How can I lower my car insurance rates in Florida? This question is about Cheap Car Insurance in Florida

How can I lower my car insurance rates in Florida?

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This question is about Cheap Car Insurance in Florida

Delaney Simchuk, Car Insurance Writer

@delaney_simchuk • 01/17/23 This answer was first published on 10/19/22 and it was last updated on 01/17/23.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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To lower car insurance rates in Florida, drivers can compare quotes, look for discounts, and potentially consider reducing their coverage. How much your specific car insurance policy costs will also depend on your age, your car, and your driving history. As a result, a safer car, defensive driving classes, and improved performance behind the wheel could help you save, too.

On average, full coverage car insurance in Florida costs about $6,685 per year, and state-minimum coverage costs around $2,313 per year.

How to Lower Car Insurance Costs in Florida

1. Compare quotes.

Drivers in Florida can save an average of $3,084 per year just by shopping around and picking the car insurance company with the best rates. To start, you can compare quotes from WalletHub’s picks for the best car insurance companies in Florida.

2. Look for discounts.

You may be eligible for car insurance discounts such as usage-based, good driver, and good student.

3. Take a defensive driving class.

If your insurer offers it, you can take a defensive driving class to receive an auto insurance discount. This discount may apply for several years.

4. Reduce your coverage.

If you cannot afford your current car insurance payments, you could consider reducing your coverage down to Florida’s minimum coverage requirements. Drivers in Florida are required to carry at least personal injury protection and property damage liability.

Alternatively, if you already have minimum coverage, you could consider switching to a car that’s cheaper to insure.

To learn more, check out WalletHub’s picks for the cheapest car insurance companies in Florida.

Answer Question

What car insurance discounts are available in Florida?

You can get car insurance discounts in Florida based on how you drive, the car you own, and your relationship with your insurance company. In Florida, car insurance companies are allowed to consider factors like employment, residential, and marital status when setting premiums. That means there are also discounts available for being married, owning a home, or being affiliated with certain employers or educational institutions.… read full answer

Almost anyone can get a discount on car insurance in Florida because most insurance companies make it easy to qualify for a variety of savings. Florida insurers typically offer discounts that fall into one of three categories—policy discounts, driver discounts, and vehicle discounts.

Policy discounts typically reward customer behavior that is desirable to the insurance company. For example, most Florida drivers can save by registering for paperless billing or getting both home and auto policies from the same company. Driver discounts are available to Florida residents who are lower-risk to insure, like those with clean driving records. And vehicle discounts help drivers save if their car has certain safety features or anti-theft systems.

Car Insurance Discounts in Florida

Discount	How It Works	Potential Savings
Customer Loyalty	Customer loyalty discounts are not available in Florida because state laws prevent insurance companies from adjusting rates based on the likelihood a customer will not switch companies.	N/A
Good Driver	Drivers with a clean record and no claims history save on insurance.	10% to 30%
Driver Education	Drivers aged 55 and older are eligible for a discount if they complete an approved driver’s education course under Florida state law.	5% to 10%
Continuously Insured	Drivers who have been insured for 6 months or more save on insurance.	5% to 25%
Billing and Payments	If you pay for your policy in full, set up automatic payments, pay online, or go paperless, you can save.	2% to 25%
Policy Bundling	Insure multiple vehicles or get different policy types (like home and auto) from the same company can earn a discount.	1% to 12%
Good Student	Young drivers with a “B” average or higher are eligible for discounts.	5% to 20%
Usage-Based	Some insurance companies offer discounts for drivers who are willing to have their driving habits monitored by an electronic device attached to your car and/or your smartphone.	1% to 30%
Safety Features	Cars featuring multiple airbags, anti-lock brakes, daytime running lights, and other safety add-ons can save on car insurance.	2% to 30%
Anti-Theft Systems	Car alarms, LoJack, steering wheel locks, or other anti-theft features can make comprehensive coverage more affordable.	5% to 25%

Remember, discounts vary among different insurance companies, so it’s always best to contact the provider directly to determine which discounts you qualify for.

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Do I need car insurance in Florida?

Yes, you do need car insurance in Florida. Drivers in Florida need at least personal injury protection and property damage liability for a minimum coverage policy, and it’s a good idea to also consider optional types of coverage to ensure you’re fully protected in the event of an accident.

Car insurance in Florida costs an average of $68 per month for a minimum coverage policy and an average of $267 monthly for full coverage.… read full answer

Types of Car Insurance Required in Florida

Personal injury protection of at least $10,000. Personal injury protection pays for medical expenses, lost wages, and household expenses after a you or your passengers are injured in a car accident.

Property damage liability of at least $10,000. Property damage liability insurance pays for other drivers' property damage in accidents you cause. It can cover things like vehicle repairs or damage to stationary objects like houses or fences.

Monthly Cost of Car Insurance in Florida

Company	Average Premium
USAA	$24
Geico	$25
Liberty Mutual	$26
Travelers	$53
Nationwide	$54

Premiums are representative of a 45-year-old good driver with a minimum coverage policy.

Florida is similar to the majority of states in that it requires all drivers to have at least a certain amount of car insurance. Virginia and New Hampshire, on the other hand, are the only states that do not require drivers to carry traditional auto insurance.

To learn more, check out WalletHub’s guides to how much insurance you need and the penalties for driving without insurance.

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How much is car insurance in Florida per month?

Car insurance in Florida costs $103 per month or $1,242 per year for minimum coverage, on average. The cheapest car insurance companies in Florida are Geico, State Farm, and Travelers, and getting quotes from several companies can help you find the best deal.

The average cost of car insurance in Florida is 85% higher than the … read full answer national average auto insurance premium. There are several factors that affect how much you’ll pay for car insurance in Florida, including your driving record, age and location, the amount of coverage you purchase, and the insurance company you buy it from.

Average Cost of Car Insurance in Florida by Category

After an at-fault accident: $329 per month

Driver with poor credit: $191 per month

Teen driver: $442 per month

After a DUI: $167 per month

Average Cost of Car Insurance in Florida by Company

Company	Minimum Coverage	Full Coverage
Allstate	$1,744 per year	$4,694 per year
Direct Auto	$1,327 per year	$4,069 per year
Farmers	$1,196 per year	$3,256 per year
Geico	$474 per year	$2,197 per year
Mercury	$979 per year	$3,274 per year
Nationwide	$1,086 per year	$2,925 per year
Progressive	$1,548 per year	$3,580 per year
State Farm	$796 per year	$2,185 per year
Travelers	$801 per year	$2,411 per year
United Automobile	$2,101 per year	$3,687 per year

Note: Rates are an approximation based on a 45-year-old man in Florida with a clean driving record. Actual rates will vary.

Average Cost of Car Insurance in Florida by Age

Age	Average Annual Premium
16 years old	$5,301 per year
17 years old	$4,459 per year
18 years old	$3,930 per year
19 years old	$2,728 per year
20 years old	$2,500 per year
21 years old	$2,009 per year
22 years old	$1,833 per year
23 years old	$1,694 per year
24 years old	$1,613 per year
25 years old	$1,440 per year
35 years old	$5,301 per year
45 years old	$1,275 per year
55 years old	$1,157 per year
65 years old	$1,199 per year

Note: Rates are an approximation based on a driver in Florida with minimum coverage and a clean driving record. Actual rates will vary.

How to Lower the Cost of Car Insurance in Florida

Shop around and compare quotes. We recommend comparing quotes from at least three different insurance companies to make sure you are getting the best rate.

Choose a higher deductible. Your deductible is the amount you have to pay out of pocket before your insurance kicks in. Choosing a higher deductible can lower your premiums but means you will have to pay more out-of-pocket when you file a claim.

Consider lowering your coverage. Consider purchasing only the minimum amount of coverage required by your state, rather than purchasing higher limits or a full coverage policy.

Look for discounts you may be eligible for. For instance, most insurance companies offer a good-driver discount for customers with a clean driving record, a good-student discount, or a discount for paying your premiums in full up front.

To learn more, check out our guide to how much car insurance you need in Florida as well as our picks for the cheapest car insurance companies in Florida.

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