Due to steeping rates of car insurance, many residents of Florida are seeking ways to buy cheap auto insurance. However, most of the residents are well aware of the fact that auto insurance requirements in Florida differs greatly from other states. Hence, due care has to be taken while choosing a budget-friendly policy to ensure that you do not miss out any important requirement as mandated by the state law. Buying an affordable and relevant coverage involves complying with coverage requirements in Florida and smart comparison shopping.
Auto Insurance Requirements in Florida
It goes without saying that complying with state laws is indispensable for car owners in the state of Florida. Failing to comply with state laws can invite fines and legal penalties, if you are caught for uninsured driving. In order to avoid such a scenario, it is essential to carry sufficient auto insurance.
Types of Coverages and Coverage Amount in Florida
The state of Florida has made necessary for car owners to carry a minimum policy with two types of coverage, property damage liability (PDL) and personal injury protection (PIP). However, it is advisable to carry extensive coverage to deal with unexpected accidents and collisions that warrant huge finances.
Personal damage liability or PDL insurance in Florida
The PDL or personal damage liability covers the damaged property of the third person due to your fault. The minimum amount of required coverage is 10,000 dollars. Such coverage protects you from any possible law suits in case you are at-fault for the accident. However, you will not receive any money from your insurer for damages caused to your vehicle. So, consider buying an extensive coverage to enjoy enhanced protection.
Personal Injury Protection or PIP insurance
Florida requires a car owner to carry a minimum coverage of 10,000 dollars by way of personal injury protection or PIP insurance. This type of coverage protects your family member, you and other eligible persons inside your car, if they incur personal injuries in an accident no matter who is at-fault in the accident. Though buying the minimum coverage is an affordable option, but a basic policy will not cover any large medical expenses resulting from an accident. Hence, it is a prudent idea to buy a comprehensive coverage.
Bodily Injury Liability Insurance or BIL in Florida
Car owners who have expensive assets to their names must consider buying bodily injury insurance or BIL in Florida. Bodily injury insurance offers financial assistance for major medical bills as well as funeral expenses of victims resulting from a crash caused by you or other eligible persons driving your car. This can save huge potential losses, if the family of the deceased sues you in the court to recoup their losses.
Physical Damage Coverage in Florida
Though not mandatory, but it is recommended to carry this vital coverage. Such a cover offers you financial protection for damages caused to other vehicles. As a result, they do not have to work out a way to deal with the event of collision to repair their vehicles. Saving money on auto insurance in FL.
Comparison Shopping – Compare FL Vehicle Insurance Rates Online – Minimum Coverage from $29 / Month!
Buying such a policy that consists of comprehensive coverage is certainly a costly affair. However, you can bring down the cost of insurance by shopping smartly online. Surf online; obtain quotes from reputed insurers that specifically deal in offering auto insurance in Florida. Compare the rates and the extent of coverage offered by each insurer. After analyzing different insurers, choose the best company that offers a comprehensive coverage in a cost-effective manner. Need affordable Florida automobile insurance policy?
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