Florida drivers have plenty of options for Car Insurance. Geico and State Farm are among the Best Auto Insurance Florida Companies based on Bankrate’s extensive research. Car Insurance Sunshine State.
The average cost for full coverage auto insurance in Florida is $2,364 annually, based on Bankrate’s 2023 study of quoted annual premiums.
Florida’s roads can be crowded. In addition to the drivers who call the Sunshine State home, the state welcomed more than an estimated 131 million tourists in 2019, the second-most visited state behind California.
Related Post: How To Get The Best Car Insurance For You
Having a car insurance policy to financially protect you and your family if you cause an accident is an important part of your financial health.
Bankrate’s analysis of the largest Auto Insurance Companies in Florida might help you find the right company and coverage for your needs.
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Common Questions About Florida Auto Insurance
Need car insurance in Florida? Whether you live in the Panhandle or the Keys, Liberty Mutual Insurance has you covered. Best Car Insurance Sunshine State.
From liability protection to comprehensive coverage, we customize your Florida auto insurance, so you only pay for what you need.
1. What Car Insurance is required in Florida?
In Florida, it’s illegal to drive without insurance. Drivers in Florida are required to have the following car insurance coverage:
- Bodily injury,
- Property damage,
- Uninsured motorist, and
- Personal injury protection.
Related Post: What Is Auto Insurance – Do I Need Insurance Cover?
This chart shows the minimum auto insurance drivers are required to have in Florida
Coverage | Amount |
| Bodily Injury Coverage | $10,000 per person and $20,000 per accident |
| Property Damage Coverage | $10,000 per accident |
| Uninsured Motorist Coverage | $10,000 per person and $20,000 per accident |
| Personal Injury Protection | $10,000 |
2. What is the average cost of Car Insurance in Florida?
The average cost of car insurance in Florida is $2,328 per year per year according to thezebra.com. That’s 56.5% higher than the national average.
Of course, your auto insurance cost will depend on many different factors including your age, where you live, and your driving history.
Some people get the bare minimum coverage, while others prefer the comfort and security of more protection. Liberty Mutual customizes your Florida auto insurance, so you only pay for what you need.
3. What is the Best Car Insurance in Florida?
NerdWallet named Liberty Mutual one of the best car insurance companies in 2021. That’s because they understand that everyone has individual needs when it comes to their Florida auto insurance.
Some might want the cheapest Florida car insurance, while others want more coverage and an auto insurance company they know they can trust.
They help you customize your Florida car insurance, so you only pay for what you need. Car Insurance Sunshine State.
4. Who has the Cheapest Car Insurance in Florida?
Getting the Cheapest Car Insurance in FL may sound great, but that cheap rate can come at a cost when you need it most.
You want auto insurance that’s affordable, but even more importantly — reliable, in case you have an accident.
A Liberty Mutual auto insurance policy can cost less than you think.
- $617 lower than GEICO Insurance
- $659 lower than Allstate Insurance
- $643 lower than Nationwide Insurance
5. Cheapest Auto Insurance Rates in Florida: Geico
The average cost of car insurance in Florida is $2,072 per year, or $173 per month, for minimum liability.
The cheapest minimum-coverage car insurance in Florida comes from Geico. Car insurance from Geico costs $70 per month, which is 59% less than the average cost of coverage in Florida. Make your car insurance choice wisely.
6. What is Extended PIP Coverage?
Basic Florida PIP pays up to $10,000.
Extended PIP doesn’t go higher than the $10,000 limit, but it covers 100% of medical costs (instead of 80%) and 80% of lost income (instead of 60%).
There’s still coverage for replacement services and a death benefit. Still, with a limit of only $10,000, you can reach the PIP maximum quickly.
There’s also an “extended PIP” option that pays 100% of medical bills and excludes any coverage for lost wages. This option also still includes replacement services and a death benefit.
You cannot have a deductible if you choose extended PIP.
Florida Auto Insurance Requirements
a). General Information
Before you register a vehicle with at least four wheels in Florida, you must show proof of Personal Injury Protection (PIP) and Property Damage Liability (PDL) automobile insurance.
PIP covers 80 percent of all necessary and reasonable medical expenses up to $10,000 resulting from a covered injury, no matter who caused the crash.
PDL coverage pays for damage to another person’s property caused by you or someone else driving your insured vehicle.
Proof of PIP/PDL coverage must be issued by an insurance company licensed in Florida to sell policies or by qualifying for a self-insurance certificate issued by FLHSMV.
Any vehicle with a current Florida registration must:
- be insured with PIP and PDL insurance at the time of vehicle registration.
- have a minimum of $10,000 in PIP AND a minimum of $10,000 in PDL. Vehicles registered as taxis must carry bodily injury liability (BIL) coverage of $125,000 per person, $250,000 per occurrence and $50,000 for (PDL) coverage.
- have continuous coverage even if the vehicle is not being driven or is inoperable. Surrender the license plate/tag BEFORE cancelling your insurance.
- purchase the policy from an insurance carrier licensed to do business in Florida. (If you are new to the state, you may ask your agent to transfer your current insurance to a Florida policy.)
- maintain Florida insurance coverage continuously throughout the registration period regardless of the vehicle’s location. (Military members stationed out-of-state/country may be exempt. Visit our military page for more information.)
b). Non-Resident
The vehicle you own must have a Florida registration and license plate and be insured with a Florida policy when a non-resident:
- Accepts employment or engages in a trade, profession or occupation in Florida; or
- Enrolls children to be educated in a Florida public school.
- You must obtain the registration certificate and license plate within 10 days after beginning employment or enrollment. You must also have a Florida certificate of title for your vehicle unless an out-of-state lien holder/lessor holds the title and will not release it to Florida.
c). Moving Out of State
Do not cancel your Florida Car Insurance until you have registered your vehicle(s) in the other state or have surrendered all valid plates/registrations to a Florida Driver License Office and Motor Vehicle service center or Tax Collector’s office.
If you are keeping the insurance carrier, they can change your coverage to your current state of residence when you make the registration change.
d). Penalties
You must maintain required insurance coverage throughout the registration period or your driving privilege and license plate may be suspended for up to three years.
There are no provisions for a temporary or hardship driver license for insurance-related suspensions.
Turn in your license plate at your nearest driver license office and motor vehicle service center or Tax Collector’s office BEFORE canceling your insurance to avoid suspension and reinstatement fees.
Failure to maintain required insurance coverage in Florida may result in the suspension of your driver license/registration and a requirement to pay a reinstatement fee of up to $500.
e). Definitions:
- Bodily Injury Liability (BIL) pays for injury or death to others.
- Judgment occurs when an at-fault party is sued in a civil court for damages caused in a motor vehicle crash and has not satisfied property damage and/or bodily injury requirements.
- Personal Injury Protection (PIP) covers you regardless of whether you are at-fault in a crash, up to the limits of your policy.
- Property Damage Liability (PDL) pays for the damage to other people’s property.
- Security Deposit is an amount of monies posted in lieu of obtaining a release in an at-fault crash.
- SR22 an insurance filing certifying bodily injury liability (BIL) and property damage liability (PDL) to comply with the reinstatement requirements of the Florida Financial Responsibility Law
f). Self-Insurance Florida
Section 324.171, Florida Statutes outlines the financial requirements for the department to issue a certificate to qualified individuals or other specified entities as a self-insurer.
Car Insurance Quotes in Florida
Are you looking for affordable Car Insurance in Florida? Maybe you’ve been a resident of the Sunshine State for a while and are simply looking for a better or more affordable auto policy.
Every driver in Florida needs auto insurance coverage. See why millions of policyholders trust GEICO to provide exceptional car insurance —from liability protection to comprehensive coverage.
If you’re buying a new car, comparing car insurance quotes, or looking to switch auto insurance providers.
GEICO has the information you need to make an informed decision. They make it easy for you to get a free Florida car insurance quote online.
Florida Auto Insurance Discounts
Drivers in the Sunshine State are looking for car insurance that delivers exceptional service along with great value.
GEICO has you covered with a variety of Florida car insurance discounts. Discounts on auto premiums available in the state of Florida include:
- New Vehicle Discount
- Defensive Driving Discount
- Good Student Discount
- Military Discount
- Multi-Policy Discount
Learn more about all of the Car Insurance Discounts that are available to GEICO policyholders in Florida.
Florida Car Insurance Laws
According to the Florida Department of Highway Safety and Motor Vehicles (DHSMV), all drivers in the state must have auto insurance coverage.
If you are pulled over, you can be fined for not having valid proof of Florida car insurance. So be sure to have your insurance ID card when you drive.
Two important Florida Auto Insurance Laws to be aware of are the Financial Responsibility Law and the No-Fault Law:
- The Financial Responsibility Law: Requires certain drivers to carry full liability Auto Insurance coverage due to their driving history. These drivers include those at fault for past accidents resulting in injury to others, those who have received excessive points against their license, a DUI or a revocation due to serious and/or repeated offenses.
- The Florida No-Fault Law: Requires all drivers to carry Personal Injury Protection (PIP). This coverage helps pay the insured’s medical bills in the event of an accident, regardless of fault. People often think drivers can’t be legally pursued for injuries they cause in an accident because Florida is a No-Fault state, but that isn’t right. No-Fault just means that drivers involved in an accident rely on their own car insurance providers to pay for subsequent costs.
Florida Insurance Agents
GEICO has experienced insurance agents in offices across Florida who are ready to help you. They can answer questions you have about your car insurance in Florida.
They combine 24/7 convenience along with dedicated agents you can speak with in person or over the phone is another reason Florida drivers switch to GEICO for an auto insurance policy. Learn more about Florida insurance agents. Auto Insurance Florida – Best Cheap Car Insurance
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