Do you want an efficient way to compare cheaper car insurance rates in Coral Springs, FL? Are you kicking yourself for buying an underperforming, overpriced car insurance policy? Don't feel bad because there are many Coral Springs consumers feeling the pinch from expensive car insurance.

Remarkably, a study showed that nearly 70% of customers kept their policy with the same company for over three years, and practically 40% of car insurance customers have never even shopped around for cheap coverage. Consumers in America can save 46.5% each year just by comparing rates, but most undervalue the large savings they would see if they bought a different policy.

You have multiple insurers to pick from, and although it's a good thing to be able to choose, it can be more challenging to compare company pricing.

It's a good habit to compare rates yearly since insurance prices go up and down regularly. Despite the fact that you may have had the best rates on car insurance a year ago a different company probably has better rate quotes today. Ignore everything you know about car insurance because we're going to show you the right way to reduce your cost while increasing coverage.

Shopping around for more affordable coverage in Coral Springs is quite easy. In essence, every car owner who is overpaying for insurance will most likely find a lower-cost company. Although Florida consumers do need to learn how big insurance companies calculate their prices because rates fluctuate considerably.

Low-cost companies for Coral Springs auto insurance

The companies shown below provide quotes in Florida. To find cheap car insurance in Florida, it's a good idea that you click on several of them to get the most competitive price.

Insurance Rates for Popular Vehicles in Coral Springs
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Equinox LS 2WD $1,258 $629 $105
Chevrolet Silverado Crew Cab Hybrid 2WD $1,454 $727 $121
Dodge Ram Crew Cab ST 2WD $1,060 $530 $88
Ford Escape XLS 2WD $1,164 $582 $97
Ford F-150 XL Super Cab 2WD $1,322 $661 $110
Ford Focus SES 4-Dr Sedan $1,466 $733 $122
GMC Sierra SLT Crew Cab 2WD $1,192 $596 $99
Honda Accord EX-L 4-Dr Sedan $1,180 $590 $98
Honda CR-V EX-L 2WD $842 $421 $70
Honda Civic SI 4-Dr Sedan $1,678 $839 $140
Honda Odyssey Touring $1,428 $714 $119
Hyundai Sonata Limited 4-Dr Sedan $1,404 $702 $117
Kia Optima LX $1,362 $681 $114
Nissan Altima 2.5 S 2-Dr Coupe $1,866 $933 $156
Nissan Rogue SL 2WD $1,534 $767 $128
Toyota Camry SE $1,164 $582 $97
Toyota Corolla S $1,484 $742 $124
Toyota RAV4 Sport 2WD $1,424 $712 $119
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Premium data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Price estimates do not factor in garaging location in Coral Springs which can revise insurance rates significantly.

Male drivers compared to female drivers

The example below visualizes the comparison of yearly insurance costs for male and female drivers in Coral Gables. The premiums are based on no accidents or driving violations, full physical damage coverage, $250 deductibles, drivers are not married, and no policy discounts are applied on a Honda Civic LX.

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

Higher deductibles lower rates

One of the more difficult decisions when buying car insurance is how high should your deductibles be. The premium rates below can help you visualize the differences in premium rates of buying low and high physical damage coverage deductibles. The first rate estimation uses a $250 physical damage coverage deductible and the second price grid uses a $1,000 deductible.

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

Chevrolet Tahoe insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tahoe LS 2WD $322 $544 $418 $24 $124 $1,457 $121
Tahoe LS 4WD $364 $544 $418 $24 $124 $1,499 $125
Tahoe LT 2WD $364 $544 $418 $24 $124 $1,499 $125
Tahoe LT 4WD $364 $544 $418 $24 $124 $1,499 $125
Tahoe LTZ 2WD $364 $640 $418 $24 $124 $1,595 $133
Tahoe LTZ 4WD $364 $640 $418 $24 $124 $1,595 $133
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Chevrolet Tahoe insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tahoe LS 2WD $200 $342 $418 $24 $124 $1,108 $92
Tahoe LS 4WD $224 $342 $418 $24 $124 $1,132 $94
Tahoe LT 2WD $224 $342 $418 $24 $124 $1,132 $94
Tahoe LT 4WD $224 $342 $418 $24 $124 $1,132 $94
Tahoe LTZ 2WD $224 $402 $418 $24 $124 $1,192 $99
Tahoe LTZ 4WD $224 $402 $418 $24 $124 $1,192 $99
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Information does not factor in specific garaging location which can change price quotes noticeably.

We can estimate from the data above that using a $250 deductible costs about $32 more each month or $384 each year than quoting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally go more than 23 months between claims, you would save money going with the higher deductible. The illustration below shows a better example of how you can perform this determination yourself.

Average monthly premium for $250 deductibles: $127
Average monthly premium for $1,000 deductibles (subtract): - $95
Monthly savings from raising deductible: $32
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $32
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

Price comparison of only insuring for liability

The chart below shows the comparison of Ford Escape auto insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The information is based on a clean driving record, no at-fault accidents, $250 deductibles, single male driver, and no additional discounts are factored in.

Ford Escape rates are for example purposes only. To get rates for your specific vehicle, click here.

When to drop comp and collision

There is no set guideline to stop paying for comp and collision coverage, but there is a general guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.

For example, let's say your Ford Escape claim settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $3,000 after you pay the deductible. If it's costing in excess of $300 annually for comprehensive and collision coverage, then you might want to consider buying only liability coverage.

There are some cases where dropping full coverage is not a good idea. If you still owe a portion of the original loan, you have to maintain full coverage to protect the lienholder's interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.

Take these six policy discounts and save on car insurance

Some companies don't always publicize their entire list of discounts very well, so we break down a few of the more common as well as some of the hidden discounts that may be available.Car insurance discounts

As a footnote on discounts, some credits don't apply to the overall cost of the policy. The majority will only reduce the cost of specific coverages such as comprehensive or collision. Despite the appearance that having all the discounts means you get insurance for free, you're out of luck. Any qualifying discounts will help reduce your overall bill.

Large car insurance companies and some of the discounts are included below.

Check with every company how you can save money. Some discounts listed above may not be available in your state. To see a list of insurance companies who offer free car insurance quotes in Florida, click here.

Local Coral Springs auto insurance agents

Many people would prefer to go talk to an agent and that can be a smart move One of the benefits of comparing insurance prices online is that you can obtain better rates but also keep your business local. And providing support for neighborhood agents is especially important in Coral Springs.

Insurance agency in Coral SpringsAfter completing this simple form, your coverage information is instantly submitted to agents in your area who will give competitive quotes for your business. It's much easier because you don't need to even leave your home as quotes are delivered instantly to you. It's the lowest rates and an insurance agent to talk to. If for some reason you want to quote rates for a specific company, you would need to navigate to their website and complete a quote there.

When narrowing the list to find a reputable agency, it's important to understand the different types of agents that you can choose from. Car insurance agents are classified as either exclusive or independent (non-exclusive).

Independent Agencies or Brokers

These agents are not restricted to one company and that is an advantage because they can write policies amongst many companies and find the cheapest car insurance rates. If your agent finds better pricing, your agent can switch companies which makes it simple for you.

If you are comparing car insurance prices, you will definitely want to include independent agents in order to have the best price comparison.

Exclusive Car Insurance Agents

Exclusive agents are contracted to one company and examples are AAA, Allstate, and State Farm. These agents are not able to place coverage with different providers so always compare other rates. Exclusive agents are trained well on their company's products which helps overcome the inability to quote other rates.

Finding the right insurance agency requires you to look at more than just the bottom line cost. A good agent in Coral Springs will have answers to these questions.

After talking to the agent and getting satisfactory answers to any questions you have as well as inexpensive Coral Springs auto insurance quotes, it's possible that you found an insurance agency that meets your needs to adequately provide car insurance. Just be aware that it's your policy and you can cancel a policy whenever you choose to so never assume you are locked into a policy with no way to switch.

Auto insurance savings promises

Popular auto insurance providers such as Allstate and Progressive continually stream television, radio, and online ads. All the ads have a common claim about saving some big amount if you switch your auto insurance coverage to their company. That's great but how can every company charge lower premium rates? Here is how they do it.

Many companies require specific criteria for the type of driver they prefer to insure. One example of this type of insured could possibly be between the ages of 30 and 50, carries full coverage, and drives less than 10,000 miles a year. A propective insured who matches those parameters will most likely get cheap premium rates as well as save when switching.

Drivers who do not meet those criteria will probably be forced to pay a higher rate and this can result in business not being written. The trick is to say "drivers that switch" not "everyone who quotes" save that much. That's the way insurance companies can make those claims.

This really emphasizes why it's extremely important to get price quotes at each policy renewal. You cannot predict with any certainty which company will fit you best based on your risk profile.

When in doubt talk to an agent

Keep in mind that when it comes to choosing insurance from an agent or online for your personal vehicles, there really is not a best way to insure your cars. Everyone's situation is unique so this has to be addressed.Higher deductibles save money These are some specific questions might help in determining if you might need an agent's assistance.

If it's difficult to answer those questions, then you may want to think about talking to an agent. To find an agent in your area, fill out this quick form or click here for a list of insurance companies in your area.

Auto insurance coverage specifics

Knowing the specifics of auto insurance aids in choosing the right coverages and proper limits and deductibles. Policy terminology can be difficult to understand and nobody wants to actually read their policy. These are the usual coverages offered by auto insurance companies.

Collision coverage protection

This will pay to fix damage to your vehicle from colliding with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as driving through your garage door, colliding with another moving vehicle and backing into a parked car. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. Another option is to increase the deductible to save money on collision insurance.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses such as doctor visits, chiropractic care, X-ray expenses and pain medications. The coverages can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover you and your occupants and also covers getting struck while a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Liability coverages

Liability insurance provides protection from injuries or damage you cause to other's property or people that is your fault. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 10/20/10 that translate to a limit of $10,000 per injured person, a total of $20,000 of bodily injury coverage per accident, and a limit of $10,000 paid for damaged property. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage pays for things such as repair bills for other people's vehicles, emergency aid and structural damage. How much liability should you purchase? That is a personal decision, but you should buy as large an amount as possible. Florida requires minimum liability limits of 10/20/10 but you should think about purchasing more liability than the minimum.

Uninsured and underinsured coverage

This provides protection when the "other guys" do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your vehicle.

Since many Florida drivers carry very low liability coverage limits (which is 10/20/10), their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family. Usually your uninsured/underinsured motorist coverages are set the same as your liability limits.

Comprehensive coverages

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like theft, hitting a bird, rock chips in glass and fire damage. The most a auto insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle's value it's probably time to drop comprehensive insurance.

Car insurance overall losses by make and model

Are you driving a vehicle with a high chance of a claim? The following claim statistics show the highest and lowest vehicles for likelihood of having to file claims for each type of coverage listed.

Vehicle Models with the Lowest and Highest Collision Insurance Claims
Lowest Overall Losses Highest Overall Losses
GMC Canyon Maserati Ghibli
Ford Edge Audi RS7
Nissan Xterra Nissan GT-R
Ford F-250 SuperCab Ferrari 458
Chevrolet Colorado BMW M6
Jeep Wrangler Bently Continental GTC

Statistics from IIHS.org for 2013-2015 Model Years

Medical Payment Coverage Claims by Vehicle Model
Lowest Overall Losses Highest Overall Losses
Chevrolet Silverado 2500 Chevrolet Spark
Chevrolet Silverado 3500 Nissan Sentra
Land Rover Range Rover Sport Chrysler 200
Ford F-250 SuperCrew Dodge Charger
Tesla Model S Mitsubishi Mirage
Chevrolet Corvette Mitsubishi Lancer

Statistics from IIHS.org for 2013-2015 Model Years

Lowest and Highest Liability Coverage Claims by Vehicle
Lowest Overall Losses Highest Overall Losses
Volvo XC60 Chevrolet Cruze
Audi A6 Mitsubishi Lancer
Acura MDX Kia Rio
Fiat 500 Mitsubishi Mirage
Subaru Forester Kia Optima
Chevrolet Corvette Chevrolet Impala

Statistics from IIHS.org for 2013-2015 Model Years

Vehicle Make and Models with the Lowest and Highest Comprehensive Insurance Claims
Lowest Overall Losses Highest Overall Losses
Nissan Xterra BMW M6
GMC Sierra 2500 Bentley Continental GTC
Ford F-350 Bentley Continental GT
Nissan Leaf Maserati Granturismo
Smart ForTwo Audi S7
Chevy Silverado 2500 Mercedes-Benz S Class

Statistics from IIHS.org for 2013-2015 Model Years

Cheaper car insurance rates are possible

Cheaper car insurance in Coral Springs is possible from both online companies as well as from independent agents in Coral Springs, and you need to price shop both so you have a total pricing picture. A few companies may not have internet price quotes and these small, regional companies only sell coverage through local independent agents.

In this article, we presented a lot of information how to get a better price on car insurance in Coral Springs. The key thing to remember is the more quotes you get, the higher the chance of saving money. You may even discover the lowest priced car insurance comes from a lesser-known regional company. Some small companies can often provide lower rates in certain areas compared to the large companies like State Farm or Progressive.

When trying to cut insurance costs, make sure you don't sacrifice coverage to reduce premiums. Too many times, drivers have reduced liability coverage limits only to discover later that the savings was not a smart move. The goal is to purchase a proper amount of coverage at the best possible price, but do not sacrifice coverage to save money.

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