Your Car Insurance Could Be Too Expensive
There are many reasons to think about your auto insurance premium. You could be thinking about shifting to another company to save money on your household budget. Or you may have your premium increased after filing a claim and now are not sure how to get a better rate. Auto insurance rates are set at certain levels once risk algorithms are assessed.
There are a lot of facts and figures you could research, but if you are looking for the basics of car insurance rates, think about your age, your driving history, and where you live. If you were in an accident in Clearwater, Hudson, or Tampa, and are struggling to pay bills and connect with optimal insurance rates, connect with a legal professional to explore your options. Compensation could be part of the solution when an accident occurred because another was negligent.
Florida law currently requires only that you have $10,000.00 in property damage and $10,000.00 in personal injury protection (PIP) coverage. Such minimum coverage only means that if the accident is you fault, your insurance company may pay up to $10,000.00 for the other driver’s property damage to their motor vehicle and, regardless of fault, your company may pay up to $10,000.00 towards your medical bills. There are reasons, however, that you may want more than the basic minimum coverage required by Florida law. Most attorneys recommend that you also maintain bodily injury and uninsured/underinsured motorist insurance coverage. This type of coverage may be important in the event that the accident is determined to be your fault or if the other driver who is at fault does not have adequate bodily injury insurance coverage.
Why Does Location Influence Insurance Rates?
Where a driver lives can impact their insurance rate. This is because some areas experience a higher rate of accidents, auto thefts, and vandalism. For this reason, it is common for people living in urban areas to pay more than drivers who reside in smaller towns. A high amount of traffic accidents would be detected by a risk algorithm, for instance.
Do Younger Drivers Pay More?
Yes, it is common for younger drivers to be quoted at a rate that is higher than an older driver who resides in the same area. But it is important to note this will change over time, as a driver ages. After the age of 25, your rate should decline if all the other data remained the same. Of course, if you move to an area with a high accident rate at the age of 25, you may not see a reduction. Connect with your car insurance company if you have questions about why your rate remains high after your 25th birthday.
What If I Have an Accident History?
Accident histories can have an impact on auto insurance rates. For the best rates, drivers should maintain a clean record. Violations such as speeding tickets can have an effect, so driving behaviors can play a role. After all, a speeding vehicle has a higher likelihood of being in a collision.
Collisions can happen even if you are driving as carefully as possible. If this is true for you, talk over the details of your event with a skilled Florida personal injury lawyer. A seasoned attorney is able to walk you through the intricacies of complex claims.
Are you baffled by your insurance rate increase and are unsure how you will pay because you have so many expenses connected to a Florida auto collision? Talk to a skilled legal professional to understand what your options are moving forward. Compensation may be possible if you are juggling medical care expenses, property damages, and lost income. Talk to an experienced personal injury lawyer to understand your rights. The attorneys at Roman & Roman have over 100 years of combined experience. Schedule your free consultation today.