Florida No Fault Insurance

Florida is one of thirteen states in the United States that requires you to carry no fault insurance. However, just because the name is no fault, it does not mean that you will not be found liable for an accident.

In fact, the authorities will assess fault on a case by case basis, just as they do in other states. The difference in your coverage is actually the amount you can be reimbursed and who will reimburse you. Unlike no fault states, your Florida cheap car insurance may the one to reimburse you even when you are not at fault.

No-fault insurance has the goal of lowering premium costs by avoiding expensive litigation over the causes of accidents, while providing quick payments for injuries. The victim’s insurance company would only pay out the claim, while the driver-at-fault’s insurance company would pay out a claim and charge that party a higher insurance premium as they are now higher risk.

While this may disadvantage the victim’s insurance company, as the at-fault driver’s insurance company can recoup the claims quicker through raised premiums, accidents happen between drivers of both insurance companies with an equal chance of drivers from both sides being at fault, so this in theory should even out