You cannot get Erie Insurance in Florida. Erie Insurance (based in Erie, Pennsylvania) only sells policies in 11 states and the District of Columbia. North Carolina and Tennessee are the southernmost states in which Erie operates.
If you spend only part of the year in Florida and your car is registered in an area covered by Erie, you could get Erie auto insurance to protect you wherever you drive. As long as the policy meets Florida’s minimum insurance requirements, it will cover you there, too.
Gap insurance in Florida works the same way as gap insurance in the rest of the U.S., by paying the balance remaining on a car loan or lease contract after a liability, comprehensive, or collision policy pays out the actual cash value of a totaled vehicle. The state of Florida doesn’t require any driver to carry gap insurance. However, certain lenders in Florida may require customers to carry … read full answergap insurance – short for guaranteed asset (or auto) protection insurance – if they get a car loan or lease.
Dozens of companies, including banks and dealerships, offer gap insurance in Florida. While you should take your time deciding which one is right for you, you can also have confidence in the fact that gap insurance works the same way in Florida as in the rest of the country.
GEICO insurance rates are very competitive, ranking 2nd overall (behind only Progressive) in WalletHub’s 2019 Cheap Car Insurance Study. The study compared 46 major car insurance companies for a variety of driver profiles. This means GEICO’s rates tend to be lower than those charged by State Farm, Allstate, Nationwide, Travelers, and other popular auto insurers.… read full answer
Individual results may vary, however. The rates GEICO quotes you are based on your driving record and experience, along with your location, credit score (in some states), vehicle age, and vehicle equipment. Your coverage and deductible choices matter, too.
GEICO tends to have relatively low rates for new drivers and those with less-than-perfect driving records. The following chart shows how GEICO ranks among 46 U.S. auto insurers in terms of monthly costs for different types of drivers. Learn more about how we obtained these sample quotes in the Methodology section of our 2019 GEICO Car Insurance Review.
Sample GEICO Car Insurance Rates:
Clean Driving Record Cost
Poor Driving Record
$312 / month
$388 / month
$254 / month
$314 / month
$259 / month
$327 / month
Those quotes don’t take into account GEICO’s various discounts. GEICO offers impressive discounts for having multiple policies and certain vehicle safety equipment, for example. But it doesn’t have “green car” or loyalty discounts, unlike some of its competitors.
At the end of the day, knowing that GEICO ranks among the cheapest major auto insurers provides a helpful starting point as you shop for auto insurance. But the best option will be the one that gives you the coverage you need, plus excellent service, at a price that fits within your budget.
The best way to find cheap car insurance in Florida with a low down payment is to compare quotes and payment plans from different car insurance companies. Progressive, GEICO and Liberty Mutual are the three cheapest car insurance companies in Florida, according to WalletHub’s 2019 study. They’re a good place to start.… read full answer
Florida is one of 7 states that allow drivers to purchase auto insurance with little-to-no money down, other than the first month’s premium. You must pay some amount upfront to activate your insurance. Companies that advertise “no down payment” simply mean that your initial cost is payment of your first installment, without anything extra added on. However, not all drivers can buy car insurance with no down payment, because it depends on the amount of risk the company is taking to insure you. People with poor credit, a poor driving history, or an expensive new car may face a larger down payment.
When buying an auto insurance policy in Florida, you typically have the option to pay your 6- or 12-month premium in one lump sum or in periodic installments. Installments can be monthly, bi-monthly or quarterly. You will save money overall, usually 5%-10% annually, if you can afford to pay your entire premium at once. However, if that’s not possible, find an insurance company that offers a payment plan that suits your budget.
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