[Gladys Turnip]

What do you pay for car insurance for 6 months (for a car registered in Florida)?

Even though I have no tickets or accidents, over the past 2-3 years, my carrier has increased my 6-month premium from around $400 to $700. Is this happening all over Florida (or is it just me)?

Lastly, I'm reluctant to switch insurance companies b/c I'm bundled with my home owner's policy and that rate happens to still be very reasonable.

Thanks!

[retiredguy123]

In my experience, bundling car and home insurance may provide a small discount. But, when you do the math, they often overstate your actual savings because they don't include all of the other discounts. I was once told that my bundling discount was 25 percent, but when I actually calculated the policies separately, the discount was only about 3 percent. Currently, I have State Farm auto for about $380 for 6 months, and Progressive homeowners for $880 per year. I would never stay with a company just to keep a bundling discount. First, do the math. Don't take the agent's word for it.

Also, check to see how much you are paying for uninsured motorist insurance. It is mandatory in many states, but optional in Florida. Some people will disagree with me, but I don't have any UM insurance because I consider it to be mostly redundant with my health insurance. Even if I had UM insurance, I would never file a claim.

[asianthree]

One needs to take into account that nobody pays the same amount for the same make or model car.

Insurance is based on, Credit Score, Age of Driver, Zip Code, Points, Accidents, Adults and other ages in household, driving or not. So great grandma lives in your house, still has a valid DL, at your address, but no longer drives, That counts to your premium.

So to ask what everyone pays, is impossible to answer.

One way to save find a company that writes one year policies, and pay in lump sum. Many companies no long bundle, some that still do may actually be higher than splitting item between different companies.

[Dusty_Star]

Originally Posted by asianthree

One needs to take into account that nobody pays the same amount for the same make or model car.

Insurance is based on, Credit Score, Age of Driver, Zip Code, Points, Accidents, Adults and other ages in household, driving or not. So great grandma lives in your house, still has a valid DL, at your address, but no longer drives, That counts to your premium.

So to ask what everyone pays, is impossible to answer.

One way to save find a company that writes one year policies, and pay in lump sum. Many companies no long bundle, some that still do may actually be higher than splitting item between different companies.

What Asianthree said is correct, but maybe they didn't emphasize the year, make & model of your car enough. Some cars are very easily stolen & as a result have very high premiums. Some cars are very expensive to repair & also have very high premiums. Some cars damage easily, ditto on the high premiums. Insurance companies keep track of all of this & charge accordingly. Now add on everything said in the above post: credit score (a very big impact on premiums), age, drivers, zip, etc.

[Dusty_Star]

Originally Posted by Gladys Turnip

What do you pay for car insurance for 6 months (for a car registered in Florida)?

Even though I have no tickets or accidents, over the past 2-3 years, my carrier has increased my 6-month premium from around $400 to $700. Is this happening all over Florida (or is it just me)?

Lastly, I'm reluctant to switch insurance companies b/c I'm bundled with my home owner's policy and that rate happens to still be very reasonable.

Thanks!

Also, I don't know if having a clean record for 2-3 years is enough for insurance companies to issue 'good driver' credits. You'll have to look it up or ask your agent, but I think it is closer to 5 years.

Originally Posted by Dusty_Star

What Asianthree said is correct, but maybe they didn't emphasize the year, make & model of your car enough. Some cars are very easily stolen & as a result have very high premiums. Some cars are very expensive to repair & also have very high premiums. Some cars damage easily, ditto on the high premiums. Insurance companies keep track of all of this & charge accordingly. Now add on everything said in the above post: credit score (a very big impact on premiums), age, drivers, zip, etc.

[Gladys Turnip]

The car is a mid-size sedan (think Toyota Camry). And while knowing what others pay would be somewhat help, perhaps the better way to ask the question is: Has YOUR auto insurance premium sky-rocketed in the past 2-3 years?

[retiredguy123]

Originally Posted by Gladys Turnip

The car is a mid-size sedan (think Toyota Camry). And while knowing what others pay would be somewhat help, perhaps the better way to ask the question is: Has YOUR auto insurance premium sky-rocketed in the past 2-3 years?

My Allstate auto insurance increased by 32 percent a few years ago. I switched to State Farm and my premium decreased by more than 50 percent. State Farm told me that the reason they offered me such a low premium was that I had been with Allstate for 27 years. So, don't be afraid to switch companies.

[Babubhat]

500 to 600 for 6 months full coverage.

10 percent increase each renewal not unusual today with a clean record. Over 25 percent of drivers are uninsured in Florida and they walk with 500 bonds repeatedly in that other news site.

Shop your policy every year.

[asianthree]

Buick Enclave 2018, Onstar active in case of theft car can be disabled. Full coverage 500,000/1mil deductible $500. Not attached to any other policy

One year policy paid in full…$850.

[tophcfa]

Florida car insurance is ridiculously high. My wife’s 2020 Honda HRV and my 2016 Nissan Frontier are registered up north and insured under one policy through The Hartford’s AARP program at $1,050 per year for both vehicles. Our 2005 BMW 330CI is registered in Florida, and after extensive competitive shopping the best I could do is $660 for only 6 months coverage for a car with a significantly lower book value than either of our other vehicles. There are several reasons for this, but probably the biggest are the likes of Dan Newlin and Morgan and Morgan.

[tophcfa]

Originally Posted by Dusty_Star

Some cars are very expensive to repair & also have very high premiums. Some cars damage easily, ditto on the high premiums.

Those reasons aren’t a big factor on an older vehicle, what’s more important is the book value. Insurers aren’t going to pay out any more than book regardless of what it costs to fix a vehicle.

[jebartle]

Don't have 6 no. Rate , only 1 year, AARP Hartford, $750

[Topspinmo]

Originally Posted by Gladys Turnip

What do you pay for car insurance for 6 months (for a car registered in Florida)?

Even though I have no tickets or accidents, over the past 2-3 years, my carrier has increased my 6-month premium from around $400 to $700. Is this happening all over Florida (or is it just me)?

Lastly, I'm reluctant to switch insurance companies b/c I'm bundled with my home owner's policy and that rate happens to still be very reasonable.

Thanks!

Shop around, you may get better deal on 1 year? You didn’t mention what Type of vehicle? Which makes big difference on what insurance going insure for. Naturally if you have 60K plus vehicle it’s going to be more than 20 or 30K assessment?

[Topspinmo]

Originally Posted by tophcfa

Florida car insurance is ridiculously high. My wife’s 2020 Honda HRV and my 2016 Nissan Frontier are registered up north and insured under one policy through The Hartford’s AARP program at $1,050 per year for both vehicles. Our 2005 BMW 330CI is registered in Florida, and after extensive competitive shopping the best I could do is $660 for only 6 months coverage for a car with a significantly lower book value than either of our other vehicles. There are several reasons for this, but probably the biggest are the likes of Dan Newlin and Morgan and Morgan.

Apples to oranges. BMW vs Honda.

[djlnc]

About $625 for our 2016 GMC Canyon and 2021 Acura RDX with State Farm. We also have homeowners with them and are long time customers with no claims.