Married couples also will usually have more than one vehicle and could possibly have some teen drivers on the policy as well. Average car insurance in Florida per month. In Florida, the typical teen driver between the age of 16 and 19 will pay $408.94 per month while a driver in their 40s will pay an average of $205.67 per month. All Rights Reserved. The car costs money each month in auto insurance and gasoline. Although not usually a significant factor, your education can effect your monthly rate for auto insurance. The average cost of car insurance is $147 a month, or $1,758 per year, for a full coverage policy. Read more about how credit affects car insurance expenditures: Finding affordable car insurance with bad credit is difficult. Teenage drivers cost the most to insure at up to $5,358 a year. Buying just liability costs as little as $438 a year, and insurance for high-risk drivers costs around $3,172. Car insurance companies see drivers with a bad driving history has being a bigger risk. If you're shopping for car insurance for a teen driver, Florida is the 20th least expensive state in which to buy auto insurance for a 16-year-old. Car insurance isn’t cheap, but most states do require drivers to carry a minimum amount of coverage. Liability only coverage is typically cheaper and covers the cost of damage you may cause to other people or vehicles. Below is a breakdown of how much drivers in Florida pay for coverage based on different factors. This includes analyzing thousands of rates from all 50 states that were publicly sourced from 2019 insurer filings. In Florida, car insurance runs $5,984 per year for a 16-year-old driver and only $1,641 yearly for a driver aged from 50 to 60. In Florida, drivers with excellent credit pay an average of $179.35 per month compared to drivers with poor credit who typically will pay $256.69 per month. For a Bronze plan, it’s $303.Want a Silver plan? In Florida, the price gap between liability-only coverage and comprehensive coverage with a $500 deductible is $690. Let’s look just at dwelling coverage of $200,000 as an example, outlined below. We conducted a comprehensive study of car insurance rates in Florida through Quadrant Information Services. In a 2012 study, Florida had average monthly premiums of $88.50. If you're facing above-average car insurance costs, consider weighing your options to find affordable coverage that fits your budget. Liability-only coverage typically costs less, while low-deductible comprehensive coverage costs more. The average car insurance rate in Florida is $1,878 per year — 31.6% more than the US average. The average insurance rates for a Chevrolet Camaro are $1,472 a year with full coverage. Your age, location, and vehicle are all part of the equation. The average cost of a car insurance policy is $937 per year, or $78 per month for a policy that meets the minimum requirements of each state. In Florida, a driver with a High School Diploma will typically pay $216.84 per month vs. someone with a Bachelors Degree who will be charged around $191.63 per month. Best Car Insurance Rates in Florida | QuoteWizard, Florida: $1,840: 6: DC: $1,696: 7: The high cost of car insurance pushes many drivers out of the Find out how much the average car insurance premium costs in. Auto insurance underwriters use credit history to predict a potential customer's reliability. They can also plug in their information and find a list of prices and insurers. In Florida, the length of your commute matters little to insurance companies; the average rates in our study for 6,000 miles per year or 12,000 per year (which is closer to the national average of about 13,000 miles) have a difference of less than $100. As you’ll see in the chart above, the cheapest Florida home insurance rates are those with the highest deductible amount and lowest liability limit. Insurance companies also take your credit score into consideration. While gender doesn’t have as sizable an effect on auto insurance costs as a driver's location or age, it is utilized as a rating factor by car insurance companies. But auto insurance prices are dictated by factors other than state lines. No junk mail. Our reference driver had a clean record and chose to purchase collision and comprehensive coverage with a $500 deductible. Florida has an average annual insurance cost of $2,178 per year. It allows them to compare insurance companies and the average premiums for each. If you are paying too much for your auto insurance, don't hesitate to shop around. Need to see your primary care physician? The average price in Orlando is $112, $113 in Tampa. That’s $33 more than the national monthly average rate of $147. Average car insurance rates range from $1,424 per year for drivers who are 65 years old to a high of $7,001 per year for drivers who are 16 years old. Expect to pay around $96 in Miami, according to Castlight Health. But the price of your policy will be unique to your situation. Every state has its own car insurance laws, and that's one reason why car … The amount you pay for car insurance per month depends on several factors. The average monthly premium for a catastrophic plan in Florida is $249. The average car insurance rate in Florida is $1,823 a year. Even though Florida's minimum insurance requirements are low—in fact, the lowest in the country—other factors make Florida one of the most expensive states for car insurance in the U.S. But auto insurance prices are dictated by factors other than state lines. Learn More → Shopping for a new vehicle requires a birds-eye view of the true cost of vehicle ownership. Average car insurance cost in Florida. Many factors go into the rate you pay for car insurance. The national average cost of car insurance is $1,427 per year, according to NerdWallet’s 2020 rate analysis. Review our guide to getting car insurance with poor credit and start saving! That’s the short answer. More often than not, drivers who currently have car insurance coverage will receive a cheaper monthly rate than drivers who do not. Drivers with a bad driving history that may include tickets, DUI, or accidents will typically pay $216.36 per month. He owns a 2012 Honda Accord and drives it an average of 15,000 miles a year. Compare rates to find savings and learn how much car insurance costs for you These companies offered drivers coverage at an average annual cost of $529, a savings of $569 annually. His car insurance policy has 100/300/50 coverage limits and a $1,000 deductible. Car insurance rates: We used insurance rates from Quadrant Information Services. As a licensed insurance agent, Ross is responsible for researching and writing about all matters related to auto and home insurance. What Coverage for Car Insurance Is Required for Florida? Single Female. High density … If you're worried you aren't getting the best possible value for your money with your current auto insurance company, the best course of action is to compare rates and shop around. These include your driving record, credit history, and coverage limits, as well as your insurer. You never know when you'll find a great deal! SmartFinancial / Auto Insurance / Florida Auto Insurance / Average Rates. Auto insurance premiums consider a number of components, including your driving record, credit history, gender, age, and marital status. A DUI — considered one of the most grievous driving offenses — will raise your insurance rates in Florida by an average of $861. In Florida, a driver who maintains exceptional credit saves $1,889 per year in car insurance premiums, compared with a driver who has a poor credit rating. Our average car insurance rates tool above lets you compare auto insurance rates by ZIP code. Roughly 20%of a car insurance premium in Florida goes to PIP coverage. The profile with lower annual mileage has an average study rate of $1,825, while the higher-mileage profile has a study rate of $1,905. He has been quoted by CNET, iDriveSafely.com, and Kin Insurance. The average car insurance rate for state minimum coverage is $69 a month, or $828 a year. Many factors go into the rate you pay for car insurance. If you're facing above-average auto insurance costs, it's worth comparing options to discover reasonably priced coverage that suits you. If you are wondering how much car insurance is in Florida, the short answer is: slightly more than the national average. Generally speaking, car insurance is more costly for teenage drivers, as insurers see inexperienced motorists as less responsible. Privacy Policy. The statistics listed on this page are from our own in house reporting. The rates and averages shown on this page should only be used as an estimate. Auto insurance for divorced drivers in Florida is the fifth most expensive in the country. To learn more about insurance requirements in Florida, check out Florida Car Insurance. The three most expensive states for auto insurance are Louisiana, Michigan and Florida, with average car insurance prices ranging from $1,596 … Car insurance rates in Florida average around $1,800-$2,000 per year ($150-$167 per month), as of 2019. Florida Average Annual Car Insurance Rates; Coverage Rates; Liability: $857.64: Collision: $282.96: Comprehensive: $116.53: Total Cost Per Year: $1,185.25: Price Per Month: $98.77: Source: Facts + Statistics: Auto insurance: The graph below shows the change in Florida's insurance rates from 2011 to 2015, the most recent year the data is available. The collected quotes were for a single, 35-year-old male. A benefit of entering wedlock — aside from the honeymoon — is the price cut you typically receive on your auto insurance. The average cost of full coverage auto insurance in Florida is $3,125 per year, or $260 monthly, though rates vary substantially by location, age and other elements of your driver profile. Insurance companies also take your credit score into consideration. The Lone Star state moved up from the 10 th spot last year to finish fourth. Compare car insurance rates by ZIP code to save money on the cost of car insurance. This is a better deal than the national savings of $76. SmartFinancial Insurance is a digital insurance comparison engine, providing real-time rates and insurance services in all 50 states through its relationships with carrier and agency partners. The average premium came in at $2,050 or 35% higher than the national average. For young drivers who wish to go with minimum coverage car insurance required in Florida, here are the cheapest companies and their average rates: … Jacksonville residents pay an average of $136.According to the National Conference of State Legislatures, health insurance premiums rose by 7% between 2014 and 2015. To calculate the car insurance average cost, we requested a quote from all the major US companies for a 21-year-old, 40-year-old, and 70-year-old driver. Since car insurance is a requirement in all 50 states, companies may question why you don't currently have coverage. Florida . In Florida, wedded motorists save $81 annually on auto insurance policies. $100K/$300K/$100K Bodily Injury/Property Damage — Liability Only, $100K/$300K/$100K Bodily Injury/Property Damage — $1,000 Comprehensive/Collision, $100K/$300K/$100K Bodily Injury/Property Damage — $500 Comprehensive/Collision, $50K/$100K/$50K Bodily Injury/Property Damage — Liability Only, $50K/$100K/$50K Bodily Injury/Property Damage — $1,000 Comprehensive/Collision, $50K/$100K/$50K Bodily Injury/Property Damage — $500 Comprehensive/Collision, State Minimum — $1,000 Comprehensive/Collision, State Minimum — $500 Comprehensive/Collision, Average Cost of Auto Insurance in Florida. It’s a fact of life: as you age, your auto insurance premiums change. Married couples in Florida typically pay more for their car insurance than drivers who are single. Get Quotes in Florida in less than 3 minutes. Car insurance rates vary so much by age group because some groups are statistically more risky to insure than others, due to a higher likelihood of accidents and expensive claims. In Florida, Married couple typically pay around $228.08 per month while single drivers average in around $216.32 per month. Drivers in Florida with a good driving history usually pay around $219.05 per month. The average cost of car insurance in Florida is $180 a month ($2,162 a year) for a driver age 30 for full coverage. In addition, you have quarterly and yearly costs for maintenance and property taxes. This study done reveals the expensive cost of auto insurance in Florida. Your cost may be higher, lower or somewhere right around that average. In (State) the average rate for liability only coverage is around $134.21 per month compared to Full coverage which will cost you about $227.67 per month. Because of this, they may see you as a higher risk driver. Car insurance companies will also look at your education level. The only states that were more expensive than Florida were Washington D.C. with a $98.50 monthly average, Louisiana with a $89.67 monthly average, New Jersey with a $98.67 monthly average, and New York … In Florida, your first minor at-fault accident costs $598 each year in auto insurance payments. He has a background in writing and education, as well as a master's degree from Royal Holloway, University of London. As is the case in any other state in the U.S., though, your exact premium will be calculated according to many different factors. How much is insurance in the Sunshine State? Auto insurance is expensive in Florida. Floridians who want to find insurance rates for their counties can use online tools such as the Florida Office of Insurance Regulation's CHOICES. No spam calls. The following annual car insurance average premium calculations are for polices that cover Florida’s minimum requirements, and are based on the Florida Office of Insurance Regulation’s CHOICES: Auto Rate Comparison Tool. Auto insurance is expensive in Florida. Typically car insurance companies will charge more for younger drivers and provide discounted rates for older drivers. Free quotes. Average cost of car insurance in Florida by city. In Florida, the average monthly rate for a driver who is currently insured is $218.15 while drivers who not currently covered will pay around $221.31. All rights reserved. We conducted our research in multiple states, like California, Florida, New York, New Jersey, and many others. The more violations you accumulate, the more expensive your car insurance becomes. The average cost of full coverage car insurance in Florida is $2,587, while the average cost for state minimum liability coverage is $948. Drivers with a good driving history typically will pay less for auto insurance than someone that had a DUI, speeding tickets, or an accident. The average cost of car insurance in Florida is much higher than. Florida is among the nation's most expensive places to get auto insurance. All Rights Reserved. Finding average commercial vehicle insurance rates is not an easy task because there are so many variables affecting the cost of coverage. Average Car Insurance Rates in Florida by Credit Score . The amount you pay each month for auto insurance depends on the level of coverage you carry. The average annual cost of car insurance in the United States is $1,416, according to the data in our study. He has an excellent credit score and a clean driving record. #4 Texas: High density, high speeds and they love to drink and drive. Your age, location, and vehicle are all part of the equation. Auto insurance premiums consider a number of components, including your driving record, credit history, gender, age, and marital status. See below how much car insurance costs in your state — or enter your ZIP code to receive personalized quotes from leading companies. The Zebra doesn't support your browser version, so please give us a call or upgrade your browser to the latest version. Use of Insurance Zebra Insurance Services (DBA TheZebra.com) is subject to our Terms of Service.Copyright © 2020 Insurance Zebra. Let’s take a closer look at the average Florida homeowners insurance rates by coverage level. The long answer is that the average cost depends on a variety of key factors, many of which we’ve outlined in the sections below. Companies Offer Cheap Car Insurance in Florida. Insurance companies will also take homeownership into account when factoring the rate you pay for insurance. Use of Insurance Zebra Insurance Services (DBA TheZebra.com) is subject to our Terms of Service, Privacy Policy and Licenses. Texas is a hodge podge of reasons when it comes to high insurance rates. Expect to pay around the average of $369. When shopping for cheap car insurance in Florida, ValuePenguin says look at Florida Farm Bureau, GEICO, Travelers, and State Farm. Florida has the highest average car insurance in the U.S. See the state's rates, trends, and learn how to save. South Carolina. But we're here to provide some help. © 2020 Insurance Zebra. Just under a quarter of South Carolina's residents will see their car insurance rates … View Licenses. Insurance carriers see young drivers as inexperienced and have a greater risk of getting in accident. Full Coverage premiums assumed a $500 collision and comprehensive deductible, and we looked at those who had … Full coverage includes comprehensive and collision insurance, possibly PIP and UM/UMPD, which would cover you, your vehicle and passengers if you had an accident, regardless of fault. We analyzed average Florida car insurance prices by each of the primary pricing factors. There are many factors that go into calculating the rate you pay for car insurance. This likely due to the simple fact that there is more than 1 driver on the policy. Trended data show drivers who hold exceptional credit are often more dependable car insurance customers: they less commonly file claims for which insurance companies pay. We track and record quotes that carriers have provided based on various criteria. Rates are based on a 30-year-old male or female that had a clean driving record. With a population of over 21 million, Florida is the 3th most populated state in the country and features over 274,000 miles of road. Comprehensive costs an estimated $348 each year, collision insurance costs $594, and liability coverage costs $372. If you are discovered to be at fault in a car accident or convicted of a vehicular offense, your car insurance premiums are bound to climb. In Florida, drivers who own their home will usually pay around $215.41 per month while drivers who rent usually average in around $220.94. Insurance rates in Florida are high because of a variety of factors. While you may find online insurance websites that provide quotes for your commercial car, bus, taxi or truck, the details of the coverage are often hidden from view. You pay money for the car -- monthly if you finance the vehicle. The average car insurance rate in Florida is $1,878 per year — 31.6% more than the US average. © 2020 Smartfinancial.com Ins LLC DBA SmartFinancial Insurance. 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