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Pursuing the Cheapest Car Insurance in Florida? Here are 4 Potential Pitfalls


the state of Florida, on a magnet

Choosing the cheapest car insurance in Florida can be very tempting. However, an issue that I see quite frequently when my team and I are discussing coverage options with my clients is that the cheapest car insurance option isn't always the best. It reminds me of the old adage that "if something is cheap, it is cheap for a reason".


Don't get me wrong; I understand the allure to cheap insurance. Times are tough, and insurance is expensive. According to Bankrate.com, the average cost of car insurance in the state of Florida is $3,138 per year for full coverage and $1,128 per year for minimum coverage. Because no one wants to spend a small fortune on insurance in the short term, many drivers opt for the cheapest car insurance available without fully understanding the implications of minimal coverage. In fact, in Florida the minimum required coverage might not be sufficient to cover a serious accident, and this can lead to financial strain and potential legal issues if the worst ever was to happen.


I want to highlight 4 items that my team and I frequently discuss when we are interacting with our Allstate Insurance clients. I strongly suggest you consider these things before selecting an auto insurance provider in Florida solely because they give you the cheapest quote...


1. Insufficient Coverage

While the initial cost of the cheapest car insurance might seem attractive, it often comes at the expense of coverage. In Florida, where hurricanes, floods, and other natural disasters are common, having comprehensive coverage is crucial. The minimum required coverage might not protect you adequately in the face of these unforeseen events.


2. High Deductibles

Cheaper insurance policies frequently come with higher deductibles. A deductible is the amount you must pay out of pocket before your insurance coverage kicks in. Opting for the lowest premium might mean agreeing to a higher deductible, leaving you with a significant financial burden in the event of a claim.


3. Poor Customer Service

Discount insurers may also compromise on customer service quality. When you need to file a claim or seek assistance, having a reliable and responsive insurance provider is invaluable. Cheaper options might not prioritize customer satisfaction, leading to frustration and delays when you need support the most.


Owen Insurance Agency Logo

I want to speak specifically for my agency, Owen Insurance Agency, on this point. My goal is that every time you contact us, whether it is for a quote or to discuss your coverage, that you experience world-class customer service from every member of my team.


4. Limited Additional Benefits

Beyond the basic coverage, more comprehensive policies often come with additional benefits such as roadside assistance, rental car coverage, and even coverage for personal belongings in the car. Cheaper options may lack these added perks, leaving you without essential support during difficult times.


Conclusion

roadway at night

Florida has over 275,000 miles of roadway that stretch from the Florida-Georgia line all the way down to Key West. I know that you want to drive across Florida with as much money in your pocket as possible. However, we are surrounded by unexpected auto accidents and events every day, and you want to make sure that you and your loved ones will be protected every mile of the way.


Investing in quality insurance can provide peace of mind and financial security that the cheapest option might not offer. If we can help at the Owen Insurance Agency, reach out and let us know!

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