Factors That Impact The Cost Of Your Car Insurance Policy In Fort Myers
Insurance companies consider multiple factors when calculating your auto insurance costs in Fort Myers, including:
State requirements: Your policy needs to meet Florida’s minimum coverage standards, which include $10,000 in damage liability and $10,000 in personal injury protection (PIP).
Your age: Younger drivers typically have higher rates due to their lack of experience and higher likelihood of accidents. Rates usually start to decrease after you turn 25.
Your car’s make and model: Safer vehicles generally result in lower rates. Insuring a recent Toyota Corolla, for instance, costs significantly less than a Chevrolet Corvette.
Driving history: Past accidents and traffic violations can lead to substantial rate increases, as they indicate a higher likelihood of future claims.
Annual mileage: People with longer commutes often pay more than those who drive less frequently.
Credit history: A higher credit score often translates to lower rates. Insurers have found a correlation between higher scores and fewer claims.
Zip code: Where you work and park your car overnight matters. Depending on the location’s risk of vandalism or damage, you might get a discount or an increased rate.
Marital status: Married drivers usually enjoy lower rates than their single counterparts.
Gender: Around age 45, men pay about 6% less than women of the same age. However, this gender-based difference tends to level out for drivers in their 30s.