In Florida, in which the majority of residents operate vehicles, is dealing with a prevalent increase in auto accidents. And as a result, this naturally brings about more auto insurance claims. One of the inquiries we receive frequently as a Florida auto insurance carrier is, “Why is car insurance increasing if I have not had an incident or a speeding ticket?”
All insurance plans including those provided by Florida auto insurance companies are developed to spread the risk– and for this reason, the cost is also spread amongst all of the insurance policy holders within a group. Much like your health insurance has likely escalated whether you are in good shape or not, Florida auto insurance is climbing as a result of others drivers. Warren Buffet, the billionaire investor, says insurance rates will go up.
When it comes to Florida auto insurance, what has changed?
You may or may not tend not to utilize your smartphone in your vehicle, nevertheless take a swift look at the individuals driving down the road next to you. Mix that with a remarkable surge of distance folks are driving because of elevated employment and lower fuel prices, and the result is mind-boggling.
During 2015, many vehicle owners have indeed been enjoying some of the most reasonable fuel prices in several years because a decrease in the international oil markets. Therefore, more folks have taken to the road as more affordable gas rates have helped make driving a vehicle somewhat more budget-friendly than in the past. With this surge in drivers on the road, unfortunately, came an escalation in wrecks.
Furthermore, a lot of states, are experiencing an increase in deaths. A lot of these incidents are single automobile collisions in which autos departed the road and hit a tree, a bridge or a ditch. This is symptomatic of a distracted driving. All of these factors combined have had an impact on Florida auto insurance premiums.
So what should you do to avoid increasing Florida auto insurance?
Do not reduce your Florida auto insurance coverage limits to their minimums. This mistake could be an expensive move in the occurrence of an unfortunate incident. Fine-tune your Florida auto insurance deductibles and liability limits to what you can manage. Keep in mind, minimizing your auto insurance liability limits is not the place to save a few dollars on your auto insurance premiums.
Participating in a defensive driving training course can additionally lead to a considerable discount on your insurance policy. The precise number will vary from state-to-state. In some states, for instance, successfully concluding a defensive driving training course can typically decrease the cost of your insurance coverage by around 10%. Although defensive driving will not be free of cost, it is a single expenditure. The reduction in your insurance policy cost may well pay for the price of a course in a short time.
Ask yourself these questions:
· Do I utilize my phone at all while driving a vehicle?
· Am changing stereo or temperature controls?
· Am I operating a vehicle just after I’ve had something to drink?
· Am I driving a vehicle even though I’m worn out and tired?
Look to discover if you could save cash by bundling policies. If you have insurance policies with other Florida insurance carriers, it could pay to think about transferring everything to a single insurance carrier. You’ll find that you are eligible for additional savings by doing this. While Florida auto insurance is likely in an uptrend because of factors on the roads that are out of our control, taking the time to sit down with a seasoned team of insurance professionals who can help you make the wisest decisions about your Florida auto insurance makes sense. We can help.
