Auto Insurance Rates in FL Vary Significantly by Zip Code
Brevardtimes.com reported today1 that there are disparities in the premiums being paid by auto insurance based on your zip code in Florida with Miami residents paying up to $2632 and the lowest was reported to be $1043 in Gainseville.
The averages reported are based on insurance for a single 40-year-old male driver of a 2012 Honda Accord with a clean record and good credit who commutes 12 miles to work each day, with policy limits of 100/300/50 ($100,000 for injury liability for one person, $300,000 for all injuries and $50,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage. "This highlights the need for independent agents to use a comparative rater.
With increasing economic pressures that everyone is facing these days, you can be sure that the customer will be looking for the lowest rate available. The internet serves as a great tool for the consumer in this regard - they can find several competing quotes in a matter of minutes," said Chris Albu, Sales Manager at QuotePro, maker of the leading comparative rater that streamlines the agents' ability to shop for the best policies for their customers. Albu went on to note that being able to buy insurance online will distinguish one agency from another.
"We all see GEICO, Progressive and eSurance spending millions upon millions of dollars promoting their websites and their products and in doing so they are capturing well over half of the online sales of Auto Insurance. The agent that can sell his products online, especially non-Standard policies, will have a competitive advantage over other agencies."
Albu went on to say that QuotePro's Bind Online technology allows agents to sell non-standard auto insurance policies online, when it's convenient to the customer. "QuotePro's Bind Online technology keeps your agency open 24/7," Albu said. "We have some agnecies selling 50 policies per day! What a great way to monetize your website."
Retrieved May 30, 2013: http://business.brevardtimes.com/2013/05/florida-auto-insurance-rates-vary.html
Google By Brian Marquis
posted on Friday, March 14, 2014