Before you hit the open road, you’ll want to make sure you have the right protection in place. Car insurance can offer a sense of security when you’re driving. While the average cost of car insurance is up across the country, many drivers in Florida may be paying higher-than-average premiums for coverage.
Of course, geography is just one factor that can influence how much someone pays for insurance. Other considerations include driving record, age, gender, credit score, car type, insurer, and level of coverage. Let’s take a closer look at the average cost of car insurance in Florida and how different factors may impact how much drivers pay for protection.
How Much Does Car Insurance Cost in Florida?
Florida drivers pay an average of $2,393 per year on car insurance, according to a 2023 U.S. News & World Report analysis of cheap car insurance companies. (By comparison, the nationwide average is $1,442 per year.) But as the chart below shows, that amount can vary widely by insurer.
| Company | Average Rate in Florida |
|---|---|
| Allstate | $3,169 |
| Direct General | $3,132 |
| Farmers | $2,957 |
| Geico | $1,414 |
| Mercury | $2,492 |
| Nationwide | $2,039 |
| Progressive | $2,735 |
| State Farm | $1,606 |
| Travelers | $1,993 |
| Source: U.S. News & World Report | |
Average Car Insurance Cost in Florida per Month
The average cost of car insurance per month in Florida is $199.42, compared to the national monthly average of $120.17.
Average Car Insurance Cost in Florida by City
Location can also impact car insurance costs. That’s because insurance companies consider factors such as local crime rates and traffic when determining how much to charge for coverage. Let’s see how the price of car insurance changes for residents of some major cities in Florida.
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| City | Average Annual Cost |
|---|---|
| Orlando | $2,426 |
| St. Petersburg | $2,680 |
| Fort Lauderdale | $2,929 |
| Tampa | $3,089 |
| Miami | $3,321 |
| Source: U.S. News & World Report | |
Average Car Insurance Cost in Florida by Age of the Driver
The driver’s age and gender can impact premium prices. Generally speaking, younger, newer drivers may pay a higher premium because they tend to have more accidents than older, more experienced drivers. Women often pay lower premiums than men because they tend to have fewer drunken-driving accidents. In the chart below, notice how insurance rates change based on age and gender.
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| Company | 17-Year-Old-Female | 17-Year-Old-Male | 25-Year-Old-Female | 25-Year-Old-Male | 60-Year-Old-Female | 60-Year-Old-Male |
|---|---|---|---|---|---|---|
| Allstate | $13,247 | $14,515 | $3,339 | $3,419 | $2,861 | $2,941 |
| Direct General | $6,803 | $7,202 | $3,656 | $3,837 | $2,711 | $2,696 |
| Farmers | $10,637 | $10,684 | $3,422 | $3,400 | $2,721 | $2,698 |
| Geico | $3,508 | $3,875 | $1,614 | $1,661 | $1,273 | $1,216 |
| Mercury | $12,237 | $14,232 | $3,137 | $3,027 | $1,870 | $1,927 |
| Nationwide | $6,836 | $8,649 | $2,273 | $2,401 | $1,737 | $1,821 |
| Progressive | $8,728 | $9,290 | $3,392 | $3,319 | $2,309 | $2,299 |
| State Farm | $3,989 | $5,057 | $1,736 | $1,845 | $1,446 | $1,446 |
| Travelers | $5,982 | $7,306 | $2,161 | $2,188 | $1,693 | $1,741 |
| Statewide Average | $7,996 | $8,979 | $2,748 | $2,789 | $2,069 | $1,847 |
| Source: U.S. News & World Report | ||||||
Average Car Insurance Rates After an At-Fault Accident
Have a history of fender benders and tickets? You may end up having to pay more for coverage. In general, the better a driver’s record, the more comfortable an insurance company is offering them lower rates. The chart below illustrates how insurance can go up even after one accident.
| Type of Policy | Clean Record Premium | After One At-Fault Accident Premium |
|---|---|---|
| Full Coverage | $2,208 | $2,902 |
| Source: U.S. News & World Report | ||
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Average Car Insurance Costs for Good and Bad Credit
A driver’s credit score is typically used by insurers to help predict insurance losses and set rates. A good credit score contribute to a lower premium, as shown in the analysis below from MoneyGeek.
| Type of Policy | Good Credit Premium | Bad Credit Premium |
|---|---|---|
| Full Coverage | $1,644 | $4,194 |
| Source: MoneyGeek | ||
What Else Affects Car Insurance Costs?
Let’s examine some other factors that can impact how much someone pays for car insurance.
How much you drive
The more someone drives, the more likely they are to get in an accident simply because they are on the road more often. As a result, driving more miles can lead to higher insurance prices.
Make and model of the car
When setting a rate, insurance companies often consider how expensive it would be to repair or replace the driver’s car. The higher these costs are, the more the driver will likely pay for coverage.
Amount of coverage
How much car insurance do you need? The amount may be based on your personal preference or your state’s minimum car insurance requirements. But in general, the more coverage you have, the more expensive your policy will likely be.
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How to Get Affordable Car Insurance
Looking to lower car insurance costs? Here are some strategies to consider:
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Choose a Car Wisely
The more expensive a car is to fix or replace, the more it may cost to insure. If you’re shopping for a new car, you may want to factor in the cost of insurance. The Insurance Institute for Highway Safety shares helpful information about the cost of insuring different makes and models of cars.
Request a Discount
Yes, it can be that easy to save on car insurance. Many insurance companies offer discounts for things like having a high GPA as a college student or being a longtime customer.
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Budget for a Higher Deductible
Choosing a higher deductible often means spending less on monthly premiums. However, it’s important to select a deductible you’ll be able to pay if you ever do need to file a claim.
Shop Around
Take some time to research and compare a handful of auto insurance issuers, so you can find the one that provides the coverage you need for the best price.
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The Takeaway
Though the price of car insurance varies across the country, drivers in Florida often pay higher-than-average costs. The average cost of car insurance in Florida is $2,393 per year, or $199.42 per month. However, several factors can impact how much you’ll pay, including your driving history, credit score, age, gender, location, insurer, and the type of car you have.
FAQ
What is the average car insurance cost per month in Florida?
The average cost of car insurance in Florida is $2,393 annually. This means consumers spend an average of $199.42 per month.
Is it expensive to insure a car in Florida?
Florida is the fifth most expensive state to insure a car, according to the Insurance Information Institute. On average, car insurance in Florida costs almost $1,000 more than the U.S.’s overall annual average of $1,442.
How much is full coverage in Florida?
For extra peace of mind, some consumers may choose to buy a full coverage policy. In Florida, the average full coverage car insurance policy costs around $2,208.
How much is car insurance for a 25-year-old in Florida?
The amount may depend on your gender. A 25-year-old female driver in Florida spends an average of $2,748 per year, compared to the $2,789 a male driver spends per year.
Photo credit: iStock/FrankMirbach
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