What is the Best Auto Insurance Coverage in Florida? The required minimum insurance level in Florida is $10,000 Bodily Injury p...
What is the Best Auto Insurance Coverage in Florida?
The required minimum insurance level in Florida is $10,000 Bodily Injury per person, $20,000 Bodily Injury per accident, and $10,000 Property Damage per accident.
If you select the minimum required coverage in Florida, be prepared to pay an average of $1,192 each year. This expenditure is more expensive than the national average by 81%. If you choose better coverage, you can select a policy with comprehensive and collision coverage, insuring against the costs of car-versus-car collisions, auto theft, or weather incidents. Better coverage comes at a price: in Florida, a comprehensive insurance policy with a $1,000 deductible costs $1,698, 42% more than basic insurance coverage. For comprehensive insurance coverage with a $500 deductible, expect to pay 53% more than you would for a liability-only policy.
Analyze average expenditures for basic, better, and best coverage levels in the below table.
Location
Liability-Only
Comprehensive — $1,000 Deductible
Comprehensive — $500 Deductible
Florida
$1,192.04
$1,697.96
$1,821.73
National Average
$657.66
$1,241.26
$1,397.94
COMMENTS