The Best Florida Auto Insurance Companies
Florida’s auto insurance rates are on the higher side — on average $1,257 per year, compared to the nationwide average of $1,009. That said, how much you’ll pay can vary a lot depending on your car, your coverage, and your address. Use our tool to find your best rates:
It pays to shop around.
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What Does Auto Insurance Cost in Florida
Average annual rate in Florida: $1,257
Florida Auto Insurance Review
While Florida might have the lowest car insurance minimums in the nation, less coverage means greater financial risk. Because the Sunshine State is also a no-fault state, you’re responsible for paying off your own damages regardless of who caused the accident. These payouts are determined by your coverage limits, but they might not be enough if one driver’s damages go beyond what insurance will cover.
The other drivers aren’t your only concern, either. Florida also ranks third nationally in insurance losses from disasters like hurricanes. The bottom line is that purchasing only Florida’s state minimums leaves you open to financial headaches at best, and a devastating financial hit at worst.
How We Found the Best Auto Insurance in Florida
We started by identifying Florida’s biggest auto insurers by market share (excluding USAA, which, while fifth in market share, is only available to current and former military members and their families). We compared their financial strength, coverage options, discounts, and customer service using methodology similar to our review on nationwide providers. Then we looked at how each company’s customers reported their claims experiences to J.D. Power and Consumer Reports, and checked the Florida Department of Financial Services’ Company Complaint Comparison to see how many complaints were filed against each provider in 2017 (the most recent year with data available). Finally, we looked at premium quotes from each company, using the Florida Office of Insurance Regulation’s Auto Rate Comparison Tool.
The 4 Best Auto Insurance Companies in Florida
We reviewed the four biggest car insurance companies in Florida by market share:
Florida Auto Insurance Companies Reviews
Allstate was cheaper than most companies in our quote comparison, and practically even with the ratings for State Farm for claims satisfaction. Its financial strength, while not quite top-tier, is also good enough that you’ll never have to worry about getting paid. Still, we couldn’t help but notice its comparatively high rate of consumer complaints in 2017. Given that the most common consumer complaint is that payment is too low, perhaps Allstate is stingier in its claims determinations than other Florida insurers.
If you’re insuring a brand new car, Allstate does offer “GAP” insurance designed to negate the effects of depreciation — something State Farm offers with Payoff Protector®, but only if you have your loan through State Farm Bank. And a cheaper premium could mean the difference in whether you can afford comprehensive and/or UM coverage, two especially valuable add-ons in Florida.
Even though State Farm offered us some of the most expensive quotes of any insurer, it outperformed most others in both complaint comparison and customer service scoring by J.D. Power and Consumer Reports. That record, along with its top-tier financial strength (A++ from A.M. Best), was enough for us to justify its ranking. Still, the State Farm quotes we received were quite a bit higher than and Allstate’s — typically by 2–3 times. That’s likely a dealbreaker for many, but it’s still worth checking State Farm’s personalized quotes yourself, especially if you’re a teen driver (for which they seem to offer more discounts than the others).
State Farm's featured auto insurance discounts include:
- Anti-lock brake
- Defensive driving course
- Student away at school
- Good driving
- Good student
- Vehicle safety
- Passive restraint
State Farm also offers options like Drive Safe & Save, which utilizes driving information from your vehicle’s OnStar system or mobile device to calculate safe driving discounts. Steer Clear is another way to save, aimed at teen and young drivers under the age of 25 to promote safer driving with discounts.
Progressive lagged just slightly behind State Farm in terms of financial strength (A+ from A.M. Best), and just a hair behind Allstate for claims satisfaction. The differences are so small they likely have no impact on most customers’ experiences, but nonetheless they make it hard to justify Progressive over State Farm or Allstate on the basis of anything except price, where it was average. We did like how easy it was to get a quote through the website though, and also the Live Chat option.
Progressive has a slew of available discounts including:
- Snapshot® safe driving program
- Safe driver
- Sign online
- Online quote
- Continuous insurance
- Good student
- Pay in full
- Automatic payment
There’s even one for adding a newly licensed teen driver to your existing auto policy (surprising given that teenage drivers are among the riskiest to insure). A policy loaded with discounts isn’t necessarily cheaper than a non-discounted policy, but the bottom line is you should get a quote from Progressive and see for yourself.
Liberty Mutual has the smallest market share out of our top four, with just over 3 percent of Florida drivers. While it was fairly close in customer satisfaction, J.D. Power gave Liberty Mutual the second-lowest (just a hair above State Farm) “overall” score among our top picks, and Consumer Reports readers were less impressed by its “Timely Payment” (or lack thereof) than they were by the competition’s. The company’s financial strength, while high enough to be trusted, was also the lowest out of the four companies we reviewed. More damaging was its 2017 complaint ratio, which was more than 4 times higher (worse) than the fourth-place Allstate’s.
Our quote comparison also showed Liberty Mutual to be the most expensive option for all three driver profiles. This basically cemented its place at the bottom of our pack, but it’s always worth getting a quote in case you fit a specific insurer’s “sweet spot” — the driver profile for whom they offer the cheapest rates around.
Guide to Florida Auto Insurance Companies
Florida Minimum Liability
Florida only requires that you buy two types of auto insurance. The first is personal injury protection (PIP), which automatically pays for up to 80 percent of the medical expenses for you and your passengers after a crash, regardless of who was at fault. PIP also covers 100 percent of “replacement services,” should you or your passengers need help with daily household tasks because of your injuries, and 60 percent of your wage losses if you’re unable to work. The second type of required insurance is property damage (PD) liability coverage, which pays for damages to other people’s property if you’re the one at fault. The minimum levels can be expressed in the shorthand 10/20/10, which means the following:
- $10,000 personal injury protection (PIP) coverage per person
- $20,000 personal injury protection (PIP) coverage per accident
- $10,000 property damage (PD) coverage per accident
Pay for as much coverage as you can afford
Don’t settle for the minimum. While these amounts do offer some protection, there are many cases in which they wouldn’t fully cover you. Imagine you take your eyes off the road for a second, and cause a collision with a luxury car. If you’re seriously injured and have to take time off work, $10,000 of PIP probably won’t cover all the losses you incur from medical bills and lost wages. Likewise, you might have caused more than $10,000 worth of damage to the other car — a problem if you only had Florida’s minimum PD coverage. And importantly, if the other driver sues you for medical bills beyond what his own PIP covers, you’ll have to pay those out of pocket unless you had bodily injury (BI) liability coverage, which isn’t required in Florida.
Take the other driver’s liability insurance (or lack thereof) into account
Let’s say you weren’t the one at fault — there are still risks to carrying only Florida’s minimums. If your damages are more than your $10,000 PIP covers, there’s no guarantee the other driver will have liability insurance to make up the rest—or any auto insurance at all. In a situation like that, having uninsured motorist (UM) coverage on your policy would take the place of the other driver’s missing coverage, paying for your additional medical costs and the damage to your vehicle. It could be the only thing standing between you and a huge bill you don’t deserve. (For more information on the various types of coverages, check out the Florida Department of Financial Services’ Automobile Insurance Toolkit.)
Florida Auto Insurance Companies FAQ
How much will my Florida auto insurance premium cost?
Your premium cost depends largely on personal factors including:
- Your age
- Your credit score
- How much you drive
- Type of vehicle you’re insuring
But because different providers will charge the same person more or less for the same coverage, the only way to find your cheapest rate is to compare personalized quotes.
Are there any Florida auto insurance companies for military personnel?
We only compared insurers that sell policies to the general public, but if you have a military connection (as many Floridians do), USAA is another excellent choice for auto insurance. It actually topped all the other companies we reviewed in both financial strength and claims satisfaction. So if you or a family member is active or former military, you should absolutely get a quote from USAA.
Why are Florida auto premiums so high?
The U.S. Dept. of Labor estimates that auto insurance premiums have increased by 16 percent nationally over the past two years as roads have become more crowded with increasingly distracted drivers. Experts cite smartphone use behind the wheel as a prime factor in more crashes, which have led to more claims and higher costs for insurers, and higher premiums for consumers — especially in densely populated areas like South Florida. And, of course, there is the aforementioned weather conditions.