Everything You Need to Know about FL Auto Insurance

Florida is widely known for its beaches, theme parks, and hot weather. But did you know that Florida also requires drivers to have auto insurance? In fact, Florida law mandates that all registered vehicles in the state must carry a minimum amount of auto insurance. In this article, we will take a closer look at FL auto insurance, what it covers, and how to get the best rates.

What is FL Auto Insurance?

Auto insurance is a type of insurance that protects drivers from financial losses due to accidents, theft, or other damages to their vehicles. In Florida, auto insurance is mandatory and all drivers are required to carry at least $10,000 in personal injury protection (PIP) and $10,000 in property damage liability (PDL) coverage.

PIP coverage pays for medical expenses, lost wages, and other related costs if you or your passengers are injured in an accident, regardless of who was at fault. PDL coverage, on the other hand, pays for damages to someone else’s property, such as their car or fence, if you are at fault for an accident.

How Much Auto Insurance Do You Need?

While Florida only requires drivers to carry the minimum amount of PIP and PDL coverage, it’s recommended that you consider purchasing additional coverage to protect yourself financially in case of a serious accident. Factors that may affect how much coverage you need include:

Factors
Explanation
Your assets
If you own a home, have savings or investments, or valuable assets, you may want to purchase additional coverage to protect your assets in case of a lawsuit.
Your vehicle
If you have a newer or more expensive car, comprehensive and collision coverage may be a wise investment to protect against theft, vandalism, or other damages.
Your driving history
If you have a history of accidents or traffic violations, you may want to consider purchasing more coverage to protect against future incidents.

How to Get FL Auto Insurance

There are several ways to get auto insurance in Florida. One option is to contact an insurance agent or broker who can help you find the best coverage for your needs. Another option is to research and compare policies online. Some popular auto insurance companies in Florida include:

  • State Farm
  • Allstate
  • Geico
  • Progressive
  • AAA

When shopping for auto insurance, it’s important to compare rates and coverage options from multiple providers to ensure you’re getting the best deal. You may also be eligible for discounts if you have a good driving record, own a home, or bundle your auto insurance with other types of insurance, such as homeowners or renters insurance.

FAQs

Is auto insurance mandatory in Florida?

Yes, all registered vehicles in Florida are required to carry at least $10,000 in PIP and $10,000 in PDL coverage.

What does PIP coverage include?

PIP coverage pays for medical expenses, lost wages, and other related costs if you or your passengers are injured in an accident, regardless of who was at fault.

Do I need additional auto insurance coverage in Florida?

While Florida only requires drivers to carry the minimum amount of PIP and PDL coverage, it’s recommended that you consider purchasing additional coverage to protect yourself financially in case of a serious accident.

How can I get the best rates on FL auto insurance?

To get the best rates on FL auto insurance, it’s important to compare rates and coverage options from multiple providers. You may also be eligible for discounts if you have a good driving record, own a home, or bundle your auto insurance with other types of insurance.

What are some popular auto insurance companies in Florida?

Some popular auto insurance companies in Florida include State Farm, Allstate, Geico, Progressive, and AAA.

In conclusion, if you’re a driver in Florida, it’s important to understand the state’s auto insurance requirements and consider purchasing additional coverage to protect yourself financially. By shopping around and comparing rates from multiple providers, you can find the best auto insurance policy for your needs and budget.