Make us your home page
Instagram

Florida auto insurance cheaper than average, survey finds

Florida may still be one of the most expensive markets in the country for property insurance, but it's cruising comfortably as a competitive market for auto insurance.

Florida's average annual premium for auto coverage — $1,476 — is $85 cheaper than the national average, according to a survey released Monday by Insure.com.

Compared to other states and Washington, D.C., Florida is in the cheaper half, ranking 29th overall.

The most expensive states are Michigan and Louisiana at $2,541 and $2,453, respectively. The best bargains: Vermont and South Carolina at $995 and $1,095, respectively.

Insure.com found that a consumer's driving record is not always the biggest factor in determining rates. Other factors looming large are the percentage of uninsured motorists in a given state, weather and various state insurance laws.

Michigan drivers, for instance, pay the price for living in the only state that guarantees unlimited personal injury protection payments by law. Vermont drivers, in contrast, benefit from a low level of traffic congestion and a large number of competing insurers.

Florida auto insurance cheaper than average, survey finds 03/14/11 [Last modified: Monday, March 14, 2011 5:55pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. 'Toxic' times: How repeal of Florida's tax on services reverberates, 30 years later

    State Roundup

    TALLAHASSEE — Long before Hurricane Irma attacked Florida, the state faced a troubled fiscal future that the storm will only make worse.

    Robertson says the tax debate is now “toxic.”
  2. Fewer Tampa Bay homeowners are underwater on their mortgages

    Real Estate

    The percentage of Tampa Bay homeowners underwater on their mortgages continues to drop. In the second quarter of this year, 10.2 percent of borrowers had negative equity compared to nearly 15 percent in the same period a year ago, CoreLogic reported Thursday. Nationally, 5.4 percent of all mortgaged homes were …

    The percentage of Tampa Bay homeowners underwater on their mortgages  continues to drop. [Times file photo]
  3. 'What Happened'? Clinton memoir sold 300,000 copies in first week

    Blogs

    Despite being met with decidedly mixed reviews, What Happened, Hillary Clinton's new memoir about the 2016 presidential campaign, sold a whopping 300,000 copies in its first week.

    The new memoir by former presidential candidate Hillary Clinton sold 300,000 copies in its first week.
  4. After Irma topples tree, home sale may be gone with the wind

    Real Estate

    ST. PETERSBURG — To house hunters searching online, the home for sale in St. Petersburg's Shore Acres neighborhood couldn't have looked more appealing — fully renovated and shaded by the leafy canopy of a magnificent ficus benjamini tree.

    Hurricane Irma's winds recently blew over a large ficus tree, left, in the yard of a home at 3601Alabama Ave NE, right, in Shore Acres which is owned by Brett Schroder who is trying to sell the house.
[SCOTT KEELER   |   Times]

  5. Unemployment claims double in Florida after Hurricane Irma

    Business

    The number of Americans seeking unemployment benefits dropped by 23,000 last week to 259,000 as the economic impact of Hurricane Harvey began to fade.

    Homes destroyed by Hurricane Irma on Big Pine Key last week. Hurricane Irma continued to have an impact on the job market in Florida, where unemployment claims more than doubled from the previous week.
[The New York Times file photo]