GEICO and State Farm have some of the cheapest car insurance rates in Florida. It costs $28 per month at GEICO for liability-only car insurance. It costs $127 per month at State Farm for full coverage insurance. Few more companies also provide the cheapest car insurance for other coverage options. We will talk about the cheapest car insurance companies in Florida in 2023 so that you can find the best coverage for your car while saving big bucks.
It is essential to note that the average cost of car insurance in Florida is $1,128 and $3,183 annually for minimum coverage and full coverage, respectively, according to Bankrate. And while the insurance rates in the state might be higher than in other regions, in this blog, we will also talk about some simple steps you can take to reduce your car insurance cost in 2023.
Cheapest Car Insurance Companies in Florida
Here are some of the best car insurance companies that provide the cheapest rates on various coverage types.
|Cheapest Insurance Company||Minimum Coverage||Average Annual Premium|
|State Farm||Full Coverage||$2,307|
|State Farm||Teen Drivers||$4,276|
|State Farm||Full Coverage for 20-Year-Olds||$3,986|
|Direct Auto||Minimum Coverage For 20-Year-Olds||$1,493|
|United Automobile Insurance Cost||Drivers with Poor Credit||$4,504|
|GEICO||Senior Drivers Aged 60-80||$1,985|
|GEICO||Drivers with a DUI conviction||$4,150|
|GEICO||Drivers Who Caused an Accident with Injury||$3,551|
|State Farm||Drivers with a Speeding Ticket||$2,633|
|State Farm||Drivers with an At-Fault Accident Record||$3,012|
Discounts Offered by Companies for Car Insurance in Florida
One way to reduce your insurance costs is also by applying all the discounts you are eligible for. Here are all the discounts offered by Florida’s cheapest car insurance companies.
|State Farm Discounts||USAA Discounts||GEICO Discounts||Progressive Discounts||Allstate Discounts|
|Accident-Free||Good Driver||Air Bag||Multi-Policy||Multiple Policy|
|Anti-Lock Brake||Good Student||Anti-Lock Brakes||Multi-Car||New Car|
|Anti-Theft Device||Clean Driving Record||Anti-Theft System||Continuous Insurance||Smart Student|
|Defensive Driving Course||Military Installation||Daytime Running Lights||Safe Driver||Anti-Lock Brake|
|Drive Safe and Save||Multi-Vehicle||New Vehicle||Teen Driver||Anti-Theft Device|
|Good Driving||Homeownership||Good Driver||Good Student||EZ Pay Plan|
|Good Student||Anti-Theft Device||Seat Belt Use||Distant Student||Multiple Policy|
|Homeownership Multiple Car||New Vehicle||Defensive Driving||Homeowners||Allstate eSmart|
|Multiple Car||Driving Less||Driver’s Educational Course||Online Quote||Early Signing|
|Multiple Line||Loyal Member||Good Student||Sign Online||FullPay|
|Passive Restraint||-||Emergency Deployment||Paperless||Responsible Payer|
|Steer Clear Safe Driver||-||Federal Employee (Eagle)||Pay in Full||Safe Driving Club|
|Student Away at School||-||Membership and Employee||Automatic Payment||Smart Student|
Additional Ways to Lower Car Insurance Cost in Florida
As we mentioned in the beginning, the cost of car insurance in Florida might be a little higher than that of its neighboring states.
Here are some additional ways to lower the cost of your car insurance:
Compare Quotes: Be a savvy shopper when looking for car insurance in Florida. Getting quotes from multiple providers is essential, as each has its unique pricing model. You’ll find the best deal that suits your needs and budget by comparing quotes.
Increase Your Deductible: Did you know that increasing your deductibles can lower your insurance premiums? It’s true! Just make sure to assess whether or not you can afford to pay the higher deductible in case of an accident before making any changes.
Consider Usage-Based Insurance: Discover a smarter way to save on your auto insurance – with usage-based insurance! Unlike traditional auto insurance policies, usage-based options allow your premiums to be calculated based on your driving habits. Using a simple app or device, your insurer can track your driving behavior – including mileage, speed, and braking patterns! If you’re a safe driver, you could unlock significant savings on your auto insurance.
Ask About Group Insurance: Check your eligibility for group insurance coverage via your workplace, professional associations, or alums networks. You may qualify for reduced policy premium rates with group insurance instead of paying for an individual plan.
Finding the most affordable car insurance in Florida is not an impossible task. With our list of the cheapest car insurance companies in Florida, information about the range of discounts provided by the companies, and intelligent strategies to lower your insurance premium, you can easily save big bucks. You can also reduce your costs while finding the right coverage if you work with an insurance agent who understands your needs.
Frequently Asked Questions
Who is cheaper for car insurance, GEICO or Progressive?
What is the least amount of car insurance required in Florida?
In Florida, the minimum car insurance coverage required by law (as of September 2021) is $10,000.
How can I find a car insurance agent in Florida?
You can easily find a car insurance agent near you in Florida through Agency Height.
Find a Local Insurance Agent Near You
Get quotes from verified agents easily.
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