Unless your only vehicle is covered under your business or commercial auto insurance, your personal auto must have the minimum required coverage in Florida. This means you have to have $10,000 in Property Damage Liability (PDL) and $10,000 in PIP (Personal Injury Protection). You will probably get a cheap auto insurance in Florida with this bare minimum coverage, but is it right for you?
In other circumstances, you may be required to carry 10/20 on Bodily Injury Liability (BIL), too. This means the insurance company will pay up to $10,000 each person's injuries and medical expenses that you hit, but no more than $20,000 total.
Even if you are not one who is required to carry BIL, it is highly recommended. Not only is it recommended, but also it is recommended that you carry them at a higher limit, no less than 50/100.
If you are starting out as a new driver with a newly insured vehicle, you might have to settle for 10/20 to begin with. Just remember that as you keep continuous coverage and you gain experience driving safely, you can increase those limits without much difference in rate.
In fact, if you work your way up to 100/300 over the course of a few years while you are getting rate decreases for age and experience, you will find that soon you can carry this type of coverage and you will find cheap auto insurance in Florida that is even cheaper than some of your friends carrying the PIP/PDL minimum and no BIL.
This might sound contradictory, but insurance companies look at it like you are being responsible with your vehicle and your insurance and will reward you with lower risk ratings as long as your driving record is good.
So, as you seek cheap auto insurance in Florida, keep these things in mind. If you are a young person with a new car, you may have to start low. However, do not make the mistake of staying with that coverage. Every renewal you will want to check for cheap auto insurance in Florida with better coverage. As you gain experience, you will hear those rates become more and more reasonable. If you don't, then it is definitely time to do some comparison-shopping for cheap auto insurance in Florida.
Adding this coverage isn't just for fun. It is to help you avoid financial hardship if you happen to be involved in a serious accident and there is more injury, damage, and non-medical injury than what you have coverage for. Cheap auto insurance in Florida is certainly within reach if you follow these simple guidelines.
