Florida car insurance is one of the most expensive in Florida, finding one that will help you save up money is a hard thing. In this article, we will also be discussing the top five car insurance companies that would help you save up money.
Car insurance in Florida is very expensive, this is also because of the busy road conditions. Similarly, it is due to the high number of auto collisions on the road.
However, according to the National Association of Insurance Commission (NAIC), Florida was the forth most expensive state in 2018.
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What Is The Average Cost Of Insurance?
The Florida drivers pays an average of $1,426.46 and also a national annual average of $1,056.55 as of 2018. These numbers include both minimal coverage and full coverage policies.
The NAIC’s breakdown of the average rate of different types of car insurance is also as follows:
- Liability coverage: $1,009.94
- Collision coverage: $361.79
- Comprehensive coverage: $149.26
Factors Affecting Car Insurance
There are also several factors that affect the cost of car insurance, these includes;
- Age
- Location
- Driving history
- Credit source
- Marital status
- Vehicle type and mileage
- Previous claims
- Previous car insurance policies
- Deductible
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Cheapest Car Insurance Company
Xorlali.com has however make a list of some of the cheapest insurance companies in Florida with their estimated annual rates.
| Car Insurance Company | Annual Estimated Rate |
| Geico | $1,565 |
| State Farm | $1,873 |
| Progressive | $2,393 |
| Travelers | $2,471 |
| Mercury | $2,826 |
Cheapest Car Insurance For Young Drivers
Similarly, according to estimated rates, Geico, State Farm and Travelers are also affordable options for young drivers in Florida.
| Car Insurance Company | Annual Rate Estimate |
| Geico | $2,080 |
| State Farm | $2,392 |
| Travelers | $2,938 |
| Mercury | $3,468 |
| Progressive | $3,601 |
Source: Xorlai.com
