UPDATED: Mar 13, 2020
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Cheap Car Insurance in West Palm Beach, FL
If you think you can’t find cheap car insurance in West Palm Beach, FL, think again! With our help, you can compare rates amongst the fierce auto insurance competition in your area. And you can come out the winner.
Keep reading to find out more about West Palm Beach, and how you can use our resources here at AutoInsuranceEZ.com to achieve your goal of finding the most affordable auto insurance rate.
West Palm Beach, among other things, as well known as the oldest Incorporated municipality within the Greater Miami area. It became Incorporated a full two years before Miami was ordained a real City in the fall of 1984.
It’s about an hour’s drive away from downtown Miami, and it’s home to many luxurious Vacation Resorts.
- Fun fact: Pardon me, waiter, can I get my steak well done with ketchup? Because West Palm Beach is #6 on the “top 100 cities with men employed in food preparation and serving occupations” list. Learn more information about West Palm Beach right now.
Auto Insurance Coverage Requirements in Florida
Driving legally in West Palm Beach requires:
|Bodily Injury Liability||Not required||100,000/300,000|
|Property Damage Liability||10,000||50,000|
|Uninsured Motorist Bodily Injury||Not required||10,000/20,000|
|Medical Payments||Not required||5,000|
|Collision||Not required||500 deductible|
|Comprehensive||Not required||250 deductible|
Are you thinking about trying to save money on your car insurance by only purchasing the bare minimum legal limits? That may not be the wisest idea. Sure, it’s perfectly adequate if you’re driving an older vehicle which has a very low appraisal value, but in almost every other situation, it’s a bad idea.
Higher liability coverage limits and additional coverages like comprehensive and collision are strongly recommended for people who drive newer, more expensive cars or who want to protect themselves from expensive at-fault accidents.
The state average for auto insurance in Florida is pretty high; your average motorist is shelling out over $170 per month for their premiums, which puts it in the top five of the most expensive states to drive in.
But you can pay less than half that if you give us five minutes of your time and your zip code. Florida is one of the easiest states to save money in provided that you compare auto insurance providers online.
If you had to guess, who do you think would be the most affordable insurance provider in West Palm Beach right now? In truth, it all really depends on many different factors. But Hanover and Allied are the most competitively priced compared to their competition.
Can they offer you the same deal? Or is there something specific in your driver profile that can help you save money with another company? You won’t know until you compare companies against one another and see what you can save.
Most people, unfortunately, don’t make the effort to compare Florida Auto Insurance providers against one another like they should. We understand why.
It involves gathering a whole bunch of information together, giving that private information out to insurance agents who may not have your best interests at heart, and going through a complicated evaluation process before you can get a hard number.
But you can help yourself by understanding which numbers your insurance company will look at most, and how you can change them in your favor.
Major Car Insurance Factors in West Palm Beach
There are several different factors which come together to make up your driver profile. This profile is a snapshot of how risky of a driver you are in the eyes of your insurance company.
The riskier you look, the more money they will charge you in order to brace themselves for the future claims they assume you will file. Below are the factors which have the strongest influence on determining your risk:
Your Zip Code
There are many different things which your zip code can predict how risky your driver profile may be. Seems like the population of your city, property values, and crime statistics all factor in to show your insurance company how likely it is you may get into an accident.
The West Palm Beach population stands at 108,149 people, in the average median household income has increased over the past several years to $51,217.
Your insurance company will assume that you’re less likely to get into an accident if most of the other drivers in your area are also less likely to get into an accident. This means there are plenty of safe drivers on the road and you are unlikely to have any unfortunate interactions with them.
As you can see in the chart below, accidents statistics for West Palm Beach aren’t ideal, but they’re lower than most other metropolitan areas of similar population size. You might want to ask your insurance agent about whether or not this qualifies you for some discounts.
Auto Thefts in West Palm Beach
Auto thefts in West Palm Beach reached a grand total of 553 vehicles according to the most recent data. The good news is this is down from the previous year when auto thefts had doubled compared to the year before that.
Unfortunately, it has yet to go back down to previously low totals. Since there is an increased risk of theft, you may be in danger of paying more for your premiums. But installing a passive anti-theft device in your vehicle can help protect you from these higher prices.
Your Credit Score
Having a high credit score can score you some serious brownie points with your insurance provider. Most companies automatically assume two things when they see a customer with good credit: one, that’ll be easier for you to pay your premiums on time every month which is very convenient for them.
Two, most insurance companies associate good credit with safe driving habits – whether or not the data actually reflects that those two go hand-in-hand. Below, you can see the difference between drivers with good credit and drivers with poor credit.
The older you are and the more driving experience you have, the easier it will be to save money on your auto insurance premiums. As they say, practice makes perfect.
And the more practice you have behind the wheel, the less likely you are to get into an accident. This is the belief of your insurance company, anyway. Regardless of whether it’s true or not, you get to enjoy lower premiums as a result.
Your Driving Record
Even if you don’t have a perfect driving record, as long as your previous infractions happened at least 3 years ago (or sometimes as long as 5 years ago), they won’t count towards any new insurance quotes you get today. But if your record isn’t perfect, it’s not the end of the world.
Talk to your insurance agent about what you can do, such as taking defensive driving courses, in order to get in better standing with your insurance company if more recent tickets or accidents are keeping you from getting the best rate.
Do you drive a newer vehicle? An expensive vehicle? An older vehicle? A clunker? The type of vehicle you drive will have a big impact on how much you pay for your monthly premiums. Part of this has to do with the fact that different vehicles will require different types and levels of coverage.
Take a look at the chart below: modest, popular vehicles tend to have lower insurance right then newer, more expensive, flashier vehicles. You’ll have to talk to your insurance agent and take this into account when deciding how much coverage you need for your vehicle.
Minor Car Insurance Factors in West Palm Beach
Of course, tweaking some of the factors below can add up to some extra savings over time:
Your Marital Status
One of the many perks of getting married is that you will see lower monthly auto insurance premiums. If you and your spouse continue to carry separate policies, these discounts will be fairly small.
But you can bump that up to 10 percent or more off of you and your significant others policy premiums if you bundle them together what the same company. Insurance providers reward you with those discounts for bringing them extra business.
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Some may argue that there is no longer much of a difference between the way men and women drive. They’re many insurance companies who agree, but there are still some who don’t quite see it that way.
Even if they do change their prices based on gender, it shouldn’t be more than about two or three percent of your total premium.
But if you feel like you’re being treated unfairly based on your gender, that’s all the more reason to let us help you search for better rates near you.
Your Driving Distance to Work
Commuting in West Palm Beach isn’t necessarily as bad as some people may have you believe. The greatest number of commuters spend about 15 to 20 minutes behind the wheel on average, although that does equal out to nearly an hour of commute time on a daily basis.
Nearly three-quarters of drivers will rely on their own vehicle as their main means of transportation to work. Some carpool, but the number of people who choose to work from home instead is steadily growing.
Of course, the time you spend behind the wheel is just about as important as the number of miles you drive. The more time you spend behind the wheel and the more miles you drive on a regular basis, the greater your chances of getting into an accident.
If you drive more miles each year than the average driver, you should probably try to keep that little detail to yourself. Otherwise, it could end up increasing your monthly insurance costs.
Your Coverage and Deductibles
Most drivers don’t know what the difference is between a high deductible and a low deductible. Many believe that higher deductibles come with higher insurance costs and lower deductibles make your insurance more affordable.
In reality, the exact opposite is the truth. Raising your deductible means that your insurance company won’t be paying as much if you have to file a claim, so they charge you less on your premiums.
But this can be dangerous if you don’t have enough savings on hand to pay that higher deductible and get the repairs started on your vehicle in the event of an accident.
Education in West Palm Beach, FL
Educational attainment in West Palm Beach is almost equal to that of the state’s average. Just under 29 percent of residents have succeeded at getting their high school diploma (or a similar certificate).
The next largest group of residents are proud owners of bachelor’s degrees and they make up about 18% of the City’s population.
There are plenty of educational institutions to choose from if you live in West Palm Beach. The most popular is the Palm Beach Atlantic University which is a private not-for-profit establishment enrolling nearly 3,000 students each semester.
You can also earn a bachelor’s or master’s degree from Northwood University-Florida. Beyond that, there are nearly a dozen different private and technical schools where you can learn a trade and get the education you want.
If you really want to save money, you’re going to have to compare different insurance companies against one another. But you can’t do that without a tedious, cumbersome effort if you do it alone.
Let us help connect you with the providers you’re looking for and the rates you deserve. All it takes is a few minutes of your time and your zip code!
How We Conducted Our Car Insurance Analysis
*We calculated our average rate based on the following metrics: a married, 34-year-old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home.
Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.