Florida Car Insurance

Individuals who are new to the state of Florida will find that insurance is a bit different than most other states. This is due to no fault laws and other requirements. All drivers in the state are required to have a minimum level of liability insurance coverage. However, the minimum coverage is typically not enough to cover all the costs of an automobile accident. Purchasing cheap automobile insurance in Florida will be easier when coverage is better understood.

Minimum Requirements By The Best Car Insurance Companies In FL

Drivers in Florida are required to have an automobile insurance policy that has minimum coverage for property damage liability and personal injury protection. Both coverage’s have a $10,000 limit and will be the bare bone’s minimum to legally be able to drive a vehicle in the state. Personal damage liability is a coverage that pays for damage to other people’s property. A driver who is at fault in an accident are protected from a potential lawsuit. However, the property of an at-fault driver is not covered. Personal injury protection is a coverage that applies to qualified individuals. This coverage is known as no-fault insurance. Coverage will pay for injuries to a driver, any passengers, and other individuals who are injured in an automobile accident. One thing to note is that coverage does not pay for damage to the vehicle damaged in an accident. Additional coverage above the minimum is typically recommended.

This coverage pays for funeral costs of individuals killed in an accident and for medical expenses when a car crash. Increased bodily injury liability coverage is a good idea as individuals at-fault in a car crash can potentially be sued by a victim to pay for excess medical costs.

Physical Damage

This coverage is a catch all for two coverages that are common on cheapest car insurance policies. The coverage for physical damage is the only option that will pay for damage to the driver’s vehicle. Collision coverage on a policy covers damage that results from a collision with another vehicle. This is coverage that is recommended by local insurance agents and is typically required for a leased vehicle. Comprehensive coverage on a policy covers all non-collision damage. This includes damage caused by a falling tree limb, hitting an animal on the road, and many other types of non-collision damage.

Deductibles And It Relation To Obtaining  The Cheapest Car Insurance Rates In Florida

The deductible for a policy is the amount that is subtracted from a payout for a claim. Policies will cost less when a higher deductible is selected.