By Elena White
Auto insurance costs can vary depending on several factors. Unfortunately, many people don’t understand all of their options, or why the costs go up or down when purchasing auto insurance. Because people feel like auto insurance costs are so high, many choose not to be insured – a risky and dangerous choice.
Driving without insurance can end up costing much more than paying a premium, and this can lead to license suspension and a hefty fine. If a driver continues to drive with a suspended license, he may suffer even more serious consequences.
Additionally, Florida is a flawless state. This means that drivers need to purchase Personal Injury Protection (PIP) which helps cover driver and passenger medical costs if they arise after the driver has paid the deductible. Anyone who has recently paid a medical bill knows how expensive treatment can be. During the purchase auto insurance in florida, these tips can help stretch every dollar more.
Compare multiple quotes
Some people may have unhappy memories of homework, but doing the homework can save hundreds or even thousands of dollars a year. Although most auto insurance companies offer similar types of coverage, they often calculate costs in different ways. This means that in one region Geico may have the best rates, but in another Allstate may have the lowest rate. It is important to call and compare auto insurance company quotes. Never settle for the first option without investigating comparable quotes from other auto insurance companies.
Once a person has compared the quotes and found an auto insurance policy, it is a good idea to try and stay with the same insurance for the loyalty discount. Many companies offer a percentage savings on the total premium for customers who stay with them for a year or more.
However, a loyalty discount is just one of the many savings options offered by most companies. Other common discounts include:
- Good student discounts
- Multi-policy discounts
- Discounts on safe driving
Some companies like Allstate are more affordable than people think, and they also offer discounts for being eco-friendly and paperless. When looking for quotes, potential customers should inquire about any discounts available.
The right blanket
Sometimes paying for more coverage up front can save a lot of money down the road. Florida has the highest rate of uninsured motorists in the country, and with up to 27% of the driver population getting behind the wheel without insurance, an accident can become very costly.
While full coverage can increase the cost of the premium, customers can save a lot of money and time if they are involved in an accident. If they have only taken out liability insurance and an accident totals their car, they will not receive any compensation for their loss. Full coverage would alleviate this problem.
Pay while you drive
Many auto insurance companies offer auto insurance based on the number of people driving. This is also known as pay-as-you-go insurance. This can be a great option for people who drive a lot less than others.
Some examples of this include Snapshot from Progressive, SafePilot from USAA, and Allstate’s Milewise programs. This is usually only a savings for low mileage drivers who also practice safe driving techniques. An application automatically monitors the driver once a customer downloads and registers it.
So important is using a company that offers great customer service. A company’s premium could be a few dollars lower. However, poor customer service makes filing claims much more difficult and could even result in missed work.
The more helpful the customer service, the faster their customers can get back to work and get reimbursed for costly damages. Auto insurance customers in Florida have ranked Allstate number one in customer service compared to other insurers. In auto insurance reviews, Florida customers appreciated the helpfulness and expertise of their local agents.
Don’t be fooled by the minimum legal requirements for auto insurance in Florida. It can be very expensive to get auto insurance, but a little due diligence and a willingness to shop around for quotes can save customers a bundle and provide protection for themselves, their families, and other drivers.
Investing a little time up front can help avoid financial disaster later. Driving without insurance in Florida is very risky and could cost a lot more in fines and wasted time than paying a premium. Explore all the options available for peace of mind and the best possible rate.