There are a lot of vehicles on the road in Florida, and some would say there are a lot of bad drivers too. We’re not here to discuss the quality of motorists in our fair state, but we are here to discuss why car insurance in Maitland, FL, and across the region is so expensive. We know the reasons at Mike Elliott Insurance Agency, Inc., and we’ll list them here.
One main factor is we have mandatory Personal Injury Protection (PIP) insurance, making it illegal for motorists to drive without it. Having PIP on top of regular car insurance increases costs.
All you need to do is look around the roads, and you can easily picture another reason – car accidents. There are plenty of them, so risks are higher and insurance rates are increased as well.
Having the third-largest state population in the US equals many drivers packed into cities and towns. That leads to people in certain densely populated areas paying higher rates.
We have low required coverage. Although you would think this means lower rates, if you are looking for more protection than the bare minimum, you will pay a lot more.
And finally, there are a lot of lawsuits resulting from collisions. Those suits lead to increased costs for insurers and drivers across the state.