GITNUX MARKETDATA REPORT 2024
Statistics About The Average Auto Insurance Cost In Florida
The average auto insurance cost in Florida is $1,878 per year, which is higher than the national average.
With sources from: bankrate.com, insure.com, policygenius.com, insurance.com and many more
Sources
In this post, we will explore the various statistics surrounding the average auto insurance cost in Florida. From the premiums paid by young drivers aged 16-19 to the different rates based on age, credit score, location, and driving record, these statistics provide valuable insights into the factors influencing car insurance costs in the Sunshine State. So, let’s dive into the numbers and uncover the trends shaping auto insurance expenses for Florida residents.
Statistic 1
"Young drivers aged 16-19 in Florida pay average premiums of $5,444 per year."
Statistic 2
"The average cost of car insurance in Florida is $2,364 per year."
Statistic 3
"Florida drivers with poor credit pay $3,967 on average annually."
Statistic 4
"The average cost for a 30-year-old driver in Florida is $1,988 annually."
Statistic 5
"Orlando drivers spend an average of $2,739 per year on auto insurance."
Statistic 6
"The average cost for male drivers in Florida is $2,515 annually."
Statistic 7
"Jacksonville residents pay an average of $2,488 per year for auto insurance."
Statistic 8
"Florida drivers with good credit pay $2,112 on average annually."
Statistic 9
"Teen drivers in Florida pay, on average, $7,180 per year for car insurance."
Statistic 10
"The average rate for full coverage auto insurance in Florida is $199 per month."
Statistic 11
"Miami drivers pay an average of $3,216 per year for car insurance."
Statistic 12
"Insurance rates in Tampa average $2,762 per year."
Statistic 13
"The average uninsured motorist coverage premium in Florida is $364 annually."
Statistic 14
"Auto insurance in Florida costs an average of $359 more after a speeding ticket."
Statistic 15
"The average minimum coverage policy costs $997 annually in Florida."
Statistic 16
"Florida ranks 3rd in the country for the highest auto insurance rates."
Statistic 17
"The average rate for senior drivers in Florida is $1,849 annually."
Statistic 18
"Female drivers in Florida have an average insurance cost of $2,212 per year."
Statistic 19
"The average rate for drivers with a clean record in Florida is $2,364 annually."
Statistic 20
"Florida's average car insurance rate is 30% higher than the national average."
Interpretation
In conclusion, the statistics reveal a wide range of average auto insurance costs in Florida, varying based on factors such as age, location, credit score, driving record, and gender. Young drivers aged 16-19 face the highest premiums at $5,444 per year, while 30-year-old drivers pay an average of $1,988 annually. Factors like credit score also play a significant role, with those with poor credit paying $3,967 on average and those with good credit paying $2,112 annually. Location-wise, Miami and Orlando residents tend to have higher insurance costs compared to Jacksonville and Tampa. Overall, Florida's auto insurance rates are notably higher than the national average, highlighting the importance of shopping around and comparing quotes to find the best coverage at the most competitive rates.
Jannik Lindner
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