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Del Toro Insurance
July Del Toro Insurance linkedin

One of our Managers at Del Toro Insurance has just joined to our Distinctive Franchise System becoming in the owner of her own business !!! Congratulations on this great partnership!!.

July Del Toro Insurance linkedin

A Friday 12th of wonderful news!! A new franchisee joined our Distinctive Franchise System. The Chilean Community Welcome to the Del Toro family!.

July Del Toro Insurance linkedin

On the eve of July 4, what better news than continuing to expand our Distinctive Franchise System in West Palm Beach. Welcome to the Del Toro family.

June Del Toro Insurance linkedin

Second new franchisee of this blessed Tuesday, join our Distinctive Franchise System. Welcome to the Del Toro family.

June Del Toro Insurance linkedin

Another new franchisee has joined right now to our Distinctive Franchise System. Welcome to the Del Toro family.

June Del Toro Insurance linkedin

Just a few minutes ago, a new franchisee joined our Distinctive Franchise System. The Ecuadorian community welcomes the Del Toro family.

June Del Toro Insurance linkedin

The family continues to grow, minutes ago other new franchisees have just joined our Distinctive Franchise System. Welcome to Del Toro family.

June Del Toro Insurance linkedin

Today, as part of our participation in the Annual Convention of the Florida Association of Insurance Agents (FAIA) held in Orlando, Del Toro Insurance held a seminar this morning to promote the growth of the insurance industry through franchises. Entrepreneurs and business owners participated in the event.

May Del Toro Insurance linkedin

Taking a big step and adding new services, two entrepreneurial businesswomen join our family. Welcome Gordon & Oropeza to Del Toro Insurance family.

Del Toro Insurance Youtube

Del Toro Insurance

Fomentando el camino hacia la industria de los seguros

América TV captó todo lo que fue el fórum y la celebración de los 25 años de Del Toro Insurance. Con Del Toro Insurance tienes todo lo que necesitas para estar bien asegurado y además crecer profesionalmente con tu propia franquicia. Si eres emprendedor y quieres asegurar tu futuro empresarial con una marca consolidada!! Esta es tu oportunidad, completa el formulario y uno de nuestros agentes se estará comunicando contigo con todas las dudas que tengas para emprender tu negocio.

Annual Convention of the FAIA
June, 2024

Del Toro Insurance 25th Anniversary

Del Toro is a family business and that has defined much of the path it has traveled to this day. The main reason for starting out in this industry has been to contribute to a community that needs us and with which we feel an eternal commitment. Growth would not have been possible without the support and permanent exchange with our community whom we have tried to serve with immense respect.
On the other hand, we have tried to provide a service that is also deeply rooted in family values because we consider that targeting the well-being of families in a society that is transforming day by day is essential. We have simply delivered transparency, honesty, trust and loyalty, which I believe have really been the key to being able to treasure the preference of our clients over the years.
Time really passes very quickly. We began our journey in a small office located in the west of the county. Today we are a solid company with a commercial presence throughout the state of Florida and an increasingly large group of franchisees who have opted to be part of the Del Toro family, making our business model their own. To our pride, the vast majority have been families that have turned to entrepreneurship and that, today, replicate those values of transparency, honesty, trust and loyalty to their clients.

Auto Insurance Florida

Understanding How Oil Prices Impact Auto Insurance in Florida

Sep 06, 2023

When people think of Florida, some of the things that come to mind are beautiful coastlines, warm breezes, picturesque landscapes, gorgeous sunsets, and a wide variety of attractions and theme parks to enjoy. While all of that is true, Florida also has the most unfavorable gas prices in the country according to a report by the AAA.

Gas prices typically rise slightly around holidays, but 2023 is different. The price is not decreasing in Florida, even though local residents have gone back to their normal daily routines and are no longer driving as much. Normally, this would result in lower gas prices. Instead, in the week after the holiday, the price of gas rose 11-cents per gallon according to an article written by Andrew Gross, Manager of AAA Public Relations, and Devin Gladden, on the AAA Newsroom website.

Mr. Gross says the hike comes, in part, as a result of potential interest rate increases in the near future. Also, as oil is the main ingredient in gasoline, the increasing price of crude is continuing to increase the price at the pump. Let’s take a look into how oil prices impact the cost of auto insurance rates for Floridians.

How do oil prices impact auto insurance rates in Florida?

Believe it or not, there is the connection between the price of oil and automobile insurance rates in Florida. According to the Florida Highway Safety and Motor Vehicles website, every registered vehicle (even if it is not being used) must have automobile insurance. Florida requires that the person in whose name the vehicle is registered must prove they have purchased Personal Injury Protection (PIP) and Property Damage Liability (PDL) insurance coverage. This is mandatory and a vehicle will not be registered without it. When financing an automobile, it’s important to know that most lenders require additional insurance. This is known as “comprehensive” coverage, which will insure against risks such as accidents, theft, and other unforeseen incidents that might damage the vehicle being financed. Many residents opt for this insurance, as well.

So, how does oil impact insurance rates? Oil is a key ingredient in many products we use on a daily basis. High oil prices directly contribute to inflation by increasing the overall cost of everything. Insurance is no exception. Since insurance is mandatory in Florida, these increases affect every policyholder in the state.

Can fluctuations in oil prices affect the cost of auto insurance for Florida residents?

Insurance rates are directly affected by the number of drivers on the road and the frequency of accidents in the state, while fluctuations in the price of oil have an indirect effect.
When oil prices are low, it can mean more drivers on the road, hence, more accidents. An increase in oil prices means an increase in the cost of services, which means insurance companies are paying more for repairs, parts, and/or medical services. In this case, the insurance company doesn’t have many choices if they want to stay in business. Therefore, like every other business, they must pass the increased costs on to their customers, in the form of higher premiums or higher deductibles.

How quickly can changes in oil prices impact the auto insurance market in Florida?

It happens fast! The auto insurance market is known for its adaptability and responsiveness to a hike in oil prices and other external factors. Insurers are very aware of any number of markets, including oil, and their experts spend time analyzing data and market trends to swiftly make any necessary adjustments.

How does the price of crude oil impact the overall cost of owning a car and, consequently, auto insurance rates in Florida?

The price of crude oil impacts car ownership in a variety ways. When oil prices increase, it results in an increase in the cost of fuel, which affects a driver’s budget. Manufacturing expenses, transportation costs, and the demand for vehicles also increase exponentially.

Insurers have a difficult task in managing risk and calculating premiums for auto insurance. Florida drivers do have a few options. They might choose to change their vehicle usage or seek alternate modes of transportation. Maybe walk to a nearby destination instead of taking the car? Exercise and saving money at the same time can’t be a bad thing!

In conclusion, insurance companies are able to adapt quickly to constantly changing oil prices so they can offer competitive automobile insurance rates to Florida residents.

One of the preeminent insurance providers in the state is Del Toro Insurance. They’re currently serving the following locations: Hialeah Gardens, FL, Margate, FL, Homestead, FL, Palmetto Bay, Cutler Bay, Hialeah Gardens, FL, North Miami Beach, Coral Gables, Hialeah, FL, Naples FL, and Miami, FL. Contact them today to learn how they can assist with your automobile insurance needs.

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