What to Do When Your Auto Insurance Rates Rise

Insurance rates are an added expense to our annual or monthly outgoings that we would all prefer to be without.  But, apart from the fact that some types of insurance are a legal requirement here in the state of Florida, insurance coverage also offers you financial compensation and additional assistance in times when you need it most.

Because of the overall benefits of insurance coverage across our homes, our cars, our healthcare, and even our own livelihoods, we begrudgingly suffer the expense of insurance rates throughout our adult lives.

When rates rise unnecessarily though, this can feel like an insult to injury, and a needless attack on our already overstretched finances.  Over the last five years, the state of Florida has seen particularly dramatic increases in Auto Insurance policies for example, and as a state that loves the open road, these rises have hit hard.

If you want to keep motoring, but without suffering from high rate rises for your auto insurance, try these top tips to keep your rates reasonable come renewal time:

Switch Your Insurance Provider

Just because you have been with your insurer a long time, it doesn’t mean they are still offering the most competitive rate for you or rewarding your business. According to Nielsen survey data, only 25% of Floridians with auto policies have shopped for new insurance in the past three years. The 75% of policyholders that didn’t shop around, may have unquestionable just accepted any rate rise their insurance provider throws at them.

As your policy renewal date draws close, take the time to request new quotes online, speak to insurance providers directly or ask a knowledgeable insurance agent to find the best deal for your next annual cover.

Adjust Your Limits

Different kinds of auto insurance offer varying degrees of cover.  Depending on the age, make and value of your car, you may be paying for coverage that you don’t need without even knowing it.

For example, a 10-year-old car that is only worth $3,000, does not need to have comprehensive or collision insurance. The cost of the insurance will outpace the value of the vehicle over five years, making it not worth the price. Cutting out this kind of coverage plans from your insurance can literally cut your premium in half.  This is something that your agent will be able to advise you on if you are unsure of what coverage works best for you at any given time.

Apply for Car Insurance Discounts

All insurance companies like safe, well-qualified drivers and are usually more than happy to offer discounts for those that go the extra mile to remain safe on the roads.  Completing a defensive driving course, for example, can save you 5% to 10% on your premium. Student discounts, family driver discounts and even discounts for mature drivers are just some of the ways you could save on your car insurance in Florida.

Prevent Rates Rises with The Sena Group

Speak to our friendly and helpful insurance agents at The Sena Group to find out how we can help to keep your rates low.  Call us today at 561-391-4661.

For more information about how The Sena Group can help you with any

of your insurance needs, please contact us at 561-391-4661.

We can be found on Social Media at the following links.

The Sena Group
6501 Congress Ave., Ste. 100
Boca Raton, FL 33487