The best and cheapest car insurance in Florida will ultimately be determined by your circumstances, but several companies stand out as top contenders. According to Bankrate\u2019s research into the Florida car insurance market, full coverage costs $2,762 per year and minimum coverage costs $997 per year, both of which are significantly higher than the national averages of $1,771 and $545, respectively. Our research could assist you in locating the best and cheapest Florida car insurance rates for students and young adults that meet your budget and coverage requirements.<\/p>\n
To find the best and cheapest car insurance rates in Florida for students and young adults, we started by reviewing 2022 quoted annual premiums from Quadrant Information Services for the state\u2019s largest car insurance companies by market share. Because the price is only one consideration when shopping for car insurance, we also considered coverage options, discounts, digital assets, and third-party ratings from J.D. Power and AM Best.<\/p>\n
We analyzed a score based on these factors. Each score ranges from 0.0 to 5.0. The higher the score of a company, the higher it ranks in each category. Because this scoring method combines numerous aspects of each company into a single score, it facilitates your research process by providing an easy comparison tool.<\/p>\n
State Farm, Geico, Progressive, and Allstate are the companies that sell the best and cheapest car insurance rates in Florida, according to our research method. These companies provide impressive coverage options as well as extensive discount lists. We go into greater detail about these carriers below to help you decide if any are right for you.<\/p>\n
State Farm has the lowest average full coverage premium on our list, making them a viable option if you\u2019re looking for the cheapest car insurance rates in Florida. Furthermore, State Farm has an A++ (Superior) financial strength rating from AM Best, which is the highest level possible.<\/p>\n
The National Association of Insurance Commissioners (NAIC) has given the company a lower-than-average complaint index score for private passenger insurance. However, as an overall insurer, State Farm has received more complaints than the baseline, which may indicate that some policyholders are dissatisfied with the level of customer service provided by State Farm.<\/p>\n
Geico could be a good choice if you want strong digital assets, lower-than-average premiums, and a long list of discounts. Being a federal employee, active-duty military member or veteran, or a high-achieving student may result in lower insurance premiums. In the 2022 J.D. Power U.S. Insurance Digital Experience Study, Geico\u2019s digital tools are highly rated for a shopping experience. However, because the carrier does not offer as many endorsement options as some other companies, its policies are fairly straightforward.<\/p>\n
Despite having the highest average full coverage premium on our list, Progressive\u2019s benefits may outweigh the cost. The company offers a variety of digital tools that can help you find the best and cheapest car insurance rates in Florida faster and easier. Its Name Your Price tool suggests coverage options based on your budget, and you can even compare rates from different companies directly from Progressive\u2019s website. The national carrier also provides its Snapshot telematics program, which allows customers to save money on premiums based on their driving habits.<\/p>\n
Allstate provides a wide range of standard auto insurance coverage options, an excellent web presence, and a variety of ways for policyholders to save money on their premiums. Drivers with Allstate insurance may be able to save money by digitally managing their policy, installing safety equipment, and practicing safe driving habits to qualify for the company\u2019s unique Safe Driving Bonus. However, because the carrier has the second-highest premium on our list, it may not be the best fit for consumers on a tight budget.<\/p>\n
Car insurance in Florida is generally more expensive than car insurance in the rest of the country. Full coverage costs an average of $2,762 per year, while minimum coverage costs $997. Florida drivers pay significantly more on average than the national average cost of car insurance in 2022, which is $1,771 per year for full coverage. According to Bankrate\u2019s analysis, Florida is the third-most expensive state in the country for full coverage car insurance.<\/p>\n
The state\u2019s higher-than-average premium may be due in part to the state\u2019s geographic location, with 1,350 miles of coastline (the most in the country), and its consequent susceptibility to severe weather events such as tropical storms, hurricanes, and even tornadoes.<\/p>\n
According to 2019 data published by the Insurance Information Institute, Florida also has a high population of uninsured drivers, with 20.4% of drivers estimated to be driving without insurance (Triple-I). All of these factors, especially when combined with the state\u2019s congested highways, may be contributing to high insurance costs.<\/p>\n
Purchasing car insurance for young adults in Florida is rarely enjoyable or inexpensive. This is true for anyone looking to add coverage to their parent\u2019s existing policy, but it\u2019s especially true for young adults looking for cheap car insurance in Florida on their own.<\/p>\n
If you want to find the cheapest car insurance for young adults in Florida, you should compare policies and plans while also looking for discounts. Here are a few places to start your search for the cheapest car insurance for young adults in Florida.<\/p>\n
Although it can be difficult to find the cheapest car insurance for young adults in Florida, the high rates you may have to pay will not last forever. Until the age of 25, you are considered a high-risk driver. Following that, you can anticipate a reduction in your auto insurance premiums.<\/p>\n
Meanwhile, compare car insurance quotes in Florida to find the best rates. It may seem time-consuming to research and compare prices, but it is the best way for anyone to get affordable auto insurance.<\/p>\n
The companies listed below provide the best insurance for young drivers in general, but any of them may not be competitive in your state. Consult with several insurers to find one that offers the best coverage at the lowest premium in your state.<\/p>\n
For parents who want to add a newly licensed 16-year-old teen driver to their auto insurance policy, GEICO has the best car insurance rates. Adding a teen to a GEICO policy costs an average of $231 per month.
\nAside from having excellent rates for teen drivers, GEICO has lower rates for young adult male drivers, a group that frequently faces higher-than-average insurance premiums.<\/p>\n
Progressive is well-known for offering some of the most affordable auto insurance rates available, including some of the most affordable car insurance premiums for young adults in Florida. In terms of rates, pricing is primarily determined by the discounts available.<\/p>\n
Driver Safety Discount. This is one of the industry\u2019s most aggressive discounts. If you haven\u2019t had an at-fault accident or moving violation in the last three years, you can save up to 31% on your premium. To qualify for this discount, most other insurance companies require at least five years of no incidents.<\/p>\n
Allstate provides a variety of discounts to help both teens and young adults save money on car insurance in Florida. For example, if you are under the age of 25 and a full-time student, you will receive a discount. Allstate, like most auto insurers, offers a discount if you have good grades.<\/p>\n
It also provides a discount if you keep both your auto and renter\u2019s insurance with the same company. There\u2019s also a discount if you work for a company that offers special discount programs (check with your company\u2019s human resources department for more information). You may even be eligible for a discount if you are self-employed and work from home.<\/p>\n
Liberty Mutual offers some intriguing discounts, some of which are ideal for young drivers who need to reduce their insurance premiums.<\/p>\n
State Farm\u2019s Steer Clear program is designed specifically for drivers under the age of 25. If you haven\u2019t had any at-fault accidents or moving violations in the last three years, you may be eligible. This discount can save you up to 20% on your car insurance. It won\u2019t help you when you first buy a policy, but it\u2019s something to strive for.<\/p>\n
Nationwide has its well-known Accident Forgiveness program. It is not available in all states, but it is one of the most important benefits available to teen drivers.<\/p>\n
This is a significant advantage because young drivers are statistically more likely than experienced drivers to be involved in accidents. Your premium will not increase if you have one accident under the plan.<\/p>\n
USAA provides several discounts to young drivers from military families, including the following:<\/p>\n
Amica isn\u2019t known for having the cheapest car insurance for young adults in Florida. It does, however, offer numerous discounts that provide young drivers with significant savings on their auto insurance premiums.<\/p>\n
According to WalletHub\u2019s 2021 analysis, Geico, and Travelers provide the best car insurance for college students in Florida because they have the lowest prices and the best customer service. When compared to the worst options, the best car insurance for college students in Florida can save young drivers up to $900 per year.<\/p>\n
Allstate is the nation\u2019s fourth-largest auto insurance provider. With a 10.4% market share, it\u2019s no surprise that Allstate offers comprehensive coverage and significant discounts to college students.<\/p>\n
State Farm is the leading private passenger auto insurance company in the United States, with a 16.2% market share in 2020. College students in Florida can take advantage of the company\u2019s Good Student and Student Away at School discounts, which can save up to 25% on annual car insurance rates for students under the age of 25.<\/p>\n
Metromile is a car insurance company based in California that specializes in policies for drivers who travel less than 10,000 miles per year. While this limits the service\u2019s appeal, Metromile is a viable option for college students who do not drive frequently on campus.<\/p>\n
Auto-Owners Insurance is one of the oldest car insurance providers in the United States, having been in business for over 100 years. Although coverage is only available in 26 states, its student discounts and add-ons make it a viable option for college students who are still on their parent\u2019s insurance plans.<\/p>\n
In Florida, USAA provides the required minimum car insurance for college students. Additionally, the company offers 24\/7 roadside assistance, towing coverage, and rideshare insurance for Lyft and Uber drivers.<\/p>\n
USAA: USAA provides its members with a variety of insurance, financial, and investment products. It is ranked first in our list of the Best Homeowners Insurance Companies in Florida, and it has an A++ AM Best rating.<\/p>\n
GEICO has it all for Florida drivers: award-winning service, low rates, and plenty of discounts. This was an obvious choice for best overall. The best Florida car insurance depends on your circumstances and needs, but we discovered that GEICO provides the best overall coverage.<\/p>\n
Geico offers the most affordable minimum-coverage car insurance in Florida. Geico\u2019s car insurance is $34 per month, which is 66% less than the average cost of coverage in Florida. Florida drivers may also find low-cost quotes from State Farm, which were 51% less expensive than the state\u2019s average monthly rate of $48.<\/p>\n
If you own a vehicle with four or more wheels in Florida, you must carry at least $10,000 in personal injury protection (PIP) insurance and a minimum of $10,000 in property damage liability insurance. A deductible of up to $1,000 for PIP coverage and $500 for property damage liability is possible.<\/p>\n
At a bare minimum, we recommend that you purchase Bodily Injury Liability coverage for $100,000 per person\/$300,000 per incident (accident). However, if you have significant assets to protect, we recommend that you purchase higher limits.<\/p>\n
A state minimum auto insurance policy in Florida costs an average of $1,123 per year, according to MoneyGeek. The average cost of full coverage car insurance in Florida is $2,208 per year, representing a $1,085 difference.<\/p>\n
It can be difficult to find the best and cheapest Florida car insurance rates for students and young adults. However, you would be surprised at how much coverage you can get for a reasonable price. For those who can afford it, GEICO\u2019s flexible policies and excellent customer service make it worth the cost, though Esurance is also a good option. If you\u2019re looking for coverage for yourself and your retired spouse, don\u2019t be afraid to call Florida Farm Bureau <\/a>and inquire about senior policies.<\/p>\n Geico U.S. News Rating<\/p>\n Yes, State Farm car insurance is suitable for the majority of drivers. State Farm is ranked second in our Best Car Insurance Companies of 2022 based on customer survey results, with a score of 4.2 out of 5.<\/p>\n<\/div>\n<\/div>\n<\/section>\nBest Car Insurance in Florida FAQs<\/span><\/h2>\n
Who has the cheapest Florida insurance?<\/h2>\n
\nDrivers in Florida who choose the state minimum coverage should look into the following companies, which have the lowest average rates: Geico: $674 per year or approximately $56 per month State Farm charges $757 per year or approximately $63 per month. Allstate charges $906 per year or roughly $76 per month.<\/p>\n<\/div>\n<\/div>\n<\/section>\nIs State Farm a good insurance company?<\/h2>\n