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Florida auto insurance rates

Florida auto insurance rates

If you think Florida auto insurance rates are high, you’d be right.  The auto insurance rates in Florida are among the highest in the nation.  No insured drive can escape the continuous rise in costs.  Even if you only carry the very minimum coverage required by Florida state law, you’re going to be affected by these climbing rates.

Why Are Florida Auto Insurance Rates So High?

Insurance carriers throughout the state blame the rise in costs on PIP, or personal injury protection coverage.  The state requires that every policy include a minimum of $10,000 coverage for personal injuries caused by an accident, no matter whose fault it is.  According to, the PIP claims have ballooned over the years, causing the insurance rates to continually go up.

Professionals in the insurance industry are claiming that fraud has a lot to do with the increase in these PIP claims.  They say staged accidents are on the rise.  Alleged victims of these staged accidents claim injury, go to a medical provider and the provider collects the $10,000 insurance money.  The Tampa area seems to be one of the prime spots, showing a big increase in the number of PIP claims.

Other insurance companies question whether there’s actually an increase in fraud or whether the consumer is just becoming more aware of their options when it comes to filing claims.  It is quite common these days to see advertisements everywhere by personal injury attorneys encouraging people to seek damages if they’ve been injured in an automobile accident.

How To Find The Best Rates

Your auto insurance rates from are based on a lot of different factors.  For instance, your age and your driving history can have an affect on how much you will pay.  Other factors that influence your rates are where you live, city or rural, and the kind of car you own.  These factors can vary widely among the different insurers.  For example, the kind of car you want to insure won’t necessarily be assigned the same rate with every company.

As of September, 2014,  studies show that Florida auto insurance rates were the highest in Miami and the lowest were in Gainesville.  The average rate for auto insurance was about $996.  With so many companies offering auto insurance, you’ll want to take the time to shop around for quotes.

Arming yourself with comparison rates will help you get the best policy for your situation and your budget. You can easily get the information you need by searching for quotes online.  Most websites will let you search by entering your zip code to get an accurate idea of the rates in your specific area.

Keep in mind that Florida law requires everyone to carry minimum coverage according to  Should you let your coverage expire it can result in losing your driving privileges and it will cost you to get those privileges back.  So even if you think Florida auto insurance rates are expensive, the cost of not having insurance or letting your insurance lapse will only cost more in the end.