Car Insurance Rates In Florida

Are you looking for the best car insurance rates in Florida? If so, you’ve come to the right place. In this article, we’ll provide an overview of car insurance rates in Florida, and provide tips for finding the best car insurance rate for your needs.

What’s the Average Car Insurance Rate in Florida?

The average car insurance rate in Florida is $1,584 per year, according to a recent study by the Insurance Information Institute. This is slightly above the national average of $1,541 per year. However, rates vary greatly depending on your driving record, vehicle type, and other factors.

Factors that Affect Car Insurance Rates in Florida

There are a number of factors that can affect your car insurance rate in Florida. These include your age, gender, marital status, driving record, the type of vehicle you drive, and the amount of coverage you choose. Your credit score can also affect your rate. Additionally, car insurance rates in Florida can vary greatly depending on the insurance company you choose.

How to Find the Best Car Insurance Rate in Florida

If you’re looking for the best car insurance rate in Florida, the best way to find it is to shop around. Compare rates from multiple insurance companies to find the best deal. Also, consider raising your deductible, as this can lower your rate. Make sure to check for any available discounts, such as for safe driving or having multiple vehicles on the same policy. In addition, consider bundling other types of insurance, such as home or life insurance, with your auto policy for additional savings.

Florida Car Insurance Requirements

In the state of Florida, all drivers are required to carry at least $10,000 in personal injury protection (PIP) and $10,000 in property damage liability (PDL) coverage. Additionally, drivers must also have bodily injury liability (BIL) coverage, with a minimum limit of $20,000 per person and $40,000 per accident. It is important to note that liability coverage does not cover damages to your own vehicle; you’ll need to purchase additional coverage for this.

Tips for Lowering Your Car Insurance Rate in Florida

There are a few ways to lower your car insurance rate in Florida. Consider taking a defensive driving course, as this can often result in a lower rate. Additionally, maintain a clean driving record and consider raising your deductible. Finally, look for any discounts that may be available, such as for bundling multiple types of insurance or for having multiple vehicles on the same policy.

Conclusion

Car insurance rates in Florida can vary greatly depending on a number of factors. The best way to find the best rate is to shop around and compare rates from multiple insurers. Additionally, consider taking a defensive driving course, maintaining a clean driving record, and raising your deductible. Finally, look for any discounts that may be available to help lower your rate.

Sources

Insurance Information Institute, Average Car Insurance Rates by State, https://www.iii.org/fact-statistic/average-car-insurance-rates-by-state.