Travelers offers the cheapest minimum coverage in Florida for most low-income drivers with clean records and good credit. Nationwide and State Farm are often more affordable if you have bad credit or violations.
Cheapest Low-Income Car Insurance in Florida
Updated: February 6, 2025
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Key Takeaways
Florida doesn't have a specific low-income car insurance program, but affordable plans are available to meet state minimum coverage requirements.
The most cost-effective insurance options for low-income drivers include GEICO, Travelers, State Farm and Nationwide.
To save on car insurance, compare providers and look for discounts to reduce your premiums.
Cheapest Car Insurance Companies for Low-Income Drivers in Florida
| Travelers | Young Drivers | $60 |
| Travelers | Adults | $55 |
| GEICO | Seniors | $53 |
| State Farm | Drivers With a Speeding Ticket | $66 |
| State Farm | Drivers With a DUI | $66 |
| State Farm | Drivers With an Accident | $71 |
| Nationwide | Bad Credit | $109 |
*All rates in this table, except for adults, are based on a modified profile of a 40-year-old driver with good credit and a clean record insuring a 2012 Toyota Camry. The age ranges are 22 to 29 for young drivers, 30 to 59 for adults and 60+ for seniors.
Compare Cheap Low-Income Car Insurance Providers
Use the table below to find the most affordable auto insurance provider for your driver profile.
Data filtered by:Results filtered by:
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Age Range:30-59
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Driving Record:Clean
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Credit Score:Good
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Coverage Level:State Minimum Liability Only
| Travelers | $55 | $657 |
| GEICO | $57 | $687 |
| State Farm | $58 | $694 |
| Nationwide | $80 | $955 |
| Mercury | $81 | $972 |
Cheapest Car Insurance for Families With Low Income in Florida
GEICO offers the most affordable auto insurance for low-income families in Florida. Monthly rates start at $109 for married couples with teens, $163 for single parents and $51 for adding a spouse without a teen.
Data filtered by:Results filtered by:
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Family Type:Married Couple with Teen
| GEICO | $1,305 | $109 |
| Nationwide | $1,589 | $132 |
| Travelers | $1,727 | $144 |
| Allstate | $1,730 | $144 |
| State Farm | $1,872 | $156 |
| Farmers | $2,509 | $209 |
| Progressive | $3,004 | $250 |
*Rates for couples and single parents with teens apply to a 16-year-old driver. Those for a married couple without children are based on a 40-year-old male with good credit and a clean driving record.
Tips to Save On Car Insurance for Low-Income Drivers
Check out these ways to reduce your car insurance costs in Florida:
- 1
Choose minimum coverage
Selecting minimum coverage is often the most affordable way to meet legal requirements. However, it offers limited protection and may not cover all costs in an at-fault accident.
- 2
Compare quotes
Gathering quotes from various providers helps you find the most affordable option. For a thorough comparison, use provider websites, independent brokers, provider agents and online comparison tools.
- 3
Look for discounts
Insurance companies offer discounts for a good driving record, academic excellence and military service. Residents can benefit from a defensive driving course discount, taken online for as low as $25, saving you 10% on auto insurance premiums for three years.
- 4
Increase your deductible
Opting for a higher deductible on collision or comprehensive coverage can reduce your monthly premiums. Be sure you can afford it should you file a claim.
- 5
Consider pay-per-mile insurance
For low-mileage drivers, pay-per-mile insurance offers a low base rate plus per-mile charges, helping you save by paying only for the miles you drive.
- 6
Bundle your policies
Bundling home and auto insurance can help Florida residents save significantly with up to 28% savings on average total.
- 7
Get a cheaper car
Your vehicle's make, model and year affect premiums due to repair and replacement costs. Choosing a cheaper car to insure, like an older, reliable model, can save you hundreds annually.
Minimum Car Insurance Requirements in Florida
Drivers in Florida must meet these minimum car insurance requirements:
- $10,000 in property damage liability per accident
- $10,000 in personal injury protection (PIP) per person
If you're leasing or financing a vehicle, you must have a split of 100/300/100 liability coverage and comprehensive and collision protection.
WHY MINIMUM COVERAGE MAY NOT BE RIGHT FOR YOU
Minimum coverage pays for the other driver's expenses if you cause an accident but doesn't cover your car's repairs or legal costs. If you drive often and can afford it, consider getting more than the minimum for extra financial protection.
Cheap Low-Income Car Insurance in Florida: Bottom Line
In Florida, Travelers offers the most affordable car insurance for low-income drivers with clean records and good credit. State Farm is the top choice for high-risk drivers, especially those with speeding tickets, DUIs or accidents. To get the best deal, compare multiple providers through different channels.
Low-Income Auto Insurance in Florida: FAQ
Finding affordable car insurance is hard for low-income drivers. Get answers to common questions on saving money.
What is the cheapest car insurance for low-income drivers in Florida?
Minimum coverage is generally the most affordable choice for low-income drivers, though it may not suffice if you're financing or leasing a vehicle. Travelers has the lowest monthly rates in Florida: $55 for minimum coverage and $113 for full coverage.
Does Florida have a state-supported low-income car insurance program?
Florida has no state-supported program for low-income drivers to obtain car insurance.
Does your income affect the cost of car insurance in Florida?
Income doesn't directly affect car insurance costs in Florida. Factors like driving history and vehicle type matter more to insurers.
How We Chose the Cheapest Car Insurance for Low-Income Drivers
Study Overview
MoneyGeek analyzed Florida auto insurance rates using data from the Florida Office of Insurance Regulation and Quadrant Information Services.
Data Acquisition, Depth and Analysis
MoneyGeek analyzed 328,384 quotes from 14 companies across 370 ZIP codes to determine the average cost of car insurance for drivers with low income in Florida.
Sample Driver Profile
We used a sample driver profile with the following attributes to determine average car insurance rates for low-income drivers in Florida:
- 40-year-old male
- 2012 Toyota Camry LE
- Clean driving record
- 12,000 miles driven annually
To determine rates for specific driver profiles, we adjusted factors such as age, family status, driving history and credit standing.
Our study defines seniors as 60 or older, young drivers as 22 to 29 and adults as 30 to 59. Married couples with a child include 40-year-old male and female drivers with a 16-year-old teen. Single parents with children are 40-year-old male or female drivers with a 16-year-old teen.
Coverage Levels and Deductibles
Our data shows rates for minimum coverage, which follows the requirements set by Florida law, and offers affordable options for low-income drivers.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.