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Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent. Angelica Leicht is an insurance editor on the Bankrate team. She is truly passionate about helping readers make well-informed decisions for their wallets, whether the goal is to find the right comprehensive auto policy or the best life insurance policy for their needs. Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance. Updated Nov 02, 2022 Pay less for auto insurance A better rate is around the corner. See how much you could save in 3 minutes or less. Your information is secure Next Compare quotes from reliable carriers + MORE how it works Caret Down Provide some info to get offers We only ask for info that can impact your rate so we can share accurate and personalized offers. Select your policy Compare and move forward with as many offers as you want from a list of trusted carriers. Settle your rate and policy details Once you've decided on a carrier, wrap up the process online or on the phone with a trusted agent. On This Page
Compare rates and save on auto insurance today! Get quotes Close X Over the last year, the cost of living has increased significantly across the nation, and so has the cost of Florida car insurance. From 2021 to 2022, the average annual premium for a full coverage policy in Florida jumped by 17 percent, causing the average annual cost to climb to $2,762 per year. Compared to the national , which is $1,771 per year for a full coverage policy, Floridians can expect to pay almost 56 percent more for their car insurance. That high average cost doesn't mean that there aren't opportunities to save on your car insurance policy in Florida, though. Bankrate's insurance editorial team compiled rate data from cities across the Sunshine State to help guide your shopping journey. In addition to this data, we've included tips to lower your car insurance premium, which may help you fit your car insurance costs into your budget. Floridians pay an average of $2,762 per year for full coverage insurance and $997 annually for minimum coverage policy. Based on proprietary rate data provided from Quadrant Information Services, Florida is the third most expensive state in the country for car insurance, just behind New York and Louisiana. Out of the demographics we analyzed, 18-year-old drivers listed on their own policy pay the most for car insurance in Florida. On average, these drivers pay an astounding $8,117 per year for a full coverage policy. See More This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers Save on auto insurance with quotes from trusted providers like Drivers switch & save an average of $750+/year Arrow Right Are you overpaying for auto insurance? Arrow Right Safe drivers choose Allstate Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. See more providers in Choose from insurers in Show More Key insights Floridians pay an average of $2,762 per year for full coverage insurance and $997 annually for minimum coverage policy. Based on proprietary rate data provided from Quadrant Information Services, Florida is the third most expensive state in the country for car insurance, just behind New York and Louisiana. Out of the demographics we analyzed, 18-year-old drivers listed on their own policy pay the most for car insurance in Florida. On average, these drivers pay an astounding $8,117 per year for a full coverage policy. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers Save on auto insurance with quotes from trusted providers like Drivers switch & save an average of $750+/year Arrow Right Are you overpaying for auto insurance? Arrow Right Safe drivers choose Allstate Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. See more providers in Choose from insurers in Show More Key insights Floridians pay an average of $2,762 per year for full coverage insurance and $997 annually for minimum coverage policy. Based on proprietary rate data provided from Quadrant Information Services, Florida is the third most expensive state in the country for car insurance, just behind New York and Louisiana. Out of the demographics we analyzed, 18-year-old drivers listed on their own policy pay the most for car insurance in Florida. On average, these drivers pay an astounding $8,117 per year for a full coverage policy. How much does car insurance cost in Florida
Florida drivers pay an average of $2,762 per year for full coverage, which is 56 percent more than the national annual average of $1,771. However, your cost will depend on a number of rating factors, including where you live within the state and what coverage types and levels you choose. Bankrate found that larger cities and coastal areas tended to pay higher average premiums due to the increased risk of accidents and higher cost of living. Additionally, choosing higher levels of coverage or adding optional endorsements will likely increase your premium. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers. Save on auto with quotes from trusted providers like: Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Key insights Floridians pay an average of $2,762 per year for full coverage insurance and $997 annually for minimum coverage policy. Based on proprietary rate data provided from Quadrant Information Services, Florida is the third most expensive state in the country for car insurance, just behind New York and Louisiana. Out of the demographics we analyzed, 18-year-old drivers listed on their own policy pay the most for car insurance in Florida. On average, these drivers pay an astounding $8,117 per year for a full coverage policy. Florida car insurance rates
Average annual minimum coverage premium Average annual full coverage premium $997 $2,762 Florida car insurance rates by city
Your ZIP code influences the premium you will pay for car insurance because of and higher crime rates in larger cities, according to the Insurance Information Institute (Triple-I). Even though car insurance is generally expensive in Florida, the following table demonstrates that your rates may be higher or lower than average depending on where you live in the Sunshine State. Average Florida auto insurance based on population density, traffic volume, accident frequency and vulnerability to theft and vandalism, , according to the Triple-I. City Average annual premium for full coverage Percentage difference in average annual premium $2,503 -9% $3,713 34% $2,698 -2% $3,459 25% $2,208 -20% St. Petersburg $2,980 8% Hialeah $3,777 37% Naples $2,073 -25% $3,563 29% Ocala $2,195 -21% Boca Raton $3,389 23% Gainesville $1,955 -28% Lakeland $2,520 -9% $3,224 17% Bradenton $2,381 -14% Pembroke Pines $3,160 14% $2,212 -20% Boynton Beach $3,672 33% Lake Worth $3,593 30% Your premiums may be higher or lower than the city's average premiums listed above depending on your specific location within a city, as well as other individual rating factors. Moving to another ZIP code is not the most practical way to change your auto insurance premium, but if you are already considering a move, you may want to take your desired area's average premiums into account when you analyze your budget. Florida car insurance rates by company
each have their own unique standards, coverage offerings, discounts and policy features. To give you an idea of what you might expect to pay for car insurance in Florida, below are the average annual premiums for full coverage for some of the largest insurance companies by market share in the state. Car insurance company Average annual full coverage premium $2,784 $2,103 $2,986 $2,055 Although finding the in Florida might be a priority for many drivers, bear in mind that having adequate coverage is more than just about the price. You may also want to compare coverage offerings, discounts, customer service scores and financial strength ratings when choosing an insurance company. Cost of living in Florida and car insurance
When shopping for the best car insurance rates in Florida, it's important to factor in your other expenses so that you're looking at your . The graph below shows the average annual cost of living in Florida, including the average rates for car insurance. Use this data as a guide to help determine your overall expenses so that you can decide what insurance rates fit in your budget. Florida car insurance rates by age
Age is another factor that insurance companies use to determine your premium in Florida. Younger drivers, particularly those under 25, are typically charged significantly higher premiums because they are inexperienced and based on actuarial data. Age Average annual full coverage premium in Florida $5,784 $8,117 $5,885 $3,301 $2,935 $2,762 $2,592 $2,529 $2,731 *16-year-old calculated on parent's policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied As demonstrated by the table above, pay some of the highest premiums in the Sunshine State. As drivers gain more experience, their average premiums gradually decrease. Premiums typically climb again at age 70, as older drivers may be at a . Florida car insurance rates by gender
Gender is another factor that affects your car insurance premiums in Florida. At most ages, due to their higher frequency of accidents and risky driving behaviors. However, for Florida drivers at age 40 (which is the age used in Bankrate's base driver profile), women pay just slightly more than men for full coverage. Average annual full coverage premium Male $2,749 Female $2,774 Florida car insurance by credit score
Your to determine auto insurance prices. Although it may seem strange, because lower credit-based insurance scores are generally tied in with a higher likelihood of filing claims. In Florida, drivers with poor credit pay an average of 169% more for full coverage than drivers with excellent credit. Poor Average Good Excellent National average $3,002 $1,907 $1,771 $1,556 Florida $5,477 $3,124 $2,762 $2,319 Florida car insurance rates by driving record
One of the biggest factors that impacts your car insurance premiums is your driving history. If you have an at-fault accident, ticket or DUI conviction on your motor vehicle record (MVR), your insurance premiums will likely be raised accordingly. This is because car insurance rates are based on risk. A prior track record of risky driving means that you may be more likely to get into accidents (and thus file claims) in the future. If you have several accidents, tickets or a DUI conviction, you may even need car insurance for . The following table indicates how much you can expect to pay in Florida if you have incidents on your MVR. Tickets, accidents and DUIs generally will negatively impact your car insurance premiums for three to five years, depending on your insurance company. If you are unsure how long a surcharge might stay on your policy, you can call your insurance agent or provider to find out. Driving incident Average annual full coverage premium in Florida % increase in average annual premium Clean driving record $2,762 — $3,276 19% $3,808 38% $4,457 61% Florida car insurance rates by vehicle type
One of the biggest factors in determining your car insurance rates is the that you drive. Different types of vehicles have distinct safety features, dissimilar crash ratings and divergent parts and labor costs. The can also impact how much coverage and what types of coverage you choose. Vehicle Average annual full coverage premium $2,762 $2,371 $2,513 How to save on car insurance in Florida
Florida may be one of the most expensive states in the country for car insurance, but there are a few things you can do that may help you save on your premium: Shop for new quotes: Make it a habit to shop around for at your renewal or after major life changes (like adding a teen driver or moving to a new zip code). Doing so may help to ensure that you receive the most competitive rate possible. Take advantage of eligible discounts: It may be a good idea to ask your agent to review your policy for discounts or programs that could lower your bill. For example, you may be able to save on your car insurance if you install a in your car or complete an online . Improve your credit score: Although improving your credit score isn’t an overnight fix, working on your credit can pay dividends in the long run, especially when it comes to Florida car insurance rates. A higher credit score may lead to lower rates if you live in a state where your credit-based insurance score can be used as part of your car insurance rate calculation. Practice safe driving habits: Cleaning up your driving record will not only keep you safer behind the wheel, but it may reduce how much you pay for car insurance. Frequently asked questions
The best car insurance company in Florida is different for every driver. When shopping for the in Florida, you might find it helpful to first pin down what is important to you in a policy. For instance, some drivers are most concerned with price, while others need the convenience of 24/7 customer service or digital policy tools. Because every driver is looking for something different, the best car insurance company will be unique from person to person. However, knowing what you’re looking for in a new company can help streamline the process of shopping for new quotes.
The for a state minimum liability policy is $997 per year, which is 83 percent higher than the national average of $545 per year. Given the high average price of full coverage car insurance, it can be tempting to carry minimum coverage to lower your car insurance bill. However, this decision can have heavy consequences, including paying out-of-pocket expenses if you’re involved in an at-fault accident. Rather than sacrificing necessary protection, you may find it helpful to shop for the , which we found based on extensive research.
Like most , Florida requires that drivers carry a to drive legally. All Florida motorists are required to carry at least: $10,000 in property damage coverage $10,000 in personal injury protection (PIP) coverage Florida does not technically require you to carry insurance for . Showing proof of a bond, for instance, could satisfy the state’s “financial responsibility law.” However, you may only qualify if your is equal to or greater than $40,000. Still, most drivers will likely satisfy the requirements by obtaining insurance coverage. If you purchase bodily injury coverage, you must have the following minimum limits: $10,000 in bodily injury coverage per person $20,000 in bodily injury coverage per accident Uninsured motorist/underinsured motorist coverage must be offered to Florida drivers but can be declined in writing. However, with the state’s estimated , one of the highest in the U.S. according to the Triple-I, you may want to consider including this coverage on your policy. You may want to consider higher liability limits or full coverage to better protect yourself in the event of an accident. , which includes collision coverage and comprehensive coverage, is not required by law but will likely be required if you have a loan or lease. Methodology
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits: $100,000 bodily injury liability per person $300,000 bodily injury liability per accident $50,000 property damage liability per accident $100,000 uninsured motorist bodily injury per person $300,000 uninsured motorist bodily injury per accident $500 collision deductible $500 comprehensive deductible To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2020 Toyota Camry, commute five days a week and drive 12,000 miles annually. These are sample rates and should only be used for comparative purposes. : Rates were calculated based on the following insurance credit tiers assigned to our drivers: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. Four states prohibit the use of credit-based insurance scores as a rating factor in determining auto insurance rates: California, Hawaii, Massachusetts and Michigan. : Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket and single DUI conviction. Model: To determine cost by vehicle type, we evaluated our base profile with the following vehicles applied: Ford F-150, Honda Odyssey and Toyota Camry (base). All vehicle years are 2020. Age: Rates were calculated by evaluating our base profile with the ages 16-70 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations. Gender: The following states do not use gender as a determining factor in calculating premiums: California, Hawaii, Massachusetts, Michigan, North Carolina, Pennsylvania. Teens: Rates were determined by adding a 16- or 17-year-old teen to a 40-year-old married couple’s policy. The rates displayed reflect the added cost to the parents’ policy. Written by Cate Deventer Insurance Writer & Editor Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent. Angelica Leicht is an insurance editor on the Bankrate team. She is truly passionate about helping readers make well-informed decisions for their wallets, whether the goal is to find the right comprehensive auto policy or the best life insurance policy for their needs. Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance.