INSURANCE - CAR INSURANCE

Best Car Insurance in Florida for 2024

Updated Oct. 10, 2023
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USAA has the lowest car insurance rates in Florida, but it's not available to everyone.

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Between the sandy beaches and a relatively low cost of living, Florida residents might think they have it made. Unfortunately, the low prices don’t extend to auto insurance rates, where the average cost for full coverage is $2,683.

Check out our roundup of the best car insurance in Florida so you don’t wind up paying more than you have to.

In this article

Key takeaways

  • The best car insurance in Florida is USAA, which costs an average of $940 a year for comprehensive coverage.
  • In Florida, drivers with good credit pay an average of $2,973 per year for full coverage.
  • Residents of Miami are likely to pay $3,619 a year for full coverage insurance.

Best car insurance companies in Florida

Finding reasonably priced car insurance that provides the coverage you need can be difficult, especially in Florida, where insurance costs are $940, compared to the national average of $1,582.

Insurance carrier USAA had the lowest annual full and minimum liability coverage of $940 and $406 respectively. USAA also earned the top customer satisfaction rating compared to other carriers in Florida.

Provider J.D. Power customer satisfaction rating Estimated annual full coverage Estimated annual minimum liability coverage
USAA 858/1,000 $940/year $406/year
State Farm 833/1,000 $1,821/year $1,085/year
Allstate 821/1,000 $2,527/year $1,034/year
GEICO 812/1,000 $1,445/year $590/year
Progressive 801/1,000 $2,760/year $1,564/year
Travelers 798/1,000 $2,439/year $1,120/year

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USAA: Highest customer satisfaction

USAA offers multiple coverage options, including liability, comprehensive, collision, and uninsured/underinsured motorist, and often has low prices, especially compared to other Florida insurance companies. While its policies are only available to current military, veterans, or military family members, USAA is consistently on the list of high-rated customer satisfaction insurance companies.

Pros
  •  USAA has the lowest car insurance rates in Florida by far
  •  Offers online policy management and 24/7 online claims reporting
Cons
  •  Policies are only available to current and former military members and their families
  •  You’ll likely be able to find more discount options with another carrier

Get a quote now | USAA review

State Farm: Best for new drivers

The average 18-year-old (or their parents) in Florida will pay a whopping $6,945 a year for car insurance. While State Farm was only the third cheapest option on our list of best car insurance providers, it offers specific policies and discounts totaling as much as 25% for new drivers.

Pros
  •  Second-highest customer satisfaction rating in Florida
  •  It has multiple offices and agents throughout Florida
Cons
  •  Availability and discounts vary by location
  •  It doesn’t offer some specialized policies, like gap insurance

Get a quote nowState Farm review

Allstate: Best for lowest deductible

While Allstate is not the only company that offers a vanishing deductible, it is the lowest-priced option. Participants can earn $100 a year off their deductible every year they don’t have an accident, up to $500. However, Allstate is also one of the more expensive carriers in Florida, so weigh your options carefully.

Pros
  •  Allstate’s vanishing deductible program might help you avoid a hefty bill after an accident
  •  Offers multiple specialty insurance coverages
Cons
  •  Mixed customer service and claims-paying reviews
  •  At $2,527 per year, Allstate was the second most expensive carrier in Florida

Get a quote now | Allstate review

GEICO: Most affordable coverage

Although USAA has the most affordable coverage in Florida, it is only available to some. GEICO was the second lowest option, with Florida residents paying an average of $1,445 a year for full coverage and $590 annually for minimum liability. GEICO also scores reasonably well in customer satisfaction, earning 812 out of 1,000.

Pros
  •  Lowest-cost option in Florida for those not in the military
  •  GEICO has an extensive list of discounts
Cons
  •  Limited availability of local agents, though there are agent options in Florida
  •  It doesn’t have some specialty policies like rideshare or new car replacement

Get a quote now | GEICO review

Travelers: Best for bundling discounts

While you may pay an average of $2,439 annually for full coverage insurance with Travelers, those who bundle policies, like a home and auto policy, can save up to 13% on their costs. If you have more than one vehicle insured through Travelers, you may also be eligible for additional discounts.

Pros
  •  Multiple coverage options, including rental and roadside assistance policies
  •  Offers accident forgiveness coverage in some areas
Cons
  •  Has lower customer service ratings
  •  Specialty policies like rideshare may not be available in Florida

Get a quote now | Travelers review

Florida auto insurance requirements

Florida requires that drivers maintain a minimum amount of coverage to drive legally.

Any vehicle with a current Florida registration must have a minimum of:

  • $10,000 in personal injury protection (PIP)
  • $10,000 in property damage liability (PDL)

Florida will also accept a self-insured certificate, which you can obtain through the DMV with a notarized financial statement showing a net worth of at least $40,000 unencumbered by debt.

How to choose a car insurance provider in Florida

If you’re looking for a new insurance provider, consider the following:

  • Compare quotes: Request quotes from multiple insurance carriers and ensure all companies quote similar coverage types and amounts. Comparing quotes may be tedious, but it can save you money.
  • Read reviews: Pay attention to online reviews and ask for recommendations from people you know. Check with the Florida Office of Insurance Regulation about the number of customer complaints a company recently received and for any red flags.
  • Look for financial stability: Before you sign up, research a company’s track record for paying claims. Look for ratings on websites like A.M. Best or Standard & Poor’s to check the company’s financial stability.

How much does car insurance cost in Florida?

The average cost of car insurance in Florida is $2,683 per year, and the state minimum coverage averages about $1,042 annually.

Car insurance prices can vary widely based on where you live. For example, drivers in Tampa pay $3,521 annually for full coverage, while residents of Cape Coral only spend an average of $2,290 a year.

Florida car insurance rates by city

While the national average cost of car insurance is $1,582, Florida residents pay an average of $2,683. However, in several Florida cities, you may pay much more than that.

Those living in Tampa, West Palm Beach, and Miami spend between $3,521 and $3,619 a year on auto insurance.

City Avg. annual full-coverage premium
Miami $3,619/year
West Palm Beach $3,613/year
Tampa $3,521/year
Ft. Lauderdale $3,257/year
Orlando $2,808/year
Cape Coral $2,290/year

Methodology

Our analysis was conducted using six different auto insurance marketplaces to determine the best auto insurance in each state. The data we analyzed included coverage premiums from up to 10 different insurance providers. We looked at rates by city, driver profile, and credit score, as well as factored in the impact of driving violations. This data is for comparative purposes only. Your actual quote may be different.

FAQs about car insurance costs in Florida

What are the minimum car insurance coverage requirements in Florida?

Florida requires that drivers maintain at least $10,000 in personal injury protection (PIP) and $10,000 in property damage liability (PDL) to drive legally. Florida law also allows drivers to obtain a self-insured certificate if they meet specific criteria. 

How much does car insurance cost in Florida?

The average cost of car insurance in Florida is $2,683, but prices vary widely based on factors such as your location, credit score, age, and more.

Which car insurance companies cover Florida?

Many car insurance companies have policies available in Florida, including Travelers, State Farm, Allstate, GEICO, and USAA. However, some big companies, like Farmers Insurance, are unavailable in Florida. 

What is the cheapest car insurance company in Florida?

USAA had the cheapest car insurance in Florida, charging $940 a year for full coverage and $406 for minimum coverage. 

GEICO has the next lowest insurance rates, charging $1,445 yearly for full coverage and $590 for minimum coverage.

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Author Details

Kate Daugherty Kate Daugherty is a professional writer with a passion for providing others the head start they deserve on their financial journeys. Largely self-taught, Kate relied on books, blogs, and trial-and-error to learn how to budget and save for the future, all while working to pay back about $15,000 in student loans.