A clean driving record is free of accidents, traffic violations, or points. Car insurance companies also like to have a free record of claims. Florida auto insurance rates are high for several reasons, including state laws on no-fault auto insurance, exposure to risk due to extreme weather conditions, the average profile of drivers, and the number of uninsured drivers. Your motor vehicle history is one of the major factors that influence car insurance rates.
One of the best ways to keep your car insurance premiums low is to maintain a clean driving record. A clean record shows that you drive safely and that you have a lower risk of insuring. On the other hand, traffic violations, accidents, and convictions can increase rates significantly. Learn more about how accidents affect car insurance and how car insurance works.
With these factors, you may be able to find an auto insurance company that offers the coverage you want at a lower price in Florida than what you're currently paying. On the other hand, a driving record showing several car accidents, a suspended driver's license, and a long list of speeding tickets indicate to the insurance company that you are likely to file a claim and, therefore, it will be riskier to insure it. Your driving record can lower or increase your premiums, although some insurance companies may even cancel it or refuse to insure you if they think you are at too high a risk. For example, insuring a 10-year version of the same car will cost less than the new model, since it is less valuable.
The more coverage you have to buy in your state and the more valuable your vehicle is, the more you'll pay for car insurance. In addition to fines and driver's license points, Florida drivers convicted of a speeding ticket are likely to see an increase in their insurance premiums. For example, if you're caught driving with an expired license, you could completely lose your car insurance coverage or have to pay a higher premium if the insurance company discovers that you've been driving with an expired license. Over the past six years, auto insurance rates in Florida have steadily increased, according to the MoneyGeek ranking, which went from being the 43rd most affordable state in terms of coverage to 46th.
Auto insurance rates tend to increase over time, due to factors such as population growth, rising health care costs, and technological advances that make vehicle repairs more expensive. The average auto insurance premium has also become more expensive, increasing by more than 50% over the past 10 years. The cost of car insurance generally declines the most between 18 and 19 years of age, when rates drop by about 25% on average. Florida is in sixth place among the states with the highest rate of uninsured drivers, meaning that the likelihood of being involved in an accident with someone who does not have insurance is higher than in other states.
In addition to rising car insurance rates, there are other factors to consider if you receive a traffic ticket in Florida. The most important factors affecting car insurance rates are state coverage requirements, age, and the make and model of the car. A clean driving record can lower your car insurance rate because you're considered a lower-risk driver to insure. The risk to the insurer and the cost to the insured generally decrease as drivers age and gain experience.