How long has it been since you compared low-cost insurance rates in Venice, FL? Pricey insurance in Venice can draw down your accounts and maybe even restrict other spending. Price shopping at each renewal is a fast and free way to make ends meet.

Amazingly, a recent NerdWallet.com study showed that the vast majority of drivers kept buying from the same company for well over three years, and 38% of drivers have never even shopped around for cheap coverage. With the average premium in the U.S. being $1,847, drivers could pocket almost 46.5% a year by just shopping around, but they mistakenly think it's difficult to find cheap rates by getting comparison quotes.

Multiple insurance companies compete to insure your vehicles, so it's not easy to compare every insurance company to get the cheapest price on insurance.

It's a good idea to compare premium rates periodically because prices are adjusted regularly by insurance companies. Just because you found the lowest rates on insurance last year other companies may now be cheaper. You can find a lot of misleading information regarding insurance out there, but you can learn some great ways to lower your insurance bill.

If you are already insured, you will most likely be able to find better prices using the techniques covered below. Finding the cheapest car insurance coverage in Venice is actually not that difficult if you follow our advice. Although Florida consumers need to learn how insurance companies market insurance on the web because it varies considerably.

Discounts can help save money on car insurance

Car insurance can be pricey, but there could be significant discounts that can help lower your rates. Larger premium reductions will be automatically applied when you complete an application, but a few must be inquired about before you will receive the discount.Save money with discounts

Discounts save money, but please remember that most discount credits are not given the the whole policy. Most only reduce the cost of specific coverages such as liability and collision coverage. Just because it seems like all those discounts means the company will pay you, nobody gets a free ride. Any qualifying discounts will definitely reduce your car insurance premiums.

The best car insurance companies and a summarized list of policyholder discounts are outlined below.

When getting a coverage quote, ask each company to apply every possible discount. A few discounts may not be available in Venice. To see providers that can offer you the previously mentioned discounts in Venice, follow this link.

To find the best car insurance rates, there are several ways to get quotes from different Venice insurance companies. The simplest method to lower the rate you pay for insurance consists of obtaining rate quotes online.

Online shopping is fast and free, and it makes it a waste of time to make phone calls or go to and from local Venice insurance agencies. Buying insurance online has reduced the need for local agents unless you prefer the peace of mind that only a licensed agent can provide. However, consumers can compare the best prices online but buy the policy through an agent. When comparing car insurance rates, know that obtaining a wide range of quotes will improve the odds of getting the best offered rates.

The auto insurance companies shown below offer free quotes in Florida. If you want cheaper car insurance in Florida, it's a good idea that you visit as many as you can to get a more complete price comparison.

Insurance Price Estimates for Popular Vehicles in Venice
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Impala LT $1,120 $560 $93
Chevrolet Malibu LS $1,108 $554 $92
Chevrolet Silverado LTZ Crew Cab 2WD $1,664 $832 $139
Dodge Ram Quad Cab TRX4 Off Road 2WD $1,360 $680 $113
Ford Edge Sport 2WD $1,208 $604 $101
Ford Escape XLS 2WD $932 $466 $78
Ford F-150 XLT Super Cab 4WD $1,184 $592 $99
Ford Focus SES 4-Dr Sedan $1,466 $733 $122
Ford Fusion Sport AWD 4-Dr Sedan $1,430 $715 $119
Honda Accord LX 4-Dr Sedan $1,062 $531 $89
Honda CR-V EX 2WD $1,252 $626 $104
Honda Civic EX 2-Dr Coupe $1,702 $851 $142
Nissan Altima 2.5 S 4-Dr Sedan $1,186 $593 $99
Toyota Camry XLE $1,502 $751 $125
Toyota Corolla S $1,580 $790 $132
Toyota Prius $1,090 $545 $91
Toyota RAV4 Limited 4WD $1,446 $723 $121
Volkswagen Jetta S 2.5 Station Wagon $892 $446 $74
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Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Rate information does not factor in specific Venice garaging location which can decrease or increase premiums significantly.

Deductible analysis

When comparing car insurance rates, the most common question is which deductible level should you buy. The following tables can help show the differences in price when you select higher and lower deductibles. The first rate quote example uses a $250 physical damage deductible and the second rate chart uses a $500 deductible.

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

Ford Fusion insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fusion S 4-Dr Sedan $322 $544 $418 $24 $124 $1,457 $121
Fusion SE 4-Dr Sedan $364 $640 $418 $24 $124 $1,595 $133
Fusion Hybrid 4-Dr Sedan $364 $736 $522 $30 $156 $1,833 $153
Fusion SEL 4-Dr Sedan $364 $640 $418 $24 $124 $1,595 $133
Fusion Sport 4-Dr Sedan $364 $640 $418 $24 $124 $1,595 $133
Fusion SEL AWD 4-Dr Sedan $406 $736 $418 $24 $124 $1,733 $144
Fusion Sport AWD 4-Dr Sedan $406 $736 $418 $24 $124 $1,733 $144
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Ford Fusion insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fusion S 4-Dr Sedan $262 $438 $418 $24 $124 $1,266 $106
Fusion SE 4-Dr Sedan $296 $516 $418 $24 $124 $1,378 $115
Fusion Hybrid 4-Dr Sedan $296 $594 $522 $30 $156 $1,598 $133
Fusion SEL 4-Dr Sedan $296 $516 $418 $24 $124 $1,378 $115
Fusion Sport 4-Dr Sedan $296 $516 $418 $24 $124 $1,378 $115
Fusion SEL AWD 4-Dr Sedan $330 $594 $418 $24 $124 $1,490 $124
Fusion Sport AWD 4-Dr Sedan $330 $594 $418 $24 $124 $1,490 $124
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Prices do not factor in garaging location in Venice which can modify rates considerably.

Based on the above data, using a $250 deductible will cost you approximately $18 more each month or $216 a year than opting for the higher $500 deductible. Because you would pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you usually have at a minimum 14 months between claims, you would probably save some money if you opt for a higher deductible. The numbers below show how this calculation is made.

Average monthly premium for $250 deductibles: $137
Average monthly premium for $500 deductibles (subtract): - $119
Monthly savings from raising deductible: $18
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $18
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 14 months

One important note is that raising deductibles to save money results in having to pay to pay more out-of-pocket when you have to file a claim. You will want to have some available funds in the event you need to pay the deductible to have repairs made.

Why your cost might be higher

Consumers need to have an understanding of the rating factors that help calculate your policy premiums. If you know what influences your rates, this allows you to make educated decisions that may result in much lower annual insurance costs.

Getting married equates to better costs - Having a wife or husband actually saves money on your auto insurance bill. Having a significant other usually means you are more mature than a single person and statistics show drivers who are married file infrequent claims.

Lower rates by increasing deductibles - Coverage for physical damage, also known as collision and other-than-collision, protects your car from damage. Some examples of claims that would be covered could be a dented fender, vandalism, and damage caused by flying debris. The deductibles you choose tell how much you are willing to pay before a claim is paid by your company. The larger the amount you're willing to pay, the lower your rates will be.

Car insurance liability limits - Your auto insurance policy's liability coverage will protect you when a jury decides you are liable for damages from an accident. Liability provides legal defense coverage up to the limits shown on your policy. This coverage is very inexpensive compared to insuring for physical damage coverage, so drivers should make sure they buy enough to cover all assets.

Deter car thieves - Buying a car with a theft deterrent system can save you some money. Anti-theft devices such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all aid in stopping car theft.

Three reasons to insure your vehicle

Despite the high cost, insurance is required by state law in Florida and it also provides benefits you may not be aware of.

The benefits of buying enough insurance outweigh the cost, especially if you ever need it. According to a survey of 1,000 drivers, the average driver overpays more than $825 a year so compare rate quotes at every renewal to make sure the price is not too high.

Vehicle claim statistics

Which are the best vehicles for low claims? The statistics below show the worst and best vehicle models for the overall chance of filing claims for each type of coverage.

Comprehensive Coverage Claims by Vehicle Make and Model
Lowest Claim Frequency Highest Claim Frequency
Chevy Spark Maserati Quattroporte
Ford F-350 BMW M6
Nissan Xterra Bentley Continental GTC
Smart ForTwo Maserati Granturismo
GMC Sierra 2500 Bentley Continental GT
Volvo V60 Mercedes-Benz S Class

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Lowest and Highest Bodily Injury Liability Claims by Manufacturer Model
Lowest Claim Frequency Highest Claim Frequency
Chevrolet Corvette Mitsubishi Mirage
Volvo XC60 Chevrolet Sonic
Subaru Outback Chevrolet Cruze
Audi A6 Mitsubishi Lancer
Acura MDX Chrysler 200
Subaru Forester Hyndai Accent

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Manufacturer Models with the Lowest and Highest Medical Payment Claims
Lowest Claim Frequency Highest Claim Frequency
Ford F-350 SuperCrew Chevrolet Sonic
Chevrolet Corvette Mitsubishi Mirage
Land Rover Range Rover Sport Kia Forte
Chevrolet Silverado 3500 Chrysler 200
Chevrolet Silverado 2500 Hyundai Accent
Ford Expedition Dodge Charger

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Car Insurance Collision Claims by Vehicle Model
Lowest Claim Frequency Highest Claim Frequency
GMC Canyon Maserati Ghibli
Ford F-150 SuperCrew Nissan GT-R
Jeep Wrangler Maserati Granturismo
Mini Cooper BMW M6
Ford Edge Bently Continental GT
Chevrolet Colorado Bentley Continental Flying Spur

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

How much can you save?

When you buy Venice auto insurance online, it's a bad idea to skimp on critical coverages to save a buck or two. Too many times, someone dropped collision coverage only to find out that the savings was not a smart move. Your strategy should be to buy a smart amount of coverage at the best cost but still have enough coverage for asset protection.

Low-cost insurance in Venice can be sourced from both online companies and with local Venice insurance agents, so you need to quote Venice auto insurance with both to have the best selection. Some insurance providers may not provide online rate quotes and many times these regional carriers sell through local independent agencies.

You just read quite a bit of information on how to lower your insurance premium rates in Venice. The most important thing to understand is the more rate comparisons you have, the better likelihood of getting cheaper Venice auto insurance quotes. You may even be surprised to find that the best price on insurance is with a lesser-known regional company. These companies may have significantly lower prices on certain market segments than their larger competitors like State Farm, GEICO and Nationwide.

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