What Makes Car Insurance Expensive in Deerfield Beach, FL?

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The average cost of auto insurance in Deerfield Beach, FL, is $1,948. This is lower than the cost of auto insurance in neighboring places such as Hillsboro Pines, Hillsboro Beach, Watergate, Coconut Creek, and Pompano Beach.

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Credit Score:

Possessing a healthy credit score is essential in lowering the cost of auto insurance in Deerfield Beach. The cost of auto insurance can be high if the credit score of the car owner is “average” or “poor”. For instance, the cost of auto insurance when the credit score is exceptional, in Deerfield Beach, is $1,671, while it can be as high as $2,648 and $3,177 when the credit score is average or poor.

Deductibles:

The rate of deductibles is one of the most common factors affecting the cost of auto insurance in Deerfield Beach, FL. Opting for a higher deductible helps in reducing the cost of auto insurance, while a lower deductible increases it. For instance, in Deerfield Beach, the average cost of auto insurance when the deductible is $500 is $1,205. This reduces to $1,018 when the rate of the deductible is $1,000.

Demographics:

The age and gender of the driver are major factors that affect the cost of auto insurance. Younger drivers end up spending more on auto insurance because of their lack of experience behind the wheel. Consequently, an increase in driving experience can reduce the cost of auto insurance. As the above infographic indicates, the cost of auto insurance for teenagers in Deerfield Beach is a massive $6,321. In contrast, it is as low as $1,718 and $1,742 for drivers in the age groups of 50 and 60.

Driving Record:

A poor driving record can lead to a massive increase in auto insurance costs for car owners in Deerfield Beach, FL. Moreover, post-DUI, the cost of auto insurance rises to $3,049. Other major driving violations can also cause a massive increase in rates. Driving with an expired license or running a red light can severely increase as well as have a long-term impact on one’s premium. The former leads to an increase of $1,313, while the latter leads to an increase of $454. Being a safe driver has its benefits since the amount of risk undertaken by the insurer is low for drivers with fewer violations.