Chelsey Tucker graduated with a Bachelor of History degree from Metropolitan State University in 2019. She now writes about insurance with her specialty being life insurance and has been quoted on Help Smart Phone and MEL Magazine.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com.

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Mar 19, 2020

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How Much is Auto Insurance in FloridaFlorida residents are required to carry auto insurance to drive their vehicles on public roadways. While financial responsibility laws are state mandated, more than 1 in 7 drivers on the road today are driving with no insurance.

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If you are new to the state of Florida, or you simply want to know how much you should expect to pay for your insurance, you have come to the right place. Read this guide on how much Florida auto insurance costs on average and how you can save money off of your premiums.

The Average Cost of Florida Auto Insurance Throughout the State

Statistics from the National Association of Insurance Commissioners (NAIC), the average cost of an annual premium for Florida auto insurance is $1,088.This is a statewide average and the costs can very significantly from city to city. Popular tourist destinations like Miami have much higher averages because there is a higher risk of accidents.

If you consider that the average cost of insurance in the nation is approximately $795, you can see that insurance rates in Florida are much higher than the national standard.

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Factors That Make Auto Insurance Rates Higher in Florida

Just because you are a good driver does not mean you are going to pay extremely low rates. When you pay your auto insurance premiums, those funds are mixed into a pool of money that is used to pay claims. Insurance underwriters, who are professionals that calculate rates, are paid to use algorithms and data to calculate how much risk you present to the company based on where you live, how you drive, and what type of vehicle you own.

How Much is My Auto Insurance in Florida Going to Cost

Are you ready to find cheap Florida auto insurance rates? Of course you are! No one wants just the average FL insurance rates – enter your zip to see how much money you might be able to save!

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While your driving record does affect your premiums, there are factors that are beyond your control that will affect your premiums as well. These factors include:

  • Number of claims filed
  • The number of high risk drivers in the state
  • Number of auto thefts reported

One of the main reasons why rates throughout Florida are very high is because of the number of claims that are filed on an annual basis. According to a report released by the Florida Department of Highway Safety and Motor Vehicles in 2010, there were approximately 235,460 traffic accidents reported throughout the state. With more than 15.5 million drivers in the state, these statistics are extremely high compared to the ratio that is reported in other states.

The fact that more than 640 crashes happen a day in the state of Florida means that insurers must recoup the losses with higher premiums.

In addition to a high rate of claims, there is a high rate of risky drivers in the state of Florida. Florida is what is called a snowbird state. This means that The Average Cost of Auto Insurance in Floridaretired individuals escape the cold northern states and move to Florida during the winter months. These retired individuals are considered to be high-risk drivers. When there are more high-risk drivers in a state, it affects the premiums throughout the state.

The last rating factor that you cannot control is the rate of theft that occurs throughout the state. According to the Florida Crime Index, there are approximately 605 auto thefts are reported for every 100,000 residents in the state of Florida.  In areas like Miami, where cars are much more valuable on average, theft statistics are much higher. Even though you cannot control the thefts in the area, the insurance company must collect higher premiums from each of their customers to compensate for the claims they are paying out-of-pocket when thefts are reported.

Personal Factors That Can Affect Your Florida Premiums

There are also several different personal factors that can affect your premiums. While you do have control over some of the factors, there are some you will not have control over. It is still important to understand how your driving record, your age, and the value of your vehicle can affect your premiums. Here are some of the most important factors insurance underwriters will consider when they are reviewing your personal information to calculate your premiums.

Driving Experience

Insurance companies in the state of Florida will use the number of years you have been driving to either discount or increase the premiums you pay. You might be wondering why it matters if you have been driving for 5 years or 15 years? The answer to this question is based on statistics.

Insurance companies have run hundreds of different statistics and have found that individuals who have been driving for 9 years or more are better drivers than those with only a few years of driving experience.

When you have 9 to 30 years of driving experience, you will receive lower rates. Once you are considered a senior, you are once again considered a high-risk driver.

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The Type of Vehicle You Drive

You might think that if you have an inexpensive vehicle you will pay lower rates on your auto insurance premiums. While some inexpensive vehicles are associated with lower premiums, the value of your car is not used to determine the cost of your premiums.

What is the Average Cost of Auto Insurance in Florida

Each car is assigned to an insurance rating group. This means that statistics are gathered on each vehicle make and model and these statistics are used to determine how often the make is involved in accidents, how much the vehicle costs to repair, and how much damage the vehicle does on average. This is why it is important to request quotes on vehicles before you buy so that you can see how they are rated.

How Often You Drive

Vehicle usage and annual mileage are rating factors that is used to rate the policyholder based on how much they drive on a regular basis. Obviously, if you drive your vehicle more often than your neighbor, your chances of getting involved in an accident are higher. The purpose of your drive is also important. Here is a break down of different ratings that may affect your premiums:

  • How Much is Your Auto Insurance in Florida

    Vehicle usage comes in three different categories: pleasure, commute, and business.

  • Pleasure: When you drive for personal reasons or pleasure. This rating is the lowest of the three.
  • Commute: When you drive to and from work or school. This rating is the most common.
  • Business: When you drive to multiple locations for business. This is the most expensive rating category.

Annual mileage is based on the average in the state. Generally, rating bands for Florida auto insurance companies are as follows:

  • Below Average: Between 3000 and 5000 miles annually. This is the lowest rating band and comes with a low usage discount on most policies.
  • Average: The average mileage in the state is 12,000. The standard rating for insurance companies is between 5000 and 12000 miles.
  • Above Average: If you drive more than 12,000 to 15,000 miles per year, you may be charged extra premiums because you are posing more risk to the company.

Garaging Territory

A garaging territory is defined as the location where your vehicle is parked on a regular basis. Some individuals park where they live and others store their vehicle elsewhere.

The zip code where your vehicle is parked can affect your premiums.

The rates that are used in each zip code depend on how many claims are reported in that zip code. If you live right on the border of one zip code, it may be frustrating to pay higher rates because there are more thefts reported in your zip code than your neighboring zip code. Unfortunately, the only way to change this is to move.

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Ways to Save Money on Premiums

Now that you understand what factors will affect your premiums, it is important to research how you can save money on your policy. Here are some of the most popular discounts that are available in the state of Florida:

  • Save on Auto Insurance in FloridaAnti-Lock Brake Discount
  • Anti-Theft Device Discount
  • Defensive Driver Discount for drivers 55 or older who complete an approved program
  • Good Driver Discount for drivers with no tickets or accidents in the last 3 years
  • Good Student Discount for full-time students up to the age of 25
  • Multi-Car Discount
  • Multi-Line Discount
  • Safe Driver Discount for drivers under 25 who complete an approved program

As you can see, several different factors come into play when your insurance company is calculating your insurance premiums. Make sure you understand these factors, know what to look for when requesting quotes, and try to save as much money as possible by taking advantage of discounts you may qualify for. By knowing the information above, you will understand why your insurance premiums differ so much from your those of others.

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