It is important to maintain good credit for a multitude of reasons, among them being auto insurance costs. Drivers in Orlando who have poor credit spend an average of $1,400 more on auto insurance than drivers with good credit. Almost all insurance companies use credit scores in their pricing criteria these days. Considering that the costs of auto insurance Orlando is already more expensive than many other Florida cities and towns, this is bad news for many people. A driver in Orlando with bad credit could spend more than $3,500 per year to insure their vehicle. That is a whopping amount of money to fork over for insurance protection.
What is the average auto insurance cost for Orlando drivers? The average driver pays $1,885 per year to insure their vehicles. Many factors impact that cost, such as credit score as mentioned above. Apart from the credit score you maintain, there are factors that influence rates such as the type of car being insured, your age and educational background, the area of the city you call home, and many others. Some of the factors that impact auto insurance rates can be changed, but many cannot. To keep costs of coverage low, it is important to protect the factors that you can change.
This may sound like a lot of money to the average person. But, it is a state law that drivers carry minimum amounts of auto insurance. It is a crime to drive uninsured, that, if caught, could cost you far more money and time than auto insurance premiums. If you are involved in an accident without auto insurance, the risks become even more burdensome. It’s much cheaper to pay your insurance premiums each month and drive around Orlando and elsewhere with confidence and assurance.