Margate, FL Auto Insurance Rates, Quotes, Agents & Reviews
Zimlon, through its research, found that car owners in Margate, FL, can avail multiple discounts on car insurance by taking various factors into consideration. These factors are explored in detail by Zimlon in the analysis below.
Factors that can influence the cost of car insurance in Margate, FL are listed below. It is imperative to understand these factors in order to reduce the cost of car insurance. It is also essential to strike a balance between the cost of insurance and the coverage requirements.
- Margate, FL Auto Insurance Rates
- Margate, FL Auto Insurance for Different Deductible
- How the Age of Driver Affects Insurance Rates in Margate, FL
- Multi Vehicle Insurance Savings in Margate, FL
- How Credit Score Affects Car Insurance Rates in Margate, FL
- How DUI Affects Auto Insurance Premiums in Margate, FL
- How Driving Violations Affect Auto Insurance Rates in Margate, FL
- Margate, FL Auto Insurance Discounts on Anti Theft Feature
- Margate, FL Auto Insurance Company Reviews
Margate, FL Auto Insurance Rate Comparisons with Neighboring Locations | Back to Top
The following table compares the cost of insurance in Margate, FL with that of other cities in and around Margate.
| Margate | Tamarac | Parkland | Deerfield Beach | North Lauderdale | Coconut Creek | |
|---|---|---|---|---|---|---|
| Average Insurance Rates | $1,960 | $2,121 | $2,616 | $1,948 | $1,806 | $1,960 |
Margate, FL Auto Insurance Rates vary Based on Deductibles in Neighboring Cities | Back to Top
The following table makes a comparison of the variation in car insurance rates in and around Margate, FL based on the change in deductibles. A higher deductible leads to a decrease in the cost of car insurance.
| Location | Low Deductible ($500) | High Deductible ($1000) |
|---|---|---|
| Margate | $2,873 | $2,426 |
| Coral Springs-Margate | $973 | $822 |
| North Lauderdale | $2,809 | $2,372 |
| Coconut Creek | $1,259 | $1,063 |
| Coral Springs | $1,437 | $1,214 |
| Tamarac | $1,656 | $1,399 |
| Parkland | $2,002 | $1,691 |
| Deerfield Beach | $1,205 | $1,018 |
Margate, FL Auto Insurance Rates Based on the Age of the Driver | Back to Top
Teenagers in Margate, FL usually pay a much higher car insurance rate compared to the rest of the state as they are generally considered to be less responsible behind the wheel. Middle-aged drivers are likely to pay lower car insurance premiums if they are considered to be safer drivers by insurance companies.
| Age of Driver | Insurance Cost |
|---|---|
| Teens | $6,360 |
| 20 Years | $2,518 |
| 30 Years | $1,940 |
| 40 Years | $1,866 |
| 50 Years | $1,728 |
| 60 Years | $1,752 |
| 70 Years | $2,040 |
Margate, FL Car Insurance Discounts for Multi-Car Insurance | Back to Top
Car owners in Margate, FL can obtain discounts if they insure multiple vehicles with the same insurer. The average savings one can obtain are as follows:
| Number of Cars | Auto Insurance Cost | Total Savings |
|---|---|---|
| 2 Vehicles | $3,450 | $470 |
| 3 Vehicles | $5,174 | $706 |
| 4 Vehicles | $6,899 | $941 |
Savings on 2 Vehicles bundle:$470
Savings on 3 Vehicles bundle:$706
Savings on 4 Vehicles bundle:$941
Margate, FL Post- DUI Auto Insurance Rates | Back to Top
Driving Under Influence (DUI) can be an added burden on your wallet. The cost of auto insurance will go up post-DUI. The below graph does a comparison of auto insurance rates before and after DUI in and around Margate, FL.
| Location | Average Insurance Cost | Post DUI Insurance Rate |
|---|---|---|
| Margate | $1,960 | $3,067 |
| Coral Springs-Margate | $2,173 | $3,401 |
| North Lauderdale | $1,806 | $2,826 |
| Coconut Creek | $1,960 | $3,067 |
| Coral Springs | $1,948 | $3,049 |
| Tamarac | $2,121 | $3,319 |
| Parkland | $2,616 | $4,094 |
| Deerfield Beach | $1,948 | $3,049 |
Margate, FL Auto Insurance Rates Based on Credit Score | Back to Top
Car insurance companies can use the Credit Score of car drivers to determine car insurance rates. Car drivers with good credit can avail of substantial discounts on car insurance rates.
| Credit Score | Insurance Cost |
|---|---|
| Exceptional (800-850) | $1,682 |
| Excellent (740-799) | $1,920 |
| Good (670-739) | $2,042 |
| Average (580-669) | $2,665 |
| Poor (300-579) | $3,197 |
Margate, FL Auto Insurance Rates can Increase Based on Driving Violations | Back to Top
Auto insurance rates tend to increase depending on the type and number of driving violations. The driving violations can stay on the record for a considerable amount of time leading to higher auto insurance rates. The severity of the driving violation and place of residence will determine how long the violation stays on record.
| Driving Violation | Cost Increase | Total Insurance Cost |
|---|---|---|
| Driving Without Headlights | +$86 | $2,046 |
| Driver's Failure In Showing Documents | +$190 | $2,150 |
| Driving With An Expired Registration | +$202 | $2,162 |
| Driving At A Considerably Slow Pace | +$425 | $2,385 |
| Using A Cellphone While Driving | +$449 | $2,409 |
| Running A Red Light | +$457 | $2,417 |
| Speeding | +$480 | $2,440 |
| Driving A Vehicle Without The Required Permission | +$610 | $2,570 |
| Driving With An Expired/Suspended License | +$1,321 | $3,281 |
Margate, FL Auto Insurance Rates Based on Anti-Theft Feature | Back to Top
Cars that are equipped with safety devices are less prone to thefts. As a result, auto insurance companies provide a considerable amount of discounts to vigilant car owners. The discounts vary depending on the type and number of safety devices installed.
| Anti Theft Feature | Insurance Cost |
|---|---|
| Audible Alarm | $1,882 |
| Active Disabling Device | $1,882 |
| Tracking Device | $1,842 |
| Passive Disabling Device | $1,823 |
Latest Auto Insurance Reviews in Margate, FL | Back to Top
GeicoFrom the quotes that I gathered when I first started looking, At the time Geico offered the same policies as some other insurance providers for less money, which is great for me.
State FarmOur local agents office and staff handles everything when we call to file a claim. We're thrilled to get great service.
ProgressiveThe experience with Progressive has been nothing but positive. They have recently received a claim from us and looked into it immediately, communicating with us daily.
NationwideStandard. Called almost every other major insurance company and got the same quote from them. Im considering trying to get new quotes soon though and changing companies.
NationwideStandard. Called almost every other major insurance company and got the same quote from them. Im considering trying to get new quotes soon though and changing companies.
GeicoThe customer support is very invasive on the details needed. It feels as if they are trying to mine data or even worse, identity theft. I guess it is in their best interest to get all the facts straight.
21st Century Auto InsuranceThe insurance company I use offers a range of coverage options. There are certain things that are required by the state - namely Bodily Injury and Property Damage. But in terms of collision and comprehensive coverage there are multiple levels of deductible ranging from $200 to $1000. It's also possible to opt out of any collision or other damage and only carry insurance to cover other vehicles if you are in an accident. This allows us to make sensible choices for our two very different cars - one from the late 90s and one from the mid 2010s.
UsaaI feel it might be a bit high for the premium but we have great customer service and have not had any problems when we go to file a claim.