Florida may be one of the more costly states for full coverage car insurance, but there are ways you can lower costs. MoneyGeek’s Florida Car Insurance Calculator can give you an accurate estimation of your rates depending on where you live, vehicle information such as year, make and model as well as coverage options like optional policies as well as your deductible and credit score.
Adopting the appropriate level of coverage is crucial to safeguarding you and your loved ones from financial strain. While most drivers in Florida opt for state minimum liability coverage, a full policy can protect against damage to both your own car as well as injury/death claims from third parties involved in an accident. Having enough protection can protect you against being sued outright for medical bills/repair costs in case anything unexpected should arise, as well as saving time and hassle should there be any dispute regarding liability issues.
MoneyGeek conducted extensive analysis on Florida car insurance providers to find those that provide excellent combinations of price and service, such as Geico. Geico stands out among them thanks to their low average premium for full coverage policies as well as wide discounts available including those for safe drivers, military members, federal employees, new customers and customers with usage-based programs that could further lower your rates.
Other providers we recommend include CSAA, Auto-Owners, State Farm, The Hartford and GEICO – these providers boast among the lowest average complaint ratios among Florida car insurers and high ratings on app store apps for their user-friendly policies – particularly handy features for families with teenage drivers as young driver insurance is often more costly.
Car insurance costs in Florida can differ widely depending on who you ask, making comparison shopping essential to finding the best deal. Our calculator will serve as an initial starting point, but take other considerations into account such as age, driving record and car type into account as well. Also compare rates across cities since prices often differ due to various reasons.
Florida’s no-fault law mandates drivers carry PIP/medical payments coverage of $10,000 and bodily injury liability (BI) of $50,000 per person, but uninsured/underinsured motorist coverage can provide protection from drivers not legally required to carry such coverage.
If you want to save even more, raising your coverage limits might be just the thing to cut monthly premiums even further. By increasing maximum payouts and raising maximum limits, increasing maximum payouts, raising maximum limits will lower monthly premiums while keeping costs in check. When setting limits too low though, an accident could leave you on the hook for thousands in case of serious harm to another. Furthermore, lowering deductibles will further lower premiums.