State Requirements

• Bodily Injury Liability (BIL): $10,000/$20,000 Limit
• Property Damage Liability: $10,000 Limit

Florida is a no-fault state. The conventions of a no-fault legal system stipulate that the auto insurance company pays for the costs of damages resulting from an accident no matter who was responsbile for the accident. These basic regulations vary by state. In this kind of system, people do lose some legal rights to take legal action, but the system helps minimize disputes.

Personal Injury Protection (PIP) helps cover the costs created for everyone involved in an auto accident. There are required minimums for this auto insurance coverage in Florida that each motorists must maintain. For all people involved, the limit is $20,000 and $10,000 is the requirement for a single person involved. These limits are just the absolute minimum each person must have to legally drive in Florida. For supplemental piece of mind, you can uphold higher limits - although your auto insurance premiums will also be higher.

Underinsured Driver auto insurance coverage is for times when you’re involved in an auto accident with a motorist who does not carry a Florida auto insurance policy.This type of insurance is elective, but can help lower costs if you are in an accident with an uninsured and/or underinsured driver.

The mean insurance premium for Florida motorists was $1,104 in 2003; the U.S. average was $914. Several Floridians who incorrectly presume that they don’t have any way of lowering their auto insurance rate. Every Last insurer has a slighly unique way of figuring a customer’s insurance premium so costs will be different by customer. Shopping around can help you find inexpensive auto insurance rates. Auto insurance comparison sites help you discover the competitive prices available in Florida, so average Floridians can get a better-than-mean low rate on their insurance policy.

In 2007, mean auto insurance saw their first fall in about 8 years. In that year, mean insurance rates shrunk by roughly .5% to 1%. In 2008, auto insurance rates slowly began to rise once again and 2009 will be about the same!

Auto insurance websites help Florida motorists save money on their insurance policy. Websites like these permit you to rapidly and simply review rates from several insurers. Utilizing the web can help you check if you’re paying too much for insurance and if you can obtain deals.