Vehicle Insurance

Best Cheap Car Insurance in Pensacola

Florida leads the country in uninsured motorists. An estimated 26.7{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb} of drivers in the Sunshine State do not carry car insurance, even though insurance is a legal requirement. In Pensacola, the average cost of car insurance is $2,119 for full coverage and $908 for minimum coverage.

Car insurance in Florida is extremely expensive, in part because many drivers are uninsured. However, there are car insurance providers that offer below-average rates. We identified the best cheap car insurance providers in Pensacola based on premium, coverage options, discounts and more.

Best car insurance companies in Pensacola

The best car insurance companies in Pensacola are Allstate, State Farm, Geico and Progressive. These providers stand out for offering good coverage options, generous discounts, reasonable annual rates and solid customer satisfaction scores.

Insurance company J.D. Power customer satisfaction score Average annual premium for minimum coverage Average annual premium for full coverage
Allstate 851 / 1,000 $974 $2,176
Geico 846 / 1,000 $703 $1,998
Progressive 834 / 1,000 $1,118 $2,113
State Farm 826 / 1,000 $692 $1,556

Quadrant Information Services, 2020

Allstate

Allstate earned the top ranking for overall customer satisfaction in J.D. Power’s 2020 U.S. Auto Insurance Study (Florida region). Pensacola drivers can design a customized policy with add-ons, like sound system insurance and accident forgiveness, and save money on their policy by qualifying for discounts. Allstate offers savings for getting good grades, being responsible payers, bundling policies, paying in full, insuring a new car and more.

Geico

Drivers in Pensacola can get a below-average rate from Geico. The average full coverage policy from Geico costs $1,998 per year, which is over $120 cheaper than the citywide average rate. Geico also offers a variety of generous discounts, like savings for military service members, federal employees, good students, safe drivers, going on emergency deployment and having a vehicle with advanced safety features, like airbags and anti-lock brakes.

Progressive

Progressive’s car insurance policies are not the cheapest, but they are among the most comprehensive. The company offers innovative online resources, like the Name Your Price Tool and rate comparison tool, to help drivers find the lowest priced policy. Progressive also offers great discounts that many drivers are able to take advantage of, including the Snapshot safe driver reward program, which comes with an average savings of $145.

State Farm

State Farm is the largest car insurance provider, with 9.25{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb} of the total market share. State Farm is known for offering affordable premiums, helpful online tools and resources, and great discounts. The company is one of the few that offers two safe driver discount programs, Drive Safe & Save for drivers over 25 and Steer Clear for drivers under 25. State Farm also offers a handful of endorsements, including rideshare insurance and roadside assistance.

Cheapest car insurance in Pensacola

Car insurance quotes in Pensacola are pricey. Drivers in Pensacola pay slightly less than the average rate in Florida, which is $2,364 for full coverage insurance and $1,101 for minimum coverage insurance. For comparison, the average cost of car insurance in the United States is $1,674 for full coverage and $565 for minimum coverage.

The cheapest car insurance in Florida is different for every driver. Factors like age, credit score and your chosen insurance carrier will impact your rate. The table below highlights the cheapest car insurance rates in Pensacola from the most popular carriers based on market share:

Insurance company Average annual premium for minimum coverage Average annual premium for full coverage
State Farm $692 $1,556
Geico $703 $1,998
Allstate $974 $2,176
MetLife $1,081 $2,485
Progressive $1,118 $2,113

Quadrant Information Services, 2020

Every cheap insurance provider has its pros and cons. For example, Geico and State Farm offer limited coverage. Allstate and Progressive are better options for drivers who want to customize a policy based on their needs. And although these providers offer exceptional discounts, the types of discounts available and the actual savings will differ between companies.

Additionally, these five providers have great financial strength ratings from organizations like AM Best. In terms of customer satisfaction, however, the ratings are more varied. In J.D. Power’s study, Allstate and Geico are the only companies rated above average. Progressive and State Farm are rated below average, and MetLife is rated near the bottom of the list.

Pensacola insurance requirements

Drivers in Pensacola are required to carry car insurance. Because Florida is a no-fault state, drivers must carry at least $10,000 in Personal Injury Protection (PIP) and $10,000 in Property Damage Liability (PDL). PIP covers your medical expenses following an accident, even if you were not responsible. PDL covers any property damage you cause in a covered claim.

A minimum coverage insurance policy is the cheapest coverage available. However, minimum coverage insurance may not cover the full cost of an accident. Additionally, drivers who lease or finance their vehicle are often required to carry full coverage insurance. It is recommended that drivers increase their coverage limits or purchase a full coverage insurance policy to reduce risk.

Car insurance discounts in Pensacola

Because car insurance is expensive in Pensacola, most car insurance companies offer discounts that can help drivers get a more affordable rate. Some of the most common car insurance discounts in Pensacola are:

  • Vehicle safety equipment discount: If your car has certain safety features, like airbags and an anti-theft system, you can probably get a discount on your insurance policy.
  • Good student discount: High school and college students who maintain a minimum GPA can often qualify for special savings on their insurance.
  • Defensive driving discount: Many insurance companies offer a discount to drivers who complete an approved defensive driving or driver safety training course.
  • Pay in full discount: Paying your annual premium in one lump sum, rather than in monthly installments, can usually help you save money on your policy.

Frequently asked questions

What is the best car insurance company?

The best car insurance company varies, but some of the popular providers are Allstate, Geico, USAA, The Hartford, Amica and Progressive. To find the best car insurance provider for your needs, shop around, compare providers and get multiple quotes for the type and amount of coverage you want.

How much does car insurance in Pensacola cost?

The average cost of car insurance in Pensacola is $2,119 for a full coverage policy and $908 for a minimum coverage policy. However, factors like your age, credit score, the type of car you drive and the value of your vehicle can all impact your rate.

How much car insurance do I need in Pensacola?

Drivers in Pensacola are required to carry at least $10,000 in Personal Injury Protection (PIP) and Property Damage Liability (PDL). Insurance companies recommend that most drivers increase their coverage limit for more protection or purchase a full coverage car insurance policy that includes collision, comprehensive and personal liability coverage.

Methodology

Bankrate utilizes Quadrant Information Services to analyze rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our sample drivers own a 2018 Honda Accord, commute five days a week and drive 12,000 miles annually.

These are sample rates and should be used for comparative purposes only. Your quotes may be different.