Florida follows the no-fault system for auto accidents. Hence, the insurance company would pay for the bodily injury claims irrespective of who had been at fault in a car accident. However, the damage to the vehicle should be covered only by the at-fault party. According to the auto insurance laws of Florida, every motorist should purchase a minimum insurance coverage of $10,000 for personal injury protection or PIP and $10,000 for liability coverage of property damage. Further, you should have a bodily injury liability coverage minimum of $10,000 per person and a minimum coverage of $20,000 per accident. Comprehensive and collision coverages are not statutorily required but it is always advisable to buy these insurance coverages also to meet unforeseen eventualities.
The average auto insurance costs were $1,151 in 2008 in the state of Florida. The liability coverage amounted to $756, comprehensive coverage was about $114, and collision coverage was $281. Florida ranked sixth in the auto insurance costs, with only 5 states having higher average insurance premiums than Florida in the United States. As such, it becomes quite important to find cheap car insurance in Florida.
One way of reducing the car insurance cost is to purchase all the other insurance coverages such as home insurance, life insurance, and health insurance from the same insurance company. This would enable the policyholder to save up to 15% on premium amounts to be paid on all these policies. Still, cheap Florida insurance would have to be patiently searched and found out. It would be necessary to obtain quotes from different insurance companies by informing them about the number and type of vehicles that would be insured, the number of persons included in the policy as drivers, their driving histories, and the type of insurance coverages required by the applicant. Since each insurance company would have different criteria of evaluating the above details, the applicant would get an idea of the best possible cheap Florida insurance program that would be ideal.
Florida Auto Insurance
