Which insurance company has lowest prices?

According to Bankrate research and analysis, Progressive, Geico, and State Farm offer some of the cheapest car insurance rates in Florida. State Farm is a well-known insurance provider, and many Miami drivers trust the company for their insurance needs. The average cost of car insurance in Florida has historically been among the most expensive in the country, according to NerdWallet analysis. Florida drivers who have received a speeding ticket could expect to pay more for fares for sure.

Plus, if you're driving for companies like Uber or Lyft, you can get rideshare insurance for additional coverage. Many auto insurance companies offer discounts to help their policyholders take advantage of savings on Florida auto insurance. Mark Friedlander is director of corporate communications for III, a nonprofit organization focused on providing consumers with a better understanding of insurance. Some insurance companies may have taken this recent wave of closures as a sign that it was time to leave the market and avoid a similar fate.

In the table below, you'll see the cheapest auto insurance companies in Florida for those who have had a guilty accident in their history, and Geico and State Farm have the lowest average rates. With a high average cost of car insurance, these tips can help you get and keep the cheapest car insurance in Miami. Young drivers tend to pay more for car insurance coverage and, in 2024, they'll be able to find the best rates with State Farm and Geico, according to research conducted by the MarketWatch Guides team. Because auto insurance companies in Florida use a credit-based insurance rating to price policies, drivers can get a better rate if they keep their high credit rating.

Driving a car without insurance is illegal in Florida, and the state has severe penalties for doing so. In most states, drivers who are injured in a car accident caused by another person will seek reimbursement from the at-fault driver's insurance company. When you go shopping, ask for quotes from several insurance companies so you can compare who offers you the best premium rate. In Florida, the cheapest insurers for full coverage are Progressive and Geico, which have average rates well below state average.

Elizabeth Unch
Elizabeth Unch

Amateur social media expert. Extreme pop culture lover. Proud coffee lover. Certified coffeeaholic. Lifelong food ninja. Hipster-friendly food specialist.