Cheap Liability Car Insurance Coverage In Florida
Reader question:
Do I need to get uninsured motorist Florida car insurance coverage if I live in Tampa? I just need cheap liability coverage.
Charlie
Glad you asked, Charlie.
Uninsured motorist protection is not a required part of Florida car insurance coverage law, so really it all depends on your options and your priorities. The first thing that you need to consider, before you take in to mind any extenuating factors, is that no matter where you are, no fault state or no, there will be people driving without car insurance. Depending on what state you are in, it might not even be necessary to get extra coverage because of this, but this is still something that you should keep in mind.
First of all, in Florida they only offer one kind of uninsured motorist coverage, and that is for bodily injury. This can be a good idea to carry if you don’t have anything else that would cover the bodily injury of a victim of an accident caused by you if that victim did not carry car insurance coverage. However, it also provides protection for yourself in this area, and that is where it begins to become redundant. In Florida, you are already required to carry personal injury protection coverage, and then most people have health insurance on top of that. It is very unlikely that your health insurance coverage and your personal injury protection would run out after one accident, making it to where you need even more coverage.
One thing that you might consider when thinking about getting uninsured motorist coverage is the possibility of getting a pain and suffering benefit. This might not be possible if you do not have this type of car insurance coverage.
Cheers,
Fashun Guadarrama.
What Are The Different Types Of Car Insurance Coverage And Which Should I Have?
This car insurance commercial that I found on YouTube really cracks me up. It sort of embodies the confusion that most people feel when they are trying to hash out their car insurance policy with their company, and everything seems both repetitive and lost on them every time. I’m going to try to help make this feeling a little better by giving you a short guide to different types of car insurance coverage that you might need when you go to get your policy.
- Comprehensive.
Comprehensive coverage is often required if you are financing a vehicle, but is to required by law in any state. This covers any damage or loss of vehicle in the event of a natural disaster, such as a flood or fire, or in the case of theft or vandalism. These are basically accidents that do not involve driving.
- Collision.
This is another type of coverage that might be required by your financer. Collision covers the damages or total loss of your vehicle of you get into a car accident with somebody else and you are the at fault driver.
- Gap insurance.
Third in the financer trilogy, gap insurance picks up where all of your other coverages leave off. In order to get this type of coverage, you have to have the max limits on all of your other coverage. This could be a lot of help if you total a car that you’re still paying on, because the value is often less than what you still owe.
- Liability.
This is the basic car insurance coverage that is required by most states. Liability encompasses three types of coverage, for injury or death to one or more persons, and for property damage. It covers the other driver in the case of an accident in which you are at fault.
- Uninsured/underinsured motorist coverage.
When a driver causes an accident and does not have enough insurance, or any at all, to cover your damages, this type of car insurance coverage kicks in.
- Personal injury protection.
This is very popular in no fault states, and where it is not required might not be necessary if you have health and life insurance. It kicks in before the other driver’s liability does, and covers you if you are at fault. It handles medical expenses, wage loss, and death.
Cheers,
Fashun Guadarrama.
Are You Looking For Cheap Florida Car Insurance?
Florida has two kinds of laws when it comes to car insurance. First there is the financial responsibility law, and then there is the no fault car insurance law. What the financial responsibility law does is that it requires you to have coverage for your vehicle if you get into an accident in which you are at fault, so that the other car can be covered by your insurance policy. The limits are lower than for other states, with a 10/20/10 policy required rather than the amounts of other states which tend to be several thousand dollars more. If your license is suspended, you have too many traffic violations, you get into a car accident, or you are caught driving drunk, then you will need to prove financial responsibility.
If one of those above things happens and you aren’t insured in Florida, then you will have your license revoked for a period of three years. The only way to avoid this is to get Florida car insurance before the suspension of your license. It’s possible to get it very soon afterwards, but then you will have to pay a couple hundred dollars to get your license backed. Once you are with a car insurance company, they will have to file an SR 22 form in order to prove that you are insured with them, and SR 22 insurance tends to cost more than other types.
Florida is not new with its policy of having car insurance companies tell the DMV whenever they sell a new policy or when another one isn’t renewed. The DMV is informed that your car insurance policy is either canceled or not renewed, then you wil be required to prove that you have insurance or turn in your license plates. If you don’t do either of those, you’re looking at a license suspension of three years, yet again. No fault car insurance comes with its own requirements for coverage, and those are $10,000 PIP (personal injury protection) and $10,000 PDL (property damage liability). Unlike the minimum under the financial responsibility law, these amounts apply to you and your vehicle. This simplifies the claims process by keeping you with your own car insurance company.
Every time you lapse in your car insurance, the amount that you’ll have to pay to keep it goes up. The first time it’s one hundred and fifty, the second it’s two hundred, and the third it’s a whole five hundred dollars. Even if you don’t live in Florida for the whole year, so long as your car is there for three months (which don’t need to be all together), you have to be insured. One of the exceptions is if you use your car entirely for business, such as if you ar a taxi driver. If this is the case with you, then you don’t have to have insurance. However, if you get into a car accident while you are not insured, then after that you will be required to have SR 22 car insurance, which is more expensive.
Cheers,
Fashun Guadarrama.
Free and Simple Ways to Lower Your Car Insurance Premiums
How can I EASILY lower my car insurance? It seems that all the auto insurance companies that advertise on TV rarely…if ever tell you how to lower your car insurance rates.
For late model car owners – you might only want to carry collision and comprehensive coverage. What is Collision Coverage you ask? Collision coverage insurance pays to repair your vehicle when and if you are ever involved in an auto accident. It also pays no matter who was at fault.
What is Comprehensive Coverage you ask? Comprehensive insurance pays to repair your car when it’s been damaged by fire, vandalism, theft, or other freak acts of mother nature.
How can you save money on collision and comprehensive coverage? By far the easiest way is to carry the highest deductible that you can afford. The deductible amount is the part of the repair cost that YOU will pay for. Raising your deductible from $250 to $1,000 can save you up to 55% on your insurance premium.
Say your car needs $2500 in body repairs after an auto accident. If you carried a $1000 deductible you will be responsible for $1000 and the insurance company would pay the remainding $1500…..and all other costs that might be un-covered during the repair process.
Doesn’t sound like a good deal to you? The amount of money you will save on your annual insurance premium for having a high deductible will more than off set your $1000 deductible pay out in 2-3 years of time.
Personal injury protection insurance is something you might also want to consider as well. What is Personal injury protection you ask? This pays for medical expenses for you and passengers in your vehicle if you’re ever involved in an car accident. It will also pay medical expenses for you and your immediate family if you are ever injured in someone else’s vehicle or when you’re walking or riding a bicycle….don’t laugh this happens quite often.
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