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Florida has 3rd highest car ownership costs in U.S.

By August 14, 2014May 21st, 2020Insurance

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There are two major reasons the car ownership cost in Florida are ranked 13 percent above the national average.

One of the reasons why Florida is so pricey is because of higher car repair costs. “When Floridians take their car to the shop, they pay about 10 percent more for parts than the typical U.S. vehicle owner,” according to Bankrate.com.
 ranked 13 percent above the national average.

Insurance is also a driving factor in Florida’s higher costs. Florida drivers paid an average of $1,124 for their policies between 2007 and 2011, according to data from the National Association of Insurance Commissioners.

“That’s 27 percent more than the average U.S. vehicle owner paid over the same span of time,” Bankrate.com said.

So let consider the question, who know more about lowering the cost of insurance; the average consumer or an independent insurance agent with experience and many companies to shop for the best value (price and best coverage)? Read more…

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