Cheapest Car Insurance in Florida (Detailed Guide)

How to get the cheapest car insurance in Florida: One of the most important things that you need to consider if you have a car is to insure your car. This is because car insurance cannot only help with the repairs of your car in case it is broken or damaged but it can also help in case you find yourself in an unfortunate situation such as a road traffic accident. Insurance is basically a mechanism to not just protect your car but also to protect yourself from any calamities that you may experience while on the road. 

 

Another thing that must be kept in mind is the fact that car insurance is compulsory for you to be able to drive your car.  If you are from the state of Florida you will know that car insurance rates in Florida are pretty high. In fact, the rate of car insurance and Florida is actually much higher in comparison to any other state in the United States of America. There are many reasons as to why the rate of insurance for cars varies from one jurisdiction to another. This includes aspects such as the rate of accidents, the terrain involved, and the number of car owners on the road. 

 

If you want to protect the car that you have purchased with your hard-earned money it is important that you insure it, and pick a coverage plan for your insurance that offers a sufficient number of benefits. It is possible to find a plan that is both affordable and that offers good coverage as long as you do your research properly. While there are many car insurance agencies in the state of Florida it is important to remember that their policies and rate of interest will vary from one company to another. 

car insurance in florida

Drivers who are usually entitled to cheaper insurance rates and other aspects pertaining to insurance

Depending on certain aspects, certain drivers may be entitled to a cheaper rate of insurance than certain other drivers. This is because one of the primary things that an insurance company is concerned with is the mitigation of risk. For an insurance company to be able to provide more audible premiums and policies it is important that the driver in question is also a less risky option for the insurance company to insure. This is because a risky driver is more likely to make insurance claims. Unfortunately one of the things that must be kept in mind that one risky driver may also be responsible for driving up the rates of insurance in your state. Here are some of the drivers who are entitled to discounted rates of insurance because of their driving skills. 

 

Good Drivers

Insurance companies preferred to insure good drivers and those drivers with a good record of driving. This includes people who have not received tickets for bad driving and who have not been convicted of offences related to road traffic accidents. having a record of driving under the influence or of reckless driving can significantly affect your status as a good driver. To be qualified as a good driver, you should attempt to ensure that you follow all road safety rules as well as procedures while on the road and know how to read the signs on the road while driving.  

 

Different insurance companies offer different rates of insurance to good drivers. Usually, the rate at which insurance is offered to good drivers is much lower than the rates offered to drivers with the poor driving track record. As of 2019, the average monthly rate for insurance for your good driver extends to about $150 monthly and about $2500 annually.

 

Company Name Monthly Rate (approx. in $) Yearly Rate (Approx. in $)
State Farm 160 1915
GEICO 175 2010
Liberty Mutual 190 2305
Allstate 270 3275
Progressive 310 3725

 

Drivers with bad credit

It is true that bad credit can affect the rate of interest on loans and insurance. However, it is not true that everybody with bad credit is likely to have a terrible insurance deal. There are many insurance companies that specifically deal with customers who have bad credit and provide them an option to seek insurance that is both affordable as well as viable. It is important to do your research and find an insurance company that provides services to customers with bad credit as well. Here is a comparison of the rates of insurance provided by some of the mean insurance companies to those with bad credit. 

 

Company Name Monthly Rate (approx. in $) Yearly Rate (Approx. in $)
State Farm 280 3400
GEICO 340 4065
Liberty Mutual 280 3369
Allstate 485 5790
Progressive 590 7105

 

Young Drivers

Among all other demographics in the market, the target group that ends up paying the highest rates of insurance are young drivers or drivers who have just recently received their licenses. this is because of two main reasons, the first reason being that young drivers are seen as more likely to be reckless or hazardous drivers compared to those with more experience. Secondly, the lack of experience of young drivers by itself is seen as a disadvantage when it comes to seeking insurance. 

 

If you are a young driver who has just recently received their license and who has purchased the car it might be helpful to check out which companies provide specific discounts to student drivers and young drivers in order to save on your insurance costs. there are many discounts offered to students with good track records in school as well as in University and is usually termed as a good student discount. If you are a young driver and sure that you enquired about such discounts and any beneficial rate of interest that you are entitled to. If you are a young female driver the rate of interest that you may have to pay are likely to be lower than that of the rate of interest offered to young male drivers.

 

While there are many companies that offer specific discounts, GEICO is one of the foremost companies that provide the cheapest insurance to young drivers in Florida. Here is a comparison of the rates of insurance offered to young drivers by the most prominent insurance companies in the state of Florida. 

 

Company Name Monthly Rate (approx. in $) Yearly Rate (Approx. in $)
State Farm 160 1930
GEICO 140 1700
Nationwide 240 2860
Allstate 300 3560
Progressive 290 3480

 

Drivers with low mileage

Drivers with low mileage are also likely to be entitled to lower rates of interest on insurance policies as well as a better plan overall. This is because of the simple reason that the less you drive the less likely you want to get into accidents. Therefore, from the perspective of an insurance company, it is much safe for and more profitable to provide insurance to drivers who are less likely to involve them sells in situations that create liability for the insurance company. State Farm is one of the companies that is highly reputed for providing extremely competitive insurance rates for those drivers with low mileage. However it is not the only company that provides good insurance rates and therefore depending on which area you are located in and what exactly you are looking for from your insurance policy, a suitable choice may be made. Here is a comparison of the rates of insurance offered to drivers with low mileage by the most prominent insurance companies in the state of Florida.

 

Company Name Monthly Rate (approx. in $) Yearly Rate (Approx. in $)
State Farm 140 1655
GEICO 160 1920
Liberty Mutual 170 2040
Allstate 250 3020
Progressive 310 3725

 

Retired Drivers

Senior citizens or drivers who have been retired for a considerable period of time or less likely to use their car constantly. This means that the liability for the insurance company is much lower to provide insurance to retired drivers and to senior citizens compared to other drivers on the road. Furthermore, those who have been driving for a considerable period of time also have more experience meaning that they are less likely to get into any accident. Here is a comparison of the rate of insurance provided to older drivers and senior citizens by the most prominent insurance companies in the state of Florida. 

 

Company Name Monthly Rate (approx. in $) Yearly Rate (Approx. in $)
State Farm 160 1910
GEICO 110 1355
Allstate 220 2670
Progressive 270 2570

 

However, it is important to remember that while insurance rates for those drivers who do not drive much beyond a certain age are low, this same low rate of interest may actually be very high beyond a certain age cut off. This is because geriatric drivers are less likely to have fast reflexes and quick response times meaning that the chances of getting into a road traffic accident are much higher. 

 

Rate of insurance based on location

Apart from the quality of drivers which differentiates the rate of insurance another differentiating factor which has a role in the amount of interest that has to be paid, the cost of the policy, and the extent of coverage offered depends on the geographic location that the person seeking insurance is located in. This difference in the rate of insurance based on the geographic location is because of the extent of accidents and the terrain variations from one location to another.  

Miami

Anyone who has ever heard of Florida probably associates it with Miami. Miami and Florida or almost synonymous to those who are not from the United States of America. it is one of the most important cities in Florida. Because of a variety of geographical and weather factors such as high temperature rates a coastline and beaches, the rate of interest in Miami is much higher compared to any other city in the state of Florida. However, if you belong to the city of Miami that is no reason to fret. This is because there are a number of prominent insurance companies providing insurance at highly competitive rates in Miami as well. The average rate of insurance that you may have to pay for your car is around $590 per month in this city of Miami. here is a comparison of the 3 cheapest but extremely competitive insurance plans that a person can opt for in the city of Miami. 

Name of Company Rate of Insurance(Approx. in $)
Florida Farm Bureau 590
GEICO 1240
Travelers  1420

Orlando

Another important city in the state of Florida is the city of Orlando. Orlando is famous for its tourist attractions and especially for its Disney World. scores of people from all over the world visit Orlando every year to visit Disney World. There are a number of prominent insurance companies offering insurance for drivers at extremely competitive rates in Orlando as well. the average rate of insurance is around $1500 annually in Orlando. Here is a comparison of the three most competitive rates of insurance that a driver can opt for in this city of Orlando. 

 

Name of Company Rate of Insurance (Approx. in $)
Florida Farm Bureau 430
GEICO 730
Travelers  820

Port St. Lucie, Florida

If you want to witness the world’s largest tropical bonsai collection you will probably have to head over to Port Saint Lucie one of the most beautiful cities in the state of Florida. Port Saint Lucie is also famous for its Navy SEAL museum with its fascinating displays. If you are not from this city one of the things that you will probably witness when you head over to Port Saint Lucie is the number of vehicles that are present on the road in this city. The sheer number of vehicles that are there in the city has contributed to the burgeoning car insurance trade here. Here is a comparison of the three most competitive rates of insurance that a driver can opt for in this city of Port St. Lucie. 

Name of Company Rate of Insurance (Approx. in $)
Florida Farm Bureau 460
GEICO 720
Travelers  735

St. Petersburg, Florida

Florida is filled with famous cities that have a number of beautiful attractions and Saint Petersburg in Florida is no exception. Given the growth of commercial establishments an increased settlement in the city of Saint Petersburg, the number of cars that the city has, are slowly increasing day by day. Therefore it is quite possible to get insurance for cars at extremely competitive rates in Saint Petersburg in Florida. Here is a comparison of the three most competitive rates of insurance that a driver can opt for in this city of St. Petersburg. The average annual rate of insurance in St. Petersburg is about 1500$, which is tremendously competitive depending on the level of coverage offered. 

Name of Company Rate of Insurance (Approx. in $)
Florida Farm Bureau 515
GEICO 790
Travelers  835

Panama City

Another important city in the state of Florida is Panama City. Given the increased movement of cars in this city as well, there are a number of insurance companies to choose from that offer car insurance at highly comparative rates with good coverage policies. usually, the average rate of annual insurance that a person will have to bear is about $600. You can choose between the usual companies search Liberty insurance or GEICO. 

 

How can you get the Cheapest Car insurance in Florida

Irrespective of what you do and how you are employed, one of the most important things for most people is to save as much money as possible. This is true while opting for car insurance as well. While it is important to choose the company that offers competitive rates that you can save money on, it is also equally important to choose an insurance plan that will ensure that your coverage is sufficient and that you are safely insured. Here are some of the things that may help you to get a better insurance plan and that may help cut down on insurance costs as well as higher interest rates. 

 

Get certified for safe driving

The biggest liability for any insurance company is to insure somebody who does not drive safely. If an individual keeps getting into accidents it is a huge liability for the insurance company because they will have to make good the losses. Therefore insurance companies are much more predisposed towards providing better rates and better policies for drivers who are good drivers and who do not have any vehicular violations on their record. By getting certified for safe driving you are demonstrating to the insurance company that you are a decent driver and a low liability for them. Therefore you are more likely to get more favourable terms and lower interest rates.

 

Improve your credit score

Your credit score affects your ability to get better insurance rates as well as a better coverage at a lower rate of interest because your financial stability and your credit score demonstrate your ability to pay your insurance premiums in a timely manner. Many car insurance companies choose to run a preliminary credit check on their customers. Therefore if you are having to pay high rates of interest for insurance or if your plan does not have the coverage under the insurance policy that you have currently selected, it may be time for you to check your credit score out and do your bit to improve it. 

 

Lower miles are driven

The lower the number of miles that you drive with your car, the less likely you are to be on the road and therefore as a result less likely to get into a situation where there is an accident. It is for this reason that insurance companies offer more favourable terms to those that lower mileage. If you do not drive much and if your mileage is low you are more likely to get a better coverage or a lower rate of interest for the same premium as compared to someone who constantly drives. Ensure that you capitalize on this if you do not drive much while seeking insurance. 

 

Provide insurance companies know your driving history

A lot of people are sceptical about providing the driving history to insurance companies. however, if you do not have anything to hide in your driving history and if you are overall a safe driver it makes sense to provide your driving history to the company because it may lower your rate of interest as well as the overall cost of your policy. This is usually a method employed by insurance companies to assess the risk of the driver. Since risk directly equates to liability for insurance companies if you are deemed a low-risk driver the chances of you getting more favourable terms are higher. 

 

Some insurance companies that offer discounted plans

There are certain insurance companies that offer discounted plans to certain categories of individuals seeking insurance. Each of these discounts varies from one company to another, and also depends on aspects such as whether the person in question is eligible for the discount. Here are some of the discounts that you can consider applying for, in case you plan to take a new policy, or plan to switch over to a different insurance provider. Amongst other companies, the most popular are GEICO, Liberty Mutual, and Allstate.  

 

1. GEICO

Anyone who is research any amount of car insurance plan and is from the United States of America has probably heard about GEICO. It is one of the foremost companies in providing car insurance in the country. Here are some of the discounts that GEICO offers that you can consider applying for in case you are planning to seek car insurance and can also consider being one of the best companies to provide the cheapest car insurance in Florida.  

 

  • Good driver discount: As discussed already a good driver is much less of a liability do an insurance company as compared to somebody with a poor driving record. therefore if you are a good driver with no traffic violations, one of the things that you could do is seek out a good driver discount. 
  • Defensive Driver discount: There are two types of drivers on the road. One type of drivers usually drive cautiously and defensively, and the other type tends to be reckless and engage in hazardous behaviour. For a better rate of insurance, it is always better to be a defensive driver since there are discounts given to defensive drivers.
  • Good Student discount: Many insurance companies encourage good students by providing a good student discount. In GEICO, if you maintain grades above the average of B, you might be eligible for a good student discount. Ensure that you enquire about this discount if you are a student who wants to save some money on their insurance plan. 
  • Membership discount: There are certain organizations which if you are a part of, you are likely to be entitled to a membership discount from GEICO. However, one important thing to remember is that you have to provide this information at the time of applying for your policy. 
  • Safety discount: There are many features in a car that help prevent damage and theft, such as an anti-theft lock, auto-locking brakes, etc. If your car has any of these safety features, it means that the liability of the insurance company is lower, and this might mean that you are likely to get discounts on your insurance plan. 
  • Multivehicle discount: There are some families that opt to insure all the cars of their family from one insurance provider, or individuals who have multiple cars that decide to insure all their vehicles under the policies of a single insurance company. Doing so may entail you to a multi-vehicle discount. 
  • Federal employee discount: If you are an employee of the federal government or of the military of the United States of America you may be entitled to a special discount when it comes to insuring your car.

 

2. Progressive

Another prominent insurance company that offers car insurance at extremely competitive rates is Progressive. Progressive also provides a number of discounts for its customers. the eligibility criteria for each of the discounts provided may vary and it is important to check as to whether or not you are eligible for these discounts before applying for them. 

 

  • Safe Driver Discount: Ensuring that the driver drive safely is one of the most important criterion that an insurance company considers before providing insurance to that particular driver. this is because when a driver begins to drive recklessly the liability is transferred onto the insurance company. If you are a safe driver, then you may be entitled to a safe driver discount. 
  • Multi-vehicle discount: It is more profitable for insurance companies to provide insurance for multiple cars at the same time. Therefore if you and your family are planning to take car insurance at the same time it makes sense from a money-saving perspective to insure all your vehicles with the same insurance company to avail of this discount. 
  • Online quote discount: not everybody has the time to physically visit an insurance company and figure out their insurance plan. therefore for these kinds of people, there is an online quote option as well. Not only is it much easier to get a quote online but you may actually be entitled to get an online quote discount as well. 
  • E-sign discount: If you complete the entire insurance process online as well and e-sign the documents, you may be eligible for this discount. Ensure that you enquire about what the eligibility criteria for availing this discount is. 
  • Good Student discount: Based on the great that you are getting if you are a student you may be entitled to avail of the good student discount. Each company has different parameters on what qualifies as a good student for this discount. Talk to the insurance agent to find out what grades you will need to maintain to avail of this discount. 
  • Away at school discount: if you let more than 100 miles away from your school you will be entitled to avail of this discount. the primary criteria to be eligible for this discount is to be a student and to go to school outside the geographic limit set by the insurance company. 
  • Snapshot program discount: In order to encourage safe and responsible driving the snapshot program has been introduced by Progressive. You will have to share your driving history and your driving habits with the company in order to avail of this discount.
  • Pay in full discount: if you can afford to pay in full one of the most beneficial discounts that any person can get is the pay in full discount. this discount is given to those who pay or a lump sum of the entire premium at the very start of the policy itself. 

 

There are certain other types of discounts as well provided by progressive suggest the multi-policy discount and discount for adolescents who have just begun driving. Ensure that you talk to your insurance agent and find out about what the various discounts are that you can avail of because it can help save a considerable amount of money.  

 

Another company that is famous for providing car insurance at combative rates in the US is Allstate. Here are some of the discounts that are provided to its customers by Allstate. Allstate usually has extremely affordable and cheap rates of insurance.  

  • Smart student discount: To encourage students to keep performing well academically Allstate provides a smart student discount. if you have a good academic track record, you may be entitled to this discount.
  • Safe driving discount: Safe driving means less liability for the insurance company because you are less likely to get into accidents. if you are a safe driver and do not have any traffic violations on your record you may be entitled to get a safe driving discount. 
    • Anti-lock brake discount: This is a technology that has been developed to improve car safety. anti-lock brake technology ensures that the wheels of the car do not get locked up when you use the brake. If the breaks of your car employ such technology you may be entitled to this discount. 
  • Anti-theft discount: The insurance company becomes liable even if your car gets stolen. Therefore if there is any technology that helps keep your car safe such as anti-theft technology it can entitle you to an anti-theft discount. 
  • New car discount: While most people are under the misconception that a new car must mean that the rates of insurance are higher, Allstate actually provides insurance at extremely competitive and affordable rates for new cars as well.  
  • Multi-policy discount: Usually taking up many policies from the same company can entitle you to a significant amount of discount. Therefore if you and your entire family choose to offer insurance from a single provider, you can save a considerable amount of money.
  • Full payment discount: By paying you premium fully at the very start in the form of a lump sum payment you are actually reducing the liability on the insurance company. You can save almost 10% of the total amount with such a discount plan. 
  • EZ pay discount: You can set your insurance payments to automatic payments and if you do so you may be entitled to the easy pay discount. Almost 5% of the entire insurance cost can be saved if you opt for this discount.

 

Allstate does offer other types of discounts as well and the eligibility criteria may differ based on different circumstances. Therefore if you plan to opt for car insurance, it makes sense to talk to an insurance representative who can guide you as to which the best discount to opt for.

 

Liberty Mutual

Another famous insurance company that provides the cheapest car insurance in Florida and has many attractive discounts to its customers known as Liberty Mutual. Not only are the rates of interest that the company provides extremely competitive, but the discounts make it even more affordable for people to opt for. Some of the main discounts that Liberty Mutual provides are: 

  • Multi-Car discounts
  • Young Driver discounts
  • Teen Driver discounts
  • Discounts for safety features
  • Full or Lump sum payment discounts 
  • New vehicle discounts
  • Multi-policy discounts 

 

Conclusion

It is not possible to drive your car without insurance because insurance is a compulsory prerequisite to be able to drive your car legally and safely. Apart from being a legal requirement, insurance is extremely helpful for a variety of reasons. One of the primary reasons as to why insurance is extremely important is because it helps offset liability in case of an accident. Furthermore, if you face any impact or damage to your car, insurance also makes it easier to either replace the damaged components of your car or to repair it. 

 

There are a number of insurance providers in the market. It is important to choose the right insurance provider based on your preferences and based on the discounts that they offer. Certain discounts depending upon the eligibility can actually help save a considerable amount of money for the person seeking insurance. Ensure that you research your options properly and choose an insurance plan that offers good coverage and that is cost-effective. Hopefully, this guide is helpful for you if you are planning to get the cheapest car insurance in Florida.

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