the-best-car-insurance-companies-in-florida

The seek for the finest automobile insurance coverage firm entails digging into such elements as worth, protection choices and buyer satisfaction. And issues get extra sophisticated when you’re selecting auto insurance coverage in Florida. That stated, we break down how one can select insurance coverage you’ll afford whereas feeling comfy together with your selection in auto insurance coverage service.

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Florida has a few of the highest automobile insurance coverage charges within the nation resulting from elements like its climate, its no-fault insurance coverage regulation and the excessive price of uninsured drivers. In reality, the Insurance Information Institute reviews that Florida had the sixth highest in uninsured drivers in 2019 at 20.4%, the yr with the newest knowledge.

That stated, you’ll be able to nonetheless discover an insurance coverage firm in Florida that gives wonderful protection inside your finances. We took a have a look at the most effective insurance coverage carriers that serve Florida and picked our 5 favourite ones, together with the most effective general auto insurance coverage firm in Florida. (Spoiler alert: It’s Geico.)

The elements that affect how a lot automobile insurance coverage firms will cost you embody your age, marital standing, driving historical past and even ZIP code. Each insurer weighs these elements otherwise. The finest technique for locating low cost automobile insurance coverage in Florida will at all times be to match quotes. Just ensure the quotes you get are comparable in protection, and naturally, take a look at our opinions under.

Methodology

When evaluating Florida auto insurance coverage firms, we used our SimpleRating Methodology to contemplate elements comparable to reductions, protection, help, buyer satisfaction and accessibility.

We additionally checked out authoritative reviewers and gatherers of auto insurance coverage statistics comparable to J.D. Power, Bankrate, Insurance Information Institute and Consumer Reports. Bottom line: We’ve labored to provide the finest recommendation about automobile insurance coverage in Florida.

The finest automobile insurance coverage firms in Florida

These insurers had been ranked on the prime of J.D. Power’s 2020 U.S. Auto Insurance Study within the Florida area. J.D. Power is a world chief in customer support surveys. These insurance coverage suppliers even have wonderful marks on our personal SimpleRating and have gained the discover of Consumer Reports and the Insurance Information Institute.

  • Geico — Best general for Florida auto insurance coverage
  • State Farm — Best for Florida auto insurance coverage claims customer support
  • Allstate — Best general for Florida auto insurance coverage customer support 
  • Progressive — Best for Florida auto insurance coverage protection choices
  • Liberty Mutual — Best for Florida auto insurance coverage reductions

Best general for Florida automobile insurance coverage – GEICO

When in comparison with different Florida auto insurance coverage suppliers, Geico acquired prime marks each from J.D. Power and Consumer Reports. Why? This service’s scores for claims and non-claims service had been wonderful. In reality, Geico is our favourite all-round Florida auto insurance coverage service.

Among the auto insurance coverage carriers we monitor, Geico’s premiums had been among the many lowest for common minimal protection, at $433 (per Bankrate’s 2020 knowledge), which is definitely additionally one of many lowest among the many Florida suppliers we like finest.

In addition to rating among the many finest with J.D. Power for auto insurance coverage firms in Florida (846 out of a rating of 1,000) in 2020, we discovered that Geico was one of many largest auto insurance coverage suppliers in 2019, in accordance with the Insurance Information Institute, with nearly 14% market share. We discovered that protection choices had been sturdy, with 11, and reductions had been fairly plentiful, with 16.

Best for Florida automobile insurance coverage claims customer support – State Farm

We take into account State Farm to be the most effective in claims service satisfaction, an assertion backed up by its robust rankings with Consumer Reports.

SimpleRating

4.6 / 5.0

SimpleRating State Farm 4.6

State Farm’s extensive attain is usually a main attraction for some, with greater than 19,000 unbiased brokers and over 16% of the market share amongst auto insurance coverage direct premiums written. This ensures that such advantages because the variety of protection choices (we counted 13) is at your fingertips.

Over at Consumer Reports, we discovered that State Farm will get a 4 out of 5 for each claims and non-claims service satisfaction, though the corporate doesn’t rank as effectively for premiums and coverage evaluate satisfaction.

Best general for Florida automobile insurance coverage customer support – Allstate

When in comparison with different Florida auto insurance coverage carriers for general buyer satisfaction, Allstate landed on prime, with a J.D. Power rating of 851 out of 1,000.

Allstate is a stable supplier of automobile insurance coverage, with good protection choices, buyer help and accessibility. This service affords two apps: QuickTrip, which offers help for routing every day journeys and upkeep reminders, in addition to Allstate Mobile, which can be utilized for submitting claims and different duties.

This service shouldn’t be a favourite for premium costs: Consumer Reports solely offers Allstate a 1 out of 5 in that class, though the corporate ranks effectively with claims satisfaction, with 4 out of 5.

Best for Florida automobile insurance coverage protection choices – Progressive

Progressive is the most effective in protection choices in our estimation, when in comparison with different Florida insurance coverage suppliers, with 13 at our rely.

SimpleRating

4.2 / 5.0

SimpleRating Progressive 4.2

When it involves claims satisfaction, Progressive performs effectively, says Consumer Reports, with a 4 out of doable 5. The Progressive app can also be sturdy, with the flexibility to get roadside help, file a declare and extra.

Progressive is center to prime of the pack in premium prices for Florida auto insurance coverage. Bankrate discovered that common minimal protection was $1,356, close to the highest of the suppliers we observe, whereas full protection was center of the pack at $2,573. That stated, Progressive has particular benefits as a big, established insurer.

Best for Florida automobile insurance coverage reductions – Liberty Mutual

Of the Florida auto insurers we in contrast, Liberty Mutual received out with its insurance coverage reductions (we counted 17). Options embody such reductions as rewarding you for driving a hybrid or electrical car and even in the event you get a quote from this firm earlier than your coverage runs out.

SimpleRating

4.8 / 5.0

SimpleRating Liberty Mutual 4.8

Liberty Mutual can also be one among our strongest in protection choices, with 18 counted. One good function is you could have the choice for authentic producer substitute components, which implies that in case you have a Toyota Camry, you will get components made by Toyota, not an after-market producer.

Consumer Reports discovered that Liberty Mutual didn’t benefit from the satisfaction in premium costs that you just would possibly hope for, however satisfaction in claims processing was robust with 4 out of 5.

[ Read: Steps to Switch Car Insurance Companies ]

Choosing your Florida automobile insurance coverage supplier

One of the primary choices you’ll need to make when signing up for automobile insurance coverage is whether or not to decide on a neighborhood or nationwide service. Both include benefits and drawbacks.

Local service

Pros 

  • A private relationship together with your agent.
  • Services which can be particular to your location.

Cons 

  • Fewer reductions.
  • Fewer digital instruments.
  • Slower claims course of.

National service

Pros

  • More reductions.
  • Faster claims course of.
  • More cash to put money into digital instruments.

Cons 

  • May not have a person agent.
  • Less of a private contact.

Florida’s minimal insurance coverage necessities

Florida’s minimal insurance coverage necessities are the bottom within the U.S., with 10/20/10 in bodily harm legal responsibility and property injury legal responsibility. That’s as of March 2021.

What does that imply? Coverage should embody as much as $20,000 for everybody in an accident (center quantity), topic to a restrict of $10,000 for one individual (the primary quantity), and $10,000 for property injury (the final quantity). Also, as a substitute of coverage limits, policyholders can fulfill the requirement with a mixed single restrict coverage. 

By comparability, Maine’s and Alaska’s minimal required coverages are at 50/100/25. (For Maine, policyholders should additionally carry protection for medical funds.)

Property injury

Florida requires that each one drivers carry a minimal of $10,000 in property injury legal responsibility insurance coverage. This protection will shield different drivers from monetary loss in case you’re at-fault for an accident and injury one other car. Failure to take action can lead to the suspension of your registration or driver’s license.

Personal harm safety

Florida is one among a handful of no-fault auto insurance coverage states. This implies that no matter a automobile accident, every driver is liable for protecting their very own medical payments. As a outcome, the state requires that each one drivers carry at the very least $10,000 in private harm safety. This protection pays for 80% of medical bills from a coated accident.

Taxi insurance coverage

Florida requires that taxis carry further automobile insurance coverage to guard their passengers. Vehicles registered as taxis within the state should carry at the very least $125,000 bodily harm legal responsibility per individual, $250,000 bodily harm legal responsibility per accident, and $50,000 property injury legal responsibility per accident.

How a lot does automobile insurance coverage price in Florida?

Drivers in Florida pay $2,364 yearly for full protection and $1,101 yearly for minimal protection, in accordance with Bankrate information.

Florida automobile insurance coverage can get excessive relying on the ZIP code, as a lot as $3,314 in Miami, the state’s largest metropolitan space. (Miami-Dade is likely one of the largest counties in inhabitants within the U.S., with nearly 2.8 million in 2018, in accordance with the U.S. Census.)

Meanwhile in North Florida, Tallahassee has a few of the most cost-effective premiums for the state, in accordance with Bankrate.

City Average annual premium for full protection
Jacksonville $2,230
Miami $3,314
Orlando $2,405
Tampa $3,027
Tallahassee $2,043
St. Petersburg $2,662

Bankrate makes use of Quadrant Information Services to research 2021 charges for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted charges are primarily based on a 40-year-old female and male driver with a clear driving report and good credit score.

Car insurance coverage FAQs

Florida drivers face quite a lot of distinctive circumstances that make automobile insurance coverage charges dearer. Factors that trigger Florida automobile insurance coverage charges to be excessive embody:

  • The state’s no-fault insurance coverage regulation.
  • A excessive price of older drivers.
  • A excessive price of uninsured drivers.
  • High charges of inclement climate.

Florida requires that drivers carry $10,000 of each property injury legal responsibility and private harm safety protection. But you’ll be able to definitely select to buy extra insurance coverage, and you might need to. Florida’s minimal necessities don’t present any safety in your car, just for different drivers. If you need your automobile to be coated in an accident, improve your coverages.

Both collision and complete protection shield you in case of harm to your car, however they apply to very completely different conditions. Collision protection protects you in case of a automobile accident. Comprehensive applies to conditions the place your automobile is broken for a motive apart from an accident, comparable to vandalism, theft or inclement climate.

Too lengthy, didn’t learn?

Florida has a few of the highest automobile insurance coverage charges within the nation, making it all of the extra vital for drivers to buy round earlier than selecting a coverage. There are loads of good choices accessible. Whether you’re on the lookout for an organization with excellent coverages, top-notch customer support or low charges, there’s a service for you.

We welcome your suggestions on this text and would love to listen to about your expertise with the insurers we advocate. Contact us at inquiries@thesimpledollar.com with feedback or questions.

The SimpleRating makes it straightforward to match services featured right here on The Simple Dollar in a clear, open and sincere manner. We price these services utilizing 5 elements and common them to calculate a single SimpleRating. For auto insurance coverage, we examine:

  • Discounts
  • Coverage choices
  • Support
  • Customer satisfaction
  • Accessibility

You can learn extra about every issue and the main points of every rating in our auto insurance coverage methodology. Use our rankings and editorial suggestions as you store for the most effective auto insurance coverage that matches your protection wants.

Car insurance coverage charges:  We used insurance coverage charges from Quadrant Information Services. This consists of analyzing hundreds of charges from all 50 states that had been publicly sourced from 2019 insurer filings. Rates are primarily based on a 30-year-old male or feminine that had a clear driving report. Full Coverage premiums assumed a $500 collision and complete deductible, and we checked out those that had each good and poor credit score. These charges needs to be used to tell your automobile insurance coverage buying course of, however your individual quote could differ.

Why do some manufacturers have completely different SimpleScores on completely different pages?

To make sure the SimpleRating is as useful and correct as doable, we developed distinctive standards for each class we examine at The Simple Dollar. Since most manufacturers provide quite a lot of monetary options, their services will rating otherwise relying on what we’re scoring on a given web page.

However, it’s additionally doable for a similar product from the identical model to have a number of SimpleScores. For occasion, if we examine State Farm’s dwelling insurance coverage in accordance with our standards for the most effective dwelling insurance coverage, it scores a 3.8 out of 5. But after we examine State Farm in accordance with the factors for the most effective auto insurance coverage, it scores increased, for the reason that options the corporate affords can fluctuate by the kind of insurance coverage.

Discounts

We appeared on the variety of reductions every firm affords — extra reductions imply a better rating.

Coverage Options

We awarded increased scores to the businesses which have essentially the most protection choices.

Support

We awarded increased scores to lenders with essentially the most channels for buyer help.

Customer Satisfaction

We leveraged the J.D. Power 2019 Auto Insurance Satisfaction Study℠ to see how prospects rated their expertise with every firm. (If an organization wasn’t included in J.D. Power’s examine, we skipped this facet and averaged the 4 remaining facet scores.)

Accessibility

We appeared on the degree of accessibility of every firm –– the extra sources they’ve the upper their rating.

Reviewed by

  • Aylea Wilkins

    Aylea Wilkins

    Insurance Editor

    Aylea Wilkins is an editor specializing in insurance coverage for The Simple Dollar. After getting a level in European research and modifying from Brigham Young University, she labored as a author and editor for quite a lot of small web sites earlier than transitioning to the insurance coverage area.