In all the states of the USA, Florida included, it is compulsory to have insurance for all the vehicles driven on the public roads. The main purpose of the insurance is to protect the drivers from possible financial liability in case that an accident occurs. If the inevitable does happen and the car that you drive is involved in an accident, then the insurer will be obliged to pay for the damages incurred to the other people’s cars or properties, and for any likely injuries that you may suffer.
It is quite important to understand the specifics of the cheapest car insurance in Florida laws being quite strict from this point of view, in the attempt to protect you and the other drivers and passengers from not being able to pay your medical bills or car repairs.
1. You have to know which the minimum requirements are, before you decide to purchase your car insurance. The state of Florida obliges you to a minimum of $ 10,000 for protection against personal injury and also an additional $ 10,000 for property damage financial liability protection. The $10,000 for protection in case of personal injury is mainly required due to the “no fault” policy practiced by the State of Florida. It means that, in case of a car accident, the company which provided you with the insurance is required to pay for all your medical bills and other damages (such as days off work) irrespective of who is to be blamed for the accident. The property damage protection will only pay for the damages you cause to someone else’s car.
2. Do a thorough research on several car insurance Florida companies. It is against the law to sell insurance in a state without the corresponding license, so make sure that the company you choose is licensed. The institute responsible for giving licenses in Florida is called the Florida Department of Financial Services, and you can contact them in order to verify whether the insurer you wish to work with is licensed by them or not.
3. The next step for you to take is to compare the prices each company offers. One very important aspect when you compare different quotes is to make sure that they are for the same level of coverage (for example, if one insurer offers you $15,000 in coverage, while another policy gives you $10,000 in coverage, it is understandable why the rates on the $15,000 policy are higher).
4. The opposite happens when it comes to deductibles. They represent the amount of money that you are required to pay from your pocket for repairs, before the insurance takes over. The advice is to keep them as high as possible, in order to keep the rates low.
5. Buy the insurance policy. When you acquire it, you have to pay for at least the first month of coverage. The company will provide you with proof of the insurance and will send you their terms and regulation by email. Read everything carefully, determine whether you have to make annual or monthly payments and live up to your end of the deal every time.
It is quite important to understand the specifics of the cheapest car insurance in Florida laws being quite strict from this point of view, in the attempt to protect you and the other drivers and passengers from not being able to pay your medical bills or car repairs.
1. You have to know which the minimum requirements are, before you decide to purchase your car insurance. The state of Florida obliges you to a minimum of $ 10,000 for protection against personal injury and also an additional $ 10,000 for property damage financial liability protection. The $10,000 for protection in case of personal injury is mainly required due to the “no fault” policy practiced by the State of Florida. It means that, in case of a car accident, the company which provided you with the insurance is required to pay for all your medical bills and other damages (such as days off work) irrespective of who is to be blamed for the accident. The property damage protection will only pay for the damages you cause to someone else’s car.
2. Do a thorough research on several car insurance Florida companies. It is against the law to sell insurance in a state without the corresponding license, so make sure that the company you choose is licensed. The institute responsible for giving licenses in Florida is called the Florida Department of Financial Services, and you can contact them in order to verify whether the insurer you wish to work with is licensed by them or not.
3. The next step for you to take is to compare the prices each company offers. One very important aspect when you compare different quotes is to make sure that they are for the same level of coverage (for example, if one insurer offers you $15,000 in coverage, while another policy gives you $10,000 in coverage, it is understandable why the rates on the $15,000 policy are higher).
4. The opposite happens when it comes to deductibles. They represent the amount of money that you are required to pay from your pocket for repairs, before the insurance takes over. The advice is to keep them as high as possible, in order to keep the rates low.
5. Buy the insurance policy. When you acquire it, you have to pay for at least the first month of coverage. The company will provide you with proof of the insurance and will send you their terms and regulation by email. Read everything carefully, determine whether you have to make annual or monthly payments and live up to your end of the deal every time.
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