Florida Car Insurance
How To Get Cheap Florida Car Insurance
One of the first things you will want to know when looking for Florida car insurance, is that it is a no-fault state, and we’re going to take a look at how you can find cheap Florida car insurance to lower your premium. This means that when an accident occurs, no matter what is at fault, the respective insurance companies for each person will handle the expenses. The minimum amount that is required for each Florida resident to carry on their coverage plan is $10,000 for personal injury. PIP coverage is standard in all states to one degree or another, as well as coverage that protects against damages to property. The limit for proper damage is Florida due to an auto collision is also $10,000.
Personal injury protection covers multiple things that can result from an accident, including death benefits, medical bills, medical benefits (in part), and lost wages. It is an invaluable coverage feature that will protect you in the event of an accident where you or another person becomes injured. Even if the state you are in does not require that you have a minimum amount for PIP, you may be required to get it after being in an accident for the first time.
Since Florida is in fact a no-fault state for auto insurance, this does mean that you could lose some of your rights with regards to suing someone who hit you in an accident. You do however get all of the medical or property damages taken care of under this system. Although this is not one of the states which requires bodily injury coverage from uninsured or under insured drivers, it would be a wise decision to start looking into getting it for yourself in the event that you experience a hit-and-run by someone who is uninsured or does not have the proper insurance coverage.
Let’s look at how you can save money by finding cheap Florida car insurance policy. The first thing to do is to compare car insurance prices by shopping multiple carriers, which you can do with an online car insurance quote. When choosing the right kind of auto insurance, again, it is crucial that you look through all the carriers that can give you coverage for your vehicle. The kind of coverage you opt for is important, because it could mean the difference between having all of your expenses taken care of for you by your insurance company when you get into an accident and having to pay for it all by yourself.
When comparing car insurance rates, look at various components so you compare apples to apples. Things like deductibles, collision and comprehensive coverage, liability limits, all effect what you end up paying for your auto insurance. So make sure to compare same deductible and liability coverage when looking at different insurance quotes. Generally speaking when you raise your deductible, you could save a lot of money. I wouldn’t necessarily recommend sacrificing on your liability coverage as that is one of the key components of your protection. But a higher deductible puts less financial risk on the insurance carrier. Age, driving record, and credit history are also a big determining factor in what you end up paying. Some companies are more flexible with driving records and don’t penalize you just because you had a ticket 3 years ago. And some are actually pretty harsh if you have even one point in the last 5 years. So to find a cheap Florida car insurance policy if you have even one ticket, you absolutely have to compare multiple companies to see if you can find one that can be more flexible.
Paying semi-annually or even annually if the company allows can save you anywhere from $3 to as much as $15 a month that is tagged on as an administrative fee. So keep that in mind as well. Some companies allow bank drafts, which cuts down on them having to send you bill, and can also lower your car insurance premium.
Before deciding on one carrier or coverage plan, weigh all your options carefully. Doing this will be of great help to you when you’re trying to find cheap Florida car insurance, especially when dealing with age, driving record, or credit factors that may be against you.