Automobile

Fort Lauderdale, Florida Car Insurance: What You Need to Know

Like most states, Florida requires all drivers, including those who live in Fort Lauderdale, to carry car insurance to operate a motor vehicle on the state roadways. Fort Lauderdale, Florida, car insurance rates can vary from one driver to the next depending on factors like driver history and choice of insurance provider.

Florida Insurance Requirements

Florida law mandates that all drivers carry a minimum amount of personal injury protection and property damage liability insurance. According to Insurify, if you live in Fort Lauderdale and you’re purchasing a car insurance policy, it must include the following:

  • $10,000 in personal injury protection
  • $10,000 in property damage liability

    As Insurify points out, personal injury protection and property damage liability cover legal fees in addition to medical care and property damage.

    The Zebra notes that Fort Lauderdale drivers pay, on average, $2786 a year for car insurance. That’s more than the statewide average of $2309 a year and higher than the annual nationwide average of $1548. Fort Lauderdale has a higher population than many other parts of Florida, putting Fort Lauderdale drivers at a higher risk for accidents.

    What Factors Affect a Fort Lauderdale Driver’s Insurance Rates?

    When you purchase a car insurance policy, you could end up paying more or less than the average Fort Lauderdale driver. That’s because insurance providers factor in a driver’s personal details when calculating rates. According to The Zebra, an insurance company will typically factor in the following:

    • Your Age: Teen drivers in Fort Lauderdale pay more for car insurance than any other age group in the city. In fact, they pay $4428 more a year for car insurance than drivers in their 20s. If you’re a teen driver, you can expect to see your rates decrease as you get older. That’s because insurance companies view older drivers as more responsible and less of a risk to insure.
    • Your Gender: If you’re a female driver in Fort Lauderdale, be prepared to pay up to $66 more a year than a male driver who lives in Fort Lauderdale.
    • Your Marital Status: Industry information shows that married drivers are less likely to file car insurance claims. Providers reward this tendency by charging married drivers lower rates. Married drivers in Fort Lauderdale can save up to $110 a year on car insurance.
    • Your Driving Record: You can really minimize your car insurance rates by maintaining a clean driving record. Speeding tickets, at-fault accidents, and DUIs are all common reasons for your insurance company to raise your rates. You should also keep in mind that if you have too many violations on your record, your provider may choose not to renew your policy.
    • Your Credit Score: Your credit score also significantly impacts your insurance rates because the industry correlates credit scores with driver reliability and responsibility. The lower your credit score, the more you’ll pay for car insurance. If you’re a Fort Lauderdale driver who moves up from the “Very Poor” tier to the “Fair” tier, you can save up to $2152 a year on your premiums. Moving from the “Very Poor” tier to an “Exceptional” rating can save you up to 60 percent.
    • Your Location: Insurance companies look at how many auto thefts and acts of vandalism take place in each Fort Lauderdale ZIP code. If you live in a ZIP code with higher numbers of theft, vandalism, and uninsured drivers, you’ll pay higher rates because you’re more of a risk to insure.
    • Your Vehicle: If you drive a luxury vehicle, your repair costs are higher than someone who drives an economy car. Your insurance provider will charge you higher premiums to cover those higher costs.
    • Your Commute to Work: If you spend a lot of time driving from your home to your workplace, you’re more likely to get into an accident than someone with a short commute. That greater risk means you’ll pay higher rates.
    • Your Coverage and Deductibles: If you have comprehensive and collision coverage on your policy, you’ll pay more than someone who has minimum coverage. You can lower your premiums if you’re willing to pay higher comprehensive and collision deductibles. Just make sure you’re able to pay more out of pocket if you ever have to make a claim.

      Comparing Car Insurance Quotes for Fort Lauderdale Drivers

      Shopping around for quotes from different providers can help you save money because each insurance company has its own formula that it uses to calculate rates. That means prices vary from one company to the next. CarInsurance.org gathered quotes from various providers to find the most affordable rates for different groups of drivers. If you have a clean driving record and live in Fort Lauderdale, here’s what you can expect to pay, on average:

      • USAA: $2836.36 a year
      • State Farm: $3761.24 a year
      • GEICO: $3444.41 a year
      • Nationwide: $4803.02 a year
      • Progressive: $5106.93 a year
      • Liberty Mutual: $5151.35 a year
      • Allstate: $7646.64 a year

        If you have a recent speeding ticket on your record, here are your most affordable options:

        • USAA: $2974.82 a year
        • State Farm: $4119.09 a year
        • GEICO: $5435.49 a year
        • Nationwide: $5390.14 a year
        • Progressive: $6939.39 a year
        • Liberty Mutual: $7088.61 a year
        • Allstate: $8493.58 a year

          CarInsurance.org also analyzed rates for drivers with a recent accident on their records. Here’s what you can expect to pay if you live in Fort Lauderdale and were recently involved in an accident:

          • USAA: $3507.21 a year
          • State Farm: $4477.00 a year
          • GEICO: $4424.90 a year
          • Nationwide: $5327.86 a year
          • Progressive: $7670.98 a year
          • Liberty Mutual: $6733.39 a year
          • Allstate: $9179.09 a year

            If you have a recent DUI on your record, you can expect to pay even higher rates. Here are the quotes CarInsurance.org gathered for Fort Lauderdale drivers with a recent DUI:

            • USAA: $5195.45 a year
            • State Farm: $4119.09 a year
            • GEICO: $6642,20 a year
            • Nationwide: $7206.86 a year
            • Progressive: $6426.18 a year
            • Liberty Mutual: $9836.03 a year
            • Allstate: $10,187.46 a year

              Check this out if you need additional information, resources, or guidance on car insurance.

              Sources:

              Cheap Auto Insurance Quotes in Fort Lauderdale, FL (2021) | insurify.com

              Fort Lauderdale, FL Car Insurance | thezebra.com

              Fort Lauderdale, FL Car Insurance Guide | carinsurance.org

              Best Car Insurance in Florida | caranddriver.com

              Florida Car Insurance Laws: Everything You Need to Know | caranddriver.com

              Car Insurance | caranddriver.com

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