What is the Average Car Insurance in Florida?

The average cost of car insurance in Florida is $2,084 per year, which is higher than the national average of $1,548. There are several reasons for this, including the state’s no-fault insurance laws and hurricane risk. However, there are ways to save money on car insurance in Florida, such as by shopping around and comparing rates, bundling policies, and taking advantage of discounts.

Another option for Floridians is to purchase non-standard car insurance, which can offer lower rates and more coverage options than standard policies.

The Average Cost of Car Insurance in Florida

Why is Car Insurance so Expensive in Florida?

One of the main reasons car insurance is so expensive in Florida is the high number of traffic accidents in the state. There were more traffic accidents in Florida in 2016 than in the previous year. Insurers have to pay out more claims to raise premiums for consumers.

Another reason car insurance rates are so high in Florida is the state’s “no-fault” insurance system. Under this system, each driver’s insurer pays for their medical bills and property damage regardless of who was at fault for the accident. Insurers have to pay claims even if customers are not at fault.

How Can I Save Money on Car Insurance in Florida?

There are things you can do to save money on your car insurance. One is to search around and contrast prices from several providers before purchasing a policy. Another is to take advantage of discounts offered by insurers, such as discounts for careful drivers or bundling your auto and home policies with one company. You can also save money by raising your deductible, though you have to pay more if you get into an accident.

How Does Driving History Affect Car Insurance Costs in Florida?

Your driving history is one of the factors that insurers use to determine your rates, and it can impact how much you pay for car insurance in Florida. If you have a clean driving record, you will get cheaper rates than someone involved in multiple accidents or who has received speeding tickets or other traffic violations. However, even if you have blemishes on your record, there are ways to get affordable coverage by shopping around and comparing rates from different companies.

Credit Scores and the Cost of Car Insurance in Florida:

Your credit score is another factor that insurers use when determining your rates, and it can impact how much you pay for car insurance in Florida. If you have good credit, you will get better rates than someone with poor credit. People with good credit are less likely to file a claim. If you have poor credit, you can still get coverage, but it will likely be more expensive.

The Non-Standard Car Insurance Market in Florida

What is the Non-Standard Car Insurance Market?

The nonstandard car insurance market is a market for drivers who are considered high-risk by insurers. These drivers may have accidents or violations on their record, or they may simply be inexperienced. Nonstandard car insurance rates are typically higher than standard rates, but drivers in this market can still find ways to save money on their coverage.

There are a few reasons why a driver may be considered high-risk. One reason is having accidents or violations of their driving record. This could include anything from a speeding ticket to a DUI. Another reason might be a lack of experience behind the wheel; they often consider young drivers and seniors high risk because of this. Finally, some drivers may simply live in an area with a high rate of accidents or crime. This could include inner-city neighborhoods or rural areas with poor roads and little access to medical care.

Whatever the reason, drivers in the nonstandard market can still find ways to save money on their coverage. One way is to compare shopping among different insurers. Another way to save is by looking for discounts that may apply to you, such as good-driver discounts or discounted rates for taking defensive driving. 

How can I get Non-Standard Car Insurance?

If you’re looking for non-standard car insurance, the best thing is to shop around and compare quotes from different insurers. Keep in mind that each company has its own definition of what constitutes a high-risk driver, so it’s important to get quotes from multiple companies before making a decision. You can also look for discounts that may apply to you, such as good driver discounts or defensive driving course discounts.

The benefits of Non-Standard Car Insurance

Lower Rates

One of the main benefits of non-standard car insurance is that it typically comes with lower rates than standard insurance. This is because non-standard insurers are willing to take on more risk, and thus they charge less for their coverage. This can be a great option for drivers who are unable to find affordable rates elsewhere.

More Coverage Options

Another benefit of non-standard car insurance is that it provides more coverage options than standard insurance. This means that you can tailor your policy to better suit your needs, and you won’t have to pay for coverage you don’t need. This can be a great way to save money on your car insurance.

Better Customer Service

Non-standard insurers also tend to provide better customer service than standard insurers. This is because they are typically smaller companies that work hard to keep their customers happy. This can be a great benefit if you have had problems with customer service in the past.

Conclusion

The average cost of Tampa car insurance, and Florida in general, is expensive, but there are ways to save money on your premium. One way to do this is to get non-standard car insurance, which can offer lower rates and more coverage options. If you have a poor driving history or credit score, non-standard car insurance may be the best option for you.