In Florida, the annual cost of car insurance is substantially higher than in neighboring Alabama and Georgia. The average yearly expenditure for car insurance in Florida stands at over $2,200, which is the fourth-highest in the nation. In comparison, Alabama and Georgia drivers pay, on average, approximately $1,200 and $1,600, respectively. In other words, those living in Florida have to deal with super-expensive car insurance.
But then, this begs the question: how exactly do I save money when buying car insurance in Florida? Well, you’re in the right place! Here’s how you can maximize your savings while still getting the car insurance you need to drive with peace of mind:
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Shop Around
Comparing car insurance quotes from different providers is a great way to get the best deal. Take the time to get quotes from at least three different companies, providing the same information each time. This way, you can see which company offers the lowest rates and has the best coverage for your needs.
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Bundle Policies
By combining your auto and home insurance, you could save money on both policies. Getting the same insurance company to cover both your car and house could result in discounted rates compared to buying separate policies from different insurers!
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Capitalize on Discounts
Insurance companies have various discount programs available for buyers that can help them save money. These discounts may be related to the safety features of the vehicle or to switching from a different carrier. However, it is important to note that not all discounts are available in all states or with all carriers, so it is best to contact each prospective insurer to find out which savings opportunities are available.
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Use a Comparison Tool
Using a car insurance comparison tool is an efficient way to compare multiple quotes quickly. With this tool, you can make comparisons from the same place instead of having to visit several websites. However, it is possible it may not provide all possible policy options. Nevertheless, this tool is beneficial in reducing the amount of time it takes to search for quotes and narrowing down your choices.
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Up the Deductible
The deductible is an important factor that affects the price of your car insurance in Florida. It is the amount you are responsible for paying out of pocket when you claim before your insurance company starts to cover the costs. Opting for a higher deductible can lead to a lower overall premium, but remember that you will need to pay more out of pocket should you be in an accident.
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Opt For Pay-Per-Mile Policies
Pay-per-mile car insurance is a type of insurance that uses the number of miles you drive as the primary factor to determine your premium. Other factors, such as age, driving history, and location, are still considered when determining your rate, but the focus is on the number of miles you drive. This type of insurance is a good option for people who don’t drive very often since it is more affordable than traditional car insurance.
Conclusion
While car insurance is quite pricy in Florida, that doesn’t mean you have to overspend on it. By following the tips we’ve shared today, you stand a much better chance at finding the right policy that you need without breaking the bank! Everything from upping your deductible down to comparing quotes will help you save here and there, allowing you to direct that leftover cash to other things.
Florida Manufactured Home Insurance Agency is your go-to insurance expert, offering various policies to meet any insurance-related needs. If you are looking for auto insurance in Florida, get a quote from us today!
