Car Insurance Discounts for Florida Drivers
Your job, the organizations you belong to, and your alma mater can all qualify you for car insurance discounts in Florida.
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In Florida, the average monthly cost of full-coverage car insurance is $209, while liability-only coverage costs $155 per month. But if you’re looking for ways to lower your car insurance costs, discounts are a good way to do that.
Many discounts are widely available, while others may be particularly relevant to Florida drivers. For example, you may qualify for a car insurance discount based on where you attended school or where you work.
Let’s look at the best car insurance discounts for Florida drivers and how you can save money on car insurance.
Car insurance discounts for Florida drivers
Unlike general car insurance discounts, which are available to nearly everyone, certain discounts cater to Florida drivers. For example, you could earn a discount for attending a Florida university or becoming a member of a certain Florida-based credit union.
You may qualify for a discount just for being a member of certain organizations or associations. Here are some membership discounts you may be able to take advantage of:
AARP: Over 36% of Florida’s population is older than 50, which qualifies them for AARP membership. AARP partners with The Hartford to offer its members car insurance discounts. As an AARP member, you’ll receive an initial discount of 10% and could earn additional discounts.
Credit unions: Many credit unions partner with insurance companies to offer discounted rates to their members. For example, VyStar Credit Union, located largely in the Jackson area, offers discounts through its insurance partnerships.
Mature driver course: If you’re older than 55 and take a driving course that the Florida Department of Highway Safety and Motor Vehicles approves, you’ll receive a car insurance discount.
Some auto insurance companies offer alumni discounts to graduates of certain universities. Here are three alumni discounts available for graduates of well-known Florida colleges:
Florida State University (FSU): FSU alumni may be able to earn an alumni discount through the university’s partnership with Liberty Mutual.
University of Tampa: The University of Tampa offers car insurance discounts to alumni through its partnership with AMBA.
Florida Gulf Coast University: Liberty Mutual offers FGCU alumni a 10% discount on auto and home insurance.
Here are some occupational discounts available to Florida residents:
Accountants: Currently, more than 36,000 certified public accountants (CPAs) and over 5,000 CPA firms are licensed to practice in Florida. If you’re currently working as an accountant, the American Institute of Certified Public Accountants offers car insurance discounts through Liberty Mutual.
Military members: Florida has a significant number of active-duty personnel and over 12,000 members of the Florida National Guard. The state also has the third-largest veteran population in the country. GEICO and Liberty Mutual offer discounts to active-duty military members and veterans.
Nurses: Florida is also home to more than 326,000 registered nurses. Liberty Mutual partners with the American Nurses Association to offer car insurance discounts to all nurses.
Car insurance discounts available to all drivers
Some discounts are broadly available to the majority of drivers, and all you need to do to find and take advantage of these discounts is to ask. Let’s look at some common insurance discounts, how much you could save, and who qualifies for them.
Driver-specific discounts
Driver-specific discounts are for people who display certain behaviors, like maintaining good grades or maintaining a low annual mileage.
The exact discount you receive will vary depending on your circumstances and insurer, but the following table outlines the average savings based on Insurify data.
Vehicle-specific discounts
Vehicle-specific discounts reward drivers for having specific features in their cars. This discount typically rewards drivers for features that make their vehicles safer, like anti-lock brakes and anti-theft devices.
Policy and insurer-specific discounts
Insurance companies also offer car insurance discounts based on specific types of policies and coverages. For example, you can earn a discount for bundling several types of insurance policies together or for paying your policy in full.
Cheapest insurers for Florida drivers
Drivers pay an average monthly cost of $182 for auto insurance in Florida. According to a recent Insurify report, that makes it the third-highest state for car insurance costs in the country. Florida’s car insurance costs also surpass the national average.
The above-average costs are largely due to Florida’s large number of natural disasters. Fortunately, Florida drivers can still save money by shopping around. Let’s look at the cheapest insurers in the state.
How to find cheap car insurance in Florida
Florida may have higher-than-average car insurance costs, but you can do several things to save money. Here are five ways you can reduce your car insurance costs in Florida:1
How much car insurance do you need in Florida?
All Florida drivers are required to show proof of insurance before registering their vehicles. Here are the minimum car insurance requirements:2
Personal injury protection (PIP): $10,000
Property damage liability: $10,000
Florida’s minimum insurance requirements are very low, and most experts recommend purchasing more auto insurance than this. For example, you may also want to purchase bodily injury liability and uninsured motorist coverage.
Plus, Florida is a no-fault state, which means your insurance company must cover your medical expenses and property damage, regardless of who causes the accident.3
Car insurance discounts in Florida FAQs
The average cost of car insurance in Florida is higher than most other states, but you still have many ways to find cheap insurance. Here’s some additional information about finding discounts and saving money on car insurance.
Which company has the cheapest full-coverage rates in Florida?
Hugo offers the lowest rates for liability-only car insurance in Florida, with monthly liability rates of $91. But your exact rates will vary depending on factors such as your driving history, location, and policy.
What’s the minimum required coverage in Florida?
All Florida drivers must carry at least $10,000 in personal injury protection and property damage liability coverage. But most insurance experts recommend purchasing more than the minimum coverage requirements. It’s a good idea to talk to your insurance agent about how much coverage you need.
How can you lower your car insurance rates in Florida?
You can lower your car insurance rates in Florida by taking advantage of discounts, increasing your deductible, and reducing coverage on older vehicles. You can also save money by shopping around and comparing car insurance quotes from various insurers.
How can you get a discount on car insurance in Florida?
You can take advantage of discounts that are available to everyone, like bundling your home and auto insurance or paying for your policy in full. You may also be able to find car insurance discounts based on your employment, the organizations you belong to, or even the college you attended.
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