Cheapest and Best Car Insurance in Pompano Beach, FL (2024)

In Pompano Beach, Florida, GEICO offers the cheapest minimum coverage car insurance, while Travelers has the lowest rate for full coverage. Nationwide provides the most affordable premium for families with teens. Mercury excels in customer service, and State Farm is the best overall, providing a balance of price and service. The ideal provider depends on your specific preferences and coverage requirements.

MoneyGeek found that GEICO is the cheapest option in Pompano Beach, offering the most affordable minimum coverage for car insurance.

• GEICO: $801 per year
• Travelers: $895 per year

Direct General Insurance has the most expensive minimum coverage policy in Pompano Beach, with an annual premium of $2,147. The $1,346 difference compared to GEICO underscores the importance of comparing rates to ensure you are getting the best possible deal on car insurance.

In Florida cities, state law dictates the minimum car insurance coverage requirements. These are the mandated limits:

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

For instance, if you carry the minimum coverage and are at fault in an accident that causes bodily injury to another person, the policy won't cover this since it's not part of Florida's minimum requirements. You would be responsible out of pocket for any expenses related to the injuries. These state-mandated figures are the minimum to keep you road legal.

MoneyGeek found that Travelers offers the cheapest full coverage car insurance in Pompano Beach.

• Travelers: $1,901 per year
• State Farm: $2,033 per year

Direct General Insurance has the most expensive policy, at $4,324 per year — $2,423 higher than Travelers. This difference emphasizes the significance of comparing rates for full coverage policies, which cost more due to their comprehensive protection.

Full coverage insurance features higher liability limits. It also encompasses both comprehensive and collision coverages:

• Collision Insurance: This protection covers the cost of repairing your vehicle if it's damaged in a collision with another car or an inanimate object like a tree or light pole. It also covers rollover accidents and pothole damage.

• Comprehensive Insurance: This type of insurance compensates you for any damage to your vehicle caused by a non-collision incident, such as theft, vandalism, fires, extreme weather conditions or being struck by an animal.

For those purchasing a new vehicle, opting for full coverage insurance is a prudent choice to protect your investment. On the other hand, for older vehicles, the additional expense of possibly several hundred dollars more may not justify the benefits. When trying to determine how much car insurance you need, it's crucial to weigh the added cost of more comprehensive coverage against the risk of being underinsured.

MoneyGeek found that State Farm is the cheapest option for drivers with a poor driving record in Pompano Beach. The annual premiums for each type of infraction are:

• Speeding Ticket: State Farm ($2,304 per year)
• At-Fault Accident: State Farm ($2,509 per year)
• DUI: State Farm ($2,304 per year)

Nationwide is the most expensive provider for those with a DUI, at $6,263 per year. Mercury has the highest rate after an at-fault accident, at $6,232 per year. Drivers caught speeding will find that GEICO is the most costly at $4,370 per year. The type of driving offense may influence car insurance rates, but you can still find affordable options depending on the insurer.

Insurance rates in cities like Pompano Beach escalate according to the severity of a driving offense, as riskier drivers pose a greater potential cost to insurers. For example, individuals with a DUI pay an average annual rate of $5,142, compared to $4,473 for those with a speeding ticket. This disparity highlights the importance of comparing insurance rates for drivers with offenses, as finding the right deal could result in significant savings.

MoneyGeek found that Nationwide offers the cheapest car insurance for teens in Pompano Beach. These are the most affordable rates:

• Nationwide: $4,751 per year for female teens and $5,351 per year for male teens
• State Farm: $5,196 per year for female teens; GEICO: $5,866 per year for male teens

These rates are for a family policy that includes two parents and a teen driver. Farmers has the most costly policy for families with teen drivers in Pompano Beach, costing around $7,365 for female teens. This sizable difference of $2,614 between Nationwide and Farmers highlights the importance of comparing quotes, especially when insuring teen drivers who typically face higher insurance costs due to their risk profile.

In Pompano Beach and other cities, teen drivers face significantly higher car insurance premiums when purchasing individual policies than when added to a family plan. An individual teen policy costs around $12,381 per year, whereas teens included in a family policy pay an average annual rate of $6,620. The premium difference reflects the additional risks insurers associate with independent teen drivers. High accident rates among teens often translate into heightened scrutiny from insurers, making individual policy approval challenging. Families are advised to explore joint policies for cost efficiency and greater acceptance rates.

MoneyGeek found that Travelers offers the cheapest car insurance for military backgrounds in Pompano Beach. These are the two top choices for budget-conscious military individuals seeking comprehensive coverage:

• Travelers: $1,901 per year
• State Farm: $2,033 per year

USAA is also known to offer competitive rates nationally. It provides exceptional services specifically tailored to meet the needs of the military community.

Shopping for car insurance in Pompano Beach can help you find savings. However, researching three or more companies can take over an hour.

To streamline this process, utilize MoneyGeek's car insurance calculator. By inputting key details, such as age, driving history and desired coverage, you can quickly receive rate estimates tailored to your circumstances.

Choosing the best auto insurance requires weighing various factors, including service quality, cost, coverage options and personal preferences. MoneyGeek utilized distinct scoring systems for each category to identify top insurers in Pompano Beach:

• Best overall: State Farm (MoneyGeek score 83 out of 100)
• Best for service: Mercury (MoneyGeek score 83 out of 100)
• Best cheap: Mercury (MoneyGeek score 84 out of 100)

Mercury is the best option for service and affordability, making it an excellent choice for budget-conscious consumers and those prioritizing top-notch customer experience. State Farm provides a balanced blend of service and affordability, delivering the best overall value for customers seeking comprehensive coverage in Pompano Beach. Each company caters to a different niche, ensuring that there is a suitable option for every driver’s unique requirements.

MoneyGeek found that State Farm offers the best car insurance in Pompano Beach. It ensures that its policyholders receive an excellent blend of satisfaction and affordability.

• State Farm: MoneyGeek score of 83 out of 100 ($2,033 per year)
• Mercury: MoneyGeek score of 81 out of 100 ($2,956 per year)

State Farm distinguishes itself with its excellent customer satisfaction and highly competitive pricing, which are the major elements contributing to its high MoneyGeek score for a full coverage policy. These factors assure customers of a reliable insurance experience that aligns with their financial and service quality expectations.

MoneyGeek found that Mercury is the premier option for car insurance customer service in Pompano Beach. With a remarkable focus on overall customer satisfaction, claims service and the breadth of coverages offered, ratings were garnered regardless of premium rates. These are the two top scorers:

• **Mercury: **MoneyGeek score of 83 out of 100 ($2,956 per year)
• State Farm: MoneyGeek score of 75 out of 100 ($2,033 per year)

Mercury distinguishes itself by achieving the highest scores, excelling in customer satisfaction and claims handling. These crucial factors significantly contribute to its leading MoneyGeek score, ensuring policyholders receive outstanding service and reliable support in the event of a claim.

MoneyGeek found that Mercury is the best option for affordable car insurance in Pompano Beach. It offers the perfect balance between cost-effectiveness and service quality.

• Mercury: MoneyGeek score of 84 out of 100 ($1,121 per year)
• Travelers: MoneyGeek score of 81 out of 100 ($895 per year)

Mercury stands out with its high MoneyGeek score, primarily because of its exceptional customer satisfaction and strong claims processing. Although it comes with a slightly higher annual premium, the overall value provided for a minimum coverage policy makes it a clear winner in Pompano Beach.

In Pompano Beach, Florida, the average car insurance cost is $2,696 per year. This figure exceeds the Florida state average of $2,392, revealing a $304 difference. The Florida state average is also higher by $611 than the national average of $1,781, showcasing that Floridians pay more for car insurance than other drivers in the U.S.

Car insurance premiums are determined by various factors, of which location plays a crucial role. When calculating rates, insurers consider the frequency of accidents, thefts, vandalism and environmental risks specific to an area. For instance, Gainesville is the city with the least expensive premium at $1,699 per year, while Hialeah ranks the most costly at $3,233 — a difference of $1,534 between cities. It’s worth noting that insurance costs may be even lower in less congested non-city areas with decreased traffic density.