Best Auto Insurance In Florida For Seniors - Minimum coverage in Tampa costs an average of $3,020, about $252 a month, while the city's full coverage policy typically costs $4,440, or $370 each month. Prices are about $970 higher than auto insurance in the rest of Florida.
Depending on the insurer, the minimum amount of car insurance can vary by more than $5,000. This shows why shopping around can help you save money.
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Geico and State Farm offered the most affordable rates for the lowest liability policies in Florida. On average, these companies pay less than $2,000 a year.
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A minimum coverage policy comes with the minimum coverage required by Florida law. Insurance costs increase in densely populated areas. Tampa is the largest city in the Tampa Bay area and the third most populous city in Florida, so it's no surprise that insurance rates are higher than the state average.
A minimum liability policy is the cheapest coverage option, but it may not be the best for your individual needs. Remember that the minimum policy does not cover damage to your vehicle. If you are in an accident and your car is badly damaged, your insurance will not cover the damage.
The Tampa insurance company with the cheapest comprehensive insurance policy is Geico, with an average premium of $2,331 per year.
If you're looking for an alternative, the second cheapest option is State Farm, which costs an average of $693 more than Geico.
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A full coverage policy is more expensive than a minimum liability policy, but offers more protection. Specifically, it comes with comprehensive and collision coverage.
If your car is less than 10 years old or worth more than $3,000, you will benefit more from purchasing a comprehensive coverage policy. But if your car isn't worth much, then investing in a comprehensive coverage policy may not be worth it. You could end up spending more on insurance than your current car is worth.
New drivers in Tampa will find the cheapest insurance rates from Geico at an average annual cost of $4,070, slightly less than the city average.
Age is one of the biggest factors that affects insurance rates. Young people typically pay more for car insurance than middle-aged drivers. Teen drivers are more likely to be involved in an accident of any group, which puts them at risk to insure.
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In fact, the average cost of comprehensive insurance for young people is almost double that for drivers in their 30s.
Tampa drivers with an accident on their record should look to Geico for the best car insurance quotes after an accident.
Drivers with even one accident history know that it can put a huge burden on their insurance costs. Insurance premiums always go up after an accident. Companies with the smallest price increases after the crash:
Accidents can increase your premiums and negate the benefits of being a good and safe driver. When looking for quotes, it's important to ask how an accident will affect your rates.
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In Tampa, your neighborhood affects your annual car insurance rates. If you live in New Tampa, Tampa's least expensive neighborhood, you'll pay $757 less than your friend or colleague in Northwest Tampa, a tourist hub and one of Tampa's most expensive neighborhoods.
Tampa has the lowest auto theft rate of the eight largest cities in Florida. The city's car theft rate is about half that of Jacksonville, Florida's most populous.
The 11 largest players in the Florida auto insurance market write about 82% of all premiums. Each major insurer differs in average price, number of policy offerings, and quality of service, among other factors.
If you're debating whether to get insurance from a large company or a small company, it's important to consider the pros and cons of each, as well as your needs. Larger insurers offer more discounts, policies and affordability, but smaller insurers lack the personalized service approach.
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Car insurance requirements are determined by the state of Florida. To legally drive in Tampa, all drivers must meet the following requirements:
Insurance in Florida is generally more expensive than in other states, so you may want to purchase the minimum amount of coverage. However, if you are involved in an expensive accident, a minimum liability policy may not be enough to protect you financially. Drivers with more expensive or newer vehicles should consider higher coverage limits or additional protection.
Regardless of who was at fault, no-fault insurance covers your medical expenses after an accident. Drivers are not allowed to file a claim or file a lawsuit against another driver after an accident.
The type of no-fault insurance required in Florida is personal injury protection (PIP), which financially covers medical bills for you and your passengers.
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If you have been convicted of driving under the influence or without insurance, the Florida Financial Responsibility Act requires you to carry additional coverage in the form of SR-22 or FR-44 insurance and higher coverage limits.
Drivers without insurance or with too many points on their license are considered high risk. These drivers can ask their insurer to issue an SR-22 endorsement. The form acts as proof that you meet the following insurance requirements:
You should check with your local Department of Motor Vehicles (DMV) to determine how long your SR-22 approval should be. In most cases, you must have an SR-22 filed in Florida for at least three years.
An FR-44 is usually required for drivers convicted of driving under the influence (DUI) or driving while intoxicated (DWI). Because of the severity of these violations, drivers applying for an FR-44 must pay very high coverage limits.
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Examined data from six Tampa insurance companies. Unless otherwise noted, our sample driver was a 30-year-old single male who owned a 2015 Honda Civic EX. The driver wanted to purchase the minimum car insurance policy and had bad credit.
The analysis used insurance rate data from Quadrant Information Services. These rates are publicly available from insurers' apps and should be used for comparison purposes only - your quotes may vary.
To get an insurance quote over the phone, call: (855) 596-3655 | Agents are available 24 hours a day, 7 days a week! The cheapest car insurance companies in Florida are Geico, State Farm and Travelers. Florida drivers can save hundreds of dollars or more per year by shopping around and comparing quotes.
Florida car insurance isn't cheap. In fact, Florida was the 36th most expensive state for car insurance in our national study of cheap car insurance. A big reason for this is that Florida has the highest rate of uninsured drivers in the country, at 27%. Uninsured motorist injuries cost billions of dollars a year, and insurance companies bear the brunt of those costs before passing the cost on to consumers in the form of higher premiums.
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Comparing Florida car insurance options is especially important because the rates can be quite high. Additionally, some companies charge much more than others for the same coverage. In Florida, the average difference between the highest and lowest quotes for comprehensive coverage is more than $1,500. This shows just how much Floridians can save by shopping around.
To help you find the best cheap auto insurance companies in Florida, analyze quotes from all the top insurance companies using multiple driver profiles and zip codes in the state.
Geico has the cheapest auto insurance for top drivers in Florida. Drivers who have never been in an accident or received a citation are considered by insurers to be good drivers and pay less for insurance than drivers who are in bad shape. In addition to lower rates, good drivers can often get additional discounts from their insurance company.
Full coverage means a policy that exceeds the state's minimum requirements. Because comprehensive coverage protects you in more situations, it goes above the minimum requirements.
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After a speeding ticket, many drivers see their insurance rates increase for 3-5 years. It's important to remember that every insurance company calculates rates differently, so you should always get multiple quotes to get the best deal.
A one-fault accident usually negatively affects your insurance for 3-5 years because insurers consider you a high risk. Because your rates are higher, it's even more important to compare.
A low credit score often marks drivers as higher risk, so insurers typically pay more to cover them. However, because insurers use different formulas to calculate premiums, bad credit may affect your rates with one company more than another. Because each insurance company treats credit differently, it's worth comparing quotes.
Because young drivers have less experience behind the wheel, insurers charge them higher rates than older drivers. On average, most drivers see their rates drop as they get older and drop sharply after age 25. Cheapest auto insurance in Florida for older drivers
How Age Affects Car Insurance Costs
Although mature drivers pay less for car insurance than teenagers,
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