FL Minimums
- Bodily Injury Liability: $10,000/$20,000 Limit
- Property Damage Liability (PDL): $10,000 Limit
The no-fault system is followed in Florida. The laws of a no-fault auto insurance system specify that the insurer covers the costs for damages resulting from an auto accident no matter who was responsbile for the accident. These principles vary by state. Conflicts over who is responsible are decreased with this insurance system, but at the same time, Florida motorists give up some of their rights to sue the other motorists involved.
Personal Injurty Protection in your insurance policy assists in paying for “reasonable and necessary” medical costs for you and your passengers. Florida state law requires a minimum Personal Injury Protection (PIP) coverage of $10,000 for a single person and $20,000 for all persons involved.
Uninsured Motorist insurance policy is for times when you’re involved in an auto accident with a driver who does not have a Florida auto insurance policy.This auto insurance coverage is nonmandatory, but can help minimize expenses if you are in an accident with an uninsured and/or underinsured driver.
The mean auto insurance costs for Florida motorists was $1,104 in 2003; the United States mean was $914. Several people who wrongly think that they have no way of reducing their insurance costs. Insurance firms section their rates differently so an individual’s rate will be different with each company. You have to shop around to check if you are getting a good rate or paying too much. One way of getting less expensive auto insurance is to employ insurance comparison sites. These insurance sites will permit you rapidly obtain and review rates from many auto insurers.
Compared to 2006, 2007 saw auto insurance decline by .5% to 1%. The first months of 2008 continued to indicate reductions, but then the insurance began to jump once more through the first part of 2009. The only way to always have the best insurance is to comparison shop. insurance costs. You may be able to receive lower rates at another auto insurance underwriter and/or find that you’re eligible for special auto insurance rebates.