Cheap car insurance is not hard to find. Many car insurance companies offer value for money. The Progressive Insurance Group, established in 2000, is one of the reputed Insurance groups that offer car insurance policies in the Tampa region. Not only Progressive, there are many independent agents operating in Florida who offer cheap car insurance at affordable premium rates, sometimes better than the restructured groups.
Way To Find Cheap vehicle Insurance
The premium rate for cheap vehicle insurance varies significantly from one insurance company to another. So, in order to get the best deal, you need to compare rates from different companies. There are many online comparison websites for the purpose. There you may get quotes from 'A' rated companies and can also obtain advice from insurance agents.
The average premium rate for cheap vehicle insurance in US is $ 1,790. Some of us have the opinion that the premium rates are jointly fixed by the state and the insurance companies. However, this is not the case. You can always shop around for cheaper rates. Insurance companies have several policies at their disposal to segment customers. Your premium rates for a cheap car insurance may significantly differ from someone else's, although the policies are bought from the same insurance company.
Authorities in Florida take car insurance seriously. Every person, irrespective of rank should be able to avail cheap car insurance. The role played by independent agents and online comparison websites is highly important in this matter.
Minimum Auto Insurance Requirements
There are governmental regulations that stipulate the minimum amount of auto insurance coverage that you need to take. You need to go for coverage of at least $ 10,000 for bodily injuries for one person. This is the maximum amount payable when you injure or kill someone in an auto accident. This is also applicable if someone else is driving your car with your permission. This amount is extensible up to $ 20,000 for injury liability coverage for everyone. This applies to everyone you kill or injure in an accident.
The minimum property damage liability coverage is $ 10,000. This is the amount your insurance company will pay when someone else's vehicle is damaged in an auto accident. You need to opt for Personal Injury Protection that pays your medical expenses and your passenger's medical expenses as well in case of an accident.
These are the minimum insurance requirements you need to abide. Beside opting for cheap car insurance, you may also like to climb up the scale to include Collision and Comprehensive Coverage. Collision Coverage pays for the repair cost of your car in case of an accident. The Comprehensive Coverage pays for repairs to your car caused due to multiple factors like theft, fire, riot, vandalism, and nature's fury.