What Makes Car Insurance Expensive in Pensacola, FL

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The average cost of auto insurance in Pensacola, FL, is $1,314 and ranges between $959 and $1,952. The average cost of auto insurance here is lower than that of neighboring places such as Ensley, and Woodlawn Beach. It is also lower than the average cost of auto insurance in the state. Pensacola is the 72nd most populated city in  Florida, with a median household income of $48,686 and a per capita income of $30,595. It has a population of 52,713 according to the U.S. Census Bureau. Numerous factors affect the cost of auto insurance in this city. Car owners can save up to $530 by comparing multiple auto insurance quotes from different insurance companies.

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Driving Record:

A poor driving record can also lead to a massive increase in the cost of auto insurance for car owners in Pensacola, FL. Post-DUI, the cost of auto insurance rises to $2,444. 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 the cost of auto insurance and have a long-term impact on one’s cost of auto insurance. 

Being a safe driver has its benefits since the amount of risk being undertaken by the insurer is low for drivers with fewer violations.

Deductibles:

The rate of deductibles is one of the most common factors affecting the cost of auto insurance in Pensacola, FL. Generally, a low deductible tends to increase the cost of auto insurance, while a high deductible leads to a decrease in the price. But, this also depends on the make and model of the vehicle. For instance, a $500 deductible for a Kia Sportage EX, leads to more savings than a higher deductible ($1,000). However, a higher deductible ($1,000) for a Ford Mustang Boss 302, leads to savings of up to $80.

Demographics:

The age and gender of drivers are major factors that affect the cost of auto insurance. Car owners who are younger 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 male teenagers in Pensacola, FL, is $3,534. Married women pay $1,103 on an average, while senior women pay $1,892.