Florida car insurance rates are among the highest in the country, often nearly doubling that of national average premiums. But you can reduce costs by comparison shopping and taking advantage of available discounts; first step should be understanding what factors influence Florida’s auto insurance premiums.
Insurance companies base their premiums on various factors, including your age, gender, location and driving record. Drivers with impeccable records tend to pay lower premiums while those who have had multiple violations or accidents tend to face the highest rates. Your car also plays an impactful role as certain models are more prone to theft or repairs costs than others.
Your credit score plays a vital role in determining Florida car insurance premiums. A higher credit score can help qualify you for lower premiums while low scores could raise them up to 2.6x more quickly. To improve your score and qualify for lower premiums, timely bill payment and keeping debt levels under control are both key elements in raising or maintaining it.
An additional factor that can impact Florida car insurance rates is how much coverage you purchase. Although Florida only mandates minimum liability coverage, many drivers prefer full-coverage policies which include collision and comprehensive protection to safeguard their cars against other drivers or natural disasters. According to MoneyGeek reports that on average an annual policy containing $300K of bodily injury liability per accident costs an average annual cost of around $1667 in Florida.
If you are a student, recent graduate, or have other circumstances that could affect your rates, be sure to discuss them with an insurance agent. Such special situations could qualify you for discounts or programs which can lower Florida car insurance premiums.
Start comparing Florida car insurance quotes now by using our free quote tool above! Our rate calculations are based on information sourced from thousands of ZIP codes and major car insurers throughout Florida; rates quoted above reflect rates for a single male driver aged 30, with good driving record who drives a 2015 Honda Civic EX. Please keep in mind this data comes directly from insurance company filings; actual quotes may differ significantly!
When shopping for Florida car insurance, we suggest starting by comparing Geico and State Farm rates in your area. Both top-rated companies provide relatively cheap coverage at reasonable rates for most drivers, boasting excellent customer service as well as offering various discounts such as those for military members, federal employees, safe drivers, usage-based car insurance plans from Geico (which could save up to 10% at renewal), usage-based programs from Geico which could save drivers up to 10% at renewal as well as their usage-based car insurance program that could save drivers up to 10% at renewal! For further detailed reviews of the top car insurers available today please use WalletHub reviews which rank and recommend companies according to specific needs and budget requirements – for further detailed rankings check out WalletHub reviews & rankings where our impartial rankings help consumers make informed choices regarding car insurance options from Florida car companies in Florida!