Florida ranks as the state with the third-highest car insurance rates in the nation. To find out how much factors such as location, age and gender affected costs, we studied costs across more than 100 locations in Florida.
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Least Expensive Places
As a group, the five least expensive locations out of 128 tended to cost 21% less than the typical city in the state. They were generally less populated locales in Florida, with fewer than 25,000 residents. They were also mostly clustered in the northwest of Florida in the panhandle area, close to the coast. Gainesville was the one exception in this group in terms of both a larger population and a central location in the state.
Most Expensive Places
Despite ranking with the third highest auto insurance costs in America, our sample residents in these five cities saw annual outlays that were 51%—in some cases $1,000—higher than their typical in-state neighbor. Most of them were clustered in the Miami-Dade county. Some were cities with larger populations, numbering more than 230,000 people. They tended to have higher density per square mile, which typically increase the likelihood of accidents, and therefore higher costs.
To evaluate how much different demographic factors impacted customers’ costs, we compared rates for our baseline 30-year-old single man to counterparts that were married, female or 65 and older. For this subset, we studied auto insurance rates in 10 of the most populated cities in Florida, from Jacksonville to Fort Lauderdale.
For the estimated 20% of the population in Florida over the age of 65: Our results showed that growing older (up to a certain point) reduced costs. Our profiled senior citizens saw rates that were 5% less than their counterpart that was 30 years younger. This translates roughly into a $100 reduction in costs over a one-year period.
By changing his marital status from single to married, our profiled man saw a 5% reduction, about $88 per year, in costs in our study. Insurers tend to view married drivers more favorably, as they’re believed to be more responsible on the road. While roughly on par with the age reduction, being 65 was a stronger savings signal than being married.
On the other hand, we found that being female meant higher auto insurance costs in Florida. By changing the gender variable from male to female, our team saw rates increasing 4%, or about $80 per year for our 30-year-old Floridian. In general, costs for female drivers across the U.S. tend to be lower than males in the teenage years and gradually increase until they are slightly greater than those of males after their mid-20s.
The table below lists the 128 cities and towns studied from Altamonte Springs to Winter Springs. We’ve also displayed the average annual rate we obtained and the difference compared to the Florida mean of $1,589 for this subset of cities. Ranks are in ascending order, so No. 1 is the least expensive. Several cities tied with similar rates, and rankings were adjusted accordingly.
|Rank||City or Town||Average Annual Rate||% Different from FL Average|
|1||Santa Rosa Beach||$1,222||-23%|
|3 (tie)||Fort Walton Beach||$1,267||-20%|
|6 (tie)||Coral Gables||$1,301||-18%|
|10 (tie)||Port Saint Joe||$1,330||-16%|
|19 (tie)||Port Charlotte||$1,363||-14%|
|19 (tie)||Marco Island||$1,363||-14%|
|21 (tie)||Bonita Springs||$1,366||-14%|
|21 (tie)||Lady Lake||$1,366||-14%|
|21 (tie)||Lake City||$1,366||-14%|
|25 (tie)||Ponte Vedra Beach||$1,373||-14%|
|25 (tie)||Saint Johns||$1,373||-14%|
|32 (tie)||Ormond Beach||$1,392||-12%|
|32 (tie)||Satellite Beach||$1,392||-12%|
|44 (tie)||Crystal River||$1,426||-10%|
|51 (tie)||Daytona Beach||$1,442||-9%|
|54 (tie)||North Fort Myers||$1,445||-9%|
|60 (tie)||Vero Beach||$1,464||-8%|
|66 (tie)||Altamonte Springs||$1,483||-7%|
|74 (tie)||Orange Park||$1,519||-4%|
|77 (tie)||Winter Garden||$1,526||-4%|
|84 (tie)||Key West||$1,572||-1%|
|86||Port Saint Lucie||$1,577||-1%|
|87 (tie)||Palm City||$1,598||1%|
|95||Palm Beach Gardens||$1,687||6%|
|103 (tie)||New Port Richey||$1,814||14%|
|103 (tie)||Port Richey||$1,814||14%|
|115||West Palm Beach||$2,047||29%|
|117||North Miami Beach||$2,076||31%|
|125 (tie)||Opa Locka||$2,354||48%|
We selected a list of 128 locations representing a mixture of small towns and the most populated cities. Next, we obtained quotes across five of the largest companies and online insurers, including State Farm, Esurance, GEICO, Progressive and Allstate, for our profiled driver.
For this study, we picked a 30-year-old man as our sample driver. He had an excellent credit score and driving history, with no DUIs or accidents in the past three years. Our sample car was the popular Honda Civic. We sought liability coverage limits of $50,000 per person and $100,000 max per accident.
Data presented in the study are for informational purposes only. Your rates will not match the costs here, as quotes are highly tailored to each driver.