CORAL SPRINGS – You probably have not but obtained your auto insurance coverage invoice, you might be in for a shock.
Many South Florida drivers are seeing fee will increase, even when they’ve spotless information.
CBS Miami has been following one driver who started to see the hikes final 12 months.
Retired particular ed trainer Hal Krantz and his spouse drive little or no and have not had any incidents and but their insurance coverage went up final 12 months.
After we talked to Krantz over the summer time he informed us he had switched insurance coverage carriers and was saving about $600 a 12 months, however a part of the deal was agreeing to put in a monitoring gadget on his windshield.
That gadget measures pace and stopping. Insurance coverage corporations use that info to determine whether or not your charges will improve or keep the place they’re.
“Typically, I really feel prefer it’s massive brother,” says Krantz.
After we first talked to Krantz final 12 months, he was coping with a hefty automotive insurance coverage improve – greater than a thousand {dollars} for the 12 months – although he drives little and has a clear file.
Krantz stated when he started buying his coverage round he discovered some corporations had been providing particular charges.
“It is cheaper to go together with a brand new firm even when it is each six months since you get particular charges,” he stated.
The Insurance coverage Institute which tracks charges stated the common value of full protection in Florida now stands at $3,430 a 12 months.
That is 51 % larger than the nationwide common which is $2,278 a 12 months.
“It’s extremely costly,” stated Debbie Iten, who has been writing insurance coverage for 34 years.
She says elements driving up the charges in Florida embrace, fraud, floods, hurricanes, theft of catalytic converters, and the choice to complete a automotive due to an absence of components.
After that, it relies on your zip code, your age, marital standing and credit score rating.
You probably have a teen in your coverage it is even worse.
“Your fee goes to go up considerably. Quite a lot of instances it’s going to double,” says Iten.
However if you wish to save, there are methods to attempt to deliver your premiums down.
There’s a ‘good grade’ low cost for youngsters. You’ll be able to elevate your deductible. Cut back protection or comply with a driving monitoring system.
“There are carriers beginning to write once more and a pair are asking for fee reductions, so in direction of the tip of the 12 months, we are going to see some modifications,” stated Iten.
Hal Krantz is hoping that can occur. He is undecided if his monitoring gadget will proceed to ensure him a decrease fee.
“I am going to see once they ship me my new invoice,” he stated.
