Auto insurance is different across the states throughout America. Like any other state, Florida also has its own auto insurance policies and requirements. Anyone looking for cheap auto insurance in Florida must be thoroughly aware of the rules and regulations.
The mandatory coverage areas in Florida include coverage for property damage and personal injury. It is much easier to obtain cheap auto insurance in Florida in comparison with the other states which require coverage for bodily injury and property damage on per person and per accident basis, respectively. Another reason behind the cheaper rates is that the coverage amounts required as per law are also much lower than most other states.
Unlike most other states in the United States, a minimum coverage of $10,000 is considered sufficient for personal injury coverage in Florida. The minimum coverage amount for property damage is also the same. This amount is much lower than the applicable rates in the other states. Cheap auto insurance in Florida can be found easily by the customers due to the liberal minimum requirements. As per records, the average premium paid by a car owner in Florida is approximately $1700.
The auto insurance industry in Florida follows a no fault system. This policy is very helpful because it means that the company pays the coverage even when the driver is not responsible for the accident. In this system, the client's insurance coverage covers the medical bills. However, the property damage coverage only covers the policyholder when he is responsible for the accident.
The medical bills coverage feature of cheap auto insurance in Florida is particularly helpful for the customers because these bills are generally very high. Another great benefit of auto insurance in Florida is that the personal injury coverage also includes children traveling in school buses in the unfortunate event of an accident.
Any driver residing in Florida for more than 3 months in a year is required to purchase the minimum coverage as per the regulations in the state. The residents in Florida can further maximize their benefits by maintaining a good credit score and driving history. Other popular alternatives to receive cheap auto insurance in Florida include driving a cheap car, paying higher deductible, installation of safety features, and driving less.
Like any other state, the car insurance buyers in Florida must explore different rates and options before deciding to buy a policy. They must also be aware of the minimum coverage requirements so that they can opt for the coverages accordingly.
