Car Insurance Companies in Florida

If you own a motor vehicle in the state of Florida and plan on driving it on public roads, you are legally required to carry at least the state-minimum auto insurance coverage. In fact, you won't be able to legally register your vehicle at the Florida Department of Motor Vehicles without proof of this coverage.

State Auto Insurance Requirements in Florida

The state of Florida requires that all auto insurance policies have a minimum of $10,000 in personal injury protection (“PIP”). This means that if you, the driver or passengers are injured in an auto accident, your coverage will pay out no more than $10,000 per person in medical and disability benefits.  As of May 2018 the Florida legislature is considering amending this PIP requirement so be sure to check the latest requirement before you purchase your coverage.

In addition to these personal injury protection requirements, Florida also requires drivers to carry a minimum of $10,000 in property damage protection per accident. This means that if you get into an accident and cause damage to somebody else's car or property, your policy will pay out a maximum of $10,000 to make necessary repairs or replacements.

From a monetary standpoint, Florida has some of the least stringent requirements for state minimum coverage.

Comprehensive Auto Insurance

For many drivers, carrying state minimum insurance coverage is a great way to stay street legal while saving money on auto insurance. However, there are situations where it may be wise to purchase more than just the state minimum coverage in Florida. For example, if you have a car that you're still making payments on, there's a good chance your auto lender has written into your contract that you must carry both comprehensive and collision insurance as part of your policy.  Also, if you cause a bad accident, you may have to pay for any damage that exceeds your insurance coverage.

Comprehensive auto insurance is an additional type of coverage that will provide protection in the event that your car is damaged by certain things other than a motor vehicle accident. For example, if a hail storm causes dents and dings to your car's exterior, comprehensive auto insurance should cover the repairs (less your deductible). Comprehensive insurance may also cover damage related to vehicle theft or vandalism.

Collision Insurance Coverage

Aside from comprehensive coverage, you may also want to consider purchasing collision coverage if you want added protection in the event that you're involved in an accident. State minimum coverage will only provide a payout to other drivers/passengers who are injured or whose property is damaged in an accident. Collision coverage will provide a payout to you if you're in an accident and need repairs done on your vehicle. This coverage kicks in regardless of whether you get into an accident with another driver or even damage your car by hitting a stationary object (like a telephone pole).

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