How Much Is Car Insurance in Florida? (November 2024)

In Florida, the annual average cost for full car insurance coverage is around $2,206, while the cost for a minimum coverage policy averages $1,013.

Several factors affect car insurance costs, such as your age, level of coverage, location, driving record and credit history. Keep them in mind when you're shopping for the right car insurance plan.

The average full coverage car insurance in Florida costs about $2,206 annually. Knowing the average car insurance cost in your state helps you evaluate the rates you get when comparing car insurance quotes.

Here's what you might pay for auto insurance in Florida. These numbers give you an idea of monthly and yearly costs for minimum or full coverage.

In Florida, a full coverage policy with a $1,000 deductible averages around $2,206 annually or $184 monthly. This is significantly higher than the national average cost of car insurance, which for a similar full coverage policy is about $1,337 per year or $111 monthly.

Several factors contribute to Florida's higher car insurance rates. It has a high number of uninsured drivers and frequent claims due to severe weather. Florida's legal requirements for personal injury protection (PIP) coverage also increase the cost. These elements, coupled with a dense population and heavy traffic in urban areas, lead to higher risks for insurers, which translates to more expensive premiums for drivers.

Car insurance premiums can differ widely from one company to another. In Florida, Travelers offers the most affordable full coverage option at an annual rate of $1,355, while Direct General Insurance sits at the higher end with an average premium of $3,249 annually.

To find the cheapest car insurance in Florida, evaluate different providers and see which fits your budget and coverage needs best. Ensure you're getting not just affordability but also the value and service you deserve.

The cost of car insurance in Florida is also affected by the level of coverage selected. For instance, the average monthly cost for minimum coverage is $84, in contrast to $184 for full coverage, which includes 100/300/100 coverage with a $1,000 deductible. Opt for full coverage insurance despite its higher cost because it offers more comprehensive financial protection in various scenarios, including accidents and theft.

While adding comprehensive and collision coverage increases premiums, adjusting your deductibles can make it more manageable. For example, opting for higher deductibles may lower your monthly payments. Remember that the deductible is the amount you pay for each claim under comprehensive and collision coverage before your insurance begins to cover losses.

In Florida, the minimum car insurance requirements include $10,000 for property damage liability (PD) and $10,000 for personal injury protection (PIP).

Your car insurance premiums vary greatly by your specific location in Florida. For the same full coverage, Gainesville offers the cheapest at $1,367, while Hialeah is the most expensive at $2,579.

Several factors influence car insurance costs in Florida, including local traffic conditions, crime rates in the area and the likelihood of natural disasters such as hurricanes and flooding. Your personal driving history and the type of car you drive also play a role in determining your rates.

Age significantly impacts car insurance costs in Florida. Younger drivers, particularly those aged 22 to 29, typically face the highest insurance rates at $2,748 per year.

As drivers mature, premiums generally decrease due to the perceived lower risk associated with experience. Drivers between the ages of 30 and 59 see a reduction to an average of $2,206 yearly. Those above 60 generally benefit from the most affordable rates, at $2,165 per year. This trend reflects insurers' risk assessment, which often results in older, more experienced drivers benefiting from more affordable car insurance rates.

In Florida, age and gender determine car insurance rates. A 16-year-old male driver added to a family policy averages an annual cost of $5,673, one of the highest premiums among all age groups.

It is typically illegal for teenagers under the age of 18 to secure car insurance independently without a parent or guardian's co-signature. If a 16-year-old boy opts for an individual policy, the premium skyrockets to $10,916.

The average annual cost for full coverage car insurance on a 2012 model is $1,538, while a 2022 model averages at $1,670. This increase stems from the higher actual cash value of newer vehicles, along with rising repair costs and the potential for greater theft risk, all contributing to a heftier insurance premium.

Drivers of newer models should invest in comprehensive and collision coverage. These plans not only cover damages from accidents but also protect against non-collision-related incidents, such as theft, vandalism and natural disasters, ensuring a broader safety net.

Car insurance costs in Florida change based on your driving history:

• With a ticket: $2,868 per year; $239 per month
• With an at-fault accident: $3,502 per year; $292 per month
• With a DUI: $3,200 per year; $267 per month

If you have a violation, it will usually make your insurance cost more. This extra cost persists as long as the violation is on your driving record, and the duration varies per state. In Florida, a DUI can remain on your driving record for up to 75 years. While a DUI generally results in the highest insurance costs, occasionally, other violations can end up costing Floridian drivers more, based on specific insurance company policies and state regulations.

The average cost of car insurance in Florida can vary significantly based on credit score, ranging from $1,352 annually for an excellent score to $2,804 for a poor score. Your credit score directly affects your car insurance rates in Florida. A good credit score falls between 670 and 739. Better credit often means more affordable car insurance premiums.

Many factors determine the cost you'll pay for car insurance in Florida. Here are the most common:

• Driving History – A clean driving record in Florida can lead to more affordable car insurance rates because it signifies to insurers you are a lower risk.
• Age and Experience – Younger, less experienced drivers typically see higher rates, while those with more years behind the wheel in Florida enjoy lower premiums.
• Location – Living in urban areas with higher traffic and theft rates can increase car insurance costs compared with rural areas in Florida.
• Type of Car – Insuring a car that is expensive to repair or a common target for theft can push up insurance rates in Florida.
• Credit Score – A good credit score can significantly reduce car insurance rates because it suggests financial responsibility to insurers.
• Coverage Level – Opting for state minimum coverage can lead to cheaper rates, but for better protection, collision insurance and comprehensive insurance might be wise choices in Florida.
• Claims History – A history of claims can indicate a higher risk to insurers, thus potentially increasing your car insurance rates in Florida.
• Driving Activity – The more you drive, the higher the chance of an accident, leading insurers to possibly charge more for car insurance in Florida.
• Discounts – Taking advantage of available discounts for things like bundling policies or safe driving can lead to more affordable rates in Florida.
• Marital Status – Being married can sometimes result in lower car insurance rates because married couples are often viewed by insurers as more stable and risk-averse.

Compare car insurance quotes to find a policy that matches your driving needs and fits your budget. You could miss potential savings by not exploring your options.

To secure affordable car insurance in Florida, compare rates, increase your deductible and utilize all eligible discounts.

Get answers about what impacts the average cost of car insurance in Florida and how to find affordable rates.