Cheapest Car Insurance in Florida

Travelers offers the most affordable car insurance in Florida, with average costs at just $55 monthly and $657 annually for minimum coverage. These rates are $337 less per year compared to the state's average, offering significant savings. Data from Quadrant Information Services confirms these are the lowest rates for Floridians as of December 2024. Read our research methodology to learn about how we found the cheapest Florida car insurance.

The cheapest car insurance company for most drivers in the Sunshine State is Travelers, with an average monthly cost of $84 for both state minimum and full coverage. This rate is well below Florida's average of $128. Other affordable choices include State Farm, GEICO, Nationwide and Progressive.

*We used combined minimum and full coverage rates for a 40-year-old driver with good credit and no driving violations to calculate these averages.

Travelers is the most affordable car insurance company for both state minimum and full coverage for many drivers in Florida. However, your cheapest rate depends on your background. Below, we highlight the most affordable car insurance rates for various driving profiles.

Read More: Cheapest Car Insurance

Travelers, GEICO, State Farm and Mercury all provide cheap minimum liability coverage for drivers in the Sunshine State. Use the table below to explore rates for similar companies with the best minimum coverage rates, and see how they compare to the monthly state average of $83.

Travelers is the cheapest provider for full coverage auto insurance in Florida, with rates averaging $113 per month or $1,355 per year. This is $61 less than the state's average cost. Check the table below for more provider options.

In Florida, young adult drivers fare best with Travelers for affordable minimum coverage. A 25-year-old driver can expect to pay about $60 per month with Travelers.

*We used minimum coverage for a 25-year old driver with good credit and no driving violations to determine the cheapest provider.

For young drivers in the Sunshine State, Travelers and State Farm offer some of the most affordable auto insurance options. Rates vary, but Travelers provides minimum coverage starting at $60 monthly. State Farm is a great choice for those with a DUI or speeding ticket, with rates around $75 per month. Check the table below for more options and find the best fit for your needs.

Read More: Cheapest Car Insurance for Young Drivers

Senior drivers in Florida can find affordable rates with GEICO. The average monthly cost is $53 for 65-year-olds seeking minimum coverage.

*We used minimum coverage for a 65-year old driver with good credit and no driving violations to determine the cheapest provider.

GEICO offers the most affordable minimum coverage for senior drivers at $53 per month. State Farm provides full coverage at $106 per month. For those with bad credit, Nationwide offers rates at $103 per month. Your quotes may differ, but use these rates as a guide for your car insurance shopping experience.

Read More: Cheapest Car Insurance for Seniors

Drivers in the Sunshine State with a DUI, at-fault accident or speeding ticket are considered high-risk by insurers and typically pay more for car insurance than those with clean records. For high-risk drivers, premiums vary depending on the offense. Below are the best rates for drivers with these violations.

State Farm offers the best rates for Florida drivers with DUIs, averaging $66 per month ($787 per year) for minimum coverage. Check the table below for a list of insurance providers and their average monthly premiums for drivers with DUIs in the Sunshine State.

*We used a 40-year-old driver with good credit and a DUI on record to calculate these averages.

With rates averaging $71 per month ($852 per year), State Farm is the cheapest company for drivers after an at-fault accident. The table below shows other insurers offering affordable coverage for drivers with accidents on their records. Rates are for a minimum coverage policy.

*We used a 40-year-old driver with good credit and an at-fault accident on record to calculate these averages.

State Farm offers the cheapest auto insurance for Florida drivers with a speeding ticket, averaging $66 per month. Check the table below to compare other providers offering minimum coverage for drivers with a speeding ticket.

*We used a 40-year-old driver with good credit and a speeding ticket on record to calculate these averages.

State Farm is the cheapest car insurance provider for drivers with poor credit, offering rates as low as $66 monthly and $787 annually for minimum coverage. Review the table below for more options from other providers.

*These rates are based on a 40-year-old driver with bad credit and a clean driving record.

Your car insurance rates are heavily influenced by your location. Even within the Sunshine State, rates can vary widely across cities due to factors like how many people live there, flood risk and crime.

For example, GEICO offers a minimum coverage policy in Cape Coral for just $45 a month, while the same policy costs an average of $72 per month in Tampa. Check the table below to find your city, the most affordable company and its lowest average monthly car insurance rate.

*The lowest rate reference is for a minimum coverage policy for 40-year-olds with good credit and no driving violations.

For Floridians, Travelers is your go-to for affordable bundle home and auto insurance at just $3,100. Check the table below for more cost-effective options.

*Rates are for a 40 year old driver with good credit and no driving violations

In Florida, full coverage car insurance averages $174 monthly, while state minimum coverage is about $83. By understanding the average cost of car insurance in Florida, Floridians can gauge if they're getting a fair rate on their auto insurance.

In Florida, car insurance rates change by city. See this table for average minimum and full coverage costs in your area.

Florida ranks third in the nation for costly car insurance. High population density, frequent natural disasters, and a high vehicle theft rate contribute to these expenses. For more details on why car insurance is expensive in Florida, visit our guide.

Under Florida law, all drivers must have car insurance policies that meet the state's minimum coverage limits. These limits include $10,000 for Property Damage Liability per accident and $10,000 for Personal Injury Protection per person.

If you finance or lease your car, expect to need comprehensive and collision insurance on top of the minimum liability coverages. While opting for a minimum liability auto insurance policy is more affordable, it offers the least financial protection. For greater peace of mind, experts suggest choosing full coverage insurance with the highest deductible and liability limits you can comfortably afford.

Drivers with serious traffic violations, like speeding or drunk driving, might need to file for SR-22 insurance, which can increase your premium. In Florida, either you or your insurance provider can submit the SR-22 form. It's valid for three years from your most recent offense.

In the Sunshine State, a surety bond is a common alternative to traditional car insurance. It works by guaranteeing payment up to the state minimum coverage if you cause an accident. This helps meet Florida's insurance requirements without a standard policy.

For business owners, self-insurance is an option. By showing financial stability, you can cover potential claims yourself. This means setting aside funds to pay for any damages, offering flexibility and control over your coverage.

MoneyGeek recommends that drivers get full coverage car insurance for the best protection. This includes liability, collision, and comprehensive coverage. We advise the following liability limits for your policy:

• $100,000 in bodily injury liability per person
• $300,000 in bodily injury liability per accident
• $100,000 in property damage per accident

Comprehensive coverage pays for damage to your car from events like theft, vandalism, or severe weather when you're not on the road. Collision coverage, on the other hand, helps pay for repairs if your car is damaged in a road accident.

If your car has high value, MoneyGeek suggests getting both comprehensive and collision insurance, even though it's not required by law. It's smart to choose a deductible for these coverages that you can handle paying on your own before insurance covers the remaining costs.

Travelers has Florida's cheapest state minimum and full coverage car insurance, starting at $55 and $113 per month. While saving money sounds good, remember, the cheapest isn't always the best for car insurance. Experts say get as much coverage as you can afford to stay safe on the road.

MoneyGeek helps you find affordable car insurance in the Sunshine State. We answer common questions about the cheapest options to ensure you get the right coverage for your needs. Simplify your search with our expert insights.

MoneyGeek obtained Florida auto insurance rates from the Florida Office of Insurance Regulation and Quadrant Information Services. We examined 127,836 auto insurance quotes from 9 providers across 258 ZIP codes to determine the most affordable car insurance companies in Florida.

Florida Driver Profile

We used a driver profile with the following background information to identify the cheapest auto insurance companies in Florida:

• 40-year-old male
• 2012 Toyota Camry LE
• Clean driving record
• 12,000 miles driven annually

To find the cheapest option for various driver backgrounds, we adjusted this sample profile by age, driving record, credit score, car make and model, and military service where specified.

Standard Coverage Levels in Florida

We compared car insurance companies in Florida that offer both minimum and full coverage policies. The minimum coverage liability limits in Florida are:

• N/A for bodily injury liability per person.
• N/A for bodily injury liability per accident.
• $10,000 for property damage liability per accident.
• N/A uninsured motorist bodily injury per person
• N/A uninsured motorist bodily injury per accident
• N/A uninsured/Underinsured property damage coverage
• $10,000 personal injury protection (PIP) per person
• N/A personal injury protection (PIP) per accident
• N/A medical payments coverage
• N/A death liability per person
• N/A death liability per accident

For full coverage policy rates, we used the following liability limits:

• $100,000 for bodily injury liability per person
• $300,000 for bodily injury liability per accident
• $100,000 for property damage liability
• Comprehensive and collision coverage with a $1,000 deductible

Home and Auto Coverage Levels in Florida

MoneyGeek analyzed the rates of insurance companies for a full-coverage auto insurance policy that includes the following coverage and limits:

• $100,000 in property damage liability
• $100,000 bodily injury liability per person
• $300,000 bodily injury liability per accident
• Comprehensive and collision coverage with a $1,000 deductible

We also analyzed rates for a homeowners insurance policy that includes the following limits and coverage:

• $250,000 dwelling coverage
• $25,000 other structures coverage
• $100,000 personal property coverage
• $25,000 loss of use coverage
• $100,000 personal liability coverage
• $1,000 medical payments coverage
• All-perils coverage with a $1,000 deductible