The Best Car Insurance Companies in Florida (February 2023)

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  • The Best Car Insurance Companies in Florida (February 2023)

Whether you’re a new driver, just moved to sunny Florida, or looking to switch auto insurance carriers, you will want to know the best auto insurance in Florida and who has it for less.

The best Florida auto insurance will vary from person to person, depending on what each policyholder values in their auto insurance policy and based on facts about each policyholder. For example, someone who values the cheapest auto insurance policy may choose a different insurer than someone who values a wide selection of options for additional coverage.

Keep reading to discover the best insurance companies in Florida, the best car insurance policies in Florida, and how to choose the best policy for you.

Best Car Insurance in Florida

The best car insurance in Florida will vary from person to person but will generally be a full coverage policy with an insurer who offers low base rates and discounts. Premiums are calculated based on various facets of the policyholder, such as age, gender, driving history, car type, and several other factors

It’s important to note that the best insurance rates in Florida will vary based on the abovementioned factors and some facts about the policyholder as a driver. Generally, middle aged-men with a clean driving record will see the lowest premiums, and teenage boys will see the highest premiums. This is computed based on statistics collected by insurance agencies on what group or groups of people are more statistically likely to get into car accidents.

The best car insurance for you is also heavily dependent on your needs. In Florida, it’s the law to carry at least $10,000 of property damage liability (PDL) and personal injury protection (PIP). Beyond that, it’s up to the policyholder to decide what kind of coverage works best for their needs. 

If you value low premiums over robust coverage, the best car insurance policy for you will probably be the legal state minimum amount of coverage. If you value full coverage over cost, the best policy for you will probably be a full coverage policy that includes higher limits of Florida’s minimum required coverages plus uninsured motorist coverage (UM), bodily injury liability, comprehensive coverage, collision coverage, and medical payments coverage, or MedPay.

Most Popular Auto Insurance in Florida

The most popular auto insurance in Florida is a full coverage policy with Geico. Geico is popular among Floridians for various reasons, such as their excellent customer service, low base rates, and multiple discounts to lower your premiums.

In Florida, the annual premium for the average full coverage car insurance policy costs about $2,700. This is nearly 40% higher than the national average of $1,700. Geico’s average annual full coverage policy costs about $1,900 in premiums, which is about 30% lower than the average full coverage car insurance premium in Florida. 

While a full coverage policy is objectively the best policy, some coverages on a full coverage policy may be unnecessary. You can always lower your coverage amounts to keep the premiums low on your full coverage policy. Another way to get the best insurance rates in Florida is to select the right insurance company for your needs.

Best Auto Insurance Companies in Florida

The best car insurance for you will depend on a few things about you and what you look for in an insurer. The company with the best rates may not have the best coverage, and the company with the best customer service may not have the best minimum coverage. Similarly, the best auto insurance company for young people may not be the best for elderly people, and the best company for a driver with a bad driving record may not be the best for someone with a new car. 

You must consider several things about you and what you look for in an insurer before searching for the best auto insurance companies in Florida.

A few companies stand out overall because they have great rates for most drivers or offer great coverage options with many discounts. Let’s look at some of the top car insurance companies in Florida. 

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A List of Car Insurance Companies in Florida

Since Florida auto insurance is generally pretty expensive, we’ve ranked the top car insurance companies in Florida based on their base prices and available discounts. While the best coverage may not always be the cheapest policy, you can always take some measures to lower your premiums without sacrificing your coverage.

Allstate

Allstate is one of our top picks for Florida auto insurance because they have a great reputation for customer service, have many discounts available, and have relatively low base rates for annual auto insurance premiums in Florida, compared to the state’s average of $2,700 for a full coverage policy. Allstate’s average full coverage policy costs about $3,200. 

While their average full coverage policy is more expensive than the state’s average, what they lack in cost, they make up for in available discounts. Allstate offers discounts for those who enroll in their safe driving program and practice safe driving habits on the road. Allstate also has a program for drivers who infrequently drive where they can pay per mile driven and see a dramatic reduction in their premiums.

Allstate also offers discounts for bundling policies like home and auto, students who receive good grades, and those who drive new cars.

Progressive

Progressive ranks high on our list because they offer low base rates and have a variety of unique discounts and programs in which policyholders can enroll to receive reimbursements or discounts on their premiums. The average annual premium for a full coverage policy in Florida with Progressive costs about $2,900, which is just $200 over Florida’s average annual cost of a full coverage premium, $2,700.

Progressive offers a unique program in which policyholders can enroll and receive a credit that can go toward their premiums each time they go accident-free for six months. Progressive also offers a telematics program in which policyholders can enroll to get a discount on their premiums for making safe driving choices

Progressive also offers standard car insurance discounts, like a good student discount, bundling discount, and a discount for having multiple cars on one policy.

Travelers

Travelers makes our list of top insurance companies in Florida because they offer low base rates for both full and minimal coverage policies and have many discount options. The average full coverage policy with Travelers costs about $2,200 annually in Florida, which is about 20% lower than the state’s average annual full coverage policy, costing about $2,700.

Travelers offers a variety of great discounts for which many policyholders may be eligible, such as a good student discount, bundling discount, and a hybrid/electric car discount.

State Farm

State Farm is just shy of our top pick for best insurance rates in Florida, but it’s still an excellent option. State Farm is a well-established auto insurance agency with a great reputation for offering great coverage at a low cost. The average full coverage premium in Florida with State Farm costs about $2,000 annually, nearly 30% lower than Florida’s average full coverage premium, costing about $2,700 annually.

State Farm also offers a variety of discounts, for which many policyholders will find themselves eligible. State farm has a telematics program in which policyholders may enroll and see discounts on their premiums if they practice safe driving habits. State Farm also offers discounts for drivers with anti-theft systems on their vehicles, good students, and those who bundle multiple insurance policies.

The Best Auto Insurance Company in Florida

The best auto insurance company in Florida is Geico, whose average full coverage premium costs about $1,900 annually, or 30% less than the state’s average full coverage premium. On top of their low base rates for full coverage auto insurance policies, Geico offers great customer service and a wide variety of discounts.

Geico offers discounts for drivers who practice safe driving habits and are accident-free, military and federal employees, those who have held a policy with them for a long time, and much more. 

The Best Auto Insurance Quotes in Florida

If you’re interested in getting the best quotes for these Florida auto insurance companies and many more, you’ve come to the right place. The best way to find the best auto insurance policy for you is to shop around online to get and compare quotes from several insurance carriers, so you know exactly what is available. 

You can start your quoting journey by getting a quote here at Clovered with our free quoting tool. Or, if you’d prefer to chat with someone about the best insurance rates in Florida, you can call us at 833-255-4117 or email us at agent@clovered.com.

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The editorial content on Clovered’s website is meant to be informational material and should not be considered legal advice.