Florida has some of the highest auto rates in the country, so it can really pay to shop around for the lowest priced policy. Car insurance policy rates vary widely from one company to the next, even when comparing policies in the same city. The low cost auto coverage Florida drivers want can depend on other factors besides the underwriter, so wise consumers should educate themselves on ways to pay as little as possible while still getting the coverage they need.
There Are Many Insurers In Florida Offering Many Different Policies
There are over twenty-five different companies offering coverage in the state of Florida. If you’re looking for low cost auto insurance, Florida is very high on average, but where in Florida you live can make a big difference. For a family of four, with two late model cars, typical premiums can vary from a low of $540 in Gainesville to a high of $1325 in Miami. The average cost for insuring a car in Florida is around $1000 if you average the rates for the thirty largest metropolitan areas.
On average, rates are slightly more expensive for men than for women. While men should expect to pay around ten percent more than women for the same policy, rates can vary between insurers, and some insurers offer lower rates to men for the same policy. Older drivers also can expect around a ten percent premium savings over younger drivers, but that also varies with the insurer chosen. These differences point out the importance of the shopper to be informed about rates in general, and to shop around for the best rates with a variety of insurers to make sure they don’t overpay.
Know What’s Required For Car Insurance Before You Shop Around
It’s important when you’re shopping for auto insurance in Florida to know what you are required to carry at a minimum, and also what optional policy would be wisest for you to carry as well, so that you can compare rates on an apples to apples basis.
All persons that operate a motor vehicle are required to have a policy. The Florida minimum car insurance coverage is $10,000 of personal injury protection and $10,000 of property damage liability. Remember that these only cover injuries and damage to other people and their property, not you or you car. If you are involved in an accident, you will have to prove you were not at fault in order to be paid for damage to your car or injuries to yourself, and the other company will then pay any money you receive.
It’s possible to purchase so-called no fault insurance in Florida, which will pay you up to the limits of your coverage no matter who is found to be at fault in an accident. This coverage is referred to as Personal Injury Protection, or PIP. It also covers you and members of your household when they’re riding on a school bus, cycling, or even when out walking. In addition to PIP, you can also get Bodily Injury Liability and Property Damage Liability coverage to insure you and your family and property against loss or injury, and to cover you if you’re sued for injury or damage you or a family member causes while driving.