● Florida insurance
How Much Does It Cost to Insure a Used Car in Florida? (2026)
Florida is one of the most expensive states for car insurance. Here’s what’s required, what a used car typically costs to cover, and how to lower your bill.
Insurance is one of the biggest ongoing costs of owning a car in Florida — and it’s easy to forget until the first bill lands. Here’s what Florida requires, what a used car typically costs to insure, and how to keep your premium as low as possible.
What Florida requires
Florida law requires drivers to carry at least $10,000 in Personal Injury Protection (PIP) and $10,000 in Property Damage Liability (PDL). Florida is a “no-fault” state, so your PIP pays your own medical costs (up to the limit) regardless of who caused the crash. Unlike many states, Florida does not require Bodily Injury Liability for most private drivers — though insurers and safety advocates strongly recommend adding it for real protection (Source: FLHSMV).
What it actually costs
Florida is one of the most expensive states for car insurance. Full-coverage premiums average roughly $3,900 a year — about 44% higher than the national average — according to Bankrate (Feb. 2026). Estimates from other outlets range from about $2,900 to $4,100 a year depending on methodology, and minimum coverage averages around $1,056 a year. These are statewide averages — your actual rate depends on your driving record, age, ZIP code, and the car itself.
Is a used car cheaper to insure?
Often, yes. A used car is usually worth less, so it costs less to repair or replace — which lowers your comprehensive and collision premiums. The exceptions are luxury, high-performance, or frequently-stolen models, where pricey parts or theft risk can push the premium back up. Modern safety features like automatic emergency braking and anti-theft systems can also earn discounts.
Shopping for your next car?
Browse our used inventory and get pre-qualified — we’ll help you find a car that fits your budget, insurance and all.
Browse inventoryIf you finance, expect “full coverage”
If you take out a loan, your lender will almost always require comprehensive and collision coverage until the loan is paid off — they’re protecting the car as collateral. A paid-off used car can legally be insured with Florida’s minimums, though dropping comp and collision means you’d cover any damage yourself.
How to keep your premium down
- Get quotes from several insurers — Florida rates vary a lot between companies.
- Ask about discounts for safety features, anti-theft, bundling home and auto, and paying in full.
- Consider a higher deductible if you have savings to cover it.
- On an older, paid-off car, weigh whether comprehensive and collision still make sense.
- Pick a model with a strong safety and theft record — we’re happy to point those out on the lot.
Frequently asked questions
What car insurance is required in Florida?
At least $10,000 in Personal Injury Protection (PIP) and $10,000 in Property Damage Liability (PDL). Florida is a no-fault state and, unlike many states, does not require Bodily Injury Liability for most drivers — though it’s strongly recommended (FLHSMV).
How much does it cost to insure a used car in Florida?
Full-coverage premiums average roughly $3,900 a year statewide (Bankrate, Feb. 2026), with estimates ranging from about $2,900 to $4,100 depending on the source. Minimum coverage averages around $1,056 a year. Your actual rate depends on your record, age, location, and vehicle.
Is a used car cheaper to insure than a new one?
Usually, because it’s worth less to repair or replace, which lowers comp and collision costs. Luxury, high-performance, or frequently-stolen used models can be exceptions.
Do I need full coverage on a financed car?
Almost always. Lenders require comprehensive and collision coverage until the loan is paid off to protect the car as collateral.
How can I lower my Florida premium?
Compare several insurers, ask about safety-feature and bundling discounts, consider a higher deductible, and reconsider comp/collision on an older paid-off car. Choosing a model with a strong safety and theft record helps too.
