But car insurance prices are dictated by factors other than state lines. Auto insurance premiums take into account a number of components, including your driving history, credit history, gender, age, and marital status. Because Florida requires relatively comprehensive auto insurance, many people wonder about the cost of that type of coverage. The truth is that insurance in Florida is expensive compared to the national average.
While pay-per-mile insurance also takes these factors into account, it's largely usage-based, meaning your rates are based on the number of miles you drive. PIP fraud may be common in no-fault states, including Florida, where staged accidents and unscrupulous medical providers can increase the cost of insurance, specifically PIP. Even so, some companies tend to have better insurance rates for young drivers, so it's better to go shopping to find them. For more help finding cheap car insurance in Florida, try NerdWallet's car insurance comparison tool.
Insurance companies can't review the full report of your motor vehicle, but they can see things like fines, accidents, and any convictions you've had in the past related to driving. Because of this and the fact that the state requires insurance companies to pay for medical expenses incurred after an accident regardless of who was at fault, insurance prices are much higher. In addition, property damage coverage can cover legal costs if the insured driver is involved in a lawsuit after the accident. However, teens can still find affordable car insurance in Florida by comparing rates from several companies.
Rather, an auto insurer must submit an FR-44 certificate on behalf of a person convicted of DUI or similar offenses. One of the most important factors in determining your car insurance rates is the make and model of the vehicle you are driving. While insurance rates may vary depending on your location, vehicle characteristics, and other factors, there are certain insurance companies that excel at offering cheaper rates in Florida. We changed the credit level from “good” to “bad” as reported to the insurer to see the rates of drivers with bad credit.
Both Progressive and Allstate premiums are 35 percent above the state average, making them two of the most expensive auto insurance companies in Florida, according to Insurance Panda. Provide the same information for each quote to see which insurance company offers the best rates for your needs. But if you want to reduce your own insurance costs, address as many personal factors as you can. The way to find the insurer with the best car insurance ratings in Florida and save on your insurance premiums is to compare quotes from all the companies in your area.