DUI In Florida

Reader’s Question:

How come they say that the type of car that I drive here in Florida can affect my car insurance rates? If I drive an older model, less valuable car, will I be able to save on my insurance?

LaMarcus

Orlando, FL

The Highway Loss Data Institute usually records information about accidents data for the most types of vehicles. A lot of car insurance providers use this kind of information to determine the premiums of your car insurance in Florida. For instance, if the vehicle that you own would cost a lot to repair or replace, the insurance provider would have to spend more in case you get into an accident. On the other hand, if the vehicle you own is exceptionally safe and could protect the passengers very well, the insurance provider won’t have to spend as much if you get into an accident.

Also, if you drive an older model, less-valuable car, you can definitely save on your car insurance premiums. This type of vehicle is less likely to be stolen, so the insurance provider won’t have to spend too much to replace it. In addition, older model vehicles will not cost too much to repair in the event of an accident. Another reason is that you may opt to drop the comprehensive and collision coverage on your car insurance policy since you are driving a less valuable vehicle, thus saving you some money. It won’t probably make sense to pay extra for these types of coverage because you may pay more for that coverage than to replace or repair your car.

Tags: car insurance, car insurance premium, car insurance rates, cheap auto insurance