The state of Florida requires its drivers to carry appropriate amounts of automobile insurance, in order to legally operate a motor vehicle in Florida. insurancemozo.com understands the value of important information necessary to find the Best Florida Car Insurance for you. The below information will help you find the cheapest auto insurance in Florida.
What are the minimum Florida car insurance requirement?
Minimum liability requirements in Florida for car insurance are 10/20/10. That means:
$10,000 liability coverage per person for injury
$20,000 liability coverage per accident for injury
and $10,000 for property damage liability(damage to buildings, traffic signs or other party vehicles)
Is Florida No Fault State?
Yes Florida is a no fault state.This means that if you are involved in an accident, your insurance company will pay for any damages to you, regardless of who is at fault. Simply put, if you get into a car accident in florida, your insurance covers you and the other person’s insurance covers them.
Under Florida’s No-Fault Insurance Law, drivers must carry:
$10,000 of personal injury protection (PIP), also known as Florida No Fault Insurance
$10,000 of property damage liability (PDL)
What kind of car insurance discounts are available in Florida?
- There are various discounts available in Florida such as green car discount, good student discount, good driver discount, safety course discount etc.
- Please review several discounts available here and ask insurance provider at the time of insurance if you can qualify for one
Alternative Options to Insurance:
Self-insurance certificates are available in Florida if one of the three following conditions are met under Florida Statutes, Title XXIII 324:171:
- worth of $40,000.
- You are a person, firm, or other organization that has a minimum unencumbered net worth of $40,000 for the first vehicle and $20,000 for each additional vehicle; or you have a net worth deemed sufficient for you to be financially responsible for any potential losses
- You are the owner of a commercial vehicle, as defined here.
- You must qualify by application through the Department of Highway Safety and Motor Vehicles:
- Neil Kirkman Bldg.
- 2900 Apalachee Parkway
- Tallahassee, FL
- 32399-0500
In Florida, you have the option to use a surety bond or cash deposit instead of insurance if the following requirements are met under Florida Statutes, Title XXIII 324:161:
Cash or securities deposit of at least $30,000
The cash deposit must be made with the Department of Highway Safety and Motor Vehicles
Required Proof of Insurance in Florida
Copy of the insurance policy or an insurance card provided by insurance company including all of the following:
Name of insurance company
Insurance policy number
Effective date/expiration date of policy
Accurate description of year, make/model of registered vehicle
Name of insured driver
Self-insurance certificates are issued by the state and must include the following:
Certificate number issued by Department of Licensing
Effective date of certificate
Accurate description of year, make/model of registered vehicle
Name of driver covered by certificate
Certificate of Deposit
Certificate number issued by State Treasurer
Name of driver covered by certificate of deposit
Liability Bond
Name of company issuing bond
Bond number
Name of driver covered by bond
How do I get a best Car Insurance Quote in Florida?
Your best option to find the most affordable car insurance coverage in Florida is to always start an auto insurance quote comparison search online. Just enter your ZIP code above to get FREE auto insurance quotes today.
Here at insurancemozo.com, we made it our job to find you the most affordable auto insurance quotes for you and your family, so that you won’t have to pay the outrageous insurance prices when you buy auto insurance in Florida.
Florida Office of Insurance Regulation
Office of the Insurance Commissioner – Kevin M. McCarty
200 East Gaines Street
Tallahassee, FL 32399
(850) 413-3140
