Will It Cost More To Insure My Electric Vehicle?

New types of vehicles are giving consumers more choices for their vehicles. Many of these vehicles have higher price tags than traditional internal combustion engine vehicles, with more complex technologies, and, therefore, have higher insurance costs. At Jet Stream Insurance Group in Miami Lakes, FL, we can help you find the right auto insurance for your vehicle needs.

Factors That Affect Auto Insurance Premiums

When you get an auto insurance quote, many factors go into calculating your premium. The type of car you drive, your age, your driving experience, your credit history, your auto insurance history, your gender, and even your occupation can affect the price. Even where you live, your educational level and marital status play a part in the pricing. Generally, the insurance will look at how responsible you are, how stable your finances are, and how much risk is involved in your driving routine.

Electric Vehicles Are More Complex

Parts for electric vehicles cost more, which translates into higher premium rates. Electric batteries for these vehicles are quite expensive, so replacing a damaged battery represents a significant loss to the insurance company. Repair centers for electric vehicles are not yet widespread, so prices for these services are higher than for traditional vehicles. So, your auto insurance may be somewhat higher than for a gas-powered vehicle, depending on the type of car.

Choose Jet Stream Insurance Group LLC for your Auto Insurance Needs

Our experienced agents in Miami Lakes, FL, can answer your questions about auto insurance so you can feel confident about your policy coverage. Contact Jet Stream Insurance Group LLC for a no-obligation quote on auto insurance for your electric vehicle.

Four rules to follow when you buy auto insurance

Motorists in Miami Lakes, FL can get auto insurance coverage from Jet Stream Insurance Group LLC. When you purchase auto insurance, there are a few important rules to follow.

Here are four rules to follow when you buy auto insurance: 

Don’t just meet minimum coverage requirements

You’re only legally required to purchase enough coverage to satisfy the minimum liability coverage requirements. In Florida, minimum requirements are $10,000 in personal injury protection and at least $10,000 in property damage liability coverage. 

If you really want to protect yourself financially, you should purchase more than just enough coverage for the minimum requirements. Otherwise, you could find yourself heavily in debt if you end up at fault in a bad accident. 

Include collision coverage on your policy

Some motorists are tempted to just get liability coverage because they are not required to purchase collision coverage by law. However, it’s best to purchase collision coverage so that you know that damages to your own vehicle will be covered. 

Provide accurate information on your driving history

Be sure to give honest and accurate information about your driving history to auto insurance providers. Auto insurance companies will probably check your driving record and find out about any infractions anyway, so honesty is the best policy. 

Always shop around

Motorists should also get multiple quotes before they buy a policy. When you have a few quotes that you can compare, you can make sure that you’re getting a good deal on your auto insurance policy. 

We Are Here To Help

If you’d like to learn more about auto insurance and get a quote on a policy, contact us at Jet Stream Insurance Group LLC. We’ll answer all your questions about covering your vehicle in Miami Lakes, FL. 

Make sure your auto policy includes uninsured driver protection!

Jet Stream Insurance Group LLC is here for the Miami Lakes, FL community. Residents in our area rely on us for all of their insurance needs, including auto policies. If you have questions about your current policy or need a new one, please call our office today.

Why uninsured driver protection is so important

Unfortunately, there are many uninsured drivers on the road in Florida. This means that when they are involved in an accident, there is no corresponding coverage for the other parties. Without uninsured driver protection, a person could be left having to pay for their own expenses.

This important coverage can help policyholders avoid being left with the financial responsibility for damages and injuries that are caused in an accident that involves an uninsured driver. Without this additional policy coverage, an accident can be catastrophic in more ways than one.

When an injury-causing accident occurs, there is enough to worry about other than medical expenses and car repairs. Unfortunately, these concerns can take center stage when it is unclear how the expenses will be paid. There is enough to get through after such an accident, that this additional stress can be overwhelming.

With the appropriate amount of protection against uninsured drivers, it is possible to protect oneself from the financial responsibility that can arise from such an incident. Now is the time to review current auto policies to ensure they have this coverage. 

Our team is on your side!

If you live in the greater Miami Lakes, FL area, you can count on the Jet Stream Insurance Group LLC for all of your insurance needs. We are here to help you obtain the right insurance protection for your needs. Call or stop by our office today to find out more.

4 Things You Should Know About Florida Auto Insurance

Once you have a license in hand, you have nothing to think about other than hitting the road. However, before starting to cruise the Miami Lakes, FL streets, you need to establish whether you have the right auto insurance. Otherwise, your ride can turn into a nightmare when involved in an accident. How well do you know Florida car insurance? Whether you have zero or little knowledge of auto insurance, Jet Stream Insurance Group LLC is here to share insights on car insurance to help you understand this coverage better.

Car insurance is mandatory in Florida.

While driving your car on public roads, the Sunshine State requires you to carry valid auto insurance. If you drive without auto insurance, your driver’s license and car plates can be suspended for up to three years, and you will need to pay $500 to have them reinstated.

Here are the state-required auto insurance coverages

According to the laws of Florida, drivers are required to have the below minimum coverages in their auto insurance:

  • Personal injury protection (PIP) coverage: This coverage pays for your medical expenses and partial loss of income regardless of who was at fault for the accident. 
  • Property damage liability: This coverage pays for damage costs you cause to other people’s property. 

While the minimum required amount is $10,000 for each of the above coverages, you should raise this amount for optimal coverage.

Florida is a no-fault state.

In America, 12 states have no-fault insurance laws, and Florida is one of them. Here it means that drivers are required to get coverage for their own injuries and property damages. What it means is that regardless of who was at fault for the accident, everyone is required to claim for damages and injuries from their insurance. 

There are other auto insurance coverages.

While it’s essential to consider the state-required auto insurance minimums, you need to consider other options for all-around protection. These include:

  • Comprehensive coverage
  • Collision coverage
  • Underinsured/uninsured motorist coverage
  • Umbrella insurance
  • Roadside assistance

If you search for auto insurance in Miami Lakes, FL, you can’t go wrong with Jet Stream Insurance Group LLC. Contact us today for an affordable quote.

Three auto insurance liability requirements in the state of Florida

It’s crucial that motorists in Miami Lakes, FL meet their insurance coverage requirements to drive legally. At Jet Stream Insurance Group, LLC, we help motorists find the right insurance policy for their needs.

The following are three auto insurance liability requirements that Florida drivers need to meet.

Florida requires $10,000 in bodily injury coverage for individuals and $20,000 in total bodily injury coverage per accident.

One of the most significant potential expenses in an auto accident is medical bills resulting from bodily injury.

For basic liability insurance in Florida, you need to have an auto insurance policy with at least $10,000 in bodily injury coverage for an individual. For accidents where multiple individuals are injured, you need to have coverage of at least $20,000 in total. 

Florida requires $10,000 in property damage coverage.

You need to carry coverage for possible property damage from an auto accident that you are involved in. You need to carry at least $10,000 in property damage coverage. However, it’s a good idea to carry more than this because a vehicle accident can often result in more than $10,000 of property damage. 

The state of Florida also requires uninsured motorist coverage.

Some states require motorists to have uninsured motorist coverage that kicks in if they are involved in an accident with a motorist who does not have insurance coverage.

The requisite amount of uninsured motorist coverage for Florida auto insurance policies is $10,000 in coverage for damages per individual and $20,000 in coverage for damages per accident. 

Of course, it’s best to have an auto insurance policy in Miami Lakes, FL that does more than meet state liability requirements. At Jet Stream Insurance Group, LLC, we offer insurance policies that meet liability needs in addition to providing options like collision and comprehensive coverage.