Posted by If you are searching for the best car insurance in Florida, you might want to consider well-known insurance companies that offer affordable coverage, discounts, and exclusive features to help you lower your insurance rate.
According to Florida state law, drivers should have a minimum liability insurance of $10,000 for personal injury protection. However, this doesn’t stop some individuals from hitting the road without auto insurance.
Florida is known to have more uninsured motorists than any other state. With this in mind, you may want to protect your car by purchasing auto insurance to cover it in the event of an accident. However, how do you find the best car insurer for you?
This can be a little difficult because several insurance companies offer the best-tailored car insurance and several add-ons that can be attached to your auto insurance. Not to fret; in this blog post, I will draft a list of some of the best insurance companies in Florida. There is also a tip on how to get a cheaper car insurance rate.
Best Car Insurance in Florida
Some of the best auto insurance in Florida is ranked by affordability, financial stability, and customer satisfaction. There are multiple insurance companies, and you can find the one that suits your needs based on the type of auto insurance policy they offer along with add-ons. Here are some of the best insurance companies in Florida:
Allstate
Allstate is one of the top car insurance companies in Florida, and they are the best for overall customer satisfaction based on the car insurance satisfaction study. Drivers with lower risk pay an average rate of $1,485 for minimum coverage, and for full coverage, policyholders can pay an average of $2,359 per year.
Drivers with higher risks can expect to pay between $3,452 and $4,884 per year. Although the premium for higher-risk drivers seems high, Allstate offers some exclusive rewards for safe driving. Here is a table below to show what Allstate car insurance covers:
| Property damage liability | $50,000 per accident |
| Uninsured/ underinsured motorist | $100,000 per person, $300,000 per accident |
| Collision (full cash value) | $1,000 deductible |
| Comprehensive (full cash value) | $1,000 deductible |
| Bodily injury liability | $100,000 per person, $30,000 per accident |
| Personal injury protection | $10,000 (basic) |
| Death indemnity | $10,000 |
The table above shows what Allstate auto insurance covers. If you aren’t satisfied with the coverage, there are other options for additional coverage that you can add to your insurance policy. Allstate provides the following add-ons:
- Medical coverage
- Personal umbrella policy
- Accident forgiveness
- Rental reimbursement
- Sound system insurance
- Roadside assistance
- Ride-for-hire insurance
To meet your needs, you can add that additional coverage to your insurance policy. There are also some ways that you can lower the cost of your insurance rate. Here are some ways you can save up:
- Discount: Teen driving, safety equipment, bundling policies, safe driving, a new car, and payment discounts
- Milewise App: You can get a lower premium depending on how much and how well you drive.
- Drivewise App: You can also get a discount on your auto insurance for driving safely.
Amica Mutual
This insurance company has been ranked the top car insurer in New England for eight years. Amica offers low-risk drivers an average insurance rate of $1,092 per year and a minimum of $1,440 for maximum coverage with Amica. High-risk drivers can pay between $4,827 and $6,036 per year.
Drivers with high risk should note that Amica’s mutual coverage option is above the state minimum liability requirement, and this also includes a rental reimbursement. In addition, Amica’s advantage points program enables its drivers to earn points that they can use to reduce their deductibles.
| Property damage liability | $50,000 per accident |
| Uninsured/ underinsured motorist | $100,000 per accident, $300,000 per accident |
| Collision | $1,000 deductible |
| Comprehensive | $1,000 deductible |
| Bodily injury liability | $100,000 per person, $300,000 per accident |
| Personal injury protection | $10,000 |
| Rental reimbursement | $20/$600 |
The table above shows what Amica auto insurance covers. If you aren’t satisfied with the coverage, there are other options for additional coverage that you can add to your insurance policy. Amica provides the following add-ons:
- Credit monitoring
- Medical payments
- Full glass coverage
- Auto/loan lease overage
- Uninsured motorist property damage
- Roadside assistance
To meet your needs, you can add that additional coverage to your policy insurance. There are also some ways that you can lower the cost of your insurance rate. Here are some ways you can save up:
- Amica Mutual Contractor Connect: This gives access to Amica’s mutual network of home remodeling contractors.
- Discounts: teen driver, loyalty, safe driving, payments discount, and bundling policies.
- Amica Mutual Car Connect: You can get quotes for car models that you want to buy.
- Accident forgiveness/good driving rewards: Earn some advantage points to lower your deductible.
Farmers
This insurance company rate for low-risk drivers in the state of Florida is between $1,001 for minimum coverage and $1,657 for maximum coverage. Meanwhile, high-risk drivers get to pay between $10,276 and $10,819 per year.
Although Farmers provides exclusive perks such as rental reimbursement, it still charges some of the highest premiums out of all other insurance companies. Farmers also offer several discounts for customers to reduce their premiums, such as senior driver discounts for people over the age of 55 and discounts for nurses, healthcare workers, and teachers.
| Property damage liability | $50,000 per accident |
| Collision | $1,000 deductible |
| Uninsured/underinsured motorist | $100,000 per person, $300,000 per accident |
| Comprehensive | $1,000 deductible |
| Bodily injury liability | $100,000 per person, $300,000 per accident |
| Personal injury protection | $10,000 (basic) |
| Medical expense coverage | $500 per person (for lower risk drivers) |
The table above shows what Farmer’s auto insurance covers. If you aren’t satisfied with the coverage, there are other options for additional coverage that you can add to your insurance policy. Farmers provides the following add-ons:
- Loss of use
- Accident forgiveness
- Loss of use
- Medical payment
- Rideshare insurance
- New car replacement
- Personal umbrella
- Towing and roadside service
- Original equipment manufacturer
- Customized equipment
- Glass deductible buyback ($100 deductible)
To meet your needs, you can add that additional coverage to your insurance policy. There are also some ways that you can lower the cost of your insurance rate.
Some ways you can save up
- Accident forgiveness: Accident forgiveness is available at an extra cost and applies to one car accident every three years.
- Discount: For insuring several vehicles, bundling policies, sharing a family vehicle, and being a good student or a student away from home.
- Signal App: You can save up to 15% on premiums for being a good driver.
- Classic and collector car insurance: You can add roadside assistance and up to $750 in spare parts coverage, along with a full windshield and coverage for safety glass.
GEICO
Geico’s minimum premium for low-risk drivers is $849, while high-risk drivers are expected to pay $5,311. This insurance company sells no-frills policies that cover just the basics at prices near the higher end of the spectrum. However, it provides a wide range of discounts to make its policies a lot more affordable, which includes savings opportunities for active-duty military veterans.
| Property damage liability | $50,000 per accident |
| Uninsured/underinsured motorist | $100,000 per person, $300,000 per accident |
| Collision | $1,000 deductible |
| Comprehensive | $1,000 deductible |
| Bodily injury liability | $100,000 per person, $300,000 per accident |
| PIP-insured and relative | $10,000 no deductible (lower risk- driver) |
| PIP-insured and relative | $10,000/$1,000 deductible (higher risk driver) |
The table above shows what Geico auto insurance covers. If you aren’t satisfied with the coverage, there are other options for additional coverage that you can add to your insurance policy. Farmers provides the following add-ons:
- Rental reimbursement
- Medical payment
- Emergency road service
- Uninsured motorist coverage
- Mechanical breakdown insurance
- Underinsured motorist coverage
- Personal injury protection
To meet your needs, you can add that additional coverage to your insurance policy. There are also some ways that you can lower the cost of your insurance rate. Here are some ways you can save up:
- Geico mobile app has an easy photo estimate feature and also includes access to insurance ID cards and 24/7 roadside assistance.
- Tools: Geico’s driving and safety tips blog; car-buying resources; a parking locator app; and a coverage calculator.
- DriveEasy App: You can also get a premium discount for driving safely.
Liberty Mutual
Liberty Mutual premiums for low-risk drivers range from $431 to $1,075 per year, while premiums for high-risk drivers range from $3,351 to $4,987 per year. To help customers select the right coverage limits and premiums, this insurance company’s official website provides an easy-to-use coverage calculator. While lower-risk drivers may benefit from Liberty Mutual’s competitive premium, this is not the case for drivers with high premiums.
| Property damage liability | $50,000 per accident |
| Uninsured/underinsured motorist bodily injury | $100,000 per person, $300,000 per accident, $25,000 per vehicle |
| Collision | $1,000 deductible |
| Comprehensive | $1,000 deductible |
| Bodily injury liability | $100,000 per person, $300,000 per accident |
| Personal injury protection | $10,000 |
The table above shows what Liberty Mutual auto insurance covers. If you aren’t satisfied with the coverage, there are other options for additional coverage that you can add to your insurance policy. Here are the add-ons that Liberty Mutual offers:
- Gap coverage
- New car replacement
- Medical payments
- Mexico car insurance
- Better car replacement
- Lifetime repair guarantee
- Original parts replacement
- Better car replacement
- Coverage for teachers
To meet your needs, you can add that additional coverage to your insurance policy. There are also some ways that you can lower the cost of your insurance rate. Here are some ways you can save up:
- Tools: Car buying blog and car insurance.
- Customers with Collision coverage pay a higher premium to lower their deductibles by $100 each year through the Liberty mutual deductible fund.
- Discounts: Discounts: Safe driving; online purchases; early shoppers; military; paperless policy discounts; alternative energy; and student discounts.
How Much Does Car insurance Cost in Florida?
In Florida, the average cost of auto insurance for a full coverage policy is $2,762 per year, and a minimum coverage cost is an average of $997 annually. Florida drivers pay a little more than the state average.
Furthermore, Florida is one of the states with the most expensive car insurance. If you want a personalized quote based on your ZIP code, demographics, and driving record, you can contact your company or agent.
Cheapest Car Insurance in Florida
Geico is the cheapest car insurance company, with an annual rate of $1,414 on average. They also offer some add-on coverage that you can add to your auto insurance policy. You can check out Geico’s official website to get a quote.
How Much is Minimum Coverage Car Insurance in Florida?
The average annual rate for minimum coverage auto insurance in Florida is $1,875. One of the cheapest car insurance companies is Geico, with an average of $1,051 annually.
| Company | Low coverage |
| Allstate | $2,493 |
| Geico | $1,051 |
| Nationwide | $1,532 |
| Directs general | $2,441 |
| Travelers | $1,633 |
| State Farm | $1,347 |
| Progressive | $2,252 |
The table above shows the minimum average for car insurance in Florida.
How to Get the Cheapest Car Insurance in Florida
There are several ways that you can save on your auto insurance in Florida with just a few simple steps, and they include:
Shop around: One of the best ways to make sure that you get cheap car insurance is to shop around and compare auto insurance from different companies. The insurance company’s price risk depends on certain guidelines, so the quotes that you get may be a little different based on your details, coverage types, and the insurance company. Another reason for you to shop around and compare quotes is to find a discount or opportunity that you qualify for.
Increase your deductible: This is what you pay out of your own pocket before the insurance company covers a percentage of your claim. On average, a deductible costs between $500 and $1,000. However, you can find some coverage options that don’t require a deductible. When you pay for a higher deductible, you assume more financial responsibility for a claim.
Improve your credit score: Several insurers make use of credit information to determine car insurance premiums. Research has shown that people with bad credit scores are more likely to get into accidents. You need to have a good credit score of 670.
Bundle and Save: Bundling your car insurance is a very easy way to reduce the cost of your premiums. Several insurance companies offer discounts if you bundle your home insurance and car insurance.
FAQs
Is Car Insurance Required in Florida?
Yes, it is. Drivers in Florida are expected to have a minimum amount of liability insurance before they are allowed to drive. They are required to have $10,000 of property damage liability coverage when they register their vehicle.
Does Credit Affect Car Insurance Premiums in Florida?
Yes, it does. The policyholder’s credit-based insurance score will affect how much is paid for car insurance in Florida unless you select a carrier that doesn’t utilize credit in its underwriting requirements.
Several carriers make use of credit as a rating factor. However, drivers with bad credit scores will pay higher premiums based on the fact that they have a higher statistical likelihood of filing a claim.