In Florida, you must carry every driver and must have a minimum amount of car insurance; it is the law. If you are caught without a valid insurance policy, you will get into severe penalties that may include fines and jail time.
Florida is one of the no-fault states. A no-fault system means your insurer will pay your injury claims up to a specified limit, regardless of who caused the accident. Under a no-fault system, you lose some of your rights to sue for damages.
Contents
The minimum car insurance requirement in Florida is:
• $10,000 property damage liability
• $10,000 bodily injury per person per accident
• $10,000 personal injury protection
• $20,000 bodily injury for all persons per accident
Are additional coverages also required in Florida?
No, it isn’t required in Florida to carry additional coverage such as Collision and Comprehensive. However, it’s good to look at additional coverages when buying a policy; you may need coverage for your unique situation.
What is the average cost of car insurance in Florida?
Florida has a lot of busy roads and a high number of auto collisions, so it is customary to say car insurance in Florida isn’t cheap. According to the National Association of Insurance Commissioners (NAIC), Florida was the fourth most expensive state to buy car insurance in 2018. Compared to drivers in other states, Florida drivers tend to pay more for auto insurance. The average car insurance rate in Florida is $1,878 per year, but that doesn’t mean your budget is doomed; in fact, there are many ways to save money.
1. Age & Gender
2. Marital Status
3. Location
4. Parking Spot
5. Driving Record
6. Deductible
7. Vehicle Type
8. Mileage
9. Previous Claims
10. Credit Score
Car Insurance Companies in Florida
1. Allstate
https://www.allstate.com/
Allstate Insurance is an American-based insurance company founded in 1931. Its headquarters are located in Northfield Township, Illinois, near Northbrook. It has the most expensive policies among the presented companies; in fact, the average cost of a policy from Allstate is above the average insurance cost in Florida. However, J.D. Power Auto Insurance Study showed that Allstate has the highest customer satisfaction in Florida.
ADD-ON COVERAGE ALLSTATE OFFER
Full coverage Sound system insurance
Roadside coverage Rental reimbursement coverage
Medical payments
DISCOUNTS AVAILABLE
New car Multiple policy
Smart student Pay in full
Safe driving Early signing
2. GEICO
http://www.geico.com/
The Government Employees Insurance Company, known as GEICO, is an American auto insurance company, and its headquarters is in Chevy Chase, Maryland. GEICO was founded 85 years ago in 1936, and it is the second-largest auto insurer company in the United States, after State Farm. This company has excellent financial stability, an A++ (Superior financial strength rating). GEICO holds the honor of having the lowest car insurance premiums in Florida, and is also ranked second in the United States for customer and claims satisfaction.
ADD-ON COVERAGE GEICO OFFERS
• Uninsured/underinsured motorist
• Emergency road service
• Rental reimbursement
• Medical payments coverage
• Mechanical breakdown insurance
DISCOUNTS AVAILABLE
Good student Accident forgiveness
Military Federal employees
Driver’s education course Multi-vehicle
3. Progressive
http://www.progressive.com/
The Progressive Corporation is an American insurance company founded on March 10, 1937; about 84 of service. It is headquartered in Mayfield Village, Ohio, USA. Progressive insurance offers good policies with average costs; it provides a combination of unique programs and discounts that can get you the most affordable policy. Its unique programs are:
• This program has the Name Your Price Tool, where you share the amount of money you can spend on insurance, and it tells you what policies you can purchase.
• It also has the Snapshot program, an easy-to-use app on your phone that tracks your driving habits. If you are a good driver, you could gain different discounts on your policy that save you a lot of money.
ADD-ON COVERAGE PROGRASSIVE OFFER
Gap insurance Rideshare
Custom parts and equipment Pet coverage
Deductible savings bank Roadside assistance
DISCOUNTS AVAILABLE
Snapshot Accident forgiveness
Continuous insurance Homeowner
Paperless Multi-policy
4. State Farm
http://www.statefarm.com/
State Farm is the auto insurance provider in the United States with 99 years of A++ (financial strength rating) service. It was founded in 1922, and its headquarters is located in Bloomington, Illinois. After GEICO State Farm has the cheapest rates and is the best choice for students, State Farm has a program for drivers under 25 called Steer Clear; the program includes courses, mentoring, and practice driving hours to help students who drive discounts on their premiums.
ADD-ON COVERAGE STATE FARM OFFER
Teen drivers Collision
Comprehensive Rideshare
Rental reimbursement
DISCOUNTS AVAILABLE
Safe driver, Good student
Accident-free Multiple auto
Defensive driving course Multi-line
