The best car insurance companies in Florida are Geico, Travelers, State Farm, Progressive and Allstate, according to our industry-wide research
Looking for the cheapest car insurance in Florida? We’ve crunched the data for several different driver profiles and found some of the lowest-cost insurers for basic coverage in the state.
Geico offers the cheapest car insurance rates in Florida with average annual rates of $650 for minimum-coverage policies and $2,087 for full coverage.
The average cost of minimum-coverage car insurance in Florida is 86% more than $72 — the national average — and 42% higher than $223 for full coverage. ; Florida has the third-highest average minimum-coverage premiums in the country and the sixth-highest average rates for full-coverage. ; The rising rate of fatal accidents, “no-fault” insurance laws and frequent severe weather all contribute to the high cost of car insurance in Florida.
Florida car insurance rates are rising. Bankrate explains why and what you can do.
Travelers and State Farm have the cheapest car insurance in Florida according to Forbes Advisor's 2024 analysis
This cheapest minimum-coverage car insurance in Florida is Geico, at $39 a month. The cheapest full coverage is State Farm, at $163 a month.
Car insurance rates rose more than 25% in February 2024, according to data from Bankrate. Premiums for full coverage auto insurance averaged $2,543, a 26% increase from the same time in 2023. Nationwide, drivers spent an average of 3.41% of their income on car insurance premiums. In some states, though, it was a lot more: Insurance at up 4.91% in Nevada, 5.01% in Michigan and 5.69% in Florida, Louisiana motorists with full coverage spent 6.53% of their paycheck on insurance, the largest chunk of...
According to Bankrate, the states with the highest average annual premium are: Lower your auto insurance costs: Find the best car insurance ◾ Florida: $3,945 ◾ New York: $3,840...
Florida drivers pay a premium for car insurance. Bankrate helps you find the best.