Average Car Insurance Cost Florida

What Is The Average Cost Of Car Insurance In Florida?

The average cost of car insurance in Florida is about $1,734. This number, however, is just an estimate and does not take into account the various factors that can affect the cost of insurance. Factors such as age, driving record, credit score, and the type of car you drive can all influence the cost of auto insurance.

For example, a driver with a clean driving record and good credit score will typically pay less than someone with a poor driving record and less-than-perfect credit score. Similarly, a young driver will typically pay more than an older driver, as they pose a greater risk to insurance companies.

What Are The Different Types Of Car Insurance In Florida?

In Florida, there are four different types of car insurance coverage that are required for all drivers. These are bodily injury liability, property damage liability, personal injury protection, and uninsured motorist coverage.

Bodily injury liability covers expenses related to injuries you cause to other drivers and passengers in an accident. Property damage liability covers expenses related to any damage you cause to another person’s property in an accident.

Personal injury protection covers medical expenses for you and your passengers in the event of an accident, regardless of who is at fault. Uninsured motorist coverage protects you in the event that another driver does not have insurance, and you suffer an injury or property damage as a result.

How Much Does Each Type Of Car Insurance Cost In Florida?

The cost of each type of car insurance in Florida varies, but the state requires a minimum amount of coverage. Bodily injury liability must be at least $10,000 per person and $20,000 per accident. Property damage liability must be at least $10,000 per accident. Personal injury protection must be at least $10,000 per accident. Uninsured motorist coverage must be at least $10,000 per person and $20,000 per accident.

In addition to the required coverage, drivers can also choose to purchase additional coverage, such as collision coverage, comprehensive coverage, rental reimbursement, and towing and labor coverage. The cost of each type of coverage will depend on the type of coverage and the amount of coverage you choose to purchase.

How Can I Find The Cheapest Car Insurance In Florida?

Finding the cheapest car insurance in Florida can be a challenge, as there are many factors that can affect the cost of insurance. The best way to find the cheapest car insurance is to shop around and compare quotes from different insurance companies.

When shopping around, make sure to compare the same coverage levels, deductible amounts, and policy limits. You should also consider discounts offered by insurance companies, such as discounts for safe drivers and good students.

What Are The Penalties For Driving Without Insurance In Florida?

Driving without insurance in Florida is a serious offense and can result in stiff penalties. The penalties for driving without insurance in Florida include a fine of up to $500, suspension of your driver’s license, and a reinstatement fee of up to $150. The penalties increase with subsequent offenses.

In addition to the potential penalties, driving without insurance can also put you at risk of serious financial losses if you are involved in an accident. Without insurance, you could be held financially responsible for any damage you cause to another person’s property or injuries you cause to another person.

Conclusion

The average cost of car insurance in Florida is about $1,734, but the cost can vary depending on factors such as age, driving record, credit score, and the type of car you drive. All drivers in Florida are required to carry a minimum amount of coverage for bodily injury liability, property damage liability, personal injury protection, and uninsured motorist coverage.

The best way to find the cheapest car insurance in Florida is to shop around and compare quotes from different insurance companies. It is also important to be aware of the penalties for driving without insurance in Florida, which can include fines, license suspension, and reinstatement fees.