The best cheap car insurance in Fort Lauderdale

If you are looking for the best cheap auto insurance companies in Fort Lauderdale, our research suggests you may want to consider getting quotes from Geico, State Farm and Allstate. The average cost of auto insurance in Fort Lauderdale in 2023 is $1,152 per year for minimum liability coverage, or $96 per month; and $3,197 per year for comprehensive coverage, or $266 per month. But the editors of Finwower have discovered companies that may offer you a better rate, depending on your situation.

Best cheap car insurance companies in Fort Lauderdale

The best car insurance companies in Fort Lauderdale with the cheapest rates are State Farm, Geico, Allstate, Progressive and Direct General. We analyzed the average rates for 2023 obtained from Quadrant Information Services and also looked at each company's offerings, customer satisfaction scores from J.D. Power, and financial strength scores from AM Best, among other factors, to assign each company a score of Finwower. The scores range from zero to 5.0, and the closer a company's score is to 5.0, the better it performs in each of our categories.

Here is our selection of the best auto insurance companies in Fort Lauderdale.

State Farm

State Farm offers car rental coverage with travel reimbursement when optional roadside assistance coverage is purchased. It is also the highest rated company in terms of financial stability, with an A++ rating (the best) by AM Best. In addition, excellent mobile tools are available to check your policy while on the road. To save money, check out possible discounts, including Drive Safe & Save and Steer Clear®.

If students drive home, they can get up to 25 percent off with the student discount, while auto and home insurance packages can save up to 25 percent off total premiums. Although State Farm scores well in J.D. Power's customer satisfaction rankings, the company has an above-average number of complaints in the National Association of Insurance Commissioners (NAIC) complaints index. Therefore, it is advisable to talk to relatives and friends who use the company to learn about their experience handling complaints with State Farm.

Geico

Geico is an auto insurance company known for its affordable rates. Its potential discounts are generous: you can save up to 40 percent if you have an airbag, up to 26 percent if you have had no accidents in the past five years, and up to 25 percent if you have an anti-theft system or insure multiple cars in the same household.

Geico also enjoys good financial stability, with an A++ (Superior) rating from AM Best, demonstrating a history of reliable and timely claims payments. If you need additional coverage, you can consider emergency roadside assistance and rent reimbursement options. If you want to customize your policy, Geico may not be the best choice, as it offers fewer underwriting options than the other companies reviewed.

Allstate

Allstate offers many local agents to help you customize your policy. It also offers additional coverage options, including sound system insurance, road insurance, personal umbrella insurance, and rent reimbursement insurance. AM Best's A+ (Superior) financial rating also means the company has a reliable claims track record, which can give you peace of mind when you need to make a car insurance claim.

You could save money with Allstate's discounts and programs for new cars, such as Allstate eSmart®, the FullPay® discount, and the Safe Driving Club. Note that not all of the discounts and benefits listed may be available to Florida drivers. Ask your insurance agent what Allstate discounts are available to you in Fort Lauderdale.

Progressive

Progressive may be a good choice for Florida drivers looking for a company that offers useful online and mobile tools. It is also rated A+ (best) by AM Best for financial stability. Coverage options are excellent and include free coverage for pet accidents, supplemental insurance for loans and rentals, coverage for rideshare when driving for Uber or Lyft, and a savings account for deductibles.

Progressive also offers several potential discounts for auto insurance, including accident forgiveness, continuous coverage, and Snapshot with Name Your Price®. However, Progressive may need to work on its customer experience: it ranked last for customer satisfaction in Florida in J.D. Power's 2022 U.S. Auto Insurance Study.

Direct General

Direct General may not be as well-known as other providers, but it is a company to consider if you are a high-risk driver struggling to find coverage elsewhere. It also offers accident forgiveness and coverage for all types of insurance history. Direct General also allows you to choose your payment terms, including date and amount. It can also save you up to 25% if you are a safe driver or if you combine multiple products.

Claims service and roadside assistance are available 24/7, and SR-22 insurance is available. Direct General does not have a solid website like State Farm, and its mobile apps are not widely used.

How can I get and keep the cheapest car insurance in Fort Lauderdale?

Getting the cheapest car insurance in Fort Lauderdale doesn't have to be difficult, but maintaining a great rate over the years can take a little more effort. Here are some tips on how to get and keep the lowest rates:

• Shop around: to find low-cost auto insurance companies, it is helpful to get several quotes, rather than choosing the first company you come across. Four or five quotes for the same types and limits of coverage will help you choose the cheapest company and determine whether other factors, such as good customer service, are important to you.
• Review your policy regularly: the cheapest auto insurance companies may change from year to year. It is a good idea to check your policy each year to see if you qualify for new discounts or if the types of coverage or amounts still meet your needs. At this point, take the time to request a few new quotes to see if any of them offer you a better rate.

Frequently asked questions

What is the best car insurance company?

Most of the cheapest car insurance companies in Fort Lauderdale are also among the best car insurance companies in the United States. Ultimately, the best car insurance company for you will depend on the coverage you need for your vehicle and the factors that are most important to you in an insurance policy.

How much does car insurance cost?

National averages are $2,014 for full coverage and $622 for minimum coverage. The average auto policy in Fort Lauderdale costs $1,442 per year for minimum coverage and $2,973 per year for comprehensive coverage. These rates are quite comparable to Florida's state averages of $1,128 for minimum coverage and $3,183 for comprehensive coverage. However, the cost of auto insurance in Florida depends on several factors, including age, gender, credit-based insurance score, and claims history.

How much car insurance do I need in Fort Lauderdale?

Florida law requires drivers to carry auto insurance of at least $10,000 for property damage and $10,000 for bodily injury. These rates are relatively low compared to other states, and most insurance experts recommend purchasing higher levels of coverage to be financially protected in the event of a serious accident.

Written by

Irene Scott

Insurance

I’ve worked for more than 5 years as a Credit Analyst and more than 4 years as an Internal Auditor for one of the leading global financial institutions. I have been exposed to the credit review process, various banking products, financial security topics, corporate governance, operational risk, and the internal control framework of a complex, multinational organization.

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