Average Cost of Car Insurance in Florida (2023)

Policyholders in Florida pay $284 per month and $3,408 per year on average for auto insurance premiums. The state’s average rate surpasses the national average rate of $233 monthly and $2,796 yearly. On an individual level, premiums vary based on insurance coverage, driving history, city of residence, insurer, credit history, marital status, age, gender, and more.

With insurance rates in Florida higher than the national average, you likely want to find ways to save money on your premium. Along with finding discounts, shopping around for insurance is the most reliable way to discover savings. The Insurify quote-comparison tool allows you to compare different auto insurance quotes from the convenience of home.

How much does car insurance cost in Florida?

Car insurance premiums throughout Florida range in price depending on location within the state, driving history, chosen insurance policy, auto insurance provider, gender, marital status, credit history, age, and more. The average cost of auto insurance for drivers in the Sunshine State is $284 per month and $3,408 per year, though opportunities for lower rates exist.

Best Florida Auto Insurance Rates

Premiums from auto insurance companies are not created equal, which is why we identified the best car insurance companies with the cheapest rates. Floridians live in one of the most expensive states for purchasing an auto insurance policy. Take a look at the car insurance quotes in the table below to compare the best rates from top providers throughout the state.

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How are insurance rates calculated in Florida?

Like elsewhere in the country, Florida insurance providers calculate insurance rates through utilizing a number of important factors related to driving records and coverage decisions. State-specific issues of weather, climate, crime rates, and population also influence how auto insurers determine risk levels and rates. Shop around to find a provider that meets your needs.

Florida Car Insurance Rates by City

Costs of car insurance in Florida differ depending on which city you live in. Area-specific factors, like population, climate and weather, and crime rates, influence average rates in unique ways to account for any associated risk. Insurify identified average monthly insurance prices from the most populated cities in Florida to give you a sense of what to expect before comparing rates.

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What is the average cost of car insurance in Florida by credit tier?

With several exceptions, most states, including Florida, allow insurance providers to factor in a driver’s credit history while determining auto insurance rates. Generally speaking, auto insurers view credit history as an indicator of policyholder reliability and charge higher rates for folks with poor and average credit scores. The chart below shows averages for different credit tiers.

What is the average cost of car insurance in Florida by driver age?

Driver age significantly impacts insurance rates, especially for young drivers under the age of 25. A 16-year-old driver, for instance, is viewed as a high-risk driver more likely to experience a car accident or other driving incident due to their lack of time spent driving. In Florida, rates typically decrease as you age before slowly rising again for drivers over the age of 70.

See More: Compare Car Insurance by Age and Gender

What is the average cost of car insurance in Florida by driver gender?

National statistics have indicated that women in the United States tend to practice safe driving habits more frequently than men, which in return earns them cheaper auto rates. In Florida, no significant difference in premiums based on gender currently exists. In fact, the most updated data found that women in Florida pay just $1 more than men on average.

What is the average cost of car insurance in Florida by marital status?

Insurance providers often view married couples as lower-risk policyholders due to their joint status together. Thus, single individuals, unfortunately, end up paying slightly higher rates than their married counterparts. In Florida, this difference in pricing is not extremely pronounced, with single individuals paying $23 more per month and $276 more per year on their auto insurance.

What is the average cost of car insurance in Florida for high-risk drivers?

Auto insurance premiums rely heavily on a person’s driving history. Safe drivers with clean driving records earn the most affordable car insurance, while drivers with one or more recorded DUI, at-fault accident, or speeding ticket tend to pay higher annual rates. Check out the below chart for specific quotes best corresponding with your individual driving history.

See More: Best Cheap Car Insurance for High-Risk Drivers

Florida Car Insurance Rates by Coverage Level

Coverage options include liability coverage, comprehensive coverage, collision coverage, and full-coverage car insurance and influence driver premiums and deductibles. Most states require minimum coverage limits, and uninsured drivers face steep consequences for their uninsured motorist status. Find average state premiums by coverage level below.

See More: Compare Car Insurance by Coverage

Minimum Car Insurance Requirements in Florida

All motor vehicles operated or parked on Florida roadways are required to be insured. Proof of insurance must be carried in your car at all times and must be available when:

• Requested by law enforcement

• Renewing vehicle registration

• The vehicle is involved in a car accident

The minimum liability insurance requirements for private passenger vehicles in Florida^[1] are:

• $10,000 per accident for property damage

If it’s determined that an insured driver is at fault for an accident, this coverage pays for repairs to the property of the other involved parties. Additionally, property damage coverage can cover legal costs if the insured driver is involved in a lawsuit following the accident. Florida is a no-fault state, meaning both parties’ insurance providers will pay for expenses, regardless of which party caused the accident.

• $10,000 per accident for PIP

Personal injury protection coverage, also referred to as PIP coverage, will cover the policyholder for medical payments they incur in the event of an accident. Depending on your plan, you may also receive non-medical benefits, compensating you for lost wages, household expenses, and even funeral costs.

Tips for Getting the Cheapest Car Insurance in Florida

The cheapest insurer for one person may not work for another due to varying methodology in calculating premiums. A steadfast method for scoring the cheapest rates involves using the Insurify car insurance comparison tool to shop around for insurance from dozens of providers prior to purchasing or renewing a policy—be it a full-coverage or minimum liability policy.

Frequently Asked Questions