If saving money is your primary concern, then the best way to find lower priced car insurance rates in Miami is to do an annual price comparison from insurance carriers that sell auto insurance in Florida. Prices can be compared by completing these steps.
First, spend some time learning about individual coverages and the modifications you can make to prevent rate increases. Many policy risk factors that are responsible for high rates such as accidents, careless driving, and a lousy credit rating can be rectified by making small lifestyle or driving habit changes. Read the full article for more ideas to get better rates and find missing discounts.
Second, compare rates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can give quotes from one company like Progressive and State Farm, while agents who are independent can provide price quotes for a wide range of insurance providers. View insurance agents
Third, compare the price quotes to your current policy and determine if there is any savings. If you find a lower rate and make a switch, make sure there is no coverage gap between policies.
Fourth, provide adequate notice to your current company to cancel your current car insurance policy and submit the required down payment along with the signed application to the newly selected company. Immediately upon receiving it, safely store the proof of insurance certificate with your registration paperwork.
One key aspect when comparing rates is to try to use the same coverage limits and deductibles on each quote request and and to get quotes from as many carriers as you can. Doing this helps ensure a level playing field and maximum price selection.
It’s well known that insurance companies don’t want you quoting rates from other companies. Insureds who get price comparisons will presumably switch insurance companies because they have good chances of getting low-cost coverage. A recent survey discovered that consumers who compared rate quotes regularly saved over $3,500 over four years compared to other drivers who don’t make a habit of comparing rates.
If finding the best rates on Jeep Liberty insurance in Miami is why you’re here, then learning about the best way to shop and compare cheaper coverage can save time and make the process easier.
When price shopping your coverage, making a lot of price comparisons provides better odds of finding a better price. Some insurance companies are not set up to provide Miami Liberty insurance quotes online, so you need to compare rates from the smaller companies as well.
The providers in the list below are ready to provide free rate quotes in Florida. To buy cheap auto insurance in Florida, we suggest you visit as many as you can in order to get a fair rate comparison.
Why insurance is not optional
Even though Miami Liberty insurance rates can get expensive, buying insurance serves several important purposes.
First, just about all states have mandatory insurance requirements which means state laws require a specific level of liability protection in order to license the vehicle. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if your car has a loan, most banks will require that you carry insurance to guarantee payment of the loan. If coverage lapses or is canceled, the bank or lender will purchase a policy for your Jeep at a more expensive rate and require you to fork over the higher premium.
Third, insurance protects not only your vehicle but also your financial assets. It will also reimburse you for medical transport and hospital expenses for both you and anyone you injure as the result of an accident. Liability coverage will also pay for a defense attorney in the event you are sued. If your vehicle suffers damage from an accident or hail, your policy will pay to restore your vehicle to like-new condition.
The benefits of insuring your car more than cancel out the cost, especially for larger claims. Unknowingly, the average driver is wasting up to $855 a year so smart consumers compare quotes at least once a year to be sure current rates are still competitive.
Jeep Liberty coverage analysis
The coverage table shown next outlines estimates of insurance premium costs for Jeep Liberty models. Being able to understand how insurance rates are calculated can help customers make decisions on which insurance to purchase.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Liberty Sport 2WD||$166||$318||$542||$32||$162||$1,220||$102|
|Liberty Limited 2WD||$192||$318||$542||$32||$162||$1,246||$104|
|Liberty Renegade 4WD||$192||$318||$542||$32||$162||$1,246||$104|
|Liberty Sport 4WD||$192||$318||$542||$32||$162||$1,246||$104|
|Liberty Limited 4WD||$192||$386||$542||$32||$162||$1,314||$110|
|Get Your Own Custom Quote Go|
Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Price information does not factor in your specific Miami location which can influence premiums noticeably.
The chart below illustrates how choosing a deductible and can increase or decrease Jeep Liberty insurance prices for different insured age categories. The premiums are based on a married female driver, comp and collision included, and no policy discounts are applied.
Tickets and at-fault accidents raise rates
The example below illustrates how violations and at-fault fender-benders can affect Jeep Liberty premium costs for each age group. Data assumes a married male driver, comprehensive and collision coverage, $1,000 deductibles, and no additional discounts are factored in.
Insurance rates by age and gender in Miami
The information below illustrates the comparison of Jeep Liberty insurance premiums for male and female drivers. The price estimates are based on a clean driving record, no at-fault accidents, comp and collision included, $1,000 deductibles, drivers are single, and no discounts are taken into consideration.
Does it make sense to buy full coverage?
The diagram below visualizes the comparison of Jeep Liberty insurance prices with and without physical damage coverage. The rate quotes are based on no driving violations, no at-fault accidents, $250 deductibles, drivers are not married, and no additional discounts are factored in.
Guidelines for dropping full coverage
There is no clear-cut rule for excluding physical damage coverage, but there is a guideline you can consider. If the annual cost of having full coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.
For example, let’s assume your Jeep Liberty replacement cost is $9,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would receive is $8,000 after the policy deductible has been paid. If premiums are more than $800 annually for comprehensive and collision coverage, then you might want to consider buying only liability coverage.
There are some cases where dropping full coverage is not in your best interest. If you haven’t satisfied your loan, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not consider dropping full coverage.
Determine discounts to get cheap Miami auto insurance quotes
Companies do not list all discounts in a way that’s easy to find, so the next list breaks down both the well known and also the lesser-known credits that may apply to you. If you don’t get every credit you deserve, you are throwing money away.
- Drive Safe and Save – Insureds who avoid accidents may receive a discount up to 45% than less cautious drivers.
- Resident Student – Any of your kids who are attending college and leave their car at home may qualify for this discount.
- Discounts for Federal Employees – Active or former government employment can earn a discount up to 10% but check with your company.
- Air Bag Discount – Vehicles equipped with air bags may get savings of 25 to 30%.
- Student Discounts – A discount for being a good student can be rewarded with saving of up to 25%. Most companies allow this discount up to age 25.
As is typical with insurance, most discounts do not apply to the entire cost. Most only cut the price of certain insurance coverages like comp or med pay. So even though they make it sound like having all the discounts means you get insurance for free, it’s just not the way it works.
The illustration below shows the comparison of Jeep Liberty insurance rates with and without discounts applied to the policy premium. The prices are based on a female driver, no claims or driving citations, Florida state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, safe-driver, multi-car, claim-free, and multi-policy discounts applied.
Large auto insurance companies and a summarized list of policyholder discounts are shown below.
- American Family has discounts for air bags, early bird, bundled insurance, TimeAway discount, good student, and Steer into Savings.
- Nationwide may include discounts for defensive driving, multi-policy, anti-theft, accident-free, family plan, and Farm Bureau membership.
- MetLife includes discounts for multi-policy, claim-free, defensive driver, good student, good driver, accident-free
- 21st Century policyholders can earn discounts including student driver, good student, 55 and older, automatic seat belts, and driver training.
- Farmers Insurance offers discounts for multi-car, good student, electronic funds transfer, switch companies, and alternative fuel.
- Allstate offers premium reductions for auto/life discount, resident student, defensive driver, safe driver, and multi-policy.
Before you buy a policy, ask every company which credits you are entitled to. Some credits may not be offered in your state. If you would like to view providers who offer cheap Jeep Liberty insurance quotes in Florida, follow this link.
How much car insurance do I need?
When it comes to the right insurance coverage for your vehicles, there isn’t really a one size fits all plan. Every insured’s situation is different and your car insurance should unique, too.
For example, these questions might point out if you might need professional guidance.
- At what point should I drop full coverage?
- Do I have coverage when making deliveries for my home business?
- What happens if I owe more than my Jeep Liberty is worth?
- When do I need to add a new car to my policy?
- Is coverage enough to protect my assets?
- Should I rate my vehicle as business use?
- Am I covered when driving in Canada or Mexico?
- Will my rates increase for filing one claim?
If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area.