Florida Insurance Group
11531 Lake Underhill Road
Orlando, FL 32825

Fax: 407-277-9777


Things That Can Affect the Cost of Your Car Insurance

woman driving car

Insurance rates are not “one-size-fits-all.” A lot of different factors determine how much you will pay for your auto insurance on Orange County, FL. Here are the main things that determine your car insurance rates:

The Vehicle You Drive

Your car will determine how much you pay to insure it. The model year and make of your car are value signals. It will cost you more to insure a foreign luxury vehicle than a no-frills American car because it can cost much more to repair the foreign car. Some companies also offer new car discounts if you choose a brand new car over a used one. You can also get lower rates if you have theft protection on your vehicle and if you are insuring multiple cars on the same policy.

Your Personal Demographics

The person who is driving the car also determines the cost. Once you hit age 25, your rates will typically lower. Your driving record, where you live, whether or not you own your home, the number of drivers on your policy, and your insurance history will also work together to determine your rate. For example, living in an area with high theft rates or a high rate of deer accidents will likely result in a higher price, as will a prior record of car accidents.

The Insurance Company

Each insurance company is working off of a different business model depending on what is profitable for them. They may offer discounts for safe driving, or even for owning a policy with them for a certain number of years. They may also offer different payment plans. For example, if you pay for six months at a time, you may spend less money than if you paid each month.

Working with the Right Agency

When you work with the experienced agents at Florida Insurance Group, you can ensure that you are getting the right car insurance policy to suit your needs at a price you can afford. Contact us today to get started.