Want to know an easy way to compare lower-priced car insurance rates in Margate, FL? Having to pay for overpriced car insurance in Margate can overdraw your bank account and make it tough to pay other bills.

Unbelievably, 70% of consumers have bought car insurance from the same company for well over three years, and nearly the majority have never compared car insurance rates at all. The average driver in Margate could save an average of about $1,100 each year by just comparing rate quotes, but they don't want to spend time to find cheaper rates by getting comparison quotes. Big-name insurance companies like Allstate, Progressive and GEICO increase brand awareness with TV and radio ads and it is difficult to avoid their marketing magic and effectively compare rates to find the best deal.

Margate car insurance costs are influenced by these factors

A large part of saving on car insurance is knowing some of the elements that go into determining your car insurance rates. If you know what positively or negatively impacts your premiums, this empowers consumers to make smart changes that can help you get lower car insurance prices. Many things are part of the calculation when pricing auto insurance. Some of the criteria are obvious such as traffic violations, but other factors are not as apparent like where you live or your vehicle rating.

The list below includes some of the most rate-impacting factors companies use to determine your rate level.

How to get cheap insurance in Margate

Getting cheaper insurance pricing doesn't have to be difficult. All you need to do is take the time to get quotes online with multiple companies.

It's so fast and easy to compare quotes online that it replaces the need to call or drive to each insurance agency near you. Comparing insurance rates online can eliminate the need for a local agent unless you have a complicated situation and need the trained advice of a local agent. If you prefer, some companies allow you to compare the best prices online but purchase the actual policy in an agency.

The companies in the list below have been selected to offer quotes in Florida. If several companies are displayed, it's highly recommended you click on several of them to find the most competitive auto insurance rates.

Insurance Price Estimates for Popular Vehicles in Margate
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Colorado LT Extended Cab 4WD $1,188 $594 $99
Chevrolet Equinox LTZ AWD $1,372 $686 $114
Chevrolet Malibu LS $1,224 $612 $102
Chevrolet Silverado LT Crew Cab 2WD $1,258 $629 $105
Dodge Ram Quad Cab Laramie 2WD $1,152 $576 $96
Ford Escape XLS 2WD $1,346 $673 $112
Ford Explorer XLT AWD $1,238 $619 $103
Ford F-150 Lariat King Ranch 2WD $1,190 $595 $99
Ford Focus SE 4-Dr Sedan $1,082 $541 $90
Honda Accord LX 4-Dr Sedan $1,068 $534 $89
Honda CR-V EX 4WD $1,102 $551 $92
Honda Civic SI 2-Dr Coupe $1,676 $838 $140
Hyundai Elantra GLS 4-Dr Sedan $1,770 $885 $148
Jeep Grand Cherokee Limited 4WD $1,356 $678 $113
Nissan Altima Hybrid 4-Dr Sedan $1,062 $531 $89
Toyota Camry LE $990 $495 $83
Toyota Corolla S $1,314 $657 $110
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Data variables include married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Table data does not factor in garaging location in Margate which can alter rates considerably.

Policy deductible comparison

The example below highlights how deductible selection and can impact Kia Optima insurance rates for different age groups. The premium estimates are based on a married female driver, full physical damage coverage, and no discounts are factored in.

Kia Optima rates are for example purposes only. To get rates for your specific vehicle, click here.

Car insurance deductibles

One of the hardest decisions when shopping for car insurance is how high should the physical damage coverage deductibles be. The premium rates below determine the cost difference between high and low comp and collision deductibles. The first set of rates uses a $250 deductible for physical damage and the second set of rates uses a $1,000 deductible.

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

Chevrolet Malibu insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $322 $544 $418 $24 $124 $1,457 $121
Malibu Hybrid $322 $544 $418 $24 $124 $1,457 $121
Malibu LT $364 $544 $418 $24 $124 $1,499 $125
Malibu LTZ $364 $640 $418 $24 $124 $1,595 $133
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Chevrolet Malibu insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $200 $342 $418 $24 $124 $1,108 $92
Malibu Hybrid $200 $342 $418 $24 $124 $1,108 $92
Malibu LT $224 $342 $418 $24 $124 $1,132 $94
Malibu LTZ $224 $402 $418 $24 $124 $1,192 $99
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Price information does not factor in specific location information which can revise prices greatly.

Based on the data above, we can derive that using a $250 deductible will cost you approximately $31 more each month or $372 a year than buying the higher $1,000 deductible. Because you would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average at least 24 months between claims, you would probably save some money if you decide on a higher deductible.

Be skeptical of insurance ads

Consumers can't escape the ads that promise big savings for switching by Allstate, GEICO and Progressive. They all seem to tend to make the same promise that drivers will save a bundle if you change your coverage to them.

Is it even possible that every company can charge you a lower premium? This is the way they can do it.

Companies can use profiling for the type of insured that will not have excessive claims. For instance, this type of risk profile might be over the age of 45, has had continuous coverage, and the vehicle is rated for pleasure use. A propective insured that meets those criteria will most likely get cheap rates and will also save money with a new company.

Potential customers who don't qualify for the "perfect" profile will be charged a higher premium and this can result in business not being written. The trick companies use is to say "drivers that switch" not "everybody who quotes" save that much when switching. That's why companies can truthfully state the savings. Because of the profiling, you really should compare as many free Margate car insurance quotes as you can. Because without a comparison, you cannot know which insurance company will have the lowest rate quotes.

Here's why insurance is not optional

Despite the potentially high cost of insurance, paying for insurance may be required and benefits you in several ways.

The benefits of insuring your car more than offset the price you pay, particularly for liability claims. According to a 2015 survey, the average American driver is overpaying more than $865 each year so smart consumers compare quotes each time the policy renews to be sure current rates are still competitive.

Discounts can help lower rates on car insurance

Car insurance is not an enjoyable expense, but you might find some hidden discounts that you may not even be aware of. Certain discounts will be triggered automatically at quote time, but occasionally some discounts must be requested specifically prior to getting the savings.Save money with discounts

A quick disclaimer, most of the big mark downs will not be given to all coverage premiums. A few only apply to the price of certain insurance coverages like comp or med pay. Just because you may think it's possible to get free car insurance, insurance companies wouldn't stay in business.

A few companies that possibly offer some of the discounts shown above possibly include:

Before you buy a policy, ask every insurance company how you can save money. Some credits may not be available in Margate. For a list of providers who offer online car insurance quotes in Florida, click here.

Will just any policy work for me?

When quoting and choosing your policy for your personal vehicles, there really is not a "best" method to buy coverage. Every situation is different so your insurance should reflect thatDrive safe and save These are some specific questions might help in determining whether you might need an agent's assistance.

If you can't answer these questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area. It only takes a few minutes and can help protect your family.

Best and worst vehicle claim statistics

Which makes and models have the most claims? The following claim statistics list the best and worst vehicles for likelihood of having to file claims orgainized by coverage.

Medical Payment Coverage Claims by Vehicle Model
Lowest Claim Amount Highest Claim Amount
Chevrolet Silverado 2500 Nissan Versa
Audi A4 Allroad Mitsubishi Lancer
Ford F-350 SuperCrew Kia Forte
Chevrolet Corvette Dodge Charger
Tesla Model S Chrysler 200
Ford Expedition Chevrolet Spark

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Collision Coverage Claims by Vehicle Model
Lowest Claim Amount Highest Claim Amount
GMC Canyon Maserati Ghibli
Ford F-150 SuperCrew BMW M6
Chevrolet Colorado BMW 6 Series
Smart ForTwo Nissan GT-R
Ford Edge Maserati Granturismo
Nissan Xterra Bently Continental GT

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Comprehensive Insurance Claims by Manufacturer Model
Lowest Claim Amount Highest Claim Amount
Nissan Xterra Bentley Continental GT
Nissan Leaf Porsche Panamera GTS
Infiniti QX50 Bentley Continental GTC
Volvo V60 BMW M6
Ford F-350 BMW M6
GMC Sierra 2500 Maserati Granturismo

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Lowest and Highest Liability Insurance Claims by Vehicle Make and Model
Lowest Claim Amount Highest Claim Amount
Audi A6 Mitsubishi Mirage
Subaru Forester Chrysler 200
Volvo XC60 Kia Rio
Acura MDX Chevrolet Impala
Mercedes-Benz SL Class Dodge Charger
Fiat 500 Hyndai Accent

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Affordable car insurance premiums are possible

When buying insurance coverage, do not skimp on coverage in order to save money. There have been many cases where an insured cut comprehensive coverage or liability limits only to regret that the small savings ended up costing them much more. The goal is to get the best coverage possible at an affordable rate, but don't skip important coverages to save money.

Throughout this article, we presented a lot of techniques to save on car insurance in Margate. The key thing to remember is the more you quote Margate car insurance, the better chance you'll have of finding cheap Margate car insurance quotes. Consumers may even find the most savings is with a smaller regional carrier. Regional companies can often insure niche markets at a lower cost compared to the large companies like Allstate or State Farm.

For more information, take a look at the resources below: