Auto Insurance Miami Florida FL
Reader’s Question:
This is so weird. We just received our new auto insurance policy in Miami Florida. We have not changed or added any drivers or vehicles. Our driving records are flawless but, our premium rate has increased. What’s that about? Thanks,
Amos
Miami, FL
Hello Amos,
Sorry about that! Auto insurance rates are about exposure. There are certain factors that drive auto insurance rates in Miami FLorida. In today’s economy, these influential costs keep rising. Auto insurers are ever aware of increasing costs of medical treatments to accident victims.
Additionally, costs of auto repairs continue to rise in Florida causing the auto insurance carriers to raise their premiums. Even with a clean record, this affects your rates. Add inflation to the mix and increase would therefore be certain for your premium rates in FL.
Meanwhile, adjustment costs and legal fees are not getting any lower. Auto insurers in Miami FL pass these increased fees along to their subscribers.
Unfortunately, the number of uninsured auto operators has increased over the past five years. This has nothing to do with your driving history, but it does increase your auto insurance company’s exposure. Sorry to report that these irresponsible operators cause your premiums to increase. It sounds like you should contact your auto insurance agent and make sure that your history does not entitle you to a safe driving discount. It can’t hurt. Good luck!
Tags: auto insurance, car insurance