When it comes to car insurance in Florida, it’s important to find the best coverage that suits your needs and budget. With so many options available, it can be overwhelming to choose the right insurance company. In this article, we will explore the five best car insurance companies in Florida and provide useful information to help you make an informed decision.
What Is the Best Car Insurance in Florida?
Based on our extensive research, the five best car insurance companies in Florida are:
- State Farm
- Travelers
- Geico
- Progressive
- Allstate
Our research takes into account various factors such as ratings from J.D. Power, AM Best, and the Better Business Bureau (BBB), as well as evaluations of industry standing, availability, coverage options, cost and discounts, and customer experience.
Compare Florida Auto Insurance
To determine the top car insurance companies in Florida, we considered key factors such as industry standing, availability, coverage options, cost and discounts, and customer experience. Using these factors, we created an overall score for each company. The ranking order in the table below is specific to car insurance in Florida, but the ratings reflect the companies’ performances nationwide.
| Company | Industry Standing | Availability | Coverage | Cost and Discounts | Customer Experience |
|---|---|---|---|---|---|
| State Farm | High | Available | Extensive | Competitive | Positive |
| Travelers | High | Available | Wide Range | Affordable | Positive |
| Geico | High | Available | Customizable | Budget-friendly | Positive |
| Progressive | High | Available | Wide Selection | Innovative | Positive |
| Allstate | High | Available | Diverse Options | Competitive | Positive |
Best Car Insurance Companies in Florida
Here’s why we chose State Farm, Travelers, Geico, Progressive, and Allstate as the top five car insurance companies in Florida:
State Farm: Best Customer Experience
State Farm received a high rating from J.D. Power (877 out of 1,000) and has a strong industry standing. They offer comprehensive coverage options, including property damage liability, collision insurance, comprehensive insurance, underinsured/uninsured motorist coverage, personal injury protection, and more. State Farm also has optional coverages such as emergency road service coverage, rental car reimbursement, travel expenses coverage, and rideshare driver coverage.
Travelers: Best for Most Drivers
With a high rating from J.D. Power (848 out of 1,000) and a solid financial strength rating from AM Best, Travelers is a reliable choice for car insurance in Florida. They offer a wide range of coverage options, including accident forgiveness, loan/lease gap insurance, named non-owner coverage, new car replacement, rental car coverage, roadside assistance, and rideshare coverage. Travelers is known for its excellent customer service and long-standing industry experience.
Geico: Best for Budget-Conscious Drivers
Geico is a popular choice for budget-conscious drivers, offering consistently cheap car insurance rates. They also provide a vast product range, including home insurance, motorcycle insurance, RV insurance, pet insurance, collector car insurance, and jewelry insurance. Geico’s optional coverages include emergency road service, rental reimbursement, mechanical breakdown insurance, and more. With strong financial strength ratings and positive customer reviews, Geico is a reliable option for Florida drivers.
Progressive: Best for Tech-Savvy Drivers
Progressive is known for its easy-to-use technology, including a mobile app and Snapshot® usage-based insurance program. They offer standard coverage options and have one of the widest selections of add-on coverages. Some of these include auto roadside assistance, custom parts and equipment value coverage, deductible savings bank, loan/lease payoff, pet injury coverage, rental car reimbursement, rideshare coverage, and trip interruption. With strong financial ratings and positive customer satisfaction, Progressive is a great choice for tech-savvy drivers in Florida.
Allstate
Allstate is the fourth-largest auto insurer in the U.S. and has a solid reputation for financial strength. They offer a lot of options for standard minimum-liability and full-coverage policies. Additionally, they provide optional coverages such as roadside coverage, personal umbrella, rental reimbursement, sound system insurance, classic car insurance, and coverage options for drivers traveling to Canada and Mexico. Allstate also offers usage-based insurance through their Drivewise program.
How to Find the Best Car Insurance in Florida
To find the best car insurance in Florida, consider the following tips:
- Choose the right coverage options that suit your needs.
- Shop around and compare quotes from multiple insurance companies.
- Maintain a clean driving record to qualify for lower rates.
- Select a higher deductible to lower your premium.
- Improve your credit score, as it can impact your insurance rates.
- Enroll in usage-based insurance (UBI) programs that monitor your driving habits.
- Bundle your policies with the same insurance company for potential discounts.
- Avoid letting your coverage lapse, as it can lead to higher rates.
Check Florida Car Insurance Requirements
In Florida, car insurance coverage requirements include $10,000 in property damage liability coverage per accident and $10,000 in personal injury protection. Florida is a no-fault auto accident state, and liability coverage is essential to protect others in case of damage to their property or injury caused by an accident.
What Is the Average Cost of Car Insurance in Florida?
The average cost of car insurance in Florida is $3,244 per year for a full-coverage policy. This is higher than the national average of $2,008 for annual full coverage. However, State Farm offers the lowest rates in Florida for both minimum and full-coverage policies, making them an affordable option for Florida drivers.
Florida Car Insurance Discounts
Car insurance companies in Florida often offer various discounts to keep rates low and attract more customers. Look for discounts such as safe driver discounts, multi-policy discounts, good student discounts, and more when shopping for car insurance.
Best Florida Car Insurance: The Bottom Line
State Farm is our top recommendation for car insurance in Florida. They offer competitive rates, extensive coverage options, and excellent customer service. However, it’s always a good idea to shop around and get quotes from multiple insurance providers to find the best fit for your needs.
FAQs
Here are some frequently asked questions about car insurance in Florida:
Q: How did you determine the best car insurance companies in Florida?
A: Our ratings were based on a comprehensive analysis of various factors, including cost, coverage options, reputation, availability, and customer experience.
Q: What are the car insurance requirements in Florida?
A: Florida requires drivers to have $10,000 in property damage liability coverage per accident and $10,000 in personal injury protection.
Q: How much does car insurance cost in Florida?
A: The average cost of car insurance in Florida is $3,244 per year for a full-coverage policy.
Q: What discounts are available for car insurance in Florida?
A: Car insurance companies in Florida offer discounts such as safe driver discounts, multi-policy discounts, good student discounts, and more.
Q: Can I save money by bundling my car insurance policies?
A: Yes, bundling your car insurance policies with the same company can often lead to discounts and cost savings.
Conclusion
Finding the best car insurance in Florida requires careful consideration of various factors such as cost, coverage options, and customer experience. State Farm, Travelers, Geico, Progressive, and Allstate are among the top car insurance companies in Florida, each offering their own unique benefits. Remember to explore your options, compare quotes, and choose the insurance company that best meets your needs.
