Auto Insurance Requirements
Each person that drives a registered car has no choice but to carry Florida’s minimum car insurance coverage requirements. Minimum car insurance coverage requirements include the following:
Florida Auto Insurance Laws
The old no fault system that Florida practiced expired in 2007. Having said this, Florida features a new no fault system. This new system does not require drivers to carry personal injury protection insurance coverage. In addition, drivers do not need to carry collision insurance, compensation coverage, or uninsured motorist insurance coverage.
If you do not keep insurance on your registered vehicle, the Department of Highway Safety and Motor Vehicles will suspend your driver’s license. This can last for up to three years until you provide proof of your insurance.
Drivers do not need to carry uninsured/over insured insurance coverage. However, if a driver decides not to carry uninsured or over insured driver insurance coverage, that insurance company has to provide a declaration page stating that the driver does not carry uninsured or over insured driver insurance coverage.
Florida Auto Insurance Coverage
Available auto insurance coverage includes personal injury protection, medical payments coverage, liability coverage, physical damage coverage, extended personal injury protection, and uninsured motorist coverage.
Personal injury protection is a type of insurance coverage in which insurance companies offer payment for an injured person’s lost wages and medical expenses.
Liability coverage protects insured men and women from legal liability if they cause injury or property damage during an accident.
Medical payments coverage is a voluntary type of insurance coverage. It is designed to help personal injury protection. Medical expenses are paid in full up to a specific amount when a person has medical payments coverage.
Uninsured motorist coverage offers benefits for the insured person’s bodily injury. This is only if that injury is caused by the negligence of a motorist who is not insured for liability. It also covers damages if that motorist does not have enough insurance to cover all of the costs.
Physical damage provides benefits to injured men and women who have physically damaged their vehicle in an accident. There are two types of physical damage: collision damage and comprehensive damage.
Extended personal injury protection is an insurance policy that increases the amount of money that is paid for lost wages and medical expenses.
Cheap Florida Auto Insurance Quotes
The best way for a driver to find cheap Florida auto insurance quotes is to look online. There are many different ways to find free auto insurance quotes online. For example, many different car insurance companies offer quotes at no cost. In fact, auto insurance representatives can draw up a policy for drivers in around thirty minutes.
Different auto insurance companies are also a part of Web sites that allow you the chance to compare different quotes for different types of coverage that you may be interested in. All you need to do is provide specific information to that Web site in order to find cheap Florida auto insurance quotes.
Florida Auto Insurance Ratings
There are many different national rating institutions available. National rating institutions rate different insurance companies so you know what you are getting into when you purchase auto insurance from different auto insurance companies. In fact, many national rating institutions provide financial strength ratings. Financial strength ratings are extremely important. Financial strength ratings provide an analysis of any potential risks that could affect an insurance company’s ability to pay for damages when the time comes.
Florida Auto Insurance Rates
The average insurance premium for Florida is around one thousand dollars. The average premium for Florida is the fifth most expensive average in the entire nation. The national average for insurance premiums is around eight hundred dollars.
Florida Auto Insurance Companies
It is possible for you to find Florida auto insurance companies easily. All you need to do is perform a little bit of research. However, conducting an Internet search should give you all of the information that you need. For example, you may be able to find a Web site that offers different insurance quotes from different companies. These types of Web sites are designed to help you find affordable insurance polices for you and anyone else on your insurance. All you need to do is fill in the information that is required by the Web site. It is important for you to be truthful as you fill out this information. The information that you provide will be used to give you an accurate car insurance quote.