Car insurance: Why we're paying more in Florida

Whether you’re a longtime Florida resident or new to the area, there’s a good chance you know firsthand just how expensive car insurance premiums can be.

According to the Insurance Information Institute, as of January 2024, the average annual full coverage premium in Florida was $3,941 – 55% higher than the national average of $2,542 and over $750 dollars more than the cost of insurance in January of 2023. The Institute also said Florida has the highest-priced average full coverage car insurance premium in the country.

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[nakianadia]

It’s a lot of Hispanics in Florida that cannot drive and they’re always getting into accidents that is one of the reasons our insurance is expensive

[nakianadia]

The only way to save money on insurance is to get rid of your car!

[abadventures]

I love how the title is “why we’re paying more in Florida”. It it doesn’t explain why, just telling us what we already know (that car insurance is expensive”

Please do better reporting and explain why it’s more expensive - don’t just tell us it’s expensive.. we already know that.

[ormondbeachr]

From my experience as an agent it is mostly due to lawsuits for underinsured drivers and hurricane damage causing a state wide loss.

[garycunningham]

Morgan, Dan and others is why my insurance goes up every month. Sick of it.

[undergod]

SMDH ridiculous god help us 🙏 money grab

[richardpetrossi]

I support Governer DeSantis, And I would ask you sir to please look into fixing this problem of substantial inflated insurance rates in the state of florida, how about helping by giving state subsidies to individuals to use to deflect the astronomical cost?

[tonyrussi]

we are all paying for the bad & dangerous drivers, that are not being ticketed. Get the road patrols back on the roads.