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Why and how to switch your auto insurance policy in Florida

Keep the following observations in mind the next time you choose to switch your auto insurance policy in Florida.

Always keep in mind that you should look for the type of coverage that offers you the best protection, especially in the state of Florida, where, unfortunately, accidents are frequent.

In addition, it is important to note that, in Florida, it is mandatory to have some auto insurance if you own a vehicle. As a minimum requirement, drivers must have personal injury protection insurance and property damage liability insurance.

Generally, reducing expenses is the most frequent reason that drives car owners to change their auto insurance policy in Florida. Other reasons are changes associated with age, health, lifestyle, and driving habits.

Below, we give you some tips that you should follow before switching your auto insurance policy and selecting the one that best meets your needs.

Why switch your auto insurance policy in Florida?

The reasons are diverse, being the economic one the most important. Some of these reasons are:

  • Need to save on premiums.
  • Seek a better service experience.
  • Changes in marital status.
  • Expand the policy by adding a new driver.

Can switching auto insurance policies generate additional costs?

Basically, in Florida, you can switch your auto insurance policy at any time. You can even change it with an open claim.

However, if your current policy is about to expire, it would be prudent to wait until the term of the policy expires. This is because some insurance companies do not reimburse the rest of the policy. In fact, some insurers may even charge you a small cancellation fee.

On the other hand, you could be eligible for a refund for the rest of your policy.

Now, if the benefits of switching auto insurance policies in Florida outweigh the costs, it’s definitely a good idea to consider making the switch.

It is recommended that before you change your existing car insurance policy, you first buy the new policy. Also, to avoid a lapse in coverage, ask for written confirmation that the new policy is active before you cancel. Avoid being fined!

Analyze your current coverage and how much coverage you need

Evaluate, with your insurance company, how much you have paid and analyze the coverage. In addition to the minimum coverage required by Florida’s state, consider whether your current coverage offers everything you need in the event of an unexpected event or accident.

The amount of coverage you require depends on several factors, such as the value of your car, its location, and the coverage required by your leasing company or lender, among others.

We suggest that you contact your insurance agent and clarify all your doubts about switching your auto policy. This way, you’ll understand liability limits and how auto insurance in Florida works.

Remember, there are various ways to save when taking out an auto insurance policy, so don’t forget to discuss this issue with your insurer.

Analyze if you really need to adjust your coverage limits

Ideally, the expenses associated with a car accident can be covered by your policy.

That is, switching to a policy with less coverage may not be the solution. The expenses associated with injuries, lawsuits, and material losses, among others, can lead to financial bankruptcy if you are not properly protected.

How is your driving record?

You must be honest!

Regardless of how you drive, it’s important to discuss your driving record with your insurance advisor so that you can be offered the policy with the proper coverage.

If you have some faults that define you as a high-risk driver, it is essential that your advisor offers you several options. You could find lower rates after committing some type of violation.

Analyze your risks behind the wheel

Evaluate the auto risks in the area where you live, vandalism, aggressive drivers, natural events, etc.

Likewise, analyze the frequency with which you carry passengers, physical impediments, or if you carry valuable objects inside the car.

Some of these situations can increase your premiums, while others can lower them.

Final words

Regardless of the reasons why you want to switch your auto insurance policy in Florida, the first thing you should do is analyze your current situation.

Ask your insurer for the different options offered by the insurance market in Florida and compare the quotes it gives you.

Veneville can help you find just what you need. Whether you’re looking to save money or bolster your coverage.

Finally, remember that price is not the only factor to take into account. Even top-notch customer service that offers quick responses to unexpected situations could make a big difference in your protection.

All our posts are referential

Our policies and their coverage are individual and personalized to each specific situation.

At Veneville Insurance, we’d be happy to offer you multiple insurance options.

Contact us!

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