Trying to find cheaper insurance for a car in Florida can be a lot of work, but you can use these tips to find lower rates.
There is a better way to find car insurance online and you need to know the absolute fastest way to quote coverages for a and get the lowest possible price from Miami Gardens insurance agents and online providers.
Make smart decisions and save money
Lots of factors are part of the equation when quoting car insurance. A few of the factors are predictable such as traffic violations, although others are not quite as obvious like where you live or how safe your car is.
The list below includes most of the major factors used by your company to calculate prices.
Your stress level may be raising your rates - Jobs like lawyers, business owners and medical professionals are shown to have higher rates than the rest of us attributed to intense work requirements and long work days. On the flip side, careers such as professors, engineers and retirees pay the least.
How many miles do you drive? - The higher the miles on your car each year the higher your rate. Many insurance companies calculate prices partially by how you use the vehicle. Autos not used for work or commuting can get a lower rate as compared to vehicles used primarily for driving to work. It's always a good idea to double check that your auto insurance declarations sheet shows the proper vehicle usage.
Discounts for multiple policies - Most larger companies will award better rates to people who consolidate policies with them, otherwise known as a multi-policy discount. This can amount to ten or even up to twenty percent in some cases. Even though this discount sounds good, it's in your best interest to compare other company rates to help ensure you have the lowest rates.
High performance equals high premiums - The make and model of the car, truck or SUV you own makes a huge difference in your auto insurance rates. The cheapest insurance rates are for lower performance four cylinder passenger cars, but the final cost of insurance is determined by many other factors.
Do you know you're credit rating? - Having a bad credit rating is a large factor in determining what you pay for auto insurance. If your credit score can be improved, you could pay less to insure your vehicle if you clean up your credit. People that have excellent credit scores tend to file fewer claims and have better driving records as compared to drivers with lower credit scores.
Premiums may be higher where you live - Residing in smaller towns and rural areas of the country may provide you with better prices if you are looking for the lowest rates. City drivers have more road rage incidents and longer commutes to work. Lower population corresponds to lower accident rates in addition to fewer liability claims.
How to compare free Miami Gardens insurance quotes
Lowering your insurance rates can be relatively painless. Drivers just need to take the time comparing price quotes to find the company with affordable Miami Gardens auto insurance quotes.
The companies in the list below are ready to provide price quotes in Miami Gardens, FL. In order to find cheaper car insurance in Florida, it's a good idea that you visit two to three different companies in order to find the most affordable rates.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Silverado LTZ Extended Cab 2WD||$1,404||$702||$117|
|Dodge Ram Crew Cab SLT 2WD||$1,194||$597||$100|
|Ford Escape XLS 4WD||$928||$464||$77|
|Ford F-150 Lariat King Ranch 2WD||$1,372||$686||$114|
|Ford Focus SES 4-Dr Sedan||$1,186||$593||$99|
|Honda Accord LX-S 2-Dr Coupe||$1,542||$771||$129|
|Honda CR-V LX 4WD||$934||$467||$78|
|Honda Civic LX 2-Dr Coupe||$1,608||$804||$134|
|Hyundai Elantra SE Touring Station Wagon||$1,020||$510||$85|
|Hyundai Sonata SE 4-Dr Sedan||$1,090||$545||$91|
|Jeep Grand Cherokee SRT-8 4WD||$1,512||$756||$126|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$1,402||$701||$117|
|Nissan Altima 2.5 S 4-Dr Sedan||$1,528||$764||$127|
|Toyota Camry LE||$972||$486||$81|
|Toyota Corolla S||$1,314||$657||$110|
|Get Your Own Custom Quote Go|
Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Rates do not factor in vehicle location which can lower or raise price quotes substantially.
Full coverage versus liability-only
The diagram below illustrates the comparison of Honda Accord insurance rates with liability coverage only compared to full coverage. The costs are based on no claims, a clean driving record, $500 deductibles, married female driver, and no additional discounts are factored in.
Honda Accord rates are for example purposes only. To get rates for your specific vehicle, click here.
When to stop buying physical damage coverage
There is no written rule for eliminating comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of having full coverage is more than about 10% of the settlement you would receive from your company, then you may want to consider only buying liability coverage.
For example, let's say your Honda Accord replacement cost is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company would pay you is $8,000 after paying your deductible. If it's costing you more than $800 a year to have full coverage, the it may be a good time to stop paying for full coverage.
There are some circumstances where eliminating full coverage is not a good idea. If you haven't satisfied your loan, you have to keep full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not opt for liability only.
Big names are not always cheapest
Consumers in Florida can't escape the ads for the lowest price insurance from companies such as 21st Century, Allstate and State Farm. All the companies convey the message about saving some big amount if you just switch your policy.
How does each company sell you cheaper insurance coverage? It's all in the numbers.
Different companies have a certain "appetite" for the type of customer that earns them the most money. One example of a profitable customer may need to be over age 30, carries high limits, and drives a vehicle with a low ISO rating. Someone that hits that "sweet spot" will get very good Miami Gardens car insurance rates and will probably cut their rates substantially.
Potential customers who do not match these criteria will be quoted higher prices and ends up with the customer not buying. If you listen closely, the ads state "customers who switch" not "everyone who quotes" save the amount stated. That's why insurance companies can advertise the way they do.
Because of the profiling, it is so important to get price quotes at each policy renewal. It is impossible to predict which insurance companies will have the best insurance in Miami Gardens.
Protect more than your vehicle
Even though rates can get expensive, insurance may be required for several reasons.
First, the majority of states have minimum liability requirements which means you are required to buy a minimum amount of liability coverage in order to be legal. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you have a lien on your vehicle, almost every bank will have a requirement that you have physical damage coverage to guarantee loan repayment. If you let the policy lapse, the lender may insure your vehicle at an extremely high rate and require you to fork over for the much more expensive policy.
Third, auto insurance preserves both your vehicle and your assets. It also can pay for medical transport and hospital expenses incurred in an accident. As part of your policy, liability insurance will also pay attorney fees in the event you are sued. If mother nature or an accident damages your car, comprehensive and/or collision insurance will cover the repair costs.
The benefits of carrying adequate insurance greatly outweigh the cost, especially if you ever need it. The average driver in Florida is wasting up to $850 per year so compare rates once a year at a minimum to help ensure money is not being wasted.
Insurance policy discounts you can't miss
Car insurance is not cheap, but there could be available discounts to reduce the price significantly. Larger premium reductions will be automatically applied at the time of quoting, but less common discounts must be asked for in order for you to get them.
- Life Insurance Discount - Larger insurance carriers have a lower price if you buy some life insurance in addition to your auto policy.
- ABS Braking Discount - Cars, trucks, and SUVs with ABS braking systems or traction control prevent accidents and earn discounts up to 10%.
- Switch and Save Discount - A few insurance companies give discounts for switching to them prior to the expiration date on your current policy. This discount can save up to 10%.
- Claim Free - Good drivers with no accidents can save substantially compared to bad drivers.
- Smart Student Discounts - Getting good grades can earn a discount of 20% or more. You can use this discount normally up until you turn 25.
- Military Discounts - Having a family member in the military could trigger a small discount.
- Payment Discounts - By making one initial payment instead of monthly or quarterly installments you can avoid monthly service charges.
Please keep in mind that most credits do not apply to the entire cost. Most cut specific coverage prices like comprehensive or collision. Despite the fact that it seems like you would end up receiving a 100% discount, insurance companies wouldn't stay in business.
A few of the larger companies and a summarized list of policyholder discounts are outlined below.
- State Farm discounts include good driver, student away at school, Steer Clear safe driver discount, anti-theft, and accident-free.
- Liberty Mutual offers discounts for safety features, good student, multi-car, exclusive group savings, preferred payment discount, newly retired, and multi-policy.
- American Family policyholders can earn discounts including good student, mySafetyValet, bundled insurance, accident-free, defensive driver, air bags, and TimeAway discount.
- Progressive has discounts for online quote discount, multi-vehicle, online signing, continuous coverage, and multi-policy.
- Farmers Insurance offers premium reductions for pay in full, teen driver, alternative fuel, good student, early shopping, and mature driver.
- Auto-Owners Insurance offers discounts including group or association, safe driver, multiple vehicles, mature driver, safe vehicle, and anti-lock brakes.
- SAFECO may offer discounts for teen safety rewards, teen safe driver, safe driver, anti-lock brakes, and anti-theft.
When quoting, ask every company which credits you are entitled to. Some discounts might not be available to policyholders in every state.
Exclusive versus independent insurance agencies
Some consumers would prefer to sit down and talk to an agent and doing that can be a smart decision Professional insurance agents can answer important questions and help you file claims. One of the benefits of getting online price quotes is that you can obtain the best rates and also buy local. And supporting local insurance agents is definitely important in Miami Gardens.
For easy comparison, once you complete this short form, your insurance data is sent to insurance agents in Miami Gardens that can give you free Miami Gardens auto insurance quotes for your business. It simplifies rate comparisons since you won't have to even leave your home because prices are sent immediately to your email address. If you wish to compare rates from a specific company, you would need to search and find their rate quote page and submit a quote form there.
If you prefer to buy auto insurance from a good Miami Gardens insurance agent, there are a couple of different types of agencies that differ in how they can insure your vehicles. Agents in Miami Gardens are either exclusive or independent agents depending on their company appointments. Either type can insure your vehicles, but it's worth mentioning why they differ since it can impact your selection of an agent.
Independent Auto Insurance Agents
Agents that elect to be independent are not employed by any specific company so they have the ability to put coverage with multiple insurance companies enabling the ability to shop coverage around. If prices rise, your agent can switch companies and you can keep the same agent. If you are comparing rate quotes, you absolutely need to get several quotes from at least one independent agent in order to compare the most rates. Many can place coverage with additional companies that you may not be familiar with that may provide cheaper auto insurance rates.
These agents generally can only insure with one company and examples are Allstate and State Farm. Exclusive agents cannot compare rates from other companies so they have no alternatives for high prices. Exclusive agencies are usually quite knowledgeable on their company's products which helps offset the inability to provide other markets. Some insured continue to use the same agent primarily because of the prominence of the brand instead of buying on price only.
Finding a good car insurance agent needs to be determined by more than just the bottom line cost. Any agent in Miami Gardens should be forthright in answering these questions:
- Is the agent CPCU or CIC certified?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- Did they already check your driving record and credit reports?
- Are they involved in claim handling?
- How will an accident affect your rates?
Compare. Compare. Compare.
You just learned some good ideas how to get a better price on auto insurance in Miami Gardens. The key thing to remember is the more providers you compare, the more likely it is that you will get a better rate. Consumers could even find that the best car insurance rates are with an unexpected company.
Some insurance companies may not provide the ability to get a quote online and these small insurance companies only sell through independent insurance agents. Discount auto insurance can be bought online and from local insurance agents, and you should compare rates from both in order to have the best chance of saving money.
Consumers change insurance companies for many reasons like high rates after DUI convictions, lack of trust in their agent, questionable increases in premium and even delays in paying claims. Whatever your reason, finding a new company can be less work than you think.
More information is located at the links below
- Credit Impacts Car Insurance Rates (State Farm)
- Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)
- Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
- Distracted Driving Statistics (Insurance Information Institute)
- Cellphones, Texting and Driving (iihs.org)