Auto Insurance in Florida
The average car insurance cost in Florida is $2,762 per year for full coverage. Florida requires minimum liability coverage of 10/20/10. The state's uninsured driver rate is 12.4%, which is above the national average of 12.6%.
Top auto insurers in Florida: State Farm, GEICO, Progressive. We recommend comparing quotes from at least 5 companies, as rates can vary by 50% or more between insurers for the same driver profile.
Home Insurance in Florida
Homeowners insurance in Florida averages $4,231 per year for $300,000 in dwelling coverage. This is above the national average of $1,820/year. Rates are influenced by natural disaster risk, construction costs, and local claim frequency in the South region.
Health Insurance in Florida
The average individual health insurance premium in Florida is approximately $590/month before subsidies through the ACA marketplace. Many Florida residents qualify for premium tax credits that reduce this cost to $50-$200/month.
Minimum Insurance Requirements
Florida requires all drivers to carry minimum liability insurance of 10/20/10. This means: $10,000 per person for bodily injury, $20,000 per accident total for bodily injury, and $10,000 for property damage per accident. While these minimums are legally sufficient, most financial advisors recommend 100/300/100 coverage.
Top Insurance Companies in Florida
The largest and most popular insurance companies in Florida include:
- State Farm — Market leader in Florida
- GEICO — Competitive rates and strong service
- Progressive — Popular choice with good coverage options