Why Auto Insurance is Costing You a Fortune

Your auto insurance policy may be a lot more expensive than you ever imagined. There are several reasons why it’s costing you a fortune – and it’s time that you do something about it. If you want more affordable auto insurance in Florida, there are several things that you can do.

You Have Points on Your License

If you have points on your license, such as from getting tickets because of speeding or reckless driving, it’s going to cost you more money on your insurance premiums. This is because insurance companies see you as a higher risk. One of the best ways to remove the points from your license is by taking a safe driving course.

You Have Been in Accidents

Accidents happen, but if you have been involved in one (or more), it’s going to cost you on your insurance. Insurance companies need to make up the cost that they have spent in paying for an insurance claim. This means that you’re going to spend more on the premiums, even if the accidents weren’t your fault.

Not all insurance companies put as much weight on past accidents as others, so comparing rates is a good thing. Also, if you can avoid accidents for a few years, they will eventually come off of your record so you won’t be penalized by them any further.

You Never Compared Rates

If you don’t compare rates, you don’t know if you’re getting a good deal. You could go with Insurance Company A because they had a good reputation. However, Insurance Company B or C could have better rates and a similar reputation. By involving an insurance agent, they can get quotes from multiple companies so you have a better way to compare.

You Have Too Much Coverage

While coverage is important, you also don’t want to have more than what you would ever need. Some insurance companies try to sell you more than what you need. However, if you don’t need it, why spend the money? You may be sold more liability for property damage or personal injury or have higher limits in other areas. Especially if you have proven yourself as a safe driver, you may not need tens of thousands of dollars in certain areas.

If you think you’re paying too much for auto insurance, contact an independent insurance agent. Independent agents aren’t allegiant to one specific insurance company in Florida. The benefit to this is that they will be able to look at multiple companies and recommend the one that works best for your needs and budget.