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.
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.
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:
| Company | Average 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.
| Company | FEMALE | MALE |
| 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.
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.
| COMPANY | 25-YEAR-OLD FEMALE | 25-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.
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.
| COMPANY | 60-YEAR-OLD FEMALE | 60-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.
| COMPANY | CLEAN 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.
In distinction, Allstate’s rate of $4,465 is over $1,000 above the state’s average.
| COMPANY | WITH 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 |