Car insurance is mandatory for all Florida drivers, but that doesn’t mean you have to break the bank to get proper coverage for you and your vehicle. Read on to learn everything you need to know in order to find inexpensive full coverage car insurance in Florida that will meet your needs.
Why Do I Need or Want Full Coverage Car Insurance?
Generally, people get full coverage car insurance because they either want to more thoroughly protect their investment and finances or they’re required to carry full-coverage insurance. If the latter is the case for you, you most likely leased your vehicle or agreed to an auto loan that requires full-coverage car insurance.
Whichever might be the case for you, finding cheap full coverage car insurance may be high on your to-do list these days. Full coverage is often one of the most expensive types of car insurance. It consists of three parts: liability, collision, and comprehensive insurance.
Liability insurance protects the other driver or property owner by covering medical or property repair costs resulting from a collision in which you’re at fault. Collision insurance helps you pay for the costs of your bodily injuries and property damage in an accident. Comprehensive insurance helps pay for non-collision situations, such as a branch hitting your vehicle or hail damage.
To drive legally in Florida, a driver must have a personal injury protection plan that covers a minimum of $10,000 and a property damage liability plan that covers at least $10,000. However, if you’re searching for full coverage car insurance in Florida, you’ll likely have these minimum requirements easily covered.
Who Has the Cheapest Full Coverage Car Insurance in Florida?
According to ValuePenguin, some of the cheapest average rates for full coverage car insurance in Florida come from four of the biggest names:
- GEICO: $141 monthly
- State Farm: $141 monthly
- Progressive: $351 monthly
- Allstate: $385 monthly
These are just a few of the average rates for full coverage car insurance plans in Florida. Your actual rate may be higher or lower, depending on your situation. The cheapest option for you may not be on the list. This is why it’s important to shop around until you find the cheapest full coverage car insurance rates for your specific circumstances.
The averages for Florida car insurance can vary widely, depending on whether you’re doing most of your driving in the city or out in the country. The higher the rates of car collisions in your area, the more you’ll likely pay for your car insurance. Consider asking people in your area where they get their car insurance so that you can find the best deals for your location.
What Affects the Cost of Your Full Coverage Car Insurance?
The reason it can be misleading and difficult to recommend one company to every driver is that each company has its own way of determining how much it’s going to charge a policyholder for insurance.
For example, your vehicle’s make and model can play a large part in determining your full coverage insurance payment amount. But two people driving cars with the same year, make, and model can still pay very different amounts for the same coverage through the same company. This is because insurance companies use a variety of information about you to calculate the cost of your insurance, including:
- Your age
- Your location, even within Florida
- Your driving history
- Your credit score
- Your average annual mileage
- Your marital status
The list of influences goes on. Not every company weighs these factors the same. Again, this is why it’s important that you shop around for your full coverage car insurance in Florida before you go all-in on a company.
How To Make Full Coverage Car Insurance Cheaper
You’re not forever tied to expensive full coverage car insurance. There are several ways you can reduce the cost of your car insurance, whether it’s years from now or next month. Let’s get into some of the most effective ways to lower your car insurance payments.
Part of the full coverage car insurance shopping experience is getting quotes from multiple car insurance companies before you decide to sign up for a plan. These quotes are free to get, and though insurance companies will use your credit score to create them, they don’t negatively affect your score. You can get as many quotes as you want to ensure you’re getting the best price for you and your vehicle.
If you’re already paying for other types of insurance, such as home insurance, talk to your insurance company about bundling. Most of the major insurance companies want you to sign up for as many plans and policies through them as possible. You can get discounts on your insurance by bundling your policies through one company. If you’re insuring two vehicles, you can also often find discounts for insuring multiple vehicles through one company.
Having a clean driving record is a great way to lower the cost of your car insurance. The longer it’s been since you’ve needed to use your insurance due to a crash, the cheaper your insurance could potentially be. Another option to look into is seeing whether your insurance company offers cheaper rates for drivers who take safe or defensive driving courses. You might also be able to sign up for programs that put cameras and monitors in your vehicle to measure how safely you drive.
Ask About Discounts
Whether you’re considering an insurance company or you’ve already entered into an agreement with one, you should ask your agent if they have any discounts available to you. Depending on the company, you might be able to get a discount on your insurance thanks to your veteran or student status, how many safety features your vehicle has, and so on.
These are just a few of the methods you can use to acquire cheap full coverage car insurance for yourself. Full coverage car insurance is one of the best ways to protect your investment and yourself, but it is generally a somewhat expensive way to do so. But with this information in mind and a little research, you may be able to find better deals on your insurance plan.
At FIXD, our mission is to make car ownership as simple, easy, and affordable as possible. Our research team utilizes the latest automotive data and insights to create tools and resources that help drivers get peace of mind and save money over the life of their car.