One of the great benefits of living in Florida is the lower cost of living compared with many other states, even near the coast. However, despite the lower costs for many common needs, for everything from housing to the lack of state income tax, you may still find it difficult to find cheap car insurance in Tampa, FL.
In fact, Florida ranks sixth on the list of most expensive states in the nation for car insurance, according to statistics from The Insurance Information Institute. The average driver in the state will pay $1,141 per year in insurance costs, which is twice as much as what a driver could expect to pay in the cheapest state, Idaho. These costs can rise dramatically if you live in certain parts of the state like Miami.
So how can you find lower prices for your insurance in Florida? Read on for some tips.
Choosing your coverage level
The simplest way to get cheaper insurance is to choose minimum coverage. The state requires a minimum of $10,000 in personal injury protection coverage (PIP) and $10,000 n property damage liability. PIP covers all expenses related to injuries suffered by you or your passengers, while property damage liability covers all expenses associated with repairing damages you cause to another person’s vehicle or property.
There is, of course, a risk associated with choosing minimum coverage. If you do get into an accident, you may find the minimum coverages aren’t enough to cover all the expenses associated with your crash. While you will definitely save money on your monthly premiums, you have to decide whether or not this is worth accepting the larger risk should you ever find your vehicle totaled, or if you or any of your passengers end up with significant medical bills as a result of an accident.
So, if you decide you’ll go with a higher level of coverage, really the only way you can ensure you’re getting the lowest prices is to make sure you’re a good driver. This means avoiding having at-fault accidents on your driving record, avoiding traffic tickets and generally being safe on the road. The lower of a risk you appear to an insurance provider, the lower you can expect to pay for your insurance policies.
The kind of vehicle you drive can also make a difference—certain makes and models are associated with higher risk behaviors, or with a greater likelihood of theft. Your Honda Civic won’t cost nearly as much to insure as a Maserati, for example.
You should also be sure to shop around when looking at insurance policies. Different companies will offer the same level of coverage, but at different prices. Get quotes from as many different insurance companies as you can before making your decision. The one that gives you the best coverage at the lower price will be a strong contender for the policy you’ll go with.
For more information about how you can minimize your car insurance-related expenses with cheap car insurance in Tampa, FL, contact the team at Star Nsurance today.