I can't think of a single person who loves paying for auto insurance, especially when they know they could get a better deal.
Unfortunately, 70% of consumers kept their policy with the same company for a minimum of four years, and nearly 40% of drivers have never compared quotes from other companies. U.S. drivers can save hundreds of dollars each year just by shopping around, but most just don't grasp the actual amount they would save if they changed companies. You have so many insurance companies to purchase coverage from, and even though it's nice to have a selection, it can be more challenging to find the best rates for your vehicles.
It's smart to price shop coverage once or twice a year because auto insurance prices are rarely the same from one policy term to another. Even if you think you had the lowest quotes on auto insurance last year you can probably find a lower rate today. Forget anything you know (or think you know) about auto insurance because you're going to learn the best way to save on auto insurance.
Locating the lowest-priced policy in Winter Haven is not that difficult. If you have insurance now or just want to reduce your rates, use these money-saving tips to reduce the price you pay without reducing coverage. Smart shoppers just need to learn the proper way to buy car insurance online.
The companies shown below are ready to provide free rate quotes in Florida. If you want to find the best cheap auto insurance in Florida, we suggest you get rates from several of them in order to find the lowest rates.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Malibu LT||$1,416||$708||$118|
|Chevrolet Silverado LT Crew Cab 4WD||$1,570||$785||$131|
|Dodge Ram Quad Cab ST 2WD||$1,250||$625||$104|
|Ford Escape XLT 4WD||$1,290||$645||$108|
|Ford Explorer Eddie Bauer 2WD||$938||$469||$78|
|Ford F-150 XL Crew Cab 2WD||$1,238||$619||$103|
|Ford Focus SES 2-Dr Coupe||$1,478||$739||$123|
|Honda Accord EX-L 2-Dr Coupe||$1,258||$629||$105|
|Honda CR-V EX-L 4WD||$1,202||$601||$100|
|Honda Civic GX 4-Dr Sedan||$1,072||$536||$89|
|Honda Odyssey EX-L W/Rear Entertainment||$1,520||$760||$127|
|Hyundai Sonata SE 4-Dr Sedan||$1,630||$815||$136|
|Nissan Altima 2.5 S 2-Dr Coupe||$1,110||$555||$93|
|Nissan Rogue S 2WD||$1,406||$703||$117|
|Toyota Camry XLE||$1,186||$593||$99|
|Toyota Corolla XLE||$1,528||$764||$127|
|Get Your Own Custom Quote Go|
Prices above based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Price estimates do not factor in your specific Winter Haven location which can revise prices substantially.
Annual premiums for males compared to females
The illustration below shows the comparison of car insurance rates for male and female drivers in Winter Haven. The prices are based on no accidents or driving violations, comp and collision included, $500 deductibles, marital status is single, and no other discounts are factored in on a Ford Focus S.
Ford Focus rates are for example purposes only. To get rate quotes for your specific vehicle, click here.
Do you need full coverage?
The example below shows the comparison of Ford F-150 insurance costs with full physical damage coverage compared to only buying liability only. The premiums assume no tickets, no at-fault accidents, $250 deductibles, single male 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.
Guidelines for dropping full coverage
There is no set guideline to stop paying for full coverage on your policy, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.
For example, let's assume your Ford F-150 replacement cost is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $5,000 after the deductible is paid. If premiums are more than $500 a year for your policy with full coverage, then it might be time to buy liability only.
There are a few situations where eliminating full coverage is not advised. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if you don't have enough money to buy a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.
Illustration showing the impact of accidents and violations
The chart below demonstrates how citations and fender-benders can impact Honda Pilot car insurance costs for each age group. The costs are based on a single female driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.
Honda Pilot rates are for example purposes only. To get rates for your specific vehicle, click here.
Why you need auto insurance
Despite the potentially high cost of auto insurance, insurance is required in Florida but also provides important benefits.
First, the majority of states have minimum mandated liability insurance limits which means the state requires specific limits of liability insurance in order to license the vehicle. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you have a lien on your vehicle, almost all lenders will make it mandatory that you have comprehensive coverage to ensure the loan is repaid in case of a total loss. If you cancel or allow the policy to lapse, the bank will be required to insure your vehicle for a much higher rate and make you pay the higher price.
Third, insurance protects not only your vehicle but also your assets. Insurance will pay for most medical and hospital costs for both you and anyone you injure as the result of an accident. One policy coverage, liability insurance, also pays for attorney fees and expenses if you are sued as the result of your driving. If damage is caused by hail or an accident, comprehensive and/or collision insurance will pay to repair the damage.
The benefits of insuring your vehicle more than offset the price you pay, especially for larger claims. But the average American driver overpays more than $800 each year so it's recommended you shop around each time the policy renews to save money.
Seven factors that affect insurance prices
Many things are considered when pricing auto insurance. Some factors are common sense such as your driving record, but others are more obscure like where you live or how safe your car is. Consumers need to have an understanding of some of the factors that go into determining your premiums. When consumers understand what determines premiums, this enables informed choices that could help you find big savings.
Shown below are a few of the "ingredients" used by companies to determine prices.
Stressful employer may mean higher premiums - Careers like military personnel, executives and emergency personnel generally have higher premiums than the average policyholder in part from intense work situations and extremely grueling work hours. On the other hand, professions such as professors, students and retirees receive lower rates.
Put fewer miles on your vehicle - Driving a lot of miles every year the more it will cost to insure it. The majority of insurers rate vehicles determined by how the vehicle is used. Autos that have low annual miles receive better premium rates than vehicles that are driven to work every day. It's a smart idea to ensure your auto insurance policy states the correct driver usage.
Premiums are lower the older you get - Youthful drivers in Florida have been known to be more careless when behind the wheel and because of this, their auto insurance rates are much higher. If you've ever had to add a youthful driver onto your auto insurance can cause a big jump in price. Older, more experienced drivers are more responsible, statistically cause fewer accidents, and usually have better credit.
What are good liability insurance limits? - Liability coverage will protect you in the event that you are responsible for an accident. This coverage provides legal defense to attempt to prove you were not liable. Liability insurance is quite affordable when compared with rates for comp and collision, so buy as much as you can afford.
Rates impacted by your city - Living in less populated areas of the country is a positive aspect if you are looking for the lowest rates. Urban drivers regularly have more aggressive driving styles and much longer commute distances. Less people translates into fewer accidents in addition to fewer liability claims.
Policy add-ons add up - Insurance companies have many additional coverages that can waste your money if you aren't careful. Insurance for things like vanishing deductibles, towing coverage, and term life insurance may be costing you every month. You may think they are a good idea at first, but now you might not need them so eliminate the coverages to reduce your premium.
Decrease premiums by maintaining coverage - Having a gap between insurance policy dates can be a quick way to drive up your policy premiums. Not only will rates go up, being ticketed for driving with no insurance may result in a steep fine or even jail time.
Do you qualify for discounts?
Car insurance companies do not list the complete list of policy discounts very clearly, so here is a list a few of the more common and also the lesser-known discounts that you can inquire about if you buy Winter Haven car insurance online.
- Telematics Data - Policyholders that allow data collection to look at where and when they drive by using a telematics device such as Drivewise from Allstate or Snapshot from Progressive could see a rate decrease as long as the data is positive.
- Discounts for Good Drivers - Drivers who avoid accidents can save up to 40% or more on their Winter Haven car insurance quote than less cautious drivers.
- Discount for Good Grades - This discount can earn a discount of 20% or more. You can use this discount normally up to age 25.
- Seat Belt Discounts - Using a seat belt and requiring all passengers to buckle their seat belts can save up to 15% off the PIP or medical payment premium.
- Distant Student - Youth drivers who live away from home at college and do not take a car to college may be able to be covered for less.
- Air Bag Discount - Vehicles equipped with air bags or motorized seat belts may get savings of 20% or more.
- Pay Now and Pay Less - By paying your entire bill at once instead of paying each month you can actually save on your bill.
- Club Memberships - Belonging to a civic or occupational organization in Winter Haven can get you a small discount when shopping for insurance.
- Own a Home - Simply owning a home may earn you a small savings because it is proof that your finances are in order.
One thing to note about discounts is that most discount credits are not given to all coverage premiums. Most only apply to specific coverage prices like physical damage coverage or medical payments. So even though you would think you can get free auto insurance, companies wouldn't make money that way.
Some of the larger companies that have these discounts possibly include:
Before buying, ask each insurance company what discounts are available to you. Some credits may not apply everywhere.
Will just any policy work for me?
When it comes to coverage for your personal vehicles, there isn't really a cookie cutter policy. Every situation is different and a cookie cutter policy won't apply. These are some specific questions may help highlight if you would benefit from an agent's advice.
- Can my teen drive my company car?
- Who is covered by my policy?
- Can I make deliveries for my home business?
- When can my company non-renew my policy?
- Do I have coverage if my license is suspended?
- I don't drive much so do I pay less?
- Does my personal policy cover me when driving out-of-state?
If you're not sure about those questions but you think they might apply to your situation, you may need to chat with an insurance agent. If you don't have a local agent, complete this form or go to this page to view a list of companies. It is quick, free and you can get the answers you need.
You may want advice from an insurance agent
A small number of people would prefer to buy from a licensed agent and often times that is recommended Licensed agents can help you build your policy and give you someone to call. A good thing about comparing rate quotes online is that drivers can save money and get better rates and also buy local. Buying from and supporting local agents is especially important in Winter Haven.
Upon completion of this simple form, the coverage information gets sent to companies in Winter Haven that can provide free Winter Haven car insurance quotes for your business. You won't even need to contact any agents since price quotes are sent directly to your email. If for some reason you want to get a comparison quote from a specific auto insurance provider, feel free to visit that company's website and fill out their quote form.
Types of car insurance agents
If you want to use an insurance agent, you must know there are a couple different types of agencies that differ in how they can insure your vehicles. Agents are classified as either independent (non-exclusive) or exclusive. Both types can write auto insurance policies, but it's good to learn the subtle differences since it can affect the type of agent you choose.
Independent Auto Insurance Agencies or Brokers
Independent insurance agents are normally appointed by many insurers so they can insure your vehicles amongst many companies and get the cheapest rates. To transfer your coverage to a different company, they can switch companies in-house and you won't have to switch agencies.
When comparing rate quotes, you absolutely need to compare prices from independent agents so that you have a good selection of quotes to compare.
Exclusive Insurance Agents
Exclusive insurance agents work for only one company and examples are Farmers Insurance, American Family, State Farm and Allstate. These agents are unable to provide other company's prices so if the price isn't competitive there isn't much they can do. Exclusive agencies are trained well on their products and sales techniques which helps them sell on service rather than price.
Picking an auto insurance agent is decision based upon more than just the bottom line cost. Before buying a policy in Winter Haven, get answers to these questions.
- Is the agency active in community causes in Winter Haven?
- How experiences are they in personal risk management?
- When do they do policy reviews?
- Do they have any clout with companies to ensure a fair claim settlement?
- If they are an independent agency in Winter Haven, which companies do they recommend?
- Do they prorate repair cost based on vehicle mileage?
- How much can you save by raising your physical damage deductibles?
Upon receiving good answers for all questions you ask and an acceptable price quote, you've probably found an insurance agency that meets your needs to properly insure your vehicles. Just understand that you can terminate your policy for any reason so don't think that you are permanently stuck with any particular company with no way to switch.
Smart shoppers get results
As you shop your coverage around, never buy poor coverage just to save money. There are a lot of situations where consumers will sacrifice full coverage only to discover later that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to buy the best coverage you can find for the lowest price while still protecting your assets.
Cost effective insurance can be bought from both online companies and with local Winter Haven insurance agents, and you should be comparing both to get a complete price analysis. Some insurance companies may not offer price quotes online and these small, regional companies prefer to sell through local independent agents.
For more information, link through to the following helpful articles:
- Distracted Driving Extends Beyond Texting (State Farm)
- Who Has Cheap Florida Car Insurance Quotes for Drivers Under 25? (FAQ)
- Pickups fall short in headlight tests (Insurance Institute for Highway Safety)
- Vehicle Size and Weight FAQ (iihs.org)
- Cellphones, Texting and Driving (iihs.org)
- Credit Impacts Car Insurance Rates (State Farm)