It’s hard to say whether you’ll save money on your car insurance or not. Car insurance rates vary by state and location so moving to Florida might make your rates go up or they might go down. You might even find the coverage options are different here than they were in the state you came from and you may be required to purchase additional coverage or less coverage than you had before. The best way to know for sure is to talk to an independent agent here in Florida.
Can I avoid a coverage gap when I move?
It is illegal here in Florida to drive without car insurance so if you are transferring, you need to leave your old insurance policy in place until it’s replaced by a new insurance policy here in Florida. Driving without coverage isn’t just illegal, it can also lead to increased rates. Here are ways to ensure that the new policy is in effect:
1) Confirm with the insurance agent that your old policy has an official cancellation date.
2) Confirm the new insurance coverage start date with your new insurance agent here in Florida.
3) Get new insurance ID cards from your provider.
What Effects Car Insurance Rates When I Move to Florida?
1) Requirements in State Insurance
Every state has insurance requirements that determine the minimums and coverages needed on your policy. These can give impact on the insurance's overall cost. Moving to a new state that has lower requirements in auto insurance can help save money, but it can put you at risk for financial loss and lawsuits.
2) New Zip Code
Aside from the state requirements, zip codes may also affect the money you pay for auto insurance. They can help carriers adjust for the risk factors like natural disasters, crime rates, and traffic.
3) Changes in Life
A lot may change in your daily routine when you move. Be aware if there are variations in the driving habits of you and the policy members so you can inform your insurer and make adjustments. These are the major life changes:
- Getting a new home
- Buying a new vehicle
- Adding drivers to your policy
- Changes in your usual mileage
In order to be fully safe prior to moving to Florida, we recommend reaching out to an independent insurance agency one week before you plan to arrive to discuss the process and make sure you’ll be ready to get your new insurance at the right time.
Here at American Trust Insurance we help people moving to Florida and Miami every day with their car insurance. To learn more about how we can help you make this move as easy and affordable as possible please contact our agency at 877-279-9210 or Click Here to request a free quote.