A study showed that 70% of consumers renewed their policy with the same company for at least the last four years, and roughly 40% of drivers have never compared rates with other companies. The average driver in America could save 46.5% a year by just comparing rate quotes, but they just assume it’s a time-consuming process to save money by comparing rate quotes.
Really, the only way to find affordable Buick Lucerne insurance in Miami is to do an annual price comparison from providers that insure vehicles in Florida.
- It will benefit you to learn about how companies price auto insurance and the steps you can take to prevent expensive coverage. Many rating factors that drive up the price like getting speeding tickets and a substandard credit history can be improved by making minor changes in your lifestyle. Keep reading for instructions to get affordable coverage and find available discounts that you may qualify for.
- Request price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give rate quotes from one company like GEICO or Farmers Insurance, while independent agents can give you price quotes from multiple insurance companies.
- Compare the quotes to your current policy premium to see if you can save by switching companies. If you find a better price and buy the policy, make sure there is no coverage gap between policies.
- Give notification to your agent or company to cancel your current policy. Submit a completed policy application and payment to your new company or agent. Once the application is submitted, put the certificate of insurance somewhere easily accessible.
One thing to remember is to try to use similar coverage information on every price quote and to quote with every company you can. Doing this provides the most accurate price comparison and many rates to choose from.
If you already have coverage or need new coverage, you can use these techniques to cut your premiums without sacrificing coverage. Buying affordable insurance in Miami is really quite easy. You just need to learn the quickest method to compare rate quotes from many different companies.
Coverage statistics and figures
The rate table shown next covers estimates of coverage costs for Buick Lucerne models. Having insight into how insurance premiums are formulated helps drivers make smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Lucerne CX | $204 | $370 | $430 | $26 | $128 | $1,158 | $97 |
| Lucerne CXL | $204 | $370 | $430 | $26 | $128 | $1,158 | $97 |
| Lucerne CXL Special Edition | $204 | $426 | $430 | $26 | $128 | $1,214 | $101 |
| Lucerne Super | $228 | $426 | $430 | $26 | $128 | $1,238 | $103 |
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Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Rates do not factor in vehicle garaging location which can lower or raise rates noticeably.
Raise deductibles and save
The hardest decision when buying coverage is where to set your physical damage deductibles. The rates shown below may help you to understand the costs and benefits between low and high policy deductibles. The first rate estimation uses a $250 deductible for physical damage and the second set of rates uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Lucerne CX | $364 | $640 | $418 | $24 | $124 | $1,595 | $133 |
| Lucerne CXL | $364 | $640 | $418 | $24 | $124 | $1,595 | $133 |
| Lucerne CXL Special Edition | $364 | $736 | $418 | $24 | $124 | $1,691 | $141 |
| Lucerne Super | $406 | $736 | $418 | $24 | $124 | $1,733 | $144 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Lucerne CX | $224 | $402 | $418 | $24 | $124 | $1,192 | $99 |
| Lucerne CXL | $224 | $402 | $418 | $24 | $124 | $1,192 | $99 |
| Lucerne CXL Special Edition | $224 | $464 | $418 | $24 | $124 | $1,254 | $105 |
| Lucerne Super | $250 | $464 | $418 | $24 | $124 | $1,280 | $107 |
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Premium costs do not factor in specific zip code location which can influence auto insurance rates noticeably.
Based on this data, we can arrive at the conclusion that using a $250 deductible costs an average of $35 more each month or $420 every year across all Buick Lucerne models than requesting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have at a minimum 21 months between claims, you would save money if you choose a higher deductible. Here is a better example of how you can do this calculation yourself.
| Average monthly premium for $250 deductibles: | $138 |
| Average monthly premium for $1,000 deductibles (subtract): | – $103 |
| Monthly savings from raising deductible: | $35 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $35 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 21 months |
One thing to note is that raising deductibles to save money results in a higher out-of-pocket expense when you file a claim. That will force you to have some extra savings in the event you have to pay more for the deductible.
Gender differences in insurance premiums
The illustration below visualizes the comparison of Buick Lucerne insurance rates for male and female drivers. The premiums are based on no driving violations, no at-fault accidents, full physical damage coverage, $500 deductibles, marital status is single, and no discounts are factored in.
Full coverage rates vs. liability-only
The chart below shows the comparison of Buick Lucerne auto insurance rates with full physical damage coverage and with liability coverage only. The rate quotes are based on no claims or driving citations, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.
Should you pay for full coverage?
There is no clear-cut rule that works best for making the decision to drop comprehensive and collision coverage on your policy, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than about 10% of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.
For example, let’s say your Buick Lucerne claim settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $2,000 after paying the physical damage deductible. If you are paying more than $200 annually for physical damage coverage, then you may need to consider dropping full coverage.
There are some conditions where dropping physical damage coverage is not a good plan. If you have an outstanding loan on your vehicle, you are required to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should keep full coverage in place.
Smart Consumers Can Lower Insurance Rates
An important part of buying insurance is that you know a few of the rating criteria that help calculate the level of your policy premiums. If you understand what controls the rates you pay, this helps enable you to make changes that will entitle you to better car insurance rates. Lots of factors are considered when you get a price on insurance. A few of the factors are predictable such as your driving history, but others are not quite as obvious such as whether you are married or your financial responsibility.
Insurance rates for married couples – Being married may cut your premiums on your car insurance bill. Having a significant other may mean you are more mature than a single person and statistics show married drivers tend to file fewer claims.
What are good liability protection limits? – Your policy’s liability coverage kicks in when a jury decides you are liable for personal injury or accident damage. This coverage provides you with a defense in court to attempt to prove you were not liable. Liability insurance is quite affordable when compared to the cost of physical damage coverage, so insureds should have plenty of protection for their assets.
Low comp and collision deductibles mean high rates – Your deductibles define the amount you are required to spend out-of-pocket if the claim is covered. Physical damage protection, also known as collision and other-than-collision, insures against damage to your car. Some coverage claims would be rear-ending another vehicle, collision with a deer, and damage caused by road hazards. The more you choose to pay out-of-pocket, the less your car insurance will be.
Mileage impacts prices – The more you drive annually the higher your rates will be. A lot of companies price each vehicle’s coverage based upon how you use the vehicle. Cars that have low annual miles can be on a lower rate level than vehicles that are driven to work every day. Verify your car insurance coverage correctly shows how each vehicle is driven. Incorrect rating for your Lucerne may be costing you higher rates.
Which auto insurance company is best in Florida?
Selecting the right insurance company can be challenging considering how many different companies sell coverage in Miami. The information in the lists below may help you choose which providers to look at when comparing rate quotes.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
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Data Source: Insure.com Best Car Insurance Companies
Final considerations
The cheapest Buick Lucerne insurance in Miami can be bought both online as well as from independent agents in Miami, and you should compare price quotes from both so you have a total pricing picture. There are still a few companies who don’t offer rates over the internet and usually these regional carriers only sell coverage through independent agents.
When getting Miami auto insurance quotes online, it’s a bad idea to skimp on coverage in order to save money. There are many occasions where an insured cut uninsured motorist or liability limits and learned later they didn’t have enough coverage. Your focus should be to buy a smart amount of coverage at a price you can afford while not skimping on critical coverages.
To read more, feel free to browse the following helpful articles:
- Teen Driving Statistics (GEICO)
- Who Has the Cheapest Auto Insurance Quotes for a Dodge Ram in Miami? (FAQ)
- Who Has the Cheapest Miami Auto Insurance Rates for a Jeep Grand Cherokee? (FAQ)
- Who Has Affordable Auto Insurance for Drivers Under 21 in Miami? (FAQ)
- What Insurance is Cheapest for State Employees in Miami? (FAQ)
- How Much is Miami Car Insurance for Teenage Males? (FAQ)
- What Auto Insurance is Cheapest for Drivers with a Bad Driving Record in Miami? (FAQ)
- Shopping for a Safe Car (Insurance Information Institute)
- Vehicle Safety Ratings (iihs.org)