| Lower your car insurance cost for life. Florida Auto Plus Insurance Agency - "We never stop working for you". Family Owned Insurance & Florida Independent Agents |
Yes, lower your Florida car insurance cost for life.
Here's how.
1. Company selection
It is unrealistic for an insurance agent or agency to become an expert with all available insurance companies
because there are simply too many. Each auto insurance company has its own set of rules, guidelines and
procedures for determining the premium (price) for a specific risk (policy). After many years of experience
with dozens of Florida auto insurance companies our agency has carefully selected the companies we represent. All
of our companies consistently receive top ratings from independent rating services such as AM Best, Moody’s, and
Standard & Poor’s. All of our companies provide exceptional customer and claims service. Our mix of companies
provides a fair and thorough representation of the rates that are available to policyholders from any insurance
company. Becoming proficient with the companies we represent enables us to extract the best possible
rate that the company offers for a specific risk.
2. Rate trend analysis
Florida car insurance companies typically revise rates and underwriting guidelines twice per year. All revisions must
be approved by the Florida Department of Financial Services and are a matter of public record. Keeping up-to-
date with industry trends and the direction of specific companies is a key element in providing the
lowest rate for the life of your policy. Pending rate increases are easily avoided with this approach.
3. Life cycle events
Considering changes, before they occur, which materially affect the Florida auto insurance policy is a
key element in keeping cost low. A great example is when a teenager is about to receive a learner’s permit.
Some companies will charge an additional premium when a youthful operator receives their permit. Other companies
will not charge an additional premium until the full operators’ license is issued. Knowing in advance saves money.
4. Coverages, discounts & deductibles
A careful examination of policy options will detect unnecessary and redundant coverage. Coverage of
this nature affords little or no additional protection for which a premium is collected. An excellent and often
overlooked example of this is the work loss exclusion for Personal Injury Protection (PIP). This exclusion eliminates
compensation for lost wages if you are unable to work due to a car accident. An unemployed or retired individual
has no need for this coverage. There are numerous insurance discounts which are not obvious or automatic.
Advance quoting, advance placement and hybrid vehicles are a few examples. We utilize every discount offered to
lower premium for the benefit of our policyholders. Raising a deductible will lower premium. Choosing a higher
deductible on PIP medical benefits is sensible when other health insurance is available.
5. Rate tier assessment
All insurance companies categorize their policies into different rating tiers. The industry term for this
process is market segmentation and each company has their own unique proprietary method. A clear perception of
the methodology utilized in market segmentation by each company we represent provides a powerful advantage for
securing the lowest rate. Our strategy for ongoing rate tier assessment and placement, yields lower rates for our
policyholders long-term. Comparative rating software utilized by most insurance agencies and online quote
engines does not implement a strategy for moving polices to more favorable tiers, with lower rates,
when opportunities arise.
Here's how.
1. Company selection
It is unrealistic for an insurance agent or agency to become an expert with all available insurance companies
because there are simply too many. Each auto insurance company has its own set of rules, guidelines and
procedures for determining the premium (price) for a specific risk (policy). After many years of experience
with dozens of Florida auto insurance companies our agency has carefully selected the companies we represent. All
of our companies consistently receive top ratings from independent rating services such as AM Best, Moody’s, and
Standard & Poor’s. All of our companies provide exceptional customer and claims service. Our mix of companies
provides a fair and thorough representation of the rates that are available to policyholders from any insurance
company. Becoming proficient with the companies we represent enables us to extract the best possible
rate that the company offers for a specific risk.
2. Rate trend analysis
Florida car insurance companies typically revise rates and underwriting guidelines twice per year. All revisions must
be approved by the Florida Department of Financial Services and are a matter of public record. Keeping up-to-
date with industry trends and the direction of specific companies is a key element in providing the
lowest rate for the life of your policy. Pending rate increases are easily avoided with this approach.
3. Life cycle events
Considering changes, before they occur, which materially affect the Florida auto insurance policy is a
key element in keeping cost low. A great example is when a teenager is about to receive a learner’s permit.
Some companies will charge an additional premium when a youthful operator receives their permit. Other companies
will not charge an additional premium until the full operators’ license is issued. Knowing in advance saves money.
4. Coverages, discounts & deductibles
A careful examination of policy options will detect unnecessary and redundant coverage. Coverage of
this nature affords little or no additional protection for which a premium is collected. An excellent and often
overlooked example of this is the work loss exclusion for Personal Injury Protection (PIP). This exclusion eliminates
compensation for lost wages if you are unable to work due to a car accident. An unemployed or retired individual
has no need for this coverage. There are numerous insurance discounts which are not obvious or automatic.
Advance quoting, advance placement and hybrid vehicles are a few examples. We utilize every discount offered to
lower premium for the benefit of our policyholders. Raising a deductible will lower premium. Choosing a higher
deductible on PIP medical benefits is sensible when other health insurance is available.
5. Rate tier assessment
All insurance companies categorize their policies into different rating tiers. The industry term for this
process is market segmentation and each company has their own unique proprietary method. A clear perception of
the methodology utilized in market segmentation by each company we represent provides a powerful advantage for
securing the lowest rate. Our strategy for ongoing rate tier assessment and placement, yields lower rates for our
policyholders long-term. Comparative rating software utilized by most insurance agencies and online quote
engines does not implement a strategy for moving polices to more favorable tiers, with lower rates,
when opportunities arise.
Five steps to know with more details below.
1. Quality companies will offer a thorough
representation of available rates. Look for good value,
not cheap companies.
2. Look out for changes and take action. Shop early
and take advantage of advanced quoting and
purchasing discounts.
3. Looking ahead in your life can save you money. How
to register the car your teenager will be driving is one
example.
4. Actively engage the process. A careful examination
of policy options will help you choose wisely.
5. Rating tiers determine price. Know what it takes to
move up a category for lower rates.
1. Quality companies will offer a thorough
representation of available rates. Look for good value,
not cheap companies.
2. Look out for changes and take action. Shop early
and take advantage of advanced quoting and
purchasing discounts.
3. Looking ahead in your life can save you money. How
to register the car your teenager will be driving is one
example.
4. Actively engage the process. A careful examination
of policy options will help you choose wisely.
5. Rating tiers determine price. Know what it takes to
move up a category for lower rates.
| Be Sure to Visit our Resource Guide to learn even more Cape Coral | Clearwater | Coral Springs | Fort Lauderdale | Gainesville | Hialeah | Hollywood Jacksonville | Kendall | Miami Beach | Miami | Orlando | Pembroke Pines | Pompano Beach Port St. Lucie | Sarasota | St. Petersburg | Sunrise | Tallahassee | Tampa |
Florida Auto Plus Insurance, Simply the best.
Local map and directions: 9742 Banyan Street Miami, Florida 33157
Call us now. You'll be glad you did.
1-877-WIZ-AUTO.com
Local map and directions: 9742 Banyan Street Miami, Florida 33157
Call us now. You'll be glad you did.
1-877-WIZ-AUTO.com
Understand the different terms used in this state.
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | W | X | Y | Z
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | W | X | Y | Z
Question of the day:
Which drivers are required to have an SR22 Texas insurance policy?
Here again it is very similar from one state to another. Generally an SR22 is required for certain drivers who have
been identified as “high risk.” Typically, drivers who have had their license suspended or revoked or been in an
accident and not have had insurance at the time, or drivers who have been convicted of DUI or DWI will be required
to have an SR22. One notable difference between the various states is Florida and Virginia which require an FR44
insurance certificate for their drivers convicted of DUI. The FR44 certificate is a relatively recent development and
prior to this, both Florida and Virginia were utilizing the SR22 for these drivers. The main difference between the
SR22 and FR44 is in the amount of required coverage. An FR44 requires higher liability limits than the state
minimum which is the required SR22 amount of coverage. In Florida an FR44 mandates coverage of 100 /300/50.
Increased limits certainly make sense for drivers who are identified as “high risk”. Of the various categories of
drivers who are required to have an SR22, the DUI driver group has become a safe class of drivers as evidenced by
a very favorable loss ratio for the group. Over the years, required liability coverage limits have not kept pace at all
with rising claims costs.
Question of the day archive
Which drivers are required to have an SR22 Texas insurance policy?
Here again it is very similar from one state to another. Generally an SR22 is required for certain drivers who have
been identified as “high risk.” Typically, drivers who have had their license suspended or revoked or been in an
accident and not have had insurance at the time, or drivers who have been convicted of DUI or DWI will be required
to have an SR22. One notable difference between the various states is Florida and Virginia which require an FR44
insurance certificate for their drivers convicted of DUI. The FR44 certificate is a relatively recent development and
prior to this, both Florida and Virginia were utilizing the SR22 for these drivers. The main difference between the
SR22 and FR44 is in the amount of required coverage. An FR44 requires higher liability limits than the state
minimum which is the required SR22 amount of coverage. In Florida an FR44 mandates coverage of 100 /300/50.
Increased limits certainly make sense for drivers who are identified as “high risk”. Of the various categories of
drivers who are required to have an SR22, the DUI driver group has become a safe class of drivers as evidenced by
a very favorable loss ratio for the group. Over the years, required liability coverage limits have not kept pace at all
with rising claims costs.
Question of the day archive
Local auto insurance in Florida neighborhoods
throughout the sunshine state is our area of expertise.
Progressive Insurance quotes online that include a
dedicated independent agent are available here.
throughout the sunshine state is our area of expertise.
Progressive Insurance quotes online that include a
dedicated independent agent are available here.
Car insurance quotes are not increased because the
services of an independent agent are provided.
Policyholders do not pay the agents commission, the
insurance companies do. Paying a commission adds
to the expense of the company but there are many
other costs that the company does not incur. For
example, an independent insurance agency will
perform underwriting, customer service and marketing.
services of an independent agent are provided.
Policyholders do not pay the agents commission, the
insurance companies do. Paying a commission adds
to the expense of the company but there are many
other costs that the company does not incur. For
example, an independent insurance agency will
perform underwriting, customer service and marketing.
"Welcome, thanks for calling" - Wally
www.WizardInsurance.com
Florida Auto Plus Insurance Agency
Call or click for a quote today!
Click now to quote yourself anytime!
| 1-877-WIZ-AUTO (949-2886) |
1-877-WIZ-AUTO (949-2886)
| Home | Florida Quotes | SR22 Insurance | FR44 Insurance | FL No-Fault | Learn Basics | Why Choose Us |
| Cheap Quotes l PIP l DUI l FL Car Insurance l FL Cities l Coverages l FAQ l Self Educate l About Us |
| _________________________________________________________________________________________________ |
| _________________________________________________________________________________________________ |
" We never stop working for you! "