Things You Must Know Before Purchasing Florida Auto Insurance Online

Where can I find cheaper Florida auto insurance rates? That is often asked and the answer is complex.

It’s important to do rate comparisons occasionally because prices go up and down regularly. Just because you found the lowest price two years ago you may be paying too much now. Starting now, forget all the misinformation about auto insurance because you’re going to get a crash course in the proper way to save money, get proper coverage and the best rates.

In a nutshell, everyone who is required by state law to have auto insurance stands a good chance to be able to lower their premiums. Buying the cheapest auto insurance is quite easy. Florida drivers just need to understand the most effective way to compare rates online.

Comprehensive Florida Auto Insurance Comparison Quotes

All the larger auto insurance companies quote prices online. Obtaining pricing is pretty easy as you simply enter your required coverages as detailed in the form. When the form is submitted, their rating system pulls your credit score and driving record and generates a price determined by many factors.

Being able to quote online streamlines rate comparisons, but the process of having to visit a lot of sites and complete many quote forms gets old quite quickly. Unfortunately, it is important to perform this step if you are searching for the lowest auto insurance rates.

A quicker way to locate the lowest prices is to use a quote form that analyzes rates from multiple companies. The form is fast, reduces the work, and makes price shopping online a little more enjoyable. As soon as the form is sent, your coverage is rated and you can choose your choice of the price quotes you receive. If you find a better price you can click and sign and buy the new coverage. It takes 15 minutes at the most and could lower your rates considerably.

To fill out one form to compare multiple rates now, click here and begin entering your coverage information. If you have coverage now, it’s recommended you enter your the coverages as close as possible to your current policy. This ensures you will get an exact rate comparison for similar insurance coverage.

Components of your insurance rates

Smart consumers have a good feel for the rating factors that go into determining the rates you pay for auto insurance. Having a good understanding of what determines base rates helps enable you to make changes that can help you get lower auto insurance prices.

Where do you drive? – The more miles you rack up on your car in a year the higher your rates will be. The majority of insurers charge to insure your cars determined by how the vehicle is used. Autos left parked in the garage receive lower rates as compared to vehicles used primarily for driving to work. Make sure your auto insurance policy is rated on how each vehicle is driven, because improper ratings can cost you money.

Do you have enough liability coverage? – Liability insurance provides coverage in the event that you are found liable for damages caused by your negligence. Liability insurance provides legal defense starting from day one. Liability is cheap compared to physical damage coverage, so drivers should carry high limits.

Older drivers save more – Older insureds tend to be more responsible, tend to file fewer claims and tend to be better behind the wheel. Youthful drivers are statistically proven to get distracted easily when behind the wheel and because of this, their auto insurance rates are much higher.

Your occupation can affect rates – Did you know your occupation can influence how much you pay for auto insurance? Occupations like judges, executives and dentists are shown to have the highest average rates in part from job stress and lengthy work days. Other jobs such as actors, historians and homemakers pay the least.

Do you need those extra coverages? – There are many extra coverages you can purchase when buying auto insurance. Insurance for personal injury protection, better glass coverage and membership fees may be wasting your money. They may seem good when talking to your agent, but your needs may have changed so eliminate the coverages to reduce your premium.

More discounts equal less premium

Auto insurance companies do not list every available discount in a way that’s easy to find, so we took the time to find both the well known and the harder-to-find ways to save on auto insurance. If you aren’t receiving every discount possible, you are throwing money away.

• Seat Belts Save more than Lives – Drivers who require all occupants to wear their seat belts can save up to 15% off your PIP or medical payments premium.
• E-sign – Certain companies may give you up to $50 simply for signing digitally online.
• Homeowners Discount – Being a homeowner may earn you a small savings because owning a home shows financial diligence.
• No Charge for an Accident – A handful of insurance companies will allow you to have one accident before your rates go up if you are claim-free prior to the accident.
• Low Mileage – Driving fewer miles could be rewarded with better rates on cars that stay parked.
• Clubs and Organizations – Being a member of a civic or occupational organization could trigger savings on your policy.
• Multi-policy Discount – If you have multiple policies with the same insurance company you may save up to 20% off your total premium.
• Early Signing – Select companies give a discount for buying a policy prior to your current policy expiring. This can save 10% or more.
• Payment Discounts – If paying your policy premium upfront instead of monthly or quarterly installments you could save 5% or more.
• Safe Drivers – Drivers who avoid accidents may save up to 50% more than their less cautious counterparts.
• Discount for Good Grades – Performing well in school can get you a discount of up to 25%. Earning this discount can benefit you until age 25.
• Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems help deter theft and therefore earn up to a 10% discount.

Keep in mind that some of the credits will not apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like collision or personal injury protection. So despite the fact that it appears it’s possible to get free car insurance, auto insurance companies aren’t that generous.

Auto insurance myths debunked

Consumers in Florida get pounded daily by advertisements that promise big savings from companies such as State Farm and Allstate. All the ads make the same claim of big savings if you switch your policy.

How can each company claim to save you money? This is how they do it.

All companies are able to cherry pick for the right customer that earns them a profit. For instance, a preferred risk might be over the age of 50, insures multiple vehicles, and drives newer vehicles. A customer getting a price quote who matches those parameters is entitled to the best price and therefore will save a lot of money.

Drivers who don’t measure up to the requirements will be charged a higher premium which leads to the customer not buying. The ads say “drivers who switch” not “everyone that quotes” save that kind of money. That’s the way insurance companies can confidently advertise the savings. That is why it’s extremely important to quote coverage with many companies. Because you never know the company that will provide you with the cheapest rates.

Comparing rates from local agents

A small number of people prefer to buy from a licensed agent. Insurance agents are trained to spot insufficiencies and help you file claims. The biggest benefit of comparing insurance prices online is that you can obtain better rates and still have an agent to talk to.

After filling out this simple form, the coverage information is submitted to insurance agents who will return price quotes for your insurance coverage. You don’t have to even leave your home due to the fact that quote results will go straight to your inbox.

What is YOUR best insurance company?

Affordable auto insurance can be purchased both online in addition to most Florida insurance agents, and you need to price shop both so you have a total pricing picture. Independent insurance agents can write coverage with small, regional companies who do not offer you the ability to get quotes online.

Insureds switch companies for any number of reasons including delays in responding to claim requests, extreme rates for teen drivers, an unsatisfactory settlement offer and even high prices. Regardless of your reason, switching auto insurance companies is actually quite simple.

When trying to cut insurance costs, do not buy less coverage just to save a little money. In many instances, an insured cut physical damage coverage only to find out that they should have had better coverage. Your aim should be to find the BEST coverage for the lowest price, not the least amount of coverage.

More tips and info about auto insurance is located at the Florida Office of Insurance Regulation website. Visitors are able to download brochures, find out industry alerts, and read consumer alerts. Also read more on III.org’s auto insurance page and GEICO’s Understanding your Auto Insurance.