If you’re looking to get the cheapest rates on automobile insurance in Florida, there are many factors that can affect your search. While going to FloridaInsuranceQuotes.net is a great place to start, remember that there are a great many factors that affect the rates you pay for car insurance in Florida.
The Type Of Car You Drive
Very expensive, high-performance cars are bound to cost more to repair or replace in the event of an accident. Antique cars also come under this heading. They also head the lists of cars singled out for thieves or vandals to damage or steal. You’re going to pay a premium for these kinds of autos and trucks when you insure them. If you want to pay the lowest rates for cheap auto insurance in Florida, consider driving what the average person in Florida drives.
Where You Live
Insurance companies take your community into account when setting your rates. If the area you live in has a lot of accidents, is more densely populated, has higher repair rates for damaged cars, or higher hospital costs, you’re going to pay more for your car insurance.
Boy Or Girl Drivers Matter
Insurance companies use many statistics to determine the risk of insuring you for accidents and injuries. Male drivers are involved in more than twice as many fatal accidents as female drivers. Insurance companies consider younger male drivers as especially bad insurance risks, so be prepared for higher bills if you’re a guy.
How far you commute everyday is one way insurance companies measure your exposure to risk. Expect to pay more if you drive long distances to work or school than if you’re a retiree that rarely drives anywhere.
Your Driving History
If you’re in the market for cheap auto insurance, Florida allows insurers to charge a lot more to drivers who have had accidents or numerous driving violations. If you’re convicted of driving under the influence, your policy rates could skyrocket as well. Insurers could even refuse to cover you at all. Avoid trouble on the road if you want to get the lowest rates.
Insurers charge more for drivers under the age of 25, and also for drivers over the age of 65, because these groups are involved in car accidents at a higher rate than average.
Look After Your Credit History
If you have bad credit, you’re going to be paying more for car insurance. Insurance underwriters are allowed to use your credit reports to assess risk before offering you insurance rate quotes, and many do. There are some situations when the Fair Credit Reporting Act doesn’t allow information from your report to be used in determining your rates:
- Your race
- Your religion
- Your marital status
In addition, if you do not have enough information in your report for any determination of your credit score, the law instructs that you be considered a good risk as far as insurance underwriting is concerned.
Other Factors That Can Affect Cheap Auto Insurance: Florida
- Proof of successful completion of Driver’s Education classes can earn young drivers discounts, and many older drivers can qualify by taking refresher courses as well.
- Retirees can lower their premiums by excluding coverage for lost wages.
- You can drop coverage for collision and comprehensive on your older vehicles after you’ve paid the loan on them. As the cars lose their value, the cost to insure them becomes less attractive.
- Raise your deductibles on your coverage to lower your premiums. Be prepared for higher out-of-pocket costs in the event of an accident, though.
- Make sure you claim all discounts for safety equipment like anti-lock brakes, air bags, and antitheft devices if you qualify for them.