Who has the cheapest insurance in Florida?

GEICO and Travelers often provide the cheapest car insurance in Florida, with GEICO leading for minimum coverage (around $48/month) and Travelers for full coverage (around $171-$183/month), but rates vary significantly by driver, location, and driving record; State Farm, Liberty Mutual, and Mercury are also strong contenders, so comparing quotes from multiple companies is crucial for finding the lowest price for your specific needs.

Cheapest Companies by Coverage Type (Examples)

  • Minimum Coverage: GEICO ($48/month), Travelers ($44/month).
  • Full Coverage: Travelers ($171-$183/month), State Farm ($199/month).

Top Contenders in Florida

  • GEICO: Frequently cited for low minimum coverage rates, offering significant savings.
  • Travelers: Often has the lowest rates for full coverage and liability-only options.
  • State Farm: Excellent for overall affordability, especially for teens and specific driver profiles, with many discounts available.
  • Liberty Mutual: Offers very competitive pricing for minimum coverage policies.
  • Mercury: Known for keeping rates low by combating insurance fraud.

Key Factors Affecting Your Rate

  • Your Profile: Age, driving history (accidents, tickets), credit score, and location (ZIP code).
  • Coverage Level: Full coverage costs much more than minimum liability.
  • Discounts: Look for safe driving, bundling, and good student discounts, notes U.S. News & World Report.

How to Find Your Cheapest Rate