In 2006, Florida auto insurance premiums averaged $1,069, causing Florida to rank fifth highest in the nation for auto insurance premiums. Those seeking cheap Florida auto insurance might benefit from websites that get quotes from multiple insurance companies to provide the best rates. In Florida, state law requires a minimum of $10,000 personal injury protection and $10,000 property damage liability. Florida has a $20,000 minimum on bodily injury liability. Residents can easily find cheap Florida auto insurance if minimum coverage is all they desire. But for those who want more than minimum coverage, there are still a few things that can save you money.
Several factors could influence your premiums. Insurance companies often exercise the right to check credit scores of applicants, offering discounts to those with high credit scores. If you can, try to improve your credit score before searching for cheap Florida auto insurance. Also, your driving record has an impact on your premiums. Try to keep your record as clean as possible, opting for safe-driving courses instead of paying speeding tickets. Since Florida is an “absolute speed limit” state, going even one mile over the speed limit can result in a ticket. Know the traffic laws and be conscientious of the long-term financial effects of breaking them.
The type of vehicle you drive can also impact your rates. Insurance companies often raise premiums for vehicles among the most stolen. Each year, Florida releases a list of the most stolen vehicles in the state. Check that list before you go vehicle shopping. Avoiding vehicles that make the “most stolen list” each year can help you in acquiring cheap Florida auto insurance. Another way to reduce your premiums is to make sure your vehicles are equipped with devices that will keep you and your loved ones safe. Safety devices such as airbags not only protect your family, but may also help lower premiums. If your car has an alarm, be sure to tell your insurance company, as this feature may reduce your rates. Those looking for cheap insurance might also benefit from living and working in safe areas of town, as well as parking in secured spots such as parking garages. Having a garage attached to your dwelling might also help reduce your rates.
If you live in a part of Florida with high weather extremes and traffic patterns, this might also affect your rates. While this cannot always be avoided, it helps to know your limitations when searching for cheap insurance. Even with limitations, everyone should be able to find cheap Florida auto insurance. While the safety and financial security of your family is first priority, there is no reason to pay extra money.