What Is The Cheapest Car Insurance In Florida

List Of Insurance Companies In Pensacola Fl

The cheapest insurance rates in Pensacola, FL, tend to be with Geico, with an average annual insurance rate of $923. State Farm is another affordable option, with an average annual rate of $1160. Other auto insurance options include Allstate and Progressive. In addition to searching for cheap rates, it can also be useful to look at things like customer ratings, claims satisfaction, convenience, and available discounts.

Minimum Car Insurance Requirements In Florida

Floridians must carry property damage liability and personal injury protection in the following amounts:

• $10,000 property damage liability per accident.
• $10,000;personal injury protection.

In case;youre at fault in a crash, the Florida Financial Responsibility Law also requires you to be able to pay up to:

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

Liability car insurance covers the cost of any damage, injuries or deaths you cause in a car accident, up to your policys predefined limits.

Personal injury protection will cover your medical bills and expenses if youre 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:

• Lost wages if youre unable to work due to injuries from an accident.
• Services you can no longer perform, like house cleaning or child care, because of your injuries.
• Funeral costs if an accident-related injury leads to death.
• A small death benefit as a cash payout.

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.

Check out NerdWallets guide to car insurance requirements by state for more details on coverage you might want on your Florida auto policy.

What Is The Cheapest Full Coverage Car Insurance In Florida

For drivers with a clean record, NerdWallet reports that the cheapest full coverage car insurance is provided by State Farm at $3,265 per year. Other cheap rates for full coverage include:

• GEICO: $3,560 per year

• Direct Auto: $5,235 per year

• MetLife: $5,699 per year

Overall, GEICOs rates are 53 percent lower than the state average. This works out to $150 per month less in premiums than the average paid across Florida, according to Value Penguin. State Farm is just $31 per month more expensive than GEICO. However, customers who use GEICO for their home insurance may be able to save more by selecting it for their car as well.

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What Is The Minimum Car Insurance Coverage Required In Florida

The minimum coverage requirements in Florida only include personal injury protection and property damage liability up to $10,000 each. While purchasing the minimum is often the cheapest route for coverage, expenses caused in a more serious accident could quickly outweigh your insurance.

When budgeting for auto insurance coverage, consider each individual person you plan on insuring under your policy and all accompanying risk factors. Adding additional coverage may be beneficial to offer the fullest amount of protection.

Car Insurance Discounts In Florida

Regardless of your initial premium costs, multiple discounts are available through providers that could help you get cheaper car insurance. You could earn savings for your driving habits, your vehicles safety features or your preferred payment method. Some common discounts in Florida are:

• Multi-policy: These discounts are often some of the biggest offered. If you buy your auto and home policies through the same company, you will often be rewarded with a discount on both. Some companies give this discount for combining your auto coverage with other lines of insurance, too, like pet, life or business insurance.
• Homeownership: Just owning a home, even if you do not insure it with the same company as your auto insurance, can sometimes save you money. It might be helpful to ask your provider if they offer this discount. You may need to send a copy of your current home insurance policy as proof of ownership.
• Student: If you are a full-time student under the age of 25, or if you insure a student on your policy, you may be eligible for some savings. Good student discounts, distant student discounts and driver training discounts are common.
• Telematics: Many companies offer these programs, which track your driving patterns with a mobile app or plug-in device. Based on how safely you drive, you might earn a discount.

Discounts vary by provider, so talking with a representative is often the best way to learn what savings opportunities might be available to you.

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Florida Mature Driver Discount

Florida law says that drivers age 55 and older get a 10% discount on their rates if they pass a state-approved driving course. The discounted rate applies to the liability , personal injury protection, and collision portions of your policy. You will get the discounted rates for three years if you dont cause an accident and have no moving violations on your record.

In A State Known For Expensive Car Insurance Whats Your Best Option

Florida offers a beautiful driving experience, with its sunny skies and scenic highways. One major downside, however, is the states reputation for having some of the countrys worst drivers. If youre looking for the cheapest car insurance in Florida, however, keep reading.

The Sunshine State ranked fourth in a 2019 study of states with the worst drivers. According to financial technology company SmartAsset, Florida also has the lowest rates of insured drivers in the country at only 73.70%.;

The choice not to purchase car insurance in Florida is largely due to rising costs. On average, according to one survey, a 40-year old man with a clean driving record and good credit would pay $1,654 per year for car insurance in Florida, 25% above the national average, according to the Study on the Affordability of Personal Auto Insurance from the U.S. National Treasury.;

If youre a Florida resident and want to find the lowest cost car insurance available, our team put together a comprehensive guide with everything you need to know about auto insurance in Florida. We also recommend some of the best, most affordable providers that stood out during our research.

To go straight to a list of providers available in your area and start getting quotes, fill out the form below.

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What Is An Sr

An SR-22 form is a certificate that must be filed by car insurance companies on behalf of drivers convicted of a severe traffic offense. SR-22 insurance is not different from a typical auto insurance policy; it only certifies to the state that your car insurance meets minimum liability coverage requirements.

Auto Insurance For Young Drivers In Florida

Unfortunately for drivers in their teens and early twenties, finding inexpensive car insurance may be difficult. Young and new drivers are statistically more likely to be involved in accidents compared to older and more experienced drivers.

Insurers charge young drivers significantly higher rates compared to their older counterparts. In fact, our analysis showed that the average 18-year-old driver in Florida received monthly premiums that were nearly three times more expensive than the average 30-year-old.

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Florida Senior Driver Law

Drivers over age 80 must renew their license every six years, compared with every eight years for younger people. Additionally, people 80 and older must pass an eye exam with every renewal.

Florida also allows confidential reporting of a possibly unsafe driver by anyone doctor, law enforcement, relative or bystander. Officials may ask those drivers to submit medical reports from their doctor or to undergo testing at a driver license office.

Find Cheap Auto Insurance Quotes In Florida

Alternatively, drivers may find cheap prices with State Farm. Of the companies we surveyed, State Farm was one of two with average rates that were cheaper than the typical cost of coverage in Florida. Conversely, we found that Allstate was the most expensive option for car insurance in the state.

You may also find cheap full coverage from State Farm. The insurer’s rates cost $1,342 per year less than the state average. State Farm is only $32 more expensive per month than Geico, on average. If a driver already has home or renters insurance with State Farm, the insurer could be a more affordable alternative to Geico due to bundling discounts.

Full-coverage car insurance includes comprehensive and collision coverages, which protect drivers against damage to their vehicles.

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What Are The Top Car Insurance Companies In Florida

According to Bankrate, some of the top car insurers in Florida are:

• Allstate
• Esurance
• State Farm

All State has a large selection of car insurance deals. Additionally, it excels due to its strong online presence, which includes helpful tools for insured drivers. The company provides customers with various ways for customers to reduce their premiums.

USAA scores strongly on customer satisfaction. However, its only available to current and former members of the military.

A major plus for Esurance is that it has an online system that allows you to sign up for insurance without speaking to an agent. Drivers who choose this route also can get a 5 percent discount.

GEICO was found to be the cheapest insurer in Florida in a survey performed for Value Penguin. The insurer also provides insurance for boats, RVs, motorcycles, and delivery vehicles. Although policies from Allstate cost more on average than those from GEICO, the Value Penguin survey shows that customers rated Allstate as having better products and services.

State Farm is a good option for younger, inexperienced drivers because it allows them to reduce their premiums by taking defensive driving courses. The companys customers like its easy procedure for making a claim, according to the Better Business Bureau website.

Liability Insurance In Florida

Now that weve dealt with PIP, lets move on to Floridas other coverage options.

Liability insurance;for property damage is required in Florida and it pays for other peoples damage if you cause an accident. You can also buy bodily injury liability in case you cause an accident with serious injuries to others.

Even though Florida is a no fault state, you can still be sued for a car accident. You can sue a driver in Florida if you have a serious injury like a bone fracture or significant disfigurement. For that reason, having a good amount of bodily injury liability insurance is important, especially if you have assets that someone could go after in a lawsuit.

If you choose to buy coverage for bodily injury liability, the minimum limits are:

• $10,000 for injuries per person
• $20,000 for injuries per accident

If you have a high income and assets like savings and a house, you can become a lawsuit target. Consider generous auto insurance liability limits in case someone sues you.

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How Much Does It Cost To Add A Teen To Your Policy In Florida

No matter where you live, adding a new driver to your family policy will hike your rate significantly. In Florida, you can expect your rate to go up by an average of 144 percent when adding a driver age 16 to your coverage, according to CarInsurance.com rate data.

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You’ll see in the table below how much it costs, on average, to add a teen driver in Florida, and how major insurers compare on price. Geico had the lowest auto insurance cost for adding a driver age 16 to a full coverage family policy, among insurers surveyed.

How Can You Get Car Insurance Discounts In Florida

The most significant discount you can realize in Florida is to move. You dont necessarily have to move out of state, but living in one city versus another in Florida can save you over $1000 per year. But that seems like a lot of effort. The easier way to go about it is to avoid accidents and speeding tickets. Avoiding accidents has gotten easier in recent years as vehicles with adaptive cruise control and automatic emergency braking systems have come to market, even in entry level vehicles like the Honda Civic and Toyota Corolla. Its even starting to become standard equipment in a lot of those products.

We also have an entire story on the tens of thousands of discount programs available, based on memberships, military service and other associations.

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What Is Floridas No

The states no-fault law says that all drivers in an accident start by making claims to their own PIP. Payments from PIP coverage are limited to 80 percent of the bills. If someone suffers a serious injury under Florida law, the driver at fault for the accident can pay for additional costs through their bodily injury liability.

According to NerdWallet, serious injuries under Florida law include:

• Significant disfigurement
• Permanent limitation of an internal organ or body part
• Largely full disability for 90 days
• Substantial restriction of a bodily system or function

If a driver has an injury that meets one of these criteria, they can launch a lawsuit. If the at-fault driver has bodily injury liability, they can use it to pay for the associated costs. However, if they only have minimum coverage, they may have to cover the expenses themselves.

How Much Is Car Insurance In Florida

Car insurance Florida prices are much higher than the national average. The cost of a policy for the average Florida driver is $2,162, thats about $400 more than the national average of $1,758.

If you have a clean driving record and good credit, here is how much you can expect to pay:

• Liability only/State minimum: $828
• Liability only, limits of 50/100/50: $1,100
• Full coverage; liability limits of 100/300/100 with comprehensive and collision:$2,162

Some of the reasons Florida car insurance is higher than average include:

• The largest number of uninsured drivers in the country: Almost 27% of drivers in Florida dont have car insurance. If youre involved in an accident, youll have little recourse against an uninsured driver.
• Bad weather: Hurricanes, hail and tornadoes are a regular occurrence in the state of Florida. Strong rainfall and flooding are a regular hazard for drivers, causing frequent accidents. Vehicle damages can also occur from the high winds, hail and flooding during a hurricane.
• Aging population: Florida has a large population of elderly drivers. Florida drivers of age 65 years and older were found to be twice as likely to be involved in a deadly crash.

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Pensacola Fl Auto Insurance Premiums By Credit Tier

Your credit rating can also have an impact on your insurance rates. Drivers with good credit can enjoy savings as much as 47.56 percent. If you have less than perfect credit, you may find the best rates with:

• Geico
• Progressive
• Allstate

Comparing price quotes among numerous providers can also help you find a good rate if you don’t have perfect credit. You may also find that some insurance companies don’t factor credit as heavily into rates.

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How To Get The Best Car Insurance

With Florida being one of the most populous states in the country in addition to its high-risk weather conditions, nearly every driver wants to be covered under the best car insurance company they can find for their money. Since every drivers needs are different depending on their vehicle type, coverage requirements and more, finding the best provider is largely dependent on what aspects of insurance you choose to prioritize.

Whats The Penalty For Driving Without Insurance In Florida

Florida has the nations highest percentage of uninsured drivers: 26.7% of drivers have no insurance! Thats bad news. If youre caught driving without insurance in Florida, the penalties may include the suspension of your registration and license plates for up to three years , plus a reinstatement fee of $150 to $500.

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Why Is Car Insurance In Florida So Expensive

One reason that Florida’s car insurance rates are relatively expensive compared to other states is because of the high number of uninsured drivers on the road. Additionally, Florida’s roadways are often crowded with both state residents and millions of tourists. More drivers on the road increases the chance that accidents will occur â and that insurers will have to pay out on claims.