According to the Insurance Research Council’s (IRC) report on car insurance affordability in Florida, the state’s high insurance costs are due to the following factors: More property damage: Florida has 10% more property damage liability claims per 100 vehicles than the nationwide average. Incre...
Best Large Insurance Carrier - State Farm. In almost every instance, State Farm provided the least expensive car insurance in the state. Cheapest Insurance with Bad Credit - Geico. Florida is one of the states that allows insurers to make your life worse by charging you more if you have bad...
Florida drivers who want to save money will find a match with Geico, which has the lowest rates we found in Florida. It also scored above average for customer satisfaction in J.D. Power's 2024 auto insurance survey, so you're not sacrificing service for cost. Standout benefits: Customers...
Remember, the cheapest Florida car insurance deal may not always be the best deal. Having customer service and easy to file claim service with a fast turn around can be just as important as price especially when you are in an accident. ...
That said, the states where the true cost of car insurance appears to be highest are those frequently slammed by natural disasters such as tornadoes and hurricanes. In Louisiana and Florida, for example, where severe weather events have become increasingly common over the past several ...
The cheapest car insurance companies in Florida Sunshine State drivers tend to have to budget more for auto insurance than drivers in many other states. The average cost of minimum coverage in Florida is $1,121 per year, while full coverage averages $4,143, 58 percent more than thenational...
The average cost of a full coverage car insurance policy in Melbourne is $2,327 per year. That’s $467 less than the Florida state average of $2,794. Car insurance rates in Melbourne are lower than the state average since the city isn’t as densely populated as other areas in Florida...
Florida10/20/10 Georgia25/50/25 *Based on min coverage policies for 2025 No-fault states Another factor that impacts auto insurance rates by state is how insurance payouts are handled after an accident. Some states are consideredno-fault states, while others are at-fault states, or tort stat...
Nationwide, drivers spent an average of 3.41% of their income on car insurance premiums. In some states, though, it was a lot more: Insurance at up 4.91% in Nevada, 5.01% in Michigan and 5.69% in Florida, Louisiana motorists with full coverage spent 6.53% of their paycheck on insurance,...
The average cost of car insurance in Florida is $241 per month for full coverage — the third-highest in the country, according to Insurify’s latest auto insurance report. This cost is largely a result of the high number of severe weather events the state sees, which drives up the prob...