"Rate trends" archive.
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Car Insurance Specialists & Florida Independent Agents
Florida Auto Plus Insurance Agency
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Independent agents provide dedicated service and
choice to their clients.  Expect more from us.  We
provide up-to-date
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for the life of your policy. Personal information on
comparison websites exposes you to telemarketers,
spam mail, and identity theft.  
Local auto insurance in neighborhoods throughout the
sunshine state is our area of expertise.
Progressive Insurance quotes online that include a
dedicated independent agent are available here.
As
Florida car insurance specialists and independent
agents we provide value and choice.
2-16-2011
Mercury’s revised private passenger auto product was introduced on February 11, 2011. Changes include a
wider variety of competitive categories (rating tiers), a new proprietary credit scoring model, increased
coverage options, and additional discounts. Bristol West completes its rebranding to parent company
Foremost and introduces their new auto product on February 24, 2011. Call now to see what
all this means
for you.

2-3-2011
Discounts for safety and other features on the car have been impacting rates for a long time. Seat belts, air
bags, anti-lock brakes, etc… are automatically applied to car insurance rates. A new trend is emerging in this
familiar arena. Discounts for going green! Travelers was first to apply a hybrid vehicle discount. However,
newly introduced rate reductions are not always automatic for a renewing policy, so it's a good idea to call
and check.

1-19-2011
If you’re a Florida homeowner with any experience, it’s likely that you are either currently insured by Citizens,
or have been in the past. They are a state-run company, and Florida’s governor wants to raise the rates to
make them “actuarially sound”. The raise translates to a staggering 55% increase for customers. In all reality,
if they don’t implement some type of rate revision, they risk not having enough money to pay for claims in the
event of a big storm. The increase is a logical plan for a short term loss and a long term gain. Stay tuned for
more, updates soon.

11-24-2010
After years of a hard market (strict underwriting & higher prices) conditions are beginning to change and we
are seeing indications of a soft market (easy underwriting & lower prices) across the country. New Jersey and
Florida are excellent examples where Progressive insurance company is leading the way in reducing rates
and accepting more risk. 2011 is shaping up to be the best year for car insurance shoppers in a long time.

11-4-2010
This past year we have experienced sharply increasing car insurance rates. Claims and expense trends have
increased due to ongoing sluggish economic conditions. Many companies are still “catching up”; however,
some companies now have adequate rates and will be more competitive in 2011. Most notable is Progressive
insurance company. They are poised to take back market share they lost this past year while adjusting rates
higher.

10-1-2010
More insurance companies are beginning to realize that Florida DUI insurance for convicted drivers is good
business. Many of these drivers are naturally more cautious and safer drivers after receiving a DUI. They are
mandated to carry high liability limits of 100/300/50. This combination provides a large and profitable
premium for car insurance companies. They are competing and prices are finally dropping for DUI drivers.

7-14-2010
In order to reflect industry trends, inflation, and loss-ratios, most of the major competitors in the auto
insurance market are having rate adjustments. These changes will result in an overall increase, however,
some customers may experience decreases based on their specific policy characteristics. GMAC’s
adjustments will take effect on July14th, Progressive’s adjustments on July 15th, and Mercury’s on August 5th.

5-4-2010
Progressive insurance company is reducing rates and adding more discounts and coverage’s to their
motorcycle policies. Motorcycle insurance quotes and quotes for all off road vehicles will decrease by four
percent on average. A discount based on years of driving experience will now be considered. Other
motorcycle insurance improvements include anti-lock brake discount, total loss coverage, and trip interruption
coverage

.
4-24-2010
Progressive insurance company is adjusting rates for all their Florida policyholders effective April, 28 2010.
The changes will reflect an overall rate increase although a limited number of policyholders may see rates
relatively unchanged or decreased. Recent rated increases and underwriting adjustments in Florida by
Progressive has been in response to market conditions and actual results which have been unfavorable.

3-9-2010
From here, in the “trenches” at our agency, we’re experiencing an increase in applications with Bristol West
insurance company, a subsidiary of Farmers Insurance Group. Infinity Insurance Company is sharply on the
rise too. Rates overall in 2010 have been steadily on the upswing. Keeping rates low at these times will be
more challenging as policyholders will likely see increases in their renewal offers.

2-5-2010
Companies across the board continue to increase Florida car insurance rates. Bristol West (Farmers Group
Insurance) is the latest in our group of companies to adjust rates. Bristol West is very competitive and stands
to increase their market share in the coming months. The new rates will be effective February 4, 2010 for
new
business quotes and March 11, 2010 for renewals

1-26-2010
Florida car insurance quotes are continuing to trend upwards in 2010. Infinity insurance company has
released their latest product revision which also included enhanced features. Florida independent agent
partners of Infinity will now be able to offer quotes and polices from the company through their Websites. The
interactive enhancement became available with Infinity’s latest rate revision. Infinity is a leader with
technology that incorporates independent agents.

1-12-2010
Company rate revisions are tailored to specific risk characteristics and therefore impact policyholders
differently.  Mercury Insurance Group has implemented a rate adjustment for their private passenger auto
business effective on December 10, 2009.  A 7.3% overall average increase will impact Florida consumers.  
Progressive insurance company had their rate increase October 15, 2009.  These adjustments were
necessary due to industry wide rising loss costs.
Florida Auto Plus Insurance, Simply the best.
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9742 Banyan Street Miami, Fl 33157

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