5 Best Florida Car Insurance To Help You Save Money In 2022

Florida car insurance is one of the most expensive in Florida, finding one that will help you save up money is a hard thing. In this article, we will also be discussing the top fivei9 car insurance companies that would help you save up money.

Car insurance in Florida is very expensive, this is also because of the busy road conditions. Similarly, it is due to the high number of auto collisions on the road.

There many ways people can save money in Florida, and students at the University level are not exceptional at all.

5 Best Florida Car Insurance To Help You Save Money In 2022
Best Florida Car Insurance

However, according to the National Association of Insurance Commission (NAIC), Florida was the forth most expensive state in 2022.

READ ALSO:  5 Reasons Why You Need A Business Insurance Coverage

This guide here will give you much education about the best Florida Car Insurance to help you save money.

What Is The Average Cost Of Insurance?

The Florida drivers pays an average of $1,426.46 and also a national annual average of $1,056.55 as of 2018. These numbers include both minimal coverage and full coverage policies.

The NAIC’s breakdown of the average rate of different types of car insurance is also as follows:

  • Liability coverage: $1,009.94
  • Collision coverage: $361.79
  • Comprehensive coverage: $149.26

Factors Affecting Car Insurance

There are also several factors that affect the cost of car insurance, these includes;

  • Age
  • Location
  • Driving history
  • Credit source
  • Marital status
  • Vehicle type and mileage
  • Previous claims
  • Previous car insurance policies
  • Deductible
READ ALSO:  What Is The Difference Between A Loan And A Mortgage?
Best Florida Car Insurance

Cheapest Car Insurance Company

Xorlali.com has however make a list of some of the cheapest insurance companies in Florida with their estimated annual rates.

Car Insurance CompanyAnnual Estimated Rate
Geico$1,565
State Farm$1,873
Progressive$2,393
Travelers$2,471
Mercury$2,826

Cheapest Car Insurance For Young Drivers

Similarly, according to estimated rates, Geico, State Farm and Travelers are also affordable options for young drivers in Florida.

Car Insurance CompanyAnnual Rate Estimate
Geico$2,080
State Farm$2,392
Travelers$2,938
Mercury$3,468
Progressive$3,601

Many people after knowing more about car insurance to help them save enough in Florida, seek for more information to further their education with Scholarship offers.

Source: Xorlai.com

Get real time updates directly on you device, subscribe now.

Leave a comment