Advertiser Disclosure

Best Cheap Car Insurance in Florida for 2021

April 23, 2021
Auto Insurance, Insurance
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.

If you’re looking for cheap car insurance in Florida, comparison shopping is key. Rates for the same coverage options differ from one company to the next and are based on personal factors such as your age, driving record and credit history.

Cheapest Car Insurance Company Overall in Florida
State Farm$150/month
4.5 NerdWallet rating
Cheapest for Minimum Coverage
Geico$42/month
4.5 NerdWallet rating
Cheapest for Young Drivers
Geico$63/month
4.5 NerdWallet rating
Cheapest for Drivers with Poor Credit
Direct Auto$256/month
4.0 NerdWallet rating

 


 

To help simplify things, NerdWallet researched rates from 12 insurers in Florida and found the cheapest choices for several driver groups. We also have information on SR-22s and FR-44s in Florida, minimum coverage requirements, and no-fault laws in the Sunshine State.

Cheapest car insurance in Florida for 20-year-old drivers

Young drivers may have to get a lot of quotes to find cheap car insurance. Prices can be sky-high for younger 20-somethings, but tend to come down as drivers get more experience on the road. To cut down on costs, young drivers might want to consider buying only state-mandated coverage, rather than full coverage insurance. Still, some companies routinely have lower insurance rates for drivers in their 20s, so it's best to shop around to find them.

Many insurance companies offer ways for young drivers to save, such as good student discounts for those in college or premium reductions for those who take a defensive driving course. If you live in an apartment, consider getting your renters and auto insurance from the same company to take advantage of bundling discounts.

Cheapest full coverage car insurance in Florida for 20-year-olds

Drivers in Florida with clean driving records may want to consider the following companies, which had the lowest average rates:

  1. State Farm: $3,265 per year.
  2. Geico: $3,560 per year.
  3. Allstate: $4,178 per year.
  4. Direct Auto: $5,235 per year.
  5. MetLife: $5,699 per year.

Cheapest minimum coverage car insurance in Florida for 20-year-olds

Drivers in Florida who want just the state minimum coverage may want to check with these companies, which had the lowest average rates:

    1. Geico: $757 per year.
    2. State Farm: $957 per year.
    3. Allstate: $959 per year.
    4. Direct Auto: $1,255 per year.
    5. MetLife: $1,571 per year.

Cheapest auto insurance in Florida for 20-year-olds with poor credit

Drivers with poor credit in Florida should look at the following insurers with the lowest average rates for minimum coverage:

  1. Direct Auto: $1,255 per year.
  2. Geico: $1,547 per year.
  3. Allstate: $1,734 per year.
  4. State Farm: $2,095 per year.
  5. Progressive: $2,971 per year.

Cheapest auto insurance in Florida for 20-year-old drivers with one at-fault crash

For drivers with a recent accident in Florida, here are the companies with the lowest average rates for minimum coverage:

  1. Geico: $849 per year.
  2. Allstate: $1,385 per year.
  3. State Farm: $1,478 per year.
  4. Direct Auto: $1,721 per year.
  5. MetLife: $2,093 per year.

Cheapest auto insurance in Florida for 20-year-old drivers after a DUI

The cheapest auto insurance we found after a DUI is shown here, alongside the insurers’ average rates for minimum coverage.

  1. Geico: $957 per year.
  2. Allstate: $1,214 per year.
  3. Direct Auto: $1,347 per year.
  4. State Farm: $1,807 per year.
  5. Progressive: $2,253 per year.

Cheapest car insurance in Florida for 30-year-old drivers

By the time they reach their 30s, most drivers enjoy cheaper car insurance rates than in their teens and 20s. Still, factors like a person’s driving record and car make and model can increase prices.

Drivers in their 30s can get lower rates by shopping around and taking advantage of car insurance discounts. You may be able to save by insuring multiple vehicles with the same carrier, or by bundling your auto policy with your home insurance. Also, keep an eye out for discounts based on your profession or affiliations; some insurers offer more affordable insurance rates for teachers, members of the military or alumni of certain colleges.

Cheapest full coverage car insurance in Florida for 30-year-olds

Drivers in Florida with clean driving records may get the lowest rates from these companies:

  1. State Farm: $1,801 per year.
  2. Geico: $2,153 per year.
  3. Allstate: $2,662 per year.
  4. MetLife: $2,871 per year.
  5. Direct Auto: $3,068 per year.

Cheapest minimum coverage car insurance in Florida for 30-year-olds

Drivers in Florida who want their state’s minimum coverage can check with the following companies, which had the lowest average rates:

  1. Geico: $503 per year.
  2. State Farm: $547 per year.
  3. Allstate: $728 per year.
  4. Direct Auto: $814 per year.
  5. MetLife: $822 per year.

Cheapest auto insurance in Florida for 30-year-olds with poor credit

Drivers with poor credit in Florida should consider the following companies with the lowest average rates for full coverage:

  1. Direct Auto: $3,068 per year.
  2. State Farm: $3,304 per year.
  3. Geico: $3,711 per year.
  4. Allstate: $4,926 per year.
  5. Progressive: $4,950 per year.

Cheapest auto insurance in Florida for 30-year-old drivers with one at-fault crash

For drivers in Florida with a recent accident, here are the lowest average rate options for full coverage:

  1. State Farm: $2,410 per year.
  2. Geico: $2,670 per year.
  3. Allstate: $3,745 per year.
  4. Direct Auto: $4,171 per year.
  5. MetLife: $4,376 per year.

Cheapest auto insurance in Florida for 30-year-old drivers after a DUI

For the cheapest auto insurance after a DUI, we found the following options for full coverage.

  1. Geico: $2,718 per year.
  2. State Farm: $2,798 per year.
  3. Direct Auto: $3,234 per year.
  4. Allstate: $3,402 per year.
  5. Progressive: $3,711 per year.

Cheapest car insurance in Florida for 40-year-old drivers

Drivers in their 40s tend to have better insurance rates than their younger counterparts but still pay more than older age groups. Shopping around for cheap car insurance quotes with multiple insurers is the best way to find lower rates. Good drivers who don’t get behind the wheel often might want to consider pay-per-mile insurance, which charges drivers by how many miles they drive.

Ask about discounts for signing up for autopay, paying your premium in full rather than quarterly or monthly, and opting for electronic statements. If you own your home, consider insuring it with the company that provides your auto insurance; most carriers offer bundling discounts.

Cheapest full coverage car insurance in Florida for 40-year-olds

Drivers in Florida with clean driving records may want to think about the following companies, which had the lowest average rates:

  1. State Farm: $1,766 per year.
  2. Geico: $2,005 per year.
  3. MetLife: $2,652 per year.
  4. Allstate: $2,659 per year.
  5. Direct Auto: $2,680 per year.

Cheapest minimum coverage car insurance in Florida for 40-year-olds

Drivers in Florida who want just the minimum coverage may want to check prices from these companies, which had the lowest average rates:

  1. Geico: $469 per year.
  2. State Farm: $534 per year.
  3. Allstate: $726 per year.
  4. Direct Auto: $753 per year.
  5. MetLife: $770 per year.

Cheapest auto insurance in Florida for 40-year-olds with poor credit

Drivers with poor credit in Florida can check out the following insurers with the lowest average rates for full coverage:

  1. Direct Auto: $2,680 per year.
  2. State Farm: $3,241 per year.
  3. Geico: $3,364 per year.
  4. Progressive: $4,867 per year.
  5. Allstate: $4,922 per year.

Cheapest auto insurance in Florida for 40-year-old drivers with one at-fault crash

For drivers with a recent accident living in Florida, here are the companies with the lowest average rates for full coverage:

  1. State Farm: $2,363 per year.
  2. Geico: $2,525 per year.
  3. Direct Auto: $3,624 per year.
  4. Allstate: $3,743 per year.
  5. MetLife: $4,064 per year.

Cheapest auto insurance in Florida for 40-year-old drivers after a DUI

The cheapest full coverage auto insurance we found for drivers with a DUI came from the following companies.

  1. Geico: $2,568 per year.
  2. State Farm: $2,743 per year.
  3. Direct Auto: $2,815 per year.
  4. Allstate: $3,400 per year.
  5. Progressive: $3,602 per year.

Cheapest car insurance in Florida for 50-year-old drivers

Drivers in their 50s have, on average, cheaper auto insurance rates than most other age groups. Prices will continue to drop as they inch toward their 60s and gain more driving experience. Rates can still vary depending on other factors such as a driver’s gender and location, so it’s smart to shop around to find the cheapest price you can. Our list of the best cheap car insurance companies is a good place to start.

Some insurers offer senior discounts to policyholders in their 50s, though some may require you to take a defensive driving course to snag the savings. If you’ve been with your insurer for many years, you may qualify for a loyalty discount. Still, it’s a good idea to check with other companies periodically to make sure you’re not paying too much.

Cheapest full coverage car insurance in Florida for 50-year-olds

Drivers in Florida with clean driving records may want to get quotes from these insurers, which had the lowest average rates:

  1. State Farm: $1,715 per year.
  2. Geico: $1,951 per year.
  3. MetLife: $2,457 per year.
  4. Allstate: $2,555 per year.
  5. Direct Auto: $2,569 per year.

Cheapest minimum coverage car insurance in Florida for 50-year-olds

Drivers in Florida who opt for the state minimum coverage may want to consider the following companies, with the lowest average rates:

  1. Geico: $444 per year.
  2. State Farm: $514 per year.
  3. Allstate: $684 per year.
  4. Direct Auto: $708 per year.
  5. MetLife: $717 per year.

Cheapest auto insurance in Florida for 50-year-olds with poor credit

Drivers with poor credit in Florida can check with the following companies, which showed the lowest average rates for full coverage:

  1. Direct Auto: $2,569 per year.
  2. State Farm: $3,138 per year.
  3. Geico: $3,254 per year.
  4. Progressive: $4,429 per year.
  5. Allstate: $4,739 per year.

Cheapest auto insurance in Florida for 50-year-old drivers with one at-fault crash

For drivers living in Florida with a recent accident, here are the insurers with the lowest average full coverage rates:

  1. State Farm: $2,291 per year.
  2. Geico: $2,451 per year.
  3. Direct Auto: $3,468 per year.
  4. Allstate: $3,595 per year.
  5. MetLife: $3,800 per year.

Cheapest auto insurance in Florida for 50-year-old drivers after a DUI

The cheapest auto insurance we found for drivers with a recent DUI comes from the following companies, listed with rates for full coverage.

  1. Geico: $2,489 per year.
  2. State Farm: $2,657 per year.
  3. Direct Auto: $2,710 per year.
  4. Allstate: $3,265 per year.
  5. Progressive: $3,302 per year.

Cheapest car insurance in Florida for 65-year-old drivers

Although 65-year-olds have cheaper car insurance rates than many other age groups on average, prices will start increasing as they get older. To find cheap auto insurance for seniors, drivers in their mid-60s should shop around to find the lowest rate.

Drivers in this age group should also take advantage of any available discounts for senior citizens. For example, some companies will discount your rate if you take a defensive driving course. You may also be able to save money after retirement if you’re driving fewer miles each year.

Finally, consider whether you need all the coverage you currently have. If you’re not commuting to work each day, for instance, you may not need rental reimbursement coverage when your own car is in the shop for repairs.

Cheapest full coverage car insurance in Florida for 65-year-olds

Drivers in Florida with clean driving records may want to think about getting quotes from these companies, which had the lowest average rates:

  1. State Farm: $1,645 per year.
  2. Geico: $1,816 per year.
  3. MetLife: $2,538 per year.
  4. Allstate: $2,539 per year.
  5. Direct Auto: $2,606 per year.

Cheapest minimum coverage car insurance in Florida for 65-year-olds

Drivers in Florida who want just the state minimum coverage may want to check with these insurers, which had the lowest average rates:

  1. Geico: $408 per year.
  2. State Farm: $494 per year.
  3. Allstate: $670 per year.
  4. Direct Auto: $681 per year.
  5. MetLife: $735 per year.

Cheapest auto insurance in Florida for 65-year-olds with poor credit

Drivers with poor credit in Florida can look at the following companies with the lowest average rates for full coverage:

  1. Direct Auto: $2,606 per year.
  2. State Farm: $3,001 per year.
  3. Geico: $3,075 per year.
  4. Progressive: $4,258 per year.
  5. Allstate: $4,656 per year.

Cheapest auto insurance in Florida for 65-year-old drivers with one at-fault crash

For drivers with a recent accident living in Florida, here are the companies with the lowest average rates for full coverage:

  1. State Farm: $2,194 per year.
  2. Geico: $2,309 per year.
  3. Direct Auto: $3,524 per year.
  4. Allstate: $3,592 per year.
  5. MetLife: $3,899 per year.

Cheapest auto insurance in Florida for 65-year-old drivers after a DUI

The cheapest auto insurance we found after a DUI came from the following companies, shown with their average rates for full coverage.

  1. Geico: $2,340 per year.
  2. State Farm: $2,543 per year.
  3. Direct Auto: $2,751 per year.
  4. Allstate: $3,275 per year.
  5. Progressive: $3,300 per year.

Minimum car insurance requirements in Florida

Floridians must carry property damage liability and personal injury protection (PIP) in the following amounts:

  • $10,000 property damage liability per accident.
  • $10,000 personal injury protection.

In case you’re at fault in a crash, the Florida Financial Responsibility Law also requires you to be able to pay up to:

  • $10,000 in bodily injury liability per person.
  • $20,000 in bodily injury liability per accident.

Liability car insurance covers the cost of any damage, injuries or deaths you cause in a car accident, up to your policy’s predefined limits.

Personal injury protection will cover your medical bills and expenses if you’re injured in a car crash, up to your policy limits, no matter whose fault it was. Depending on your state, PIP may also pay for:

  • Lost wages if you’re unable to work due to injuries from an accident.
  • Services you can no longer perform, like house cleaning or child care, because of your injuries.
  • Funeral costs if an accident-related injury leads to death.
  • A small death benefit as a cash payout.

Experts recommend buying more than the bare minimum when it comes to all parts of your auto liability insurance. You might want added protection from optional coverages such as collision, comprehensive and uninsured motorist insurance.

Check out NerdWallet’s guide to car insurance requirements by state for more details on coverage you might want on your Florida auto policy.

SR-22, FR-44 and alternative auto insurance in Florida

Drivers convicted of certain offenses may be required to get an SR-22 filed by their insurance company with the state of Florida. There’s no such thing as “SR-22 insurance”; instead, an SR-22 is a form certifying you have current auto insurance coverage in compliance with Florida law. An SR-22 might be required if you:

  • Got in an accident without insurance.
  • Had your license suspended due to too many points or another reason.
  • Have severe and recent traffic violations on record.

And if you get caught driving while intoxicated or under the influence of drugs in Florida, another form, an FR-44, may be required instead. Again, “FR-44 insurance” isn’t actually a type of insurance. Rather, an auto insurer must file an FR-44 certificate on behalf of someone convicted of a DUI or similar offenses.

Compared with an SR-22, an FR-44 comes with additional liability insurance requirements. Instead of the relatively low liability limits listed above, you’d need at least:

  • $100,000 for injury to or death of one person.
  • $300,000 for injury to or death of two or more people.
  • $50,000 for property damage liability.

Sunshine State drivers who’ve been denied car insurance because of a spotty driving history or other factors can apply for coverage through the Florida Automobile Joint Underwriting Association.

For more help finding cheap car insurance in Florida, try NerdWallet’s car insurance comparison tool.

No-fault insurance in Florida

Florida is one of several states that has a no-fault car insurance system, but it’s one of only two that doesn’t require any bodily injury liability coverage.

In most states, drivers who are injured in a car accident caused by someone else will seek reimbursement from the at-fault motorist’s insurance company. The claim and payout come from that person’s bodily injury liability coverage.

Under Florida’s no-fault statute, all parties involved in a crash first make injury claims to their own PIP coverage and payouts are capped at 80% of the bills. (More on that below). If injuries from the accident are considered “serious” under Florida law, the at-fault driver’s bodily injury liability pays for additional costs. Serious injuries include at least one of the following:

  • Significant disfigurement.
  • Bone fracture.
  • Permanent limitation of a body organ or member.
  • Significant limitation of a body function or system.
  • Substantially full disability for 90 days.

Injuries that meet this definition are grounds for a lawsuit in Florida. Drivers with bodily injury coverage can use it to pay for legal fees as well as the injured person’s medical costs, but anyone with only the minimum required coverage — that is, no bodily injury coverage — would have to pay out-of-pocket if they were at fault.

To complicate things further, drivers can also be partially at fault for a crash. Florida has a “comparative fault” statute, meaning that two drivers can share responsibility for an incident. In a lawsuit, a jury could assign 30% of the responsibility to the injured driver, who would then be entitled to only 70% of the total damages from the other driver.

Insurance companies don’t just absorb those costs. As in many states that require personal injury protection coverage, drivers in Florida tend to pay more for car insurance, on average, compared with those in non-PIP states.

» MORE: The best cheap renters insurance in Florida

How PIP works in Florida

Drivers in Florida are required to carry at least $10,000 of PIP, which is also called Florida no-fault insurance.

In addition to medical bills, no-fault insurance in Florida can also pay:

  • Lost wages if crash-related injuries force you to miss work.
  • The cost of hiring in-home care if you need help due to injuries.
  • The cost of equipment you need while recovering, such as a wheelchair.
  • Funeral costs.

PIP fraud can be common in no-fault states, including Florida, where staged accidents and unscrupulous medical providers can drive up the cost of insurance, specifically PIP. Because of this, a no-fault insurance law was enacted in 2015. It requires people injured in a crash to see a medical professional within 14 days of the incident to make a PIP claim. It also limits payouts to 80% of “reasonable” medical expenses as outlined in the statute.

Note that PIP will also cover your passengers’ injuries, but it doesn’t cover damage to your car. You go through the at-fault driver’s insurance for vehicle repairs or through your own collision coverage if you were responsible.

» MORE: PIP coverage in no-fault states

Methodology

For our “good driver” profile, NerdWallet averaged insurance estimates from an average of 14 insurers in each state and Washington, D.C., for single male and female drivers with good credit and no tickets or violations. The analysis included 5-10 of the largest insurance companies in each state; smaller insurers were also included when rates were available. Liberty Mutual and its subsidiaries were excluded from our analysis as rates were not available.

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.

In states where required, minimum additional coverages were added. Some policies include additional coverages at the insurer’s discretion.

  • We used a 2018 Toyota Camry L for all drivers and assumed 12,000 annual miles driven.
  • We analyzed rates for drivers 20 to 80 years old in five-year increments.

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 minimum required coverage by law in the state.
  • We changed the credit tier from “good” to “poor” as reported to the insurer to see rates for drivers with poor credit.
  • 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.

About the author