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How To Save Money On Your Car Insurance

Florida drivers pay the highest auto insurance premiums in the country. On average, even responsible Florida drivers pay $1,654 per year which is 25% than other Americas. Auto insurance rates keep rising in Florida as well, averaging a 5% increase every year. These high prices become very costly for Florida drivers, so we’ve put together a list of different ways that you can reduce the cost of your insurance.

Take Advantage Of Discounts

There are several discounts that drivers can take advantage of to lower their car insurance rates. These discounts are offered to drivers that have lower risk factors which costs insurance companies less. Some of the most common discounts include:

  • Safe Driving Discount: Safe driving discounts are offered to drivers that have clean driver’s records free of traffic violation, convictions, and accidents. Some safe driver discounts can save a driver up to 15% on their insurance.
  • Low Mileage Discount: Low mileage discount is great for people who drive their car infrequently, because they are on the road less often so they have less risk. This is great for people who have short commutes or who are retired. On average, drivers can save up to 20% with a low mileage discount.
  • Car Safety Features Discount: Car safety features discounts are discounts given on cars that have advanced safety features like anti-lock braking systems, airbags, traction control, and electronic stability control. These safety features reduce the risk of accident and injury, so they are a more ideal risk for insurance companies. The average savings of the car safety features discount is around 10%. So keep these features in mind when shopping for a new car and if you already have them, make sure your insurance company knows.
  • Defensive Drivers Discount: Defensive drivers discounts are given to drivers who have completed drivers training courses. This discount is great for new drivers or drivers with an accident history. Taking a defensive drivers course can reduce your insurance premium from 5-10% annually. Defensive driver courses are inexpensive, so you should talk to your insurance company and see if taking one will save you money.

Save Money How You Purchase Your Insurance

Besides taking advantage of auto insurance discounts, there are a couple of tricks you can do to save money when you purchase your auto insurance. Here are some easy ways to save money:

  • Compare Rates: Comparing rates is easier than ever. Most companies offer rate comparison online. When you compare rates you can find the most affordable plan available in your area.
  • Buy All Your Insurance From One Company: If you use the same company for your home, health, and auto insurance, you will get a loyalty discount. So when you look for car insurance start by speaking to your current insurance provider to see if they can offer a bundling discount.
  • Credit History: Many car insurance companies consider your credit rating when estimating your premium. If you have a higher credit score, you are likely to pay less because it is a measure of responsibility. So before shopping for car insurance check your credit score and clear up any issues.
  • Pay Your Premium In Full: Paying your premium in full annually reduces the amount of work your insurance company had to do, so they will pass those savings onto you.
  • Go Paperless: Sign up for paperless billing and direct payments. These reduce physical and administrative costs to the insurance company, so they often offer a discount if you go paperless.

The best way though to save money on your car insurance is to practice safe, defensive driving. The reason insurance rates are so high in Florida is because has the most accidents of any state in the country and is thus one of the most risky places to drive. So if you take these tips and always drive carefully and you will save a lot of money on your auto insurance.

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.

How To Save Money On Your Car Insurance

Goldman Babboni Fernandez
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