Best car insurance in Florida: Travelers

Travelers is the best car insurance company in Florida, based on an analysis by Insurance.com, with an overall rating of 3.75. Geico, Nationwide, State Farm, and Progressive are among the top car insurance companies in Florida.

Below is a full list of the top Florida car insurance companies based on price, NAIC complaint ratio, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.

Best home insurance companies in Alaska
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Table
CompanyAM BestJD PowerNAICAverage annual premiumInsurance.com score
TravelersA++7980.49$2,3563.75
GeicoA++8120.91$2,2143.72
NationwideA+8100.64$2,1503.64
State FarmA-8330.7$2,1193.51
ProgressiveA+8010.65$2,9023.19
National General InsuranceA+8661.52$3,1033.13
FarmersA7770.8$3,2612.87
AllstateA+8210.65$3,5692.8
Mercury InsuranceA7940.84$3,3582.47

Data updated in 2024
Read our full methodology

Cheapest car insurance in Florida: State Farm

Based on a rate analysis by Insurance.com, State Farm offers the cheapest full coverage car insurance in Florida open to all drivers, with an average annual rate of $2,119.  

Geico is the cheapest company for state minimum liability, with an average annual rate of $561. At $1,150 annually, Travelers also offers the cheapest liability car insurance with limits 50/100/50, in Florida. 

Don't just go with the first insurer you come across. Comparison shopping is the key when it comes to finding the best deal on auto insurance. Get quotes from several different insurers and compare their rates. You may be surprised at how much difference there can be in rates from one company to another. 

We have gathered price quotes from all the major insurance providers and put together a list of the cheapest car insurance companies in Florida.

CompanyState minimum liability50/100/50 liability100/300/100 liability with $500 deductible
State Farm$647$1,170$2,119
Nationwide$841$1,384$2,150
Geico$561$1,238$2,214
Travelers$715$1,150$2,356
United Automobile Insurance$1,702$2,150$2,796
Progressive$1,383$2,045$2,902
National General Insurance$1,166$1,912$3,103
Farmers$925$1,716$3,261
Mercury Insurance$1,020$2,007$3,358
Allstate$1,084$1,835$3,569

Data updated in 2024
Read our full methodology

Average cost of car insurance in Florida

The average cost of car insurance in Florida is $2,694 a year for a full coverage policy with a coverage level of 100/300/100 for a driver age 40, according to a rate analysis by Insurance.com. For the state minimum coverage, the average annual cost in Florida is $993.

Auto insurance calculator

Average auto insurance rates in Florida
30
16 17 18 19 20 21 22 23 24 25 30 35 40 45 50 55 60 65 70 75
Male
Male Female
33135 - Miami
For a 30-year-old male
$117 State minimum
$319 Full coverage
$183 Liability only

Most & least expensive ZIP codes for auto insurance in Florida

Most Expensive

ZIP codeCityHighest rate
33135Miami$319
33125Miami$318
33145Miami$316
33013Hialeah$310

Least Expensive

ZIP codeCityLowest rate
32610Gainesville$201
32538Paxton$202
32422Argyle$203
32434Mossy Head$203
Data updated in 2024
Read our full methodology

The Florida Office of Insurance Regulation says...

Section 626.9541, Florida Statutes, protects consumers from an increase in their premium for filing a PIP claim in a not-at-fault accident. Section 627.736, Florida Statutes, details who is covered under your PIP but there are many variables which ultimately determine how your policy will respond in a claim situation.

- The Florida Office of Insurance Regulation

Car insurance rates in Florida by age

company_name
Cheapest for teens
$5,541/yr
Learn more
company_name
Cheapest for adults
$2,105/yr
Learn more
company_name
Cheapest for seniors
$2,036/yr
Learn more

In Florida, car insurance rates are higher for teenagers (16- to 19-year-olds) as they are more prone to accidents due to their lack of experience on the road.

State Farm offers the cheapest car insurance for teen drivers in Florida at $5,541 per year for a full coverage policy.  

Car insurance rates will decrease as teens age and keep a good driving record. Car insurance rates for adults 25+ and seniors 60+ are lower than those for teens and young adults. 

In Florida, Nationwide offers the cheapest full coverage car insurance for adult drivers (25-55 year-olds)  at $2,105 per year. Geico offers the cheapest car insurance for senior drivers (60-75 year-olds)  at $2,036 per year.

Compare car insurance rates by age

Select your age group and age below to see the insurance company and its
average annual and average monthly premium rates.

Age group
Teen
Age
16
Table
Graph
Geico$6,516$543
State Farm$6,584$549
Nationwide$7,528$627
Progressive$9,363$780
Travelers$11,183$932
Farmers$17,209$1,434
Allstate$18,161$1,513
Yearly premium

Cheapest car insurance rates in Florida by driving record

company_name
Cheapest for at-fault accident
$2,448/yr
Learn more
company_name
Cheapest for DUI
$2,276/yr
Learn more
company_name
Cheapest for speeding ticket
$2,276/yr
Learn more

Drivers with accidents or tickets are considered high-risk drivers and will pay higher car insurance rates. In Florida,

State Farmoffers the cheapest car insurance in Florida for drivers with an accident, at $2,448 per year. However, the severity and frequency of the incidents will impact how much insurance rates increase. 

In addition, State Farm is the cheapest option for drivers with a speeding ticket on their driving record at $2,276 per year.

Below are average Florida rates by company for drivers with accidents and tickets on their driving record.

CompanyClean recordAccidentSpeeding ticket
State Farm$2,119$2,448$2,276
Geico$2,214$3,179$3,303
Nationwide$2,150$3,030$3,304
Travelers$2,356$3,266$3,416
National General$3,103$4,004$3,471
Allstate$3,569$6,295$3,569
Progressive$2,902$4,249$3,759
Mercury Insurance$3,358$5,710$4,344

Data updated in 2024
Read our full methodology

Cheap car insurance in Florida for drivers with bad credit: Geico

Geico, at $3,075 per year, is the cheapest car insurance in Florida for drivers with bad credit among those surveyed by Insurance.com. The second most affordable company is National General, offering car insurance at $3,805 annually.

The table below lists the most affordable car insurance companies in Florida for drivers with bad credit.

Car insurance for drivers with poor credit
CompanyAverage annual rate (poor credit)
Geico$3,075 
National General$3,805 
Nationwide$3,999 
State Farm$4,045 
Mercury$5,135 
Travelers$5,279 
Progressive$5,585
Allstate$5,907
Farmers$6,821

Data updated in 2024
Read our full methodology

Florida car insurance requirements

The minimum car insurance required in Florida is 10/20/10. The average cost of the state minimum liability insurance is $955 annually or $80 monthly. 

Minimum liability insurance requirements for Florida:

  • Bodily injury liability (BI): $10,000 per person, $20,000 per accident
  • Property damage liability (PD): $10,000 per accident
  • Personal injury protection (PIP): $10,000 per person

Cheapest car insurance companies for minimum liability coverage in Florida

Insurance.com data show that Geico offers the most affordable state minimum liability coverage, costing an average of $525, or $44 a month. State Farm offers the second-best rates for state minimum liability coverage in Florida.

The table below shows the cheapest car insurance companies for minimum coverage in Florida. 

State minimum auto insurance coverage in Florida
Company Liability insurance premiumMonthly liability insurance premium
Geico$525$44
State Farm$647$54
Travelers$702$58
Nationwide$808$67
Mercury Insurance$954$80
Farmers$965$80
Allstate$1,071$89
National General Insurance$1,200$100
Progressive$1,312$109
United Automobile Insurance$1,742$145

Data updated in 2024
Read our full methodology

How much car insurance do you need?

Florida minimums are extremely low. If you’ve ever had to repair a newer-model vehicle or pay for a hospitalization, $10,000 doesn’t get you far. You’ll have to pay for any amount over the $10,000 limit out of pocket. For the best auto insurance in Florida, you should bump up coverage limits to ensure you have enough financial protection in case of a serious accident.

If you have a loan or lease on your car, you will also be required to carry both comprehensive and collision insurance.

Why is car insurance so expensive in Florida?

Florida car insurance prices are much higher than the national average. The cost of a policy for the average Florida driver is $2,694, nearly $799 more than the national average of $1,895.

Some of the reasons Florida car insurance is higher than average include:

  • The largest number of uninsured drivers in the country: Almost 27% of drivers in Florida don’t have car insurance. If you’re involved in an accident, you’ll have little recourse against an uninsured driver.
  • No-fault insurance laws. No-fault insurance can lead to more insurance payouts and raise rates for everyone.
  • Bad weather: Hurricanes and hail are a regular occurrence in Florida. Heavy rainfall and flooding are also hazards for drivers, causing frequent accidents. 
  • Demographics: Florida has a large population of senior drivers, who are statistically more likely to be involved in crashes. 
  • Traffic and tourists. Florida already has a large population and a lot of traffic. The many tourists who visit the state each year also contribute to traffic and can pose a risk on the roads since they don't know their way around.

Florida car insurance recommendations

While every driver's needs are individual, it's recommended that most drivers consider adding coverage above the state minimum. Some optional coverages you should include to make sure you have the best car insurance in Florida include:

Bodily injury liability

Bodily injury liability (BIL) pays for serious and permanent injury or death to others should you cause a crash. If you have BIL insurance, your insurance company will not only pay for injuries up to the limits of your policy but also provide legal representation should you get sued. 

Uninsured/underinsured motorist

Uninsured/underinsured motorist (UM/UIM) coverage will provide extra coverage if the other party doesn’t have car insurance or is underinsured. It’s not mandatory coverage, but when you consider that one in four drivers don’t have car insurance in Florida, it's a good idea to have it.

Full coverage

Buying comprehensive and collision coverage is known as full coverage. If you’ve financed your car and making payments, you’re probably required to have full coverage. If you don’t owe money on your vehicle, having full coverage is still a good idea.

Comprehensive insurance will cover your vehicle for things like fire, theft, vandalism, hitting an animal, a tree branch falling on your vehicle, or severe weather damage. Collision will pay to repair your vehicle if you are in a single-vehicle crash or if you're at fault in an accident.

How can you save on Florida auto insurance?

There are a few ways to cut the cost of your premiums and still have the best auto insurance Florida coverage. Here are five tips.

1. Take advantage of auto insurance discounts

The best car insurance companies in Florida have a variety of ways you can save on your coverage. You may even be able to take advantage of more than one. Some discounts include:

  • Payment discounts for prepayment, automatic payments and paperless billing
  • Safety and security vehicle equipment
  • Safe driver discounts for no claims or accidents
  • Occupational discounts for the military, educators, doctors and more

2. Bundle your insurance

If you also own a home or have renter’s insurance, bundling all your policies with one insurance company can net you a nice discount. It will be much easier to manage them, too.

3. Compare quotes from multiple companies

Before you sign up for coverage, get three to five quotes. The same type of coverage could vary in price from one insurance company to another.

4. Raise your deductible

The deductible is the amount you’ll pay when you file a claim before the insurance company pays the rest. Consider raising the deductible to lower your monthly insurance premiums. Just make sure you can afford the higher deductible in the future.

5. Take a driving safety course

Many insurance carriers will give you a significant discount on your car insurance if you complete an approved defensive driving or driver safety course. The best part is, the discount will apply for the next three years.

Other things Florida drivers should know

If you’re new to Florida, it’s also important to be aware of the state’s rules and requirements.

Make sure you’re properly insured

If you move to Florida from another state, ask your insurance agent if your company writes in Florida (most do) and to transfer your insurance to Florida. You can look up insurance companies licensed to do business in Florida at the company directory on the Florida Office of Insurance Regulation.

Have proof of insurance with you at all times

Your insurance company will issue you a Florida insurance I.D. card. Keep this card with you and present it to law enforcement when asked. If you don't carry a valid car insurance policy and you’re stopped by the police or involved in a crash, you could lose your driver's license. The state of Florida could suspend your license for up to three years or until you prove you have purchased coverage. Driver’s license reinstatement fees in Florida are:

  • $150 for the first offense
  • $250 for a second offense within three years
  • $500 for a third offense

Register your out-of-state vehicle when you move to Florida

You’ll need to trade in your out-of-state tags for a Florida one within 10 days of moving to Florida. To register your vehicle you'll need:

Auto insurance laws in Florida also apply to snowbirds

If you only live in Florida during the winter months, you need Florida registration and car insurance. If you leave your car in Florida while you head north, it still must be insured while you are away. Some car insurance companies in Florida provide seasonal coverage — be sure to ask your insurance carrier about it.

Discounts for drivers over 55

If you have a Florida driver's License and are 55 or older, you may complete a six-hour motor vehicle accident prevention course. You can take the course online. As long as the completed course is recognized by the Florida Department of Highway Safety and Motor Vehicles, you’ll be eligible to receive a discount on your automobile insurance, good for three years.

Florida's graduated licensing system for new drivers

Florida has graduated driver's licensing. You can apply for a learner's permit after you turn 15. You’ll need to pass:

  • Traffic law and substance abuse course
  • Written test
  • Hearing exam
  • Vision test

With a permit, you can drive as long as a licensed driver at least 21 years old is in the front passenger seat.

Once you're 16, you can earn an intermediate license and drive between the hours of 6 a.m. and 11 p.m. When you're 17, you can drive between 5 a.m. and 1 a.m. When you turn 18, all restrictions are removed.

Compare auto insurance rates by city in Florida

Auto insurance rates vary not just by state, but also by city. Cities have different levels of risk based on factors like accident rates, claim costs, weather and more. That means where you live in Florida will impact what you pay. Below, we've gathered Florida car insurance rates by city for comparison.

CityAnnual insurance premium
Avon Park
$2,639
Clearwater
$3,007
Deland
$2,701
Miami
$3,345
Orlando
$2,835
Palm City
$2,706
Tampa
$3,131
Data updated in 2024
Read our full methodology

Car insurance rates change regularly, influenced by changes in the cost of repairs, claim rates and other factors. Recent years have seen car insurance rates rise across the country, but not every state has seen the same increases.

We've tracked car insurance premium trends in Florida to show you how things have changed and help you prepare for potential changes in the future. Take a look at the chart below.

Insurance.com commissioned Quadrant Information Services in 2023 to field rates from major insurers in every state across most ZIP codes. Driver profile: male, age 40, driving a 2023 Honda Accord LX with full coverage of 100/300/100 with comprehensive and collision; $500 deductible.

The car insurance rates for drivers with accidents and tickets are averaged based on rates for the following accidents and tickets: 

Accidents: 

  • 1 at-fault property damage accident over $2k
  • 1 at-fault property damage accident under $2k
  • At-fault bodily injury accident 
  • Single vehicle accident 

Tickets: 

  • Distracted driving ticket
  • Speeding ticket 1- 10 MPH over limit 
  • Speeding ticket 11- 29 MPH over limit 
  • Talking on cellphone ticket 
  • Texting ticket 

Insurance.com analyzed rates from more than 34,000 ZIP codes, 56 million quotes, and 136 companies. Rates sourced from Quadrant Data Services are for comparison purposes only; your rates may differ.  

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