Are you currently in the market searching for auto insurance? Finding the perfect fit can be a daunting task. We have to find the perfect coverage, an agent who can handle our questions well, and we want affordable prices.
Have you been wondering; how much is car insurance in Florida per month? If so, you are in for good news. That is exactly what this article will help you to find out.
There is no real way to answer this question.
Unless you compare quotes, which can be done in minutes, you will not find the real answer to this question. You will be able to get averages, but you will not be able to find out how much you will end up paying for auto insurance. A similar styled question would be how much will my pay check be in two weeks? Of course, you would be able to estimate how much you will make, but there are a lot of variables to this question. How many hours will you work, how much do you get paid an hour, will you do overtime, will you call off, etc. For auto insurance there are many things that you have to ask yourself as well. For example, how old are you? What part of Florida do you live in? What type of car do you drive? Are you married or are you single? What gender are you? Do you have a clean driving record? These are just a few things that insurance companies check when determining your rates. Once again, the best way to save on auto insurance is to compare rates yourself. Below we will give you an auto insurance average for Florida drivers.
Average car insurance in Florida per month
In a 2012 study, Florida had average monthly premiums of $88.50. This study done reveals the expensive cost of auto insurance in Florida. The only states that were more expensive than Florida were Washington D.C. with a $98.50 monthly average, Louisiana with a $89.67 monthly average, New Jersey with a $98.67 monthly average, and New York with a $93.50 monthly average. Another recent study done by Value Penguin reveals that Floridians are now paying $153 in monthly premiums. The average annual car insurance rate in Florida is $1,830. Once again, gender and age play a huge role in how much you will end up paying for auto insurance. I’ve noticed a trend, young female drivers pay less on car insurance than men. However, the rates become similar as both genders enter into adulthood.
Once again, these are only averages. You might end up paying more than this or you might end up less than this. If you have a bad driving record with DUI’s and tickets, then expect to pay more for car insurance. If you have a clean driving record and you have full ownership of the vehicle, then you might end up paying less.
The higher rates do not just stop on auto insurance. Floridians pay more on home insurance premiums as well. Florida is the most expensive state for home insurance due to hurricanes and other weather conditions. Florida residents pay a little more than $170 a month for homeowner’s insurance. The above statistics reveal to use that Florida is an expensive state to live in for those shopping for insurance.
The city that you live in matters.
What city in Florida do you need auto insurance in? Some cities in Florida actually offer decent rates compared to some other Florida cities. I’ll give you a few examples. Bradenton residents are paying over $1200 a year on auto insurance while those in Bristol, FL are paying less than $1000. Those in Miami, Florida are paying over $2000 a year on auto insurance while those in Palm Bay are paying slightly above $1000. Orlando residents pay over $1400 on their yearly insurance premium while Sanford drivers pay just a few dollars above $1200. Tampa drivers pay over $1800 on their yearly insurance policy while Tallahassee drivers pay less than $1000. Auto insurance premiums in Fort Lauderdale, which is the city that I reside in are on the expensive side. Broward County average insurance rates are slightly above $1700 a month. What is the average rate in your city? Make sure that you take the time to get a quote, which can save you hundreds on your insurance premiums.
The amount of coverage that you have also matters.
Obviously if you choose to get full coverage you will be paying more than someone who just wants liability. If you just leased a vehicle, then you know that your leasing always requires that you have full collision and comprehensive coverage. I used to drive an older model Toyota Camry and I was able to get a low monthly rate of $50 a month for liability insurance. I remember also having to pay around $180 for full coverage for a newer model Hyundai.
What type of auto insurance do you want? Florida requires that you have $10,000 property damage liability per accident and $10,000 (PIP) personal injury protection. You can choose liability, collision, comprehensive, personal injury protection, auto medical payments, and uninsured/underinsured motorist coverage. Other types of coverage that you can get include: accident forgiveness, incident forgiveness, emergency roadside assistance, GAP insurance, personal umbrella policy (PUP), etc. You don’t need all of these insurance options. Choose the coverage that fits you best and what you are trying to do.
Discounts that you are eligible for matter as well.
Certain car insurance discounts can help you to save 20% or more. Discounts have a huge impact on how much you end up paying in Florida. Insurance companies like State Farm and Progressive are rich in discounts. Discounts that you may apply for to lower your rates are multi-car, home and auto, membership, good student, safety features, military, safe driver, away from vehicle, prior insurance, and more depending on the company. Insurance discounts save me over 20% a year on my insurance premium.
Compare rates in Florida today
In Florida you will get good rates with many insurance companies such as State Farm and Farmers insurance. With many reputable carriers such as GEICO, Progressive, Allstate, and more, you are sure to find the right fit for you and your household.
Are you paying too much for auto insurance? If so, then don’t be afraid to switch. The most important thing you can do when finding the right insurance carrier is compare quotes. You will easily be able to save over $50 a month.
Bottom Line
In this article, we learned that insurance rates in Florida are expensive compared to most states. Floridians have to pay an average monthly insurance rate of around $153. However, rates vary per person. Depending on your city, the amount of coverage that you need, your driving history, etc. you might pay more or less on insurance. Get a quote today in minutes!