The easiest way to find low-cost prices for car insurance rates is to begin comparing prices regularly from companies in Miami.
First, learn about how your policy works and the things you can control to keep rates in check. Many things that increase rates like high-risk driving behaviors and a less-than-favorable credit history can be improved by making minor changes to your lifestyle.
Second, request rate estimates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only provide price estimates from one company like GEICO and Allstate, while independent agents can quote rates from multiple sources. View a list of agents
Third, compare the quotes to the price on your current policy to see if you can save by switching companies. If you find a better price, ensure there is no coverage lapse between policies.
Fourth, notify your current company to cancel your current auto insurance policy and submit payment and a completed application for the new policy. Once coverage is bound, put the certificate verifying coverage along with the vehicle’s registration papers.
The key thing to remember is to make sure you’re comparing the same coverage limits and deductibles on each quote and and to get rates from as many different companies as possible. Doing this enables an accurate price comparison and many rates to choose from.
A recent study showed that almost 70% of drivers have remained with the same insurance company for at least four years, and nearly 40% of drivers have never compared rates to find lower-cost insurance. Miami drivers can cut their rates by about 55% a year just by shopping around, but they just don’t understand the large savings they would see if they switched to a more affordable policy.
Finding the cheapest insurance coverage in Miami is really quite easy. If you have a current insurance policy, you will most likely be able to lower your rates using this information. But Florida drivers do need to understand how companies compete online because it varies considerably.
Which auto insurance company is best in Florida?
Choosing the best insurance provider can be a challenge considering how many companies sell coverage in Florida. The information shown below may help you select which car insurance companies to look at when comparing rate quotes.
Top 10 Miami Car Insurance Companies Ranked by Value
- Mercury Insurance
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- The General
- 21st Century
Auto insurance 101
Having a good grasp of your car insurance policy can help you determine the best coverages and proper limits and deductibles. Car insurance terms can be ambiguous and nobody wants to actually read their policy. Shown next are typical coverages offered by car insurance companies.
Medical payments coverage and PIP
Med pay and PIP coverage pay for immediate expenses for things like X-ray expenses, ambulance fees, prosthetic devices, rehabilitation expenses and EMT expenses. The coverages can be used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. It covers both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP coverage is only offered in select states and may carry a deductible
Uninsured/Underinsured Motorist coverage
This provides protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants and damage to your Buick Rainier.
Due to the fact that many Florida drivers carry very low liability coverage limits (Florida limits are 10/20/10), it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.
This coverage pays for damage to your Rainier from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage pays for claims such as crashing into a building, damaging your car on a curb and rolling your car. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Another option is to choose a higher deductible on your Rainier to bring the cost down.
Liability insurance protects you from injuries or damage you cause to a person or their property by causing an accident. This insurance protects YOU from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 10/20/10 that means you have a limit of $10,000 per injured person, a total of $20,000 of bodily injury coverage per accident, and a total limit of $10,000 for damage to vehicles and property.
Liability coverage protects against claims such as bail bonds, medical expenses and structural damage. How much liability should you purchase? That is your choice, but consider buying as much as you can afford. Florida state law requires minimum liability limits of 10/20/10 but it’s recommended drivers buy more coverage.
The next chart shows why buying low liability limits may not be enough coverage.
Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for claims like vandalism, hail damage, rock chips in glass, damage from flooding and damage from getting keyed. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.
You just learned a lot of tips how to save on Buick Rainier insurance in Miami. The key concept to understand is the more rate comparisons you have, the higher your chance of finding low cost Miami auto insurance quotes. You may even find the lowest priced insurance comes from some of the smallest insurance companies. These companies may often insure only within specific states and give better rates compared to the large companies like Allstate or State Farm.
As you shop your coverage around, it’s very important that you do not skimp on critical coverages to save a buck or two. There have been many cases where drivers have reduced comprehensive coverage or liability limits only to find out that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to purchase plenty of coverage at the best possible price, not the least amount of coverage.
More detailed insurance information can be read by following these links:
- Booster Seat Ratings (iihs.org)
- Who Has the Cheapest Car Insurance Quotes for a Honda Civic in Miami? (FAQ)
- What Insurance is Cheapest for Used Cars in Miami? (FAQ)
- Who Has Affordable Miami Car Insurance Quotes for a Toyota Highlander? (FAQ)
- Who Has Affordable Auto Insurance for Drivers Under 21 in Miami? (FAQ)
- How Much are Auto Insurance Rates for Drivers Requiring a SR22 in Miami? (FAQ)
- Who Has Cheap Auto Insurance Rates for Drivers Over Age 60 in Miami? (FAQ)
- How to shop for a safer car (Insurance Institute for Highway Safety)
- Avoiding Deer Collisions (Insurance Information Institute)
- Event Data Recorders FAQ (iihs.org)
- What is a Telematics Device? (Allstate)