When it comes to choosing the best auto insurance policy, comparing multiple quotes is critical. Every insurance company has a different process for determining your premiums, and getting multiple auto insurance quotes in Florida will ensure you get the best value.
While the thought of getting multiple quotes may be unappealing at first, it can save you money and secure your financial future. Before you start researching policy options, though, it’s a good idea to learn how to read and compare those quotes.
How to Read Auto Insurance Quotes in Florida
The first time you look at an auto insurance quote, it can be a little overwhelming. There’s a lot of information to review, and if you have multiple quotes to read, the information is likely to be displayed differently on each quote.
The highlights to review in your auto insurance quotes are:
- Driver information: Each quote should include information about every driver in your household. This includes their driving history.
- Vehicle information: Every vehicle in your household that is registered in the state of Florida should be listed on your auto insurance quote.
- Coverage types: Review each coverage option on the quote. You want every quote to have the same coverage types.
- Coverage limits: It’s essential that you choose the same coverage limits on each quote to get an accurate comparison.
- Additional features: Though not every insurance company will have the same features, compare what is available with each one and how much the features cost.
- Discounts: Most auto insurance companies offer discounts. Compare what discounts are available as well as how much the discount is (usually a percentage.)
Your quote will list out how much each coverage option costs as a part of your total premium. The type of discount you’re getting may be listed on your quote, but you might have to dig a little deeper to find out how much the discount is.
How to Compare Auto Insurance Quotes in Florida
Before you sit down and do a thorough comparison of auto insurance quotes in Florida, do a quick “first pass” over each quote to make sure everything is accurate.
1. Compare how much each coverage option costs.
Depending on whether you want a no-fault auto insurance policy or a full coverage auto insurance policy, there are several coverage options you want to compare. Compare costs for each of these coverage types:
- Personal injury protection (PIP): Covers up to 80% of your or your passengers’ qualified medical expenses regardless of who is at fault. This is required in Florida.
- Property damage liability (PDL): Covers damage you or an authorized driver may cause to someone else’s property. This is required in Florida.
- Bodily injury liability (BIL): Covers injuries you or another authorized driver cause to someone else.
- Collision: Covers collisions with another vehicle or object, as well as damage as a result of flipping your vehicle.
- Comprehensive: Covers reimbursement for losses due to theft or collisions with something other than a vehicle or object, as well as damage from natural disasters.
- Uninsured/underinsured motorist: Covers reimbursement for any costs you incur as a result of an uninsured or underinsured driver.
Though not all of these coverage types are required by the state, your financing company may require you to carry more auto insurance coverage. Check with them before you get your quotes.
2. Compare deductible options and how they impact your premiums.
If you choose a full coverage auto insurance policy, you will have a choice of deductibles in most cases. Your deductible is how much you will pay for damages to your vehicle if you are at fault in an accident. Your insurance company pays whatever exceeds that deductible amount.
Typically, the higher your deductible, the lower your insurance premiums. This can be a good way to reduce how much you pay each month, but you’ll want to have a financial plan for that higher deductible. If you have financing for your vehicle, your insurance company may have a maximum deductible.
Some insurance companies have a vanishing deductible option. If you have an excellent driving record, your deductible may decrease every policy period that you remain accident-free.
3. Compare additional features and auto insurance discounts.
In addition to coverage for property damage and medical injuries, most insurance companies offer additional services like roadside assistance and rental car coverage. These services usually increase your premiums and may require additional payments per use.
Nearly every auto insurance company offers discounts. These discounts may apply to your entire policy premium, or they may apply to only specific coverage types. The most common discounts include:
- Multipolicy discounts
- Multivehicle discounts
- Safe driving discounts
- Safety feature discounts
- Student discounts
If you can’t find the information you need in your quote, consider contacting an insurance agent or broker to help you understand your discounts.
Tips for Finding the Best Auto Insurance Quotes in Florida
Though it might take a little bit of time, getting multiple auto insurance quotes in Florida is worth the effort. It can save you money and ensure you get the best coverage for you and your family.
You can find the best auto insurance quotes with these three tips:
- See how much you can afford: You want to have enough coverage to pay for the value of your vehicle in the event you are in an accident.
- Start with national companies: Even if you don’t choose them, national companies tend to offer the most coverage options and discounts.
- Work with a broker or agent: An insurance agent or broker can help you get multiple quotes and walk you through each one.
The best auto insurance quotes in Florida will offer the right mix of coverage options with an affordable premium.
How Many Auto Insurance Quotes Do You Need to Compare?
This varies from situation to situation, but it’s a good practice to get at least three quotes. With three quotes, you can see how significant the differences are in the quotes. If you have a quote that is considerably higher than the other two, get a fourth to see how it compares.Looking for help comparing auto insurance quotes in Florida? Talk with the team at Fiorella Insurance Agency to get yours started today.