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Best cheap car insurance in Fort Lauderdale for 2024
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Best cheap car insurance companies in Fort Lauderdale
The best car insurance in Fort Lauderdale doesn’t just rely on the most affordable rates. We analyzed the most current average rates obtained from Quadrant Information Services, but also looked at each company’s policy offerings, third-party ratings for customer satisfaction from J.D. Power and financial strength ratings from AM Best, among other factors, to assign each company a Bankrate Score. The scores range from zero to 5.0, and the closer a company scored to 5.0, the better it fared in each of our categories.
Bankrate Score
Avg. min coverage premium
Min. coverage
Avg. full coverage premium
Full coverage
Why Geico made our list: Geico is a car insurance company known for its affordability and nationwide coverage. Since Florida is home to the biggest snowbird population, nationwide availability allows drivers to insure cars in multiple states with the same carrier. Its digital tools and online chat feature provide an ease of doing business for drivers who prefer to make policy changes on their own. However, local Geico agents are also available throughout Fort Lauderdale and surrounding areas.
Why Geico may have the cheapest minimum coverage car insurance: Based on our analysis of data from Quadrant Information Services, Geico frequently averages the lowest cost for minimum coverage car insurance by a fairly wide margin. In addition, its potential discounts are generous, allowing you to possibly save up to 40 percent for having an airbag, up to 26 percent for five years accident-free and up to 25 percent when you have an anti-theft system or insure multiple cars from the same household. Geico also receives strong financial stability ratings, with an A++ (Superior) rating from AM Best, signaling a history of reliable and prompt claims payments.
| Bankrate Score | 4.4 |
| J.D. Power | 812/1,000 |
| AM Best score | A++ |
Bankrate Score
Avg. min coverage premium
Min. coverage
Avg. full coverage premium
Full coverage
Why Progressive made our list: Based on our analysis of average rate data for full coverage car insurance in Fort Lauderdale, Progressive often offers some of the cheapest average rates along with robust coverage options and helpful online and mobile tools. It also receives an A+ (Superior) rating from AM Best for financial stability. Its excellent coverage options include free coverage for pet injuries, loan/lease gap insurance, rideshare coverage when you drive for Uber or Lyft and a deductible savings bank.
Why Progressive may have the cheapest full coverage car insurance: After reviewing the various carriers available in Fort Lauderdale, we discovered that Progressive averages a significantly lower price for full coverage car insurance. Progressive also offers several potential car insurance discounts to lower your rate even further, which include accident forgiveness, continuous insurance, and its signature Snapshot program with the Name Your Price® Tool.
| Bankrate Score | 4.4 |
| J.D. Power | 801/1,000 |
| AM Best score | A+ |
Bankrate Score
Avg. min coverage premium
Min. coverage
Avg. full coverage premium
Full coverage
Why State Farm made our list: Average car insurance rates with State Farm are middle of the road when compared to other carriers in Fort Lauderdale. However, it has unique offerings such as car rental coverage with travel expenses reimbursement when you purchase optional roadside assistance coverage. And if you have any student drivers in the house, they may earn up to 25 percent off with the good student discount
Why State Farm may be the best for local agents: State Farm has over 130 local agents throughout Florida along with excellent mobile tools for when you need to control your policy on the go. Flexibility in communication can be vital when it is time to submit a claim and having digital access with boots-on-the-ground agents is a strong combination in Florida. State Farm also holds the top spot on J.D. Powers 2023 Auto Insurance Study for Florida.
| Bankrate Score | 4.3 |
| J.D. Power | 833/1,000 |
| AM Best score | A++ |
Bankrate Score
Avg. min coverage premium
Min. coverage
Avg. full coverage premium
Full coverage
Why Allstate made our list: Allstate offers plenty of local agents in Fort Lauderdale to help you customize your policy. It also offers additional coverage options that include sound system insurance, roadside coverage, personal umbrella insurance and rental reimbursement coverage. A financial rating of A+ (Superior) from AM Best also signifies a history of reliable claims processing, which may give you peace of mind when you need to file a car insurance claim.
Why Allstate may be the best for discount opportunities: While Allstate isn’t typically the cheapest option in Florida according to its average rates, it does offer multiple opportunities to save money on your car insurance. For instance, you might save money when you switch to Allstate with its Early Signing Discount, when you buy a new car with the new car discount or make timely payments with the responsible payer discount.
| Bankrate Score | 3.9 |
| J.D. Power | 821/1,000 |
| AM Best score | A+ |
Bankrate Score
Avg. min coverage premium
Min. coverage
Avg. full coverage premium
Full coverage
Why Direct General made our list: Direct General, which is also known as Direct Auto and is a subsidiary of Allstate, tends to have higher average rates than some of the other carriers in the state, but it could be one to consider when you are a high-risk driver who has trouble finding coverage elsewhere. It also offers accident forgiveness and provides potential coverage for all types of insurance histories.
Why Direct General may be the best for high-risk drivers: Direct General offers benefits and coverage options that are more helpful to drivers that fall into the high-risk category, which can include drivers with various moving violations, DUIs or poor credit. With Direct General you can choose your payment due date and have an SR-22 filed on your behalf if it is required. It might also give you up to 25 percent in savings when you are a safe driver or bundle multiple products.
| Bankrate Score | Not rated |
| J.D. Power | |
| AM Best score |
Bankrate's trusted insurance industry expertise
Read our full methodologyInsurance availability changes rapidly in Florida and drivers in Fort Lauderdale deserve to have access to reliable information. Bankrate’s insurance editorial team includes licensed agents with real-world industry experience. Our goal is to help you navigate the world of insurance armed with information from trustworthy sources so that you can make the best financial decisions for your insurance needs.
46
years of industry experience
122
carriers reviewed
34.5K
ZIP codes examined
1.2M
quotes analyzed
The cheapest car insurance companies in Fort Lauderdale
Average auto insurance rates in Fort Lauderdale are considerably higher than other cities in Florida and are currently 16 percent more than the average cost of car insurance in Florida. Fort Lauderdale is a popular tourist destination that rests right on the Atlantic coastline. Hurricane damage from extreme weather and high traffic density play a major role in this city’s higher rates. Here are the carriers with the cheapest car insurance rates for minimal coverage in Fort Lauderdale.
| Insurance company | Average annual min coverage premium | Average annual full coverage premium |
|---|---|---|
|
$1,467
|
$3,045
|
|
|
$1,090
|
$3,485
|
|
|
$1,248
|
$3,560
|
|
|
$1,267
|
$4,402
|
How much is car insurance in Fort Lauderdale, FL?
The average cost of car insurance in Florida is $3,430 for full coverage and $1,048 for minimal coverage per year. Drivers living in Fort Lauderdale pay annual rates of $4,038 and $shortcode1,316 for minimum and full coverage, respectively. Keep in mind that the rate you may pay for car insurance in Fort Lauderdale will depend on multiple factors unique to you, such as your age, prior claim history, vehicle and more.
Fort Lauderdale rates for teens
Teen drivers, also referred to as youthful operators in the insurance industry, are considered high-risk drivers in most states and pay a lot more on average than drivers aged 25 and over. It takes time to learn good driving skills, such as avoiding road hazards and adjusting your driving to accommodate weather conditions. However, teens who remain on their parents’ policy instead of getting their own auto insurance right away can usually save a significant amount of money.
| Insurance company | 16-year-old* | 18-year-old* |
|---|---|---|
|
$2,127
|
$1,880
|
|
|
$2,255
|
$2,006
|
|
|
$2,319
|
$1,895
|
|
|
$2,527
|
$2,005
|
| Insurance company | 16-year-old* | 18-year-old* |
|---|---|---|
|
$5,132
|
$4,468
|
|
|
$6,676
|
$6,065
|
|
|
$6,906
|
$5,735
|
|
|
$7,336
|
$6,049
|
Fort Lauderdale rates for young drivers
As long as they maintain a good driving record, the high car insurance rates Fort Lauderdale teens pay start to decline as they gain more driving experience. When young adults move out on their own, they are usually required by carriers to get a new policy where they are the named policyholder. Car insurance rates for young drivers can still be affordable if they are able to keep discounts like driving training and the good student discount on their policies.
| Insurance company | 20-year-old | 25-year-old |
|---|---|---|
|
$2,029
|
$1,340
|
|
|
$2,282
|
$1,678
|
|
|
$2,438
|
$1,474
|
|
|
$3,036
|
$1,448
|
| Insurance company | 20-year-old | 25-year-old |
|---|---|---|
|
$5,110
|
$3,529
|
|
|
$6,900
|
$4,157
|
|
|
$7,009
|
$4,406
|
|
|
$10,128
|
$5,176
|
Fort Lauderdale rates for adults
After age 25, drivers with a good driving record can move into a standard or preferred risk pool where age doesn’t impact premiums as much. In Florida, age is a rating factor the entire time you are a driver so if drivers within your age group tend to start having more accidents, you could still see an increase. But typically, the older you are, the lower your car insurance rates will be, until you reach the age of 60, when your rates might begin to creep back up.
| Insurance company | 30-year-old | 40-year-old | 50-year-old |
|---|---|---|---|
|
$1,193
|
$1,090
|
$1,033
|
|
|
$1,267
|
$1,267
|
$1,184
|
|
|
$1,310
|
$1,248
|
$1,118
|
|
|
$1,542
|
$1,467
|
$1,324
|
| Insurance company | 30-year-old | 40-year-old | 50-year-old |
|---|---|---|---|
|
$3,170
|
$3,045
|
$2,710
|
|
|
$3,724
|
$3,560
|
$3,256
|
|
|
$3,832
|
$3,485
|
$3,358
|
|
|
$4,393
|
$4,402
|
$4,110
|
Fort Lauderdale rates for senior drivers
Fort Lauderdale, and Florida as a whole, has a high concentration of senior drivers. As we get older, it is natural to have hearing, sight, strength, reaction time and recovery time changes. While seniors can make accommodations for these changes in day-to-day life, at some point aging can impact driving ability. When living on a fixed income, high car insurance rates for seniors can be problematic. Completing a senior defensive driving course and choosing a low-mileage insurance policy could help lower rates.
| Insurance company | 60-year-old | 70-year-old |
|---|---|---|
|
$989
|
$1,006
|
|
|
$1,161
|
$1,187
|
|
|
$1,169
|
$1,244
|
|
|
$1,327
|
$1,398
|
| Insurance company | 60-year-old | 70-year-old |
|---|---|---|
|
$1,327
|
$2,926
|
|
|
$989
|
$3,258
|
|
|
$1,161
|
$3,402
|
|
|
$1,169
|
$4,291
|
The cheapest car insurance in Fort Lauderdale by driving record
Auto insurance rates are rising across the country and Florida has some of the highest average costs in the nation. Driving record is one of the most substantial rating factors for car insurance. For those with moving violations or at-fault accidents, rates are even higher. Bankrate’s insurance editorial team analyzed proprietary data provided by Quadrant Information Services to help you find the cheapest Fort Lauderdale car insurance if you’ve had various driving infractions.
Car insurance with a speeding ticket in Fort Lauderdale
Depending on the situation, drivers who receive speeding tickets in Florida can be fined between $500 and $5,000. Since speeding is one of the primary causes of car crashes, a speeding ticket signals risky driving behavior to insurance companies. The average cost of full coverage car insurance in Fort Lauderdale is $391 per year, which is 18 percent more than the state average of $333 per year. Between state fees and high insurance costs, drivers in Fort Lauderdale will want to know where to start their search to find cheaper car insurance.
| Insurance company | Average min coverage rate | Average full coverage rate |
|---|---|---|
|
$1,267
|
$4,402
|
|
|
$1,482
|
$4,796
|
|
|
$1,579
|
$4,150
|
|
|
$1,855
|
$4,033
|
Car insurance after an accident in Fort Lauderdale
Drowsy driving, speeding and distracted driving are some of the leading causes of car accidents. In Florida, insurance companies can surcharge your policy for up to three years if you are found at fault for a car accident. The average cost of full coverage car insurance after an at-fault accident is $462. This is 18 percent more than the state average cost post accident of $391. To save money during your surcharge period, consider comparing insurance rates from several carriers and review your discount options.
| Insurance company | Average min coverage rate | Average full coverage rate |
|---|---|---|
|
$1,449
|
$4,625
|
|
|
$1,909
|
$4,818
|
|
|
$2,017
|
$6,395
|
|
|
$2,141
|
$4,603
|
Car insurance after a DUI in Fort Lauderdale
Not all insurance companies will write policies for drivers with DUIs due to the higher risk of an accident associated with this infraction. In Florida, It is common for drivers who receive DUIs to need an SR-22 or an FR-44 filing for three to five years after the offense. The average cost of full coverage car insurance in Fort Lauderdale after a DUI infraction is $522 which is 19 percent more than the state’s average of $439. You may want to start with these carriers if you have a DUI conviction on your record and drive in Fort Lauderdale.
| Insurance company | Average min coverage rate | Average full coverage rate |
|---|---|---|
|
$1,640
|
$5,731
|
|
|
$1,667
|
$3,447
|
|
|
$1,732
|
$5,498
|
|
|
$2,297
|
$5,587
|
Minimum coverage requirements in Fort Lauderdale
Florida law states that drivers must carry a minimum of the following car insurance coverage types:
- Property Damage Liability: $10,000
- Personal Injury Protection (PIP): $10,000
These coverage levels are fairly low compared to the minimum amount required in other states, and most insurance experts recommend that you purchase higher levels of coverage along with bodily injury liability (BI) to protect you better financially if you are in a severe accident. While BI is not a requirement in Florida, it can be, depending on your driving record. A driver carrying state minimum coverage that causes an at-fault accident involving bodily injury or death usually requires BI limits of 10/20. Drivers convicted of a DUI are typically required to carry BI limits of 100/300.
Keep in mind, too, that none of the above coverage types will pay for damage to your own vehicle if you cause an accident. For the best financial protection, you may want to consider purchasing full coverage car insurance, which includes comprehensive insurance and collision insurance to cover the cost of repairing your own vehicle after covered incidents.
Frequently asked questions
Methodology
Bankrate utilizes Quadrant Information Services to analyze July 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a single, 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2022 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should only be used for comparative purposes.
Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket and single DUI conviction.
Age: Rates were calculated by evaluating our base profile with the ages 20-70 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations.Teens: Rates were determined by adding a 16- or 18-year-old teen to their 40-year-old married parents' policy. The rates displayed reflect the total cost of a driver this age added to their parents’ policy.
Bankrate Scores
Our Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories.
-
Cost & ratings 50%
-
Coverage & savings 30%
-
Support 20%
Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlight where they fall short.
