Daytona Beach Car Insurance

Everything You Need To Know About Car Insurance in Daytona Beach, FL

Daytona Beach, FL is a popular vacation destination, with a lot of drivers in and around the area roadways. Many of these drivers are out-of-towners who may not be familiar with the roadways, and some are aggressive drivers who make reckless decisions after partying at any of the area’s popular nightclubs. As a vehicle owner, you are at risk of financial damage if you are involved in a collision. Daytona Beach auto insurance can protect your finances by providing coverage against a number of hazards you may face.

Car insurance is required of vehicle owners in Daytona Beach, but overpaying for it is not. Independent insurance agents in the Trusted Choice® network can help you find a selection of affordable Daytona Beach car insurance policies that have been customized to fit your coverage and budgetary needs. Find an agent near you to learn more so you can soon start comparing policies and quotes from a variety of reputable insurers.

  • National average cost per year: $1,311
  • Florida average cost per year: $1,742
  • 5th most expensive auto premium in the U.S.

Unfortunately for those looking to buy a Daytona Beach car insurance policy, the average cost of car insurance in Florida is significantly higher than the national average. This is due largely to the high number of collisions in this state. Of course, your actual rates are likely to differ from the numbers shown above because your rates are calculated based on several different considerations. These include but are not limited to the following:

  • The ZIP code where you live and park your car
  • The make, model and year of the car(s) you are insuring
  • The history of claims on your car, i.e., your claims history, and your credit score
  • The age, sex, marital status and driving records of all drivers in your household
  • The amount of coverage you are purchasing
  • The amount of your deductible

Because so many different factors are taken into account when calculating your Daytona Beach auto insurance rates, you are likely to get several different quotes. That is why comparison shopping can help you find the best price for your policy.

Florida Car Insurance Requirements

  • Bodily injury liability: required
  • Property damage liability: required
  • Personal injury protection (PIP): required
  • Uninsured motorist coverage: not required
  • Minimum liability limits: 10/20/10; Coverage up to $20,000 for all persons injured in an accident, subject to a limit of $10,000 for one individual, and $10,000 coverage for property damage

Failure to carry insurance that meets these requirements can result in the suspension of your plates, registration and driver’s license until you can provide proof of insurance and play a fine of between $150 and $500.

Florida has some of the lowest minimum coverage requirements in the country, which can keep costs low. However, if you are responsible for a major collision that results in significant injuries requiring extensive medical care, you could be responsible for damage that greatly exceeds these minimum coverage amounts. For that reason, it might be a good idea to purchase coverage that exceeds these mandated requirements.

Also be aware that drivers who have been convicted of a DUI will have much higher liability minimum requirements of 100/300/50, and motorists with other major driving violations will also have minimum requirements that are greater than the requirements for most.

Number of Uninsured Motorists in Florida

  • Number of uninsured U.S. drivers: 12.6%
  • Number of uninsured Florida drivers: 23.80%

The state of Florida has the second highest rate of uninsured drivers in the county. When nearly one in four drivers sharing the roadways with you is uninsured, this puts you at risk. This is because if an uninsured driver is responsible for a collision, that driver will be required to cover your property damage and medical treatment, if needed. Unfortunately, this fund can be difficult, if not impossible, to collect.

The good news is that by adding uninsured motorist coverage to your Daytona Beach auto insurance policy, you will be able to collect compensation easily. This is because your insurance company covers your costs and goes after the uninsured driver on their own. This insurance also covers collisions with hit-and-run drivers.

Number of Auto Thefts in Florida

  • National number of thefts per 1,000 vehicles: 2.94
  • Florida number of thefts per 1,000 vehicles: 2.48

The rate of car theft in Florida is lower than the national average, but the risk is high in Daytona Beach. In 2013, there were 367 car thefts reported in this city. That equates to about 5.88 thefts per 1,000 vehicles – nearly twice the national average. These high rates of car theft can influence your insurance rates.

You can protect your finances by supplementing your Daytona Beach car insurance policy with comprehensive, or “other than collision,” insurance. This insurance compensates you if your car is stolen or damaged due to a property crime. The insurance also provides coverage if your car is damaged by other noncollision catastrophes such as by falling objects or floods.

Find a Great Daytona Beach Car Insurance Policy

When you are shopping for Daytona Beach auto insurance, you will want to be sure that you are not only purchasing a policy from a trustworthy company but also that you are getting your coverage at a reasonable rate. Comparison shopping can help you find the most affordable policy, but it can be time-consuming and exasperating when you do it on your own.

That is why it is beneficial to enlist the help of an independent insurance agent in the Trusted Choice network. These agents make collecting and comparing rates easy. They have relationships with a number of dependable insurance companies so they can quickly and easily gather a variety of Daytona Beach auto insurance quotes for policies that are customized to meet your coverage needs. Find a Trusted Choice agent with an office in the Daytona Beach area to get started.

Now, who's ready to get their insurance problems solved?