What Factors Influence Car Insurance Rates in Florida?
In recent years, the cost of car insurance in Florida has spiraled. If you’re an average driver, you can now expect to pay over $3,500 for comprehensive coverage and almost $1,200 for basic insurance. Various factors such as your age, location, and vehicle determine the quotes you may receive. While some of these factors are outside your control, you can reduce the cost of insurance in several ways.
What Factors Influence Car Insurance Rates in Florida?
Other factors include the make and model of the vehicle, as well as its age and safety features. Luxury cars generally have higher insurance premiums due to their increased repair costs and theft rates. Insurers may also consider the location where the car is primarily kept and driven. If you live in an urban area with higher traffic congestion or a neighborhood with higher crime rates, you may pay more.
How to Strategically Select Cheaper Car Insurance in Florida
Selecting a higher deductible also reduces your premiums. Additionally, you could add certain safety features to your vehicle, bundle insurance policies, or opt for a special policy such as usage-based insurance.