Car Insurance Premiums Rise In Florida

Floridians have seen an average auto insurance premium increase of almost 14% since January 1.  This article from the Tampa Tribune lays out the various reasons for the increase- Click Here.

Make sure you are receiving every possible discount on your auto insurance policy.  Many companies give discounts for the following:

Paperless- receiving all your correspondence through email.
EFT- Electronic Fund Transfer for all payments
Paid In Full- Paying a policy in full at the beginning for the policy period often results in substantial savings.
Senior Driving Course- Drivers 55 years and older can take an online course and receive a discount from many companies
SnapShot- Progressive offers discounts to drivers who install the "Snapshot".  The devise tracks your driving habits including the amount of driving you do and applies discounts to your policy.

Of course if you are like me and have two drivers under the age of 25 you will be paying very high rates no matter what.

For a free no hassle insurance review, call Boca Insurance Group at 954-596-0691.

Florida No-Fault Auto Insurance Law to lower premiums?

So far, changes enacted by the Florida legislature have helped lowered PIP premiums by an average of 2.5%.  This is a far cry from the 25% anticipated when the changes were being discussed.  Click Here for the Miami Herald article discussing these changes. 

The key to seeing meaningful decreases in premium is lower PIP claims costs and a decrease in fraud.  Florida- south Florida in particular- is home to some of the highest fraud rates in the country.  Until fraud is under control, Florida will continue to see higher than average rates.

Boca Insurance Group represents a number of quality auto insurance companies allowing us to quote numerous carriers to find the best possible rate for your insurance dollar.  Call us today at 954-596-0691 and see how we can help lower your auto insurance premiums.  You may also e-mail us at pat@bocainsgroup.com to request a quote.