Car insurance is really important in the USA. Many citizens in Florida have been seriously affected by the last natural disaster. Hurricane Helene, which was a category 4 storm, hit Florida on September 26, 2024.
As a result, homes, businesses, and power lines were damaged. Of course, many people lost their cars and others had to get theirs serviced. That is why many Floridians are thinking about getting a premium for full coverage and wonder about car insurance prices.
Car insurance: Average premium for full coverage in Florida
According to Bankrate, the average premium for full coverage is about $4,088 per year in the State of Florida. No doubt natural disasters make prices go real high. Of course, there can be other factors that increase prices too.
For example, the number of drivers in a State, the condition of the roads, the traffic density as well as the cost of living in your area. Not to mention the fact that each State has different minimum insurance requirements.
Just comparing the average premium for full coverage in Florida and the surrounding States, there is a considerable difference in car insurance prices. For example, it is about $2,876 in Georgia and $2,056 in Alabama.
Florida has one of the highest average car insurance costs in the USA
Bankrate claims that one of the reasons for the high prices of car insurance in Florida is due to the high number of drivers who have no insurance. Uninsured drivers can cause a lot of trouble when there is an accident.
What is more, there are many people living in this State so there is a higher traffic density. Since there are more people and more drivers, there are more chances to have an accident.
Therefore, car insurance prices keep increasing. Another factor that affects the price of car insurance in Florida is the high fatal accident rate. Hurricanes are also to blame. There was one in September, and there could be a new one soon.