Chelsey Tucker graduated with a Bachelor of History degree from Metropolitan State University in 2019. She now writes about insurance with her specialty being life insurance and has been quoted on Help Smart Phone and MEL Magazine.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com.

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent Daniel Walker

UPDATED: Mar 23, 2022

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The Lowdown

  • GEICO and USAA have the cheapest car insurance premiums available for Florida drivers

  • USAA is an online financial company based out of Texas for military members, veterans, and dependents

  • Florida is a no-fault state, which means that your insurance company will pay for injuries regardless of who is at fault

Finding the right car insurance coverage for you can be a challenge. Different states may require varying degrees of coverage, and it may be challenging to know exactly how much coverage you need in your state.

Florida, unfortunately, is the third most expensive state for car insurance. However, there is a selection of low-cost coverage options and car insurance companies to browse, and each one has benefits that can make you feel safe and comfortable on the road.

In addition to knowing what basic coverage you need in Florida, you may also want to invest in optional coverage packages. Nearly every car insurance company can help you save money and help you in emergencies with GAP insurance and roadside assistance. Read on to learn more about cheap car insurance in Florida with low down-payment options.

What coverage do you need in Florida?

There are two kinds of states. One is a no-fault state, and the other is a tort state. Florida is a no-fault state, meaning that your insurance company will pay for your medical bills regardless of who is at fault in the accident. As a result, residents of no-fault states must have additional coverage to handle any medical bills or damages.

A tort state is where one party in an auto accident is declared at fault and responsible for paying property damage and other expenses to the other party.

Florida is a No-Fault State

There are only 12 no-fault states in the country, but 18 states do require the coverage by law. A no-fault state means that fault doesn’t impact which company pays medical bills. Because of this, drivers in Florida are required to have personal injury protection (PIP) insurance. This insurance is often called no-fault insurance and assists in covering medical bills for yourself and your passengers. Personal injury protection can also compensate for lost wages from a car accident and childcare expenses from an injury.

No-fault states are preferable to many residents because they enable drivers to receive insurance payouts faster than drivers in at-fault states. Additionally, no-fault states do not experience as many traffic-related legal proceedings and lawsuits as tort states.

Bear in mind that even in a no-fault state, fault in an accident is always assigned. Only medical costs are handled via no-fault coverage, and you are still responsible for property damage if you are at fault.

Residents of both no-fault and tort states can experience rising premiums if they are declared at fault in a car accident. Finding the best affordable auto insurance provider for one at-fault car accident can help assuage these costs.

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The Cheapest Car Rates in Florida

Finding low premiums for car insurance can be difficult, but these companies have the most competitive and advantageous rates available. These companies offer coverage that can make you feel safe and secure driving in Florida. Many car insurance companies will also offer discounts for being a good driver, being a student, or having taken a driving course.

On average, a driver in Florida will spend around $2,100 annually on car insurance for liability-only coverage, but some car insurance companies have cheaper monthly rates.

Minimum coverage in Florida consists of liability coverage and personal injury protection (PIP) for up to $10,000 in property damage liability.

GEICO

GEICO is the cheapest car insurance and offers the best overall rates available. You can get minimum coverage with GEICO for around $70 per month. The minimum coverage with GEICO for this price will be liability-only, meaning that any property damage and bodily injuries are covered for up to $10,000. Liability-only coverage with GEICO is ideal for drivers who are not on the road often and who are very safe and careful when they drive.

USAA

Some drivers can pay as little as $60 per month for liability-only coverage with USAA. However, USAA is only available for military members, veterans, and their dependents. If you are eligible for USAA’s insurance coverage, you and your family can save a lot of money on monthly premiums, as long as you are safe drivers or drivers who do not commute often.

USAA also offers inexpensive roadside assistance insurance for additional annual purchases. Roadside assistance with USAA costs between $12 and $20 per year.

State Farm

State Farm costs about $86 a month for liability-only coverage, which can keep drivers covered on the road. Anyone is free to use State Farm. However, premiums may rise significantly after an auto accident. Drivers who get into a car accident in Florida may not be declared at fault, but they may see their premiums rise a small amount.

Additionally, drivers who received an auto loan from State Farm Bank are eligible for State Farm’s GAP insurance alternative called Payoff Protector. Payoff Protector will help you pay off the remaining amount of a car loan or lease on a totaled or stolen vehicle.

Do you need additional coverage?

Many car insurance companies have several low-cost coverage options for additional plans. Nearly every car insurance company offers GAP insurance and roadside assistance. Both coverage options can give you all the resources you need to get out of a sticky situation. Whether you are stuck on the side of the road or your car has been totaled, these options can help.

Roadside Assistance

Many car insurance companies offer standard roadside assistance for low monthly costs. GEICO charges only $14 per year per vehicle for roadside assistance. USAA charges anywhere from $12 to $20 yearly and is arguably the car insurance company with the best roadside assistance.

Most car insurance companies offer towing services up to a certain number of miles, fuel delivery, battery jumpstarting services, locksmith services, and tire change services. However, USAA offers to tow more than double the standard miles. Most companies will tow between 15 and 20 miles, but USAA will tow a vehicle 50 miles and charge nothing for all other services except fuel delivery. When fuel is delivered, you will pay only for the gas.

With a monthly cost so small, roadside assistance can be an intuitive investment for keeping safe on and off the road.

GAP Insurance

GAP insurance is optional insurance for as little as $5 per month that can help you pay off a loan or lease agreement on a totaled or stolen vehicle. This insurance coverage can help you clear any amount of money you owe and allow you to start over with a new car loan or lease agreement.

State Farm does not offer GAP insurance but has an alternative only for those who have procured an auto loan from State Farm Bank.

Finding Cheap Car Insurance in Florida Is Simple

Finding the best car insurance coverage can be difficult, but now that you know which insurance companies have the best rates and policies to suit you, you will be ready to get on the road. Starting a policy can be nerve-wracking, but many of these cheap car insurance companies offer low-cost premiums that can ease the stress of getting new coverage.

GEICO remains the cheapest car insurance company on the market, followed closely by USAA, an insurance and banking company for military members, veterans, and their families. You and your family may want to inquire about additional discounts to help keep costs low. Additionally, you may find that optional coverage like GAP insurance and roadside assistance are vital parts of your coverage needs. Some companies can offer these options for low costs.

Whether you need full coverage or liability-only insurance, these companies can give you coverage without digging into your wallet.