The state of Florida has an average annual insurance rate of $1,364. This makes Florida the 18th least expensive state to buy insurance in the United States. Below are the average insurance rates in the different cities in Florida.
|City||Average Insurance Premium Per Annum ($)|
In the used car market, the Toyota Corolla is an excellent choice. In this feature, we will consider the median prices and insurance rates of the Toyota Corolla in Florida, to figure out the best used car deal for you.
|City||Insurance Average ($)||Median Price ($)||Insurance Percentage (%)|
It is evident from this table that the auto insurance rates are through the roof in Miami, though the median price is comparatively low. If you live here, you will have to spend more on insurance every year, though your initial purchase cost will be lower than what you would have to pay in other cities.
If you live in Pensacola or Ocala, it might be wise to buy your Corolla from Fort Lauderdale or Jacksonville, and either drive it home or have it shipped. The good news is that your insurance costs are considerably lower. You can save on your upfront costs by buying the vehicle from a city where it is cheaper, and invest the money you save to insure your car. While Tallahassee and Ocala have much lower insurance rates, the median price of the Corolla is higher in these cities. Buyers from these cities may also want to consider buying the vehicle from Fort Lauderdale, and then investing in shipping and auto transport insurance costs.