Mandy Sleight

Last updated on Jan 06, 2022

Reviews Report

• Allstate, Geico, State Farm, and Progressive made our list of best car insurance companies in Florida.
• Of the companies we reviewed, Geico has the lowest average annual premium for state minimum coverage at $841.
• State Farm and Allstate had the highest J.D. Power scores in 2021 for customer satisfaction.

When choosing a Florida auto insurance company, it is important for consumers to have a peace of mind that their company will protect them in the event of an accident. To achieve that level of confidence, your car insurance policy should have adequate coverage at an affordable price. Unfortunately, the best car insurance rates in Florida are often higher on average than other states so shopping around for car insurance quotes in Florida before you select a policy could save you money in the long run.

To determine the best car insurance in Florida, we have analyzed the top insurance companies by market share and reviewed AM Best ratings, J.D. Power rankings, coverage availability, discounts, and average cost. Based on its excellent financial strength, an overall high customer satisfaction rating, and average lower premium rate, we selected Geico as having the best auto insurance in Florida of carriers we reviewed. Although every quote is different, it’s important to be informed before shopping around for your next Florida car insurance policy. 

The 4 Best Auto Insurance Companies in Florida

• Allstate: Cheapest Car Insurance Company in Florida
• Geico: Best Florida Car Insurance for Customer Service
• State Farm: Best Florida Car Insurance for Premium-Reducing Programs
• Progressive: Best Florida Car Insurance for Discounts

Information accurate as of July 2021

*Data provided by Bankrate.com

**J.D. Power 2021 Auto Insurance Satisfaction Study rating for the Florida region. Based on a 1,000-point scale.

Allstate

Geico

State Farm

Progressive

*Data provided by Bankrate.com, price based on the state minimum required policy.

**J.D. Power 2021 Auto Insurance Satisfaction Study rating for the Florida region. Based on a 1,000-point scale.

The Average Cost of Car Insurance in Florida

According to 2021 data from Bankrate.com, Florida is the one of the most expensive states in the nation for car insurance, with an average annual full coverage premium of $2,364. This is $690 more than the national average, which is currently $1,674 per year.

Florida auto insurance costs more than other states for a variety of reasons. First and foremost, it has a pretty high death rate per 100,000 drivers. As of 2019, it was at 14.8 (the U.S. average was 11). It also has one of the highest uninsured motorist rates in the country. The Insurance Information Institute estimates that over 20% of the population is driving without insurance. Then there are, of course, natural disasters to consider. With hurricanes and floods occurring every year, Florida car insurance companies know that they will have a slew of claims to process each year that are unrelated to driving.

Top 2 Cheapest Car Insurance Companies in Florida 

* Data provided by Bankrate.com, price based on the state minimum required policy.

Florida Auto Insurance Company Average Premiums

Top 2 Most Expensive Car Insurance Companies in Florida

* Data provided by Bankrate.com, price based on the state minimum required policy.

Top 3 Cheapest Cities for Car Insurance in Florida 

* Data provided by Bankrate.com, price based on the state minimum required policy.

Top 3 Most Expensive Cities for Car Insurance in Florida 

* Data provided by Bankrate.com, price based on the state minimum required policy.

Florida Car Insurance: What You Need to Know

In the Sunshine state, drivers get the best rates when they drive sober and avoid tickets and accidents. Drug-impaired crashes are on the rise, with drivers under 40 most often having marijuana in their system while drivers over 40 are impaired by other controlled substances. With a high incidence of hit and run crashes in the state, drivers should make sure to carry uninsured and underinsured motorist coverage to protect themselves from drivers who leave the scene of an accident. 

• From 2018 to 2020, there were 2,975 drug-impaired crashes in the state, with 1,835 fatalities and 2,445 injuries resulting from the accidents.
• According to the Insurance Institute for Highway Safety, 31% of crash deaths in 2019 were sedan occupants, while 19% were occupants in pickup trucks and SUVs.
• Of the 340,918 car crashes in 2020, 92,134 were hit and run crashes resulting in 264 fatalities and 20,976 injuries.

Florida Car Insurance Minimum Requirements

Florida requires drives to carry at least the following minimum coverage limits:

• $10,000 personal injury protection (PIP)
• $10,000 property damage liability per accident

Florida is a no-fault state, which means that drivers must carry PIP coverage to help pay for injuries of an accident, regardless of who is at fault. PIP pays for 80% of injuries and lost wages, up to the policy limits. Property damage liability coverage pays for damage you cause to another person’s vehicle or their property, like a fence or mailbox, if you are at-fault for an accident.

Unlike most other states, bodily injury liability is not required in Florida. However, to drive legally, you do have to show proof that you can pay for injuries that you cause. This is called a “financial responsibility law.” In Florida, most drivers likely opt to purchase car insurance to satisfy this law. If you buy bodily injury insurance coverage, the minimum required limits are:

• $10,000 bodily injury liability per person
• $20,000 bodily injury liability per accident

Florida car insurance companies must also offer uninsured motorist coverage, although it can be declined in writing.

Florida’s state minimum car insurance requirements are very low compared to other states. If a driver is hurt in an accident or causes damage to a high-value item, like a building or expensive luxury car, they could be sued if they don’t have enough coverage. Drivers in Florida are encouraged to have more coverage to provide financial protection. 

Though Florida’s minimum coverages aren’t the traditional bodily injury and property damage limits we usually see in other states, Florida car insurance laws require that drivers carry continuous coverage, even if the car isn’t operable. If you don’t maintain continuous coverage, your license may be suspended and you may have to pay a fine of $500 to reinstate it once you get coverage back in force.

Additional Car Insurance Coverage in Florida

Although Florida drivers only have to carry $10,000 in personal injury protection and an additional $10,000 in property damage liability, many insurance experts recommend to purchase additional car insurance to protect the vehicle and the driver. Recommended Florida car insurance coverage includes:

• Bodily injury liability: Because Florida’s PIP minimums are so low, it’s highly encouraged to buy bodily injury liability to cover any incidents that result in medical injuries.
• Comprehensive: This optional coverage pays if your car is vandalized, stolen, if you hit an animal and for weather-related events, including storm surge.
• Collision: Collision coverage comes in when your vehicle is involved in a crash with another vehicle or object.
• Uninsured/underinsured motorist: This coverage for your injuries if someone else hits you and they either don’t have enough liability coverage, none at all, or you’re a victim of a hit and run. 

Self-Insurance in Florida 

In Florida, drivers have the option to self-insure instead of purchasing the minimum auto insurance coverage required by law.  Drivers who qualify for self-insurance can obtain a certificate from the insurance department. To qualify, you must have at least $40,000 in unencumbered net worth for the first car and $20,000 for each additional registered vehicle. 

Registered auto owners who self-insure must renew their certificate annually and prove their net worth to waive the minimum Florida auto insurance requirements for drivers. They will also be required to pay for anything they are deemed at fault for during an auto accident as a result of self-insuring.

How to Get Cheap Florida Car Insurance

Florida Car Insurance FAQ

Methodology

Reviews.com scores products, services and companies using five quantifiable criteria to help readers choose the best one for them. For the best car insurance in Florida, our editorial team compared affordability, customer support, coverage options, customer satisfaction scores and online resources from each company and averaged the scores to produce our very own Reviews.com score. These scores were created with our readers in mind and are meant to be a helpful tool to simplify the process of choosing which car insurance company is best for you. 

As for average pricing, we used Bankrate.com’s data of car insurance in Florida, based on the profiles of a 40-year male and female. For full coverage, the details used were the following:

• $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 2019 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.

About the Authors

Mandy Sleight

Mandy Sleight is an insurance writer for Reviews.com. Over the last three years, she has covered insurance providers, coverage, costs of insurance, and more at MoneyGeek, Bankrate, and The Simple Dollar.

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