The Cheapest Auto Insurance Florida
Car insurance Florida policy can help protect you financially if you are involved in an accident or your vehicle is damaged. Get in touch with independent insurance agency F&N to get auto insurance Florida coverage. We have the best insurance agents in Homestead, Miami, Orlando.
Florida Car Insurance
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This is designed to provide you with a layer of protection against property, liability, and medical costs following an accident. However, choosing the right one can be overwhelming. Reach out to our independent insurance agency to learn more and find the auto insurance Florida policy that’s right for you.
F&N offers auto insurance in Homestead, Orlando auto insurance, Miami car insurance and coverage across Florida.
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Florida Vehicle Insurance Laws
Car insurance Florida laws are designed to protect drivers and passengers in the event of an accident, and it’s crucial for residents to understand these requirements to avoid legal issues. The state follows a no-fault insurance system, which means that after an accident, your insurance company will cover your medical expenses, regardless of who was at fault. This is why Florida mandates that all drivers carry Personal Injury Protection (PIP) as part of their auto insurance.
Minimum Insurance Requirements in Florida
Florida law requires drivers to have the following minimum coverage:
- Personal Injury Protection (PIP): Drivers must carry at least $10,000 in PIP coverage. This insurance covers medical expenses, lost wages, and death benefits resulting from an accident, regardless of fault. PIP typically covers 80% of necessary medical expenses and 60% of lost wages, up to the $10,000 limit. It also provides coverage for the driver, passengers, and even pedestrians involved in the accident.
- Property Damage Liability (PDL): In addition to PIP, Florida drivers must have at least $10,000 in Property Damage Liability (PDL) coverage. This insurance covers the cost of damages to another person’s property, such as vehicles, fences, or buildings, in the event you are at fault in an accident.
Is Auto Insurance Florida Required?
Drivers must maintain coverage with limits that meet the state’s mandated minimums. If you lease or finance a vehicle, the lienholder typically requires physical damage insurance coverage, and comprehensive one. We may recommend additional policies and endorsements, depending on your situation.
How Does It Work?
There is a contract between an insurer and an individual. You’ll pay premiums for your chosen coverage. Insurers use various data points to calculate premiums, with your driving record, claims history, location age, and the policies you select.
The aftermath of an accident may include repair costs, medical expenses, and potential legal fees. Having a clear policy can help reduce the financial impact of an accident. Working with an experienced insurance agent can help ensure that you have appropriate option.
What Does Auto Insurance in Florida Cover?
There are various types of auto insurance in Florida, however, based on the policy you choose, your main and optional coverages will vary. Here are some of the most popular coverage options:
- Collision insurance — This portion accounts for damage costs if you are involved in a collision.
- Liability insurance — If you are at fault in a wreck, this insures you against any damage you cause others. Most states require drivers to carry minimum amounts. There are two kinds of coverage included:
- Property damage liability — This helps to pay for the damage to the other driver’s property (e.g., their car).
- Bodily injury liability coverage — This helps pay for medical fees and sometimes death benefits for the other person caught in the wreck.
- Medical payments insurance (MedPay) — This portion aids you in paying for the medical bills of you and your passengers get into an car accident.
- Uninsured/Underinsured Motorist Coverage – Although not required by law, Uninsured/Underinsured Motorist (UM/UIM) coverage is another important option to consider. This coverage protects you in the event of an accident with a driver who has insufficient or no insurance. With Florida’s high number of uninsured drivers, this protection can save you from significant out-of-pocket expenses.
- Comprehensive insurance coverage— This covers other expenses that are not related to a wreck, such as theft, caused by weather, or vandalism.
Special Considerations
Because Florida is a no-fault state, it’s essential for drivers to file claims through their own insurance, regardless of who caused the accident. However, if injuries exceed the PIP coverage threshold, drivers can pursue legal action against the at-fault driver to recover additional damages. In such cases, carrying Bodily Injury Liability can be a significant financial safeguard.
Additionally, if you’re financing or leasing a vehicle, your lender may require you to carry both collision and comprehensive coverage to protect the value of the vehicle. These coverages ensure that if your vehicle is damaged or totaled, the lender’s financial interest is protected.
Penalties for Non-Compliance
Failure to meet minimum car insurance Florida requirements can result in serious penalties. If you’re caught driving without the required insurance, you may face fines, suspension of your driver’s license, and your vehicle registration being revoked. Reinstating your license and registration requires proof of insurance and payment of any associated fees.
By understanding and complying with Florida’s car insurance laws, you can protect yourself and others on the road while avoiding costly legal issues. For customized coverage options that meet both legal requirements and personal needs, F&N Insurance Group offers tailored auto insurance policies.
Ready to get the cheapest insurance rates with F&N?
As one of the best Florida auto insurance companies, F & N is committed to helping you find a policy to fit your specific needs. Reach out to us to start the conversation.