance with Nationwide prices.
According to our research, drivers spend an average of $1,284 for Nationwide coverage. This figure is around 3% lower than the national average of $1,320.
When compared to competitors, Allstate has among of the highest average insurance premiums, costing 39 percent more than Nationwide.
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Best Car Insurance In Florida: The cost of automobile insurance in Florida is on the rise
In Florida, car insurance costs on average $1,101 per year for minimal coverage and $2,364 per year for comprehensive coverage.
When compared to the national average, Florida drivers pay about $700 more for coverage than drivers in the rest of the country, with an average full coverage premium of $1,674 per year.
The increase in premiums might be attributable in part to Florida’s coastline position, which makes it more vulnerable to severe weather like tropical storms, hurricanes, and tornadoes.
Uninsured drivers are also prevalent in Florida. With 20.4 percent of drivers driving without insurance, it is ranked sixth in the country.
The state’s congested highways, which are clogged with visitors, may increase the probability of an accident, raising insurance rates.
Best Car Insurance In Florida: Florida’s minimum insurance requirements
Because Florida is a no-fault state, each person involved in an accident is responsible for submitting a claim with their own insurance to cover their medical bills, regardless of who is at blame.
In order to safeguard the state’s large number of drivers and passengers on the road, Florida has minimum insurance coverage requirements. The state’s minimum coverage requirements include:
$10,000 in personal injury protection (PIP) to cover you in the event of an accident, regardless of responsibility. PIP is often known as Florida no-fault insurance because of this.
$10,000 in property damage liability (PDL) to cover damage to other people’s property.
In Florida, bodily injury liability insurance is not strictly needed.
The state does, however, have a “financial responsibility legislation,” which requires you to provide proof of your capacity to pay for any damages you cause in an accident.
Although there are other options for complying with this regulation, such as posting a bond, most drivers choose to acquire a coverage that includes bodily harm liability.
The minimal bodily injury liability limit, if you elect to obtain automobile insurance to meet this need, is:
- Liability for physical harm of $10,000 per person
- Liability for physical harm of $20,000 per accident
Although Florida’s minimum mandated insurance coverage helps to keep the state’s already expensive rates in check, drivers may face greater out-of-pocket costs if they are involved in a more catastrophic accident with injuries or damages that surpass the minimum levels.
While catastrophic events like vehicle accidents cannot be predicted, obtaining additional coverages ahead of time, like as collision and comprehensive coverage, can help mitigate unexpected losses.
There are a few more local auto insurance firms in Florida to think about.
While the companies listed above are some of the most well-known in Florida, there are additional vehicle insurance companies to choose.
The Sunshine State is home to a slew of smaller insurance firms. Because they have fewer workers and spend less on marketing and promotion, smaller businesses are likely to have lower overhead expenses.
As a result, they may be able to provide you with reduced rates. Smaller businesses may also place a greater emphasis on individualized customer care.
Smaller businesses, on the other hand, may be less financially solid than bigger businesses.
This implies that if a large number of claims are submitted, such as extensive car damage following a hurricane, the company’s financial resources may be exhausted.
You may also be unable to use technologies such as internet portals or a personal computer.
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