Why is auto insurance so expensive in Florida: an auto accident attorney explains it
One of the main reasons auto insurance is so expensive in South Florida is that over 20% of Florida drivers do not have auto insurance.
The annual insurance rate in Florida averages around $2,000 per year, which is 2 times higher than the national average for auto insurance rates. Florida is the fifth most expensive state to purchase auto insurance in the nation.
Uninsured drivers increase the cost of insurance for people who buy insurance to protect themselves and their cars. this makes it very important to have uninsured motorist coverage on your policy.
Other factors that contribute to high auto insurance rates in Florida include traffic, severe weather hazards, high-risk drivers and rising health care costs, according to Money Geek.
Florida is the third busiest state in the US. UU., which generates heavy traffic. Auto insurance companies often raise their insurance premiums based on traffic because the more people driving and the closer they get to other vehicles, the greater the chance of a car accident.
high risk drivers increase auto insurance rates in florida
High-risk drivers include inexperienced drivers, people with multiple speeding tickets, accidents, or who have had a DUI arrest or conviction, or lapses in auto insurance coverage.
Florida requires additional fines for high-risk drivers and DUIs, making their rates much more expensive. Higher rates for high-risk drivers may also contribute to making many Florida auto insurance rates so expensive, according to Money Geek.
Florida accounts for about 8% of drunk driving deaths in the country, according to responsibility.org. Florida is also the most dangerous state for pedestrians, with the most car and pedestrian accidents each year.
uninsured drivers drive up auto insurance rates in florida
With over 20% of Florida drivers uninsured, it makes auto insurance premiums more expensive for those who purchase insurance. On average, about 12% of drivers in the US. uu. they don’t have insurance.
With such a high rate of uninsured, it’s more likely that you could be involved in an accident with someone who doesn’t have car insurance. If you are in a car accident, there is at least a 1 in 5 chance that the other car involved in the accident does not have car insurance.
This is why getting uninsured motorist coverage in Florida is so important. Essentially, uninsured motorist coverage, or um, will pay for your damages if you get into an accident with an uninsured or underinsured driver. Because uninsured motorist coverage is an additional cost, this is another factor that drives up the state’s total average insurance premium rate.
average age of drivers in florida
Both young and old often have to pay more in auto insurance premiums. As a state, Florida has a large population of young and elderly drivers. this contributes to higher-than-average insurance premiums for Floridians.
weather conditions affect auto insurance rates in florida
Severe weather hazards also increase auto insurance policies. With tornadoes and hurricanes very common in Florida, insurance companies know there’s a chance your car could be totaled in a severe weather event.
Because severe weather conditions are very common in Florida, insurance companies increase their premiums because they expect to pay more and larger claims in the state due to weather events alone.
tips on car insurance in florida
When it comes to finding a car insurance premium, be sure to get a variety of quotes from different companies so you can compare your options. Sometimes you may be able to negotiate with an auto insurance provider, especially if you can let them know that another company has offered you a better or cheaper rate.
We already mentioned it, but it’s so important it’s worth mentioning again: Make sure you get uninsured motorist coverage. Uninsured motorist coverage helps ensure that you are well taken care of, regardless of the insurance coverage status of someone else involved in an accident.
If you are injured in a Florida car accident, um (uninsured and underinsured motorist) coverage can help ensure your medical costs are covered regardless of whether the person who caused the accident has auto insurance or no.
Injured in a Florida Car Accident?: Get a Free Consultation with Our Car Accident Lawyer
If you have any questions about um coverage or if you were injured in a Florida car accident, you need to speak with an experienced Florida car accident attorney as soon as possible.
Contact us online or call our Coral Springs office directly at 954-755-7803 to schedule your free consultation. We proudly serve Floridians including all of Coral Springs, Parkland, Weston, Fort Lauderdale, Boca Raton, Miami-Dade County, Broward County, Palm Beach County and all points in between. /p>
Call our coral springs office today: 954-755-7803
- Get free car accident resources here: askandylegal.com
- Find out how we got a client to settle $345,000 after he was injured in a rear-end commercial vehicle accident .