Did a good deal turn into overpriced auto insurance? You're preaching to the choir because you are not the only one feeling buyer's remorse.

Shockingly, most drivers kept their policy with the same company for more than four years, and roughly 40% of drivers have never compared rates from other carriers. Many drivers in Pompano Beach could save approximately $1,130 each year, but they just assume it's a time-consuming process to save money by comparing rate quotes.

Numerous auto insurance companies battle for your insurance dollar, and it can be difficult to compare rates and get the best coverage at the lowest rate on auto insurance.

Auto insurance companies offering cheap price quotes in Florida

The companies shown below can provide free quotes in Florida. If multiple companies are listed, we recommend you click on several of them to find the most competitive auto insurance rates.

Insurance Costs for Popular Vehicles in Pompano Beach
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Impala LTZ $1,228 $614 $102
Chevrolet Malibu LT $1,296 $648 $108
Chevrolet Silverado LS Regular Cab 2WD $1,362 $681 $114
Dodge Grand Caravan CV $1,516 $758 $126
Dodge Ram Quad Cab Sport 2WD $1,526 $763 $127
Ford Escape XLS 4WD $914 $457 $76
Ford F-150 XL Super Cab 4WD $1,380 $690 $115
Ford Focus SES 4-Dr Sedan $1,518 $759 $127
GMC Sierra SLE Crew Cab 2WD $1,796 $898 $150
Honda Accord LX-S 2-Dr Coupe $1,788 $894 $149
Honda CR-V EX 2WD $1,374 $687 $115
Honda Civic EX-L 2-Dr Coupe $1,976 $988 $165
Hyundai Elantra SE Touring Station Wagon $1,544 $772 $129
Nissan Altima 2.5 S 2-Dr Coupe $1,282 $641 $107
Toyota Camry LE $1,108 $554 $92
Toyota Corolla XLE $1,136 $568 $95
Toyota Prius $1,208 $604 $101
Toyota RAV4 Limited 2WD $1,480 $740 $123
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Data rating is based on married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Prices do not factor in vehicle garaging location which can revise rates considerably.

Policy deductibles

One of the most common car insurance questions is at what level do you set your deductibles. The figures shown below approximate how much more you'll pay of buying low and high deductibles. The first data table uses a $250 deductible and the second set of rates uses a $1,000 deductible.

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

Honda Accord insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $280 $446 $354 $20 $106 $1,231 $103
Accord LX 4-Dr Sedan $280 $446 $354 $20 $106 $1,231 $103
Accord EX 4-Dr Sedan $280 $446 $354 $20 $106 $1,231 $103
Accord LX-P 4-Dr Sedan $280 $446 $354 $20 $106 $1,231 $103
Accord LX-P 4-Dr Sedan $280 $446 $354 $20 $106 $1,231 $103
Accord EX-L 4-Dr Sedan $322 $544 $354 $20 $106 $1,371 $114
Accord EX 2-Dr Coupe $322 $640 $472 $28 $142 $1,629 $136
Accord LX-S 2-Dr Coupe $322 $640 $472 $28 $142 $1,629 $136
Accord EX-L 2-Dr Coupe $364 $640 $472 $28 $142 $1,671 $139
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Honda Accord insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $174 $280 $354 $20 $106 $934 $78
Accord LX 4-Dr Sedan $174 $280 $354 $20 $106 $934 $78
Accord EX 4-Dr Sedan $174 $280 $354 $20 $106 $934 $78
Accord LX-P 4-Dr Sedan $174 $280 $354 $20 $106 $934 $78
Accord LX-P 4-Dr Sedan $174 $280 $354 $20 $106 $934 $78
Accord EX-L 4-Dr Sedan $200 $342 $354 $20 $106 $1,022 $85
Accord EX 2-Dr Coupe $200 $402 $472 $28 $142 $1,244 $104
Accord LX-S 2-Dr Coupe $200 $402 $472 $28 $142 $1,244 $104
Accord EX-L 2-Dr Coupe $224 $402 $472 $28 $142 $1,268 $106
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Table data represents 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. Premium amounts do not factor in garaging location in Pompano Beach which can raise or lower rates noticeably.

Based on this data, using a $250 deductible could cost the average driver approximately $28 more each month or $336 annually than opting for the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you normally go at least 27 months between claim filings, you would save more money by selecting a higher deductible.

Premiums by gender and age

The illustration below illustrates the difference between auto insurance rates for male and female drivers in Pompano Beach. The premiums assume a clean driving record, no claims, full physical damage coverage, $100 deductibles, marital status is single, and no other discounts are factored in on a Toyota Corolla LE.

Toyota Corolla rates are for example purposes only. To get rate quotes for your specific vehicle, click here.

Take advantage of these discounts

Auto insurance is not cheap nor is it fun to buy but there's a good chance there are discounts that many consumers don't even know exist. Some discounts will apply at quote time, but some may not be applied and must be specially asked for prior to receiving the credit. If you aren't receiving every discount you deserve, you are paying more than you should be.Save money with discounts

Policy discounts save money, but most discounts do not apply to your bottom line cost. The majority will only reduce the cost of specific coverages such as comprehensive or collision. Despite the appearance that adding up those discounts means a free policy, it doesn't quite work that way. But any discount will positively reduce your overall premium however.

If you would like to choose from a list of auto insurance companies that have a full spectrum of discounts in Florida, click here to view.

How insurance providers determine insurance rates

Lots of factors are taken into consideration when you get a price on insurance. Some factors are common sense like a motor vehicle report, although others are less apparent like your continuous coverage or how safe your car is. Smart consumers have a good feel for some of the things that help calculate the rates you pay for insurance. If you know what controls the rates you pay, this helps enable you to make changes that will entitle you to big savings.

Know your vehicle's IIHS safety rating - Cars with five star safety ratings cost less to insure. Safe vehicles result in less severe injuries and fewer injuries means less claims paid passed on to you as lower rates. If your vehicle is rated at a minimum an "acceptable" rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.

Don't let your coverage lapse - Allowing your insurance policy to lapse is a sure-fire way to trigger a rate increase. In addition to paying higher rates, being ticketed for driving with no insurance will get you a hefty fine and possibly a revoked license.

Additional coverages that may be costing you - There are a lot of extra add-on coverages that can waste your money but may not be useful. Coverages for rental car coverage, accidental death, and Farm Bureau memberships may be costing you every month. These coverages may sound good when discussing your needs, but if you have no use for them consider taking them off your policy.

File claims and pay more - If you tend to file frequent claims, don't be surprised to see much higher rates or policy non-renewal. Companies in Florida award cheaper rates to people who do not rely on their insurance for small claims. Your car insurance is designed for the large, substantial claims.

When to talk to an agent

A lot of people still prefer to sit down and talk to an agent and that is OK! A nice benefit of comparing rates online is the fact that drivers can get cheap insurance rates and also buy local.

By using this form (opens in new window), the coverage information is immediately sent to agents in your area who can give free rate quotes to get your business. You don't have to even leave your home since price quotes are sent immediately to your email address. You can find lower rates and an insurance agent to talk to. If you have a need to get a comparison quote from a particular provider, just navigate to their website and fill out their quote form.

Finding a good provider needs to be determined by more than just the price. The following questions are important to ask.

If you're trying to find a local insurance agency, you should know the different agency structures and how they can service your needs differently. Agents in Pompano Beach may be either independent or exclusive.

Exclusive Insurance Agencies

Agents that elect to be exclusive can only write with one company like Allstate, State Farm and Farmers Insurance. They usually cannot give you multiple price quotes so if the price isn't competitive there isn't much they can do. Exclusive agencies are well schooled on their company's products and that enables them to sell even at higher rates.

Independent Agents (or Brokers)

Agents that elect to be independent can sell policies from many different companies and that is an advantage because they can write policies amongst many companies and help determine which has the cheapest rates. If you want to switch companies, they simply move the coverage in-house and that require little work on your part.

When comparing rates, you definitely need to get some free quotes from independent agents to ensure the widest selection of prices.

Upon receiving answers to your satisfaction to your questions and an affordable coverage quote, you've probably found an insurance agency that meets the requirements to service your policy. But keep in mind it's your coverage and you can terminate coverage whenever you wish so don't think that you are obligated to a policy for the entire policy term.

Car insurance overall losses by make and model

Which vehicles statistically have the fewest claims? The statistics below show the worst and best vehicle makes and models for overall likelihood of having large claims.

Vehicle Make and Models with the Lowest and Highest Bodily Injury Liability Claims
Lowest Overall Losses Highest Overall Losses
Volvo XC60 Chevrolet Impala
Acura MDX Chevrolet Cruze
Mercedes-Benz SL Class Hyndai Accent
Fiat 500 Dodge Charger
Subaru Forester Kia Optima
Subaru Outback Chevrolet Sonic

Statistics from IIHS.org for 2013-2015 Model Years

Medical Payment Claims by Vehicle Model
Lowest Overall Losses Highest Overall Losses
Land Rover Range Rover Sport Dodge Charger
Audi A4 Allroad Mitsubishi Lancer
Chevrolet Corvette Mitsubishi Mirage
Chevrolet Silverado 3500 Nissan Versa
Ford F-250 SuperCrew Nissan Sentra
Tesla Model S Chevrolet Sonic

Statistics from IIHS.org for 2013-2015 Model Years

Collision Insurance Claims by Vehicle Make and Model
Lowest Overall Losses Highest Overall Losses
Nissan Xterra BMW M6
Ford F-150 SuperCrew BMW 6 Series
Smart ForTwo Ferrari 458
GMC Canyon Bentley Continental Flying Spur
Jeep Wrangler Bently Continental GT
Ford Edge Nissan GT-R

Statistics from IIHS.org for 2013-2015 Model Years

Comprehensive Insurance Claims by Vehicle Make and Model
Lowest Overall Losses Highest Overall Losses
Infiniti QX50 Porsche Panamera GTS
Chevy Silverado 2500 BMW M6
Nissan Xterra Maserati Granturismo
Smart ForTwo Maserati Quattroporte
Nissan Leaf Bentley Continental GT
Ford F-350 Audi S7

Statistics from IIHS.org for 2013-2015 Model Years

Don't give up on cheap rates

You just read a lot of information how to compare auto insurance car insurance rates in Pompano Beach. The key concept to understand is the more rate quotes you have, the more likely it is that you will get a better rate. You may even find the biggest savings come from the least-expected company. Some small companies often have lower premium rates on specific markets than the large multi-state companies such as Allstate, GEICO and Progressive.

Some insurance providers do not offer online rate quotes and usually these smaller companies sell through independent agents. Budget-conscious auto insurance is available both online in addition to local insurance agencies, and you should compare price quotes from both in order to have the best chance of saving money.

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