We all understand that Florida car insurance is costly because of many factors, such as the number of uninsured drivers, busy roads, bad weather, and high-risk drivers that visit the state. Many factors may change your insurance policy. When you know the benefits of insurance in Florida. How can you get affordable car insurance in Florida?
What Is Car Insurance?
Car insurance is also known as Vehicle insurance. Its main use is to provide financial security against physical injury or bodily injury resulting from traffic collisions and against liability that could also occur from incidents in a vehicle. Car insurance may additionally offer financial security against theft of the vehicle and injury to the vehicle supported from events other than traffic hits, such as keying weather or natural catastrophes, and injury sustained by colliding with stationary objects. The specific terms of vehicle insurance vary with legal laws in each region.
The best car insurance companies in Florida based on client satisfaction:
Client satisfaction with car insurance providers may factor into your decision. According to a J.D. Power survey, Is anyone there who wants to know how to get car insurance without a license? These are the top six providers based on customer rankings:
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Allstate.
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Esurance.
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State Farm.
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Florida Average.
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GEICO.
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Liberty Mutual.
The most famous car insurance companies in Florida:
The following are the top 10 most famous car insurance companies in Florida:
| Company |
Market Share (%) |
| Travelers |
1.61% |
| Allstate |
8.36% |
| National General |
2.45% |
| State Farm |
12.51% |
| progressive |
20.24% |
| USAA |
6.23% |
| GEICO |
28.58% |
| Liberty Mutual |
2.31% |
| Farmers Insurance |
1.8% |
| Kemper |
2.63% |
The average cost of minimum coverage in Florida:
The average cost of minimum coverage car insurance in Florida was $2,050 per year or $171 per month. Full coverage policies in Florida averaged $3,125 per year, while those for drivers with a previous accident history cost $4,511 per year. Florida drivers can endure a wide range of car insurance quotes, some more affordable than others.
The cheapest doesn’t mean it is the best insurance for your needs. Technically, the cheapest insurance is most likely minimum coverage. However, is minimum coverage the best option for your needs? What good is cheap insurance if the client service is lacking when you need to file a claim?
Best Affordable Car Insurance Companies for Florida Drivers:
Most drivers pick from five well-known Florida car insurance companies when seeking quotes. The table below seems at the most famous companies in the state and provides estimated costs for average drivers. These numbers exist only as estimates, so retain that the actual quote you receive may look considerably diverse.
| S.No |
Company |
Amount Per year |
| 1. |
USAA |
$940 |
| 2. |
GEICO |
$1,337 |
| 3. |
State Farm |
$1,867 |
| 4. |
MetLife |
$2,014 |
| 5. |
Allstate |
$2,298 |
| 6. |
Travelers |
$2,335 |
| 7. |
Allied |
$2,365 |
| 8. |
Mercury |
$2,720 |
| 9. |
Progressive |
$2,728 |
Getting the best car insurance in Florida is likely with MoneyGeek’s actionable guide and discount checklist. The checklist can ease you to learn more about some of the many factors affecting car insurance quotes, including age, gender, carrier type, and a person’s driving report.
Affordable Insurance for Drivers With a DUI:
Approximately 8,500 people died in Florida car crashes including a drunk driver between 2003 and 2012, a frequency higher than the national average. Florida imposes stringent penalties for people convicted of driving under the rule. Such penalties currently include jail time, fines and fees, license suspension, and an obligatory ignition interlock device not to mention increased auto insurance rates. You can use the table below to get a common sense of what to expect if you have a DUI and are looking for car insurance in Florida.
| S.No |
Company |
Amount Per year |
| 1. |
USAA |
$1,715 |
| 2. |
State Farm |
$2,018 |
| 3. |
Allstate |
$2,929 |
| 4. |
GEICO |
$2,963 |
| 5. |
Progressive |
$3,543 |
| 6. |
Travelers |
$4,463 |
| 7. |
MetLife |
$4,687 |
| 8. |
Mercury |
$4,712 |
| 9. |
Allied |
$4,790 |
Florida keeps one of the strictest DUI laws in the country. People found judged of driving under the influence can have the DUI prevail visible in their records for 75 years. Individuals with a DUI should contact many different insurance agencies to find the most suitable rate. You can acquire more about the real costs of a DUI and whence to avoid them through MoneyGeek.
Market Share by Company:
The National Association of Insurance Agents identified the Berkshire Hathaway Group as the most extensive insurance provider in the land. The following table looks at the most extensive Florida car insurance companies.
| S.No |
Company |
Market Share |
| 1. |
GEICO |
25.23% |
| 2. |
Progressive |
18.33% |
| 3. |
State Farm |
14.74% |
| 4. |
Allstate |
9.28% |
| 5. |
USAA |
7.07% |
| 6. |
Liberty Mutual |
3.05% |
| 7. |
Travelers |
2.19% |
| 8. |
National General |
1.98% |
| 9. |
Kemper |
1.78% |
| 10. |
Auto-Owners Insurance Co |
1.69% |
Affordable Car Insurance Companies for Drivers With Bad Credit:
Florida ranks 37th in the nation regarding credit scores, with an average credit score of 694. According to Experian, any credit score below 670 is considered a bad one. If your score sits below this number, you may incur higher insurance premiums. While a bad credit score does not automatically mean you won’t pay your bill, it does signal to insurance providers that you may carry substantial debt that may impact your ability to pay your expenses in a given month. The table below provides a few estimates of what you can expect to pay for car insurance in Florida if your credit is poor.
| S.No |
Company |
Amount Per year |
| 1. |
USAA |
$2,303 |
| 2. |
GEICO |
$2,413 |
| 3. |
State Farm |
$3,343 |
| 4. |
Allied |
$3,436 |
| 5. |
Travelers |
$4,125 |
| 6. |
Allstate |
$4,294 |
| 7. |
Progressive |
$4,399 |
| 8. |
Mercury |
$5,545 |
| 9. |
MetLife |
$7,396 |
Even though a less-than-ideal credit score can impact your insurance premium, there are many ways to improve your credit score. Changes won’t happen overnight, but positive changes can happen over time.
Affordable Car Insurance Companies for Seniors:
Even if seniors possess a perfect driving record, they may sometimes see their auto insurance premiums rise over time. particularly if they don’t have the right coverage for their current age group. Drivers ages 65 and older accounted for 15.4% of all fatal Florida crashes in 2017, prompting Florida insurance agencies to carefully consider how to best secure this demographic. Consult the following table for general figures regarding how the top insurers in Florida charge seniors for auto insurance.
| S.No |
Company |
Amount Per year |
| 1. |
USAA |
$1,072 |
| 2. |
GEICO |
$1,304 |
| 3. |
State Farm |
$1,787 |
| 4. |
MetLife |
$2,107 |
| 5. |
Allstate |
$2,288 |
| 6. |
Travelers |
$2,370 |
| 7. |
Allied |
$2,501 |
| 8. |
Mercury |
$3,073 |
| 9. |
Progressive |
$3,168 |
Factors that may decrease the chance of finding cheap car insurance for seniors in Florida include their age, how much they drive, the type of car they own, and if they possess a clean driving record. Finding ways to protect yourself and others on the road while still saving money can be done, but it may take a bit of extra study to find the best rates, especially for senior drivers.
Affordable Car Insurance for Students:
If you’re insuring your child’s car while they’re away at school, you may want to warn them not to lend the car to their friends. You could be liable if there is an accident. Consult with your insurance company for specific details.
More than 815,000 drivers under the age of 20 currently hold Florida licenses. Of that amount, 36,216 were involved in crashes as a driver during 2018. Even the best high school and college-age drivers simply have not been behind the wheel long enough to anticipate everything that can happen while driving. Because of this factor, their auto insurance rates are typically higher. Approximate estimates are given below, but you can ask for personalized quotes to get more accurate figures.
| S.No |
Company |
Amount Per year |
| 1. |
GEICO |
$2,902 |
| 2. |
Allstate |
$3,840 |
| 3. |
State Farm |
$4,725 |
| 4. |
Progressive |
$4,761 |
| 5. |
Allied |
$8,685 |
Frequent Asked Questions(FAQs):
Which county in Florida has the least expensive auto insurance?
A survey finds Alachua County, and its municipalities, have the least expensive auto insurance in Florida. The survey, conducted by Quadrant Information Services for insurancequotes.com, found Waldo was the cheapest, followed closely by Alachua, Gainesville, Earlton, and Newberry.
What is the average cost of car insurance in Florida?
The average car insurance rate in Florida is $1,878 per year - 31.6% more than the US average. But auto insurance prices are dictated by factors other than state lines. Auto insurance premiums analyze several components, including your driving record, credit history, gender, age, and marital status.
What are the worst insurance companies?
Here are the worst car insurance companies in the nation according to Consumer Reports, with number 1 being the worst:
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Esurance Property and Casualty Insurance Company.
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Nationwide Group.
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Liberty Mutual Insurance Companies.
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Allstate Insurance Group.
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Kemper PC Companies.
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Metlife Auto & Home Group.
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Farmers Insurance Group.
What is the minimum coverage for car insurance in Florida?
The minimum requirements for car insurance coverage are $10,000 for personal injury protection (PIP) $10,000 for property damage liability (PDL).
Why is Florida car insurance so expensive?
Florida car insurance is so expensive because of the high product of factors that increase the cost such as the number of uninsured drivers and the high-risk drivers who live in and visit the state. Knowing these portions will help you when speaking to your insurance agent about accessible discounts.
Conclusion:
Everyone knows the state of Florida is included in the topmost expensive states. There are many ways to lower your insurance cost and make it cheap. To follow all rules and step-by-step guides then you will get the affordable car insurance in Florida. Several companies provide car insurance at different rates. You are free to choose whatever the policy you want.
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