Average Car Insurance Cost Florida Per Month

What is the Average Cost of Car Insurance in Florida?

When it comes to car insurance, Florida drivers are often hit with higher rates than drivers in other states. Rates for car insurance in Florida can vary by more than $1,500 a year depending on where you live. The average cost of car insurance in Florida is around $1,800 a year for a single adult, but this can vary depending on the type of vehicle you drive, your driving record, and other factors.

In Florida, the cost of car insurance is determined by a number of factors, including the age of the driver, the type of vehicle, the driver’s driving record, and the geographical area where the car is registered. Insurance companies also consider the type of coverage and the deductible selected when calculating rates. The higher the deductible, the lower the rate.

Average Cost of Car Insurance In Florida by Age

The cost of car insurance in Florida can vary greatly depending on the age of the driver. Younger drivers are often charged higher rates due to their lack of experience and higher risk of being involved in an accident. The average cost of car insurance for drivers under 25 is around $2,400 a year, while drivers over 25 can expect to pay an average of $1,400 a year.

Average Cost of Car Insurance in Florida by Gender

The cost of car insurance in Florida can also vary depending on the gender of the driver. According to a recent study, the average cost of car insurance for male drivers in Florida is around $1,800 a year, while the average cost of car insurance for female drivers is around $1,600 a year.

Average Cost Of Car Insurance In Florida By Vehicle Type

The type of vehicle you drive can also have an impact on the cost of car insurance in Florida. Luxury and sports cars tend to be more expensive to insure due to their higher repair costs and higher risk of being involved in an accident. The average cost of car insurance for a luxury car in Florida is around $2,600 a year, while the average cost of car insurance for a sports car is around $2,400 a year.

Average Cost Of Car Insurance In Florida By Deductible

The deductible you choose can also have an impact on the cost of car insurance in Florida. The higher the deductible you choose, the lower your monthly premium will be. The average cost of car insurance with a $500 deductible is around $1,700 a year, while the average cost of car insurance with a $1,000 deductible is around $1,600 a year.

The Bottom Line

The cost of car insurance in Florida can vary greatly depending on a number of factors, including the age and gender of the driver, the type of vehicle, the driver’s driving record, and the deductible selected. Drivers in Florida can expect to pay an average of $1,800 a year for car insurance, but this can vary depending on the factors listed above.