That's 56.5% higher than the national average. Of course, the cost of your car insurance will depend on many different factors, including your age, where you live, and your driving history. Yes, Florida requires all drivers operating motor vehicles in the state to have auto insurance. Drivers in Sunshine State must carry proof of insurance with them whenever they drive.
If you are involved in a car accident or are stopped by the authorities, you will need to show your proof of insurance to law enforcement. According to our research method, the companies that sell the best car insurance in Florida include State Farm, Geico, Progressive and Allstate. These companies offer impressive coverage options and solid lists of discounts. We then delve into these companies to help you decide if one is right for you.
While Progressive has the highest average total coverage premium on our list, your benefits may outweigh the cost. The company offers numerous digital tools that could make finding the best car insurance in Florida faster and easier. Its Name Your Price tool completes coverage options based on your budget, and you can even compare rates from different companies directly from the Progressive website. The national airline also offers its Snapshot telematics program, which gives customers the opportunity to save on premiums based on their driving habits.
Allstate offers a wide range of standard auto insurance coverage options, an exceptional web presence, and plenty of ways policyholders can save on their premiums. Allstate insured drivers can save by digitally managing their policy, installing safety equipment and adopting safe driving habits to benefit from the company's exclusive Safe Driving Bonus. However, the carrier has the second highest premium on our list, so it may not be the best option for consumers on a tight budget. Geico and State Farm Offer Affordable Minimum and Total Coverage in Florida, Based on Average Premium Data.
However, keep in mind that the cheapest car insurance company will vary based on your individual rating factors. The cheapest coverage for you may come from another company that is not listed here. Getting quotes from a handful of companies and comparing prices could help you get a cheaper rate. Keep in mind that the cheapest coverage isn't always the best coverage, so make sure you're properly insured to protect yourself from high out-of-pocket costs if you're involved in an accident.
While serious incidents, such as car accidents, cannot be planned ahead of time, purchasing additional coverage in advance, including optional comprehensive and collision coverage, as well as coverage for uninsured and underinsured motorists, could help minimize financial losses unexpected. In fact, having some level of auto insurance is the law in every state except two (Virginia and New Hampshire). Since the state is a no-fault state, your insurance company can cover expenses related to damage caused by anyone driving your car and any medical expenses you may incur. That means drivers can recover the diminished value of the at-fault driver in an accident or from their insurance company.
If you maintain the insurance company, they can change your coverage to your current state of residence when you make the change of registration. In the event that you are arrested or in a car accident, law enforcement will ask you to show this proof. Florida is a no-fault state, meaning that regardless of who is responsible for an accident, each person involved is responsible for filing a claim with their own insurer to cover their medical expenses. This protects you if you are in a car accident in which people are injured or killed due to their negligence.
Section 324.171 of the Florida Statutes describes the financial requirements for the department to issue a certificate to qualified individuals or other entities specified as self-insurers. In fact, Florida is the third most expensive state in the country for full-coverage auto insurance, according to Bankrate analysis. MoneyGeek also ranked the best car insurance companies in Florida for those who want solid service and affordable rates. Regardless of your initial premium quote, insurance discounts could help you get cheaper car insurance.
You can also consider deficit insurance, designed to pay the difference between the value of your loan and the actual cash value of the vehicle if your new car is stolen or completely stolen. . .