If you're looking for an average cost of car insurance near you, our guide to buying car insurance in Florida will help you. We provide you with all the information you need to make an informed decision about how much coverage you should buy and how much it will cost you. You'll learn how car insurance works to protect yourself and your family while driving around Florida. Car insurance in Florida has some unique qualities compared to insurance in other states, and we'll help you understand it all.
Here we provide state requirements for car insurance in Florida, our recommendations for what coverage you should buy, and insurance laws that are specific to the sunshine state. In addition, you can see the average cost of insurance in Florida for almost every zip code in the state. Enter a zip code in the tool below to see the average premium for the location. You'll also see the highest and lowest rates from the top six companies surveyed.
You can get a more personalized rate by choosing between six age groups and three levels of coverage. This way, you can tell if your quotes are too high and if you should keep buying a lower rate. Enter a zip code in the tool above to see the average premium for the location. You'll also see the highest and lowest rates from up to six of the top carriers surveyed.
USAA and Geico have the cheapest car insurance in Florida among the insurers surveyed in our experts' analysis of rate data for almost every zip code in the state. Geico General Has the Cheapest Car Insurance, According to Our Expert Analysis of Six Top Companies, for Young Drivers in Florida. Enter an age of 18 to 25 to see who has the best rates for young drivers in Florida, by company, when purchasing a full coverage policy. In the table below, you'll see which auto insurance companies have the lowest rates for young drivers who purchase a full coverage policy.
Data for average car insurance rates by age shows that drivers tend to pay higher rates until age 26, when rates begin to drop as drivers gain more experience on the road. But even young drivers can save money by comparing car insurance rates to see which company has the lowest rates, qualify for student discounts, and stay on their parent's policy as long as possible. Geico General also ranks as the cheapest for more mature drivers in Florida. Below you can see the average rates by company, from least to most expensive, for drivers 65 and older who purchase a full coverage policy.
In addition to comparing car insurance companies, mature drivers may qualify for a senior discount, which can also reduce costs. You will see in the table below how much it costs, on average, to add a teen driver in Florida and how the top insurers compare the price. Geico Had Lowest Auto Insurance Cost for Adding a 16-Year-Old Driver to a Full Coverage Family Policy Among Insurers Surveyed. Buying the limits required by the state to drive legally, or the state minimum, is definitely the cheapest way to do it.
But if you opt for the cheapest car insurance in Florida, you're only covered for damage you cause to other drivers' cars and other drivers' injuries. That means your insurance company won't pay for damage to your car or for your injuries if you cause an accident. Even so, buying only the minimum required coverage is a good idea if you have an old car or don't drive much. The most effective way to find affordable car insurance in Florida is to compare auto insurance quotes from several insurance companies.
Insurance companies use your age, driving history, the model of car you have, the severity and frequency of claims in your neighborhood, and other variables to estimate the cost of your policy. That's why the price of the same coverage can vary significantly between insurance companies and that's why you should compare the rates. You can get car insurance quotes in Florida online by researching multiple insurance companies. Once you provide the information, you will usually receive a quote which, in many cases, is an estimate of what you will pay.
Usually, you won't receive the actual rate until you set up a policy. If the difference between the quote and your rate is significant, you can choose not to buy the policy, although the estimate will usually be quite accurate. Once you are ready to purchase a policy, you will surely need to have specific useful information, such as your driver's license number, VIN, etc. Unlike many other states, Florida requires personal injury protection (PIP), which adds costs even to basic policies.
Approximately 20 percent of an auto insurance premium goes to PIP coverage. Keep in mind that damage to your car is not covered by PIP. That's why you'll have to pay the at-fault driver's property damage liability coverage. Or, if you purchased optional collision coverage, it would cover damage to your own vehicle.
You can certainly drive only with the minimum coverage required by the state. But we strongly recommend that you also purchase bodily injury liability coverage. This pays, up to the limits of your policy, for injuries that others receive in an accident caused by you or other drivers included in your policy. Although the state does not require it, many auto insurance companies require it as part of any policy they issue in Florida.
Florida operates under a no-fault auto insurance system. This means that after an accident, every driver files a claim with their own insurance company, regardless of who is at fault. This differs from most states where drivers injured in a car accident caused by another driver will receive reimbursement from the at-fault motorist's insurance company. This stems from the at-fault driver filing a bodily injury liability claim to pay for the injured driver's medical expenses.
Under Florida's no-fault laws, all drivers involved in an accident first file injury claims under their own PIP coverage. However, payments are limited to 80% of costs. If the injuries from the accident meet the criteria of being “serious” under Florida law, the bodily injury liability of the at-fault driver pays the additional costs. That's why it's wise to have bodily injury liability coverage, even if it's not necessary for Florida drivers.
Generally, drivers who need a non-homeowners policy are required by the state to have auto insurance coverage, but they don't own a car. In other cases, drivers who don't own a vehicle, but want coverage for when they drive a rental or other vehicle, buy non-owner policies. Florida law says drivers 55 and older get a 10% discount on their rates if they pass a state-approved driving course. The discounted rate applies to the liability (bodily injury and property damage), personal injury protection and collision parts of your policy.
You will get the discounted rates for three years if you don't cause an accident and you don't have traffic violations on your record. In an effort to get drivers to repair broken or damaged windshields, Florida state law says their comprehensive coverage deductible doesn't apply to windshield damage. If a vehicle is in Florida for more than 90 days during a 365-day period (days don't have to be consecutive), it must purchase personal injury protection and property damage liability limits. You must obtain at least the state minimum limits.
See Snowbird Car Insurance for more information. Florida leads the nation in the percentage of uninsured drivers on the highway: 26.7% So it's wise to have uninsured motorist coverage. Help pay for damages when you have an accident with an uninsured driver. Drivers over the age of 80 must renew their license every six years, compared to every eight years for younger drivers.
In addition, people 80 years of age or older must pass an eye exam with each renewal. Florida also allows confidential reporting of a potentially unsafe driver by anyone: doctor, police, family member or bystander. Officials may ask such drivers to submit medical reports from their doctor or have them tested at a driver's license office. Your insurer will file the form with your state's department of motor vehicles.
However, please note that not all insurers will process FR-44 forms. To save money, drivers on a budget often look for insurance coverage that doesn't have a large first payment, the one that puts their policy into effect. This is because the first payment is sometimes a little more than the rest of your regular payments. The amount of money you'll have to pay to enforce your auto insurance coverage will depend on your insurance company, your location, your age, the type of car you drive, your driving history, and other factors.
So, the best way to find coverage that has a “low down payment” is really as simple as comparing car insurance quotes the same way you would to find the most affordable rates. You can still find affordable car insurance even if you've been in an accident or have been fined for a traffic violation, such as speeding, or if your credit score isn't the best it could be. While these variables usually mean that your car insurance company will increase your rate, you can still save by comparing car insurance quotes. This is because some insurance companies may increase their cost greatly, but others may not, based on their unique underwriting formulas for pricing policies.
For others, however, buying insurance from a standard insurance company may no longer be an option. If you have serious traffic violations on your record or have a history of accidents, private car insurance companies may not sell you a policy, considering it too risky to be worthwhile. In these cases, you would purchase coverage from the Florida Automobile Joint Underwriting Association (FAJUA), which is for high-risk drivers who are denied coverage elsewhere. If you stay accident-free for five years, your next at-fault accident won't cause your auto insurance premium to rise.
Drivers convicted of certain crimes may be required to have their insurance company file an SR-22 in the state of Florida. The Consequences of Driving Without Insurance Are Ultimately More Costly Than Buying Minimal Car Insurance Coverage. To give you an idea of what you could expect to pay for car insurance in Florida, below are the average annual premiums for full coverage from some of the largest insurance companies by market share in the state. If you have multiple accidents, fines, or a DUI conviction, you may even need car insurance for high-risk drivers in Florida.
However, most insurance professionals recommend that you purchase higher levels of coverage for greater financial protection. Florida Residents Convicted of Driving Under the Influence (DUI) of Alcohol or Drugs Must Comply with FR-44 Insurance Regulations. Although it may seem strange, credit scoring affects car insurance rates because lower credit-based insurance scores are usually linked to a higher likelihood of filing claims. However, high-risk drivers in Florida should be able to find suitable car insurance options after comparing prices.
It covers you, your passengers and other authorized drivers of your car who are injured while in your insured vehicle. It is also one of the only major auto insurers to offer mechanical breakdown insurance (MBI), which acts as a car warranty and covers parts failures due to normal use. Sunshine State drivers who have been denied auto insurance due to an irregular driving history or other factors can apply for coverage through the Florida Joint Auto Insurance Association. One of the most important factors in determining your car insurance rates is the make and model of the vehicle you are driving.
For more help finding cheap car insurance in Florida, try NerdWallet's car insurance comparison tool. . .