Florida Insurance
Every state in the U.S. tends to have stringent requirements when it comes to the insurance laws that govern coverage plans. This is especially true for the automobile industry and Florida is no exception. The specific requirements for auto insurance in Florida are basically divided into two separate laws: the Florida Financial Responsibility Law and the No-Fault Law.
The main purpose of the Florida Financial Responsibility Law is to protect residents in the event of the following situations:
- Causing an accident that results in injuries
- Suspension of driver’s license due to the accumulation of excessive points
- DUI/Repeat Offender – resulting in ticket and license being revoked
Florida insurance also mandates the No-Fault Law, which serves to protect both Florida drivers and their vehicles. The minimum insurance requirements according to this law include $10,000 personal injury protection and $10,000 property damage liability. Failure to purchase the minimum car insurance requirements in Florida means that residents are unable to get a license plate or register their car.
Florida insurance quotes and insurance rates can be obtained by consulting with a Florida insurance company. However, remember that it’s always best to request quotes from more than one company in order to lock in lower insurance rates.