Insurance Articles

In this state. one must carry Florida auto insurance with a minimum of $10,000 personal injury protection (PIP) and $10,000 property damage liability (PDL). This is required as long a vehicle has a valid registration tag. Personal injury protection will compensate a loss due to injury regardless of who is at fault. Also applies to to bodily injury to the carrier and relatives that share a residence and any passengers that are involved that are not required to have this type of protection. This will also protect an individual if they are injured as a pedestrian or bicyclist if they are involved in an accident with an automobile. Property damage liability pays for damages that the insured or members of their family damage another party’s property as a result of a crash involving a motor vehicle and they are found liable.

Another type of coverage in this state is “Bodily Injury Liability” (BIL) This covers any serious and permanent injury or death caused to others by the policy holder and involving their automotive. The provider will pay for injuries up to the limits that the insured has chosen on their policy and provide legal representation if they are sued. This will cover injuries caused by the insured as well members of their family that reside with them even if their were driving someone else’s car. Some policies include coverage if the vehicle is being used by another party and has the owner’s permission. Also provided is legal defense if the other party involved begins a lawsuit.

Getting Florida Car Insurance Quotes

When shopping for proper protection for one’s property, the first step usually taken is obtaining quotes. In order to locate the cheapest price as possible, one should obtain and compare as many quotations from as many companies as possible. This is the most efficient way to ensure that an individual can receive the most affordable premiums. Unfortunately, word of mouth does not always work when it comes to finding an insurer. While one company may fit the needs of a person as well as their budget, the same might not apply to whom they may have referred. The reasons for this can vary greatly. Different providers have different ratings system. While one may charge higher for a driver’s age another may not, but they might raise their rate greatly for a traffic violation, while another may not raise it as much. This is why comparing is important.

There are several ways to shop for a policy. But there is a newer and more effective way to get multiple rates from a wide range of insurers. This is by utilizing the resources made available on the internet. Many websites have developed and provided a way for consumers to receive the prices for premiums right on their computer. This eliminates the hassle of having to pick up a phone book and telephone and calling from one place to another and having to answer the same questions over and again. Many of these sites provide a user friendly questionnaire page which will as the basic criteria in order to receive a quote. Once this is completed, the shopper will be provided with a multitude of affordable quotes from many insurers to choose from. Whether in need of full coverage or basic liability, the internet can be the most efficient way to find the lowest cost for policies available.

How to notify the Department of Motor Vehicles once a policy is purchased:

Florida’s no-fault insurance law requires vehicle owners to carry at least $10,000 Personal Injury Protection (PIP) and $10,000 Property Damage Liability (PDL). All licensed insurance companies electronically report to DHSMV when policies providing PIP coverage are cancelled or taken out, so most of the time, owners do not need to notify the Department at all. Here is more information on how to notify the DHSMV of FL auto insurance which includes a summary of the levels of coverage one needs to carry.