Wednesday, May 25, 2022

Florida Auto Insurance Savings

In today’s world, savings is something that’s on everyone’s mind.  We’re clipping coupons, searching for great deals on the Internet, and taking full advantage of in-store product specials. “Savings” has also become the go-to buzzword for marketing agencies and advertisers.

It seems everywhere we look, the message is to save more and spend less.  This is particularly true for the auto insurance industry.

From TV advertisements to letters in the mail, the message is the same: pay less for auto insurance. The question then becomes, can I really save more money if I switch companies? Maybe.

What most consumers don’t realize is that when a company is advertising auto insurance savings, the amount of savings that they specify is based on a tiny margin of policyholders.

The companies only take into account the amount of savings that people receive after they have switched policies.

Does this mean that savings on auto insurance are unrealistic for most people? No, it doesn’t.  There are plenty of ways to save on auto insurance.

For example:

  • What kind of safety equipment is on your vehicle? (e.g., airbags, daytime lights, anti-locking brake system, etc.)
  • What level of driver’s education have you achieved?
  • Are you insuring multiple cars?
  • Are you insuring a car that is at the same residence as another policyholder?
  • Do you have other insurance policies through the same company? (e.g., homeowners insurance)
  • What is your driving history? Is your license clear of points?
  • Are you or were you a member of the United States military?
  • Are you a government employee?
  • How many miles do you drive in an average day, week or month?
  • Is the vehicle primarily used for business purposes?

The more you know about the available discounts, the more likely it is that you will find a low rate. This is because you know what type of information to provide to the insurance agency and you know the right questions to ask.

Even then, you’re not supposed to be the expert. Yes your job as a consumer is to be educated on the market, but what you also need a reputable insurance agent that they will ask the right questions for you.   To really get the most out of an auto insurance policy, it takes a combination of education and service.

For example, when a person calls GreatFlorida Insurance to inquire about policy, they will receive quotes from multiple carriers. This is because we are a one-stop insurance shopping source and we are not biased to any one company.  Our agents will ask you a few simple questions and in seconds, you will have an accurate quote from a variety of auto insurance carriers.  Our GreatFlorida Insurance agents will then be able to advise you on which policy and price is best for you.

Of course, cheaper is not always better.  You can find auto insurance policies with low rates, but should you purchase a policy based on price alone?  In my experience, price is not always the best way to choose the best coverage.  When it’s time to make a claim, you want to be sure the company you have you policy with is accessible and friendly. Nothing is worse than needed to file a claim from an accident and getting the runaround from an insurance company.

Your company and your agent should be on your side ready to help you in stressful situations. After all, the reason you buy a policy is not only for security, but also for peace of mind.

Ellsworth Buck
Since 2003, Ellsworth has served as Vice President of GreatFlorida Insurance, a network of independent, franchised insurance agents located throughout Florida. During his tenure he has helped the franchise grow to more than 100 independent locations state wide. He is a 20+ year veteran of the Florida Insurance industry and is a graduate West Virginia University, earning his M.B.A in 1984. He lives with his wife in Stuart, Florida. For more information visit:

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