Florida's auto insurance rates are high for a number of reasons, including state no-fault auto insurance laws, exposure to risk due to extreme weather conditions, average driver profile, and number of uninsured drivers. If you haven't been able to find affordable car insurance for your new or used car, ask our Fearnow Insurance agents. Our customers have seen insurance premium savings of up to 37 percent with our auto insurance policies. This is because we have the ability to analyze numerous policies from different airlines to find the best policy for your budget and driving habits.
Last year, Coverage said Florida drivers paid more for car insurance with full coverage He explains that one of the reasons for the high insurance rates is because the state is located in an area affected by extreme weather conditions, particularly hurricanes and floods, which can cause damage to the automobiles. 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. It's good to know these factors so you can take some steps to lower your overall insurance costs, including the premiums you have to pay annually or monthly.
Keep this in mind when looking for car insurance so that you can take advantage of discounts that several companies have. Record-breaking natural disasters, increasing phone-related car accidents, high rates of insurance fraud, and expensive auto repair technology have increased costs for insurance companies. Insurance companies understand this and take this into account when setting their rates in certain areas. Standard discounts include anti-theft devices in a vehicle, having multiple cars on your policy, taking a defensive driving course, and establishing yourself as a good driver with a clean record.
Check with your insurance provider or agent to see if you are eligible for any of these price reductions. Here are some factors that affect Florida car insurance costs, ways to save on your car insurance rates, and insurance companies that offer the cheapest rates on average. Although insurance rates in Florida are high, there are ways you can lower your individual rates. Properties close to the coast or on low ground can be damaged due to flooding, so these homeowners should expect higher insurance premiums.
Residents who live by the ocean, rivers or in low-lying areas or other areas prone to flooding are particularly vulnerable. Both Progressive and Allstate premiums are 35 percent above the state average, making them two of the most expensive auto insurance companies in Florida, according to Insurance Panda. And the state has a high percentage of college-age drivers and those over 75 who can pay more for insurance. Car insurance in Florida is very expensive because of the many factors that increase the cost, such as the number of uninsured drivers and high-risk drivers who live and visit the state.
Safer vehicles, such as hybrids and family sedans, will be much cheaper to insure than high-powered, high-performance vehicles. Common reasons for high car insurance costs include your driving history, age, coverage options, where you live, the car you drive, your credit history, or not taking advantage of discounts.
