Policy costs are higher in just four states. Florida car insurance is so expensive mainly because of Floridas dense population and large numbers of high-risk drivers.
When comparing car insurance rates in Florida consider uninsured motorist coverage as an add-on.
Is florida car insurance expensive. Here are a few factors that contribute to. Florida car insurance is so expensive because of the high number of factors that increase the cost such as the number of uninsured drivers and the high-risk drivers who live in and visit the state. One big reason why is that Florida has the highest percentage of uninsured drivers in the country at a whopping 27.
At the national level Florida is the third most expensive state for car insurance after Louisiana and Michigan. The most expensive states for average annual auto insurance premiums are Michigan 2611 and Louisiana 2298. Its expensive insurance.
So why is Florida car insurance so expensive. Cheapest for 30-year-old drivers in Florida By the time they reach their 30s most drivers will enjoy cheaper car insurance rates than in their teens and 20s. The average car insurance rate in Florida is 1878 per year 316 more than the US average.
High-risk auto insurance can be expensive but Florida high-risk auto insurance can feel excessive. Auto insurance in Florida is one of the most expensive in the United States. Why is car insurance so expensive in Florida.
Florida is also the second most expensive state to insure a car at average annual premiums of 1101 for minimum coverage and 2364 for full coverage but if. However with a large population and a revolving door of vacationers each year Florida has a. Youre not crazy.
Still factors like a persons driving. In fact Florida regularly ranks as one of the top 5 or top 10 most expensive states in America in which to insure a vehicle. In fact Florida was the 4th most expensive state for car insurance in our national cheap car insurance study.
Auto insurance is expensive in Florida. Its relatively expensive to insure a car in Florida. The only cities in the US.
But auto insurance prices are dictated by factors other than state lines. Expect to pay less if you live in nearby cities such as Day FL. Most expensive The most expensive city for car insurance in Florida is Miami FL.
States it is third in population behind only California and New York. Car insurance in Florida isnt cheap. That cost more for auto insurance is Detroit Michigan and New Orleans Louisiana.
Dense population a large number of uninsured drivers and high-risk drivers in the state are the primary reasons behind the high car insurance cost. You can chalk a lot of it to claims from storm damage and insurance laws that often involve lawyers hashing it out in court all at the expense of the insurance providers. The cheapest city in Florida for car insurance is Mayo FL which is in Lafayette county.
But theres more to it than that. For most Florida drivers the main reason for high rates is the high cost of Personal Injury Protection. 52 rows Auto insurance rates by state changes dramatically based on your ZIP code.
Auto insurance premiums consider a number of components including your driving record credit history gender age and marital status. Auto insurance premium costs in Florida have increased steadily since 2009. Florida consumers pay about 48 percent more per year that the national average.
Why is Florida Car Insurance So Expensive. This creates busy roadways. To make things worse many drivers on Florida roads are high-risk.
On average Florida drivers pay approximately 1650 per year for car insurance. While Florida ranks 22nd in size among the US. In fact the Sunshine State has the third costliest car insurance premiums in the nation.
Auto insurance companies charge higher-than-average rates in many parts of Florida due to the increased likelihood of claims and the states relatively high share of uninsured drivers.