Homestead Car Insurance

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

The small city of Homestead, FL is a suburb of Miami. As such, the traffic on the roads can sometimes become quite congested with traffic, particularly along the Ronald Reagan Turnpike, U.S. Route 1 and Florida State Road 997. Of course, accidents can happen anywhere, from major highways to residential roads, so having a suitable Homestead auto insurance policy is very important. 

Finding top quality insurance at an affordable price is easy when you work with an independent insurance agent in the Trusted Choice® network. These agents can explain your various coverage options and answer your insurance-related questions. They can then contact insurance companies and provide you with a selection of competitively priced Homestead car insurance quotes to review and compare. Find a Trusted Choice agent near you to learn more.

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

Auto insurance rates in Florida are considerably higher than the national average. However, the average rates mentioned above should just give you an idea of what your costs might be. Actual rates are likely to vary significantly from one person to the next because they are calculated using several different variables. When deciding on the cost of your Homestead car insurance premiums, insurance companies will consider these factors:

  • The make, model and year of the vehicle(s) you wish to insure
  • The age, sex and marital status of the drivers in your household
  • The driving records and claims histories of the drivers in your household
  • Your ZIP code
  • The amount of liability coverage you wish to purchase
  • The deductible amount you are requesting

Every insurance has its own proprietary way of calculating risk and determining rates, so comparison shopping puts you at an advantage by enabling you to choose the Homestead car insurance policy that offers the best value for your money.

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 state of Florida requires vehicle owners to carry auto insurance that meets or exceeds these state-mandated minimums. Minimum liability coverage amounts for drivers who have been convicted of a DUI are much higher at 100/300/50. People who have been convicted with certain other driving violations also face higher liability requirements.

For most drivers in Florida, though, the state has some of the lowest liability requirements in the country. Unfortunately, with the rapidly increasing cost of medical care, these minimums may not be sufficient to fully cover you in the event of an accident – especially if the accident involves injuries that need excessive medical care. If you have a lot to lose, you can safeguard your assets by buying Homestead car insurance with higher liability limits than the state requires. Your Trusted Choice agent can help you determine how much coverage is ideal for your situation.

Number of Uninsured Motorists in Florida

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

Driving without insurance in Florida is illegal and has consequences. If you are caught, you face suspension of your driver’s license, license plates and registration until such time that proof of insurance can be produced and you pay a fine of between $150 and $500. Despite this, Florida has the second highest rate of uninsured drivers in the country, with more than one of every five drivers breaking the law.

If an uninsured or a hit-and-run driver is responsible for a collision that causes you property damage or injuries, you may find it extremely difficult, if not impossible, to collect reimbursement for your losses, unless, that is, your Homestead auto insurance policy includes uninsured motorist coverage. In this case, your insurance company covers your damage and then attempts to collect funds from the offending driver on its own behalf.

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 the state of Florida is lower than the national average; but in Homestead, the rate is high. In 2013, there were 324 auto thefts reported in this city. That equates to about 7.16 car thefts per 1,000 vehicles – more than twice the national average.

If your car is stolen or damaged by vandals, you can only get compensation from your insurance company if your Homestead auto insurance policy includes comprehensive insurance. This insurance also covers damage caused by other noncollision events, such as floods, flying debris, falling objects and noncollision fires. If you are still paying for your vehicle, you probably have comprehensive insurance already because most lenders require it until the loan is paid off.

Find a Homestead Car Insurance Policy

As the owner of a vehicle, you are required to carry auto insurance, but you are not required to pay too much for it. If you are looking for a reasonably priced Homestead auto insurance policy that will provide the right amount of coverage for you and your family, it is to your benefit to work with an independent agent in the Trusted Choice network. These agents are not tied to a single insurance provider, so they are free to shop around for affordable policies that you can compare and choose from.

There are several Trusted Choice agents located throughout the state of Florida, and some have offices in and near the city of Homestead. Find an agent near you to learn more about your coverage options, and discover how much money you can save by comparing Homestead car insurance quotes.

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