What You Need To Know About Auto Insurance In Florida
You’re driving down the street and you see a car with a Florida license plate. The first thing that comes to mind is “Beach!” But then you remember that you’re not in Florida, you’re in [insert your state here]. While it may be tempting to write off Florida drivers as careless, the truth is that they have to deal with a lot when it comes to car insurance. From hurricanes to floods, Floridians have to be prepared for anything when it comes to their auto insurance. In this blog post, we will explore what you need to know about auto insurance in Florida. From common coverage options to discounts and more, read on to learn everything you need to know about insuring your car in the Sunshine State.
What is auto insurance?
Auto insurance is a type of insurance that covers your vehicle in the event of an accident or other incident. In most states, you are required to have auto insurance in order to drive.
There are many different types of auto insurance, and each type provides different coverage. The most common types of auto insurance are liability, collision, and comprehensive.
Liability insurance covers your costs if you are responsible for an accident that damages another person’s property or injures another person.
Collision insurance covers your costs if your car is damaged in an accident, regardless of who is at fault.
Comprehensive insurance covers your costs if your car is stolen or damaged by something other than an accident, such as a fire or vandalism.
Who needs auto insurance?
If you own a car in Florida, you are required to have at least the minimum amount of auto insurance coverage. This includes $10,000 for personal injury protection (PIP) and $10,000 for property damage liability (PDL). You can choose to purchase additional coverage above the minimum requirements, and we recommend that you do so to fully protect yourself and your assets.
If you finance or lease your vehicle, your lender will likely require you to carry comprehensive and collision coverage in addition to the state-mandated minimums. These optional coverages help pay to repair or replace your car if it’s damaged in an accident.
Even if you don’t own a car, you may need auto insurance. If you regularly drive a friend’s or family member’s car, or if you use a rental car frequently, it’s a good idea to have your own auto insurance policy so that you are always covered.
What types of auto insurance are there?
There are several types of auto insurance available in Florida, each with its own set of benefits and coverage options. The most common types of auto insurance are:
-Liability insurance: This type of insurance covers damage or injuries that you may cause to someone else while operating your vehicle. It is required in Florida, and it is the only type of auto insurance that is required by law.
-Collision insurance: This type of insurance covers repairs or replacement costs for your own vehicle if it is damaged in an accident. Collision coverage is not required by law, but it is often required by lenders if you finance or lease your vehicle.
-Comprehensive insurance: This type of insurance covers repairs or replacement costs for your own vehicle if it is damaged by something other than a collision, such as fire, theft, or vandalism. Comprehensive coverage is not required by law, but it may be required by your lender if you finance or lease your vehicle.
-Personal Injury Protection (PIP) Insurance: This type of insurance covers medical expenses and lost wages for you and your passengers if you are involved in an accident, regardless of who is at fault. PIP coverage is not required by law, but it may be offered as part of a liability policy or as a standalone policy.
How much does auto insurance cost in Florida?
Auto insurance rates in Florida vary widely depending on the type of coverage you need and the company you choose. However, there are some general trends that can help you estimate how much your insurance will cost.
Bodily injury liability: This is the coverage that pays for the medical bills of anyone you injure in an accident. In Florida, bodily injury liability is required with a minimum limit of $10,000 per person and $20,000 per accident.
Property damage liability: This coverage pays for damage you cause to another person’s property in an accident. The minimum limit in Florida is $10,000.
Personal injury protection (PIP): PIP covers your medical bills and lost wages after an accident, regardless of who was at fault. PIP is required in Florida with a minimum limit of $10,000.
Collision: Collision coverage pays for damage to your own vehicle if you’re involved in an accident. This coverage is optional in Florida, but if you finance your car it will likely be required by your lender.
Comprehensive: Comprehensive coverage pays for damage to your car from events other than collisions, such as fire, theft or weather damage. Like collision coverage, comprehensive is optional in Florida but may be required by your lender if you finance your car.
How to get auto insurance in Florida
The process of getting auto insurance in Florida is similar to that in most other states. Drivers must have a minimum level of liability insurance, which covers damages to others caused by the policyholder. Many insurers offer various levels of coverage beyond this minimum, and drivers are free to choose the coverage that best suits their needs.
To get started, drivers can get quotes from multiple insurers and compare prices. It is important to compare not only prices but also coverages and deductibles. Once a driver has selected a policy, they can purchase it online or through an agent.
Auto insurance is an essential part of life in Florida. If you’re looking for a new policy, be sure to shop around and compare rates from different companies. And remember, the cheapest option isn’t always the best — make sure you’re getting the coverage you need at a price you can afford.