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Florida Auto Insurance: 11% Increase in Auto Insurance Premiums 2003-2004

By Insurance.com

Posted : 02/19/2007

Summary

Let's face it. Auto insurance in Florida can be expensive and it seems from year to year that it's only getting worse.

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Let’s face it. Auto insurance in Florida can be expensive and it seems from year to year that it’s only getting worse. But where you live can dramatically affect your auto insurance rate – and not only by the state you live in, but where you live within that state too. A simple move from a rural to suburban community could cost you an increase of hundreds or more a year on auto insurance.

[Compare car insurance quotes now.]

Our “2004 Auto Insurance Pricing Report” below shows the average change in auto insurance premium quotes on a state-by-state basis. According to the report, consumers in Florida were paying an average of $2,477 annual auto insurance premium, a 11% increase over the previous year. The average U.S. household is paying $2,343 for auto insurance a year – a 6% increase over the average annual premium quote from last year.

If you’re trying to save money on auto insurance like most consumers are, but you’re not exactly willing to move to Gainesville, FL to do so, remember that the easiest way to save is to shop around. It’s extremely important to compare rates from multiple companies because rates can vary by hundreds or more from one company to another – for the exact same coverage.

2004 Auto Insurance Pricing Report*

Top ten states with the largest percentage decrease:

State
2003
2004
% Difference
Dollar Change
LA
$2,677.71
$3,256.29
21.6%
$578.58
SC
$1,659.34
$1,930.81
16.4%
$271.47
AR
$1,928.25
$2,188.55
13.5%
$260.30
NV
$2,275.38
$2,577.66
13.3%
$302.28
MT
$1,627.92
$1,834.27
12.7%
$206.36
WY
$1,868.74
$2,096.09
12.2%
$227.35
FL
$2,238.79
$2,477.01
10.6%
$238.21
CT
$2,331.37
$2,578.42
10.6%
$247.04
VA
$1,637.48
$1,801.15
10.0%
$163.67
MD
$2,539.79
$2,757.83
8.6%
$218.04


Top ten states with the largest percentage decrease:

State
2003
2004
% Difference
Dollar Change
NH
$2,589.63
$2,228.85
-13.9%
$(360.78)
NC
$1,349.66
$1,222.22
-9.4%
$(127.43)
RI
$3,036.70
$2,810.74
-7.4%
$(225.97)
IN
$2,041.12
$1,915.77
-6.1%
$(125.35)
KS
$2,158.71
$2,027.15
-6.1%
$(131.56)
MO
$2,173.64
$2,081.56
-4.2%
$(92.07)
IL
$2,177.62
$2,093.56
-3.9%
$(84.06)
CO
$2,447.62
$2,365.93
-3.3%
$(81.69)
OH
$1,925.45
$1,884.41
-2.1%
$(41.03)
ME
$1,447.75
$1,433.81
-1.0%
$(13.94)


Complete breakdown by state:

State
2003
2004
% Difference
Dollar Change
AL
$1,772.48
$1,908.74
7.7%
$136.26
AR
$1,928.25
$2,188.55
13.5%
$260.30
AZ
$2,410.17
$2,473.20
2.6%
$63.03
CA
$2,122.00
$2,243.08
5.7%
$121.07
CO
$2,447.62
$2,365.93
-3.3%
$(81.69)
CT
$2,331.37
$2,578.42
10.6%
$247.04
DC
$2,290.17
$2,366.66
3.3%
$76.49
DE
$1,994.38
$2,073.66
4.0%
$79.28
FL
$2,238.79
$2,477.01
10.6%
$238.21
GA
$2,010.22
$2,131.47
6.0%
$121.25
IA
$1,492.17
$1,536.80
3.0%
$44.63
ID
$1,553.92
$1,678.68
8.0%
$124.76
IL
$2,177.62
$2,093.56
-3.9%
$(84.06)
IN
$2,041.12
$1,915.77
-6.1%
$(125.35)
KS
$2,158.71
$2,027.15
-6.1%
$(131.56)
KY
$2,389.38
$2,483.06
3.9%
$93.68
MD
$2,539.79
$2,757.83
8.6%
$218.04
ME
$1,447.75
$1,433.81
-1.0%
$(13.94)
MI
$2,556.89
$2,562.48
0.2%
$5.59
MN
$2,223.01
$2,326.08
4.6%
$103.07
MO
$2,173.64
$2,081.56
-4.2%
$(92.07)
MS
$2,088.66
$2,230.17
6.8%
$141.51
MT
$1,627.92
$1,834.27
12.7%
$206.36
NC
$1,349.66
$1,222.22
-9.4%
$(127.43)
ND
$1,684.24
$1,783.28
5.9%
$99.04
NM
$1,999.47
$2,138.48
7.0%
$139.01
NV
$2,275.38
$2,577.66
13.3%
$302.28
NY
$3,286.70
$3,292.11
0.2%
$5.41
OH
$1,925.45
$1,884.41
-2.1%
$(41.03)
OK
$2,063.77
$2,202.70
6.7%
$138.94
OR
$1,738.63
$1,807.54
4.0%
$68.91
PA
$2,607.86
$2,760.26
5.8%
$152.41
RI
$3,036.70
$2,810.74
-7.4%
$(225.97)
SC
$1,659.34
$1,930.81
16.4%
$271.47
RI
$3,036.70
$2,810.74
-7.4%
$(225.97)
SC
$1,659.34
$1,930.81
16.4%
$271.47
SD
$1,737.15
$1,742.11
0.3%
$4.95
TN
$1,811.24
$1,869.48
3.2%
$58.23
TX
$2,569.54
$2,625.37
2.2%
$55.82
UT
$1,709.98
$1,811.16
5.9%
$101.18
VA
$1,637.48
$1,801.15
10.0%
$163.67
VT
$1,492.60
$1,608.75
7.8%
$116.15
WA
$2,121.07
$2,179.79
2.8%
$58.72
WI
$1,815.58
$1,806.67
-0.5%
$(8.91)
WV
$2,456.90
$2,574.39
4.8%
$117.50
WY
$1,868.74
$2,096.09
12.2%
$227.35

*Note: This report is a broad indicator of pricing activity in the personal auto insurance marketplace. It is not a comprehensive index as it reflects only the pricing activity of carriers that have participated in the ComparisonMarket auto insurance marketplace and the aggregate profile of consumers who shop at ComparisonMarket.

 

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