Florida Car Insurance

There are two laws that determine the required amount of car insurance in Florida: the financial responsibility law and the no-fault law. The financial responsibility law requires that drivers have liability insurance to cover them in the event that they are found at fault for a collision, while the no-fault law provides personal injury and property coverage. According to the Florida Driver’s Handbook, the amount of coverage required is as follows:

Required Coverages in Florida:

  • Bodily Injury Liability Per Person: $10,000
  • Bodily Injury Liability Per Accident: $20,000
  • Property Damage Liability: $10,000
  • Personal Injury Protection: $10,000

Drivers must have all registered vehicles insured. If they do not, they will be required to surrender their license plates. If drivers are caught operating a motor vehicle while uninsured, they risk getting cited, having to pay fines and penalties, and losing their driving privileges. To prevent getting your license suspended and your license plates revoked, call insurance companies in Florida to obtain proper coverage.

If you prefer self-insurance, you can also obtain a financial responsibility certificate from the Bureau of Motorist Compliance by depositing cash, securities, or a surety bond. You also have the option of obtaining a self-insurance certificate by providing evidence of funds.

Determining Your Rate in Florida

To determine car insurance quotes in Florida, insurance companies try to obtain a comprehensive look at the kind of driver you are. They will take into consideration your age, marital status, sex, driving history, and credit history. They will also look at your vehicle — newer vehicles and vehicles that require costly maintenance will be more insure than older, lower maintenance vehicles.

Auto insurance quotes in Florida are, on average, around $1,006, according to the Insurance Information Institute, whereas the national average for insurance premiums is $785. To lower the cost of your insurance premium, maintain a good driving record, shop around for the best rates, and ask your insurance company if there are any discounts for which you qualify.