Surfing the Breaks for Florida Auto Insurance

Florida auto insurance is far more complicated than paddling offshore and riding the minimum required auto insurance policy in to your nearest local insurance office. Case in point: despite having some of the lowest required amounts for auto coverage in the United States, Florida's auto insurance rates rank 5th highest in the nation according to the Insurance Information Institute, at $1,043 per year. What accounts for the discrepancy? While there are more than a few answers to that question, at the root of them all is a single word: risk. That said, understanding how insurance companies gauge risk, and how consumers combat it, is imperative if you hope to get the best deals possible on insurance in the Sunshine State.

Risk: The Driving Force Behind Florida Auto Insurance Quotes

Two main factors drive auto insurance rates in Florida: 1) the auto insurance coverages and amounts that Floridians choose to purchase, and 2) the prices insurance companies charge based on the assumed risk they take insuring drivers and their vehicles. Florida's sky-high auto insurance rates make a few things abundantly clear. The first is that Floridians, of their own accord, regularly choose to insure themselves and their vehicles at rates far above and beyond those required by the state. The second is that, after reviewing the data, auto insurance providers in Florida have determined that insuring automobiles in the Sunshine State isn't such a sunny proposition after all.

Why Floridians Don't Think State Required Insurance Limits are Enough

Why does the average Floridian choose to pay $1,043 per year for their auto insurance, close to $250 more than the national average of $795? Put simply, Floridians understand the value of protecting themselves and their assets. Florida state law requires every driver on the road to carry a mandatory minimum of $10,000/$20,000 in bodily liability insurance, and an additional $10,000 in property damage coverage. In layman's terms, that means that if you're found to be at fault in an auto accident, your insurance provider would pay up to $10,000 in medical bills for a single person, up to $20,000 in medical bills for all involved in the accident, and an extra $10,000 to cover property damage (which includes any damage to other vehicles). At the risk of stating the obvious, it doesn't take a rocket scientist from Cape Canaveral to figure out that if you are in a serious auto accident, those numbers aren't going to cut it - especially when you're liable for any expenses above and beyond those amounts.

A Less Risky Approach to Florida Auto Insurance

That is precisely why the majority of Floridians choose to follow common sense instead of state law when it comes to soliciting Florida auto insurance quotes. According to insurance giant Allstate, Floridians are far more likely to opt for an insurance package in the neighborhood of $100,000/$300,000 for bodily liability, $50,000 in property damage insurance, $5,000 in extra medical payments coverage, and uninsured motorist coverage of $10,000/$20,000 (not a bad idea, since Florida's uninsured motorist rate is estimated to be around 19% by the Insurance Research Council). And while opting for a more comprehensive insurance package does cost more in annual premiums, it's a far better value for the consumer when you frame it in terms of the protection, both personal and financial, that it provides.

Following a Proven Path to Reasonable Florida Auto Insurance Quotes

While it's important to protect yourself where auto insurance in Florida is concerned, that doesn't mean you should hand your checkbook over to the highest bidder. In order to help determine their rates, Florida auto insurance providers research risk just as much, if not more, than consumers do. That said, when you figure in statistics from the National Highway Traffic Safety Administration that rank Florida second in the nation for traffic fatalities, and take into account Florida's propensity for severe weather and the above average rate of property damage claims that result (flood, wind, and hail damage, for example), it's easy to see why insurance providers in Florida aren't quick to give any handouts. For all those reasons, it's vital that consumers use every tool at their disposal to search out the best coverages possible for the best rates when it comes to auto insurance quotes, and online insurance quote providers like are some of the best weapons in your arsenal. At the click of a mouse, and at no cost to you, you'll secure a host of insurance quotes from a wide range of providers, allowing you to compare rates, coverages, and service, on your way to securing the best deal possible for you and yours.