Florida’s Affordable Car Insurance Options – January 2023

A full coverage auto insurance policy from State Farm in Florida costs an average of $142 dollars per month, making it the most affordable option in the state.
You won’t be able to easily navigate Florida’s highways without auto insurance, especially considering that the Insurance Research Council estimates that around one in five drivers in the state do not have insurance as of 2019.

In spite of this, finding affordable vehicle insurance in the Sunshine State might be a challenge at times. According to research conducted by NerdWallet, the state of Florida has the second most expensive full coverage premiums on average in the United States.

Obtain out how old you are and how long you’ve been driving in order to find the lowest auto insurance in Florida, along with the minimal standards imposed by the state, by reading the rest of this article. If you are looking for the most comprehensive coverage for your vehicle, be sure to take a look at our ranking of the top auto insurance companies in the state of Florida.

NerdWallet researched the cost of vehicle insurance in some of the most populous cities in Florida, including the following, to help you get the most affordable policy possible in your area:

Fort Lauderdale.

Jacksonville.Form Responses

Miami.

Orlando.

St. Petersburg.

Tampa.

How we determined which Florida companies offer the best deals on their products and services
The editors at NerdWallet researched the prices offered by a total of 12 auto insurance providers in the state of Florida and came up with a list of the five most affordable options for drivers of varying ages and driving records who all operate a 2020 Toyota Camry L. Regarding the state of Florida’s minimum coverage requirements, we investigated the costs of policies that meet those specifications. The following coverage limits were utilized in order to achieve full coverage:

In the event of bodily damage, each individual will receive $100,000.

$300,000 per accident for injuries to people.

$50,000 property damage liability per accident.

coverage for uninsured motorists of up to one hundred thousand dollars per person

Coverage for uninsured motorists of up to $300,000 per accident is included.

with a deductible of one thousand dollars for the collision coverage.

Complete protection with a deductible of one thousand dollars.

The lowest rate applies to those who are 20 years old.
It’s possible that drivers in their 20s will need to shop around for car insurance to get the policy that fits their requirements at the lowest possible cost. Prices can be exorbitant for individuals in their 20s, but they have a tendency to become more reasonable as drivers gain experience. However, it is in the best interest of young drivers to shop about in order to discover insurance providers who offer more affordable premiums for their policies.

For a driver aged 20 years old in the state of Florida, the most affordable comprehensive auto insurance policy is
Drivers in the state of Florida who have a history free of moving violations may want to take a look at the following businesses, which had the lowest average rates:

Approximately $332 per month or $3,986 per year with State Farm.

Geico charges approximately $346 each month, or $4,158 per year.

$4,457 each year for tourists, which comes out to roughly $371 per month.

AIG: $5,067 annually, which is equivalent to approximately $422 each month.

United Auto: $5,625 per year, which comes out to approximately $469 each month
The state of Florida’s minimal liability vehicle insurance policy for drivers aged 20 is the cheapest in the nation.
If a driver in the state of Florida is merely interested in the bare bones of insurance protection required by the law, he or she may choose to check with the following firms, who had the lowest average premiums:

Approximately $65 per month, or $780 every year, for Geico.

For travelers, the annual fee is $902, which comes out to around $75 each month.

The annual premium for State Farm car insurance is $914, which comes out to around $76 each month.

Across the nation, $1,134 per year, which is approximately $94 every month.

About $123 each month or $1,481 per year, according to AIG.
Finding the cheapest auto insurance in Florida for a 20-year-old with a poor credit history
The following insurance companies in Florida have some of the lowest average prices for minimal coverage, therefore Florida drivers with poor credit should look into insuring yourself with them:

About $124 every month, or $1,493 per year, if you go with Direct Auto.

Geico charges approximately $132 per month, or $1,588 per year.

AIG: $1,596, which is equivalent to approximately $133 each month.

Approximately $146 each month, or $1,746 per year, across the nation.

The cost of traveling is around $176 per month, or $2,115 per year.
Cheapest auto insurance in Florida for a driver age 20 with one speeding ticket These insurance providers in Florida have the lowest average prices for the minimum coverage required for drivers who have recently been issued a speeding ticket:

Approximately $70 per month, or $835 every year, for Geico.

$1,107 a year, which comes out to approximately $92 per month for tourists.

Insurance through State Farm costs around $95 per month, or $1,135 per year.

Approximately $123 each month, or $1,472 per year, across the nation.

Mercury: $1,748 per year, which comes out to approximately $146 per month.
The cheapest auto insurance in Florida for a motorist age 20 who has been at fault in one accident and has had one other collision in their driving history
For Florida drivers who have been involved in an accident within the past year, the following companies have the lowest average rates for the minimum coverage required by the state:

Geico charges approximately $73 per month, or $878 per year.

The cost of travel is approximately $99 per month, or $1,191 per year.

Priced at around $114 per month or $1,367 per year on a national scale.

Insurance through State Farm costs around $115 per month, or $1,379 per year.

The annual fee for Direct Auto is $1,774, which comes out to around $148 per month.
A driver in Florida who is 20 years old and gets a DUI will see the most increase in their auto insurance premiums.
After a DUI, the following companies offered the least expensive vehicle insurance that we could discover, along with the average rates for the bare minimum of coverage that each provider offered.

The annual premium for Geico is $1,129, which comes out to approximately $94 each month.

$1,336 each year, which comes out to approximately $111 per month for tourists.

AIG: $1,593, which is equivalent to approximately $133 each month.

The annual fee for Direct Auto is $1,607, which comes out to around $134 per month.

Insurance from State Farm costs around $139 per month, or $1,672 per year.

Those drivers who are 30 years old or younger pay the lowest rates.
The majority of drivers will see a decrease in their auto insurance costs when they reach their 30s compared to when they were in their teens and 20s. Even yet, the price of insurance can be affected by factors such as a person’s driving history as well as the brand and type of their vehicle. Drivers who are in their 30s have the opportunity to receive better rates if they search about and take advantage of any discounts that are offered.

For drivers over the age of 30, the state of Florida offers the most affordable comprehensive auto insurance at.
Checking with the following firms, which had the lowest average rates, is a good idea for motorists in the state of Florida who want the minimal coverage required by their state:

Insurance through State Farm costs around $146 per month, or $1,757 per year.

Approximately $208 per month, or $2,493 per year, for Geico.

Approximately $215 per month, or $2,582 per year, for travelers.

The average annual cost is $3,203, which comes out to approximately $267 each month across the country.

About $278 per month or $3,333 per year, according to AIG.
Auto insurance with the cheapest possible minimum level of coverage for drivers aged 30 and older in Florida
Checking with the following firms, which had the lowest average rates, is a good idea for motorists in the state of Florida who want the minimal coverage required by their state:

Aproximately $29 per month or $346 a year with State Farm.

The annual premium for Geico is $520, which comes out to approximately $43 each month.

Travelers pay a total of $606 every year, which is approximately $50 per month.

$618 per year, which is approximately $52 per month for the entire nation.

Mercury: $935 per year, which comes out to approximately $78 per month.

 

 

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