Full coverage car insurance in Florida will cost an average of $2,364 per year, one of the most expensive in the nation, which has an average of $1,738. The state-required minimum liability insurance averages $1,101 – very expensive for a state that tried to make it’s car insurance cheaper by becoming a no-fault state. The national average for the basic liability insurance is a meager $480 in comparison.
What Is the Average Premium in Florida for Cheap Full Coverage Car Insurance in FL?
On average, you can expect to pay $197 per month for full coverage car insurance in Florida. This is significantly more expensive than the national average cost of $144. This relatively high cost makes it especially important for you to shop around to get different quotes.
Full coverage car insurance consists of type of car insurance that includes liability, collision car insurance and comprehensive auto insurance. If your car is financed, you will be required by your lender to carry full coverage. Additionally, many drivers choose to carry full coverage since there is not much protection under Florida’s minimum liability requirements.
How Much Is It for Cheap Liability Insurance or the Minimum Required Car Insurance in Florida?
For this cheapest car insurance in Florida, the cost on average is $92 per month, fairly high compared to the national average of $40 per month. And that cheap car insurance rate is reserved for drivers who have a stellar driving record, drive a fairly inexpensive and safe car and fall into the “mature and responsible” age range of roughly late 30s to 60s. In addition, to find even cheaper quotes for Florida car insurance, many drivers find out if they qualify for car insurance discounts.
Long story short? By getting quotes from multiple carriers, you can get more than the minimum liability coverage in Florida at a very competitive price. Many drivers find out each year that the “minimum” is not truly enough coverage once they are involved in an accident.
How Do Rates Compare Across Major Cities in Florida?
Those who first move to Florida are often taken aback by the diversity of the cities. These range from small beach communities in cities like Destin to major metropolitan areas such as Jacksonville, Miami and Tampa. By comparing the average monthly cost of insurance across major cities throughout the state, you can get a better idea of how much you may end up paying in different places.
Unless otherwise specified, we use the following methodology to arrive at our average cost: male, age 30, lowest possible legal coverage allowed by state. Your rates will be determined by several factors, including your age, your gender and the amount of coverage you want to purchase.