jump to navigation

Least Expensive Insurance Coverage Quotes in Florida May 15, 2009

Posted in : Economy + Finance, Insurance Info, Road Rage , comments closed

FL Insurance Minimums

Florida is a no-fault state which means that your insurer will pay for costs incurred from accidents no matter of who’s at fault. Since neither party is found to be at fault, you end up losing a few of your legal rights to take legal action under a no-fault system. Specific details of a no-fault system can differ from state to state.

Personal Injury Protection (PIP) helps cover the costs created for all people involved in an auto accident. Florida has legally required minimums that all motorist are required to have under Florida state law. For everyone involved, the limit is $20,000 and $10,000 is the requirement for one person involved. These limits are simply the very minimum each Florida motorist must have to legally drive on Florida roads. For more piece of mind, you can uphold higher limits – however, your premiums will also be higher.

To keep financially safe in the event that you are involved in an auto accident with someone who either does not hold an insurance policy or doesn’t have the right amount of insurance to cover costs, you should look at adding Underinsured Motorist insurance coverage to your Florida auto insurance policy policy. You’re not asked by law to have this kind of auto insurance, but it is urged in order to be protected in the event that you are in an accident with an uninsured driver.

The usual auto insurance rate for Florida motorists was $1,104 in 2003; the U.S. average was $914. Lots of people who wrongly presume that they don’t have any way of getting better their insurance premium. Insurers segment their rates differently so everyone’s rate will vary with each company. You need to watch to find out if you are getting the best rates or paying too much. Auto insurance sites help you receive the competitive prices available in Florida, so mean Floridians can get a cheaper-than-average low rate on their coverage.

Compared to 2006, 2007 saw insurance rates come down by .5% to 1%. However, these declines were temporary as in 2008 and 2009, auto insurance once more began to ascend. Unless you’re on a regular basis seeking the best rates, you’re most likely paying too much. rates. You possibly might be able to receive decrease insurance rate quotes at another auto insurer and/or find that you’re eligible for certain auto insurance rebates.

How to Minimize Your Car Insurance Premiums February 2, 2009

Posted in : Economy + Finance, Insurance Info, Road Rage , comments closed

With rising auto insurance rates, cost concious people everywhere are looking for ways to get car insurance discounts. And why not? If it can save you some money then go for it, right? Well, there are many ways to get discounts on automobile insurance. Try to check if you or your car is eligible for the following deductions but remember that these are general price reductions, you have to inquire with your auto insurance agent if they offer them.

Individual Insurance Discounts

These discounts are usually given based on your performance as a driver and policy owner. The other discounts are given based on your present status in life.

  • Going to Traffic School If by any chance you have received a speeding ticket, you may attend traffic school either online or through a traditional setting to have your ticket expunged from your driving record. Indirectly, this will have an effect of lowering your yearly auto insurance costs
  • Good Student deductions. Insurers know that students with higher GPAs have a lower risk of being involved in a car accident. Therefore, they will usually offer discounts on your automobile insurance.
  • Belong to a Professional Organization. Many times, if you belong to a trade or professional organization, you’ll be able to receive additional price reductions on your car insurance. This can include professions such as surgeons, pharmacists, scientists, etc.
  • Senior Citizen Discount. If youre a mature driver, aged 55 or over and have completed a Defensive Driving course being offered by the DMV in your state, then you may qualify for a discount.
  • Loyalty Programs. Staying with the same insurance agent for several years and maintaining a clean driving record will give you a great history with them. Many times, the insurance firm will reward you with your loyalty with special insurance rates.
  • Uphold a Good Driving Record. Your unspoiled driving history will also allow you to receive car insurance discounts. Some insurance agents offer up discounts for drivers and insurance policy holders who have not been in accidents or have not received any traffic tickets for a certain period of time.
  • Home + car insurance Packages. Your insurer may give you multi-line deductions if you insure your home and other cars with them as well.

    • Car-Related Deductions

    Your car is a huge factor in ascertaining how much you’ll be giving for car insurance. Depending on the overall safety and other features of your car, you can get certain discounts on insurance.

    1. Car Air Bags. There are many types of airbags: front, rear, side-curtain, etc. The better you’re protected, the bigger the discount you may be able to receive.
    2. Anti-Lock Brakes System (ABS). Many cars on the road today are equipped with ABS. Many car insurance firms offer discounts if your car is outfitted with this type of braking system and many states even require the insurance provider to do so.

      3. Anti-Theft Devices. Installation of anti-theft devices like LowJack is a way to get cheaper automobile insurance. There may be an added bonus if the alarm automatically turns on when the car’s turned off.

    How to save Money on Your Car Policy January 7, 2009

    Posted in : Road Rage , comments closed

    If you want to save some dough on your auto coverage , there are three things that you can alter to help you lower your rates.

    Let’s have a look at each one, and see where you can make some cuts.

    Your Lifestyle

    I realize that you don’t want to turn the way you live upside down just to save a few bucks on car insurance. I wouldn’t either. But there are things that you can do that might save you big.
    Drive less and drive more safely. Insurance companies always offer safe driver incentives, which can mean a big auto insurance discount.

    There’s good reason for this. For every speeding ticket you get within one year, your chances of being at fault in a motor vehicle rise exponentially. So hit the brakes!

    The less you drive the less you pay, too. If you can carpool or use public transit to and from work, your premium will go down. Lower your mileage and you’ll cut down your rates.

    One factor that will definitely influence your rates is the presence of teen-aged drivers in your home. But young drivers who get good grades, or who drive an older car, may earn you an auto insurance discount.

    Your Car

    The type of automobile you drive will have a big effect on your insurance costs. High profile cars (this means both sporty coupes and popular vehicles preferred by thieves, like Honda Accords ) will earn higher rates than lower profile minivans and station wagons.

    Of course, new and expensive cars mean higher collision and comprehensive rates. Driving an older model can lower your auto insurance rates by quite a bit.

    Don’t feel like changing your car? A simpler way to earn a discount auto insurance rate is to install safety devices on your car.

    Car alarms and locator devices can also lower the cost of comprehensive coverage. Many insurance providers will offer you a discount if you provide proof of having some type of anti-theft device installed.

    Your Provider

    Shopping around several auto insurance providers might be the best way to save on your coverage. Premiums for the same coverage can vary widely from one provider to another, and gathering a few quotes before making your decision can mean real savings.

    ——–

    ———-The author, Jonathan Krakowski, writes a regular column for Taxes In-Depth, an award-winning tax information site.