Updated: November 18, 2024
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Finding the best car insurance in Florida hinges on your unique needs. MoneyGeek's analysis determined that Travelers is the top choice, with State Farm leading for minimum coverage. Families with teen drivers might find Nationwide's offerings most suitable.
For those prioritizing cost above all, consider exploring the cheapest car insurance in Florida, per MoneyGeek's findings.
Best Car InsuranceFloridaBest Car Insurance in Florida
Why Trust MoneyGeek? We created an insurance scoring system for providers in Florida based on customer satisfaction, claims experience, essential coverages, affordability and financial stability using six independent sources.
These recommendations were updated in March 2024 to reflect the current best car insurance options in Florida.
Travelers stands out as the best car insurance company in Florida, with a MoneyGeek score of 96. The scores among Florida insurers range from 60 to 96. It's important to note this range is from MoneyGeek's baseline scoring system, and insurers may have varying scores for different driver profiles.
How does MoneyGeek score companies?
When assessing insurance options, MoneyGeek's scoring system prioritizes customer satisfaction and affordability, with substantial emphasis also placed on claims handling and offered coverages. This holistic approach ensures a balance between service quality and financial practicality, catering to the consumer’s comprehensive insurance needs. With a system that weighs these factors, individuals can rely on a score that reflects both their potential satisfaction and the economic value of their investment in insurance.
| Travelers | 96 | $1,360 |
| State Farm | 94 | $1,380 |
| Nationwide | 90 | $1,885 |
| GEICO | 87 | $1,568 |
| Progressive | 86 | $1,952 |
| Mercury | 86 | $1,866 |
| Allstate | 84 | $2,027 |
| Farmers | 70 | $2,785 |
| Direct General Insurance | 60 | $2,645 |
MoneyGeek found that Travelers is the best option in Florida for those seeking the best full coverage car insurance.
Travelers stands out with its top score, attributed mainly to its exceptional claims handling and the highest coverage score in the ranking. State Farm closely follows, boasting a very high satisfaction score among policyholders.
For those looking to save, MoneyGeek also analyzed the companies that offer the cheapest full coverage car insurance in Florida.
Ranks well in Florida for customer satisfaction.
Ranks well in Florida for claims handling.
Ranks No. 1 in Florida for affordability, with an average annual premium of $1,360 for full coverage.
Offers rare coverages like new car replacement and accident forgiveness.
Ranks No. 1 in Florida for key coverages.
Does not offer original equipment manufacturer (OEM) coverage.
Travelers excels in its high MoneyGeek score, mainly due to superior satisfaction (31 out of 35) and affordability (30 out of 30). The insurer offers common coverages of rental car and/or travel reimbursement and roadside assistance. In addition, Travelers provides reasonably common coverages like accident forgiveness.
Travelers' coverage options are comprehensive, catering to various driver needs. Gap insurance, for example, is vital for drivers financing or leasing their vehicles, covering the difference between the car's actual value and the amount owed. Another beneficial offering is new car replacement, ensuring that if your new vehicle is totaled, you aren't just compensated for the depreciated value but can replace your car entirely.
MoneyGeek found that Nationwide is the best option in Florida for car insurance when prioritizing exceptional customer service.
Nationwide distinguishes itself with a near-perfect blend of satisfaction and claims handling processes. Although Nationwide comes with a higher annual premium than Travelers, it ensures that clients are investing in a more consistent and superior service experience.
A strong service ethic can significantly enhance customer trust and loyalty, which is crucial, especially when handling stressful situations like automobile accidents or damage claims.
Ranks well in Florida for claims handling.
Offers identity theft coverage and total loss deductible waiver.
Ranks No. 1 in Florida for key coverages.
Does not offer OEM coverage.
With customer satisfaction and claims handling being its leading factors, Nationwide tops the chart based on its MoneyGeek score. The company offers rental car and/or travel reimbursement and roadside assistance. Additionally, it also provides common coverages like accident forgiveness and gap insurance.
Identity theft coverage stands out among Nationwide's rare coverages, providing vital protection in an era where identity theft can cause significant financial and personal upheaval. Moreover, the total loss deductible waiver relinquishes the whole deductible if the customer's car is considered a total loss. These, along with its perfect coverage score (20 out of 20), position the insurer among the best for customers seeking comprehensive, high-quality insurance solutions.
MoneyGeek found that State Farm is the best option in Florida for drivers seeking the most advantageous car insurance for minimum coverage.
State Farm stands out with a substantial lead in the customer satisfaction score, which is a significant component of its overall MoneyGeek score, enhancing their reputation for customer service and claims handling. Additionally, at $694 annually, they offer a compelling balance of price and quality for the minimum insurance required by law in Florida.
Unlike other states, Florida's no-fault car insurance requirements do not mandate bodily injury liability. Instead, Sunshine State drivers must have at least $10,000 in personal injury protection (PIP) and $10,000 in property damage liability. When searching for car insurance in Florida, several providers may offer minimum coverage at lower premiums, but it's important to consider the potential repercussions. Opting for only the legally required minimum coverage can leave drivers exposed to significant financial risks in the event of an accident that exceeds their coverage limits.
Offers common discounts like bundling, multiple car and safe driving.
Ranks No. 1 in Florida for customer satisfaction.
Ranks No. 3 in Florida for cost, with an average annual premium of $694.
Does not excel in claims handling.
State Farm leads with an excellent customer satisfaction score, a critical factor for its high MoneyGeek score of 92. On average, customers enjoy robust protection for an annual premium as modest as $694. The company extends savings through various reasonably common discounts like airbag and anti-theft system. It also offers savings for having daytime running lights in your car.
State Farm offers all four common discounts: bundling, good student, multiple car and safe driving. Drivers can also benefit from the anti-lock brakes discount and the senior driver discount.
Its affordability score shines at 38 (out of 40). Its customer satisfaction, at a perfect 25 (out of 25) and the maximum scores for coverage and stability, 5 (out of 10) and 5 (out of 5), respectively, solidify State Farm as the embodiment of insurance excellence.
Age is a pivotal factor in determining car insurance rates in Florida, reflecting differences in risk and cost and certain age-related coverage and discount options. MoneyGeek found that Nationwide, with a score of 90, offers the best car insurance for teens at an annual premium of $3,536. Travelers takes the lead for young adults and seniors, scoring 96 and 95, respectively, with annual premiums of $1,555 for young adults and $1,297 for seniors.
Best for teens: Nationwide
Best for seniors: Travelers
Best for young adults: Travelers
MoneyGeek found that Nationwide is the best option in Florida for car insurance tailored to teenagers.
Nationwide stands out due particularly to top marks in satisfaction and affordability, two crucial factors for families seeking value. With an annual premium of $3,536, Nationwide exemplifies that cheap car insurance for teens in Florida is more economically secured with a family policy rather than an individual one for the young driver.
As in other states, insurance premiums for teens in Florida are high because they are statistically riskier drivers. Lack of experience behind the wheel translates into a higher chance of filing claims, prompting insurers to charge more to offset this risk.
Offers good student discount.
Ranks No. 1 in Florida for cost, with an average annual premium of $3,536.
Ranks No. 2 in Florida for claims handling.
Ranks No. 7 in Florida for customer satisfaction.
Missing distant student and driver's education discounts.
When evaluating the components contributing to a superior MoneyGeek score for Nationwide, coverage and affordability emerge as pivotal factors with scores of 10 (out of 10) and 30 (out of 30), respectively. Nationwide is an excellent choice for families with young drivers as it offers good student and other common discounts.
Nationwide offers valuable discounts like good student, which allows students to save on their policy if they maintain good academic standing. It is a particularly beneficial offering for young drivers looking to manage insurance costs while pursuing education. In addition to discounts, Nationwide's rare and widely applicable identity theft coverage provides added peace of mind. Another reasonably common coverage that holds significant use for drivers is accident forgiveness, which prevents premiums from increasing after the first at-fault accident.
MoneyGeek found that Travelers is the best option in Florida for seniors needing car insurance.
Travelers stands out for its high satisfaction rating, demonstrating a commitment to customer service that resonates with senior drivers. Although Travelers' annual cost is slightly higher for its senior policy, at $1,297, it is a competitive price point in auto insurance for seniors. To get cheap car insurance for a senior in Florida, one might expect to pay a bit more compared to the younger demographics.
Offers roadside assistance and rental car/travel reimbursement.
Ranks No. 2 in Florida for claims handling.
Ranks No. 2 in Florida for affordability, with an average annual premium of $1,297 for full coverage.
Customer satisfaction score is 31, indicating room for improvement.
Travelers excels in customer satisfaction and coverage, commanding a robust MoneyGeek score of 95. Boasting roadside assistance and rental car and/or travel reimbursement, Travelers ensures comprehensive assistance options for distressed clients. Travelers’ average annual premium is $1,297. While it does not offer a specific discount for seniors, the variety of discounts available, such as bundling and safe driving, can help mitigate costs for all demographics.
With roadside assistance, customers have access to help with flat tires, dead batteries or other mechanical breakdowns, ensuring that they are never left stranded. Rental car and/or travel reimbursement covers travel costs or a rental car when the insured vehicle is incapacitated due to an accident, providing peace of mind during a stressful time.
MoneyGeek found that Travelers is the best option in Florida for young adults seeking car insurance.
Travelers stands out primarily due to its high customer satisfaction and affordability scores, which indicate strong customer relations experience and reasonable pricing. The annual cost for a Travelers policy remains competitive, asserting that to obtain cheap car insurance for young adults in Florida, individuals should expect to pay a premium reflective of their experience level.
Car insurance for young adults in Florida and other states tends to be pricier due to statistically higher risk associated with younger, less experienced drivers. Insurers mitigate this risk through increased premiums.
Ranks No. 2 in Florida for claims handling.
Ranks No. 1 in Florida for affordability, with an average annual premium of $1,555 for full coverage.
Offers good student, distant student and driver's education discounts.
Customer service could be improved.
Travelers Insurance leads with exceptional affordability and satisfaction scores, which greatly contribute to its distinguished MoneyGeek score of 96. Key discounts relating to young drivers, such as good student, distant student and driver's education, are available. In coverages, the company boasts common car insurance options like roadside assistance and rental car and/or travel reimbursement but lacks widely applicable rare coverages.
Travelers' coverage offerings include popular choices that provide added peace of mind. Accident forgiveness keeps your rate from increasing after your first accident. New car replacement covers the cost of a brand-new car, not just the depreciated value, should your new vehicle gets totaled. Furthermore, gap Insurance covers the difference between the actual cash value of your car and the remaining balance on your loan or lease in case of a total loss.
MoneyGeek found that State Farm is the best option in Florida for drivers with driving offenses, offering robust coverage and a competitive annual premium.
Affordability is crucial to drivers with speeding tickets, at-fault accidents and DUIs. For budget-conscious drivers, the annual cost for a driver with offenses from State Farm is reasonable at $1,599, although to get cheap car insurance as a high-risk driver in Florida can still be notably higher than for those with clean records. Insurance premiums tend to be higher for drivers with infractions because they are perceived as higher risk. Statistics show that drivers with offenses are more likely to file claims, prompting insurers to charge more to offset this risk.
Ranks No. 1 in Florida for customer satisfaction.
Ranks well in Florida for cost, with the lowest average annual premium of $1,599 for full coverage.
Offers common coverages like roadside assistance and rental car and/or travel reimbursement.
Doesn't excel in customer service.
State Farm's impressive MoneyGeek score is chiefly due to perfect scores in satisfaction (35 out of 35) and top marks in affordability (30 out of 30). The company's policy offerings include essential coverages such as roadside assistance and rental car and/or travel reimbursement. With an average annual premium of $1,599 and a higher-than-average affordability score, State Farm is an economical choice for those with driving offenses.
State Farm extends a roadside assistance program for emergencies, including mechanical labor, towing, and delivery of gas, oil or a battery. Additionally, its rental car and/or travel reimbursement ensures the continuance of travel plans with covered rental car expenses. These offerings underscore the company's top-tier status in serving customers across diverse needs and circumstances, particularly those with less-than-perfect driving records.
MoneyGeek found that Travelers is the best option in Florida for drivers with new cars looking for car insurance, boasting the highest MoneyGeek score among the evaluated insurers. Travelers stands out for its comprehensive coverage options and solid claim handling, as MoneyGeek excluded insurers lacking new car replacement or better car replacement coverage.
These options are invaluable for new car owners, ensuring they can be adequately compensated in the event of an incident. With an annual premium of $1,336, Travelers presents a cost-effective choice. Choosing an insurer with new or better car replacement coverages could lead to savings in the long run, as, without these coverages, you would receive a settlement that reflects your vehicle's depreciated value after an accident.
Ranks well in Florida for customer satisfaction.
Ranks well in Florida for claims handling.
Ranks No. 1 in Florida for cost, with an average annual premium of $1,336 for full coverage.
Offers new car replacement coverage.
Travelers excels with perfect claims handling and coverage scores, contributing to its exceptional MoneyGeek score of 96. With new car replacement and accident forgiveness available, it's a vital benefit for those with newer vehicles, ensuring protection beyond standard depreciation, albeit as optional add-ons. Travelers has an average annual premium of $1,336.
Travelers offers robust options for car owners, including new car replacement coverage. By opting for a new car replacement, drivers can receive compensation for a brand new car of the same make and model rather than just the depreciated value of their car if their vehicle is totaled. Additional offerings such as accident forgiveness, which may prevent your rates from increasing after your first accident, further exemplify Travelers' commitment to comprehensive coverage.
In a recent analysis, MoneyGeek found that Travelers is the best car insurance option for military members in Florida.
Although USAA is often a top contender for military car insurance, it did not win in Florida based on its MoneyGeek score. For more information on USAA, check out MoneyGeek's USAA auto insurance review.
Travelers stands out for its excellent combination of customer satisfaction and claims handling and for offering good value with competitive rates. With an annual cost of $1,360, Travelers is an excellent choice for those who prioritize both service quality and cost-effectiveness. Exploring the cheapest car insurance in Florida for military drivers could provide additional options.
Has a high customer satisfaction score.
Ranks well in Florida for claims handling.
Ranks No. 1 in Florida for cost, with an average annual premium of $1,360 for full coverage.
Offers rare coverages like accident forgiveness and new car replacement.
Does not offer original equipment manufacturer (OEM) coverage.
Travelers achieves its impressive MoneyGeek score primarily through high marks in satisfaction (30 out of 35) and affordability (30 out of 30). With a sensible average annual premium of $1,360, it is a competitive choice for a diverse client base in the insurance market.
Travelers offers a variety of coverage options that benefit consumers looking for comprehensive protection on the road. Roadside assistance provides immediate help for issues like flat tires or dead batteries, ensuring drivers aren’t left stranded after an unforeseen incident on the road. For those facing the inconvenience of car repairs, rental car and/or travel reimbursement is an excellent feature that covers transportation costs. The new car replacement coverage is precious for owners of new vehicles. Should their car be totaled, it offers the means to replace it with a brand-new model. These reasonably common coverages add financial safety and convenience layers, underscoring why Travelers is a top-ranked insurance provider.
In Florida, the finest car insurance providers excel in affordability, financial solidity and a history of exemplary customer service. While MoneyGeek has diligently evaluated these factors to guide you, conducting your own assessment requires several key steps to ensure you select a policy that best meets your needs. Thorough personal research can complement the insights provided, leading to an informed and satisfactory choice for your car insurance.
In Florida, exceptional customer service is crucial for a car insurer to handle claims efficiently and ensure customer satisfaction. Shoppers are advised to consult independent data providers like J.D. Power and the NAIC for insights into a company's service track record. According to MoneyGeek's research, Nationwide stands out with the highest customer service score in Florida, boasting a satisfaction score of 44 out of 45 and a claims handling score of 30 out of 30.
Comparing car insurance quotes in Florida can lead to significant savings without compromising service quality. Drivers need to conduct their research to identify the most cost-effective options tailored to their unique profiles. MoneyGeek's findings suggest State Farm offers the best minimum coverage at an annual premium of $694.
Selecting the right coverages is a key aspect of a car insurance policy. Drivers should investigate which insurers provide coverages that align with their needs. According to MoneyGeek research, Progressive, Travelers, Farmers, Allstate and Nationwide each received a perfect coverage score of 10, indicating they offer all four essential coverages: rental car and/or travel reimbursement, roadside assistance, gap insurance and original equipment manufacturer (OEM) coverage.
Ensuring that your insurer has a solid financial stability rating is paramount to avoid risks associated with claim payouts. Research is vital to identify insurers with robust economic health. MoneyGeek awarded Travelers, State Farm and GEICO a perfect stability score of 5, reflecting the highest financial strength rating of A++ from AM Best, signaling a minimal risk of monetary failure in fulfilling claims.
The best car insurance options for you largely depend on your specific needs and preferences. We’ve answered some of the most common questions to help you make the right purchase.
State Farm is determined to be the best for cheap car insurance in Florida, with an annual premium of $694 for a minimum coverage policy. The company's overall MoneyGeek score is 92. While minimum coverage policies are the most affordable, they offer less protection than full coverage policies. Consumers can find affordable full coverage options by comparing quotes from multiple insurers.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
