Car insurance is cheaper in Florida than in New York, on average. But auto coverage is more expensive in Florida than pretty much everywhere else in the U.S., according to WalletHub’s research. So, if you’re moving from one of the other 48 states, you may find Florida car insurance expensive.
However, this may not be true if you relocate from a major metropolitan area to one of Florida’s less populated counties, or vice versa. For example, if you move from Philadelphia, Pennsylvania to Ocala, Florida, your insurance costs are likely to become much cheaper. A move from New Hope, Pennsylvania to Miami will have the opposite effect.
Many people expect car insurance to be cheap in Florida because of its low minimum coverage requirements. However, other factors in the state drive rates up.
Why Car Insurance Is Not Cheaper in Florida:
- Large population of high-risk drivers, young and old
- Highest level of uninsured motorists in the country
- Destructive weather events — tropical storms, hurricanes
- High population density in its major cities
- Steady influx of tourists
If you’re planning either a permanent or seasonal move to Florida, make sure you understand Florida car insurance laws. Then, if you decide to register and insure a car in the Sunshine State, get quotes from some of the companies known for having the cheapest Florida auto insurance rates. They include Progressive, GEICO, Liberty Mutual and State Farm.
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