Cheapest Non-Owner Car Insurance In Florida 2024

For non-owner car insurance in Florida, GEICO is the least expensive, with an average annual premium of $513. This type of policy is designed for drivers who need liability protection without owning a car.

Does Florida Allow Non-Owner Car Insurance?

Drivers in Florida can get non-owner car insurance if they don’t own a vehicle but still need liability coverage for rented or borrowed cars. This meets state minimum insurance requirements.

Cheapest Overall Non-Owner Car Insurance In Florida

GEICO offers Florida’s lowest-priced non-owner car insurance, with an average annual premium of $513.

Cheapest Non-Owner Car Insurance With A Clean Driving Record

Geico provides the cheapest non-owner car insurance in Florida for drivers with a spotless record, costing $513 per year on average.

Cheapest Non-Owner SR-22 Car Insurance In Florida

Geico provides the most budget-friendly non-owner SR-22 car insurance in Florida, costing $658 per year on average.

What Is Non-Owner Car Insurance?

For those who drive but don’t own a car, non-owner car insurance provides liability protection. It helps cover costs for injuries or damage to others’ property in an accident caused by the policyholder. It’s particularly useful for frequent renters or borrowers of cars but doesn’t include coverage for the driver’s injuries or the borrowed car itself.

Florida Minimum Auto Insurance Requirements

Drivers in Florida must have the following minimum insurance coverage: $10,000 for bodily injury per person, $10,000 per accident, and $10,000 for property damage. Personal injury protection (PIP) is also required, offering $10,000 for medical expenses and lost wages. Uninsured motorist coverage, which covers $10,000 per person and $10,000 per accident, is also mandatory.

What Is SR-22 Insurance?

The SR-22 is a document that high-risk drivers must obtain, showing they have the minimum liability coverage as required by state law. It’s often required after serious offenses, such as DUIs or reckless driving, and is filed with the state by the driver’s insurance company. Though it isn’t insurance, getting an SR-22 usually leads to higher insurance rates due to the higher risk the driver represents. The requirement usually lasts for a set duration, such as three years.

Average Cost Of Non-Owner Car Insurance In Florida

For people in Florida who regularly rent or borrow cars, understanding the cost of non-owner car insurance is essential. This type of insurance provides the necessary liability coverage while being more affordable than a standard policy. Below, we’ve compared the average annual and monthly costs from different auto insurance providers to help you choose the best option.

Average Cost Of Non-Owner Car Insurance In Florida – By Age

Age is an important factor in determining the price of non-owner car insurance in Florida. Younger drivers often pay more because they are perceived as less experienced and have a higher risk of accidents. Older drivers typically benefit from lower premiums due to their experience and lower risk.

For example, a 20-year-old might pay around $1,194 annually, while a 50-year-old could see rates closer to $514. The table below illustrates how these rates differ by age.

Average Cost Of Non Owner Car Insurance In Florida Cities

The cost of non-owner car insurance in Florida can vary greatly depending on where you live. Insurance companies take into account factors such as traffic congestion, crime rates, and regional laws when determining rates. Major cities like Hialeah often have higher premiums due to the increased risk from traffic and crime. Smaller towns generally offer lower premiums.

Below is a table comparing the average rates for five cities in Florida.

Average Rates Vs Traditional Car Insurance

It’s crucial to know the distinction between non-owner car insurance and traditional car insurance to make informed financial choices. Non-owner car insurance is for drivers who don’t own a vehicle but need liability coverage for bodily injuries and property damage to others, making it generally more affordable.

Traditional car insurance, however, provides more extensive coverage, including comprehensive and collision, which covers the car itself from damage or theft, and as a result, carries higher premiums. Below is a comparison of average rates from five insurance companies.

Should You Get Non-Owner Car Insurance In Florida?

Non-owner car insurance is an affordable and practical option for those who don’t own a vehicle but need liability coverage. Here’s a breakdown of the types of people who should consider this insurance:

• Renters: If you rent cars frequently, non-owner car insurance may offer more comprehensive coverage and better savings compared to rental company policies. It provides consistent liability protection, which is often more cost-effective over time.
• Car Borrowers: For individuals who occasionally borrow cars from others, non-owner insurance ensures liability coverage if you’re at fault in an accident, without relying on the vehicle owner’s policy.
• License Reinstatement: Non-owner insurance is often required for individuals looking to reinstate their license after a suspension. When combined with an SR-22 form, it shows you’re meeting financial responsibility requirements.
• Infrequent Drivers: Non-owner car insurance is ideal for those who drive infrequently but still wish to maintain continuous coverage. This helps you avoid higher premiums in the future caused by gaps in your insurance history.
• Drivers Between Cars: If you’re between vehicles, either having sold your car or waiting for a new one, non-owner insurance provides temporary coverage. It ensures you’re covered during the transition and helps preserve your insurance history.

Average Non-Owner Car Insurance Rates vs Other US States