Florida No Fault Insurance Quotes
Before getting Florida No Fault Insurance Quotes there are a few things you should know. If you are moving to Florida from a different state you may not be familiar with Florida No Fault insurance law. It is also important to understand what the minimum requirements are, what other cover you may want to consider and how to find the best quote for your insurance needs.
“What does No Fault Insurance actually mean?”
Strictly speaking, under No Fault insurance each driver is fully covered by his own auto insurance company, within the limits of his policy of course. Moreover, regardless of the injuries sustained during an accident the drivers can NOT sue each other.
Of course this is the general idea behind No Fault insurance and it is not used in this strict form in any state.
Most people are misled into thinking that Florida No Fault insurance will cover all costs. Actually this is NOT the case at all. Florida No Fault Insurance really is in regards only to medical payments. In the unfortunate event of an accident, your insurer will pay for your bodily injury claims regardless of who caused the accident.
The ability to sue other drivers for damages is regulated and under Florida No Fault Insurance law all drivers must carry insurance for their own protection.
What Are The Florida No Fault Auto Insurance Requirements?
- $10,000 Personal Injury Protection (PIP) – This insurance covers you in an accident regardless of who is at fault, and pays for portions of costs such as medical expenses, lost wages, and resulting child care expenses. PIP also pays a $5,000 death benefit.
- $10,000 Property Damage Liability (PDL) – This portion pays for damage you or a family member cause to others while driving. ‘Property’ may include fences, buildings, cars or telephone poles.
Please note that covering the property damage done to your vehicle will be responsibility of the at fault party in the accident.
These figures actually represent the absolute minimum you would need however under most circumstances you would want significantly more coverage than this. With so many cars on the road worth in excess of $50,000 it doesn’t take much for a car accident to run to tens of thousands of dollars in damage. You could lose a lot more than your car!
You may be required to have Bodily Injury Liability cover if you have been involved in traffic violations .
What Other Cover I Should Consider?
Depending on your circumstances it might make a lot of sense to actually look at beefing up your auto insurance policy. Why not consider these options:
- Adding collision and comprehensive coverage if you think you might struggle to meet the costs of replacing or repairing a badly damaged vehicle.
- Uninsured/Underinsured Motorist insurance coverage.
- Adjusting your deductible to help offset some of the additional costs.
The easiest way to save on auto insurance without having to change your car or move to a better neighbourhood is to compare quotes online. It is free, fast and secure and can save you a lot of time and money.