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HOW TO SAVE MONEY ON AUTO INSURANCE

THERE ARE MANY FACTORS WHICH WILL AFFECT THE PRICE OF YOUR FLORIDA AUTO INSURANCE POLICY , SO THAT MEANS THERE ARE OPTIONS AVAILABLE TO YOU WHICH CAN RAISE OR LOWER YOUR PREMIUM. THE ONLY REQUIREMENT THAT THE STATE OF FLORIDA HAS IS THAT YOU CARRY A BASIC PIP (PERSONAL INJURY PROTECTION) AND 10/20/10 ( 10,000 PER PERSON LIABILITY- 20,000 PER OCCURENCE LIABILITY- 10,000 PROPERTY DAMAGE COVERAGE ). SEE THE EXPLANATION OF TERMS PAGE FOR EXPLANATIONS OF THESE TERMS. AFTER THOSE MINIMUMS HAVE BEEN MET, IT IS UP TO THE INDIVIDUAL TO PICK AND CHOOSE THE COVERAGE THAT IS RIGHT FOR THEIR SITUATION.

IN ADDITION TO YOUR DRIVIG RECORD ( ACCIDENTS AND VIOLATIONS USUALLY STAY ON YOUR RECORD FOR 36 MONTHS), TWO OF THE MOST IMPORTANT ITEMS THAT EFFECT YOUR PREMIUM ARE YOUR CREDIT AND PRIOR INSURACE.

ALL STANDARD INSURANCE COMPANIES AND MANY NON-STANDARD COMPANIES REQUIRE YOUR SOCIAL SECURITY NUMBER AND RUN YOUR CREDIT. A GOOD CREDIT SCORE CAN SAVE YOU HUNDREDS OF PREMIUM DOLLARS EVERY RENEWAL.

PRIOR INSURANCE IS ALSO IMPORTANT. IF YOU LET YOUR COVERAGE LAPSE (EXPIRE WITHOUT GETTING NEW COVERAGE), IT WILL COST YOU QUITE A BIT MORE, AT LEAST IN THE SHORT TERM, TO GET NEW COVERAGE. WHATEVER YOU DO, DO NOT LET YOUR COVERAGE LAPSE. EVEN 1 DAY WITHOUT INSURANCE CAN COST YOU A LOT.

OPTIONS THAT CAN SAVE MONEY :

1) DEDUCTIBLES -- ON COLLISION AND COMPREHESIVE - YOU CAN CHOOSE FROM ZERO TO $ 1000 OR MORE. THE DEDUCTIBLE YOU CHOOSE IS THE AMOUNT YOU WILL PAY BEFORE THE INSURANCE KICKS IN. THE GREATER THE DEDUCTIBLE, THE LOWER THE PREMIUM. CONSIDER HOW MUCH YOU CAN AFFORD TO SELF-INSURE AND THE AMOUNT YOU WILL SAVE IN MAKIN YOUR DECISION.

2) COVERAGES -- THE HIGHER THE LIABILITY LIMITS -- THE HIGHER THE PREMIUM. WHEN CONSIDERING YOUR LIMITS, CONSIDER YOUR NET WORTH. IF YOU ARE A HIGH NET WORTH INDIVIDUAL, YOU WILL WANT TO HAVE HIGHER LIMITS, IN ORDER TO PROTECT THOSE ASSETS, IF YOU ARE FOUND LIABLE IN AN ACCIDENT. IF YOU DO NOT HAVE A LOT OF ASSETS, YOU CAN PROBABLY GO WITH SOMEWHAT LOWER LIMITS.