"Rising Car Insurance Costs: The Florida Perspective"
TL;DR
Car insurance premiums in Florida have increased significantly, with the average annual full coverage premium reaching $3,941 in January 2024, 55% higher than the national average. Many residents are experiencing rising premiums despite having no recent accidents or tickets. To save money, insurance agents recommend considering raising deductibles, seeking additional discounts, and signing up for in-vehicle monitoring programs. There is hope for rate reductions in the future due to tort reform changes, but for now, Florida drivers are advised to be patient.
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- Car Insurance Has Increased By 20 Percent In The Past Year GM Authority
- The insurance on my 2012 Mazda went up 72% to $233 a month!' Daily Mail
- Paying more for car insurance? You’re not alone ABC10
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Read on NBC 6 South Florida