Finest Low-cost Hollywood Auto Insurance For 2021 – Bankrate.com
Hollywood, Florida has a population of 151,000. Although the community is relatively small, having the best auto insurance in Hollywood is important considering that most of the senior accidents in the country are in Florida. Even if you are not at fault in an accident, Florida is a no-fault state, which means you are responsible for your own medical bills. Make sure you have adequate auto insurance coverage in Hollywood to cover yourself financially in the event of an accident.
In addition, 20% of drivers without car insurance can drive illegally. Based on the factors mentioned, auto insurance premiums in Hollywood are high. Quadrant Information Services' latest quotes study by Bankrate found that the average annual cost of auto insurance in Hollywood is $ 1,523 for minimum coverage and $ 3,077 for full insurance. To help you find savings on some of the highest car insurance rates in the country, we looked at 20 car insurance companies in the area to find providers with the lowest rates and highest customer status that offer lots of discounts.
The best auto insurance in Hollywood
The following four providers have the cheapest auto insurance in Hollywood and ranked high in J.D. Power.
|insurance company||J.D. Power score||Average annual premium for minimum coverage||Average annual premium for fully comprehensive insurance|
|Geico||823 / 1,000||$ 1,028||$ 2,457|
|District farm||848/1000||$ 1,297||$ 2,440|
|Allstate||846/1000||$ 1,470||$ 2,972|
|Progressive||822/1000||$ 1,737||$ 3,068|
For the cheapest basic vehicle insurance, you should obtain an offer from Geico. Geico works with major regional organizations to offer employees and members exclusive rates that can help you save on your car insurance premiums. On top of that, there are 16 discounts that could potentially save you up to 25%. Bundling policies or vehicles, qualifying as a safe driver, or owning a vehicle with security and / or anti-theft equipment are just a few of the options.
State Farm offers full coverage at the lowest cost of the top four carriers for $ 2,440 per year. State Farm minimum coverage averages half the price but only compensates for losses to other parties. Fully comprehensive insurance also adds reimbursement for damage to your vehicle. In addition to the inexpensive full auto insurance, State Farm is running the insurance study by J.D. Power to customer satisfaction for 2021 with a score of 848.
Allstate average auto insurance premiums were higher than State Farm and Geico, but your results may be better based on personal factors such as driving history and the discounts you qualify for. If you're looking for the convenience of managing your policy or filling out a claim, Allstate is hard to beat. The airline has agents and offices across Hollywood, as well as a full featured mobile app that allows you to manage your policy at any time.
Progressive shines when it comes to finding the best deal as effortlessly as possible. The Name Your Price tool allows you to set a budget for auto insurance and tell how much auto insurance to buy with your target cost. In addition, you can get a quote right on the Progressive website and see what other carriers charge for the same amount of coverage, saving you time when buying auto insurance.
Cheapest car insurance in Hollywood
The four insurance carriers examined not only offer the best auto insurance in Hollywood, they are also the cheapest and largest in the city. For comparison, the average cost of Florida auto insurance for full coverage is $ 2,364 per year. The premiums in Hollywood are higher, but you may be able to find lower prices by comparing deals and taking advantage of the vendors' discounts.
|insurance company||Average annual premium for minimum coverage||Average annual premium for fully comprehensive insurance|
|Geico||$ 1,028||$ 2,457|
|District farm||$ 1,297||$ 2,440|
|Allstate||$ 1,470||$ 2,972|
|Progressive||$ 1,737||$ 3,068|
If you'd prefer to work with a local agent with a physical office, State Farm and Allstate are both well represented in Hollywood. Otherwise, Progressive's mobile app and website are fully functional. State Farm and Allstate's online presence is also pretty robust. Geico cover is cheap for the best value for money, but customer service is available at all times and claims can be processed online, via the Geico mobile app or by calling the claims hotline.
Hollywood Insurance Requirements
One of the easiest ways to save on your auto insurance bill is to reduce the amount of insurance that you buy. However, it is important to consider whether lower car insurance is a good idea. Lower limits mean that you are personally responsible for anything that exceeds the limit.
The minimum requirements for car insurance in Hollywood are:
- Personal Injury Protection (PIP): $ 10,000
- Property Damage Liability (PDL) per accident: $ 10,000
Personal injury liability is not mandatory in Florida, but drivers must demonstrate their ability to pay damages under the Financial Responsibility Act. When a driver takes out car insurance to comply with the law, the minimum requirements are:
- $ 10,000 personal injury liability per person
- $ 20,000 personal injury liability liability per accident
Uninsured motorist insurance must be offered, but can be rejected in writing. Drivers can opt out of BI coverage and demonstrate their financial responsibility within the 10/20 BI limits in other ways. Only drivers who can demonstrate a net worth of at least $ 40,000 are eligible and must provide a notarized copy of annual financial statements to demonstrate eligibility.
Auto Insurance Discounts in Hollywood
When you consider that Hollywood auto insurance can fetch an average of $ 3,000 a year, even a 10% discount is already $ 300 in your pocket. Some discounts that most carriers offer include:
- Switch: Insurance companies may offer you a discount for switching to close the deal. The discount is usually for the first year, but it can save you some cash while you build a story with the carrier to qualify for other discounts.
- Safe driver: Avoiding tickets, accidents and claims can bring you the greatest savings. Ride safely and defensively and your savings may increase over time.
- Driving safety course: Passing a licensed driving safety course can make you a better, safer driver, and earn you discounts for up to three years.
- Bundling: Buy home and auto insurance from the same insurance company for a possible discount on both policies.
frequently asked Questions
What is the best car insurance?
In analyzing the best auto insurance companies, we found that car owners in Hollywood, Florida should compare offers from State Farm, Allstate, Progressive, and Geico. The four airlines have the lowest rates in Florida and have high levels of customer satisfaction.
Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and airlines in all 50 states and Washington, DC Coverage Limits:
- $ 100,000 personal injury liability per person
- $ 300,000 liability per accident
- $ 50,000 property damage liability per accident
- $ 100,000 personal injury from an uninsured motorist per person
- $ 300,000 personal injury to an uninsured driver per accident
- $ 500 deductible in case of collision
- $ 500 deductible
In order to set the minimum coverage limits, Bankrate has used minimum coverage that meets the requirements of the individual states. Our example drivers own a 2019 Toyota Camry, commute five days a week, and drive 12,000 miles a year.
These are sample rates and should only be used for comparison purposes. Your quotes can be different.