Who Has the Cheapest Auto Insurance Quotes for Drivers with Accidents in Florida?

This would be a really short article if we could simply give you the name of the one auto insurance company that is cheapest in Florida. It’s just not that easy, however, as there are many unknown factors like where you live in Florida, the performance level of your vehicle, and your driving record. We know insurance is not everyone’s favorite topic, but in this article we will cover these topics and will hopefully give you a good start in finding the cheapest insurance.

For drivers with at-fault accidents, one of the largest components that is looked at to determine the annual cost of car insurance is where you keep your car in Florida. Densely populated urban areas like Hialeah, Miami, and Miramar tend to have more expensive car insurance rates, whereas areas with less people or fewer weather incidents enjoy lower auto insurance rates.

The illustration below sorts the most expensive areas in Florida for drivers with accidents to purchase a policy in.

Rate quotes are approximated as the specific garaging location can affect insurance rates greatly.

The vehicle that is being insured is a large consideration when quoting low-cost insurance for drivers with accidents. Vehicles with high performance features, a lack of safety features, or high incidents of liability claims will cost significantly more to insure than more economical and safe models. The next tables shows car insurance prices for some of the more afforable vehicles to buy coverage for.

Cost estimates assume single male driver age 50, no speeding tickets, two at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-vehicle, and multi-policy. Rate quotes do not factor in vehicle location which can raise or lower rates considerably.

Cost estimates assume single male driver age 50, no speeding tickets, two at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, multi-policy, and homeowner. Rate information does not factor in vehicle garaging location which can change rates greatly.

Premium data assumes single male driver age 50, no speeding tickets, two at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, multi-vehicle, and homeowner. Rate information does not factor in specific Florida garaging location which can change rates greatly.

The diagram below illustrates how your choice of deductibles can change annual premium costs when quoting cheap insurance for drivers with accidents. The premiums assume a single male driver, comprehensive and collision coverage, and no additional discounts are factored in.

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A 30-year-old driver could lower their policy premium by $522 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $786 by choosing a $1,000 deductible. Even younger drivers, such as the Age 20 example, have the ability to save up to $1,550 every year just by choosing higher deductibles when buying full coverage.

If you do make the decision to raise your deductibles, it will now be necessary to have enough savings to enable you to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

Liability only or full coverage

Finding the cheapest auto insurance for drivers with accidents in Florida should be important to the majority of vehicle owners, and a good way to find cheaper insurance is to not buy comprehensive and collision coverage. The diagram below visualizes the comparison of insurance prices when comparing full coverage to liability only. The prices are based on no accidents, no driving violations, $250 deductibles, single status, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $250 Deductibles’, ‘Liability Only’],[‘Age 20’, 3727,1259],[‘Age 30’, 1957,691],[‘Age 40’, 1927,641],[‘Age 50’, 1749,599],[‘Age 60’, 1695,589],[‘Age 70’, 2061,787]]);var options = {title: ‘Full Coverage Versus Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Florida’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

If all age groups are averaged, full coverage on your policy costs an additional $2,186 per year over having just liability coverage. A very common question is when is it a good idea to stop buying full coverage. There isn’t a written rule to stop paying for full coverage on your policy, but there is a guideline you can consider. If the yearly cost of full coverage is more than 10% of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.

There are a few cases where eliminating full coverage is not in your best interest. If you have an outstanding loan on your vehicle, you have to carry full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should keep full coverage in place.

Does Allstate, Progressive, Geico, or State Farm have the cheapest car insurance?

When comparing car insurance, the most popular companies are Allstate, Progressive, Geico, and State Farm. If you put them all together, they insure nearly half of the entire U.S. auto insurance market. The data below ranks some of the different features that are available from each company.