What Is the Average Car Insurance Cost in Florida? Rates, Factors, and Savings Tips
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The average car insurance cost in Florida is among the highest in the nation, and coverage is required for all Florida drivers. Fortunately, cheap car insurance in Florida is available, especially for those with a clean driving record and solid credit score.
This guide is designed to help Florida drivers make informed decisions about their insurance policies and find affordable car insurance that meets their current and future needs.
Introduction to Car Insurance in Florida
The average car insurance cost in Florida is nearly $4,000 per year, or about $325 per month. Insurance rates vary by age, with lower costs for more experienced drivers and higher premiums for brand-new drivers.
The average cost for car insurance in Florida is significantly higher than the national average due to the high percentage of uninsured drivers on the road, the average rate of accident claims, the high price of auto repairs in Florida, and the state’s severe weather, among other factors.
Average Car Insurance Costs in Florida
Car insurance in Florida's average cost is about $3,900 per year, and minimum insurance coverage costs just under $1,000 annually. Clearly, insurance rates in Florida are steep, which is why many drivers seek other options for auto insurance in Florida.
Factors Affecting Insurance Rates in Florida
Why do insurance providers charge more for car insurance in Florida than many other states? Several factors contribute to the high price of coverage policies in the state of Florida.
- Florida has higher minimum car insurance requirements than other states. Drivers are legally required to have personal injury protection coverage of $10,000 per accident and property damage liability insurance of $10,000 per accident.
- Florida has a high accident rate. Property damage claims for car accidents are 10% higher in Florida than the countrywide average.
- The cost of car repairs continues to climb. Thanks to new technology and fancy car features, the average cost is higher than ever in all states.
- Healthcare costs more in Florida. Auto insurance companies can pay steep claims when accidents result in medical bills, and drivers who are in accidents in the state are more likely to receive diagnostic procedures related to the car accident than drivers in other locations.
- Florida's weather is wild. From hurricanes to cyclones to periods of drought, the state experiences severe weather that can lead to insurance claims for homes and cars.
Florida also boasts a high rate of uninsured drivers, ranging from 12% to 20%, which also contributes to higher-than-average car insurance rates.
Tips for Reducing Car Insurance Costs in Florida
The good news is that savvy drivers can reduce their car insurance costs in Florida with a few smart strategies:
- Improve your driving record. You will likely benefit from lower car insurance premiums when you practice safe driving and avoid accidents and traffic violations. Your insurance company might also provide a discount if you take a defensive driving class.
- Bundle your insurance policies. If you bundle your auto insurance with your home insurance, for example, you might enjoy a discount for taking out multiple policies with the same company.
- Compare, compare, compare. Take the time to review different insurance company websites and compare offers to make sure you are receiving the best and most affordable car insurance in Florida.
- Do the math. Paying your auto insurance premium in full has benefits. Likewise, if you increase your deductible, that generally will lower your premium. However, it’s important to ensure you can pay that amount if you are in an accident.
While you can’t do anything about your age, if you can park your car in a garage, drive a model that doesn’t have the newest technology, or increase your credit score, you will likely enjoy a lower car insurance payment.
How To Compare Car Insurance Quotes
An online comparison site such as EverQuote makes it easy to compare auto insurance quotes side-by-side online. You can review factors such as deductibles, discounts, and other options to determine the ideal car insurance for your Florida driving.
Find the Best Car Insurance Rates Today
Even in states like Florida, where car insurance is more expensive than the national average, EverQuote helps you identify the best option for your insurance needs. As a leading insurance marketplace in Florida, we make it easy to bundle insurance products, find affordable car insurance, and review quotes from multiple companies.