Choosing Florida Low Cost Auto Insurance

When  you are looking for auto insurance in Florida, you may find that there are many low cost options like  However, there are some things to keep in mind when choosing your auto insurance to make sure you are insured properly.

Florida Insurance Laws

Florida insurance laws are different from many other states, due to their No Fault insurance requirements.  Florida law requires all drivers to carry insurance that includes property damage liability and personal injury protection, with a minimum of $10,000 in coverages.

  • Personal Injury Protection, or PIP Insurance Florida’s No Fault Insurance – This insurance provides coverage for injuries regardless of who is at fault in the accident.  This policy covers auto accidents, but also applies to accidents involving pedestrians, school buses, and bicyclists.  This insurance coverages provides protection for covered individuals, even if the other party in the accident does not have PIP insurance, or is in a vehicle that is not registered properly.
  • Property Damage Liability, or PDL Insurance – This policy covers damages that you or other covered persons in your vehicle cause to someone else’s property.  PDL policies only cover the other person’s damages, not any that may occur to your own vehicle during the accident.

One thing that allows companies to provide Florida low cost auto insurance is the fact that there are no requirements for you to carry insurance that covers damages to your own vehicle.  While this does result in lower premiums and costs for the insurance, it can lead to financial problems if your vehicle suffers extensive damage.  You will need to come up with the funds to pay for those repairs before you can safely drive your vehicle again.

Bodily Injury Liability, or BIL Insurance

BIL is another type of insurance that is offered in Florida, but is not required.  This insurance pays medical bills or funeral costs that are the result of you or another covered driver that causes an accident with injury.  Florida is one of only two states in the US that does not require this insurance, but having it can be important.  Even though BIL insurance costs more, and increases your premiums, if you do not have it, you will be responsible for paying those costs out of your own pocket.  This means that there is the potential that you could lose your home or other major assets if you are unable to pay for another person’s treatments or funeral.

Choosing Coverages

The Florida insurance laws go a long way in helping residents save on auto insurance costs.  However, many believe that these same laws help perpetuate reckless driving and fraud due to the protections that these laws provide for at fault drivers.

When choosing your Florida insurance coverages, you should make sure to carefully consider your options.  While it may be significantly cheaper in the short term to forego any coverages that are not   required by the state, this can result in financial difficulties if you are ever the cause of an accident.