Florida auto insurance is one of those things you are supposed to have, if you are a responsible car owner. You also want to be responsible for your own possible losses, in the event something should go wrong. There are some choices you can make which could lower your premium, if you spend a little time reviewing your current coverage. Here are a few points to help you along.
Insurance premiums are calculated on a few statistics gathered by the insurance companies. Some facts that could effect your premiums are considered when applying for insurance, and they include, the age of all drivers of the vehicle, any past traffic accidents and violations, as well as how many miles you drive that car in a year. With that in mind, here are some other factors that you have control over.
If you live in a location where the government has some type of fuel tax or other legal implementation designed for paying liability claims, you may not have to carry liability insurance. Otherwise, you will be required to prove a minimum amount of coverage which is dictated by that governing body. Liability policies do not cover any loss to your automobile.
Collision insurance will pay for losses to your vehicle, but not for the other vehicles involved. You have choices of how much you can afford to pay out as a deductible, and you can choose the maximum amount of coverage you want the insurance company to pay. However, if you car is financed, you will have to comply with their requirements to prove you have coverage which will protect their interests, in the event you have a claim.
Comprehensive insurance bridges the gap in collision coverage by paying for claims that result from hitting a cow or deer, or some other large animal. It will pay for theft of personal contents, or of the car, and it covers loss due to fire. Certain natural mishaps are covered as well as vandalism, and you can choose deductibles and maximums to suit your finances.
Bodily injury is a very good extension of the standard liability policy. This insurance will cover the expense of medical claims of third parties, including your passengers. And, it pays for any of your expenses for legal issues which may arise from you being found at fault in causing a vehicular accident.
Roadside Assistance isn’t really a policy. It can be an added benefit that is tucked in with an insurance package deal, but it covers having your car towed, fixing any flat tires you may have, sending a service truck with gasoline or other vital fluids and starting your car if the battery fails to get the job done.
With the above information, you should be able to review your current Florida auto insurance to determine if there are possibilities for lower your monthly premium by simply choosing different deductibles and maximum payouts. It is always a good idea to examine your current insurance situation every six months to make sure you are not being penalized for previous offenses that are no longer showing up on your records.