The average cost of auto insurance in Florida is $134 per month for minimum-coverage and $316 per month for full-coverage.
Key takeaways ; In Florida, full coverage car insurance costs an average of $300 per month, while minimum coverage is $93 per month. ; Full coverage car insurance in Florida costs 51 percent more than the average cost of car insurance nationwide. ; Minimum coverage car insurance in Florida costs around 67 percent more than the national average. ; Men often pay more for insurance coverage than women, but that gap starts to close around age 30 for Florida drivers.
Best for cheap car insurance: Geico ; Best for bad credit: Bristol West ; Best for drivers with speeding tickets: Travelers ; Best for teen drivers: State Farm ; Best for military members and veterans: USAA ; Best for bundling: Florida Farm Bureau
Overview ; No-fault auto insurance laws require every driver to file a claim with their own insurance company after an accident, regardless of who was at fault. In states with no-fault laws, all drivers are required to purchase personal injury protection (PIP), as part of their auto insurance policies. In its strictest form, the term no-fault applies only to state laws that both provide for the payment of no-fault first-party benefits and restrict the right to sue, the so-called “limited tort”...
Florida, like many other states, has a no-fault insurance system, designed to streamline the process of financial recovery after a car accident. Learn more…
By Chris Frechette, vice president, liability practice · The promise of savings and disenchantment with the time and cost of litigating automobile claims in the courts gave rise to “personal injury protection” (PIP) and a “no-fault” approach to auto insurance in the 1970s. Under this system, the injured party receives benefits from their own insurer, regardless of fault, and an at-fault driver can only be sued under certain exceptional circumstances. As hoped, early assessments of state-specific PIP programs showed that disparities in ...
The top 5 cheapest car insurance companies in Florida are Geico, Travelers, State Farm, Farmers and Nationwide. ; Florida drivers pay some of the highest auto insurance rates in the country, at nearly 86.1% more than the national average for full coverage. ; Full-coverage car insurance rates have risen 7.3% over the last year in Florida, putting additional strain on drivers’ household budgets.
Car insurance company, Florida avg. premium before a speeding ticket, Florida avg. premium after a speeding ticket ; Allstate, $3,687, $4,641 ; Geico, $2,939, $3,968 ; Progressive, $2,795, $3,649
No-fault car insurance covers medical expenses for you and your passengers. Our guide to no-fault insurance explains how it works and whether or not you need to buy it.
Florida commercial auto insurance provides essential coverage for businesses operating in Florida. Read this guide to know the coverage requirements, add-ons, and more. Compare quotes online starti...