Florida Hits Car Insurance Second Most Expensive State

According to a new Bankrate survey, Florida is the second-most costly state in the US for full coverage of Car Insurance.

According to the analysis, Car Insurance costs in Florida will average around $2,364 per year for full coverage in 2021, compared to the national average of $1,674 per year. This adds up to approximately $700 extra for coverage in Florida.

One approach to save money is to reduce the amount you pay for Car Insurance coverage each year.

According to Michael Barry, Chief Communications Officer of the Insurance Information Institute, you should inquire about savings. A strong credit score, for example, can help you save.

You may also be eligible for a discount for avoiding driving as much during the epidemic.

“If it has dropped below 8,000 if we’re talking 7,000, 7,500 miles a year, you may be entitled to a low mileage discount,” Barry explained.

Your premium will also be reduced if you complete a defensive driving course, which you can do online. There is even a substantial student discount.

“Defensive driving is typically worthwhile since it lasts three years and you’ll often notice a 10% reduction, maybe even more, depending on your insurance,” Barry explained.

According to Barry, practically every major insurance now gives customers the option of utilizing telematics to monitor their driving.

“These sensors can determine the time of day you’re driving and whether you’re a hard-breaker — which is frequently a hint that you’re more likely to get into an accident,” Barry explained.

You should also assess if it’s worthwhile to maintain collision coverage, which covers repairs or replacement expenses up to the cash value of the vehicle.

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