Do you think you bought an underperforming, overpriced car insurance policy? Trust us when we tell you there are many people just like you.

It's hard to believe, but the vast majority of drivers have purchased from the same company for well over three years, and nearly 40% of drivers have never taken the time to shop around. Many drivers in Edgewater can cut their rates by about 55% a year by just comparing rate quotes, but they just assume it takes a lot of time to compare rates online. Multiple insurance companies compete to insure your vehicles, so it can be very hard to choose a provider to get the lowest price on car insurance.

It's a good habit to get comparison quotes at least once a year because prices are variable and change quite frequently. Just because you found the best quotes on car insurance six months ago the chances are good that you can find a lower rate today. Block out anything you think you know about car insurance because you're going to learn the quickest way to remove unneeded coverages and save money.

If you are insured now or are shopping for new coverage, take advantage of these tips to find the best rates without reducing protection. Locating the most cost-effective auto insurance policy in Edgewater is actually quite easy if you know where to start. Vehicle owners just have to use the quickest method to shop for auto insurance from many different companies.

Car insurance providers offering competitive rate quotes in Florida

The companies shown below have been selected to offer free quotes in Florida. If multiple providers are shown, we recommend you get rate quotes from several of them in order to get a fair rate comparison.

Insurance Costs for Popular Vehicles in Edgewater
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Malibu LTZ $1,406 $703 $117
Chevrolet Silverado LT Regular Cab $1,406 $703 $117
Dodge Grand Caravan Hero $1,224 $612 $102
Dodge Ram Quad Cab ST 4WD $1,492 $746 $124
Ford Edge SEL AWD $1,558 $779 $130
Ford Escape XLT 2WD $984 $492 $82
Ford F-150 XL Super Cab 2WD $1,276 $638 $106
Ford Focus SEL 4-Dr Sedan $1,544 $772 $129
Honda Accord EX 2-Dr Coupe $1,478 $739 $123
Honda CR-V LX 4WD $1,252 $626 $104
Honda Civic SI 2-Dr Coupe $1,672 $836 $139
Jeep Grand Cherokee SRT-8 4WD $1,368 $684 $114
Mazda 3 S Sport 4-Dr Hatchback $1,504 $752 $125
Nissan Altima 2.5 4-Dr Sedan $1,258 $629 $105
Toyota Camry XLE $1,168 $584 $97
Toyota Corolla XRS $1,356 $678 $113
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Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Table data does not factor in Edgewater location which can influence rates substantially.

How violations and accidents impact rates

The chart below illustrates how violations and fender-benders can influence Nissan Sentra auto insurance rates for each different age category. The costs are based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are taken into consideration.

Nissan Sentra rates are for example purposes only. To get rates for your specific vehicle, click here.

Higher deductibles lower rates

The chart below shows how different deductible levels and can impact Chevrolet Silverado insurance costs for different age groups. The data assumes a single male driver, full coverage, and no discounts are factored in.

Chevrolet Silverado rates are for example purposes only. To get rates for your specific vehicle, click here.

Physical damage deductibles

One of the hardest decisions when shopping for car insurance is how low should you set your deductibles. The tables below outline the cost difference when you buy lower versus higher physical damage deductibles. The first set of prices uses a $100 deductible and the second pricing table uses a $500 deductible.

Honda Accord rates are for example purposes only. To get rates for your specific vehicle, click here.

Honda Accord insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $312 $532 $354 $20 $106 $1,349 $112
Accord LX 4-Dr Sedan $312 $532 $354 $20 $106 $1,349 $112
Accord EX 4-Dr Sedan $312 $532 $354 $20 $106 $1,349 $112
Accord LX-P 4-Dr Sedan $312 $532 $354 $20 $106 $1,349 $112
Accord LX-P 4-Dr Sedan $312 $532 $354 $20 $106 $1,349 $112
Accord EX-L 4-Dr Sedan $358 $648 $354 $20 $106 $1,511 $126
Accord EX 2-Dr Coupe $358 $764 $472 $28 $142 $1,789 $149
Accord LX-S 2-Dr Coupe $358 $764 $472 $28 $142 $1,789 $149
Accord EX-L 2-Dr Coupe $406 $764 $472 $28 $142 $1,837 $153
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Honda Accord insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $228 $360 $354 $20 $106 $1,068 $89
Accord LX 4-Dr Sedan $228 $360 $354 $20 $106 $1,068 $89
Accord EX 4-Dr Sedan $228 $360 $354 $20 $106 $1,068 $89
Accord LX-P 4-Dr Sedan $228 $360 $354 $20 $106 $1,068 $89
Accord LX-P 4-Dr Sedan $228 $360 $354 $20 $106 $1,068 $89
Accord EX-L 4-Dr Sedan $262 $438 $354 $20 $106 $1,180 $98
Accord EX 2-Dr Coupe $262 $516 $472 $28 $142 $1,420 $118
Accord LX-S 2-Dr Coupe $262 $516 $472 $28 $142 $1,420 $118
Accord EX-L 2-Dr Coupe $296 $516 $472 $28 $142 $1,454 $121
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Rates do not factor in specific location which can influence coverage rates considerably.

Based on these figures, using a $100 deductible would cost the average driver about $26 more each month or $312 annually than opting for the higher $500 deductible. Since the policyholder would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you go more than 15 months between claims, you would probably save some money if you choose a higher deductible. Here is how this calculation is made.

Average monthly premium for $100 deductibles: $126
Average monthly premium for $500 deductibles (subtract): - $100
Monthly savings from raising deductible: $26
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $26
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

One important issue to know is that a higher deductible level means you will have to cover more of the damage yourself when you have a claim. That will require some extra savings in order to pay the deductible for vehicle repair.

Are you receiving every discount?

Not too many consumers would say insurance is affordable, but there are discounts available that may help make it more affordable. A few discounts will automatically apply at the time of purchase, but less common discounts must be asked for before you will receive the discount.Discount insurance

It's important to note that most credits do not apply to your bottom line cost. Most only apply to individual premiums such as liability and collision coverage. So when the math indicates adding up those discounts means a free policy, insurance companies wouldn't stay in business.

Larger insurance companies and the discounts they provide are detailed below.

If you need lower rates, check with every insurance company which discounts can lower your rates. Savings might not apply in Edgewater. If you would like to choose from a list of providers who offer insurance discounts in Florida, follow this link.

Local Edgewater auto insurance agents

Some consumers just want to sit down with an agent and we recommend doing that Experienced insurance agents are trained risk managers and will help you if you have claims. One of the benefits of getting online price quotes is that you can obtain cheap rate quotes and still have an agent to talk to.

Insurance agency in EdgewaterAfter filling out this short form, your coverage information is submitted to agents in your area who will return price quotes to get your business. There is no reason to contact any agents because prices are sent to the email address you provide. If for some reason you want to get a price quote from a specific company, feel free to find their quoting web page to submit a rate quote request.

Deciding on an insurer should depend on more than just the bottom line cost. You should also get answers to these questions.

If you're trying to find a reliable insurance agency, it's important to understand the different types of agencies and how they differ in how they can insure your vehicles. Edgewater agents are considered either independent agents or exclusive agents depending on their employer. Either can properly insure your vehicles, but it's worth mentioning the subtle differences because it can factor into the kind of agent you use.

Exclusive Agents

These type of agents generally can only insure with one company and examples are State Farm, Allstate, or Farmers Insurance. These agents are unable to compare rates from other companies so you might not find the best rates. Exclusive agents are well schooled on the products they sell and that allows them to sell at a higher price point.

Independent Agents

These agents do not sell for just one brand and that allows them to write policies with a variety of different insurance companies and possibly get better coverage at lower prices. To transfer your coverage to a different company, your policy is moved internally and you stay with the same agent. When comparing car insurance rates, you absolutely need to get quotes from independent agents to get the best comparison.

Upon getting reasonable responses for all questions you ask as well as a price you're happy with, you may have found an insurance agency that will adequately provide car insurance.

Big brands don't always mean big savings

Consumers can't ignore all the ads for insurance savings from companies such as 21st Century, Allstate and State Farm. All the companies make an identical promise that people will save just by switching your policy.

But how can every company give you a better price on insurance? You have to listen carefully.

Insurance providers have underwriting criteria for the driver that will most likely be profitable. For example, a profitable customer could be between the ages of 40 and 55, carries high limits, and drives less than 10,000 miles a year. Any customer that fits those parameters will probably get cheap prices and will probably save money with a new company.

Potential insureds who may not quite match these stringent criteria will see a higher rate which translates to the prospect going elsewhere. The ad wording is "customers who switch" but not "everyone who gets a quote" save that kind of money. That's the way insurance companies can advertise the savings. That is why you really should do a quote comparison often. You cannot predict which insurance company will be your best fit.

Be persistent to save money

Cheaper auto insurance in Edgewater is attainable on the web as well as from independent agents in Edgewater, so you should compare both in order to have the best price selection to choose from. A few companies do not provide online rate quotes and these small, regional companies work with local independent agencies.

As you prepare to switch companies, make sure you don't buy lower coverage limits just to save a few bucks. Too many times, consumers will sacrifice uninsured motorist or liability limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your aim should be to find the BEST coverage at the best possible price but still have enough coverage for asset protection.

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