UND-Pilsa Blog

State Requirements

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

Florida observes a No-Fault system of rules meaning your insurance company will make payments for your injury claims no matter who’s at fault, up to a certain limit. Since nobody is found to be at fault, you wind up losing some of your rights to sue with a no-fault system. The specific details of this kind of legal system change for different states, but the overall construct is identical.

To assist payment for the costs created from an auto accident, Personal Injury Protection (PIP) is included in insurance policies. In Florida, it is required that all drivers to cover PIP insurance coverage of $10,000 to compensate a single person included in the accident and $20,000 for everyone involved in the auto accident.

To stay protected on the chance that you are involved in an auto accident with someone who either does not maintain an insurance policy or doesn’t have sufficient insurance to compensate for related costs, you should look at adding Uninsured Motorist Bodily Injury insurance coverage to your Florida auto insurance policy coverage. This auto insurance coverage is nonmandatory, but can help decrease costs if you are in an accident with an uninsured and/or underinsured driver.

Drivers in Florida paid an mean of a little over $1100 for their auto insurance policy in 2003. In the same year, the United States mean was nearly $200 less. There are some incorrectly believe Florida and insurance companies determine the rates they pay, so they decide not to look for lower rates. Every Last auto insurer has a slighly unique process of figuring a driver’s insurance premium so rates will deviate by customer. Shopping around can help you find discounted insurance rates. Auto insurance comparison websites help you determine the cheap rates available in Florida, so usual Floridians can get a better-than-mean low rate on their insurance.

In 2007, usual auto insurance rates saw their first lessening in about 8 years. 2007 had a .5% to 1% fall in insurance rates from 2006. Yet, the next year in 2008, insurance costs were again going up and continued to do so through the first months of 2009.

Insurance comparison websites help drivers reduce rates of their insurance policy. They bring competition directly to the person and reduce your rates using the internet! Using the net can help you figure if you’re paying too much for auto insurance and if you can get discounts.