Florida auto insurance has some unique features compared with insurance in other states, and we’ll make the understanding even simpler for you. Here you'll find Florida auto insurance requirements, our recommendations for the coverage you should buy, and insurance laws that are specific to Florida.
The car insurance rate in Florida averages at $1,823 a year. Car insurance companies use different formulas and weigh risks differently for each driver. So rates can vary significantly by insurer, which is why you should compare rates.
Florida laws require that drivers carry $10,000 of personal injury protection (PIP). It covers you, your passengers and other authorized drivers of your car who are injured while in your insured vehicle. You also must have $10,000 of property damage liability to pay for damage to others’ cars.
You certainly can drive with just the minimum coverage mandated by the state. But we recommend that you also purchase bodily injury liability coverage. This pays, up to your policy limits, for injuries others receive in an accident caused by you or other drivers listed on your policy. While not required by the state, many car insurance companies require it as part of any policy they issue in Florida. Here's why: Florida is a no-fault state. Treatment for any injuries you suffer is covered by your personal injury protection, up to its limit. This is regardless of who caused the accident. If bills exceed that limit, the at-fault driver is legally personally responsible unless he or she has bought bodily injury liability coverage.
If you buy bodily injury liability coverage, the smallest amount you can buy is $10,000 per person (up to $20,000 per accident). Homeowners and those with substantial assets need more than that.
Buying the recommended liability coverage with comprehensive insurance and collision coverage will cost more, but generally won’t break the bank. Increasing your insurance from the state minimum to full coverage with a $500 deductible costs, on average, $939 more, or $78 a month.
Source: Carinsurancecom
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