One of the first things a Florida auto insurance company is going to ask you about is the annual deductible you would like to select. The deductible refers to the total amount you would be required to pay out of pocket before your insurance coverage would begin. The amount is generally expressed in both an annual amount, and per incident, or per accident amount. To reduce your annual auto insurance payment, select the largest deductible your budget will allow.
Policy Features and Benefits
Florida sets a minimum amount of auto insurance coverage that each driver must obtain. But, many drivers increase their level of auto insurance coverage as well as add features and benefits that are important to them to their policies. Some of the most common additional features and benefits include:
Emergency Roadside Assistance – This policy feature provides assistance in the event that your car breaks down on the side of the road.
Towing Coverage – Will pay for the cost to tow your car to a repair facility
Rental Car Coverage – Will provide a daily allowance for a rental car while your car is being repaired following an accident.
Uninsured Motorist Coverage – If you live in a state with a high percentage of uninsured drivers, you may want to consider this added policy feature. Uninsured motorist coverage provides added financial benefit for you and your vehicle in the event that you are in an accident with a motorist not carrying insurance.
Each of these policy options will add cost to your annual premium. So, be sure to discuss each option with your insurance agent before completing the underwriting process to ensure that you are getting the precise level of coverage you desire.
Choosing an Insurance Company
In addition to shopping Florida auto insurance rates, you will also want to shop companies to learn more about the provider. One important question to ask auto insurance companies is whether your personal credit score factors into the rate you are quoted. In the event that your personal credit score is average or below average, if your auto insurance company relies on that information to quote your rate, it is likely going to be significantly higher that you could obtain at another company. You will also want to review the financial strength and rating of each potential auto insurer. It is also recommended to re-evaluate your policy and cost annually, as things within your household can change over time.
Choosing an auto insurance in Florida is an important step, as it provides financial coverage for not only your vehicle, but the passengers inside in the event of a theft or accident.