If you’re in search of affordable auto insurance providers in Fort Lauderdale, our investigation indicates that obtaining quotes from Geico, State Farm, and Allstate could be a prudent choice.
In 2023, the typical annual expense for minimum liability coverage in Fort Lauderdale is $1,152, equivalent to $96 per month.
For comprehensive coverage, the average annual cost is $3,197, translating to a monthly payment of $266.
However, Bankrate’s insurance editorial team has identified companies that might provide more budget-friendly rates based on your individual situation.
Top Affordable Auto Insurance in Fort Lauderdale
For budget-friendly car insurance, check out State Farm, Geico, Allstate, Progressive, and Direct General.
We considered 2023 average rates, policy offerings, J.D. Power customer satisfaction ratings, AM Best financial strength ratings, and assigned Bankrate Scores (0 to 5.0) for a quick comparison.
Here are our picks for affordable car insurance in Fort Lauderdale.
Insurance Company | Bankrate Score | J.D. Power Score (Florida) | Avg. Annual Premium (Full Coverage) | Avg. Annual Premium (Minimum Coverage)
- State Farm | 4.2 | 840/1,000 | $2,357 | $904
- Geico | 4.4 | 833/1,000 | $2,488 | $790
- Allstate | 4.2 | 849/1,000 | $3,072 | $1,117
- Progressive | 3.8 | 810/1,000 | $3,165 | $1,449
- Direct General | 3.5 | Not rated | $4,590 | $1,497
Cheapest car insurance companies in Fort Lauderdale
The determination of your insurance cost is significantly influenced by the insurance company you select.
To ensure that you secure the most favorable rate, it is advisable to explore various options.
In Fort Lauderdale, the following companies are identified as having the most affordable car insurance rates, based on the average rates for a 35-year-old driver with good credit and a clean driving record, according to the latest analysis by NerdWallet.
Keep in mind that rates are personalized, so the companies listed here may not necessarily offer the most economical options for your specific circumstances.
| Company | Rate | NerdWallet Rating |
|---|---|---|
| Geico | $2,251 | 5.0 |
| State Farm | $2,890 | 5.0 |
| Travelers | $3,032 | 5.0 |
| Nationwide | $4,292 | 4.5 |
| Progressive | $4,540 | 4.5 |
| Corebridge Financial | $4,746 | 3.0 |
| Allstate | $5,934 | 4.5 |
| Direct Auto Insurance | $6,797 | 3.5 |
| Bristol West | $7,623 | 2.5 |
| Mercury | $12,060 | 4.0 |
It’s crucial to recognize that these rankings are based on specific criteria and may not align with the most cost-effective choices for every individual.
The average cost of car insurance in Fort Lauderdale
Florida can vary due to several factors. Rates are influenced by factors such as the frequency of accidents, the nature of the roads, and even the local weather conditions.
NerdWallet’s latest analysis reveals that the average car insurance rate in Florida is $3,797, whereas in Fort Lauderdale specifically, the average rate is $4,659.
| Average City Rate | Average State Rate |
|---|---|
| $4,659 | $3,797 |
The typical expense of auto insurance in the most significant ZIP codes of Fort Lauderdale
The expense of car insurance can vary significantly depending on your location, even within different neighborhoods of the same city.
Certain areas may experience higher rates of accidents or thefts, influencing the overall cost of insurance.
According to NerdWallet’s assessment, the following are the largest ZIP codes in Fort Lauderdale, along with the average annual cost of car insurance for a 35-year-old driver with good credit and a clean driving record.
| ZIP Code | Average Rate |
|---|---|
| 33311 | $4,988 |
| 33313 | $5,124 |
| 33319 | $4,815 |
| 33312 | $4,694 |
| 33321 | $5,069 |
| 33324 | $4,622 |
| 33322 | $4,772 |
| 33309 | $4,793 |
| 33317 | $4,584 |
| 33351 | $4,721 |
This breakdown illustrates how the average annual cost of car insurance can vary across Fort Lauderdale’s largest ZIP codes.
Cheap Car Insurance in Fort Lauderdale Across Age Groups
Your age, in addition to your location, significantly influences the cost of car insurance.
Typically, younger drivers incur higher insurance costs compared to older drivers with similar driving histories and credit scores, primarily due to their limited experience on the road.
As you age, you may notice changes in the most affordable insurance options for you.
The following presents a breakdown of insurance prices in Fort Lauderdale for drivers of various ages with similar profiles, based on NerdWallet’s latest analysis.
Cheapest for 20-year-olds:
While teen drivers are statistically more prone to accidents, 20-year-old drivers are still relatively new to the road.
The increased likelihood of accidents among younger drivers translates to higher insurance premiums. According to NerdWallet’s recent analysis, here’s the average cost for 20-year-olds in Fort Lauderdale.
| Company | Rate | NerdWallet Rating |
|---|---|---|
| Geico | $5,254 | 5.0 |
| State Farm | $7,021 | 5.0 |
| Progressive | $7,816 | 4.5 |
| Corebridge Financial | $7,862 | 3.0 |
| Nationwide | $8,230 | 4.5 |
| Travelers | $8,503 | 5.0 |
| Direct Auto Insurance | $11,673 | 3.5 |
| Allstate | $12,743 | 4.5 |
| Bristol West | $13,864 | 2.5 |
| Mercury | $21,447 | 4.0 |
These figures provide insights into the competitive landscape of car insurance for 20-year-olds in Fort Lauderdale, aiding in making informed decisions based on rates and NerdWallet ratings.
Most Affordable Options for 35-Year-Olds in Fort Lauderdale
By the age of 35, your car insurance rates are expected to stabilize.
This milestone marks an opportune time to reassess rates, as the insurer that offered the best deal in your 20s may no longer be the most economical choice.
Here’s an overview of what 35-year-old drivers might encounter, on average, in terms of car insurance rates in Fort Lauderdale, based on NerdWallet’s analysis:
| Company | Rate | NerdWallet Rating |
|---|---|---|
| Geico | $2,251 | 5.0 |
| State Farm | $2,890 | 5.0 |
| Travelers | $3,032 | 5.0 |
| Nationwide | $4,292 | 4.5 |
| Progressive | $4,540 | 4.5 |
| Corebridge Financial | $4,746 | 3.0 |
| Allstate | $5,934 | 4.5 |
| Direct Auto Insurance | $6,797 | 3.5 |
| Bristol West | $7,623 | 2.5 |
| Mercury | $12,060 | 4.0 |
Also read: Cheap SR22 Insurance Missouri
This breakdown aids 35-year-olds in Fort Lauderdale in making informed choices, considering both rates and NerdWallet ratings.
Most Economical for 60-Year-Olds in Fort Lauderdale
Upon reaching the age of 60, car insurance rates typically reach their lowest point, assuming a clean driving history.
With extensive road experience and established driving records, most drivers in this age group are rewarded with lower premiums.
While significant savings can be achieved through bundling or other discounts, it’s advisable to continue exploring options.
Below are the most budget-friendly companies, on average, in Fort Lauderdale for 60-year-olds, according to NerdWallet’s recent analysis:
| Company | Rate | NerdWallet Rating |
|---|---|---|
| Geico | $2,061 | 5.0 |
| Travelers | $2,524 | 5.0 |
| State Farm | $2,560 | 5.0 |
| Nationwide | $3,698 | 4.5 |
| Progressive | $3,957 | 4.5 |
| Corebridge Financial | $4,331 | 3.0 |
| Allstate | $5,040 | 4.5 |
| Direct Auto Insurance | $6,042 | 3.5 |
| Bristol West | $6,808 | 2.5 |
| Mercury | $9,841 | 4.0 |
This information guides 60-year-olds in Fort Lauderdale in selecting the most cost-effective insurance options while considering both rates and NerdWallet ratings.
Fort Lauderdale’s Most Affordable Companies and Rates Based on Driving Record
Your driving history significantly influences your auto insurance rate.
Typically, drivers with clean records pay lower premiums compared to those with accidents, speeding tickets, or other violations.
Once again, comparing insurance companies remains the most effective strategy for securing the most economical rate.
NerdWallet’s analysis provides insight into the average rates in Fort Lauderdale, categorized by company, for both good drivers and those with violations on their records.
Good Drivers:
Individuals without any marks on their driving records generally enjoy the lowest prices for auto insurance.
Insurers determine rates based on the perceived risk of a claim being filed, and good drivers are deemed among the least risky.
The following represents the average rates for good drivers in Fort Lauderdale, as per NerdWallet’s most recent analysis.
| Company | Rate | NerdWallet Rating |
|---|---|---|
| Geico | $2,251 | 5.0 |
| State Farm | $2,890 | 5.0 |
| Travelers | $3,032 | 5.0 |
| Nationwide | $4,292 | 4.5 |
| Progressive | $4,540 | 4.5 |
| Corebridge Financial | $4,746 | 3.0 |
| Allstate | $5,934 | 4.5 |
| Direct Auto Insurance | $6,797 | 3.5 |
| Bristol West | $7,623 | 2.5 |
| Mercury | $12,060 | 4.0 |
Also read: Cheap Dump Truck Insurance
Frequently Asked Questions [FAQs]
What is the top car insurance company?
Several of the most affordable car insurance providers in Fort Lauderdale also rank among the best in the United States.
However, there is no universally superior company that suits everyone at all times.
The best car insurance company for you is contingent on your specific coverage requirements and the factors that hold the most significance to you in a policy.
What is the cost of car insurance?
On a national scale, the averages stand at $2,014 for full coverage and $622 for minimum coverage.
In Fort Lauderdale, the average annual cost is $1,442 for minimum liability coverage and $2,973 for full coverage.
What amount of car insurance is necessary in Fort Lauderdale?
Florida requires a minimum car insurance coverage of $10,000 for property damage liability and $10,000 for personal injury protection; however, experts advise opting for higher coverage for increased financial protection in major accidents
Methodology
Quoted rates are derived from a 40-year-old male and female driver with a clean record, good credit, and the specified full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
For minimum coverage limits, Bankrate adheres to each state’s requirements. The baseline profile includes drivers with a 2021 Toyota Camry, commuting five days a week, and an annual mileage of 12,000 miles.