"Rising Car Insurance Costs: The Florida Perspective"

1 min read
Source: NBC 6 South Florida
"Rising Car Insurance Costs: The Florida Perspective"
Photo: NBC 6 South Florida
TL;DR Summary

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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