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State Farm offers the cheapest car insurance premiums in Florida with average monthly rates of $54 for minimum coverage and $151 for full coverage
Discover if you are overpaying for car insurance below
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Key Takeaways:
With high rates rates, some Florida drivers are finding it harder to get affordable auto coverage in 2024. However, some of the best car insurance companies in the country offer manageable premiums, despite Florida having far more expensive coverage than the U.S. average, according to our rate data.
To help drivers in the Sunshine State find the lowest rates on quality auto policies, we at the MarketWatch Guides team created this guide to finding cheap car insurance. We used the most recent available data from Quadrant Information Services to highlight rate estimates from top providers in different risk categories. You’ll also learn a few ways to possibly lower your premium even more this year.
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State Farm offers the cheapest car insurance rates in Florida. On average, you can expect the rates from the company to be $650 per year for minimum liability policies and $1,813 per year for full coverage plans.
Rates for car insurance vary depending on many factors, so the cheapest rates for you will depend on your unique situation. Below we’ve broken down the lowest rates for each category of coverage.
| Cheapest Car Insurance in Florida (by category) | Company | Average Monthly Premium |
| Minimum Liability Coverage | State Farm | $54 |
| Full Coverage | State Farm | $151 |
| Young Drivers | State Farm | $324* |
| Seniors | Geico | $144* |
| After A Speeding Ticket | State Farm | $162* |
| After An Accident | State Farm | $173* |
| After A DUI | State Farm | $162* |
| Bad Credit | National General | $310* |
Through our research, we’ve found the 5 cheapest companies in Florida are:
Click on any of our top providers listed to learn more about their offerings. Below, we break down the cheapest large and medium-sized insurance companies in Florida. Our average rates are based on the profile of an unmarried 35-year-old driving a 2022 Toyota Camry, as it is representative of a large group of drivers unaffected by factors that raise rates.
According to J.D. Power, a large insurer is one that has written $4.5 billion or more in direct premiums for personal auto lines. Among large insurance companies, State Farm, Geico, Travelers, Allstate and Progressive are the cheapest in Florida. You’ll find the lowest rates in the state overall with these providers.
*Our research team considers nationwide factors when scoring providers. The ranking of providers in this table is specific to car insurance in Florida.
Read more: Largest Auto Insurance Providers
A mid-sized insurer is one that has written between $1 and $4.4999 billion in direct premiums for personal auto lines, according to J.D. Power. Among mid-size providers, we found American INTL Group (AIG), National General and Mercury Insurance provide the cheapest rates for Floridians. You can compare their average premiums and our cost ratings below.
*Our research team considers nationwide factors when scoring providers. The ranking of providers in this table is specific to car insurance in Florida.
Florida drivers face some of the most expensive car insurance rates in the country, according to rate data. The average full-coverage premium in the state is $3,244 per year — that’s 61.6% more expensive than the national average. However, it’s possible to find rates as low as $151 per month or $1,813 per year for a full-coverage policy.
In the sections that follow, you’ll find premium estimates from Quadrant Information Services for Florida drivers.
At rates of $54 per month or $650 per year on average, State Farm typically offers the cheapest liability car insurance in Florida:
| Company | Average Monthly Rate* | Average Annual Rate* |
| State Farm | $54 | $650 |
| Geico | $57 | $682 |
| Travelers | $85 | $1,019 |
| American International Group (AIG) | $97 | $1,162 |
| National General | $118 | $1,418 |
Read more: Cheapest Liability-Only Auto Insurance
State Farm tends to offer the cheapest full coverage in Florida, costing an average of $151 per month or $1,813 per year:
| Company | Average Monthly Rate | AverageAnnual Rate |
| State Farm | $151 | $1,813 |
| Geico | $171 | $2,057 |
| Travelers | $177 | $2,121 |
| Progressive | $266 | $3,196 |
| Mercury | $306 | $3,668 |
Read more: Cheapest Full-Coverage Car Insurance
Young drivers tend to pay the most for car insurance coverage, and in 2024 they can find the best rates with State Farm and Geico, according to research done by the MarketWatch Guides team. The tables in these sections show the cheapest full-coverage car insurance options for Florida drivers aged 16 through 25.
Our research found that State Farm offers the cheapest rates on average for 16-year-old drivers in the state at $480 per month.
| Cheapest Car Insurance in Florida | Average Monthly Rate | Average Annual Rate |
| State Farm | $480 | $5,757 |
| Geico | $505 | $6,055 |
| National General | $624 | $7,486 |
| Travelers | $660 | $7,915 |
| United Automobile Insurance Group (UAIG) | $912 | $10,947 |
Read more: Best Cheap Car Insurance For 16-Year-Olds
According to our research, Geico tends to be the cheapest option on average at a cost of $319/mo for 17-year-old drivers.
| Cheapest Car Insurance in California | Average Monthly Rate | Average Annual Rate |
| Geico | $319 | $3,831 |
| State Farm | $374 | $4,483 |
| Travelers | $588 | $7,061 |
| Farmers | $778 | $9,332 |
| National General | $782 | $9,389 |
Read more: Best Cheap Car Insurance For 17-Year-Olds
Geico has the cheapest rates for 18-year-olds at $307 per month. Below you can view the lowest cost providers for this group:
| Cheapest Car Insurance in California | Average Monthly Rate | Average Annual Rate |
| Geico | $307 | $3,681 |
| State Farm | $339 | $4,069 |
| Travelers | $492 | $5,905 |
| Progressive | $673 | $8,080 |
| UAIG | $680 | $8,161 |
Read more: Best Cheap Car Insurance For 18-Year Olds
At a monthly cost of $290 per month on average, Geico offers the lowest rates for 19-year-olds in Florida.
| Cheapest Car Insurance in California | Average Monthly Rate | Average Annual Rate |
| Geico | $290 | $3,477 |
| State Farm | $306 | $3,674 |
| Travelers | $394 | $4,733 |
| Progressive | $448 | $5,370 |
| UAIG | $517 | $6,198 |
Read more: Best Cheap Car Insurance For 19-Year Olds
In the Sunshine State, Geico offers the cheapest rates on average for 21-year-old drivers at $219 per month.
| Company | Average Monthly Rate | Average Annual Rate |
| Geico | $219 | $2,630 |
| State Farm | $251 | $3,010 |
| Travelers | $294 | $3,528 |
| Farmers | $307 | $3,686 |
| Progressive | $394 | $4,724 |
Read more: Best Cheap Car Insurance For 21-Year-Olds
Our research shows State Farm costs $171 per month, which is the cheapest on average for 25-year-old drivers in Florida.
| Company | Average Monthly Rate | Average Annual Rate |
| State Farm | $171 | $2,049 |
| Travelers | $185 | $2,214 |
| Geico | $216 | $2,590 |
| Progressive | $282 | $3,385 |
| Allstate | $327 | $3,921 |
Read more: Best Cheap Car Insurance For 25-Year Olds
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Geico offers the cheapest car insurance in Florida for seniors with average annual rates of $1,727 for full coverage. Below we’ll break down costs for auto insurance in the state for 65-75 year olds.
Read More: Cheapest Car Insurance For Seniors
At average rates of $141 per month for full coverage, Geico is the cheapest provider in Florida for 65-year-olds. This pricing is 48% lower than the state average of $270 per month.
| Company | Average Monthly Rate | Average Annual Rate |
| Geico | $141 | $1,689 |
| State Farm | $150 | $1,805 |
| Travelers | $165 | $1,979 |
| Mercury | $207 | $2,478 |
| Progressive | $219 | $2,622 |
Geico is the cheapest provider in Florida for 75-year-olds with an average monthly premium of $147. This sits at around 46% cheaper than the state average of $270.
| Company | Average Monthly Rate | Average Annual Rate |
| Geico | $147 | $1,766 |
| State Farm | $170 | $2,037 |
| Travelers | $195 | $2,336 |
| Mercury | $250 | $3,002 |
| Progressive | $264 | $3,166 |
State Farm offers the cheapest overall car insurance for bad driving records. If you have bad credit, National General has the cheapest rates. The sections below provide monthly and annual average rates for drivers who fall into one of these categories.
Read More: Best Cheap Car Insurance For High-Risk Drivers
State Farm offers the cheapest car insurance for Florida drivers with a speeding ticket, with an average full–coverage cost of $1,939 per year.
| Company | Average Monthly Rate | Average Annual Rate |
| State Farm | $162 | $1,939 |
| Travelers | $218 | $2,613 |
| Geico | $297 | $3,562 |
| Allstate | $309 | $3,712 |
| Progressive | $346 | $4,156 |
Read More: Best Speeding Ticket Car Insurance
State Farm offers the cheapest full coverage for drivers in Florida with a recent accident at an average of $2,075 per year or $173 per month.
| Company | Average Monthly Rate | Average Annual Rate |
| State Farm | $173 | $2,075 |
| Travelers | $235 | $2,820 |
| Geico | $245 | $2,942 |
| Progressive | $384 | $4,608 |
| Allstate | $535 | $6,417 |
Read More: What Is Accident Forgiveness Coverage?
State Farm offers the cheapest full coverage for drivers in Florida with a DUI at $1,939 per year or $162 per month on average.
| Company | Average Monthly Rate | Average Annual Rate |
| State Farm | $162 | $1,939 |
| Travelers | $249 | $2,986 |
| Progressive | $299 | $3,593 |
| Geico | $308 | $3,693 |
| Allstate | $397 | $4,759 |
National General offers the cheapest full coverage for drivers in Florida with bad credit at an average cost of $3,718 per year.
| Company | Average Monthly Rate | Average Annual Rate |
| National General | $310 | $3,718 |
| State Farm | $314 | $3,768 |
| Geico | $315 | $3,785 |
| UAIG | $320 | $3,835 |
| Travelers | $346 | $4,151 |
Read More: Cheapest Car Insurance For Bad Credit
One of the best ways to go about finding cheap car insurance in the state of Florida, like any state, is to compare multiple providers and look for deals in your area. We also suggest talking to an insurance agent to learn more about how to save on auto insurance in the state.
When getting a quote from an auto insurance provider, companies determine your rates based on set variables.
Here are some of the most significant factors insurance providers to determine premiums in Florida:
Read More: Compare Car Insurance
Below you can get personalized cheap auto insurance quotes for your location in Florida.
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Below are some car insurance discounts available with our top picks for the cheapest car insurance in Florida:
| Florida Car Insurance Discounts | State Farm | Geico | Travelers | Progressive | Allstate |
| Multi-policy | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
| Multi-vehicle | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
| Safe driver | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
| Good Student | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
| Defensive driving | ✔️ | ✔️ | ✔️ | ||
| Driver training | ✔️ | ✔️ | ✔️ | ||
| New vehicle | ✔️ | ✔️ | ✔️ | ||
| Car safety equipment | ✔️ | ✔️ | |||
| Loyalty | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
| Military | ✔️ |
Here’s more information on the standard types of discounts offered by the best car insurance companies:
The cheapest car insurance companies in Florida include State Farm, Geico, Travelers, Progressive and Mercury. Below, we go into more detail about each company’s offerings, reputation, customer ratings and history.
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Like many parts of the country, Floridians have seen their rates go up significantly over the past few years. According to our rate data, the average premium for a full-coverage policy jumped by 10.1% to $3,244 in 2023, adding even more to some of the nation’s highest auto insurance rates. Minimum coverage in Florida averages around $1,385 per year or $115 per month, which is about 121% higher than the national average.
However, your rate will vary based on factors including your age and the city you live in. We’ll further break down how those factors impact your auto coverage costs below.
Read More: Average Car Insurance Cost
Below you can compare average rates for drivers from 16-55 in the state:
| Age | Average Monthly Rate | Average Annual Rate |
|---|---|---|
| 16 | $1,015 | $12,184 |
| 25 | $302 | $3,624 |
| 35 | $270 | $3,244 |
| 45 | $262 | $3,142 |
| 55 | $240 | $2,882 |
Typically, drivers in cities like Miami and Tampa pay more for coverage than drivers in more rural parts of the state. The table below shows the average full coverage rates for 25 cities in Florida, based on a married 35-year-old driver with good credit and a clean driving record:
| City in Florida | Average Monthly Cost | Average Annual Cost |
| Gainesville | $124 | $1,493 |
| Tallahassee | $140 | $1,681 |
| Cape Coral | $150 | $1,799 |
| Lakeland | $157 | $1,880 |
| Jacksonville | $159 | $1,903 |
| Palm Bay | $159 | $1,903 |
| Lehigh Acres | $162 | $1,942 |
| Orlando | $162 | $1,947 |
| Port St. Lucie | $165 | $1,978 |
| Spring Hill | $170 | $2,045 |
| Clearwater | $187 | $2,240 |
| St. Petersburg | $189 | $2,262 |
| Pembroke Pines | $190 | $2,278 |
| Davie | $193 | $2,314 |
| Brandon | $195 | $2,341 |
| Fort Lauderdale | $200 | $2,395 |
| Tampa | $205 | $2,465 |
| Pompano Beach | $207 | $2,481 |
| Hollywood | $209 | $2,504 |
| Coral Springs | $209 | $2,511 |
| Miramar | $210 | $2,514 |
| Miami | $223 | $2,676 |
| Miami Gardens | $227 | $2,725 |
| Hialeah | $239 | $2,864 |
| West Palm Beach | $244 | $2,928 |
According to our rate data, Florida is the second most expensive state to get full coverage car insurance and the most expensive state to get minimum coverage policies. Below you can compare average rates for each state:
| State | Average Annual Minimum-Liability Premium | Average Annual Full-Coverage Premium |
| Alabama | $502 | $1,775 |
| Alaska | $486 | $1,685 |
| Arizona | $635 | $2,008 |
| Arkansas | $451 | $2,038 |
| California | $602 | $2,313 |
| Colorado | $566 | $2,173 |
| Connecticut | $980 | $1,919 |
| Delaware | $1,194 | $2,881 |
| Florida | $1,385 | $3,244 |
| Georgia | $680 | $1,973 |
| Hawaii | $529 | $1,656 |
| Idaho | $378 | $1,402 |
| Illinois | $441 | $1,541 |
| Indiana | $432 | $1,587 |
| Iowa | $274 | $1,563 |
| Kansas | $475 | $1,918 |
| Kentucky | $682 | $2,522 |
| Louisiana | $925 | $3,040 |
| Maine | $380 | $1,238 |
| Maryland | $901 | $1,833 |
| Massachusetts | $754 | $2,430 |
| Michigan | $1,360 | $3,643 |
| Minnesota | $481 | $1,766 |
| Mississippi | $453 | $1,658 |
| Missouri | $560 | $2,104 |
| Montana | $398 | $1,979 |
| Nebraska | $356 | $1,871 |
| Nevada | $1,283 | $2,788 |
| New Hampshire | $415 | $1,362 |
| New Jersey | $1,332 | $2,513 |
| New Mexico | $536 | $1,943 |
| New York | $870 | $2,088 |
| North Carolina | $469 | $1,627 |
| North Dakota | $445 | $1,916 |
| Ohio | $536 | $1,599 |
| Oklahoma | $516 | $2,278 |
| Oregon | $953 | $1,925 |
| Pennsylvania | $437 | $1,981 |
| Rhode Island | $1,036 | $2,357 |
| South Carolina | $701 | $1,845 |
| South Dakota | $328 | $2,291 |
| Tennessee | $404 | $1,524 |
| Texas | $683 | $2,205 |
| Utah | $732 | $1,928 |
| Vermont | $310 | $1,199 |
| Virginia | $545 | $1,781 |
| Washington | $561 | $1,616 |
| Washington D.C. | $686 | $2,218 |
| West Virginia | $604 | $2,177 |
| Wisconsin | $408 | $1,694 |
| Wyoming | $308 | $1,702 |
Read More: Car Insurance Rates By State
Car insurance companies typically base their rates on the relative risk of having to pay out claims and the projected cost of those claims. That means that as risk factors increase, premiums do too. And when it comes to Florida, several risk factors come into play.
Although car insurance is expensive in Florida compared to the rest of the country based on our team’s research, finding the lowest rates available to you can still save you considerable money on coverage. There are a few steps you can take to find some of your most affordable premiums:
The required auto insurance in Florida includes personal injury protection (PIP) and property damage liability insurance. The state doesn’t require bodily injury liability insurance, which covers other parties’ medical expenses, funeral expenses and lost wages if you cause an accident.
The minimum Florida car insurance coverage requirements under state law are as follows:
We typically recommend carrying more auto insurance than the state minimum coverage. Though the insurance premium may be burdensome, having full coverage with higher coverage limits can save you money in the long run.
If you have a business vehicle, you’re required commercial auto insurance coverage that depends on the weight of the vehicle and its use:
Driving a car without insurance is illegal in Florida, and the state has severe penalties for doing so. If you’re caught driving without the required insurance, the state can suspend your registration and driver’s license for up to three years. Getting these reinstated can cost up to $500, and Florida doesn’t have a temporary licensing program or make exceptions for hardships.
The safety of Florida roads also plays a role in auto insurance premiums. According to the Florida Department of Highway Safety and Motor Vehicles, there were 393,304 crashes in Florida in 2023. Out of those collisions, 3,157 were fatal.
With the cost of coverage going up and the number of providers in the state dwindling, drivers in Florida have fewer and fewer options for an affordable auto policy. But that doesn’t mean they don’t exist. By using our rate estimates for drivers in similar risk categories and comparing car insurance rates from multiple providers, you can find the cheapest coverage for you and your vehicle.
If you need to bring those rates down even more, you can consider some of the suggestions we listed above, such as increasing your premium or going without less essential coverage options.
When shopping for the cheapest car insurance in Florida, we recommend getting quotes from multiple providers in order to get the lowest rate and best coverage for your situation.
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Below are some frequently asked questions about cheap car insurance in Florida:
Based on data from Quadrant Information Services, we found that a full-coverage policy in Florida costs an average of $270 per month. Floridians who opt to only carry the state’s minimum coverage pay $115 per month on average. These rates apply to the profile of a married 35-year-old with a good driving record and good credit.
Car insurance in Florida costs an average of $3,244 per year for full coverage and $1,385 for minimum liability coverage. However, your rate will be determined by factors including your age, driving record and credit score and the city you live in.
Geico tends to have cheaper car insurance policies than Progressive, according to data from Quadrant Information Services. However, insurance rates are highly personalized, so while Geico may be cheaper than Progressive on average, you may find Progressive to be a cheaper option based on your driving profile.
Yes, since Florida is a no-fault state, drivers are required to carry at least $10,000 in PIP coverage.
Most forms of insurance follow the car in Florida. However, the required personal injury protection (PIP) coverage follows the driver and not the car in the state.
In Florida, license plates belong to the state, so you must return yours when you cancel your insurance. Failure to do so could result in your license being suspended.
Car insurance can be expensive in Florida due to a variety of reasons that include the state’s no-fault auto insurance laws, environmental factors, weather risks and driver profiles. About 20% of Florida’s drivers were uninsured in 2019, according to the Insurance Research Council. This makes coverage more expensive for Floridians who do buy insurance.
Because consumers rely on us to provide objective and accurate information, we created a comprehensive rating system to formulate our rankings of the best car insurance companies. We collected data on dozens of auto insurance providers to grade the companies on a wide range of ranking factors. The end result was an overall rating for each provider, with the insurers that scored the most points topping the list.
Here are the factors our ratings take into account:
Our credentials:
**Data accurate at time of publication.
