If you have a car in Florida, you need car insurance. Florida requires drivers to carry property damage liability and personal injury protection coverage. The cost of Florida auto insurance depends on several factors. Your state’s crime rate, minimum coverage requirements, and annual mileage will determine your premiums. You can use a Florida car insurance calculator to estimate how much you should pay each month. The calculator also calculates your deductible and other costs.
Cost of car insurance in Florida
There are many factors that can affect the cost of car insurance in Florida. First, drivers’ age can affect their rates. Young drivers are considered high risk and typically pay more than people over age 25. Teen drivers are also more likely to be involved in accidents and have fewer years of driving experience. Fortunately, a variety of discounts and other factors can reduce your rates and give you peace of mind.
Secondly, the state’s population is another factor that can affect your insurance rates. Florida has the third-largest population in the United States, only behind California and New York. This means that Florida drivers are more likely to get into accidents, which in turn can increase your rate.
Minimum required coverage
The state of Florida requires drivers to purchase minimum coverage for car insurance. In Florida, the minimum required coverage is $10,000 in property damage liability insurance and personal injury protection. However, drivers can increase this amount for a low premium. If you want to avoid getting in trouble, you should increase the amount of coverage you purchase.
Although Florida drivers are not required to carry hit-and-run coverage, it is a good idea to carry this coverage. It will protect you from being sued by an uninsured driver. As of 2019, twenty percent of Florida drivers were uninsured, so having this insurance will help you if you are in an accident. Florida is also one of two states that use the FR-44 form in lieu of the SR-22 form for serious infractions.
Annual mileage
The annual mileage of a car plays an important role in determining insurance costs. It is the average amount of miles driven each year, including commuting and leisure trips. Insurance companies will accept an estimate of annual mileage provided by the driver, but it is advisable to contact an insurance agent if you are unsure of your annual mileage.
You must calculate your annual mileage carefully to avoid paying too much. Remember that the more miles you drive, the higher your insurance rate will be.
Crime rate
There are many factors that affect auto insurance rates, and crime rate can play a huge role in determining the cost of a policy. For example, if you live in a high-crime neighborhood, you should expect to pay more for your policy. On the other hand, if you live in a low-crime neighborhood, you may pay less.