Floirda Insurance Home, Auto, Business, Health Insurance blogs

3Feb/120

Auto Insurance Lakeland, Fl.

Auto Insurance Lakeland, Fl.

When selecting your auto insurance policy and company, there are several factors to take into consideration. Full Cover Insurance has the ability to offer many different coverage plans from various companies to best suit your individual needs. With our list of important factors used to compare insurance companies, you’ll have the tools you need to begin your search for auto insurance in Lakeland, Fl.

5.  Credit & Driving History

Credit plays a big role in your insurance rates, as well as your driving record. Statistically, people with low credit ratings are more likely to file a claim. Insurance companies are aware of this and raise their rates for customers they view as high-risk.  If you have good credit, it gives you a huge advantage when buying auto insurance. People with high credit scores usually get lower rates and premiums for auto insurance in Lakeland, Fl. If you do have poor credit, there’s still hope! If you know your policy will soon be up for renewal, take some time to try and clean up your credit report. Paying bills on time, paying off balances on credit cards, and looking into getting any discrepancies cleared from your report are all good ways to bring up your credit score. Your driving record also plays a big part in receiving better insurance rates. Accidents do happen, but you can try to avoid them as much as possible by adhering to speed limits and other laws that apply to automobile drivers. Just one ticket or wreck can cause a spike in your insurance rates, so drive with caution!

4. Know Your State Laws & What Type of Coverage You Need

Florida requires that automobile drivers carry Personal Injury Protection coverage. This coverage will pay for your medical expenses and lost wages if an auto accident does occur. Liability insurance is what pays for bodily injury and property damage that you could potentially cause another driver. Your insurance minimums are determined by state, but for some people it is in their best interest to carry more than required by law. It is also important to know what options you would like your insurance to cover. In the event of an accident, do you need rental car coverage? If you have a leased car, you more than likely will need gap insurance. Gap insurance pays the difference between what your insurer pays and what you are left owing on your lease if your car is totaled. When choosing insurance, it is important to go over all of these details in depth with your local agent.

3. Know Your Vehicle

If your car was totaled in an accident, could you pay to replace it? If the answer is no, you will want to carry comprehensive and collision coverage. Most people base the decision to carry comprehensive and collision off of the value of their car. If your car is less than 2,000, it won’t be worth carrying the comprehensive and collision. If you own a car that costs 20,000 for example,  it would be more than worth it to pay an extra 100.00 yearly to make sure your car will be replaced if you get into a bad automobile accident. Anti-theft devices and anti lock brakes are also factors that can help reduce your auto insurance rates.

2.  Determining Which Discounts You are Eligible For

Most auto insurance discounts are fairly modest, but if you qualify for more than one, they can really start to add up! Our agents at Full Cover Insurance would be more than happy to help you determine which discounts you may be eligible for. Examples of some auto insurance discounts are:

  • Organizations : Such as, AAA or AARP. Lots of organizations like these provide auto insurance discounts to members.
  • Mileage: A lot of insurance companies will give you a discount for driving your car less than a certain amount of miles on a regular basis.
  • Combined Coverage: If you insure multiple vehicles or your home, you may qualify for a combined coverage discount.
  • Renewal: If you have carried insurance, without any lapses, for a long amount of time, you may qualify for a renewal discount. Making sure your auto coverage doesn’t lapse is another crucial part in keeping down your overall cost of insurance.

1. Understanding and Comparing Coverage

It may seem like a no brainer, but knowing what you pay for car insurance and exactly what coverage you’re getting is crucial. Understanding your current insurance rates and comparing them to your prospective new insurance policy is key to making sure you don’t pay a higher rate, or even pay a little bit less for a lot less coverage. You can request a comprehensive policy breakdown which shows what you pay and what type of coverage you’re provided with from your insurance company. Most people can even obtain this information by looking at your latest auto insurance bill. Starting your search for new auto insurance with this information on hand is vital.

Each company claims to give the best discounts, the most competitive rates, and the most superb customer care.  Full Cover insurance works with various companies to make sure you get the lowest rate and the best coverage. If you’re looking for auto insurance in Lakeland, Fl, stop by and see one of our agents today!