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Car Insurance Rates In Southwest Florida Are Increasing, Here’s What You Can Do

Florida Insider has reported that Florida residents are now paying the highest rates for insurance in the country. The article reports, “The Sunshine State’s average premium in 2021 was just above $2,400, which was nearly 60 percent higher than the national average.” Auto insurance in the state of Florida is so high because of two key factors. The first is the number of drivers on the road at any given time. The second is the rate of accidents. These increases have been significant, with some people experiencing a full 100% increase on their monthly premium. This has many people thinking of reducing their coverage to offset the costs. We advise against this strategy.

Why You Need Good Auto Insurance Coverage

Our team at Justice Pays has resolved over 10,000 accident injury cases in Southwest Florida. In that time we have learned how important a good insurance policy is to protect your future. This is really important because the state of Florida also ranks number 6 in the nation for the most uninsured drivers. In fact, over 20% of drivers in Florida carry no insurance regardless of the law. As a result, in many accident cases, drivers only have their personal insurance available to cover the damages. Sadly, in those cases, the accident victim often has to foot the bill. Even in cases that work out for the victim, they are also usually more legally challenging and take longer to get a full and fair settlement. It’s truly a tragic thing, but a good insurance policy can protect you against this situation.

Smart Ways To Bring Your Policy Costs Low And Keep Your Coverage High

To help you maintain a good insurance policy, but also keep your premium costs down with rising rates, here are some ways to bring those costs down:

Take Advantage Of Bundling Discounts: When you bundle your home, auto, and life insurance with one provider, your premiums are lowered. This is because of two primary reasons. First, you will get a loyalty discount for bringing all your business to them. The second is that they can spread your risk across the three policies. Less risk for them means lower premiums for you.

Be A Safe Driver: We can’t always avoid accidents, but we can avoid breaking the law. The cleaner your traffic record, the less you are a risk for insurance companies. Thus you will save on premiums. You can also offset a bad driving record by taking a defensive driving class.

Invest In A Safe Vehicle: Vehicle manufacturers now offer really technologically advanced safety features. Features like stability control, blind spot sensors, and pre-collision automation can all reduce your risk and thus reduce your premiums. The same goes for installing anti-theft devices. Some insurance providers also offer discounts for hybrid, electric, and alternative fuel vehicles.

Improve Your Credit Rating: When actuaries calculate your risk level, one of the things they look at is your credit rating. If you have a low credit rating, they consider you a higher risk. Bringing those scores up can lead to savings.

Look For Other Discounts: Insurance companies offer all kinds of discounts. Veterans, students, and more can receive discounts. The best way to see what discounts you qualify for is to ask your insurance agent what discount programs they have available.

Review Your Coverage: Take some time to really go through your coverage line by line. You may find that you may not actually need some of the coverages you have like roadside assistance or rental car insurance.

Shop Around: Another way to bring your insurance rates down is to shop around with different providers. You don’t necessarily want to just go with the cheapest provider. However, you may find you can save more with a comparably reputable insurance company.

Increase Your Deductible: Reducing your deductible is always the most favorable choice because it means that you will have to come up with more money if something happens. However, it is significantly better than reducing your coverages if you are in an accident.

As you can see, there are several ways you can save money on car insurance without reducing your coverage.

The team at Justice Pays, Goldman, Babboni, Fernandez, and Walsh is always here to help no matter your insurance coverage. Though we always advise having the best policy you can afford, we also understand that isn’t always possible. In either case, if you’re in an auto accident, we’ve got your back.

Attorney David Goldman has a strong belief that everyone should be treated fairly and those with the means should do what they can to bring justice in all areas of our society. That belief has led him to help Florida's injured from being taken advantage of by corporations and insurance companies. Since 1989 David Goldman has been fighting for the rights of Floridians both as an attorney and by personally supporting our community.

Car Insurance Rates In Southwest Florida Are Increasing, Here’s What You Can Do

Goldman Babboni Fernandez
Murphy & Walsh

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