Buying budget auto insurance is difficult, and determining which company has the cheapest car insurance rates for Lyft drivers in Florida will involve even more work. Each company has their own formula for determining rates in each state, so first we will examine the overall cheapest car insurance companies in Florida.

We do need to point out that Florida car insurance rates are based on many factors which can significantly increase or decrease the price you have to pay. This price variability is why consumers need to perform a complete rate comparison to get the most affordable auto insurance rates for Lyft drivers. Car insurance prices are impacted by many different factors and can decrease or increase without notice, so the best option when you last compared rates may now be costing you a lot of money.

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Cheapest auto insurance in Florida ranked by cost per year
Rank Company Cost Per Year
1 USAA $977
2 Electric $1,746
3 Amica $1,746
4 Progressive $1,793
5 Travelers $1,869
6 Mercury $1,914
7 Allied $1,926
8 Esurance $2,082
9 Auto-Owners $2,107
10 GEICO $2,108
11 State Farm $2,131
12 21st Century $2,373
13 Allstate $2,388
14 Windhaven Insurance $2,627
15 MetLife $2,870
16 Safeco $2,927
17 Hanover $2,934
18 Liberty Mutual $3,131
19 United Automobile $3,457
20 Direct General $4,062
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USAA normally has some of the lowest car insurance rates in Florida at around $977 per year. This is $1,471 less than the average premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers would also make the list of some of the more affordable Florida auto insurance companies.

As the example above demonstrates, if you currently buy coverage from Progressive and switched to Electric, you might realize yearly savings of roughly $47. Customers with Travelers might save as much as $123 a year, and Mercury insureds might lower prices by $168 a year.

To find the cheapest coverage for you, click here to start your free quote or click several companies below for low rates.

Bear in mind that those premium estimates are averaged across all insureds and vehicles and and are not figured with a rate discount for Lyft drivers. So the car insurance company that can offer you the best rate may not even be in the list above. That underscores the importance of why you need to quote rates from as many companies as possible using your own individual information.

For Lyft vehicles, one of the more important things that are looked at to determine car insurance rates is where you keep your vehicle. Regions with more people or even just more weather-related claims like Hialeah, Miami, and Hollywood are more likely to have higher rates, whereas areas that tend to be more rural have the enjoyment of a little cheaper coverage.

The following table sorts the most costly cities in Florida for Lyft drivers to buy auto insurance in.

How much is auto insurance in Florida?
Rank City Annual Premium
1 Hialeah $3,630
2 Miami Gardens $3,277
3 Miami $3,273
4 Miami Beach $3,043
5 Hollywood $2,630
6 Pompano Beach $2,620
7 Miramar $2,603
8 West Palm Beach $2,599
9 Fort Lauderdale $2,576
10 Tampa $2,558
11 Pembroke Pines $2,505
12 Coral Springs $2,499
13 Davie $2,448
14 Brandon $2,298
15 St. Petersburg $2,219
16 Clearwater $2,194
17 Spring Hill $2,060
18 Orlando $2,029
19 Port St. Lucie $1,975
20 Jacksonville $1,960
21 Lakeland $1,901
22 Cape Coral $1,860
23 Palm Bay $1,786
24 Tallahassee $1,784
25 Gainesville $1,680
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Premium costs are estimated as the garaging address in Florida can influence premium rates considerably.

The make and model of vehicle requiring insurance is a large consideration when consumers are trying to find cheap car insurance for Lyft drivers. Vehicles with higher performance, poor safety ratings, or an increased likelihood of liability claims will cost substantially more to insure than more economical and safe models.

The next table features auto insurance prices for a number of the most budget-friendly automobiles to buy insurance for.

Cheapest Vehicles to Insure for Lyft Drivers in Florida
Vehicle Make and Model Estimated Cost for Full Coverage
Ford Escape XLT 4WD $1,255
Honda CR-V LX 4WD $1,343
Jeep Wrangler Sport Islander Package 4WD 2-Dr $1,350
Honda Odyssey EX $1,428
Jeep Grand Cherokee Laredo 4WD $1,455
Chevrolet Impala LT $1,462
Chevrolet Equinox LT 2WD $1,455
Toyota Prius $1,493
Ford F-150 XL Crew Cab 2WD $1,503
Dodge Grand Caravan SE $1,509
Ford Focus SEL 4-Dr Sedan $1,505
Ford Edge Limited AWD $1,533
GMC Sierra SL Crew Cab 4WD $1,560
Volkswagen Jetta S 4-Dr Sedan $1,590
Chevrolet Malibu LS $1,597
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Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Rate information does not factor in vehicle garaging location which can impact prices significantly.

Based on these rates, we can assume that makes and models like the Ford Escape, Honda CR-V, Jeep Wrangler, Honda Odyssey, and Jeep Grand Cherokee are going to be the cheaper vehicles to insure for Lyft vehicles.

The diagram below illustrates how your deductible choice can increase or decrease insurance premiums when trying to find cheap insurance for Lyft drivers in Florida. The premium estimates are based on a single male driver, comp and collision included, and no discounts are factored in.

A 40-year-old driver could lower rates by $410 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $618 by selecting a $1,000 deductible. Younger drivers, such as the 20-year-old chart data, could reduce their rates $1,354 or more just by choosing larger deductibles. When insureds make the decision to increase the deductibles on their policy, it will be important to have enough spare savings to allow you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

Choosing the highest-rated car insurance company can be difficult considering how many choices drivers have in Florida. The ranking information in the next section could help you pick which auto insurers to look at when comparing rate quotes. These ratings only include large nationwide companies, so companies that may only write in Florida are not included in this list.

Top Ten Car Insurance Companies for Lyft Drivers in Florida
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
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Data Source: Best Car Insurance Companies

How to get discounts on Florida auto insurance

Auto insurance companies that sell policies for Lyft drivers may also provide rate discounts that could lower prices by as much as 40% or more if you meet specific criteria. Larger car insurance companies and some of the premium reductions they offer are:

The diagram below visualizes the comparison of yearly insurance costs with and without discounts applied to the policy rates. Data assumes a male driver, a clean driving record, no at-fault accidents, Florida state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles.

The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with homeowner, defensive driving course, marriage, anti-theft, multiple policy, and vehicle safety discounts applied. In this example, the average savings per year on car insurance for Lyft drivers is 28% or $486.

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Florida car insurance rates are influenced by many factors which can substantially decrease or increase your annual premium. Simply having a birthday, getting divorced, or getting a reckless driving citation can trigger rate changes that can make some companies more affordable than the competition.

In addition, auto insurance companies modify rates as often as every three months to adjust for unexpected claims or profits. An extended period of higher than normal claims may cause higher rates, while profitable underwriting can produce lower-cost Florida car insurance rates.

The bar chart below shows the cheapest car insurance in Florida for a 40-year-old male driver with no prior accidents, a clean driving record, and a good credit history. When quoting prices based on his personal profile, USAA offers the lowest car insurance rates in Florida at $977 annually. This is $1,471 less than the average premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers are the rest of the cheapest Florida auto insurance companies.

Now we will give the driver from above a chargeable claim, poor credit, and a few blemishes on his driving record. Since each insurance company has a proprietary formula for establishing rates, comparing insurance quotes may result in a completely different list of the cheapest Florida car insurance companies as shown below.

USAA now has the lowest price on auto insurance in Florida with Mercury, Esurance, State Farm, and GEICO now rounding out the top five. This example shows why it is critical to perform an extensive rate comparison to get the cheapest car insurance quotes for Lyft drivers.

Car insurance prices are made up of many things and change dramatically, so the best company the last time you checked may now be costing you a lot of money.