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Car Insurance Rates in Saint Petersburg

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Here's what you need to know...
  • Florida is a no-fault state
  • St. Petersburg drivers must have $10,000 in personal injury protection and $10,000 in property damage liability
  • Auto rates are steadily rising at the rate of twice a year since 2009, in what was already one of the most expensive states in the country

Saint Petersburg is located in Pinellas County and is one of the largest cities in the state of Florida. Originally, the economy of St. Petersburg was based on fishing, but that has changed over the last several years.

The city is now a major tourist attraction due to its mild, sunny climate. The large numbers of tourists, along with its 250,000 residents, can make the streets of St. Petersburg rather congested.

To make certain that everyone is safe when traveling on the roads of St. Petersburg, there are some minimum Saint Petersburg car insurance requirements that all drivers must maintain.

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Requirements for Auto Insurance in St. Petersburg

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Florida has very low minimum requirements compared to many other states in the country and this is not always a good idea. This is because just one accident has the potential to bankrupt a driver.

Florida practices a no-fault insurance system, which means that all costs incurred in an accident up to a given amount are paid for by the driver’s own insurance company.

Unlike the Tort system, drivers involved in accidents in St. Petersburg essentially give up the right to sue the driver at fault.

Since bodily liability coverage is not required in St. Petersburg, being involved in an accident with an individual having little or no bodily liability coverage can leave one with no legal recourse.

It is common sense to realize that if a driver has no significant liability insurance, then they probably do not have any assets from which one can recover the losses due to an accident.

Generally, a home is the most common asset people have, and in St. Petersburg that is protected under the Homestead laws.

So to protect themselves many people get Uninsured/Underinsured Motorist Coverage. This type of a policy allows one to be compensated in case the other driver cannot pay for the cost of injuries incurred in an accident.

Saint Petersburg Laws for Auto Insurance

Before registering a vehicle, St. Petersburg car insurance law requires one to obtain a minimum amount of car insurance and get the verification (VIN) number. Additionally, the insurance must be purchased from a Florida Office of Insurance Regulation licensed company.

Drivers must have $10,000 in personal injury protection (PIP) and $10,000 in property damage liability (PDL).

Only drivers who have been convicted of certain prior offenses may be asked by the DMV to carry additional bodily injury liability insurance. Three examples are listed below:

  • Property Damage Insurance — pays for one’s liability in cases where they damage another person’s car or some other property. It also provides for legal defense in case the party files a lawsuit.
  • Personal Injury Protection — sometimes also known as “no-fault” coverage and is designed to pay claims without regard to which party involved in an accident is at fault. The insured party’s premiums should not be increased after a PIP claim.
  • Bodily Injury Liability — designed to protect an individual from claims made against them by other people. It pays for the legal expenses, medical bills, loss of income out of pocket travel expenses for medical care, etc. It does not pay the insurance carrier or other people named on the policy; it pays the third party so the insurance policyholder does not have to pay out of pocket.

Car Insurance Companies & Agencies in St. Petersburg

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Car insurance is mandatory in St. Petersburg, but finding the right coverage that suits individual needs while providing the best protection possible can be daunting. St. Petersburg car insurance car insurance companies can help one find that, without making it a costly process.

To attract new business and hold on their existing customers, each St. Petersburg insurance agency strives to build on their good reputation. They offer discounts and provide advice on how to keep car insurance premiums at their minimum.

Also, they make it easier for customers to compare policies online so that potential customers can find the best possible rates. In addition to the three insurance plans mentioned above, St. Petersburg insurance agencies offer numerous other optional types of policies like:

The rates of premiums are based on a large variety of different factors that include:

  • An individual’s driving record
  • Where they reside
  • Type of car they drive
  • The individual’s age
  • Credit score
  • Annual mileage

Drivers with less driving time on the road, mostly driving in less congested urban streets with good driving records, will generally be eligible for better premium rates, as opposed to drivers who are driving in less safe cars on congested city streets for long hours.

Car insurance companies use different criteria and employ varying formulas for determining premium rates. This is why different companies give different quotes for the same driver when comparisons are carried out online. It is a good idea to compare car insurance rates frequently, even if one already has insurance, to make sure that they are not paying too much.

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Average Rates for Auto Insurance

According to statistics, residents of Saint Petersburg pay $1,630 annually for Florida car insurance.

Auto rates are steadily rising at the rate of twice a year since 2009, in what was already one of the most expensive states in the country.

The reason for the steadily rising insurance rates is the spiraling PIP claims. There are allegations of PIP fraud. It is claimed by state investigators and insurers that people stage minor accidents in which there are either no injuries or very negligible ones and they go to clinics for medical care. Those clinics then collect the $10,000 insurance payouts.

Many St. Petersburg car insurance companies offer discounts for drivers that take steps to reduce their risks by:

  1. Protecting their car against theft.
  2. Making sure the car is safe to drive.
  3. Taking defensive driving courses and becoming better drivers.

Saint Petersburg Driving and Car Insurance Statistics

U.S Census data shows that:

  • the population of St. Petersburg is made up of 47.70 percent males and 52.30 percent females
  • 14 percent of the drivers are between the ages of 15 and 24 years of age
  • 37 percent  of drivers are between 25 and 44
  • 49 percent of drivers are 45 years and over

In 2008, there was a total of 114 fatal car accidents reported in St. Petersburg with over 80 percent being caused by male drivers and a little below 20 percent being caused by female drivers. The average speed of the car at the time of the crash was 35 mph.

Comparing Quotes for St. Petersburg Auto Insurance

From the multitude of insurance companies selling car insurance, how does one go about selecting the best one?

The signs of a top company include financial stability, its pricing, and its public reputation. The ideal way to determine which company stands out above all the rest is to compare them online and find the one that offers low rates on car insurance.

By inserting your ZIP code, one is able to get multiple rates from different insurers. The whole process is very simple, fast, and free of charge. The greater the number of companies one compares, the better the chances of one finding a company that will be ideally suited to their specific needs.

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