Auto Insurance Coverage Types
|What it does|
|Liability coverage||Your legal defense is covered if a lawsuit is filed against you due to an accident. Property damage and bodily injury are two forms of liability coverage that must be included in your insurance policy if you live in Washington.|
|Property damage||If you are held legally responsible for an accident, this policy protects your assets, and it protects you against certain types of harm to another person’s property or car.|
|Bodily injury||If you’re held legally responsible for an accident, it protects your assets, including some expenses related to bodily harm suffered by the other parties.|
|Comprehensive||When non-collision-related accidents cause physical damage to your car, this sort of Washington auto insurance coverage is used to fix it .|
|Collision||When your car sustains physical damage due to a collision with another car or item, collision coverage is utilized to fix it .|
|Uninsured/underinsured motorist||Protects you if the other party is at fault in an accident and either does not have insurance or is underinsured.|
Do You Need Personal Injury Protection Coverage In Florida
Yes, you need personal injury protection coverage in the state of Florida, specifically $10,000 per accident. If an accident occurs, PIP coverage covers the costs of medical payments. Additional non-medical benefits, including lost wage compensation, household expenses, and funeral costs, may apply in some cases depending on your chosen plan.
Florida is a no-fault state, which means both individuals involved in an auto accident must pay for bodily injury expenses through their own insurance providers, regardless of who caused the accident.
Cheap Auto Insurance For Florida Drivers With Accidents On Their Records
One of the best aspects of insurance in Florida is that itâs a no-fault state. This means that none of the drivers involved in an accident will be on the line for all the damage and injuries they caused their own insurance will cover their own injuries and damage. So, your Florida car insurance rates will not drastically be changed after an accident as they would in other states where fault is everything.
However, no-fault drivers are able to file lawsuits against you or any other driver involved in the accident for other losses like pain and suffering. This can naturally cost a lot in the long and short run. Insurance Navy also proudly offers first-time accident forgiveness insurance products for drivers in at-fault states.
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Which Car Insurance Companies In Florida Have The Most Complaints
Part of choosing the right car insurance provider is knowing just how many complaints each one of your choices. This is where the complaint ratio comes in. This ratio tells you as a consumer just where the providers in your area stand about their competitors.
The baseline for the complaint ratio is 1.0. This means that a company with a complaint ratio of 1.0 has an average number of complaints. The higher the complaint ratio, the higher the number of complaints lodged against the company.
Below is a list of the top 10 best car insurance companies in Florida and their complaint ratios so that you can see how each one compares.
These numbers can be a bit deceiving when taken out of context.
For instance, a glance at the numbers would make it seem like Amtrust NGH Group is the best choice. Still, this company only holds 2.16% of the market share, which means that it has fewer customers, and fewer customers translates into fewer possibilities for complaints.
If you want to see for yourself, search for complaints using Florida car insurance company codes:
- Amtrust NGH Group NAIC Code: 15954
- Travelers Group NAIC Code: 36161
- State Farm Group NAIC Code: 25178
- Allstate Insurance Group NAIC Code: 29688
- GEICO NAIC Code: 35882
- USAA Group NAIC Code: 25968
- Progressive Group NAIC Code: 25232
- InFinanciality Prop & Casualty Insurance Group NAIC Code: N/A
- Liberty Mutual Group NAIC Code: 23043
- Windhaven NAIC Code: 12541
Who Has The Cheapest Florida Car Insurance For Drivers With Speeding Tickets
Based on our data, State Farm has the lowest rate for Florida drivers with a recent speeding violation. If you get a speeding ticket, chances are youll see an increase in what you pay for car insurance, upon your policy renewal. In Florida, a minor speeding ticket will hike your rate by an average of 27 to 31%. Typically, youll pay more for three years. But even with a traffic ticket, comparison shopping can save you money. For instance, youll see that the difference between the highest rate and the lowest in the table below is more than $2,000, on average, according to CarInsurance.coms rate analysis. Thats how much you can save by comparing car insurance companies.
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What Is The Best Car Insurance In Florida
NerdWallet named Liberty Mutual one of the best car insurance companies in 2022.3 Thats because we understand that everyone has individual needs when it comes to their Florida auto insurance. Some might want the cheapest Florida car insurance, while others want more coverage and an auto insurance company they know they can trust. Let us help you customize your Florida car insurance, so you only pay for what you need.
Proof Of Financial Responsibility & Penalties
Under Florida law, you are required to provide documentary proof of Financial Responsibility when registering your vehicle or at the request of law enforcement officials.
If you are unable to produce proof of liability coverage when requested, the penalties can be harsh, including drivers license and vehicle registration suspension.
In addition to these statutory penalties, if you cannot show proof of financial responsibility, fail to pay a judgment entered against you for damages resulting from an automobile accident, or need to reinstate your license after conviction for certain types of violations, you will be required to obtain an SR-22 Certificate of Financial Responsibility.
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How Much Does Insurance Go Up For An Accident In Florida
In Florida, a recent accident claim will hike your rates by an average of 35%. However, exactly how much more you pay depends on several factors, and your car insurance company is one of those significant factors. Each company assesses risk differently, so thats why the increase after an accident will vary among insurers. Among those surveyed, State Farm had the cheapest car insurance in Florida for drivers with a recent accident. Here is how major carriers compare after at-fault accidents for the average Florida driver with a full coverage policy:
|Company||1 At-fault property damage accident over $2K||2 At-fault property damage accident over $2k||At-fault bodily injury accident|
Florida Car Insurance: The Best Cheap Coverage
While theres a lot to enjoy about the Sunshine State, residents also have to deal with high auto insurance prices. According to the National Association of Insurance Commissioners , car insurance in Florida is the fourth-most expensive in the nation on average. And while you cant just change your zip code or driving record on a whim, you can shop around to find Florida car insurance companies that offer good rates.
We recently dove into a market review of over 30 car insurance brands nationwide to help you find the best coverage for your car. In Florida, car insurance providers USAA and Progressive topped our list. We strongly encourage you to get free car insurance quotes from multiple providers and compare them, as quotes will depend on several factors specific to you.
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Cheapest Car Insurance In Florida For Military Drivers
If you are a veteran or active military member, USAA offers the cheapest car insurance in Florida. USAA costs up to $233 less than GEICO, the second-cheapest option in Florida. This insurer also offers benefits and coverages tailored to suit drivers with a military background.
- Average rate: $514 per year
- Ranks 9th out of 11 insurers
If you have a military background, buying your car insurance from USAA will help you save on costs since it has the cheapest rates in Florida. USAA also offers a variety of discounts that can make your car insurance even more affordable. You can get bundling and multiple car discounts if you buy more than one policy or insure multiple cars. You can also get discounted rates for taking an approved defensive driving course, having a new car and being loyal to the company, among others.
What Is The Minimum Car Insurance Required In Florida
According to the Florida Department of Motor Vehicles, the Florida car insurance requirements are:
- $10,000 in Personal Injury Protection
- AND $10,000 in Property Damage Liability
PIP will help cover lost wages, in-house care, and equipment if you are injured in an accident. It will also help pay for funeral costs if necessary.
AAA also notes that Florida has a no-fault law and that:
No-fault lawrequires anyone who owns or has registered a motor vehicle with four or more wheels to have the following coverage. All drivers are required to have insurance policies of at least $10,000 for an individuals bodily injury, $20,000 for injury to multiple persons $10,000 for property damage and a $30,000 minimum per accident.
Failure to comply with these requirements can result in the suspension of your driving privileges, vehicle registration, and vehicle license tag for up to three years, so why take the risk?
A Florida driver is responsible for following the Florida Financial Responsibility Law. This law requires that a person with certain types of marks on their driving record maintain:
- A minimum limit of bodily injury liability of $10,000 per person
- A minimum limit of $20,000 per crash
- A minimum of $10,000 property damage liability per crash
- AND personal injury protection limits of $10,000 per person per crash
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How Much Is Car Insurance In Florida
The average cost of full coverage car insurance in Florida is $2,780 per year, or about $232 per month, according to NerdWallets analysis. Minimum coverage in Florida is $1,084 per year on average, but we found you can likely get a cheaper policy. For example, Geico offers the cheapest rates in Florida at $717 per year, on average, for minimum coverage car insurance for a 35-year-old driver with a clean driving record.
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Cheap Car Insurance In Florida For Drivers With Bad Credit
State Farm is the cheapest car insurance in Florida for drivers with bad credit, among those surveyed by our experts. Car insurance for drivers with bad credit costs significantly more than it does for those with good credit. Florida ranks 15th among the worst states for drivers with bad credit, based on Insurance.com’s data analysis. Compared to good credit drivers, those in Florida with bad credit pay 74%more, on average. The good news is that you can still shave some money off your coverage costs if you compare car insurance companies. You’ll see below that the difference among major insurers is nearly $2,618 for a full coverage policy for a driver with bad credit. That’s how much you can potentially save by comparing car insurance quotes.
- State Farm: $2,704
- Allstate: $1,008
Minimum coverage isnt recommended because its typically not enough to pay for even minor accidents, leaving you responsible to pay for the balance of medical and repair bills. However, if you have an old car thats not worth much and no savings or assets, state minimum liability coverage will suffice.
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Reasons Why Auto Insurance Costs More In Florida
Why is Florida car insurance so expensive?
The high cost of auto insurance in Florida is due to several variables. Environmental considerations, such as traffic density and weather concerns, and driver profiles, are among them. Because Florida car insurance prices are so high, you must be proactive in comparing car insurance quotes if you live here.
You’re not alone if you’ve observed that your coverage costs have increased in recent years. The average cost of car insurance has risen across the country, and Florida’s auto insurance prices are following suit. The state’s congested roadways, higher insurance requirements, high healthcare expenditures, high-risk drivers, uninsured drivers, and extreme weather threats all contribute to this trend.
Currently, the average Florida driver spends $2220 per year or $186 per month for full coverage auto insurance. Auto insurance prices in Florida have consistently risen over the previous six years. It has risen from 43rd to 46th in terms of insurance affordability.
Cars That Get The Cheapest Car Insurance In Florida
Itâs common for new car owners to avoid the newest and most luxurious makes and models on the market because itâs these cars that often cost the most to insure. There are several valid reasons for this. Because these cars are made from expensive components and come equipped with the most up-to-date technology, like sensors and onboard computers, insurance companies will quote them at higher rates.
Florida is one of the states where sports and luxury vehicles are most commonly driven, given all the people enjoying retirement and a climate that allows for these types of cars to be safely driven all year round. With these types of cars frequenting the road, itâs no wonder why Florida insurance rates are so high.
Still, you can save on auto coverage if you drive a modest, older car with established safety. These cars also tend to be a lot cheaper overall.
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Florida’s Cheapest Companies For Full
GEICO has the cheapest rate for full-coverage car insurance in Florida, at an average of $144 monthly. State Farm is the second-cheapest insurer at $233 a month.
|Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.|
Full-coverage car insurance typically combines liability, collision and comprehensive car insurance coverage. A full-coverage policy offers the best protection against accidents and other incidents. Liability coverage on its own does nothing to cover your damages, only those of other drivers.
Cheapest Full Coverage Car Insurance In Florida For 60
Drivers in Florida with clean driving records may want to think about getting quotes from these companies, which had the lowest average rates:
State Farm: $1,833 per year, or about $153 per month.
Geico: $1,873 per year, or about $156 per month.
Allstate: $2,471 per year, or about $206 per month.
MetLife: $2,552 per year, or about $213 per month.
Progressive: $2,984 per year, or about $249 per month.
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Florida Senior Driver Law
Drivers over age 80 must renew their license every six years, compared with every eight years for younger people. Additionally, people 80 and older must pass an eye exam with every renewal.
Florida also allows confidential reporting of a possibly unsafe driver by anyone doctor, law enforcement, relative or bystander. Officials may ask those drivers to submit medical reports from their doctor or to undergo testing at a driver license office.
Best Insurance Company Customer Service In Miami Florida
Our survey of customer satisfaction found that the Miami insurer with the most positive service feedback is Allstate, as 64% of customers expressed that they were extremely satisfied with their experience.
Another large insurer with similar ratings is State Farm, with 59% of customers saying they were satisfied with their experience.
Miami drivers should consider insurers that have top-ranked customer service. Even if a company has low insurance rates, it may not be enough to make up for long claims processes, lagging or nonexistent response times or rude agents.
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Minimum Auto Insurance For Florida Teens
GEICO has the cheapest rates for 18-year-old Florida drivers with an average monthly premium of $245 for minimum-coverage car insurance. State Farm comes in second at $403 a month.
Both of these average rates are far below what the average 18-year-old driver in Florida pays for a minimum-coverage policy, which is $536 a month.
|Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.|
Why Do Car Insurance Rates Differ From State To State
Location can impact car insurance rates because the risks are different based on a variety of factors. That’s why you’ll find insurance rates differ from state to state. It also explains why the cost of car insurance from the same insurance company also changes depending on the state you live in.
Here are a few location-based reasons car insurance rates differ across states:
- Crime rates. Areas more prone to theft and vandalism are more expensive than safer ones.
- Population density. Urban areas tend to have higher claims rates than small, rural areas, likely due to increased traffic.
- Number, frequency, and cost of claims. The greater prevalence and cost of claims in a given area can bump up your car insurance.
- Weather trends. Areas more prone to severe weather and damage due to these trends will also be more expensive. In turn, areas that are less prone to severe weather might have cheaper insurance.
- The cost of medical care and car repairs. These costs vary by state and can also affect the cost of car insurance.
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