Car Insurance Laws State minimum insurance requirements in Florida In Florida, the state minimum coverage requirements are as...
Car Insurance Laws
State minimum insurance requirements in Florida
In Florida, the state minimum coverage requirements are as follows:
Liability
Property Damage $10,000 per accident
Personal Injury Protection (PIP)
$10,000 per person
Optional coverage in Florida (varies by carrier):
Comprehensive
Collision
Loan/Lease Payoff
Medical and Funeral Services
Rental Car Reimbursement
Roadside Assistance
Uninsured/Underinsured Motorist Bodily Injury
Liability coverage is legally required in Florida and pays for damage to the other driver’s vehicle in the event that you are considered “at fault” in an accident under the property damage portion of your policy. Florida's minimum property damage requirement is $10,000 per accident. This is the maximum dollar amount that pays for damage that you cause in an accident. Because Florida is a no-fault state, you are not required to carry bodily injury liability coverage. Instead, you are required to purchase Personal Injury Protection, or PIP coverage.
Personal Injury Protection of $10,000 per person is required in Florida and will cover up to 80% of medical costs and up to 60% of work loss if you are injured in an accident and are not able to work. Even things like laundry and maid services can be covered under your PIP coverage if you are unable to perform day-to-day tasks and this also extends to members of your household.
Although Florida is a “no-fault” state, drivers can be sued for severe injury, permanent disfigurement, or death that they cause in the event of an accident. Drivers can protect themselves from these lawsuits by choosing bodily injury liability coverage to meet their needs.
These numbers reflect the minimum limits required in Florida but higher coverage amounts are available with most companies. These minimums will provide you with the cheapest insurance rate.
Florida is a no-fault state!
What does this mean for you?
A no-fault insurance laws system requires that drivers carry their own protection. When an accident happens, no matter who is at fault, your own insurance foots the bill. Each driver takes care of his or herself, and theoretically, the chances of someone suing over culpability decrease. As a bonus, it guarantees every driver immediate medical treatment in the event of an accident.
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