Hollywood Car Insurance

Everything You Need to Know About Car Insurance in Hollywood, FL

Located between Miami and Fort Lauderdale, the city of Hollywood, FL has experienced a significant amount of traffic. The roadways can often become quite congested with cars – particularly along Interstate 95, Pines Boulevard, Sheridan Street and U.S. routes 1 and 441. This extra traffic can increase your risk of being in a car accident. Of course, accidents are not limited to major roadways; they can happen in parking lots and on residential streets as well. That is why it is so important that you carry a Hollywood auto insurance policy that meets or exceeds the state-mandated requirements.

Car insurance is required of vehicle owners in Hollywood, but overpaying for it is not. A local independent agent in the Trusted Choice® network can help you find the right policy. Because they are free to work with several insurance companies, these agents can provide you with a selection of competitively priced policies that have been customized to fit your coverage and budgetary needs. Find an agent near you to learn more, and discover how much money you can save by comparing Hollywood car insurance quotes.

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

Regrettably, for those looking to buy a Hollywood car insurance policy, Florida drivers pay some of the highest car insurance rates in the country. This is due in large part to the high number of vehicular accidents in this state. Of course, your actual rates are likely to differ from the numbers shown above because insurance companies calculate costs according to several different variables. These may include such things as the following:

  • Your ZIP code
  • The make, model and year of the car(s) you are insuring
  • The age, sex, marital status and driving records of the drivers in your household
  • The approximate number of miles you drive each month
  • Your claims history and credit score
  • The amount of liability coverage you wish to purchase
  • Your desire to include comprehensive coverage, uninsured motorist coverage or any other optional coverage
  • The size of your deductible
  • Your bundling selection, i.e., whether you will be bundling your coverage with other policies, such as home or renters insurance

Because so many different considerations go into calculating your Hollywood auto insurance rates, you are very likely to get a completely different quote from each insurance provider that you contact. That is how comparison shopping helps 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

The rates listed above pertain to most drivers. However, Florida drivers who have been convicted of a DUI are assessed much higher liability minimum requirements of 100/300/50, and drivers convicted of certain other driving violations may see increased minimum requirements as well.

Florida has some of the lowest liability coverage requirements in the country. If you carry only the minimum coverage and are responsible for a serious collision, your financial responsibilities are very likely to exceed these low coverage amounts. For that reason, it may be a very good idea to purchase coverage in amounts that exceed these minimums, particularly if you have assets you wish to protect.

Number of Uninsured Motorists in Florida

  • Number of uninsured U.S. drivers: 12.6%
  • Number of uninsured Florida drivers: 23.8%

Failure to carry insurance that meets Florida’s state-mandated requirements can result in the suspension of your license plates, registration and driver’s license until you provide proof of insurance and pay a fine that can range from $150 and $500.

Despite this, the state of Florida has the second highest rate of uninsured drivers in the county. This puts you at risk because if one of these drivers is responsible for a collision with your vehicle, it may be difficult or impossible to receive compensation for your property damage or needed medical treatments. Unless, that is, you include the optional uninsured motorist coverage with your Hollywood auto insurance. In that case, your insurance company covers your damage and then attempts to collect reimbursement from the offending driver on its own. This insurance also covers damage in 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 it is higher in Hollywood. In 2013, there were 572 car thefts reported in this city. That equates to about 3.90 thefts per 1,000 cars – well above the national rate.

You can protect yourself against losses related to property crimes, like theft and vandalism, by supplementing your Hollywood car insurance policy with comprehensive, or “other than collision,” insurance. This optional insurance offering compensates you if your car is lost or damaged because of any number of noncollision-related catastrophes. These include such things as property crimes, falling objects, floods, sink-holes and fires.

Find a Great Hollywood Car Insurance Policy

When you are shopping for Hollywood car insurance, you will want to be sure that you are looking at policies from trustworthy providers and that these insurers are offering you coverage at a reasonable rate. Comparison shopping may help you find the most affordable policy, but many people avoid this important step because they find it to be too time-consuming or inconvenient to bother with.

That is why it is beneficial to enlist the help a local independent insurance agent in the Trusted Choice network. These agents make it easy to gather, review and compare rates. They have relationships with a number of highly rated insurance companies, so they can quickly present you with a variety of Hollywood auto insurance quotes for policies that have been customized to meet your specific coverage needs. Find a Trusted Choice Agent with an office in or near Hollywood to get started.

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