I can't think of anyone who looks forward to paying premiums for insurance, especially knowing they could get a better deal.
Sad but true, over 70% of consumers kept buying from the same company for at least four years, and almost 40% of drivers have never quoted insurance rates at all. With the average insurance premium being $1,847, U.S. drivers could cut their rates by up to 47% a year, but they underestimate the rate savings if they changed companies.
Due to the large number of insurance providers from which to choose, it is hard for the average consumer to choose the best insurance provider.
Car insurance companies in Florida
The companies shown below have been selected to offer comparison quotes in Florida. To find the best cheap car insurance in Florida, it's a good idea that you visit several of them to get the best price comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Colorado LT 4WD||$1,066||$533||$89|
|Chevrolet Equinox LS 2WD||$1,298||$649||$108|
|Chevrolet Silverado LS Crew Cab 2WD||$1,826||$913||$152|
|Dodge Ram Crew Cab Sport 2WD||$1,526||$763||$127|
|Ford Escape Limited 2WD||$1,558||$779||$130|
|Ford F-150 STX Super Cab 2WD||$1,024||$512||$85|
|Ford Focus SE 4-Dr Sedan||$1,126||$563||$94|
|Honda Accord EX-L 4-Dr Sedan||$1,336||$668||$111|
|Honda CR-V EX 2WD||$1,066||$533||$89|
|Honda Civic SI 2-Dr Coupe||$1,452||$726||$121|
|Nissan Altima 2.5 4-Dr Sedan||$1,298||$649||$108|
|Toyota Camry XLE||$1,912||$956||$159|
|Toyota Corolla S||$1,400||$700||$117|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$1,132||$566||$94|
|Get Your Own Custom Quote Go|
Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Price estimates do not factor in vehicle location which can alter coverage prices considerably.
Annual premiums comparing men and women
The example below visualizes the comparison of insurance costs for male and female drivers in Hallandale Beach. The rates are based on a clean driving record, no at-fault accidents, comp and collision included, $100 deductibles, single marital status, and no discounts are applied to the premium on a Ford Fusion Sport.
Ford Fusion rates are for example purposes only. To get rate quotes for your specific vehicle, click here.
You have control over your insurance rates
It's important that you understand a few of the rating criteria that come into play when calculating your policy premiums. If you have some idea of what controls the rates you pay, this enables you to make decisions that can help you get lower insurance prices. Lots of things are part of the calculation when you get a price on insurance. Some are pretty understandable such as your driving history, although some other factors are not as apparent like your vehicle usage or how safe your car is.
The factors shown below are some of the things insurance companies consider when setting your prices.
Responsible drivers have lower prices - Whether or not you get tickets can have a huge impact on auto insurance premiums. Drivers with clean records receive lower rates as compared to those with violations. Getting just one driving citation can increase rates substantially. Drivers who have gotten multiple citations such as reckless driving or DUI may be required to prove financial responsibility with their state's licensing department in order to keep their license.
Theft deterrents save - Owning a car that has a built-in theft deterrent system can save you some money. Anti-theft features like OnStar, LoJack tracking, and tamper alarms all aid in stopping car theft and help bring rates down.
Protect yourself with liability coverage - A critical coverage on your policy, liability insurance is the protection if you are responsible for physical damage or personal injury to other. Your policy's liability insurance provides for a legal defense to defend your case. This coverage is very inexpensive as compared to coverage for physical damage, so drivers should buy more than the minimum limits required by law.
Prices go up with performance - The type of vehicle you need to insure makes a big difference in your premium level. Low performance passenger vehicles generally have the cheapest insurance rates, but that's not the only thing that factors into the final price.
Comp and collision deductibles are a factor - The deductibles you choose are how much you are required to pay if the claim is covered. Protection for physical damage, also called 'full coverage', covers damage that occurs to your car. Some examples of covered claims are a windshield broken by a bird, fire damage, and damage from wind. The more damage repair cost you have to pay, the bigger discount you will receive.
Males pay higher costs - The statistics show women tend to be less risk to insure than men. The data does not necessarily mean that men are worse drivers. Females and males tend to get into at-fault accidents at a similar rate, but males have accidents that have higher claims. Men also receive more major tickets such as driving while intoxicated (DWI) or driving recklessly. Male teenagers tend to get in the most accidents so it costs more to insure them.
How your age affects premiums - Drivers with little experience are statistically proven to be more careless behind the wheel so insurance rates are higher. Adding a teenage driver to your policy can be very expensive. Older insureds are more cautious drivers, file fewer claims, and are generally more financially stable.
Hallandale Beach car insurance discounts
Car insurance companies don't list the entire discount list in an easy-to-find place, so we break down a few of the more well known and also the more inconspicuous ways to save on car insurance.
- Pay Now and Pay Less - If you pay your entire premium ahead of time instead of making monthly payments you can actually save on your bill.
- Discount for Life Insurance - Some insurance carriers give a discount if you purchase some life insurance too.
- Claim Free - Drivers with accident-free driving histories pay less compared to drivers who are more careless.
- Passive Restraints and Air Bags - Cars that have air bags could see savings of 25 to 30%.
- Savings for New Vehicles - Putting car insurance coverage on a new car can be considerably cheaper because newer vehicles have to meet stringent safety requirements.
- Early Renewal Discounts - Some insurance companies reward drivers for signing up before your current coverage expires. You may see this discount when you get Hallandale Beach car insurance quotes online.
- Smart Student Discounts - Being a good student can earn a discount of 20% or more. Earning this discount can benefit you until age 25.
- Distant Student - Youth drivers who are attending college and won't have access to an insured vehicle can be insured at a reduced rate.
You should keep in mind that some of the credits will not apply to all coverage premiums. Some only reduce specific coverage prices like collision or personal injury protection. If you do the math and it seems like all the discounts add up to a free policy, it doesn't quite work that way.
To view car insurance companies with the best discounts in Florida, click this link.
Be skeptical of car insurance ads
Respected companies like GEICO, State Farm and Progressive continually stream ads on television and other media. All the ads make the same claim that drivers will save a bundle if you switch your car insurance coverage to their company. How is it plausible that every one can lower your premium rates? Here is the trick they use.
Insurance providers have underwriting criteria for the right customer that will most likely be profitable. For example, a driver they prefer should be between the ages of 30 and 45, has few claims, and drives newer vehicles. Any new insured that matches those criteria will get low premium rates and will probably save when switching.
Potential customers who are not a match for this stringent profile will probably have to pay higher premium rates which translates to the customer not buying. If you pay close attention to the ads, they say "drivers that switch" not "everyone who quotes" save that much money. This is how insurance companies can make those claims. Because of the profiling, drivers must get as many free Hallandale Beach car insurance quotes as possible. Because you cannot predict which car insurance company will have the best rates at this point in time.
Tailor your insurance coverage to you
Always keep in mind that when comparing the right insurance coverage, there is no "perfect" insurance plan. Your needs are not the same as everyone else's so your insurance needs to address that. Here are some questions about coverages that can aid in determining if your situation would benefit from an agent's advice.
- Does medical payments coverage apply to all occupants?
- Does my insurance cover a custom paint job?
- How high should deductibles be on a vehicle?
- What does PIP insurance cover?
- Will my insurance pay for OEM parts?
- Why do I have to buy liability insurance?
- Is my dog or cat covered if injured in an accident?
If it's difficult to answer those questions but a few of them apply, then you may want to think about talking to 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.
Shop smart and save
The cheapest insurance in Hallandale Beach is available both online as well as from insurance agents, and you need to comparison shop both to get a complete price analysis. A few companies may not offer internet price quotes and usually these regional insurance providers prefer to sell through independent agents.
When shopping online for insurance, never buy lower coverage limits just to save a few bucks. There are too many instances where an accident victim reduced liability coverage limits only to find out that they should have had better coverage. The ultimate goal is to get the best coverage possible at an affordable rate but still have enough coverage for asset protection.
More tips and info about insurance can be found in the articles below:
- Safety Tips for Teen Drivers (Insurance Information Institute)
- Who Has Cheap Florida Car Insurance Quotes After a Speeding Ticket? (FAQ)
- What Car Insurance is Cheapest for a Subaru Outback in Florida? (FAQ)
- Who Has Cheap Auto Insurance Rates for Drivers with a DUI in Florida? (FAQ)
- Who Has Cheap Florida Auto Insurance Rates for Drivers Under 21? (FAQ)
- Auto Insurance 101 (About.com)
- Distracted Driving Extends Beyond Texting (State Farm)
- Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)