Florida Auto Insurance The Highest Rates in the Nation?


Believe it or not, while residents of most states have seen decreases in the premiums they’re paying for automobile insurance those in four others have seen recent increases. The state of Florida is one of the states with the highest rates, and while some people may be tempted to look for Florida cities with the lowest auto insurance rates to move to they may find their task is more difficult than they had originally anticipated.

The Average Cost of Car Insurance in Florida

Over the past 10 months, insurance premiums in most states have gone down. Florida, on the other hand, has seen a slight increase, averaging at around .06%. While this increase may seem small, to those looking for Florida cities with the lowest auto insurance rates even a small change in premium can break the budget – especially in today’s economy. The average cost of car insurance for a Florida driver with all required liability coverage, comprehensive, and collision coverage is around $2,100 per year.

The Truth about Florida’s Car Insurance Rates

The cost of car insurance in Florida is astronomically high for a number of reasons. Part of the reason is due to congestion in larger cities and the other part is due to the state required uninsured motorist requirement, an item that is bound to increase the amount you’ll pay for coverage even if you do live in one of the Florida cities with the lowest insurance rates.

Why do you need to carry uninsured motorist coverage in Florida? The simple answer is because there are hundreds upon thousands of uninsured drivers in Florida. Some are uninsured because of the high cost of coverage and others are uninsured because they are illegal immigrants. Either way, having uninsured motorists coverage on your policy will ensure damage to your vehicle is paid for if you are in an accident with an uninsured driver – something every insurance company expects will happen to you at least once.

Does Low Cost Auto Insurance Exist?

You are going to find the search for Florida cities with the lowest insurance rates to be very difficult. Part of the problem is that you can’t obtain a general quote for a specific city without knowing exactly where you are going to live. In the city of Miami, for example, you’ll find that some areas of the city are rated higher than others due to the levels of crime or congestion in the area. Those who live in the center of the city may pay a higher rate than those who live in the suburbs.

Finding low cost auto insurance in Florida is possible, though. By using our site in your search you are guaranteed to find a selection of the best, most affordable companies in the area – no matter what city you end up in.

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