Being young is an exciting time in a person’s life, but finding the best auto insurance companies for young drivers in Florida may be a challenge. The key is to do your research, know the state’s laws regarding how much insurance you have to carry, and go with automobile insurance companies that can not only give you the best rate but also provide you with the best service.

The Florida Department of Highway Safety and Motor Vehicles website gives the requirements for auto insurance in Florida: vehicle owners must carry a minimum of $10,000 in Personal Injury Protection (PIP) and $10,000 in Property Damage Liability (PDL).

The general rule of thumb is to be insured on your parents’ auto insurance policy, if at all possible. Why? That’s because you’ll probably get better rates than if you try to obtain car insurance on your own due to the fact that your parents probably already have discounts for multiple cars, owning a home, being married, and so forth.

Also, since your parents have likely been with the same insurer for some time, they’ll be able to give you their opinion of the company, based on their own experience. Do be aware that any violations you have on your driving record (number of speeding tickets or other offenses), and number of claims you’ve had (whether or not you caused an accident) will result in higher premiums for your parents’ policy, by adding you to it.

Let’s say you’re doing your own investigation, trying to find the best auto insurance companies for young drivers in Florida. Check out the national companies licensed to do business in the state that also have high A.M. Best ratings of A, A+ or A++. We’ll save you some time here by telling you that Progressive, Allstate, Mercury Insurance, Safeco, GEICO, Nationwide, Liberty Mutual and the Travelers all have high A.M. Best ratings.

Next, go to the website of each company and look up how they cater to young drivers, what kind of discounts are available, and even compare sample rates by using their rate calculator. Not every auto insurer gives a discount to young drivers for maintaining good grades or taking a driver’s ed course. Progressive doesn’t, for example. But if you have a policy with Progressive, or are on your parent’s policy with the company, you will be eligible for a decrease of up to 35 percent at age 19, and an additional 25 percent at age 21.

State Farm Insurance does offer discounts for full-time students in Florida under age 25 who maintain good grades, as well as a number of other discounts that may be applicable to young drivers.

Allstate Insurance has a Good Student Discount for full-time students under age 25 of up to 20 percent. The company also has other discounts that may be applicable to young drivers, mostly applicable to those who are carried on their parents’ policy, but it’s still worth a look.

Bottom line: Do your homework. Talk with your parents. Pledge to be a safe driver and follow through on your promise.

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