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florida insurance : The Most Popular Car Insurance in Florida january in 2024

Since there are about 20 million registered cars in Florida, all drivers must have car insurance. This piece will tell you about the best Florida car insurance companies.

Written by Thelearnvine

There are so many car insurance choices in Florida that it can be hard to pick the right one. Since there are about 20 million registered cars in Florida, all drivers must have car insurance. This piece will tell you about the best Florida car insurance companies, what kinds of coverage you need, and how to get the cheapest prices.
 

What do you need to get car insurance in Florida?

Because Florida is a "at-fault" state, if you are found to be at fault for an accident, your insurance company will pay for the damage. Some of the strictest rules about car insurance in the country are in Florida:
 

  • Personal Injury Protection (PIP) worth $10,000 to pay for hospital bills Property Damage Liability (PDL) of $10,000 if you damage someone else's property.
  • When you cause an accident and hurt someone, you are responsible for $10,000 in Bodily Injury Liability (BIL) per person. 
  • If you hurt more than one person, you are responsible for $20,000 in BIL per accident. 
  • If you are hit by a driver who doesn't have insurance, you are responsible for $20,000 in Uninsured Motorist Bodily Injury per accident.

Florida also needs drivers to carry proof of insurance in their vehicle at all times. Acceptable proof includes an insurance card, policy statement page, or mobile app that shows current coverage.

How Much is Car Insurance in Florida?

Car insurance rates in Florida are on the higher side compared to other states, with an average annual cost of $2,239 according to 2021 statistics. Rates range greatly based on your location, driving experience, age, vehicle, and other things. Generally, rates will be higher in urban places like Miami and Tampa.
Here are some average yearly Florida car insurance rates by business for a single adult driver with excellent credit and clean driving record:

• Geico: $1,759
• Progressive: $2,043 • State Farm: $2,280 • Allstate: $2,893
• USAA: $1,949 (for service people)
Getting Florida auto insurance quotes from multiple companies is the best way to find the lowest price tailored to your unique situation.


The Best Five Car Insurance Companies in Florida

While every insurer uses its own formula to find out rates, these companies manage to offer reasonable prices and excellent service to Florida drivers:

1. State Farm
 • Largest car insurer in Florida with 18.5% market hold
• Wide range of deals like safe driver, smart student, defensive driving classes
• Powerful financial backing with A++ (Superior) financial health rating from AM Best

2. Progressive
• Second biggest insurer in Florida with 10.4% market share
 • Name Your Price® tool gets competitive quotes even for high-risk drivers
 • Lots of choices for coverage beyond state minimums

3. Geico
 • Third biggest Florida auto insurer with 8.9% market share
 • Usage-based program tracks driving habits through mobile app for possible discounts
• Numerous saving possibilities including multi-policy, theft prevention, and anti-lock brakes

4. Allstate
• Popular national insurer with 6.5% market share in Florida
• Offers accident forgiveness to escape rate increase at first at-fault accident
 • Drivewise system tracks driving for possible deductions

5. USAA

• Only available for service members and their families • Consistently low overall rates with best-in-class customer happiness
• Easy online quotes, insurance control, and claims handling
While these main insurers are a best starting point, make sure to check quotes across several companies to find the most affordable rate.


What Florida Car Insurance Coverage is Mandatory vs Suggested

Medical fees covers Beyond the state minimum insurance for liability needed in Florida, you may want to consider including these recommended coverage choices for better protection:

Comprehensive and accident insurance
Comprehensive and accident insurance covers damage to your own car from incidents like theft, vandalism, animal crashes, fire, and weather events. It also covers accidents when you are at blame. This coverage is needed if you have a car loan or lease.

Uninsured/underinsured motorist physical injury
Uninsured/underinsured motorist physical injury protects you if you are hit by a driver who doesn’t have proper insurance. Florida has high minimum UM coverage standards but increasing this can be helpful.

Medical payments covers
Medical payments covers rehabilitation, funeral costs, and medical bills after an accident, regardless of blame. This extra coverage is recommended to fill holes if you don’t have sufficient health insurance.

Rental payment
Rental reimbursement covers rental car costs while your vehicle is fixed after a covered accident. Rental coverage is important in Florida where having transportation is essential.

Roadside assistance
Roadside support can be added to cover towing, tire changes, jump-starts, lock-out service, and other emergency help. This is highly suggested in a state where you may break down far from home.

GAP insurance
GAP insurance covers the variance between what your vehicle is worth and what you still owe on your car loan if your car is wrecked. This stops you from still owing on a car you no longer have.



How to Get the Minimum Car Insurance Rates in Florida

Here are some key tips to lower your car insurance rates in Florida:

• Compare quotes from at least 5-10 different insurance companies to find the shortest rate. Rates can change greatly so shopping around is vital.
• Keep good credit since insurers use credit-based insurance scores to set rates. Maintain credit utilization minimal and make payments on time.
• Ask about savings such as safe driver, low miles, multi-policy, paid-in-full, and more. Every company gives various discounts so ask about what’s offered.
• Raise deductibles for accident and comprehensive which will lower your rates at the expense of higher out-of-pocket costs if you make a claim.
• Limit coverage on older cars that may not need full coverage. Removing comprehensive and accident can save greatly if the car isn’t worth much.
• Take a defensive driving school which is recommended by many insurance for a discount. Refresh your skills and lower your fee.
• Ask about usage-based programs where your driving habits are tracked to provide personalized discounts based on how safely you drive.
• Avoid breaks in coverage as this can lead to higher rates when starting a new insurance. Maintain ongoing vehicle coverage even if your car is in storage.
• Drop optional coverages you may not need such as rental refund or roadside help if trying to cut costs. But keep necessary and suggested coverage.
• Increase deductibles if you want to lower your rate but keep high coverage limits. This lowers premiums at the expense of more money out of pocket when making a claim.
• Check rates frequently at least once or twice a year. As new insurers join the Florida industry or your own risk profile changes, there may be cheaper choices.

 

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