Car insurance is a must-have for drivers in Florida. Residents are required to maintain a minimum of $10,000 in personal injury protection (PIP) and $10,000 in property damage liability.
Whether you rely on I-4 or I-95 for your daily commute, it’s important to ensure you’re properly covered while on the road.
According to Bankrate data, the average Florida driver will spend about $3,183 for full coverage per year, much higher than the national average of $2,014 per year.
Floridians can greatly benefit from comparison shopping for their car insurance coverage.
Minimum auto coverage requirements in Florida
Florida’s minimum car insurance requirements are $10,000 of personal injury protection (PIP) and the same amount of property damage liability. This is less insurance than what most other states require, and it’s set by the Florida Office of Insurance Regulation.
| Coverage | Limit |
|---|---|
| Personal injury protection (PIP) | $10,000 per accident |
| Property damage liability (PDL) | $10,000 per accident |
Bodily injury liability and uninsured motorist coverage come standard with your policy. You can reject them in writing, but that’s not recommended. The minimum limits you can get for either are $10,000 per person and $20,000 per accident.
Florida SR-22 and FR-44 policies
If you cause an accident that injures another person or get a DUI, you have to buy extra coverage with higher limits. This is called SR-22 or FR-44 insurance, and the rules are under the Florida Financial Responsibility Law.
SR-22 insurance requirements in Florida
After accidents that result in any amount of injury, drivers are required to file SR-22 insurance. This is often referred to as a certificate of financial responsibility. In addition to Florida’s no-fault requirements, SR-22 insurance requires:
- $10,000 of bodily injury liability per person
- $20,000 of bodily injury liability per accident
This coverage will pay for injuries to other drivers or passengers in an accident that you cause.
FR-44 insurance requirements
Florida residents convicted of driving under the influence (DUI) of alcohol or drugs are required to meet FR-44 insurance standards. FR-44 coverage requirements are much higher than no-fault minimum coverages or SR-22 certificates.
FR-44 insurance requires:
- $100,000 of bodily injury liability per person
- $300,000 of bodily injury liability per accident
- $50,000 of property damage liability per accident
How much insurance coverage should I get in Florida?
Though minimum coverage may meet Florida’s auto insurance requirements, it may not be the right policy for you. Most drivers should get higher coverage limits if they can afford it. If you are in an expensive accident, minimum coverage generally will not be enough to pay for all of the damage. You would have to pay for any damage your insurance doesn’t cover.
This applies whether you’re a college student at the University of Central Florida on a budget, a new driver starting out in Tallahassee, or a retiring senior in South Florida.
How much does car insurance cost in Florida?
The average cost of car insurance in Florida for a full coverage policy is $3,183 per year, and minimum coverage costs an average of $1,128 per year.
Compared to the 2023 national average cost of car insurance, which is $2,014 per year for full coverage and $622 for minimum coverage, Florida drivers pay quite a bit more on average. In fact, Florida is the most expensive state in the nation for full coverage car insurance, according to Bankrate’s analysis.
For instance, the average full coverage premium in Georgia is nearly 35% cheaper than in Florida, coming in at $2,085 per year. Florida also beats out its neighbor Louisiana, which has the third-highest full coverage premium in the country at $2,909 per year.
The higher-than-average premiums across Florida may be partly due to the state’s geographic location, with 1,350 miles of coastline (the most in the U.S.) and its resulting susceptibility to severe weather events such as tropical storms, hurricanes and even tornadoes. Florida also has a high population of uninsured drivers, with 20.4% of drivers estimated to be driving without insurance, according to 2019 data published by the Insurance Information Institute (Triple-I).
All of these factors, especially when added to the state’s busy roadways, could be contributing to high insurance costs.
It’s important to note that these are sample rates and a number of factors impact the actual rates you’ll pay for car insurance. Among those are your age, your driving history, and where you live. The impact these and other variables have on car insurance costs is reflected in the national average rates paid by different groups of drivers.
Costs also vary widely by insurer, regardless of demographics or driver profile.
How much is the minimum coverage car insurance in Florida?
The average annual rate for liability-only coverage car insurance in Florida is $2,039. Geico is the cheapest option with an average rate of $1,169 per year. On the other hand, United Automobile is the most expensive option with its rate averaging $3,235 on a yearly basis.
| COMPANY | LOW COVERAGE |
| Allstate | $2,836 |
| Geico | $1,169 |
| Mercury | $1,930 |
| National General | $2,532 |
| Nationwide | $1,629 |
| Progressive | $2,150 |
| State Farm | $1,290 |
| Travelers | $1,585 |
| United Automobile | $3,235 |
| Statewide Average | $2,039 |
How much Is high-coverage car insurance in Florida?
For those who want higher levels of coverage in Florida, car insurance can average $2,840 yearly. State Farm and Allstate are the cheapest and most expensive insurance companies, respectively. For this type of coverage, State Farm’s rate is $1,875 per year and Allstate’s is $4,401.
| COMPANY | HIGH COVERAGE |
| Allstate | $4,401 |
| Geico | $2,100 |
| Mercury | $2,847 |
| National General | $3,661 |
| Nationwide | $2,420 |
| Progressive | $2,817 |
| State Farm | $1,875 |
| Travelers | $2,201 |
| United Automobile | $3,235 |
| Statewide Average | $2,840 |
Florida insurance rates by city
Among the 10 major Florida cities in our study, only four have average annual rates for car insurance that are cheaper than the state average of $2,553. Tallahassee has the cheapest sample rate we found, $2,147 per year, on average. Cape Coral, Jacksonville, and Port St. Lucie also have rates that are lower than average for the state.
The most expensive sample rate among the 10 top cities is Hialeah’s. Drivers there pay $3,498 per year, on average, according to our analysis.
| CITY | AVERAGE PREMIUM |
| Cape Coral | $2,241 |
| Fort Lauderdale | $3,150 |
| Hialeah | $3,498 |
| Jacksonville | $2,515 |
| Miami | $3,443 |
| Orlando | $2,680 |
| Port St. Lucie | $2,457 |
| St. Petersburg | $2,864 |
| Tallahassee | $2,147 |
| Tampa | $3,332 |
Cheapest insurance in Florida for full coverage
The average cost of full coverage car insurance in Florida is $238 per month or $2,860 per year.
State Farm has the cheapest full-coverage auto insurance in Florida, with quotes at $127 per month. That’s 47% cheaper than the statewide average. Geico also has cheap full coverage at $140 per month, which is 41% cheaper than average.
Cheapest rates for teen drivers
As new drivers, 17-year-olds pay some of the highest rates on average. In Florida, females pay an annual average of $8,048 and males pay $9,147 for car insurance. Geico offers the most favorable annual rates for teen drivers, at $3,805 for females and $4,078 for males. The most expensive rates for teen drivers in Florida are with Allstate. Its average annual rates are $16,597 for females and $18,311 for males.
| COMPANY | 17-YEAR-OLD FEMALE | 17-YEAR-OLD MALE |
| Allstate | $16,597 | $18,311 |
| Geico | $3,805 | $4,078 |
| Mercury | $11,740 | $12,883 |
| National General | $6,852 | $7,224 |
| Nationwide | $7,342 | $9,305 |
| Progressive | $7,899 | $8,492 |
| State Farm | $4,105 | $5,245 |
| Travelers | $5,924 | $7,267 |
| United Automobile | $8,166 | $9,514 |
| Statewide Average | $8,048 | $9,147 |
Cheapest rates for young adults
Florida’s yearly car insurance rates for unmarried young adults at age 25 are significantly less than the rates for teens, averaging $2,901 for females and $2,924 for males. An annual auto policy with State Farm is the cheapest option, averaging $1,786 for females and $1,898 for males.
Alternatively, Allstate is the most costly choice with an average rate of $4,035 for females and $4,093 for males.
| COMPANY | 25-YEAR-OLD FEMALE | 25-YEAR-OLD MALE |
| Allstate | $4,035 | $4,093 |
| Geico | $1,962 | $1,926 |
| Mercury | $3,167 | $3,053 |
| National General | $3,774 | $3,918 |
| Nationwide | $2,408 | $2,547 |
| Progressive | $3,093 | $3,057 |
| State Farm | $1,786 | $1,898 |
| Travelers | $2,111 | $2,139 |
| United Automobile | $3,772 | $3,687 |
| Statewide Average | $2,901 | $2,924 |
Cheapest rates for Florida adults
For married 35-year-olds in Florida, the average car insurance rate is $2,552 for females and $2,454 for males. The cheapest insurance rates for adults are with Geico, averaging $1,820 for females and $1,634 for males.
Geico is tied at No. 4 in our rating of the Best Car Insurance Companies. That rating of large insurers doesn’t include every company in this Florida-specific article. It reviews companies based on a number of criteria, including feedback from a survey of more than 9,500 consumers.
Pro:
- Geico’s rates in Florida are cheaper than the statewide average in every driver category we studied.
Con:
- In our national survey, only 42% of those who filed a claim described themselves as very likely to recommend Geico.
Allstate is the most expensive insurer in Florida for adults, with sample annual rates of $4,067 for females and $3,928 for males.
| COMPANY | 35-YEAR-OLD FEMALE | 35-YEAR-OLD MALE |
| Allstate | $4,067 | $3,928 |
| Geico | $1,820 | $1,634 |
| Mercury | $2,502 | $2,338 |
| National General | $3,051 | $3,095 |
| Nationwide | $2,126 | $2,100 |
| Progressive | $2,538 | $2,306 |
| State Farm | $1,626 | $1,626 |
| Travelers | $2,034 | $2,049 |
| United Automobile | $3,200 | $3,005 |
| Statewide Average | $2,552 | $2,454 |
Cheapest rates for Florida seniors
The average rates for married 60-year-old females and males in Florida are $2,246 and $2,243 per year, respectively. State Farm is the cheapest car insurance carrier for this age group. Its average annual rates are $1,487 for both males and females. Allstate’s sample rates for senior drivers, the most expensive in this category, are $3,588 for females and $3,675 for males.
| COMPANY | 60-YEAR-OLD FEMALE | 60-YEAR-OLD MALE |
| Allstate | $3,588 | $3,675 |
| Geico | $1,683 | $1,564 |
| Mercury | $2,025 | $2,015 |
| National General | $2,827 | $2,807 |
| Nationwide | $1,828 | $1,919 |
| Progressive | $2,201 | $2,188 |
| State Farm | $1,487 | $1,487 |
| Travelers | $1,660 | $1,708 |
| United Automobile | $2,919 | $2,828 |
| Statewide Average | $2,246 | $2,243 |
Cheapest rates for good drivers
If you live in Florida and have a clean driving record, you may find a favorable car insurance rate with State Farm. Its sample rate of $1,652 per year is far less than Florida’s overall average of $2,553 per year. Allstate is the most expensive insurance company in this category with an average annual rate of $3,898.
| COMPANY | CLEAN RECORD |
| Allstate | $3,898 |
| Geico | $1,765 |
| Mercury | $2,517 |
| National General | $3,246 |
| Nationwide | $2,155 |
| Progressive | $2,564 |
| State Farm | $1,652 |
| Travelers | $1,950 |
| United Automobile | $3,235 |
| Statewide Average | $2,553 |
Florida’s cheapest car insurance for married drivers
State Farm has the cheapest full coverage car insurance for married drivers in Florida, at $127 per month.
It’s common for married drivers to get cheaper car insurance rates than unmarried drivers. In Florida, car insurance for married drivers tends to cost 4% less than rates for single drivers. However, this discount isn’t the same across all companies. For example, Progressive’s rates fell by $55 per month for married drivers, while State Farm’s remained the same.
Florida no-fault law
Florida is a no-fault state. This means insurance companies are required to pay for damage no matter who causes an accident. The Florida Motor Vehicle No-Fault Law helps ensure that drivers get appropriate medical care and some degree of financial protection.
Florida drivers need PIP and property damage liability coverage.
- PIP covers up to 80% of medical expenses and 60% of lost income if you can’t work. The combined limit for these is up to $10,000 per accident.
- Property damage liability pays for repairs to other drivers’ vehicles after an accident, up to $10,000. If your car is damaged, the other driver’s policy will pay to repair your car.
Although Florida’s no-fault law requires drivers to carry PIP, drivers can still be sued for causing serious injury or death. That’s why having bodily injury liability (BIL) coverage is recommended to help protect you from expensive lawsuits.
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