The combination of visitors and tourists to the Sunshine State along with the number of retired drivers on the road have made Florida auto insurance become more costly every year. Some residents struggle to keep up. What can you do to make sure you have enough coverage in case you need it? The following are some discounts that may help you make ends meet.
Multiple car discounts will give you a good head start to lower rates. If you have more than one vehicle in the household, having them all insured by the same company will get you a lower overall rate.
Some companies will give you discounts if you tie in your other insurance needs with your car insurance. Taking out renter’s insurance, homeowner’s coverage or even life insurance with the same carrier can cut your costs without sacrificing your coverage.
Check around for insurance companies that may offer lower rates for newer vehicles. You may think that a newer car that has a higher price tag may cost more to insure but sometimes these vehicles have more advanced safety features that protect them from theft and or accidents. Things like anti-lock brakes and built in alarm systems can go a long way in saving you money on your car insurance.
Safe driving discounts may apply through some major insurance carriers. If you haven’t had an accident in the required number of years, you will receive special lower rates.
And if your are 50 years of age or older, you can take an online Mature Driver course that will give you a mandatory reduction of 10 percent a year for three years. Savings from taking this course has averaged about $300 over the three-year period. You can take the test as many times until you pass.
Some insurance carriers reward you with a discount if you have been insured by them without placing any claims over a three-year period.
Try to keep your credit history in good shape, as this is one of the key factors in determining your rate in the first place. If you monitor your credit reports, make sure to notify your insurance company if your credit score has increased within the last six months.
Also, make sure you never have a lapse in your insurance coverage because you forgot to send in your payment. Set up installment payments from the beginning so that doesn’t happen to you. The payments can be broken down into easy monthly amounts and the couple of dollars that is charged for these installments is a small price to pay in the long run.
