If you’ve recently moved to Florida or have relatives in nearby states, you may get sticker shock when you’re updating your FL car insurance. Florida has an above-average amount of sun but it also has above-average car insurance rates. Here are some easy ways you can reduce your rates and save yourself some money at https://floridainsurancequotes.net/florida-auto-insurance/.
1. Drop Collision Coverage On Paid-Off Cars
When you lease a new vehicle, you are often required to have collision on the vehicle in case an accident occurs before the lien is paid off. Many people continue to keep collision on their vehicle after it’s paid off without realizing it’s no longer required. If your vehicle is worth less than one-thousand dollars, you should consider dropping collision coverage. This does mean that in the event your car is totaled in an accident, your insurer won’t pay damages. However, some people find that the money saved is worth the risk.
2. Skip the Fancy Sports Car
There is a myth that car insurance Florida drivers are offered are affected by the color of your vehicle. That myth is incorrect, however, the make of the car can very well influence how much you pay. Sports cars are flashy, especially in FL where you can drive with the top down year-round. Small SUVs are some of the cheapest automobiles to insure. You can check with your agent for a comparison of premium averages for new models and factor that information in your decision on which is the most affordable car for you.
3. Ask Your Insurer About Discounts
Not all Florida auto insurance rates are equal. There are many factors that determine your premium. Ask your insurer about these common discounts and inquire about what other discounts they offer. Remember, car insurance quotes in Florida from https://floridainsurancequotes.net/florida-auto-insurance/ are also another option when it comes to lower rates.
- Driver’s Ed
- Safety features such as anti-lock brakes and daytime running lights
- Low mileage per year
- Combining car, home and life insurance policies with the same agency
4. Obey Traffic Laws
The fastest way to increase your premium is to get a traffic ticket or have an insurance claim filed against you after a car accident. Keeping your cell phone out of your hand when you’re driving and your eyes on the road will help you keep your rates low.
5. Consider Raising Your Deductible
Having a low deductible seems like a good, cost-effective idea, but the truth is a low deductible often increases the overall premium rate. Consider raising your deductible to $1000 instead of the lowest threshold.
Florida auto insurance takes a significant chunk out of your monthly income. Get the best rate for your budget using these tips on how to save on a policy today. You will be glad you did.