Florida's top auto insurance company in 2022
Florida, the state with the most southern location in the nation, is well known for its theme parks, resorts, and beautiful weather. It's fair to call this state the "Sunshine State." Numerous cities with a population of over a million call this state, which is the third most populous in the country, home. In addition to having a lot of warm weather, Florida is home to numerous professional sports teams, the Florida Keys, and the Everglades. The state is encircled by the Gulf of Mexico, the Caribbean Sea, and the Atlantic Ocean. The state is easily navigable.
Finding the best Florida auto insurance is essential for protecting your finances given how crowded the state's roads can be. In the Sunshine State, a full coverage auto insurance policy costs an average of $2,762 per year.
locating the top auto insurance in Florida.
There's a good chance that many drivers look for protection from the best auto insurance company they can find. Because every driver has unique needs that can change depending on factors like vehicle type and coverage requirements, finding the best carrier largely depends on which aspects of auto insurance you choose to prioritize.
Discounts on Florida car insurance.
Regardless of your estimated initial premium cost, insurance discounts may be able to help you find less expensive auto insurance. You might be able to lower the cost of your auto insurance by changing your driving habits, your vehicle's safety features, or your preferred method of payment. The following regular auto insurance discounts are available in Florida:
Discounts for young drivers can help you find cheap teen auto insurance because they can be expensive to insure. Discounts are frequently offered to high-achieving students, distance learners, and trained drivers.
A lot of companies offer usage-based telematics insurance plans that track your driving patterns using a mobile app or plug-in device. These plans offer discounts to safe drivers. Depending on how carefully and frequently you drive, you might be eligible for a sizable discount. You may also save money if you drive for a predetermined number of years without filing a claim and without being involved in any moving violations.
Additional discounts: Getting your home and auto insurance from the same company is a common and highly advantageous discount. You may also save money by taking advantage of billing discounts like setting up automatic payments or receiving your statements electronically. If you're changing insurance providers, be sure to mention if you currently have an active policy that hasn't expired. Some companies offer reductions for ongoing insurance.
Florida's minimum standards for car insurance.
Florida is a no-fault state, so regardless of who was at fault for the collision, each person involved in an accident must make a claim with their own insurer to cover their medical expenses. The driver is liable for any property damage. Florida's state minimum auto insurance laws only require personal injury protection (PIP) and property damage coverage. Technically, liability insurance for bodily injury is not necessary.
Lender requirements
If you have a loan or lease on your car, you might need more insurance than just the bare minimum mandated by your state. Full coverage is typically required by lenders and lessors, expanding your policy to cover comprehensive and collision damage. These coverage options provide substantial financial protection for both collision and non-collision damage to your vehicle, as opposed to just covering damage you cause to third parties. Furthermore, lessors frequently insist that you carry liability limits above the minimum requirements set by law. Gap insurance will pay the difference between the loan value and the car's actual cash value if your new car is stolen or totaled. Your auto insurer will typically provide gap coverage at a lower cost compared to your lender.
List of the top auto insurance companies in Florida.
MetLife
MetLife is an excellent choice for new car owners because it offers new car replacement coverage. Once they are driven off the lot, cars typically begin to lose value. This coverage will enable you to buy a new car again if you get into an accident soon after buying a car.
MetLife now offers the same coverage as Farmers as a result of Farmers' acquisition of MetLife. The cost of buying a new car with the same model and make will be covered by the new car replacement coverage if your car is totaled in an accident within the first two years and 24,000 miles.
GEICO
Adding young drivers to a policy can frequently result in a significant increase in the price of auto insurance. However, GEICO offers a respectable selection and helpful customer support. Customer service is essential to the entire process because filing a claim is always stressful.
Families with young drivers can benefit from significant GEICO discounts. One of these is the student discount, which offers opportunities for financial savings to full-time students with excellent academic records. If you complete a driver education course, your premium may be reduced.
USAA
USAA provides some of the best customer service and most competitive pricing for car insurance premiums in Florida. It has one of the best reputations in the country as well.
The company also offers a range of policies and discounts, including:
If your standard insurance does not cover ridesharing, rideshare gap insurance is a great alternative.
Accident forgiveness: If you go at least five years without an accident, your first at-fault accident won't raise your premium.
Mileage discount: USAA provides discounts based on the number of miles you travel annually.
You can save up to 60% by keeping an insured vehicle in storage.
Nationwide
You pay a base rate with Nationwide SmartMiles, after which any additional miles driven are charged at a variable rate. You only have to pay for the first 250 miles driven in a day under the company's road trip exception. Additionally, you might be eligible for a 10% discount if you drive safely.
Who offers the best car insurance in Florida?
GEICO is the top auto insurance company in Florida. It was given an overall score of 4.1 out of 5. It's also the best option for people who have a history of infractions, are enrolled in school, or need a policy that merely meets the minimum coverage requirements set forth by the state.
Which insurance company in Florida provides the best value?
For affordable car insurance in Florida, GEICO is the best option. An annual GEICO policy typically costs $1,337. It is only second in terms of claims.
Conclusion
It's more affordable than you might think to get high-quality insurance. When you ask Allstate for a quote on Florida auto insurance, you might be eligible for discounts. One of the discounts available is:
Discounts for combining multiple policies, getting a new car, enrolling early, paying on time, and being a good student.
Check out the different auto insurance discounts that are tailored to you and take advantage of savings without compromising coverage.
