Finding cheap car insurance in Florida can be a challenge. The Sunshine State has long been one of the most expensive states to buy car insurance.
The cheapest car insurance in Florida varies based on multiple criteria. Your driving record, credit history, ZIP code, miles driven, age, gender, and vehicle make and model can all influence your auto insurance rates. That’s why drivers should get multiple car insurance quotes to find the best price.
To simplify comparison shopping, Yahoo Finance has identified some of the cheapest car insurance rates in Florida using data from Trellis, an insurance technology company that operates the auto insurance marketplace Savvy.
Learn more: How does car insurance work? The basics explained.
In this article:
Full coverage car insurance meets your state’s minimum coverage requirements and includes comprehensive coverage and collision insurance. If you finance or lease your vehicle, your lender will likely require that you maintain full coverage, which covers damages to your vehicle.
The companies below offer some of the cheapest full coverage car insurance rates in Florida.
Learn more: What is full coverage car insurance?
If you own your older vehicle outright, you may only need liability-only coverage. Liability-only car insurance is cheaper than full coverage insurance, but it only covers the damage you cause to other vehicles and property. Liability-only requires you to pay the full costs of repairing or replacing your car if it’s damaged in a crash, by bad weather, or is stolen.
If you only need basic coverage in Florida, the carriers below offer some of the cheapest car insurance rates.
Learn more: What is liability insurance and how much do you need?
Not surprisingly, teen drivers are expensive to insure due to their lack of experience behind the wheel. According to the CDC, teens aged 16-19 are more likely to get into a serious auto accident than any other age group. Though it’s possible for teenagers to get stand-alone coverage, it’s usually far cheaper for a parent to add a teen driver to their policy.
To find the cheapest car insurance for teens in Florida, look for a carrier that offers several discounts, like one for good grades or completing an approved driver’s education course.
The following companies offer some of the cheapest car insurance for teens in Florida.
Learn more: How to get the most affordable car insurance for your teen driver
Seniors tend to enjoy relatively low auto rates due to their driving experience. But by age 70, you may see your auto insurance rates tilt upward again because of being at a higher risk of a crash. Fortunately, senior drivers in Florida have several ways to lower their premiums, including driver safety courses.
Below are car insurers that offer some of the cheapest car insurance rates for seniors in Florida.
Learn more: Car insurance for seniors: How to get the best rates
Safe drivers in Florida qualify for the best insurance rates due to their clean record and ability to qualify for good driver discounts. Most insurers define “good drivers” as those who haven’t had any at-fault accidents or moving violations within the last three years.
Below, you’ll find some of the cheapest car insurance rates for good drivers in Florida.
Your insurance will increase by 30% to 70% following an at-fault accident, and the accident will stay on your record for about three years. Important reminder: In Florida, insurers can’t raise your premiums solely because you filed a Personal Injury Protection (PIP) claim for a crash you didn’t cause.
Consider the companies below if you’re looking for the cheapest car insurance with one at-fault accident in Florida.
Learn more: How much does car insurance increase after an accident?
Under Florida’s point system, a speeding ticket typically results in three points on your driver’s license; 12 points within 12 months can result in a 30-day suspension. Points stay on your driving record for at least five years in Florida, according to the Florida Department of Highway Safety and Motor Vehicles.
If you’ve had a speeding ticket in Florida, look to these companies for some of the cheapest car insurance.
Learn more: How does a speeding ticket impact your car insurance?
Car insurance can be a substantial expense, no matter where you live. Drivers can get the cheapest car insurance in Florida by following these tips.
Opting for liability-only coverage that meets your state minimums (and nothing more) may be sufficient if you don’t own significant assets, like a home, and you have an older vehicle that isn’t worth much. But the cheapest car insurance isn’t always the best choice. You need to always consider how financially prepared you are to repair or replace your vehicle following an accident.
Full coverage, including comprehensive and collision insurance, in addition to add-ons like roadside assistance, can provide more financial peace of mind because your vehicle and your wallet are protected from a variety auto-related dangers.
Learn more: Most common types of car insurance explained
It pays to get quotes from several companies to make sure you’re getting the cheapest and most complete coverage you can.
Look for insurers that provide discounts for your specific circumstances, and offer the kind of service and accessibility you need.
An independent insurance agent can be a helpful resource when you’re comparison shopping. They don’t work for any single carrier, so they can get quotes from multiple companies that fit your needs.
Learn more: How to shop for car insurance
Your deductible is the amount you have to pay out of pocket before your insurance kicks in. Raising your deductible saves you money on premiums – but make sure you can afford to pay your deductible in case you need to file a claim.
Learn more: What you need to know about car insurance deductibles
Many insurers offer discounts for bundling multiple policies. You may save money if you buy homeowners insurance or renters insurance from the same company. If your household has multiple vehicles, you’ll often lower your premiums by insuring them through the same company.
Learn more: Bundle home and auto insurance: Be sure it’s the best deal
Reviewing your policy and coverage needs at least once a year is a smart way to make sure you’re getting the cheapest car insurance. If your financial situation has changed – for example, if you’ve bought a home or increased your income – you may need to up your coverage. But if you’ve retired or you’ve gone from commuting to working from home, you may be driving less, so perhaps you can lock in a lower rate.
Learn more: How much car insurance do I need?
Even if you’re satisfied with your current car insurance company, it’s still a good idea to get quotes from several insurers. Doing so can help you find additional discounts that save you even more money on your premiums.
Tim Manni edited this article.
Unless stated otherwise, the estimates above are generated by Trellis’ in-house machine learning models based on over 3 million data points, and include more than 15 of the largest insurance companies in Trellis’ nationwide data set. This includes data from more than 2 million insurance accounts connected through Trellis Connect, an in-house technology allowing consumers to “link” their insurance accounts before searching for insurance, and tens of thousands of policies bound by Trellis’ own agents. It takes into account a myriad of factors to create predictions, such as:
Policyholder age
Number of vehicles
ZIP code
Vehicle age
Insurer
…and more
Trellis creates estimates by running models against multiple inputs to the parameters of interest. For instance, the “teen driver” estimates were created by adjusting the policyholder age input into the pricing model while keeping all other variables steady from the baseline for “full coverage.” The models enable hyper-personalized estimates that take into account a plethora of user attribute permutations (e.g., teen drivers in specific states, teen drivers with new vehicles, teen drivers in specific states with new vehicles) to provide individuals with a unique and tailored experience. The charts above are a subset of the kinds of personalization Trellis can do.
The following are definitions used by Trellis when providing its rate estimates for various types of coverage:
Full coverage car insurance: A policy with comprehensive, collision, and liability coverage
Average policyholder: A 48-year-old driver who owns a 13-year-old vehicle and lives in an average-income ZIP code
Senior driver: A 70-year-old policyholder with full coverage car insurance
Good driver: Drivers across all coverage types, vehicle types, and locations who have no tickets, accidents or DUIs