Florida Auto Insurance
Florida no fault auto insurance is one of the most expensive nationwide. Moreover, thousands of residents pay much more for their coverage then they should. This article is meant to provide some tips for those who are looking to obtain an affordable insurance coverage in the Sunshine State.
The most obvious and most underused tip is: shop around. There are about one hundred insurance companies that operate in Florida, which means that you’d get a full picture only if you saw one hundred quotes. There is probably no need to obtain that many, but it is best not to limit yourself to a few quotes from the most recognized auto insurance companies. Obtaining a couple dozen quotes should be enough to help you find one of the lowest deals.
Today, there’s no need to meet agents or talk to them by phone – the quotes are offered through various comparison websites online. The entire process is fast, free, and easy – all you need to do is invest some of your time.
When looking for the most affordable no fault insurance coverage quotes, keep in mind that some comparison sites are affiliated with a specific number of insurers. The easiest way to ensure that your choice is not limited by any affiliations is to request quotes from a number of sites. Even though not all websites are affiliated with insurers, you can never tell for sure. It’s best to spend a little more time but be able to see the complete picture.
Florida has a specific predefined insurance minimum, which you cannot go under if you want to drive in this state legally. The minimum is $10,000 PD and $10,000 PIP. If you have a brand new car, you may want to obtain additional types of coverage for it, such as collision. Some companies offer additional types of coverage at very affordable rates.
The next aspect to ponder over is your deductible – the higher it is, the less your premium is. Yet, you need to keep in mind that increasing the deductible is a tricky way to lower your costs – if you are in a car accident where another driver was at fault, your insurer will cover your damages minus the deductible. In case of smaller accidents (they are much more common than major accidents); your insurance company may not have to pay you anything, as a large deductible may cover it all.
One good option to consider is to look into long term contracts, such as annual. Auto insurers like long-term contracts, as this guarantees that a customer will be paying longer. So, they are likely to offer nice deals for the customers who wish to stay longer.
Whichever type of coverage, amount, and deductible you go with, it’s important to have a peace of mind about it. If you have a newer or more expensive car, you may want to ask yourself, whether the coverage type/amount/deductible will allow you to have a peace of mind.