High-Risk Car Insurance In Florida For 2024
When it comes to finding high-risk car insurance in Florida, Nationwide stands out as our top choice.
We’ve saved shoppers an average of $600 per year on their car insurance.
With its competitive rates, customizable policies, and strong financial stability, Nationwide offers a reliable solution for high-risk drivers looking for affordable coverage.
For drivers in specific high-risk categories, we’ve identified the cheapest options across the board. If you’ve received a speeding ticket, GEICO offers the most affordable rates. For those dealing with the aftermath of a DUI, Progressive comes in as the least expensive option. Drivers with bad credit can find the cheapest coverage through State Farm, while Allstate provides the most budget-friendly rates for teen drivers.
High-Risk Car Insurance Companies In Florida, 2024
Cheapest Rates After A Speeding Ticket: GEICO
Speeding tickets are one of the most common driving offenses, and they often lead to a significant increase in car insurance rates. Insurance companies view speeding as a sign of risky behavior, and drivers with speeding tickets can see their rates increase by an average of 20-30%.
However, GEICO consistently offers the most affordable rates for drivers with a speeding violation in Florida. While rates will still rise, GEICO tends to provide the lowest increases compared to other insurers, making it a popular choice for high-risk drivers in this category.
| Company | Average Annual Premium |
| GEICO | $1,350 |
| Progressive | $1,470 |
| State Farm | $1,550 |
| Nationwide | $1,600 |
| Allstate | $1,720 |
Cheapest Rates After A DUI: Progressive
A DUI (Driving Under the Influence) is one of the most serious offenses a driver can commit and can cause car insurance rates to skyrocket. On average, drivers with a DUI can expect their insurance premiums to increase by 50% or more, reflecting the heightened risk they pose on the road.
Despite this, Progressive offers some of the most competitive rates for drivers with a DUI in Florida. While the cost of coverage will still be high, Progressive’s rates are generally lower than most competitors in the DUI category.
| Company | Average Annual Premium |
| Progressive | $2,100 |
| GEICO | $2,350 |
| State Farm | $2,450 |
| Nationwide | $2,500 |
| Allstate | $2,650 |
Cheapest Rates For Drivers With Bad Credit: State Farm
Car insurance companies often use credit scores as a factor in determining premiums, and drivers with poor credit are typically seen as higher-risk. Rates for drivers with bad credit can increase by 30% or more, as insurers believe that a lower credit score correlates with a higher likelihood of filing a claim.
State Farm offers the most affordable rates for drivers with bad credit in Florida, making it a go-to option for those seeking to minimize the impact of their credit history on their insurance premiums.
| Company | Average Annual Premium |
| State Farm | $1,780 |
| GEICO | $1,850 |
| Progressive | $1,920 |
| Nationwide | $2,000 |
| Allstate | $2,150 |
Cheapest Rates For Teen Drivers: Allstate
Teen drivers are often charged some of the highest insurance rates due to their inexperience on the road. Statistically, teenagers are more likely to be involved in accidents, leading to significantly higher premiums. On average, teen drivers can expect to pay 80% more for car insurance than older, more experienced drivers.
Despite this, Allstate offers some of the most affordable rates for teen drivers in Florida, providing coverage at a lower cost compared to other national insurers in this category.
| Company | Average Annual Premium |
| Allstate | $3,200 |
| GEICO | $3,400 |
| Progressive | $3,500 |
| State Farm | $3,650 |
| Nationwide | $3,800 |
Best High-Risk Car Insurance Companies In Florida
Best Overall
Key Statistics
Why We Like Them
⇅Nationwide earns the title of best overall high-risk car insurance provider in Florida due to its strong combination of competitive rates, customizable coverage options, and excellent customer service. High-risk drivers often face limited choices, but Nationwide offers flexibility that allows drivers to tailor their policies to fit their needs. Whether you’ve had an accident, a DUI, or a speeding ticket, Nationwide provides comprehensive coverage at affordable rates compared to other insurers.
Additionally, Nationwide offers a variety of discounts that can help high-risk drivers lower their premiums. These include multi-policy discounts, safe driver programs, and even accident forgiveness options, making Nationwide a top choice for many. With a reputation for stability and reliability, Nationwide is an excellent choice for Florida drivers who need high-risk coverage but don’t want to sacrifice service or options.
Benefits & Drawbacks
⇅- Competitive rates for high-risk drivers
- Flexible coverage options available
- Strong financial stability ✓
- Fewer discounts than competitors
- Higher premiums for full coverage
- Limited local office presence ✘
Best for Accident Forgiveness
Key Statistics
Why We Like Them
⇅Liberty Mutual stands out as the best option for high-risk drivers looking for accident forgiveness. This feature allows drivers to avoid premium increases after their first at-fault accident, which is a significant benefit for those at a higher risk of accidents. For drivers who have had a spotty driving history but want to avoid major premium hikes, Liberty Mutual’s accident forgiveness program can be a game changer. The company also offers a wide range of coverage options and additional perks like new car replacement and roadside assistance.
High-risk drivers are often penalized harshly for accidents, but Liberty Mutual’s accident forgiveness ensures that one mistake won’t result in unaffordable insurance premiums. This makes it a top choice for drivers who may have a history of accidents or are worried about future incidents impacting their rates.
Benefits & Drawbacks
⇅- Accident forgiveness available
- Wide range of coverage options
- Strong customer service ✓
- Higher premiums than competitors
- Limited discounts for high-risk drivers
- Rates increase after claims ✘
Best for Minimum Coverage
Key Statistics
Why We Like Them
⇅GEICO is the best option for high-risk drivers in Florida looking for minimum coverage. Known for offering some of the lowest rates in the industry, GEICO provides affordable insurance that meets Florida’s minimum liability coverage requirements. For high-risk drivers who may struggle to find affordable full coverage, GEICO’s minimum coverage policies offer a budget-friendly option without sacrificing essential protection.
High-risk drivers, especially those with driving offenses like DUIs or accidents, often face exorbitant insurance rates. However, GEICO’s competitive pricing makes it easier for drivers to maintain the necessary coverage to stay legally on the road in Florida. With strong online tools and a reputation for affordable premiums, GEICO is a top choice for drivers seeking to minimize costs while meeting legal insurance requirements.
Benefits & Drawbacks
⇅- Affordable rates for high-risk drivers
- User-friendly online tools
- Extensive discount options ✓
- Limited coverage customization
- Minimal local agent support
- Higher rates after accidents ✘
Who Is A High-Risk Driver?
A high-risk driver is someone considered by insurance companies to have a greater likelihood of being involved in an accident or filing a claim. There are several ways a driver can be classified as high-risk, often resulting in higher premiums.
Common reasons include speeding tickets, which indicate risky behavior, and distracted driving, such as texting or using a phone while driving. Both suggest a lack of attention to the road, increasing the likelihood of accidents. Reckless driving, which includes dangerous actions like running red lights or excessive speeding, further raises the risk profile.
One of the most severe offenses is Driving Under the Influence (DUI). A DUI conviction significantly increases a driver’s risk rating, as it shows a disregard for road safety and legal regulations. Drivers with a history of multiple accidents or frequent insurance claims are also considered high-risk, as they demonstrate a pattern of risky behavior on the road.
Additionally, teen drivers and those with bad credit can fall into the high-risk category. Teenagers are inexperienced, while drivers with bad credit are statistically more likely to file claims. All of these factors lead to higher insurance rates and fewer coverage options for high-risk drivers.
How To Lower Your Rates If You Are A High-Risk Driver
If you're classified as a high-risk driver, your car insurance rates will likely be higher, but there are several steps you can take to reduce your premiums. By following these five strategies, you may be able to improve your driving record and lower your rates over time.
Take A Defensive Driving Course
Enrolling in a state-approved defensive driving course can help demonstrate to insurers that you’re serious about improving your driving habits. Some insurance companies offer discounts for completing these programs.
Shop Around For Better Rates
Different insurance companies evaluate risk differently, so it’s essential to compare quotes from multiple insurers. You may find a provider that offers more affordable coverage for high-risk drivers.
Consider Increasing Your Deductible
Opting for a higher deductible can lower your monthly premium. This means you’ll pay more out of pocket if you have an accident, but your upfront costs will be reduced.
Bundle Insurance Policies
If you have other insurance needs, such as home or renters insurance, bundling these policies with your car insurance could lead to discounts. Many insurers offer savings for combining policies.
Maintain Continuous Insurance Coverage
Gaps in coverage can lead to even higher premiums. Maintaining continuous coverage, even if it’s just minimum liability, can help you avoid further rate increases.
By taking these steps, you can potentially lower your insurance rates while working toward improving your driving history and reducing your overall risk profile.
Our Methodology
To evaluate the best car insurance companies for high-risk drivers, we used a comprehensive rating system based on key factors that impact affordability, coverage, and customer satisfaction. Our evaluation considered data from multiple sources, including premium quotes, available discounts, and policy features. We also reviewed customer feedback, company financial stability, and claims processes to ensure a well-rounded analysis.
Our rating system prioritized affordability for high-risk drivers, looking at how companies handled rate increases after speeding tickets, accidents, and DUIs. We also factored in additional perks like accident forgiveness, flexible coverage options, and the availability of discounts that could help reduce premiums.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
FAQs
Which company is best for high-risk drivers?
Nationwide is considered the best overall option for high-risk drivers in Florida, offering competitive rates, customizable coverage options, and various discounts that help reduce premiums.
How much does car insurance cost for high-risk drivers in Florida?
Car insurance for high-risk drivers in Florida can vary significantly based on the offense, but premiums typically range from $1,800 to over $3,000 annually, depending on factors like driving history and coverage options.
Where can I get coverage if insurers deny my application?
If insurers deny your application, you can look into Florida’s Automobile Joint Underwriting Association (FAJUA), a program designed to provide car insurance for drivers who can’t secure coverage through traditional means.
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