You should expect to pay less for car insurance in Georgia than in Florida.
Auto InsuranceResources by State Personal Finance for College Students Auto insurance costs and requirements vary in Florida and Georgia because states have different laws and auto insurance providers. If you're thinking of moving from Florida to Georgia, or vice versa, you should consider the different requirements for auto insurance coverage in each state. Both States Require Liability for Property Damage, But Georgia Demands Higher Coverage Amount.
One important difference is that Florida requires personal injury protection (PIP) in its minimum auto insurance policies, while Georgia requires liability for bodily injury. MoneyGeek looked at the costs to find the cheapest companies in these two states and the difference between car insurance laws and requirements in Florida vs.
Florida auto insurancelaws require drivers to obtain property damage liability and personal injury protection (PIP). While Georgia auto insurance laws require drivers to obtain property damage and bodily injury liability coverage by person and accident.
Due to a variety of factors, including specific minimum coverage requirements, population density, and frequency of accidents, Florida's auto insurance rates are much more expensive than in other states such as Georgia. Car insurance can also differ because each state follows different car insurance laws. For example, Florida's auto insurance policies are more expensive because it's a no-fault state, meaning that regardless of who caused the accident, drivers file claims with their own auto insurance companies. Georgia, on the other hand, is a tort status, meaning that drivers who are at fault in an accident are responsible for paying the other driver's medical bills, damages, lost wages and any other associated costs.
Although GEICO is the cheapest in both states, Georgia's insurance rates are much higher than in Florida. This shows how rates may vary for the same provider by state. Although GEICO offers the cheapest policies in both states, these rates are for a policy with only the minimum coverage requirements. Depending on your personal needs, you may need more coverage.
It's important to consider factors such as your location, coverage levels, age, driving history, and more when it comes to buying car insurance policies. Make sure you get the best rate for your insurance. Compare quotes from major insurance companies. Florida generally has higher auto insurance rates in most states, and ranks as the fourth most expensive state for auto insurance in the U.S.
There are several factors that affect car insurance rates, so it is impossible to attribute them to a single factor. More expensive states and no-fault states generally require more insurance coverage. As such, the cost of car insurance is higher in Florida, a no-fault state. Florida also has denser roads, accidents and natural disasters than Georgia, contributing to a higher cost of auto insurance.
Car insurance rates not only differ between states but also within cities. Car insurance requirements are the same across the state and therefore don't affect costs. However, densely populated areas such as Florida are more likely to have higher car insurance rates. Drivers moving from Florida to Georgia or vice versa will need to transfer their license and registration.
If you are satisfied with your current policy, you may want to stay with the same insurer. However, your rates and coverage options may change to reflect the requirements of the new state. If you need to look for a new insurer, MoneyGeek gathered resources to help you find the best option, based on your experience as a driver. Use MoneyGeek car insurance calculators for Florida and Georgia The Florida car insurance calculator or the Georgia car insurance calculator from MoneyGeek will quickly estimate how much a policy costs in each state.
Learn more about car insurance for high-risk drivers in Florida and Georgia Discover your options for temporary car insurance in Florida and Georgia Although most policies last a minimum of six months, there are ways to get temporary car insurance in Florida or temporary car insurance in Georgia if only in the state for a short period. If you are a low-income driver, see if Florida or Georgia offers auto insurance programs None of the states offers an auto insurance program for low-income people. But you can save money if you're looking for low-income auto insurance in Florida or low-income auto insurance in Georgia. MoneyGeek answered the most frequently asked questions to help you better understand car insurance in Florida vs.
Both Florida and Georgia require liability for property damage, but Georgia requires a much higher amount of coverage. Perhaps the biggest difference affecting the cost of car insurance in Florida vs. Georgia, is the state of Florida as a no-fault state. The minimum auto insurance requirements by state were obtained from the Department of Motor Vehicles (DMV) of the respective state.
Mark Fitzpatrick is a senior content manager at MoneyGeek who specializes in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts degree and from Johns Hopkins University with a Master of Arts degree. It also includes comprehensive insurance, which pays up to the cash value of your car to repair or replace it for damage due to fire, flood, hail and animal crashes.
Liability limits under full coverage are higher than state minimums, so provide more financial protection. This is why there is a significant price difference. Hurricanes and hailstorms can cause significant damage to vehicles and insurers have to repair or replace those vehicles. While Alaska is known for having poor infrastructure, its low cost of living and low population density help keep car insurance costs relatively low.
In addition, the state has a low population density and temperate weather patterns, which could contribute to relatively affordable car insurance in the state. In that case, insurers may have to base rates for young drivers only on statistics until they establish a driving record, Shepherd said. West Virginians May Spend Less on Their Auto Insurance Due to the State's Low Crime Rate, Low Cost of Living, and Low Number of Licensed Drivers. Getting quotes from multiple insurers every time you need to renew your policy can help you figure out if you're overpaying for the same amount of coverage.
Reasons for high premiums vary, but include a unique insurance system in Michigan, high-density cities, uninsured drivers, and expensive lawsuits. Your driving record, past claims and vehicle model, car insurance companies in Georgia will use these considerations in terms of rates. If you live in a state that is particularly vulnerable to natural disasters, be it hurricanes, floods or fires, your car insurance rates are likely to increase in the coming years. In addition to location-specific factors such as zip code and crime rates, insurers also include personal demographic details about the driver when setting insurance rates.
In the meantime, to get a car insurance policy, you can simply compare buying online, find the best policy for your needs and buy it. Unless you live in New Hampshire, your state needs a minimum amount of personal injury and property damage liability insurance. The next time you are going to buy a car, compare the insurance quotes of the different models beforehand with this in mind. According to the III, approximately 20.4% of drivers in Florida are on the road without coverage, which is one of the highest rates in the country.
A van will always be cheaper to secure than a luxury vehicle loaded with luxury details and a giant engine under the hood. . .