Did you know you now have the flexibility of monthly payments on Florida non-owner FR-44 insurance? Florida has removed the requirement for six-month paid-in-full premiums, making it easier for those needing an FR-44 filing who don’t drive an owned vehicle. This news is welcomed by those who have struggled with a six or twelve-month paid-in-full premium. You still have the option of a discounted six- or twelve-month policy.
Calculation of Monthly Non-Owner FR-44 Payments in Florida
Insurance companies consider several factors to determine your monthly non-owner FR-44 payments. Some include your driving record, age, where you live, and the coverage you want. The following circumstances will result in higher insurance premiums:
- A poor driving record
- Being a teen driver or inexperienced driver
- Living in an area with high accident statistics
- Added coverage over the minimum required in Florida
Risk Assessment: Every insurance company conducts a fair and thorough risk assessment for each potential policyholder. Insurance companies consider factors such as a history of tickets, multiple accidents, or DUI convictions. This analysis ensures that underwriters set monthly payments on Florida non-owner FR-44 insurance that match your level of risk.
Factors that Influence FR-44 Rates
- Driving record. Your driving record is the most significant consideration in determining your FR-44 rate in Florida. The more traffic violations you have, the higher your monthly premiums will be.
- Coverage options. The coverage you choose for your policy affects your rate. If you want more coverage than the minimum liability insurance Florida requires, it may result in higher premiums.
- Insurance company. Every insurance company offers varying rates for non-owner FR-44 insurance based on their risk assessment methods and underwriting criteria.
- Rate shopping. Compare quotes and policies from several insurance providers to get the best deal on your non-owner FR-44 premiums.
UltraCar Insurance for Affordable Florida Non-Owner FR-44
Hundreds of people trust UltraCar Insurance to fulfill their Florida FR-44 insurance requirements after a DUI/DWI. Talk with one of our agents to discuss which payment option works best for you. And we’ll see if you can take advantage of other discounts to lower your insurance payments. We make getting Florida non-owner insurance coverage quick and easy with cheap rates – and no filing fees or other hidden costs! Call us or submit our online quote form today.
