Car Insurance Rates In Florida
September 21, 2009 by · Leave a Comment
A big part of moving to a new place is knowing where to get the best prices. If you are new to Florida and need to know where to find the most affordable Florida car insurance rates you have come to the right place. Car insurance in Florida is an extremely competitive industry, as it is in most states. Florida car insurance companies compete for new business vigorously and work hard to protect their customers interest.
The first thing to know about Florida car insurance is the minimum requirements. The state of Florida is a no-fault state, meaning, that the insurance company you have will make payments for injury claims and damage claims regardless of who is at fault. Of course within specified limits as outlined in your policy.
Florida does have minimum insurance laws. Florida does require PIP, with a minimum limit of $10,000, as well as property damage liability coverage with a minimum of $10,000 coverage. If you are involved in an accident you may be required to carry a minimum bodily injury liability coverage as well.
No-fault state laws vary from state to state. However, generally it is much more difficult to sue in a no-fault state and under a no-fault system.
Car insurance rates in Florida fall in line with the national average of $1800 per year. Actually in 2009 that number came in 100 or so dollars less. The number one consideration for anyone searching for affordable car insurance rates in Florida is to be willing to do your due diligence. You absolutely must be willing to take the time and work the various car insurance companies in Florida to get the best rates. It does not hurt to let one company know that you are comparing them to their competitors.
We shopped State Farm car insurance against USAA car insurance for three straight years. Each year the other lowered their premium for a year and then it increased. While it would be nice to have some measure of loyalty to one car insurance company or another economics dictate otherwise.
Car insurance rates in Florida seldom go down. Comparing the current average car insurance rates, the average car insurance rates in Florida are 8% higher in 2009 than 2008. If you have a clean driving record is likely you will get a preferred premium. Insurance companies look for any reason they can to increase a rate.
There are a number of online car insurance resources that can help you with your search. Often you can submit your information to one service or broker and let them shop your car insurance for you. You can find the best Florida car insurance rates but it is not likely that they will find you.
