Category: Auto Insurance

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:

1. 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.

2. 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!

3. 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.

4. 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.

5. 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.

6. 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!

How much car insurance are you legally required to have when driving in the state of Florida?

Insurance laws can be confusing since they change by state. So we’ll start off with a simple question and a straightforward answer:

Is Car Insurance Required in Florida?

In the state of Florida, all drivers are required to have a minimum of $10,000 in personal injury protection (PIP) insurance. PIP insurance covers you and your passengers in the event of an accident, regardless of who is at fault. In addition to PIP insurance, Florida drivers are also required to have $10,000 in property damage liability (PDL) insurance.

Are There Any Exceptions to Florida Insurance Requirements?

There are a few exceptions to the insurance requirements in Florida. Drivers who are members of certain religious organizations may be exempt from the PIP insurance requirement if they can provide proof of financial responsibility. Drivers who are enrolled in a state-approved driver training course may also be exempt from the PIP insurance requirement.

What Happens If You Are Caught Without Auto Insurance in Florida?

If you are caught driving without auto insurance in Florida, you could face a number of penalties. These include a fine of up to $500, suspension of your driver’s license for up to three years, and impoundment of your vehicle. You may also be required to complete a Florida Insurance Plan course.

What Does a “No-Fault” Liability Mean?

If you live in a no-fault car insurance state, it means that your own car insurance company will pay your personal injury claims up to your policy limits, regardless of who caused the accident.

No-fault laws were enacted to reduce the number of lawsuits filed against insurers and to keep premiums low. By limiting lawsuits, insurers could better predict their losses, and rates would be more stable.

The problem with no-fault systems is that they often don’t provide enough compensation to victims of serious accidents. That’s why many states have adopted a hybrid system that includes both no-fault and fault-based coverage.

In a no-fault state, your insurer will pay for your medical bills and lost wages up to your policy limits, regardless of who caused the accident. If you’re injured in a car accident, you can’t sue the other driver for pain and suffering unless your injuries meet a certain threshold.

No-fault laws vary from state to state. Some states have a pure no-fault system, while others have a hybrid system that includes both no-fault and fault-based coverage.

If you live in a no-fault state, it’s important to understand how the system works and what your rights are.

What Is Personal Injury Protection in Florida?

Personal injury protection (PIP) is a type of no-fault insurance that is required in some states, like Florida. PIP covers your medical expenses and lost wages if you’re injured in a car accident, regardless of who is at fault.

PIP is sometimes called “no-fault” insurance because it pays your medical bills and lost wages regardless of who caused the accident.

PIP is required in Florida if you have a car insurance policy. PIP pays for your medical bills and lost wages up to the limits of your policy, no matter who caused the accident.

PIP coverage is limited to $10,000 in Florida. If your medical bills and lost wages exceed $10,000, you may be able to sue the at-fault driver for additional compensation.

PIP coverage is optional in some states, but it’s required in Florida. If you have a car insurance policy in Florida, you must have PIP coverage.

Conclusion

Florida law requires all drivers to have at least the minimum amount of car insurance coverage in order to legally operate a vehicle on public roads. The state also has a no-fault insurance system, which means that each driver’s own insurance company will pay for their medical expenses and lost wages up to a certain limit after an accident, regardless of who was at fault. Drivers in Florida are also required to carry personal injury protection (PIP) coverage.

Florida Manufactured Home Insurance Agency offers an array of services and products, including auto insurance in Florida. Get in touch with us to learn more!