Typically car insurance companies will charge more for younger drivers and provide discounted rates for older drivers. Insurance carriers see young drivers as inexperienced and have a greater risk of getting in accident. In Florida, the typical teen driver between the age of 16 and 19 will pay $461.17 per month while a driver in their 40s will pay an average of $250.59 per month. Show
See what you could save on car insuranceEasily compare personalized rates to see how much switching car insurance could save you. Cheapest car insurance company overall in Florida 5.0 NerdWallet ratingNerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service. Cheapest for minimum coverage 4.5 NerdWallet ratingNerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service. Cheapest for young drivers 5.0 NerdWallet ratingNerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service. Cheapest for drivers with poor credit 5.0 NerdWallet ratingNerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service. If you’re looking for the cheapest car insurance in your city, NerdWallet analyzed rates for some of the largest Florida cities, including: How much is car insurance in Florida?The average cost of full coverage car insurance in Florida is $2,780 per year, or about $232 per month, according to NerdWallet’s analysis. Minimum coverage in Florida is $1,084 per year on average, but we found you can likely get a cheaper policy. For example, Geico offers the cheapest rates in Florida at $717 per year, on average, for minimum coverage car insurance for a 35-year-old driver with a clean driving record. How we chose the cheapest companies in FloridaNerdWallet’s editorial team analyzed car insurance rates from six auto insurers in Florida and found the five cheapest options for drivers in several age brackets and with different histories, all driving a 2019 Toyota Camry L. For minimum coverage, we looked at rates that reflect the minimum requirements in Florida. For full coverage, we used the below coverage limits:
Cheapest for 20-year-old driversDrivers in their 20s may have to get a lot of quotes to find the best cheap car insurance. Prices can be sky-high for younger 20-somethings, but tend to come down as drivers get more experience on the road. Still, some companies routinely have better insurance rates for young drivers, so it's best to shop around to find them. Cheapest full coverage car insurance in Florida for 20-year-oldsDrivers in Florida with clean driving records may want to consider the following companies, which had the lowest average rates:
Cheapest minimum coverage car insurance in Florida for 20-year-oldsDrivers in Florida who want just the state minimum coverage may want to check with these companies, which had the lowest average rates:
Cheapest auto insurance in Florida for 20-year-olds with poor creditDrivers with poor credit in Florida should look at the following insurers with the lowest average rates for minimum coverage:
Cheapest auto insurance in Florida for 20-year-old drivers with one at-fault crashFor drivers with a recent accident in Florida, here are the companies with the lowest average rates for minimum coverage:
Cheapest auto insurance in Florida for 20-year-old drivers after a DUIThe cheapest auto insurance we found after a DUI is shown here, alongside the insurers' average rates for minimum coverage.
See what you could save on car insuranceEasily compare personalized rates to see how much switching car insurance could save you. Cheapest for 30-year-old driversBy the time they reach their 30s, most drivers will enjoy cheaper car insurance rates than in their teens and 20s. Still, factors like a person’s driving record and car make and model can increase prices. Drivers in their 30s can get lower rates by shopping around and taking advantage of any car insurance discounts. Cheapest full coverage car insurance in Florida for 30-year-oldsDrivers in Florida with clean driving records may get the lowest rates from these companies:
Cheapest minimum coverage car insurance in Florida for 30-year-oldsDrivers in Florida who want their state's minimum coverage can check with the following companies, which had the lowest average rates:
Cheapest auto insurance in Florida for 30-year-olds with poor creditDrivers with poor credit in Florida should consider the following companies with the lowest average rates for full coverage:
Cheapest auto insurance in Florida for 30-year-old drivers with one at-fault crashFor drivers in Florida with a recent accident, here are the lowest average rate options for full coverage:
Cheapest auto insurance in Florida for 30-year-old drivers after a DUIFor the cheapest auto insurance after a DUI, we found the following options for full coverage.
Cheapest for 40-year-old driversDrivers in their 40s tend to have better insurance rates than their younger counterparts on average, but still pay more than older age groups. Shopping around for cheap car insurance quotes with multiple insurers is the best way to find lower rates. Good drivers who don’t get behind the wheel often might want to consider pay-per-mile insurance, which charges drivers by how many miles they drive. Cheapest full coverage car insurance in Florida for 40-year-oldsDrivers in Florida with clean driving records may want to think about the following companies, which had the lowest average rates:
Cheapest minimum coverage car insurance in Florida for 40-year-oldsDrivers in Florida who want just the minimum coverage may want to check prices from these companies, which had the lowest average rates:
Cheapest auto insurance in Florida for 40-year-olds with poor creditDrivers with poor credit in Florida can check out the following insurers with the lowest average rates for full coverage:
Cheapest auto insurance in Florida for 40-year-old drivers with one at-fault crashFor drivers with a recent accident living in Florida, here are the companies with the lowest average rates for full coverage:
Cheapest auto insurance in Florida for 40-year-old drivers after a DUIThe cheapest full coverage auto insurance we found for drivers with a DUI came from the following companies.
Cheapest for 50-year-old driversDrivers in their 50s have cheaper car insurance rates than most other age groups on average. Prices will continue to drop as they inch toward their 60s and gain more driving experience. Rates can still vary depending on other factors such as a driver’s gender and location, so it’s smart to shop around to find the best rate. Our list of cheap auto insurance companies is a good place to start. Cheapest full coverage car insurance in Florida for 50-year-oldsDrivers in Florida with clean driving records may want to get quotes from these insurers, which had the lowest average rates:
Cheapest minimum coverage car insurance in Florida for 50-year-oldsDrivers in Florida who opt for the state minimum coverage may want to consider the following companies, with the lowest average rates:
Cheapest auto insurance in Florida for 50-year-olds with poor creditDrivers with poor credit in Florida can check with the following companies, which showed the lowest average rates for full coverage:
Cheapest auto insurance in Florida for 50-year-old drivers with one at-fault crashFor drivers living in Florida with a recent accident, here are the insurers with the lowest average full coverage rates:
Cheapest auto insurance in Florida for 50-year-old drivers after a DUIThe cheapest auto insurance we found for drivers with a recent DUI comes from the following companies, listed with rates for full coverage.
See what you could save on car insuranceEasily compare personalized rates to see how much switching car insurance could save you. Cheapest for 60-year-old driversAlthough 60-year-olds have cheaper car insurance rates than many other age groups on average, prices will start increasing as they get older. To find cheap car insurance for seniors, drivers in their 60s should make sure to shop around to find the best rate. Drivers in this age group should also take advantage of any available discounts for senior citizens. Cheapest full coverage car insurance in Florida for 60-year-oldsDrivers in Florida with clean driving records may want to think about getting quotes from these companies, which had the lowest average rates:
Cheapest minimum coverage car insurance in Florida for 60-year-oldsDrivers in Florida who want just the state minimum coverage may want to check with these insurers, which had the lowest average rates:
Cheapest auto insurance in Florida for 60-year-olds with poor creditDrivers with poor credit in Florida can look at the following companies with the lowest average rates for full coverage:
Cheapest auto insurance in Florida for 60-year-old drivers with one at-fault crashFor drivers with a recent accident living in Florida, here are the companies with the lowest average rates for full coverage:
Cheapest auto insurance in Florida for 60-year-old drivers after a DUIThe cheapest auto insurance we found after a DUI came from the following companies, shown with their average rates for full coverage.
Minimum car insurance requirements in FloridaFloridians must carry property damage liability and personal injury protection (PIP) in the following amounts:
In case you’re at fault in a crash, the Florida Financial Responsibility Law also requires you to be able to pay up to:
Liability car insurance covers the cost of any damage, injuries or deaths you cause in a car accident, up to your policy’s predefined limits. Personal injury protection will cover your medical bills and expenses if you’re injured in a car crash, up to your policy limits, no matter whose fault it was. Depending on your state, PIP may also pay for:
Experts recommend buying more than the bare minimum when it comes to all parts of your auto liability insurance. You might want added protection from optional coverages such as collision, comprehensive and uninsured motorist insurance. SR-22, FR-44 and alternative auto insurance in FloridaDrivers convicted of certain offenses may be required to get an SR-22 filed by their insurance company with the state of Florida. There’s no such thing as “SR-22 insurance”; instead, an SR-22 is a form certifying you have current auto insurance coverage in compliance with Florida law. An SR-22 might be required if you:
And if you get caught driving while intoxicated or under the influence of drugs in Florida, another form, an FR-44, may be required instead. Again, “FR-44 insurance” isn’t actually a type of insurance. Rather, an auto insurer must file an FR-44 certificate on behalf of someone convicted of a DUI or similar offenses. Compared with an SR-22, an FR-44 comes with additional liability insurance requirements. Instead of the relatively low liability limits listed above, you’d need at least:
No-fault insurance in FloridaFlorida is one of several states that has a no-fault car insurance system, but it’s one of only two that doesn’t require any bodily injury liability coverage. In most states, drivers who are injured in a car accident caused by someone else will seek reimbursement from the at-fault motorist’s insurance company. The claim and payout come from that person’s bodily injury liability coverage. Under Florida’s no-fault statute, all parties involved in a crash first make injury claims to their own PIP coverage and payouts are capped at 80% of the bills. (More on that below). If injuries from the accident are considered “serious” under Florida law, the at-fault driver’s bodily injury liability pays for additional costs. Serious injuries include at least one of the following:
Injuries that meet this definition are grounds for a lawsuit in Florida. Drivers with bodily injury coverage can use it to pay for legal fees as well as the injured person’s medical costs, but anyone with only the minimum required coverage — that is, no bodily injury coverage — would have to pay out-of-pocket if they were at fault. To complicate things further, drivers can also be partially at fault for a crash. Florida has a “comparative fault” statute, meaning that two drivers can share responsibility for an incident. In a lawsuit, a jury could assign 30% of the responsibility to the injured driver, who would then be entitled to only 70% of the total damages from the other driver. Insurance companies don’t just absorb those costs. As in many states that require personal injury protection coverage, drivers in Florida tend to pay more for car insurance, on average, compared with those in non-PIP states. Drivers in Florida are required to carry at least $10,000 of PIP, which is also called Florida no-fault insurance. In addition to medical bills, no-fault insurance in Florida can also pay:
PIP fraud can be common in no-fault states, including Florida, where staged accidents and unscrupulous medical providers can drive up the cost of insurance, specifically PIP. Because of this, a no-fault insurance law was enacted in 2015. It requires people injured in a crash to see a medical professional within 14 days of the incident to make a PIP claim. It also limits payouts to 80% of “reasonable” medical expenses as outlined in the statute. Note that PIP will also cover your passengers’ injuries, but it doesn’t cover damage to your car. You go through the at-fault driver’s insurance for vehicle repairs or through your own collision coverage if you were responsible. Is Florida expensive for car insurance?Floridians pay an average of $2,762 per year for full coverage insurance and $997 annually for minimum coverage policy. Based on proprietary rate data provided from Quadrant Information Services, Florida is the third most expensive state in the country for car insurance, just behind New York and Louisiana.
Is $200 a month a lot for insurance?Yes, $200 a month for car insurance is fairly expensive, especially for minimum coverage. The average cost of car insurance ranges from about $60 per month for state-minimum coverage to $166 per month for full coverage.
How much is full coverage in Florida?According to MoneyGeek, a state minimum auto insurance policy in Florida costs an average of $1,123 per year. The average cost of full coverage car insurance in Florida is $2,208 per year — a significant difference of $1,085.
What is normal car insurance coverage in Florida?State minimum liability requirements. Liability limits of $50,000 per person/$100,000 per accident and $50,000 property damage. Liability of $100,000 per person/$300,000 per accident and $100,000 property damage, with comprehensive and collision at $500 deductible.
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