How Much Is Car Insurance in Florida?
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Florida is the most expensive state for drivers, with average car insurance costs exceeding $3,700 a year for full coverage.
The cheapest companies in Florida are Geico, State Farm and Travelers.
Drivers can save on car insurance by shopping around, raising their deductible and asking about discounts.
According to NerdWallet’s January 2024 analysis, the average cost of car insurance in Florida is $3,797 per year for full coverage, or $316 per month, for a 35-year-old driver with good credit and a clean driving history. Meanwhile, the average cost of a minimum coverage policy is $1,065 per year, or about $89 per month.
But Florida car insurance rates are different for everyone. That’s because factors like your age, the car you drive, your insurance company and whether you’ve had a recent violation all affect how much you pay for coverage.
Read on for NerdWallet’s breakdown of how much car insurance in Florida costs by:
ALSO CONSIDER: Cheap car insurance in Florida || Best car insurance in Florida || Florida auto insurance requirements || Personal injury protection (PIP) insurance in Florida, explained || FR-44 and SR-22 insurance in Florida
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Average car insurance cost in Florida by company
Out of the 10 Florida companies analyzed, Geico emerged as the cheapest company overall for full coverage insurance. Geico has an average annual rate of $1,710, or $143 per month, for a 35-year-old driver with good credit and a clean driving record. And it was the only company with an average full coverage rate under $2,000 per year.
Geico is also the cheapest option for minimum coverage, with an average rate of $322 per year, or about $27 per month.
Take a look at how much car insurance is in Florida for all companies analyzed in the table below.
Company | Average full coverage rate per year | Average minimum coverage rate per year |
|---|---|---|
$1,710 | $322 | |
$2,147 | $425 | |
$2,221 | $503 | |
$2,835 | $605 | |
$3,809 | $1,554 | |
AIG | $3,870 | $1,075 |
$4,436 | $1,775 | |
$5,251 | $1,072 | |
$6,164 | $1,654 | |
$9,445 | $1,825 |
» MORE: Cheap car insurance in Florida
Average car insurance cost in Florida by age
Age plays a big role in how much a driver will pay for car insurance in Florida. Typically, the younger you are, the more expensive your car insurance policy.
According to our analysis, the cost of car insurance in Florida drops more than 40% from age 20 to age 30. But rates tend to remain somewhat level after age 30.
Below are the average car insurance costs in Florida by age.
Age | Average full coverage rate per year | Average minimum coverage rate per year |
|---|---|---|
20 | $7,056 | $1,796 |
30 | $3,947 | $1,095 |
35 | $3,797 | $1,065 |
40 | $3,766 | $1,045 |
50 | $3,606 | $1,010 |
60 | $3,426 | $943 |
70 | $3,618 | $974 |
Average car insurance cost in Florida by credit history
Insurers in Florida use a credit-based insurance score to price rates. Drivers with good credit can expect to pay much less for car insurance, on average, than a driver with poor credit. Our analysis found that drivers with poor credit pay an average of 58% more for full coverage car insurance than those with good credit.
The average cost of car insurance in Florida for a driver with good credit is $3,797 per year for full coverage, or $316 per month.
Check out the table below to see how much car insurance in Florida costs based on credit history.
Credit history | Average full coverage rate per year | Average minimum coverage rate per year |
|---|---|---|
Good | $3,797 | $1,065 |
Poor | $5,987 | $1,778 |
How to get cheap car insurance in Florida
With rates the highest across the nation, finding affordable car insurance in Florida can be tricky. Here are some simple ways to get a better deal:
Shop around. Car insurance companies regularly change their pricing models. That’s why Nerdwallet recommends comparing car insurance quotes from multiple insurers at least once a year to get the best rate possible.
Ask about discounts. Many car insurance companies offer a suite of discounts to entice new customers. It may be worth checking with your insurer to see if there are any car insurance discounts you may be eligible for that you’re not currently getting.
Drop unnecessary coverage. You can lower your car insurance premiums by getting rid of optional coverage types you no longer need. For example, comprehensive and collision insurance cover repairs for damage to your vehicle in a variety of situations, up to the market value of your car. If you own an older car that’s not worth much, you can likely drop these coverage types.
Raise your deductible. A car insurance deductible is the amount of money you pay out of pocket before your car insurance kicks in. The higher your deductible, the lower your car insurance premium. Just make sure you have enough money stashed away to cover the higher amount. In Florida, you’ll likely have deductibles for personal injury protection insurance and comprehensive and collision insurance, if you have it.
Build your credit. Because car insurance companies in Florida use a credit-based insurance score to price policies, drivers can get a better rate by keeping their credit score high.
» MORE: How to save on car insurance
Why you can trust NerdWallet
Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices we show you because our data analysts take rigorous measures to eliminate outliers and inaccuracies in pricing data, which include rates from every locale in Florida where coverage is offered and data is available. When comparing rates for different coverage amounts, ages and backgrounds, we change only one variable at a time, so you can easily see how each factor affects pricing.
For our “good driver” profile, NerdWallet averaged insurance estimates for single male and female drivers with good credit and no tickets or violations. The analysis included 10 insurance companies in Florida. Liberty Mutual and its subsidiaries were excluded from our analysis because rates were not available.
These are median rates, and your rate will vary based on your personal details and insurance provider.
For full coverage policies, we used the following coverage limits:
$100,000 bodily injury liability per person.
$300,000 bodily injury liability per accident.
$50,000 property damage liability per accident.
$100,000 uninsured motorist coverage per person.
$300,000 uninsured motorist coverage per accident.
Collision coverage with a $1,000 deductible.
Comprehensive coverage with a $1,000 deductible.
Minimum additional coverages were added. Some policies include additional coverages at the insurer’s discretion.
We used a 2021 Toyota Camry LE in all cases and assumed 12,000 annual miles driven. We analyzed rates for drivers of the following ages: 20, 30, 35, 40, 50, 60 and 70.
We used the same assumptions for all other driver profiles, with the following exceptions:
For drivers with minimum coverage, we adjusted the numbers above to reflect the minimum required coverage by law in Florida.
For drivers with one at-fault crash, we added a single at-fault crash that happened six months ago, resulting in $10,000 in property damage and no bodily injury claim.
For drivers with a DUI, we added a single drunken driving violation that happened six months ago.
These are rates generated through Quadrant Information Services. Your own rates will be different.
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