No sane person likes having to buy auto insurance, especially knowing they are paying too much.

A recent survey discovered that a large majority of auto insurance policyholders in Florida have stayed with the same insurance company for a minimum of four years, and nearly the majority have never shopped around. Consumers in America could cut their rates by about 47% a year, but they underestimate the benefits if they moved their coverage to a different company.

Consumers have so many auto insurance companies to pick from, and although it's a good thing to have a choice, more choices can make it harder to compare rates.

Car insurance companies offering competitive price quotes in Florida

The providers in the list below offer comparison quotes in Florida. If more than one company is shown, it's a good idea that you visit two to three different companies to find the lowest car insurance rates.

Insurance Rates for Popular Vehicles in Hialeah Gardens
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Colorado LT 4WD $984 $492 $82
Chevrolet Silverado LTZ Crew Cab 2WD $1,414 $707 $118
Dodge Ram Crew Cab ST 2WD $1,434 $717 $120
Ford Escape XLT 2WD $1,246 $623 $104
Ford F-150 Lariat King Ranch 4WD $1,252 $626 $104
Ford Focus SES 2-Dr Coupe $1,410 $705 $118
Honda Accord EX 4-Dr Sedan $1,110 $555 $93
Honda CR-V EX-L 4WD $1,140 $570 $95
Honda Civic SI 4-Dr Sedan $1,228 $614 $102
Mazda 3 I SV 4-Dr Sedan $1,452 $726 $121
Nissan Altima 2.5 4-Dr Sedan $1,266 $633 $106
Toyota Camry XLE $1,208 $604 $101
Toyota Corolla S $1,162 $581 $97
Toyota Prius $1,034 $517 $86
Toyota RAV4 Limited 4WD $1,660 $830 $138
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Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Table data does not factor in specific zip code location which can impact coverage rates greatly.

Higher deductibles lower rates

One of the hardest decisions when shopping for auto insurance is how high should the physical damage coverage deductibles be. The data tables below help summarize the difference in cost when you buy lower versus higher policy deductibles. The first pricing table uses a $250 physical damage coverage deductible and the second price chart uses a $1,000 deductible.

Hyundai Elantra rates are for example purposes only. To get rates for your specific vehicle, click here.

Hyundai Elantra insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $280 $446 $354 $20 $106 $1,231 $103
Elantra Blue 4-Dr Sedan $280 $640 $418 $24 $124 $1,511 $126
Elantra GLS 4-Dr Sedan $322 $640 $418 $24 $124 $1,553 $129
Elantra SE 4-Dr Sedan $322 $640 $418 $24 $124 $1,553 $129
Elantra SE Touring Station Wagon $322 $544 $354 $20 $106 $1,371 $114
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Hyundai Elantra insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $174 $280 $354 $20 $106 $934 $78
Elantra Blue 4-Dr Sedan $174 $402 $418 $24 $124 $1,142 $95
Elantra GLS 4-Dr Sedan $200 $402 $418 $24 $124 $1,168 $97
Elantra SE 4-Dr Sedan $200 $402 $418 $24 $124 $1,168 $97
Elantra SE Touring Station Wagon $200 $342 $354 $20 $106 $1,022 $85
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Price information does not factor in your specific Hialeah Gardens location which can influence premium rates substantially.

Based on the data above, we can derive that using a $250 deductible would cost the average driver about $30 more each month or $360 every year than buying the higher $1,000 deductible. Since you would pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you have at least 25 months between claims, you would probably be better off by selecting a higher deductible. Below is how this decision is made.

Average monthly premium for $250 deductibles: $120
Average monthly premium for $1,000 deductibles (subtract): - $90
Monthly savings from raising deductible: $30
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $30
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 25 months

An important thing to remember is that raising deductibles to save money results in more money out-of-pocket when you have a comprehensive or collision claim. You should have enough money put aside in order to pay the higher deductible.

Where to set your deductibles

The diagram below illustrates how your deductible choice and can raise or lower Hyundai Elantra yearly insurance costs for different age groups. The information is based on a single female driver, comp and collision included, and no additional discounts are factored in.

Hyundai Elantra rates are for example purposes only. To get rates for your specific vehicle, click here.

Full coverage or liability only

The example below illustrates the comparison of Chevrolet Silverado insurance rates with and without physical damage coverage. The data is based on no violations or claims, $1,000 deductibles, single male driver, and no additional discounts are factored in.

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

When to drop comp and collision

There is no clear-cut formula to stop buying comp and collision coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than around 10% of replacement cost minus your deductible, then it may be the right time to buy liability only.

For example, let's pretend your Chevrolet Silverado book value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $4,000 after paying your policy deductible. If premium cost is more than $400 a year for physical damage coverage, then it might be time to buy liability only.

There are a few cases where removing full coverage is not a good plan. If you haven't paid off your loan, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not buy liability only.

Discounts can help lower premiums on auto insurance

Some insurance providers don't list the complete list of policy discounts very well, so here is a list some of the best known and the harder-to-find credits that you can use to lower your rates.Save money with discounts

As a footnote on discounts, most discounts do not apply to the entire policy premium. The majority will only reduce individual premiums such as medical payments or collision. So even though they make it sound like you would end up receiving a 100% discount, company stockholders wouldn't be very happy. But any discount should help reduce your policy cost.

Popular auto insurance companies and the discounts they provide are:

If you need lower rates, check with each company or agent how many discounts you can get. Some of the earlier mentioned discounts may not apply in your area. To choose companies offering auto insurance discounts in Hialeah Gardens, click here.

Will just any policy work for me?

When quoting and choosing adequate coverage for your personal vehicles, there really is no "best" method to buy coverage. Every insured's situation is different so your insurance should reflect thatSafe vehicles cost less to insure For example, these questions may help highlight whether your personal situation might need professional guidance.

If you don't know the answers to these questions then you might want to talk to a licensed agent. If you don't have a local agent, take a second and complete this form or you can also visit this page to select a carrier

Vehicle claim statistics

Which are the best vehicles for low claims? The claim statistics below show the worst and best cars and trucks for likelihood of filing claims for each type of coverage.

Liability Coverage Claims by Vehicle
Lowest Claims Highest Claims
Mercedes-Benz SL Class Mitsubishi Lancer
Chevrolet Corvette Dodge Charger
Acura MDX Mitsubishi Mirage
Subaru Outback Kia Rio
Audi A6 Hyndai Accent
Volvo XC60 Chevrolet Impala

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

Lowest and Highest Comprehensive Insurance Claims by Manufacturer Model
Lowest Claims Highest Claims
Ford F-350 Porsche Panamera GTS
Chevy Silverado 2500 BMW M6
Nissan Xterra Maserati Granturismo
Smart ForTwo Bentley Continental GT
Volvo V60 Mercedes-Benz S Class
Infiniti QX50 Audi S7

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

Lowest and Highest Medical Payment Insurance Claims by Vehicle Model
Lowest Claims Highest Claims
Land Rover Range Rover Sport Hyundai Accent
Chevrolet Silverado 3500 Chrysler 200
Chevrolet Corvette Dodge Charger
Ford F-250 SuperCrew Chevrolet Spark
Ford Expedition Chevrolet Sonic
Audi A4 Allroad Nissan Sentra

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

Vehicle Models with the Lowest and Highest Auto Insurance Collision Claims
Lowest Claims Highest Claims
Jeep Wrangler Bentley Continental Flying Spur
Chevrolet Colorado Bently Continental GTC
Ford F-150 SuperCrew BMW 6 Series
Mini Cooper Maserati Granturismo
Nissan Xterra Bently Continental GT
Smart ForTwo Audi RS7

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

Cheap insurance premiums are possible

Lower-priced insurance in Hialeah Gardens is possible online as well as from insurance agents, so you need to quote Hialeah Gardens auto insurance with both to get a complete price analysis. Some insurance providers may not provide rates over the internet and many times these smaller companies work with independent agents.

We've covered a lot of ways to save on insurance in Hialeah Gardens. The most important thing to understand is the more rate comparisons you have, the higher your chance of finding the cheapest Hialeah Gardens auto insurance quotes. Drivers may even discover the most savings is with the smaller companies. Some small companies may have significantly lower premium rates on certain market segments than the large multi-state companies such as Progressive or GEICO.

Additional detailed information can be found by following these links: