Who has the cheapest insurance in FL?
Asked by: Dr. Darrell Corwin | Last update: July 27, 2025Score: 4.9/5 (1 votes)
Who has the lowest car insurance rates in Florida?
State Farm has the best cheap full coverage car insurance in Florida, at $163 per month. That's $109 per month cheaper than the Florida state average. Geico also has cheap full coverage, at $167 per month. That's only $4 per month more than State Farm, and Geico has lots of discounts available.
Who is the best car insurance company in Florida?
- Travelers: Best insurance company overall.
- Geico: Best for affordability.
- Auto-Owners: Best for having few customer complaints.
- State Farm: Best for ease of use.
What is the average insurance cost per month in Florida?
In Florida, full coverage car insurance costs an average of $348 per month, while minimum coverage is $95 per month. Full coverage car insurance in Florida costs 58 percent more than the average cost of car insurance nationwide.
Is $200 a month good for insurance?
Is $200 a lot for car insurance? Paying $200 per month is a little higher than average for car insurance. Nine states have average rates for full coverage that are higher than $200 per month, and no state has average rates that high for minimum coverage.
10 Cheapest Car Insurance Companies in 2024
Is Allstate cheaper than Geico?
GEICO is much cheaper and has better ratings than Allstate. Your experience with GEICO and Allstate will vary based on individual rating factors.
Why is insurance in Florida so high?
Florida's high accident and vehicle theft rates contribute to its status as a high-risk state for insurers. With the fourth-highest vehicle theft rate in the nation and a record number of lawsuits related to windshield replacement scams, insurance companies are forced to increase premiums to cover these costs.
Who is #1 in auto insurance?
State Farm is the largest auto insurance company in the U.S. based on written premium, or the total amount it bills customers. Progressive is the second-largest car insurance company, followed by Geico and Allstate.
How do I get lower car insurance?
- Shop around. ...
- Before you buy a car, compare insurance costs. ...
- Ask for higher deductibles. ...
- Reduce coverage on older cars. ...
- Buy your homeowners and auto coverage from the same insurer. ...
- Maintain a good credit record. ...
- Take advantage of low mileage discounts. ...
- Ask about group insurance.
Who is cheaper, GEICO or Progressive?
GEICO is cheaper and has better ratings than Progressive. Your experience with GEICO and Progressive will vary based on individual rating factors.
At what age is car insurance cheapest?
Experienced drivers are less likely to have accident claims, which means they cost less to insure. At Progressive, the average premium per driver tends to decrease significantly from 19-34 and then stabilize or decrease slightly from 34-75. At age 75, the average premium begins trending upward.
Who typically has the cheapest insurance?
Geico, Nationwide and Travelers are among the least expensive for car insurance. Americans are paying a lot for car insurance these days: Average annual rates for a full coverage policy are up to $2,638 per year, while minimum coverage averages $767 per year.
What is the most basic car insurance in Florida?
Minimum Insurance Requirements in Florida
Regardless, it's important that Florida drivers know the mandatory insurance requirements that apply statewide. The minimum requirements for auto insurance coverage are: $10,000 for personal injury protection (PIP) $10,000 for property damage liability (PDL)
Did Florida raise auto insurance rates?
Average premium increases
Recent data shows that Floridians are facing a staggering 24% increase in car insurance premiums compared to last year.
What is the cheapest car insurance in Florida?
Geico offers the cheapest full coverage in Florida, with an average rate of $2,138 per year according to NerdWallet's January 2025 analysis. Full coverage in Florida costs an average of $3,992 per year, or $333 per month. If you want the cheapest policy possible, get minimum coverage.
What makes your insurance go up the most?
Incidents such as accidents (even if you weren't at fault), speeding violations, reckless driving, and driving while intoxicated can increase premiums. If you've filed a claim in the past few years, this might also result in an increase to your premium.
What is going on with auto insurance in Florida?
Florida drivers are paying a lot more for car insurance compared to the national average, which is about $194 a month. According to Insurify, the average Florida driver spends about $267 a month on car insurance, which comes out to about $3,200 a year. Industry analysts think these numbers will rise even higher.
Who is cheaper, State Farm or Allstate?
State Farm offers cheaper rates on auto and home insurance than Allstate. State Farm also has higher customer service ratings. However, Allstate offers a few home and car insurance coverages that State Farm doesn't have.
Can you negotiate with Allstate?
The best way to negotiate your Allstate settlement is to hire a personal injury attorney who understands how insurance operate. Make sure you're prepared, documenting every penny, filing as quickly as possible, and calculating the real value of your claim.
Who is Allstate biggest competitor?
The main competitors of Allstate include Progressive (PGR), Travelers Companies (TRV), Arch Capital Group (ACGL), Markel Group (MKL), W. R. Berkley (WRB), Cincinnati Financial (CINF), Erie Indemnity (ERIE), Fidelity National Financial (FNF), CNA Financial (CNA), and Old Republic International (ORI).
What is the most expensive car insurance company?
Allstate
Allstate is one of the pricier major insurers in America, averaging as the most expensive out of the ten largest insurance providers. At $168 per month, covering a vehicle through Allstate costs $41 more than choosing another large auto insurance company. Esurance is an owned subsidiary of Allstate.
How much does State Farm full coverage cover?
State Farm's full coverage auto insurance covers liability claims, collision damage regardless of fault, and non-accident damage from things like animals and severe weather. Full coverage always includes liability insurance, collision insurance, and comprehensive insurance.