How Much Is Car Insurance in Florida?
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Florida is one of the most expensive states in the nation for car insurance, second only to Louisiana. According to NerdWallet’s analysis, the average cost of full coverage car insurance in Florida is $2,781 per year, or about $232 per month, for a 35-year-old driver with good credit and a clean driving history. Meanwhile, the average cost of a minimum coverage policy is $1,086 per year, or about $91 per month.
The cost of car insurance in Florida will vary for each driver, since factors like age, the insurance company writing the policy and whether a driver has had a recent violation all affect how much someone pays for insurance.
Read on for NerdWallet’s analysis of Florida car insurance costs.
Why you can trust NerdWallet: Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices we show you because our data analysts take rigorous measures to eliminate outliers and inaccuracies in pricing data, which include rates from every locale in Florida where coverage is offered and data is available. When comparing rates for different coverage amounts, ages and backgrounds, we change only one variable at a time, so you can easily see how each factor affects pricing.
Average car insurance cost in Florida by company
Out of the six Florida companies analyzed, State Farm emerged as the cheapest company overall for full coverage. It has an average annual rate of $1,973, or $164 per month, for a 35-year-old driver with good credit and a clean driving record. It was also the only company with an average full coverage rate under $2,000 per year.
Meanwhile, Geico is the cheapest option for minimum coverage, with an average rate of $717 per year, or about $60 per month.
Take a look at the average costs for all companies analyzed in the table below, sorted from lowest to highest based on average full coverage cost.
Company | Average full coverage rate per year | Average minimum coverage rate per year |
|---|---|---|
State Farm | $1,973 | $790 |
Geico | $2,049 | $717 |
Allstate | $2,680 | $951 |
MetLife | $2,940 | $1,194 |
Progressive | $3,442 | $1,566 |
Direct Auto | $3,599 | $1,299 |
» MORE: Cheap car insurance in Florida
Average car insurance cost in Florida by age
Age plays a big role in determining how much a driver will pay for car insurance in Florida. Typically, the younger the driver, the more expensive the car insurance policy.
According to our analysis, the cost of car insurance in Florida drops more than 40% from age 20 to age 30. But rates tend to remain somewhat level after age 30, with only a slight decline in price as age increases.
Below are the average costs of car insurance in Florida, by age, for both full and minimum coverage.
Age | Average full coverage rate | Average minimum coverage rate |
|---|---|---|
20 | $4,897 | $1,876 |
30 | $2,842 | $1,109 |
35 | $2,781 | $1,086 |
40 | $2,695 | $1,053 |
50 | $2,558 | $992 |
60 | $2,493 | $963 |
Average car insurance cost in Florida by driving history
Driving history is one of the most important factors in determining the cost of car insurance. According to our analysis, a driver in Florida with a spotless driving history pays almost $600 less, on average, for full coverage car insurance than someone with a recent speeding ticket. And that difference continues to grow when comparing average rates for drivers with a DUI or recent accident.
Here are the average annual Florida car insurance costs for both full and minimum coverage based on driving history.
Driving history | Average full coverage rate per year | Average minimum coverage rate per year |
|---|---|---|
Good driver | $2,781 | $1,086 |
One speeding ticket | $3,359 | $1,332 |
DUI | $3,794 | $1,579 |
One recent accident | $3,993 | $1,617 |
Average car insurance cost in Florida by credit history
Insurers in Florida use a credit-based insurance score to price rates. Drivers with good and excellent credit can expect to pay much less for car insurance, on average, than a driver with poor credit. Our analysis found that drivers with poor credit pay an average of 62% more for full coverage car insurance than those with good credit.
The average cost of car insurance in Florida for a driver with good credit is $2,781 per year for full coverage, or about $232 per month.
Check out the table below to see how Florida car insurance costs differ based on credit history.
Credit history | Average full coverage rate | Average minimum coverage rate |
|---|---|---|
Excellent | $2,375 | $897 |
Good | $2,781 | $1,086 |
Poor | $4,514 | $1,990 |
For our “good driver” profile, NerdWallet averaged insurance estimates for single male and female drivers with good credit and no tickets or violations. The analysis included six insurance companies in Florida. Liberty Mutual and its subsidiaries were excluded from our analysis as rates were not available.
For full coverage policies, we used the following coverage limits:
$100,000 bodily injury liability per person.
$300,000 bodily injury liability per accident.
$50,000 property damage liability per accident.
$100,000 uninsured motorist coverage per person.
$300,000 uninsured motorist coverage per accident.
Collision coverage with a $1,000 deductible.
Comprehensive coverage with a $1,000 deductible.
Minimum additional coverages were added. Some policies include additional coverages at the insurer’s discretion.
We used a 2019 Toyota Camry L for all drivers and assumed 12,000 annual miles driven.
We analyzed rates for drivers 20 to 60 years old in ten-year increments.
We used the same assumptions for all other driver profiles, with the following exceptions:
For drivers with minimum coverage, we adjusted the numbers above to reflect the minimum required coverage by law in Florida.
For drivers with one at-fault crash, we added a single at-fault crash that happened six months ago, resulting in $10,000 in property damage and no bodily injury claim.
For drivers with a DUI, we added a single drunken driving violation that happened six months ago.
We looked at 35-year-old drivers to find the cheapest company overall, the cheapest company for minimum coverage and the cheapest company for drivers with poor credit in states where credit history is used to price rates.
These are rates generated through Quadrant Information Services. Your own rates will be different.
