8 Tips Shown to Slash the Cost of Car Insurance Costs in Florida

Having to pay for overpriced car insurance can take a big chunk out of your bank account and force you to prioritize other expenses. Comparing price quotes is free and is an excellent way to lower your monthly bill.

Drivers have multiple to buy insurance from, and even though it's nice to be able to choose, it can be more challenging to compare rates.

It's important to compare prices quite often since rates are constantly changing. If you had the lowest rates last year you can probably find a better price now. So ignore everything you know about car insurance because we're going to show you the tricks you need to know to find lower rates on car insurance.

Finding affordable car insurance coverage in Florida is not that difficult. Essentially anyone who has to buy car insurance will be able to reduce their rates. Nevertheless, New York car owners do need to know how insurance companies market on the web and use this information to your advantage.

Don't pay full price with these eight discounts

The cost of insuring your cars can be expensive, but you can get discounts that can drop the cost substantially. Some discounts apply automatically when you complete an application, but lesser-known reductions have to be asked for before they will apply.

College Student - Any of your kids who attend school more than 100 miles from home without a vehicle on campus may be able to be covered for less.
55 and Retired - If you're over the age of 55, you can possibly qualify for better car insurance rates.
Government Employees - Employees or retirees of the government can earn a discount up to 10% with select insurance companies.
Anti-theft System - Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and earn discounts up to 10%.
Drivers Education - Cut your cost by having your teen driver complete a driver education course in high school.
Drive Less and Save - Keeping the miles down can earn better rates on cars that stay parked.
Defensive Driving Course - Taking a driver safety course could cut 5% off your bill if your company offers it.
Passive Restraints - Factory air bags or automatic seat belts may earn rate discounts of up to 25% or more.

Consumers should know that most discount credits are not given to the overall cost of the policy. Most only apply to specific coverage prices like liability, collision or medical payments. So when it seems like you would end up receiving a 100% discount, companies don't profit that way. Any qualifying discounts will bring down your premiums.

To choose companies with the best car insurance discounts in New York, click this link.

The car insurance bait and switch

Car insurance companies such as Progressive, GEICO, Allstate and State Farm regularly use ads in print and on television. They all seem to make the same claim of big savings if you move to their company. How does each company make the same claim? It's all in the numbers.

Different companies have a preferred profile for the driver that makes them money. For example, a desirable insured could be over the age of 50, insures multiple vehicles, and drives newer vehicles. Any new insured who matches those parameters is entitled to the best price and therefore will save when switching.

Consumers who don't measure up to these standards will have to pay higher rates which leads to business going elsewhere. The ads state "customers who switch" not "everyone that quotes" save that much. This is how insurance companies can confidently claim big savings.

Because of the profiling, you should compare as many rates as you can. It's just too difficult to predict which insurance companies will give you the biggest savings.

Your personal situation dictates your coverage

When buying adequate coverage for your personal vehicles, there isn't really a "perfect" insurance plan. Every situation is different so this has to be addressed. Here are some questions about coverages that may help you determine whether or not you may require specific advice.

Why does it cost so much to insure a teen driver in Florida?
Should I put collision coverage on all my vehicles?
Why am I required to get a high-risk car insurance policy?
What are New York no-fault laws?
Do I need special endorsements for business use of my vehicle?
Does my policy cover my teen driver if they drive my company car?
Is rental equipment covered for theft or damage?
Is my dog or cat covered if injured in an accident?

If it's difficult to answer those questions but a few of them apply, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area.

Additional car insurance information can be found on the website for the New York Department of Financial Services found here. Consumers can read enforcement actions against agents and companies, learn about insurance regulations, read industry bulletins, and read consumer alerts.

Affordable insurance is out there

When trying to cut insurance costs, it's very important that you do not buy poor coverage just to save money. There are many occasions where drivers have reduced uninsured motorist or liability limits only to regret that it was a big mistake. Your aim should be to buy a smart amount of coverage at the best price.

Cost effective car insurance is definitely available from both online companies and also from your neighborhood Florida agents, and you should be comparing both to get a complete price analysis. A few companies may not provide online price quotes and most of the time these regional insurance providers sell through independent agents.