Cheapest and Best Car Insurance in Coral Springs, FL (2024)

In Coral Springs, Travelers offers the lowest rates for both minimum and full coverage car insurance. Families with teens will find Nationwide to be the most affordable. Mercury provides the best customer service and the best overall value, balancing price and service. However, your ideal choice depends on your personal coverage needs and preferences.

MoneyGeek found that Travelers offers the cheapest car insurance in Coral Springs for minimum coverage.

• Travelers: $868 per year
• GEICO: $885 per year

Direct General Insurance has the most expensive policy at $1,967 per year. The $1,099 difference between the cheapest and most expensive options highlights why you should compare rates. Shopping around for car insurance can lead to significant cost reductions.

Florida state law has set the minimum car insurance coverage requirements for drivers with the following limits:

• $10,000 property damage liability per accident
• $10,000 personal injury protection (PIP) per person

If you're liable for someone's bodily injury in an accident and only have property damage coverage and PIP, any medical costs beyond what your PIP covers would be your responsibility. Without specific bodily injury liability coverage, costs could quickly escalate, putting your personal assets on the line for any damages over the $10,000 PIP limit.

MoneyGeek found that Travelers offers the cheapest full coverage car insurance in Coral Springs. Here are the two most affordable providers:

• Travelers: $1,811 per year
• State Farm: $2,030 per year

Direct General Insurance offers the most expensive full coverage policy in Coral Springs, with premiums of $3,750 annually. This figure underscores the necessity of comparing car insurance rates to save money. Full coverage policies include comprehensive and collision insurance on top of the minimum liability coverage, increasing the cost.

A full coverage policy elevates your protection significantly. This policy has increased liability limits of $100,000 for bodily injury per individual, $300,000 for bodily injury per accident and $100,000 for property damage per incident. Often referred to in the industry as a 100/300/100 plan, these limits offer a robust safety net against potential claims.

Full coverage insurance extends beyond higher liability limits to include both comprehensive and collision insurance:

• Collision Insurance: This safeguards your vehicle against damage resulting from impacts, whether with stationary objects like a tree or light pole or other vehicles. It also covers rollover accidents and pothole damage.

• Comprehensive Insurance: This type of coverage addresses damage to your vehicle from non-collision incidents, such as theft or natural disasters.

If your car is fresh off the lot, full coverage insurance is the best way to protect your investment. For older vehicles, the additional expense may not be justifiable when weighed against the car's value. When deciding how much car insurance coverage you need, the key is to strike a balance. More comprehensive plans carry higher premiums, but opting for less coverage can leave you vulnerable and underinsured.

MoneyGeek found that State Farm is the most affordable option in Coral Springs across different driving offenses, offering competitive rates for those needing full coverage car insurance.

• Speeding Ticket: State Farm ($2,306 per year)
• At-fault accident: State Farm ($2,514 per year)
• DUI: State Farm ($2,306 per year)

Nationwide has the most expensive rates for those with a DUI at $6,114 per year. Direct General Insurance policies after an at-fault accident cost the highest at around $5,204 per year, while GEICO is the most expensive for speeding tickets at $4,496 per year. The type of infraction can significantly shift car insurance rates, although it may not be the case with all companies.

In Coral Springs, as in other cities, insurance rates typically increase with the gravity of a driving offense because insurers view high-risk drivers as more likely to file claims. Drivers with a DUI face an average annual insurance rate of approximately $4,880, while those with a speeding ticket have a lower annual rate of about $4,256. This difference in rates underscores why comparing insurance rates is crucial for drivers with offenses to find the most affordable coverage and potentially save hundreds of dollars.

MoneyGeek found that Nationwide offers the cheapest full coverage car insurance for male and female teens in Coral Springs. These companies provide the cheapest car insurance for teens:

• Nationwide: $4,654 per year for female teens and $5,242 per year for male teens.
• State Farm: $5,376 per year for female teens; Allstate: $6,395 per year for male teens

These rates reflect the cost of a policy with two parents and a teen driver. Progressive has the most expensive policy for families with teen drivers at $7,287 per year for female teens. This difference of $2,633 between Nationwide and Progressive underscores the importance of comparison shopping, especially considering the higher risks associated with insuring teen drivers.

In Coral Springs, teens looking to purchase car insurance independently face steep premiums, averaging $12,391 annually. Becoming part of a family plan can significantly cut costs, with the annual premium dropping to about $6,658. This disparity is because insurers view teens as high-risk drivers due to their lack of experience. This perceived risk also makes obtaining an individual policy challenging for teenage drivers. Opting for a family plan reduces the perceived risk, leading to more affordable rates and an increased likelihood of approval.

MoneyGeek found that Travelers offers the most affordable full coverage car insurance, specifically for those with military backgrounds in Coral Springs. The top two competitors for the cheapest car insurance for military backgrounds are:

• Travelers: $1,811 per year
• State Farm: $2,030 per year

Although not one of the companies in this study, USAA is often one of the more affordable insurers for active-duty military members and veterans nationally and offers services tailored to their unique needs. USAA offers insurance in Florida and could be a strong contender for cost and specialized service.

In Coral Springs, comparing car insurance rates can lead to significant savings. However, evaluating three or more options takes an hour or more.

MoneyGeek's car insurance calculator streamlines this process and delivers tailored quotes. Simply input details such as age, driving record, credit score and desired coverage level to receive personalized rate estimates.

Finding the best auto insurance for you depends on your individual needs and the importance you place on factors such as service quality, cost and coverage options. MoneyGeek's research found that Mercury is the top car insurance provider in Coral Springs for varied preferences:

• Best overall: Mercury (MoneyGeek score 85 out of 100)
• Best for service: Mercury (MoneyGeek score 83 out of 100)
• Best cheap: Mercury (MoneyGeek score 89 out of 100)

Mercury tops the ranks across all categories, representing the optimal combination of overall value, exceptional service and affordability in Coral Springs. Customers seeking the best of everything in one package would likely find Mercury the most fitting choice for their car insurance needs.

MoneyGeek found that Mercury is the best car insurance in Coral Springs, offering exceptional coverage and customer satisfaction.

• Mercury: MoneyGeek score of 85 out of 100 ($2,240 per year)
• State Farm: MoneyGeek score of 82 out of 100 ($2,030 per year)

In Coral Springs, Mercury has a top MoneyGeek score, reflecting its superb customer satisfaction and solid affordability for a full coverage policy. The company offers comprehensive coverage at a competitive annual premium, making it an outstanding choice for those seeking a blend of quality service and financial sensibility.

MoneyGeek found that Mercury is the best option in Coral Springs for exceptional car insurance based on customer service.

• Mercury: MoneyGeek score of 83 out of 100 ($2,239 per year)
• State Farm: MoneyGeek score of 75 out of 100 ($2,030 per year)

Mercury stands out mainly because of its superior scores in general satisfaction, claims handling and coverages.

MoneyGeek found that Mercury is the best option in Coral Springs for individuals seeking affordable yet quality car insurance.

• Mercury: MoneyGeek score of 89 out of 100 ($890 per year)
• Travelers: MoneyGeek score of 83 out of 100 ($868 per year)

Mercury tops the ranks for affordability, claims handling and customer satisfaction, demonstrating its commitment to providing cost-effective policies and exceptional service. Note that these scores are for a minimum coverage policy.

In Coral Springs, Florida, the average cost of car insurance is $2,529 per year. This premium is higher than the state average of $2,307 and the national average car insurance cost of $1,720. The Sunshine State's average is $587 more than the national figure, indicating that state and city residents often face heftier insurance bills than other regions across the nation.

Multiple factors influence car insurance premiums, with location playing a significant role. Factors such as local traffic conditions, the likelihood of accidents and theft rates contribute to location-based pricing disparities. Hialeah is the city with the most expensive car insurance premium at $3,126 per year, which is $819 above the state average. Gainesville boasts the cheapest city premium at $1,642, falling $665 below Florida's average. These examples underscore the impact of location on insurance costs. Note that premiums may be even lower in less congested, non-city areas.