Florida Minimums
- Bodily Injury Liability: $10,000/$20,000 Limit
- Property Damage Liability (PDL): $10,000 Limit
The state of Florida complies with a No-Fault auto insurance system implying your auto insurer will cover the costs for your injury claims disregarding fault, up to a specified limit. Typically, drivers lose some of the rights to litigate under a No-Fault system. The specific details of this type of auto insurance system can vary for different states, but the general concept is the same.
Personal Injurty Protection in your auto insurance policy helps pay for “reasonable and necessary” medical/hospital costs for you and your passengers. Florida state law requires a minimum Personal Injury Protection (PIP) auto insurance policy of $10,000 for a single driver and $20,000 for all persons in the accident.
Underinsured Driver auto insurance policy is for the event that you’re involved in accident with a driver who does not have auto insurance.This added coverage is optional, but can help minimize costs if you are in an accident with an uninsured and/or underinsured motorist.
The average U.S. insurance premium in 2003 was $914. The average insurance premium in Florida was $1,104 – virtually $200 more. Many Florida drivers believe insurance rates are specified and set by the Florida government, but this is false.
In the real world, tons of Floridians can save on their auto insurance quotes in Florida. To acquire the discounted auto insurance rate quotes, you have to compare insurance rates on the web or meet a licensed insurance agent. You also might be entitled for distinct auto insurance deals that can help reduce your rates.
Compared to 2006, 2007 saw insurance costs go down by .5% to 1%. The first half of 2008 persisted to demonstrate declines, but then the insurance costs started to jump once more through the first months of 2009. The only way to always have the best insurance costs is to comparison shop. rates. Using the internet can help you look into if you’re overpaying for auto insurance and if you can get special offers.
