Are you sick and tired of sacrificing other expenses to keep your car insured? Your situation is no different than the majority of other consumers in Florida.

A recent insurance study discovered that most insurance buyers in Florida have remained with the same insurance company for a minimum of four years, and 38% of customers have never compared insurance rates at all. U.S. drivers could save nearly 47% every year by just shopping around, but most tend to underestimate the amount of money they would save if they switched to a cheaper policy.

There are many auto insurance companies to insure vehicles with, and although it's nice to have multiple companies, so many choices can make it hard to find a good deal.

Locating the best rates in Plantation is easy if you know what you're doing. If you are insured now, you will be able to shop for the lowest rates using the following tips. But Florida drivers must know the methods companies use to determine premium rates.

Discounts for cheap insurance quotes

Insurance can be prohibitively expensive, but you can get discounts that you may not even know about. Many discounts should be triggered when you quote, but a few must be specially asked for prior to getting the savings.Insurance discounts

A little note about advertised discounts, most discounts do not apply to the overall cost of the policy. Most only apply to the cost of specific coverages such as comprehensive or collision. Despite the fact that it seems like all those discounts means the company will pay you, it doesn't quite work that way.

A few popular companies and their possible discounts are outlined below.

When quoting, ask each insurance company which discounts can lower your rates. Some discounts might not be offered on policies everywhere. To see a list of companies with the best discounts in Florida, click here.

When looking for cheaper Plantation car insurance quotes, there are a couple ways to compare quotes from different companies. The simplest method to find competitive insurance rates is simply to get online rate quotes.

Getting rates online is very simple and it takes the place of having to spend time driving to local Plantation insurance agencies. Comparing online rate quotes makes this unnecessary unless you prefer the trained advice that only a licensed agent can provide. Drivers can comparison shop your insurance online but still have the advice of a local Plantation agent.

It's important to know that comparing all the rates in your area helps increase your odds of locating a lower rate.

The car insurance companies shown below provide quotes in Plantation, FL. To buy the best auto insurance in Florida, we recommend you visit as many as you can to get the best price comparison.

Insurance Rate Estimates for Popular Vehicles in Plantation
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Colorado LT Crew Cab 4WD $1,172 $586 $98
Chevrolet Equinox LS AWD $1,120 $560 $93
Chevrolet Silverado LS Crew Cab 2WD $1,826 $913 $152
Dodge Ram Crew Cab Laramie 2WD $1,474 $737 $123
Ford Escape XLT 2WD $1,062 $531 $89
Ford F-150 XL Super Cab 4WD $1,054 $527 $88
Ford Focus SES 4-Dr Sedan $1,454 $727 $121
Ford Fusion Sport AWD 4-Dr Sedan $1,430 $715 $119
Honda Accord LX 4-Dr Sedan $934 $467 $78
Honda CR-V EX 4WD $1,284 $642 $107
Honda Civic LX 4-Dr Sedan $1,544 $772 $129
Hyundai Elantra GLS 4-Dr Sedan $1,382 $691 $115
Kia Optima SX $1,404 $702 $117
Nissan Altima 2.5 S 2-Dr Coupe $1,484 $742 $124
Toyota Camry Hybrid $2,056 $1,028 $171
Toyota Corolla LE $1,228 $614 $102
Toyota RAV4 4WD $1,478 $739 $123
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Prices do not factor in specific zip code location which can increase or decrease insurance rates greatly.

How much more does full coverage cost?

The diagram below visualizes the comparison of Honda Accord car insurance rates when comparing full coverage to state minimum liability only. The premium estimates are based on no violations or accidents, $250 deductibles, single male driver, and no other 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 comprehensive and collision coverage

There is no set guideline to stop paying for full coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than about 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.

For example, let's assume your Honda Accord replacement cost is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company would pay you is $2,000 after the policy deductible has been paid. If you are paying more than $200 a year for your policy with full coverage, then it might be time to consider dropping full coverage.

There are a few situations where dropping full coverage is not financially feasible. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not buy liability only.

Should you pay for full coverage or liability only?

There is no set rule for dropping full coverage, but there is a guideline you can use. If the yearly cost of full coverage is more than about 10% of the vehicle's replacement cost less your deductible, then you may want to consider only buying liability coverage.

For example, let's say your Chevrolet Cruze replacement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, you would only receive $3,000 after the policy deductible has been paid. If you are paying more than $300 annually for physical damage coverage, then you might want to think about dropping full coverage.

There are some cases where removing full coverage is not a good plan. If you still owe money on your vehicle, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not remove full coverage.

Why informed drivers pay lower rates in Plantation

One of the most helpful ways to save on auto insurance is to to have a grasp of the factors that are used to determine auto insurance rates. If you have a feel for what positively or negatively impacts your premiums, this empowers consumers to make smart changes that may reward you with lower premium levels.

Why you need to buy auto insurance

Even though it can be expensive, maintaining insurance may be required for several reasons.

First, the majority of states have minimum mandated liability insurance limits which means it is punishable by state law to not carry specific limits of liability protection in order to license the vehicle. 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 bought your vehicle with a loan, most lenders will stipulate that you have full coverage to ensure the loan is repaid in case of a total loss. If the policy lapses, the lender may have to buy a policy to insure your vehicle at a much higher premium rate and require you to fork over a much higher amount than you were paying before.

Third, auto insurance protects not only your vehicle but also your assets. Insurance will pay for medical expenses incurred in an accident. Liability coverage, the one required by state law, also covers legal expenses if you cause an accident and are sued. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive coverages will pay to repair the damage.

The benefits of buying auto insurance outweigh the cost, especially with large liability claims. On average, a vehicle owner in Plantation is overpaying more than $850 per year so we recommend shopping around at every policy renewal to be sure current rates are still competitive.

Persistence will pay off

When searching for cheap Plantation car insurance quotes, it's very important that you do not buy lower coverage limits just to save a few bucks. There have been many situations where an accident victim reduced comprehensive coverage or liability limits to discover at claim time they didn't have enough coverage. The goal is to purchase plenty of coverage at a price you can afford and still be able to protect your assets.

You just learned many tips how you can get a better price on insurance in Plantation. The key thing to remember is the more quotes you get, the higher your chance of finding low cost Plantation car insurance quotes. You may even be surprised to find that the lowest rates are with an unexpected company. These smaller insurers can often insure niche markets at a lower cost than the large multi-state companies such as Allstate and Progressive.

For more information, take a look at the resources below: