Geico has the cheapest car insurance with minimum coverage in Florida. Your age, driving history, preferred coverage limits, and credit score affect your annual premium. Although GEICO offers the cheapest car insurance in Florida for the average driver, what's more affordable for you may be different. If you have a DUI or speeding ticket on your driving record, you can find cheaper rates at State Farm.
For military families, USAA is also an affordable option. You can get an estimate of how much car insurance costs in Florida by entering your zip code into the MoneyGeek car insurance calculator. To get a personalized quote, you will be asked to provide more specific information. USAA, GEICO and Allstate are the three cheapest companies in Florida for liability coverage, so we suggest you start your search by comparing their rates.
Although GEICO is the second cheapest insurer for Florida drivers with a clean record, State Farm has lower rates for those with DUI. State Farm has lower rates for those with a speeding ticket on their record than GEICO, the second cheapest supplier for drivers with a clean record. MoneyGeek studied the policies available to drivers between the ages of 16 and 25 in Florida. We found that GEICO offers the cheapest insurance for young drivers within this range.
More drivers on the road increase the likelihood that accidents will occur and that insurers will have to pay claims. In Florida, 16-year-old drivers who have just received their license can expect to pay more for an auto insurance policy. Personal Injury Protection will cover your medical bills and expenses if you are injured in a car accident, up to the limits of your policy, no matter whose fault it was. Other than that, the best way to reduce your car insurance costs is to compare the rates of at least three insurance companies.
If you lease or finance your car, you may be required to have types of coverage that are not required under Florida law. One reason Florida's auto insurance rates are relatively expensive compared to other states is the large number of uninsured drivers on the roads. It is also one of the only major auto insurers to offer mechanical breakdown insurance (MBI), which acts as a car warranty and covers parts failures due to normal use. Collision covers car accidents and collisions with objects such as trees or telephone poles, while comprehensive insurance covers non-traffic damage caused by fire, theft and natural disasters such as floods and hurricanes.
In Florida, Geico rates are 66% cheaper than average for teens looking for car insurance with full coverage. You may want additional protection from optional coverages, such as collision insurance, comprehensive insurance and no driver insurance. As in many states that require personal injury protection coverage, Florida drivers tend to pay more for auto insurance, on average, compared to non-PIP states. Insurance ID cards must be carried in your car at all times and shown to the police when requested or after an accident.
Whether you're using a mobile phone, searching for objects in your car or fiddling with the radio, distracted driving has real consequences. Florida is a no-fault state, meaning Florida drivers must file claims with their own insurance provider for injuries after an accident, regardless of who is at fault. .