The average cost of auto insurance in Florida is 13% higher than the national average auto insurance premium, and Florida ranks 36th out of 50 for the most affordable auto insurance rates in the U.S. UU. There are several factors that affect how much you will pay for car insurance in Florida, including your driving history, age,. The best car insurance company in Florida will be different for each driver, and the best company for you will likely depend on numerous factors, such as the type of coverage you need, the vehicle you drive, your driving history, and any discounts you qualify for.
To help you select the best car insurance package for your needs, MoneyGeek answered the most frequently asked questions about the best and cheapest car insurance providers in Florida. There is no “SR-22” insurance; instead, an SR-22 is a form that certifies that you have current auto insurance coverage under Florida law. Florida is a no-fault state, meaning that insurers are required to provide coverage to drivers, regardless of who is at fault in an accident. Keep reading to see the cheapest car insurance in Florida by age and driving history, plus state-mandated minimum requirements.
Paying for car insurance may seem like a drag, but if you're one of the nearly half a million drivers involved in an accident every year, having insurance could save your financial life. For example, combining your car insurance policy with your homeowners insurance could allow you to get much lower rates than you would if you purchased your policies from different companies. The Florida Electric Car Claim Satisfaction Study, State Farm, provides the cheapest estimates for several different driver profiles. For more help finding cheap car insurance in Florida, try NerdWallet's car insurance comparison tool.
Drivers with low credit scores in Florida pay more expensive premiums than those with high credit scores. To qualify for this discount, you must agree to have your carrier monitor your driving habits with a device in your vehicle. Florida is one of many states where insurers can use their credit rating as a determining factor in their rates. You may see your auto insurance quotes increase as you age because insurance companies find that some older drivers are more likely to have accidents as their driving skills decline.
State Farm and Geico offer the cheapest full coverage auto insurance to drivers who have been in an accident. Your teen can help maintain cheap car insurance rates by keeping a clean driving record and avoiding accidents and traffic violations.