CHEAPEST FLORIDA CAR INSURANCE RANKINGS
2022
Cheapest Overall in Florida
Best in Broward and Palm Beach
Mitobo Insurance is the leading independent Florida auto insurance agency in Broward and Palm Beach. With top rated customer service, Mitobo Insurance offers the cheapest auto insurance in Florida.
Best in Miami-Dade and Monroe
Skylake Insurance is a leading South Florida auto insurance agency. As the best agency in Miami-Dade and Monroe, Skylake Insurance is committed to providing you with customized cheap car insurance.
Best in Jacksonville
Ranked as the best in Jacksonville, Giella Insurance Agency offers one of the best, cheapest auto insurance in Florida. Giella Insurance provides its clients with the most affordable insurance that meets both their coverage and financial needs.
Best in Tampa
www.omega-ins.com
As the leading Florida car insurance agency in Tampa, Omega Insurance Agency serves the whole state. Providing one of the cheapest auto insurance in Florida, Omega Insurance Agency’s foundation includes strong reputation, honesty, and integrity.
Best in Orlando
Located in Orlando, Floridian Insurance Agency is committed to providing Central Florida with affordable, premier services. As an independent agency, Floridian Insurance offers you many options to choose from the cheapest car insurance in Florida.
Best in Lakeland
www.familyinsurancecenters.com
Offering a variety of insurance options in Lakeland, Florida and the surrounding areas, Family Insurance Centers is dedicated to providing the cheapest auto insurance in Florida with superior coverage.
Best in Ft. Myers
www.edisonins.com
Your leading Florida auto insurance agency in Ft. Myers and serving clients throughout the whole state, Edison Insurance Group is a multilingual agency that helps you secure proper coverage at the cheapest car insurance rates in Florida.
Best in Sarasota
www.ironcityii.com
As the leading cheapest car insurance agency in Sarasota and neighboring areas, Iron City Insurance is dedicated to delivering the highest level of customer service and providing you with the auto insurance policy you need at the best, affordable price.
Best in Daytona Beach
www.southeastins.com
As a small, customer-oriented agency, Southeast Insurance Agency, Inc. offers the cheapest auto insurance rates in Florida to residents in Daytona Beach, Volusia County, Flagler County, and throughout the state of Florida.
Best in Melbourne
www.shoffinsurance.com
As the leading Florida auto insurance agency in Melbourne, Florida and in Brevard County, Atlantic Coast Insurance prides itself on providing the cheapest car insurance in Florida and being one of the most trustworthy agencies.
Why is Florida car insurance so expensive? 5 reasons you must know
Despite the many attractions Florida has to offer, many state residents ask themselves, why is Florida car insurance so expensive?
As a Florida driver it is important to understand the factors that are driving up auto insurance rates. This allows you to make an informed decision when choosing which car insurance agency will best serve you. Quant Insites has not only ranked the most affordable car insurance companies in your county, but has provided a comprehensive look at why Florida car insurance rates are so expensive. We aim to guide you in your search for cheap car insurance coverage in Florida.
Is car insurance expensive in Florida?
Yes. On average, Florida is one of the more expensive states especially when it comes to auto insurance. It is ranked as the top state with high rates for car insurance coverage in 2022, a significant bump from third in 2021. According to The Zebra, as of 2022 the average cost of car insurance in Florida is more than 31.6% than the national average, $1,878 per year. Florida car insurance prices have only been going up. Why is Florida car insurance so high? Quant Insites has researched the main causes to help Floridians find lower rates on car insurance quotes.
5 reason why car insurance is so expensive in Florida
Why is Florida auto insurance so expensive? We have listed the five major reasons that are contributing to higher auto insurance premiums in the sunshine state: demographics/population, tourists, number of uninsured drivers, severe weather, and Florida legislation.
Demographics/Population
Florida has one of the largest populations in the country. It is listed as third in population following California and New York, respectively (United States Census Bureau). This contributes to higher density on the roads increasing traffic congestion. With the increase of drivers comes higher chances of car accidents. Along with having one the largest populations, Florida also has unique demographics that are influencing auto insurance rates. Florida has a higher than average population of senior citizens and students. According to Florida Highway Safety and Motor Vehicles, 11 % of all Florida car accidents in 2021 involved teen drivers. Additionally, around 20% percent of Florida’s population were made up of senior citizens in 2019 and is only increasing as reported by Fetterman & Associates. These population groups tend to pay higher premiums.
Tourists
On top of Florida having one of the highest populations nationwide, Florida attracts a larger number of tourists especially in Miami. According to WUSF Public Media, 36 million tourists visited the sunshine state in the first few months of 2022. This fact increases the likelihood of car accidents. Tourists are unfamiliar with state traffic laws, lack familiarity of roads and traffic patterns, and tend to be more distracted while driving. These unfamiliarities and distractions in a motorist does not make a safe driver. Insurance agents are aware of these facts and base their coverage rates on such statistics.
Unisured Drivers
Another crucial factor to consider is the number of uninsured motorists in the state. A substantial percentage of drivers in Florida do not have insurance. According to Value Penguin, Florida has the highest number of uninsured drivers, roughly 26.7%. These are considered high-risk drivers and put insurance companies at a higher risk of losing money. Since the state’s minimum coverage does not include uninsured motorist insurance, this expense comes at an additional cost and is highly encouraged. This increases Florida’s overall insurance rates.
Severe Weather
Florida is known for its warm weather and sunny attractions, but seasonally experiences extreme weather conditions. The sunshine state often is hit with severe tropical storms and hurricanes. Such weather conditions influence high rates for motorist coverage. Additionally, Florida is constantly at a high risk of flooding. The National Flood Insurance Program requires the most flood insurance policies in Florida (Florida Flood Insurance) for homeowners, businesses, and renters alike. These climate hazards increase the chances of car accidents and/or damage to vehicles. Such damages require insurance companies to pay large claims. Given that Florida experiences storms and severe weather conditions frequently, insurance companies increase their coverage rates.
Legislation
In Florida, the minimum auto insurance requirements in coverage limits include $10,000 in property damage liability coverage and $10,000 in personal injury protection (PIP). The PIP requirement makes Florida a no-fault state. No fault insurance covers expenses incurred by a car accident regardless of which driver is at fault. For those Floridians looking for more comprehensive coverage/full coverage, auto insurance rates are even higher. Adding more financial costs to insurance providers, residents in Florida have higher medical expenses. As a result, medical bills highly influence the average cost of auto insurance in Florida. According to the Tampa Bay Times, Florida citizens spend on average 14.5% of their income on health insurance. Higher healthcare costs and no-fault state legislation increases auto insurance rates.
Is Florida car insurance expensive for your budget? We can help you!
If you have come to this site, Cheapest Car Insurance in Florida, you are probably looking to find the most affordable coverage car insurance in the state. Quant Insites has ranked auto insurance agencies throughout the state providing the cheapest coverage. We have extensively reviewed and researched auto insurance agencies in Florida and have highlighted top companies in the largest counties. We aim to provide you with insight and guidance as you search for the right, affordable auto insurance company to keep you protected at the right price.
Key Takeaways about why Florida car insurance is so expensive
Why is auto insurance so expensive in Florida? As you move forward in finding the right car insurance agency to work with and considering different coverage options, it is important to keep in mind the main factors that are contributing to high insurance rates in the sunshine state: demographics/population, tourists, uninsured drivers, severe weather, and legislation. Of course a motorist’s driving history, credit score, and credit history contribute to even higher rates, especially if a driver has a DUI on their record, poor credit, and/or speeding tickets. However, a good driver in Florida with a clean driving record and good credit still has to pay higher than average car insurance premiums than drivers in other states. Understanding these reasons will help you navigate the car insurance field in Florida and make you a smarter consumer when shopping for the best rates.
Have more questions? Read our FAQs section below to gain more information on Florida auto insurance. FAQs
How did Cheapest Car Insurance Florida determine the ranking of the listed auto insurance agencies?
Florida’s cheapest auto insurance agencies are ranked by a market research company based on objective measures. Following a specific criteria of key performance indicators, these are determined the best, cheapest auto insurance companies in Florida. You can visit Cheapest Car Insurance Florida’s methodology page to learn more.
Do you need car insurance in Florida?
According to the Florida Department of Highway Safety and Motor Vehicles, all Florida drivers are required to have auto insurance coverage. It is legally mandated by the state of Florida. If pulled over, a driver can be fined for not showing proof of having Florida car insurance, negatively affecting their driving record.
What is the average cost of car insurance in Florida?
According to The Zebra, the average cost of car insurance in Florida is $1,878 per year, higher than the U.S. average rates. However, these prices vary depending on factors such as age, gender, marital status, credit score, driving history, and coverage level. Auto insurance is a financial responsibility and Cheapest Car Insurance Florida has listed the best, cheapest car insurance agencies throughout the sunshine state, so you can find the coverage you need at the most affordable prices.
How much is car insurance in Florida per month?
According to Value Penguin, the average cost of full coverage auto insurance in Florida is $269 per month. You can find cheaper car insurance quotes from different agencies and insurers. Notedly, the cheapest car insurance in Florida for minimum coverage comes from Geico at an auto insurance rate of $77 per month. Reference Cheapest Car Insurance Florida’s ranking above to find the car insurance company that meets your needs.
What kind of car insurance do you need in Florida?
According to Value Penguin, the state minimum amount of car insurance coverage requirements in Florida is $10,000 for personal injury protection (PIP) and $10,000 for property damage liability (PDL). Florida's no-fault state law requires drivers to have at least minimum coverage. Although PIP and PDL is the minimum coverage, it is recommended to carry higher coverage limits, bodily injury liability (BIL), collision coverage, and/or comprehensive coverage, to guarantee additional coverage and that you are not an underinsured Florida driver. Look to Cheapest Car Insurance Florida’s ranking of the cheapest car insurance companies in Florida to make sure you meet the insurance requirements.
Who has the cheapest car insurance in Florida for young drivers?
According to The Zebra, on average, young Florida drivers experience the highest auto insurance rates. Here is a listing of the average yearly car insurance rate separated by age: 16 ($5,983.52), 17 ($5,604.02), 18 ($4,855.11), 19 ($3,805.73), and 20s ($2,366.51). Cheapest Car Insurance Florida lists the top ten cheapest, best auto insurance companies in Florida to help you find the most affordable coverage for young drivers.
How to get cheap car insurance in Florida?
When looking for cheap car insurance in Florida, we recommend researching and comparing car insurance companies to determine which agencies are providing the cheapest car insurance quotes in Florida. It is important to know what coverage you need and how much coverage you can afford, whether that's minimum coverage or full coverage. Some car insurers will offer the same coverage at a lower, more affordable price. Additionally, there are discounts that can substantially lower your auto insurance rate. Some discounts include: higher deductibles, homeowners and auto insurance coverage from the same company, proof of being a good driver with a clean record, and student drivers with good grades.
When choosing a car insurance company, the following criteria is helpful in guiding you to finding the best, cheapest car insurance; policy holders, coverages offered, pricing, available insurance discounts, insurance providers, referrals, financial strength ratings, and business to consumer interaction.
Cheapest Car Insurance Florida has listed the top ten cheapest auto insurance agencies throughout the sunshine state to guide you in finding the best one for you. Working with an agent allows you to receive a personalized service that is thorough and offers you the best, most affordable car insurance policies for your coverage and financial needs. They help you source through different insurance carriers and pricing to ensure you receive the best, cheapest recommendation.