The state of Florida stretches from the panhandle in the north to the keys that string along its southern tip. According to the latest estimates from the US Census Bureau, nearly 21 million people live on this narrow land mass between the Gulf of Mexico and the Atlantic Ocean. The Florida Department of Highway Safety and Motor Vehicles has more than 17 million of those residents on the books as licensed drivers. And nearly a third of those drivers are over the age of 60.
Cheapest Car Insurance Companies in Florida
- USAA: $832.67
- Geico: $1,350.48
- State Farm: $1,643.57
- Nationwide: $1,916.51
- Progressive: $2,069.09
- Allstate: $2,683.10
The rates shown here are based on a study performed by Quadrant Information services on behalf of U.S. News. The study examined rates from 10 largest car insurance companies in the United States, using certain driver profiles. Your rates will differ.
How We Found the Cheapest Car Insurance Companies
At U.S. News, we’re all about helping people make life’s important decisions. Our college rankings, launched in 1983, set the standard in educational rankings. Our ranking in other fields, like healthcare, government, and the automotive sphere, help people and thought leaders make choices that make lives better. Now we’re continuing to empower you with the information you need to make the right choices for your life with our Cheapest Car Insurance Rankings.
Our Study Rates
For this study, U.S. News worked with Quadrant Information Services to analyze a report of insurance rates in all 50 states from the 10 largest national car insurance companies, though not every company operates in every state. Quadrant obtained publicly available rate data that car insurers file with state regulators. Our study rates are based on profiles for both male and female drivers aged 25, 35, and 60. Vehicles used include the 2015 Honda Civic, 2015 Toyota RAV4, and 2015 Ford-F-150, with annual mileage ranging from 6,000 and 12,000. Three car insurance coverage levels were used, as were credit tiers of good, fair, and poor. Clean driving records and records with one accident, one speeding violation, and one DUI were also used in the calculations of certain driver archetypes. To get the state-wide study rates shown here, we computed the mean rate for male and female drivers ages 24, 35 and 60 who drive 15,000 miles per year, have medium coverage, good credit and a clean driving record. The rates shown here are for comparative purposes only and should not be considered “average” rates available by individual insurers. Because car insurance rates are based on individual factors, your car insurance rates will differ from the rates shown here.
How Much Does Car Insurance Cost in Florida?
According to our analysis, USAA offers the lowest average rates in Florida, with Geico and State Farm not far behind. Allstate has the highest average study premiums in the state. No matter which company you choose, there are a few groups who will see better average rates in Florida – and a few who will pay quite a bit more.
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Florida Car Insurance Rates by Age
To determine the average rates based on gender and age, we created driver profiles for males and females in each of the following ages: 25 years, 35 years, and 60 years. The profiles also have a clean driving record, insurance coverage for 12,000 miles per year, a medium level of insurance coverage, and a good credit score. We used three vehicles for our driver profiles: the 2015 Honda Civic, 2015 Toyota RAV4, and 2015 Ford F-150.
The 60-year-old female driver profile has the lowest average rates of any age group, with an average of about $1,500. The study rate for the 60-year-old male driver profile is a bit higher, at about $1,600 per year. The 25-year-old driver male representative profile has the highest rates in our study, at about $2,000 on average, while the 25-year-old female profile is almost as expense with an average rate around $1,900.
Florida Car Insurance Rates by Annual Mileage
We created two driver profiles to compare how annual mileage can change car insurance rates in Florida. One with low mileage (6,000 miles per year) and one with high mileage (12,000 miles per year). The profiles covered males and females in the 25-, 35-, and 60-year-old age groups with a medium level of insurance coverage, a good credit score, and a clean driving record. The vehicles used in our study are the 2015 Honda Civic, 2015 Toyota RAV4, and 2015 Ford F-150.
In Florida, the length of your commute matters little to insurance companies; the average rates in our study for 6,000 miles per year or 12,000 per year (which is closer to the national average of about 13,000 miles) are nearly the same, around $1,700 per year.
Company
|
6,000 miles annually
|
12,000 miles annually
|
Allstate
|
$2,534.39
|
$2,683.10
|
Geico
|
$1,317.07
|
$1,350.48
|
Nationwide
|
$1,916.51
|
$1,916.51
|
Progressive
|
$2,069.09
|
$2,069.09
|
State Farm
|
$1,436.31
|
$1,643.57
|
USAA
|
$795.13
|
$832.67
|
Florida Car Insurance Rates by Credit Score
Our study verified that credit score also affects car insurance rates using male and female driver profiles with ages of 25 years, 35 years, and 60 years. We created a profile for each level of credit score (good, fair, and poor) and assigned the profiles a clean driving record, a good credit score, a medium level of insurance coverage, and 12,000 miles of annual mileage.The 2015 Honda Civic, 2015 Toyota RAV4, and 2015 Ford F-150 are the vehicles used in our analysis.
Drivers with poor credit will see a big jump in rates. The average study rate for the driver profile with good credit is about $1,700 per year, while the poor credit profile has a representative rate that's about double, around $3,400.
Company
|
Good
|
Fair
|
Poor
|
Allstate
|
$2,683.10
|
$3,402.26
|
$5,647.56
|
Geico
|
$1,350.48
|
$1,722.25
|
$2,695.98
|
Nationwide
|
$1,916.51
|
$2,126.43
|
$2,881.97
|
Progressive
|
$2,069.09
|
$2,623.79
|
$3,943.05
|
State Farm
|
$1,643.57
|
$1,970.58
|
$2,924.80
|
USAA
|
$832.67
|
$1,132.66
|
$2,293.08
|
Florida Car Insurance Rates by Driving Record
We made driving profiles with a clean record, with one speeding violation, with one accident, and with one instance of driving under the influence (DUI) to check how a driver's history can impact insurance rates. These representative profiles were based on 25-, 35-, and 60-year-old males and females with 12,000 miles of mileage per year, a medium level of insurance coverage, and a good credit score. Vehicles used in the analysis are the 2015 Honda Civic, 2015 Toyota RAV4, and 2015 Ford F-150.
Accidents and traffic violations such as speeding tickets will of course raise your rate. The driver profile with speeding violation in our study has an average rate of about $2,200 – or around $500 more than the average study rate for the clean driving profile ($1,700). The study rate further increases for the driver profile with one accident, to around $2,500, and even higher for the profile with one DUI, around $2,700.
Company
|
Clean record
|
With 1 speeding violation
|
With 1 accident
|
With 1 DUI
|
Allstate
|
$2,683.10
|
$2,927.90
|
$3,572.11
|
$3,417.47
|
Geico
|
$1,350.48
|
$2,316.11
|
$1,842.75
|
$2,884.14
|
Nationwide
|
$1,916.51
|
$2,230.20
|
$2,687.01
|
$4,039.60
|
Progressive
|
$2,069.09
|
$3,147.59
|
$3,763.67
|
$2,806.12
|
State Farm
|
$1,643.57
|
$1,777.14
|
$1,910.70
|
$1,777.14
|
USAA
|
$832.67
|
$919.40
|
$1,078.09
|
$1,523.95
|
Florida Auto Insurance Minimum Coverage Requirements
The state of Florida has relatively low minimum requirements for car insurance. Drivers must have $10,000 in personal injury protection (PIP) coverage and another $10,000 in property damage liability (PDL) coverage.
Personal injury protection is also known as no-fault insurance. It covers the costs of caring for injuries to you, your child, and other members of your household in the vehicle, no matter who caused the accident. It also covers you when you’re riding in someone else’s car, and it covers your children while they’re on the school bus. Property damage liability covers the cost of repairs for other people’s property when you (or members of your household) are at fault in a crash.
Florida does not require every driver to carry other common types of insurance, such as uninsured/underinsured motorist coverage, and it’s one of only two states to not require bodily injury liability coverage. The other is New Hampshire.
Check out our guide on how much insurance you need to learn more about car insurance coverage limits.
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