Criteria such as age, driving history, credit history, the city in which you live, the coverage you choose and the type of vehicle you drive influence the amount of your car insurance in Florida. Understanding these factors and knowing how to save can help you identify the best ways to get cheap car insurance in Florida. Drivers looking for the most affordable car insurance rates in Florida must first understand how several factors affect premiums. According to Autolist, you may also notice a decrease in your insurance rates if you're a senior citizen, a member of the military, a veteran, or if you qualify as a good student, as determined by the insurance company.
Several weather hazards that usually occur in Florida, such as tornados and hurricanes, can damage your car to the point that your insurance company could declare it a total loss. The high rates associated with this additional filing can contribute to car insurance rates in Florida being so expensive. Like most states, Florida requires drivers to have a minimum level of certain types of auto insurance coverage to drive legally. It may be tempting to select minimal coverage to save on car insurance premiums, but keep in mind that, in that case, you'll risk having to pay large out-of-pocket costs related to damage and medical expenses resulting from an accident.
Here are some factors that affect car insurance costs in Florida, ways to save on your car insurance rates, and the insurance companies that offer the cheapest rates on average. Aside from that, the best way to reduce your car insurance costs is to compare the rates of at least three insurance companies. Having a DUI costs about 63 percent more, while an accident could increase rates about 38 percent above the average cost of car insurance in Florida. While it's not part of the state's minimum insurance requirements, buying insurance for uninsured drivers is recommended.
Geico and State Farm are among the cheapest auto insurance companies in Florida, according to Bankrate analysis. Florida is in sixth place among the states with the highest rate of uninsured drivers, which means that the likelihood of being involved in an accident with someone who does not have insurance is higher than in other states. If you live in this state, you should be proactive when comparing auto insurance quotes because car insurance rates in Florida are so expensive.