Florida auto insurance costs have become ridiculously expensive and unaffordable for many with a strapped budget.
Not everyone has the privilege of obtaining a scooter and eliminating insurance costs. Here are some common logical ideas which may help in reducing insurance costs in the state of Florida.
First you need to understand insurance is a custom fit product, one size does not fit all. You may be living in Miami or Fort Lauderdale and have 2 cars which may run somewhere around 00 for six months of insurance.
Meanwhile the person living next door not more than 20 feet away also has 2 similar cars and pays 0 for similar or the same insurance.
Auto insurance is rated on many different factors. First there is your credit score. Why should your credit score determine the cost of insurance? Simply put, statistically it shows a persons responsibility to pay bills on time and be more aware for their actions while driving. Person with a high credit score will have more fear to get behind the wheel of a car if they are intoxicated than one with a low or no credit score. Credit score is something people want to keep and retain as it brings benefits and discounts in many different financial areas.
Then there is the old driving record. For those who wear seatbelts, don’t speed or at least don’t get caught at it and are lucky enough not to have any collisions with other fellow motorists or objects, receive a huge reward from insurance companies by not being surcharged for reckless behavior.
Other factors which determine rates are length of driving history. Operators from certain countries outside the USA are surcharged because the insurance company can not check your driving record.
Marital status believe it or not has also an effect, if you’re a single female your rate could be higher than if you were married.
Florida Insurance companies are insinuating single females may have unknown friends or boyfriends which at sometime may borrow their car, this becomes a higher risk for the carrier.