Know Florida Auto Insurance Laws

The no-fault portion of your coverage in Florida pertains to bodily injuries, meaning that in the event of an accident, each party is responsible for their own medical bills and other costs related to the injuries sustained in the accident

In Florida you are required to carry property damage liability and personal injury protection.  Florida requires you carry a minimum of $10,000 in coverage it is highly recommended you carry much more than that. 

That said it is recommended that you carry more than the minimum required by law.  $10,000 really is not very much if you are seriously injured.

PIP or personal injury protection covers your injury related expenses, regardless of who was at fault in the accident.  Covered benefits include some compensation for necessary medical expenses, lost wages, lost services, and even funeral expenses.

Florida auto insurance laws require some drivers, such as those with previous accidents or violations, to carry bodily injury liability. This coverage helps pay for the cost of injuries you cause to another if there is an accident. 

Bodily injury liability carries a minimum of 10/20 which means you must carry $10,000 per person for injuries you cause to the other party, up to a $20,000 total.  However, these are only minimums, and higher limits are recommended to protect your financial future.

In addition to required liability coverage, Florida drivers can purchase coverage for first party benefits.  First party benefits include compensation for medical expenses, loss of income, and loss of services. These benefits apply to every accident.

Uninsured and underinsured motorist policies also cover your expenses, but these apply in the event that you are struck by a driver with inadequate liability insurance. These policies are not required, but they're relatively inexpensive, and can provide a lot of protection.  Click Here to Save Money on Auto Insurance.

Florida auto insurance companies will also offer optional policies such as collision and comprehensive coverage. 

The mandatory minimum requirements are way too low for the average cost of serious injuries and financial loss from an automobile accident.  All insurance agents recommend you purchase much higher levels of liability insurance. 

You need to find the right mix.  Don’t over insure because that is a waste of money, but don’t get caught underinsured because that can ruin your life financially.

Auto insurance companies also offer optional coverage such as medical payments, collision, comprehensive, and uninsured and underinsured motorist’s bodily injury coverage.

When comparing insurance be sure to compare equal policies.  Make sure the deductibles are the same, that the exemptions or fine print reads the same and that the liability is for the same amount. 

It is important to compare policies of equal quality to make sure your cheapest quote truly is your cheapest quote.

Why not start getting free online quotes right now?  What can it hurt?  You may be able to instantly start saving money with cheaper insurance rates.