Florida is a state with an abundance of sunshine–and auto insurance companies. It’s known for having some of the lowest insurance coverage minimums in the U.S. But there can be a big difference between companies not only in price, but in adequate coverage and customer service.
Florida is a no-fault insurance state: This means that regardless of who caused the accident, your insurance will cover your medical expenses up to the policy’s limit.
Florida no-fault auto insurance not only carries Personal Injury Protection (PIP} coverage, it will also cover loss of income due to a car accident.
PIP also covers your child, while in your car or on a school bus; other family members; passengers who don’t have PIP; you, if involved in an accident involving a pedestrian or cyclist.
In Florida you also need Property Damage Liability (PDL) coverage, in case a house or other property is damaged. Minimums for PIP and PDL are both $10,000.
HOW DO PRICES COMPARE?
Floridainsurancequotes.net states, “When it comes to cheap auto insurance, Florida companies offer some of the best deals.”
Insurance companies abound in Florida and an internet or yellow pages search will give you a huge amount of choices. While smaller companies may offer cheaper policies, big companies can be more reliable.
According to floridainsurancequotes.com,” Florida ranked 29th cheapest by state.” They found a whopping 255% price difference between states.
What’s the reason for such a huge difference? Dailyfinance states, “The primary one is uninsured motorists. In states with a lot of uninsured motorists, the insured must kick more money into the pool “ to cover the uninsured motorists.
Statistics from 2007 showed Florida as #5 in the nation, with 23%–nearly a quarter–of motorists that are uninsured.
WHAT ARE THE DOWNSIDES?
Florida is notorious for it’s bad traffic, rude drivers, and hurricanes.
People blow through stop signs and red lights. Traffic backups are common, especially during tourist season.
Be aware that the Florida Department of Highway Safety and Motor Vehicles (DHSMV) will be notified electronically by your carrier if your coverage expires or is revoked. DHSMV will contact you, and if you can’t prove you’re covered, they will suspend your license, plates, and registration. So don’t think Big Brother doesn’t know if you let your insurance payment lapse.
HOW CAN I SAVE?
The best way to keep auto insurance rates low is to keep your driving record clean. Florida offers substantial discounts to safe drivers.
The second best way is to shop around: You can save up to half off on car insurance by shopping around. Periodically call your insurance company to see if there’s a lower rate available, especially if you’ve recently dropped points off your record.
Check with the company, not the agent when doing this. Get a written statement so you can prove it. If going through your agent, have them ask the company, and get it in writing.
Combining coverage is another way to save. You may qualify for multi-car discounts if you or your family have more than one vehicle. Also, having your house and car insurance with the same provider can qualify you for a discount.
If you live in a big city but have a relative in a rural area, suburb, or small city, you can legally register your car at their address. This can entitle you to a lower price than you could get in a big city.
Many auto insurance companies in Florida also offer driving classes, which may help improve your driving–and lower your rates.
If you’re insuring a teen-age driver, some companies offer a discount to students who have good grades. You will need a copy of your teen’s report card/transcript to prove this.
Another thing to be aware of in Florida is that if you drive an expensive car, you will have expensive auto insurance. If this is a problem, consider downgrading to a cheaper car to qualify for cheaper rates. Also the age of your car makes a big difference. An older model will cost less to insure.
And if you’re looking at a cheap policy, make sure you know what it contains: Cheap policies can have restrictions that may not be in your best interest.
KEEP IT CLEAN
Not only do you need a good driving record to get good auto insurance rates, you should be aware that if your license suspended, you have to pay stiff fines to get it reinstated. Plus, if your license is revoked, so are your plates and registration.
WHAT ABOUT TEENAGE DRIVER’S?
Florida has a Graduated Driver’s License Program. Teenage drivers do not get full driving privileges until age 18. According to floridainsurancequotes.net, “GDL laws can reduce crash rates among new teens by 43%.”
While teenagers can be expensive to insure, check with your auto insurance provider to see if they offer a “good grades” discount.
HOW DO I COMPARE RATES?
Get on the phone and call around, or get on the internet and just google “Florida auto insurance”. While some advertise auto insurance for only $19-$29 be wary;
You may not qualify for such a low rate, and it may not provide enough coverage.
The Florida Office of Insurance Regulation has a searchable database you can use to get information about insurance companies. It also has comparison tools to help find you the best rate. Plus, Floridainsurancequotes.net has a link to ask a question or file a complaint about an insurance provider.
Because there are so many variable in determining auto insurance rates, none can be quoted here.
WHAT IF I HAVE A PROBLEM?
Customer service varied dramatically between companies. When reading customer reviews, read a number of them before deciding. One company had several great reviews–but a lot more bad ones.
If an auto insurance company is unwilling to resolve a complaint, you can contact the Better Business Bureau, or Floridainsurancequotes.net.
Being an educated consumer is the best way to find a policy that meets your needs, and your budge. Shop around, and ask around to find the best auto insurance policy for you.