Find affordable car insurance with bad credit by comparing rates.
Find affordable car insurance with bad credit by comparing rates.
Jermaine J.
Finding cheap auto insurance can be tough if you have bad credit. Auto insurance companies utilize credit tier as a major rating factor, pricing policies based in part on clients' credit scores. Because auto insurance companies rely on data showing drivers with bad credit have a greater likelihood of filing car insurance claims, the companies account for for the additional risk by charging more expensive rates.
Car insurance rates with bad credit depends on which company you choose, where you live, and a few other rating factors. We've gathered below typical insurance premiums for drivers with bad credit in primary Florida cities, along with rates from popular insurance companies, , along with tips on saving on auto insurance if you have bad credit in Florida.
Florida drivers pay an average penalty of $2,130 annually for having a "worst"-tier credit score. A driver in either the “poor” or “below fair to poor” credit tier will also face higher-than-average rates.
| Credit Tier | Average Annual Rate in Florida |
| Worst | $4,009 |
| Poor | $3,632 |
| Below Fair to Poor | $3,264 |
| Average — All Credit Tiers | $1,878 |
Auto insurance costs will also vary depending on the specific area where you park your car. Insurers use your address to estimate whether you're likely to file a claim: the more claim-prone your area,, the more expensive your rates.
Listed below are major Florida cities and their typical car insurance rates for drivers with poor credit ratings.
| City | Average Annual Rate — Worst Credit | Average Annual Rate — Poor Credit | Average Annual Rate — Below Fair to Poor Credit |
| Jacksonville | $3,945 | $3,574 | $3,216 |
| Miami | $5,565 | $5,041 | $4,515 |
| Tampa | $5,363 | $4,881 | $4,375 |
| St. Petersburg | $4,571 | $4,148 | $3,725 |
| Orlando | $3,926 | $3,560 | $3,196 |
Another factor contributing to car insurance rates is the company you choose. Every auto insurance company prices its policies in a unique manner, giving rating factors varying weights in their calculations. Credit is often a primary differentiator in price between otherwise-similar insurance companies. In Florida, the cheapest major insurance company with bad credit is USAA, which offers average savings of $140 per year versus the second-cheapest company, State Farm.
See below prices from leading auto insurance companies in Florida for drivers with bad credit.
| Company | Average Annual Rate — Worst Credit Tier |
| USAA | $2,887 |
| State Farm | $3,027 |
| GEICO | $3,831 |
| Allstate | $4,103 |
| Progressive | $4,860 |
If you're buying car insurance with bad credit, keep these tips in mind:
