A New Article on the Insurance coverage Panda Web site Explains Why Drivers in The Sunshine State Usually Have Excessive Charges on their Auto Insurance coverage
NEW YORK, NY / ACCESSWIRE / July 27, 2020 / The founders of Insurance coverage Panda, a number one automotive insurance coverage quote comparability engine, are happy to announce that they’ve posted an article to their web site that solutions a quite common query: Why is Florida automotive insurance coverage so costly?
To learn the brand new article in its entirety, please go to https://www.insurancepanda.com/3749/why-is-car-insurance-so-expensive-in-florida/.
Because the article famous, individuals who really feel that it’s usually very costly to insure a automotive in Florida aren’t imagining issues. Florida is often listed as one of many high 5 or 10 states in America for automotive insurance coverage prices.
On common, the article famous, drivers in The Sunshine State pay about $1,650 per 12 months for automotive insurance coverage. As a comparability, the nationwide common is about $1,325 yearly.
As for why Florida drivers pay extra for his or her automotive insurance coverage, the article famous that one of many foremost causes is that the state requires drivers to have Private Harm Safety, or PIP.
“Roughly 20 % of your auto insurance coverage coverage in Florida can go in direction of PIP protection,” the article famous, including that some drivers pay as a lot as $2,000 per 12 months for PIP protection alone.
Another excuse Florida automotive insurance coverage may be so expensive is that the state has among the lowest required protection limits in the US. Whereas this may seem to be it will trigger automotive insurance coverage prices to be decrease, it really finally ends up growing the costs for individuals who need protection of $300,000 to $500,000 or who need to pay for underinsured motorist protection.
As well as, the article identified, Florida drivers pay extra for automotive insurance coverage as a result of they are typically extra litigious than in different elements of the nation.
“Florida drivers usually tend to search compensation through a lawsuit, which drives up prices for insurers,” the article famous, including that Florida drivers who want to save as a lot cash as attainable on their automotive insurance coverage ought to evaluate quotes with as many insurance coverage firms as they will.
About Insurance coverage Panda:
Insurance coverage Panda is among the high auto insurance coverage quote comparability companies in the US. In enterprise since 2012, Insurance coverage Panda has helped numerous drivers throughout the US save on their auto insurance coverage charges. Drivers who’re in search of cheaper auto insurance coverage can get a free quote at present from https://www.insurancepanda.com/.
SOURCE: Insurance coverage Panda
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