Florida is notorious for having some of the highest car insurance rates in the nation – nearly double of what is required nationally – making life harder for Floridians trying to make ends meet.
Reasons for Florida’s high accident rates vary: Florida drivers experience more accidents than in many other states; healthcare costs are higher; there is a large population of uninsured drivers; but other factors could play a part, including insurance fraud, theft rates rising exponentially and repair costs for damaged cars.
However, there are steps you can take to lower your premiums. The first step should be understanding what factors determine your insurance rate – age, gender and driving history are the most significant influences; but other variables like credit score and city of residence could have significant bearing.
An insurance calculator can assist in estimating the cost of meeting state requirements for car insurance policies. It takes into account such variables as your type of car, whether or not financing is involved and the level of protection desired in case of an accident. Furthermore, it offers insight into coverage types to add for greater protection or drop to save money.
To use our Florida car insurance calculator, simply provide information about yourself and your vehicle. Select options that meet your specific needs from among available options – our tool will display both the most affordable plans as well as those offering comprehensive coverage – while providing advice about which coverages may save money as well as minimum requirements in your state.
Your vehicle choice also plays a part in Florida car insurance rates; opting for vehicles with good safety features and crash test ratings could lower them significantly; for instance, drivers typically pay less when selecting Honda Odysseys, Toyota Priuss or Ford F-150s over BMW 330is.
Additionally, selecting an amount of coverage has a dramatic effect on your insurance rate. A liability-only policy with minimum state limits will likely be more cost effective than one providing collision and comprehensive protection as well as uninsured motorist protection. You could even save money by choosing a higher deductible payment option and paying less each month.
Events like moving, marriage and homebuying can have a drastic effect on car insurance rates, particularly if they require changes to your type or level of coverage. Our calculator can help you predict how such changes might impact you as they happen and help determine any additional protection needed for assets and income protection. By considering all these variables together, our tool will assist in finding you a policy tailored exactly to meet your needs at an affordable cost.