Several factors contribute to why car insurance in Florida is so expensive, including busy roads, additional insurance requirements, high health care costs, uninsured motorist rates, and the risk of adverse weather conditions. Despite the high cost of car insurance in Florida, there are several ways to lower your premium. If you have a personal connection, such as at home, you can run an antivirus scan on your device to make sure it isn't infected with malware. If you are in an office or on a shared network, you can ask your network administrator to run a scan on your network for misconfigured or infected devices.
Because Florida requires relatively comprehensive auto insurance, many people wonder about the cost of that type of coverage. The truth is that insurance in Florida is expensive compared to the national average. Fines, accidents and DUIs will generally have a negative impact on your auto insurance premiums for three to five years, according to your insurance company. It may be attractive to select a minimum coverage to save on auto insurance premiums, but keep in mind that then you will be at risk of high out-of-pocket costs associated with damages and medical expenses from an accident.
In Florida, there are a number of demographics that auto insurance companies consider to be high risk. Florida's average auto insurance rates change by city based on population density, traffic volume, frequency of accidents, vulnerability to theft and vandalism, among other factors, according to Triple-I. Because of this, and the fact that the state requires insurance companies to pay for medical expenses incurred after an accident, regardless of who was at fault, insurance prices are much higher. According to the Insurance Information Institute (Triple-I), your zip code influences the premium you'll pay for auto insurance because of the higher frequency of accidents and higher crime rates in larger cities.
Depending on your insurance provider, you should be able to get all the insurance coverage options you need in one place. To give you an idea of what you could expect to pay for car insurance in Florida, below are the average annual premiums for full coverage from some of the largest insurance companies by market share in the state. All insurance products are governed by the terms of the applicable insurance policy, and all related decisions (such as approval of coverage, premiums, commissions and charges) and policy obligations are the sole responsibility of the insurer. By combining your car insurance policy with your homeowner's or renter's insurance, you can pay less for all of them.
All major insurance companies use a credit-based insurance score to calculate premiums when permitted by law. While finding the cheapest car insurance in Florida can be a priority for many drivers, keep in mind that having adequate coverage is more than just the price. This certificate could make you pay much higher car insurance rates in the future and even make it difficult to get any insurance. Bankrate research can help you understand the average car insurance rates in Florida, as well as the factors that affect your auto insurance premium.
You may see your auto insurance quotes increase as you age because insurance companies find that some older drivers are more likely to have accidents as their driving skills decline. Other than that, the best way to reduce your car insurance costs is to compare the rates of at least three insurance companies. .