News / May 25, 2020 October 12, 2021 / 3 minutes of reading
In Florida, the average amount of car insurance with the minimum coverage allowed by the state is around $2,050 a year, or $170 a month.
Full coverage policies averaged around $3,125 a year in Florida. However, there’s a few other factors that go into determining your insurance quote such as such as your:
Age
Driving history
Marital status
Credit score
In the state of Florida, all drivers are required by law to have auto insurance for their vehicles before they’re allowed to drive them. Florida state requires a minimum coverage of:
$10,000 property damage coverage per accident
$10,000 personal injury protection
Despite the minimum requirement for insurance coverage being so low, Florida is one of the most expensive states to insure your vehicle. Many Florida drivers are either uninsured or have no insurance, putting others at financial risk if they get into an accident. Florida is also known to have incredibly busy roadways, as well as bad weather that contribute to having accidents more frequently.
The 7 Cheapest Car Insurance Providers in Florida
If you’re looking to save money on car insurance, there’s lots of things you can do. Get different quotes from multiple providers, and look at the cost of insurance before you buy your car. You can also get discounts for being a safe driver who doesn’t get into accidents.
With the minimum car insurance required in Florida and for a driver with good credit and a good driving history, the cheapest yearly insurance premium is $984 at GEICO.
1
GEICO
$985
2
State Farm
$1,060
3
Liberty Mutual
$1,280
4
Direct General
$1,915
5
MetLife
$1,825
6
Progressive
$3,120
7
Allstate
$4,165
This, of course, can change depending on several factors such as your driving history.
Average Car Insurance in Florida by Age
There are a few things that might make you a “high-risk” driver. As you can see in the chart below, a person’s age can drastically change their car insurance. Young teens in Florida can pay almost $6,000 a year for car insurance!
This is because teenagers are the most at-risk for getting into an accident and dying in one as well. In fact, vehicle accidents and distracted driving kills more teens in America than any other disease.
16
$5,985
17
$5,605
18
$4,855
19
$3,805
20s
$2,365
30s
$1,790
40s
$1,755
50s
$1,640
60s
$1,670
70s
$2,030
As Florida drivers get older, they will also have to start paying more. Eldery drivers are less reactive, putting them at higher risk of being in an accident. Keep in mind, these numbers are only the minimum coverage and for drivers with a good driving history.
Average Car Insurance For a Driver With a Violation in Florida
There are other ways your insurance can increase just by simply getting a speeding ticket. Here are some common roadside offenses that can increase your premium. These numbers show the average minimum premium for a driver in Florida with a roadside violation.
DUI/DWI
$2,740
Reckless Driving
$2,715
At-Fault Accident less than $1,000
$2,475
At-Fault Accident between $1,000-$2,000
$2,585
At-Fault Accident more than $2,000
$2,475
Speeding
$2,425
Average Car Insurance For a Driver With Poor Credit in Florida
Your credit can also severely affect your auto insurance premium. This is because consumers with good credit show that they file less claims, and are able to pay their premiums on time.
Poor (300-579)
$3,470.00
Fair (580-669)
$2,835.00
Good (670-739)
$2,305.00
Very Good (740-799)
$1,890.00
Exceptional (800-850)
$1,580.00
If you want to find out more about how much you’ll pay in premiums, get a quote through Quote Purple or talk to one of our partners today through the number at the top of the page.
