The cost of car insurance, like pretty much everything else, has gone up significantly in the last couple years, and especially so in Florida. One report indicated that the average premium in Florida in 2021 was slightly more than $2400 for the year, which was almost 60 percent higher than the national average.
There are some factors that go into why Florida insurance costs are so high, including the number of drivers on the road and the rate of accidents in the state. While insurance will be inherently more expensive in Florida than most other states, there are still some things drivers can do to reduce the amount they can expect to pay.
Here are a few tips for keeping premiums low while still maintaining good coverage.
- Drive safely: A clean accident record and no traffic citations makes for cheaper insurance.
- Take advantage of discounts: If you bundle insurance through the same company, you’ll be able to get cheaper rates.
- Boost your credit: Drivers with better credit ratings have access to better premiums. Make timely payments and keep long-established credit accounts on the record.
- Choose the right vehicle: Vehicles that are safe and low-profile are cheaper to insure than flashy sports cars or cars without safety features.
- Review coverages: Go line by line through your existing coverages and see if you truly need everything you’re currently paying for.
- Find other discounts: You might be missing out on some discounts for which you qualify, such as student discounts, veteran discounts or various other common discounts.
- Shop around: Don’t feel tied down to one provider. Shop around and find where you can get the best rates, whether or not you bundle.
For more information about how you can keep your insurance premiums as low as possible, contact a trusted Bradenton, FL personal injury attorney at Goldman, Babboni, Fernandez & Walsh.