Car Insurance in Florida

From Miami to Jacksonville, here's your guide to finding the most affordable coverage in Florida. 

By Editorial Team, Car Insurance Land | Updated 2021

Here's the scoop on Florida auto insurance

Florida is the 3rd largest state with 21 million residents and over 660 miles of coastline spanning Jacksonville to Miami to Tampa to Orlando and to the capital of Tallahassee. Each person is unique and so is the geography (and the drivers around you). Learning about the right coverage for you and shopping for multiple quotes is the best approach to protect yourself and save. 

 

We researched many companies to help guide you in your shopping process. We researched the marketplace comparing rates for a 30yr old male driving a 2020 Toyota Corolla (a top vehicle in Florida) driving 10,000 miles per year. 

Geico is most affordable across all the groups that we researched. It should come as no surprise that they have over 20% market share in Florida given their affordable rates. Here is the detail on our research.

Best Auto Insurance Companies in Florida

 

Geico is the cheapest across all categories we researched and we recommend getting a quote with them. They are the largest company in Texas and more than 20% of your neighbors have affordable insurance with them. 

 

Progressive is #2 and offers great online quoting and usage based insurance. Having over 20% of the market share is a good indicator their rates are very competitive in addition to their strong reputation for great customer service.

The Top 10 Largest Car Insurance Companies in Florida

Rank
Insurer
Market Share %

Geico

Progressive

State Farm

Allstate

USAA

Liberty Mutual

Travelers

Kemper

Direct Auto

Farmers

1
2
3
4
5
6
7
8
9
10

24%

21%

14%

9%

7%

3%

2%

2%

2%

2%

Full Coverage - Geico is cheapest, providing affordable rates and great coverage

Full coverage is the most popular coverage as it protects both you and your vehicle. We sampled top insurance companies both big and small with the most common liability limits of 50,000/100,000/50,000 and $1000 deductibles for both comprehensive and collision.

 

We found that Geico offers the cheapest car insurance and offers the opportunity to save more with their usage based insurance DriveEasy. Progressive is also very competitive and can provide savings. Progressive offers Snapshot, a usage based insurance program, allowing you to pay based on your actual driving behavior and another opportunity to save. Travelers was least affordable according to our analysis.  

 

Geico and Progressive are the two largest auto insurance companies in Florida because of their competitive rates. Many of your neighbors have been switching to them and saving.

Best Florida Full Coverage Car Insurance

Rank
Insurer
6-Month Premium

Geico

Progressive

Safeco

Mercury

Liberty Mutual

Travelers

1
2
3
4
5
6

$750

$1,002

$1,302

$1,440

$1,542

$1,740

Liability only coverage can save you around 40% versus full coverage

 

The savings are similar across companies so using the above list of top insurers is a good starting point to save. Geico offers the lowest rates and best savings according to our research. 

 

Depending on your vehicle value, you may choose liability only coverage (meaning not electing comprehensive and collision insurance). If your vehicle is leased or financed, you will be required to have full coverage. 

 

Geico offers the lowest rates for drivers with accidents, over 50% lower than other top insurance companies. 

 

Accidents happen, about 10% of drivers have an accident each year and your premium will likely increase. Our analysis shows an accident can raise your full coverage premium by several hundred dollars, making shopping for the cheapest insurance very important. 

 

We found a wide range of premiums with Geico being most affordable, by far. Geico can save you over $500 every six months compared to other top carriers. 

Best Florida Full Coverage Car Insurance If You Have Accidents

Rank
Insurer
6-Month Premium

Geico

Mercury

Progressive

Liberty Mutual

Travelers

Safeco

1
2
3
4
5
6

$780

$1,440

$1,524

$1,704

$1,740

$1,776

Geico also offers the cheapest insurance if you have a violation like a speeding ticket. 

 

Many of us have had a speeding ticket or another violation at one point. Like the other common scenarios in Florida, Geico offers the best rates. 

 

Having Geico at the top of your quoting list is a potential way to save money while protecting your assets. It is important to shop around and then make sure to get a new quote once the violation is three years old and insurers no longer surcharge for the violation(s).

Best Florida Full Coverage Car Insurance If You Have Violations

Rank
Insurer
6-Month Premium

Geico

Safeco

Mercury

Progressive

Liberty Mutual

Travelers

1
2
3
4
5
6

$1,074

$1,302

$1,440

$1,446

$1,542

$1,740

Geico is cheapest for teenagers, allowing you to save over $2,500 annually compared to other top insurers.

 

Insurance for teenagers can be very expensive as they aren’t always the safest drivers. Geico provides the best savings, saving you an average of $1500 every six months versus other insurers. GEICO is a top insurer in Florida and it’s not easy to see why.

Best Florida Full Coverage Car Insurance for Teenagers

Rank
Insurer
6-Month Premium

Geico

Progressive

Mercury

1
2
3

$1,332

$3,072

$5,718

What you'll need to get a car insurance quote and purchase a policy in Florida?

Before you start looking for vehicle insurance, you'll need a few pieces of information in order to receive an accurate quotation, such as the:

  •  Make, model, and year of your vehicle 

  • Your driving record: Giving an honest account of any fines or accidents you've had can improve the accuracy of your quotation.

  • The mileage of your vehicle: Some insurers will want information to obtain an idea of how frequently you drive.

 

Learn more about the quoting process here.

How to Compare Automobile Insurance Rates in Florida

Getting a few quotes from different providers and comparing rates and coverages is the best method to shop for auto insurance. Keep these four things in mind as you go:

 

  • ​Deductible - The greater your deductible, the cheaper your rate. However, be sure your deductible isn't so high that you can't afford to pay for repairs before your insurance kicks in. For comprehensive, collision, and gap coverages, you'll usually have to pay a deductible.

 

  • Types of coverage - A liability-only insurance will save you money, but it may not meet your needs. Your lender will need comprehensive and collision coverage if you lease or loan your vehicle. Some lenders may even need more liability coverage than the state minimum. Even if your automobile is paid off, if it is new, you should consider comprehensive and collision coverage to avoid paying an exorbitant repair cost yourself. Learn more about popular vehicle insurance policies.

 

  • Coverage limitations - This is the maximum amount your insurance will pay for physical injury or property damage. Selecting your state's minimal liability coverage will lower your rate, but it may not be enough to pay the amount owed to the injured person. To obtain a sense of how high you should set your limits, use a coverage calculator.

 

  • Premium - This is your bottom line – the precise cost of your insurance each payment cycle (options for payment frequency will vary). If you already know the coverages and deductibles you want, make sure each quotation includes them so you can compare apples to apples. If not, you may alter each quotation to observe how your pricing changes as more coverage is added.