Florida Automobile Insurance for 2023

Florida has one of the best average annual insurance coverage rates in the country, up to $991 above the national average. In this article, we might be viewing Florida Automobile insurance coverage for the year 2023.

This would show you everything you would like to understand concerning your insurance coverage in Florida. The national average for full coverage is $1,771, in line with the analysis.

New York, Louisiana, and Florida are the 3 most costly states for insurance on average.

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The average value for insurance in Florida was $2,364 annually for full coverage. In 2022, it’s up to $2,762 annually. For point-of-entry drivers, it’s even higher.

The Florida Automobile insurance annual value is $3,459 for full coverage; monthly premiums are a mean of $288.

Data from 2019 showed that 20.4% of Everglade State drivers were uninsurable. By comparison, the national average was twelve.6%, in line with the Insurance Data Institute, in 2019. Their data, collected by the Insurance analysis Council, additionally showed that one in eight drivers was uninsurable in 2018.

In the district, the typical insurance value for full coverage is reported at $2,520.

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The priciest town in Everglade State for insurance is Hialeah, wherever yearly coverage is $3,777.

Florida insurance value by corporations

Below shows the statistics for Florida’s insurance value-supported insurance companies:

CompanyAverage Cost
Farmers$2,900
Allstate$3,160
Geico$1,400
Direct General$3,100
Mercury$2,400
Travelers$1,900
Progressive$2,700
State Farm$1,600
Statewide Average$2,300

Affordable Automobile Insurance in Florida

With a mean annual rate of $1,414, Geico is the most cost-effective insurance company in Everglade State.

At the opposite finish of the spectrum, Allstate has the best rate for the state. Its average automobile policy price is $3,169 annually.

People living in Everglade State pay a mean of $2,762 annually for full coverage insurance and $997 annually for minimum coverage policy.

Florida insurance value supported Gender

As new drivers, 17-year-old females and males pay $7,996 and $8,979 on average annually, severally, for Everglade State insurance.

CompanyFEMALEMALE
Allstate$13,247$14,515
Direct General$6,803$7,202
Farmers$10,637$10,684
Geico$3,508$3,875
Mercury$12,237$14,232
Nationwide$6,836$8,649
Progressive$8,728$9,290
State Farm$3,989$5,057
Travelers$5,982$7,306
Statewide Average$7,996$8,979

Florida Automobile Insurance based on Adults

Florida’s yearly insurance rates for single young adults at age twenty-five are considerably but the rates for teens, averaging at $2,748 for females and $2,789 for males.

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Florida’s annual automobile policy with Geico prices $1,614 and $1,661 for females and males, severally, on average. With Direct General, the typical rate for females is $3,656 annually, and therefore the average for males is $3,837.

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COMPANY25-YEAR-OLD FEMALE25-YEAR-OLD MALE
Allstate$3,339$3,419
Direct General$3,656$3,837
Farmers$3,422$3,400
Geico$1,614$1,661
Mercury$3,137$3,027
Nationwide$2,273$2,401
Progressive$3,392$3,319
State Farm$1,736$1,845
Travelers$2,161$2,188
Statewide Average$2,748$2,789

Florida Automobile Insurance based on Elderly

The average rates for married 60-year-old females and males in Everglade State ar $2,069 and $2,087 annually, severally.

Geico is additionally the most cost-effective insurance carrier for this cohort. Its average annual rates are $1,273 for females and $1,216 for males.

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Allstate’s rates for senior drivers are about $800 annually over the state’s averages for females at $2,861 and for males at $2,941.

COMPANY60-YEAR-OLD FEMALE60-YEAR-OLD MALE
Allstate$2,861$2,941
Direct General$2,711$2,696
Farmers$2,721$2,698
Geico$1,273$1,216
Mercury$1,870$1,927
Nationwide$1,737$1,821
Progressive$2,309$2,299
State Farm$1,446$1,446
Travelers$1,693$1,741
Statewide Average$2,069$1,847

Florida Automobile Insurance based on Driver Records

If you reside in Everglade State and have a clean driving record, then you will realize a good insurance rate with GEICO.

Its cost of $1,414 annually is sort of $1,000 but Florida’s overall average of $2,393 annually.

Allstate is the most costly insurance underwriter during this class with a mean annual rate of $3,169.

COMPANYCLEAN RECORD
Allstate$3,169
Direct General$3,132
Farmers$2,957
Geico$1,414
Mercury$2,492
Nationwide$2,039
Progressive$2,735
State Farm$1,606
Travelers$1,993
Statewide Average$2,393

Florida Automobile Insurance based on Accident Reports

After one automotive accident, Florida’s average insurance rate jumps to $3,416 annually.

However, the typical annual value of a policy with State Farm is about $1,500 less at $1,867.

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In distinction, Allstate’s rate of $4,465 is over $1,000 above the state’s average.

COMPANYWITH 1 ACCIDENT
Allstate$4,465
Direct General$4,114
Farmers$4,228
Geico$1,924
Mercury$4,290
Nationwide$2,833
Progressive$4,340
State Farm$1,867
Travelers$2,680
Statewide Average$3,416
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