Are you tired of trying to find cheaper car insurance rates in Naples, FL? Naples buyers have options when searching for the lowest priced car insurance. You can either spend your time driving around trying to get quotes or leverage the internet to find the lowest rates. There are both good and bad ways to buy car insurance so we're going to tell you the absolute fastest way to compare rates for your and get the lowest possible price either online or from Naples insurance agents.
You should make it a habit to quote other rates before your policy renews due to the fact that insurance prices trend upward over time. Even if you think you had the best price on car insurance two years ago you can probably find a better rate now. There is too much inaccurate information about car insurance online but you can learn a bunch of ideas how to lower your car insurance bill.
Buying the cheapest insurance in Naples is much easier if you have a good place to start. If you currently have a car insurance policy, you will be able to reduce premiums using these methods. Consumers just have to understand the most efficient way to quote multiple rates online.
Best companies for competitive rates in Florida
The companies shown below offer quotes in Florida. If you wish to find cheap car insurance in Florida, it's a good idea that you visit as many as you can to find the lowest car insurance rates.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Impala LTZ||$1,340||$670||$112|
|Chevrolet Malibu LTZ||$1,190||$595||$99|
|Chevrolet Silverado LT Regular Cab 2WD||$1,336||$668||$111|
|Dodge Ram Quad Cab Laramie 4WD||$1,314||$657||$110|
|Ford Escape XLT 4WD||$1,072||$536||$89|
|Ford F-150 Lariat Crew Cab Platinum 2WD||$1,778||$889||$148|
|Ford Focus SES 4-Dr Sedan||$1,186||$593||$99|
|GMC Sierra SLE Crew Cab 2WD||$1,100||$550||$92|
|Honda Accord EX-L 2-Dr Coupe||$1,612||$806||$134|
|Honda CR-V EX-L 4WD||$954||$477||$80|
|Honda Civic LX 4-Dr Sedan||$1,186||$593||$99|
|Nissan Altima 3.5 SR 4-Dr Sedan||$1,184||$592||$99|
|Toyota Camry LE||$1,480||$740||$123|
|Toyota Corolla S||$1,340||$670||$112|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$1,436||$718||$120|
|Get Your Own Custom Quote Go|
Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Information does not factor in specific location information which can alter coverage prices greatly.
Rate increases following a ticket or accident
The illustration below shows how speeding tickets and at-fault claims drive up GMC Acadia car insurance rates for different age groups of insureds. Data assumes a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied.
GMC Acadia rates are for example purposes only. To get rates for your specific vehicle, click here.
Rate comparison of full coverage and liability-only
The diagram below shows the comparison of Ford F-150 premium costs with and without full coverage. The rate quotes are based on a clean driving record, no at-fault accidents, $1,000 deductibles, single female driver, and no policy discounts are applied.
Ford F-150 rates are for example purposes only. To get rates for your specific vehicle, click here.
Are you wasting money on full coverage?
There is no definitive formula to exclude physical damage coverage, but there is a general convention. If the annual cost of having full coverage is more than about 10% of the vehicle's replacement cost less your deductible, then you might want to consider buying only liability coverage.
For example, let's pretend your Ford F-150 replacement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company will settle for is $3,000 after paying the physical damage deductible. If you are paying more than $300 annually for comprehensive and collision coverage, then it might be time to buy liability only.
There are some circumstances where buying only liability insurance is not advised. If you still owe money on your vehicle, you have to keep full coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.
Insurance discounts help lower rates
Some companies do not list every possible discount very well, so the following is a list of both the well known as well as some of the hidden credits that you can use to lower your rates.
- Good Grades Discount - Being a good student can be rewarded with saving of up to 25%. Many companies even apply the discount to college students well after school through age 25.
- Student Discount for Driver Training - Have your child take driver's ed class as it will make them better drivers and lower rates.
- Savings for New Vehicles - Buying insurance on a new vehicle can save you some money because newer vehicles keep occupants safer.
- First Accident Forgiveness - This one isn't a discount, but a handful of insurance companies allow you one accident without getting socked with a rate hike as long as you don't have any claims for a set time period.
- Auto/Life Discount - Not every insurance company offers life insurance, but if they do you may earn a lower insurance rate if you buy a life insurance policy as well.
- No Claim Discounts - Drivers who don't have accidents get the best insurance rates in comparison to insureds who have frequent claims or accidents.
- Active Service Discounts - Being deployed in the military could mean lower prices.
- Theft Prevention Discount - Vehicles that have factory alarm systems and tracking devices help deter theft and qualify for as much as a 10% discount.
- Multi-car Discount - Having all your vehicles with the same company can get a discount for every vehicle.
As a disclaimer on discounts, most discount credits are not given to the whole policy. Some only apply to individual premiums such as collision or personal injury protection. If you do the math and it seems like all the discounts add up to a free policy, it just doesn't work that way.
To see insurers that offer some of these discounts in Naples, click this link.
Truth in insurance advertising
Consumers can't get away from all the ads that claim the best premium rates by 21st Century, Allstate and State Farm. They all advertise the message that you can save after switching to them.
How does each company give you a lower rate on insurance? Here is how they do it.
Insurance companies have specific characteristics for the type of customer that will most likely be profitable. A good example of this type of insured may need to be over the age of 40, has a clear driving record, and has a high credit rating. Anyone who matches that profile may get the lowest car insurance rates in Naples and will most likely cut their rates substantially.
Insureds who don't qualify for this ideal profile will probably have to pay a more expensive rate and the driver buying from a lower-cost company. The ad wording is "drivers that switch" not "everyone that quotes" will save that much if they switch. That's why companies can make the claims of big savings. Different companies use different criteria so you need to get Naples car insurance quotes from several different companies. It is impossible to guess the company that will have the best premium rates for your profile.
Car insurance coverage options
Learning about specific coverages of your policy aids in choosing appropriate coverage for your vehicles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.
Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things like damage from getting keyed, hitting a deer, hitting a bird and damage from flooding. The maximum amount your car insurance company will pay is the ACV or actual cash value, so if the vehicle's value is low consider dropping full coverage.
Med pay and Personal Injury Protection (PIP)
Med pay and PIP coverage provide coverage for short-term medical expenses such as rehabilitation expenses, EMT expenses, chiropractic care and ambulance fees. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is only offered in select states and may carry a deductible
Uninsured/Underinsured Motorist (UM/UIM)
This gives you protection from other drivers when they either have no liability insurance or not enough. Covered losses include injuries to you and your family and damage to your vehicle.
Because many people have only the minimum liability required by law (10/20/10 in Florida), their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.
This can cover damages or injuries you inflict on people or other property. It protects YOU from claims by other people, and does not provide coverage for your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 10/20/10 that translate to $10,000 bodily injury coverage, a per accident bodily injury limit of $20,000, and a total limit of $10,000 for damage to vehicles and property.
Liability coverage pays for things like funeral expenses, repair bills for other people's vehicles, court costs, medical expenses and legal defense fees. The amount of liability coverage you purchase is your choice, but buy as much as you can afford. Florida state minimum liability requirements are 10/20/10 but drivers should carry better liability coverage.
Collision insurance will pay to fix damage to your vehicle resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for things such as driving through your garage door, backing into a parked car and damaging your car on a curb. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to bump up the deductible to bring the cost down.
Cheap insurance is out there
We covered a lot of information how to reduce insurance rates online in Naples. The key concept to understand is the more companies you get car insurance rates for, the better likelihood of getting the cheapest Naples car insurance quotes. Consumers may even find the lowest rates are with a small mutual company.
As you prepare to switch companies, you should never reduce needed coverages to save money. There have been many cases where drivers have reduced uninsured motorist or liability limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your goal should be to buy enough coverage at the best possible price but still have enough coverage for asset protection.
More affordable insurance in Naples can be sourced both online in addition to local insurance agencies, so you should be comparing quotes from both to get a complete price analysis. Some insurance companies may not offer online price quotes and these smaller companies only sell through independent insurance agents.
- What are my Rights when Filing a Claim? (Insurance Information Institute)
- What is the Cheapest Car Insurance in Tampa, Florida? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for High Risk Drivers in Florida? (FAQ)
- Who Has the Cheapest Florida Auto Insurance for Drivers Over Age 50? (FAQ)
- Who Has Cheap Auto Insurance for Homeowners in Florida? (FAQ)
- What Car Insurance is Cheapest for 4x4 Vehicles in Florida? (FAQ)
- What Insurance is Cheapest for Infrequent Drivers in Florida? (FAQ)
- Older Driver Statistics (Insurance Information Institute)
- Distracted Driving Extends Beyond Texting (State Farm)
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)
- Cellphones, Texting and Driving (iihs.org)