Florida Auto Insurance with Bad Credit

The Zebra
March 12, 2019

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.


Car insurance for drivers with bad credit in Florida:

  1. Average rates
  2. Prices by city
  3. Costs by company

Car insurance rates with 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.


FLORIDA CAR INSURANCE RATES WITH BAD CREDIT

Credit TierAverage Annual Rate in Florida
Worst$4,009
Poor$3,632
Below Fair to Poor$3,264
Average — All Credit Tiers$1,878

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Car insurance rates with bad credit in Florida cities

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.


POOR CREDIT CAR INSURANCE RATES IN FLORIDA CITIES

CityAverage Annual Rate — Worst CreditAverage Annual Rate — Poor CreditAverage 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

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Cheap car insurance companies for bad credit in Florida

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.


FLORIDA CAR INSURANCE RATES WITH BAD CREDIT — BY COMPANY

CompanyAverage 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:

  1. See auto insurance quotes
  2. Be smart with your claims
  3. Know what goes into auto insurance rates