If you plan to drive your vehicle on public roads within Florida, you must have insurance. Driving without insurance can lead to severe legal consequences. You may lose your permit to drive a vehicle on any public roadway in Florida for at least three years.
You must at the minimum purchase liability insurance in Florida.
In Florida, the minimum liability insurance you need is $10,000 Personal Injury Protection (PIP), and $10,000 Property Damage Liability.
Different insurance policies offer different minimum coverage. You must provide $10,000 for bodily injury for each person who is injured in an accident that was your fault. Your liability insurance must also cover $10,000 for Property Damage Liability (or PDL). This is often abbreviated to 10/20/10.
The liability insurance doesn’t cover the cost of repairing or replacing your vehicle. It also does not cover medical expenses for you or any other person in your vehicle if you are found to be at fault for an accident.
If you take into account your current medical expenses, and the cost of repairing or replacing even a moderately priced vehicle, you could still owe a substantial amount of money if you are involved in an accident.
You may want to buy more car insurance than you need. Fortunately, there are ways to save money and get Florida car insurance at a discount price.
You must drive safely and legally at all times. You can expect your car insurance rates to rise if you are cited for speeding or any other moving violation. Your insurance rates will go up if you are convicted for Driving Under the Influence (DUI), or Driving While Intoxicated(DWI). You may have to get insurance in high-risk pools if you are convicted of DWI or DUI again.
Are you able to park your car at night? You may be eligible for a discount on your insurance if you have parked your car at night.
Are you a driver who drives less than 500 miles per month? You may be eligible for a low-mileage discount.
Are you able to have multiple insurance policies with the same company? Are you also a homeowner or a member of a group that has health insurance? You may be eligible for a Multi-Policy Discount when you purchase car insurance.
Are you a repeat customer of the same insurance company for more than five years? You may be eligible for a Long-Term Discount if you have been insured with the same company for more than 5 years.
You can get a good student discount of at least 5% on your car insurance if you’re under 25 but still in school.
You should be at least 55 years of age and have completed a special driver refresher course. This will allow you to receive a minimum 10% discount on your monthly car insurance premium. This discount is not available at all insurance companies. Check with your agent to confirm.
You can save significant money every month if your vehicle is older and has little to no Kelly Blue Book value.
What deductible are you able to afford? This is a critical question to answer. The higher your deductible, the lower your monthly premium payments will be. However, the larger your deduction, the more money you will need to pay out of your pocket if you have to file a claim.
Now you have enough information to make a car insurance plan that you both can live with and afford. It’s now time to go online and compare car insurance policies.
You should take the time to compare prices on at least three different websites. Because no single comparison site can compare all the car insurance companies in Florida. You can feel confident knowing you have found the lowest priced car insurance in Florida if you compare at least three sites.