CAR INSURANCE BY STATE

Florida has a long history full of travelers. First settled by the Spanish in the 1500’s, it’s grown to enormous proportions over the years. The Sunshine state spans two time zones so if you’re traveling from the Panhandle to the Keys, be sure to set your watch. If you’re coming from the north, take U.S. Route 1, which runs along the east coast of Florida straight down to the Keys. There are many different sites worth visiting, even if you’re a Florida resident, and while the drive has nice scenery, it can be dangerous. Protect yourself with Florida vehicle insurance.

driving in florida
If you drive in Florida, you need insurance. Read the Insurance Panda Guide To Auto Insurance In Florida. (Image source FLICKR)

While Florida requires that all citizens maintain car insurance, their insurance system is slightly different from other U.S. states. Florida has no fault insurance, but that doesn’t mean that it’s less important to have the right policies and coverage amounts. The risk of driving uninsured far outweighs the cost of insurance. If you aren’t sure where to get the best price, simply use our quote comparison tool. It gives you multiple quotes from local insurance companies with just a little bit of information. Insurance is necessary to protecting your financial assets.

Average Auto Insurance Prices in Florida

Vehicles insurance rates will vary in Florida, but if you know how premiums are determined, you have a better idea of what might be costing you so much. In Florida, typical factors include driving record, coverage selections, the make and model of your car, your age and gender, a credit based insurance score and your zip code. Driving history is easy to understand but how do your age, gender and zip code determine your insurance rates?

Studies have proven that younger drivers are more likely to be in an accident than a middle aged driver. While risk rises slightly as people age, teen drivers are still the most dangerous drivers on the road. Researchers also claim that men are more aggressive drivers than women, meaning there is a higher chance of causing an accident. Zip code also determines a certain amount of risk. If you live in a neighborhood that’s known for theft, the insurance company believes that it’s a higher risk of your car being stolen. Although individually, these factors may not seem fair, the biggest contributor to your premiums is your driving history and coverage selection.

If you’re a safe driver, you can be rewarded with discounts. Ask your insurance agent how you qualify.

Current average annual auto insurance premiums in the United States: $1666.62

Current average annual auto insurance premiums in Florida: $1476.00

Most Expensive Florida Insurance Rates

1. Miami (33135): $2632

2. Miami (33147): $2588

3. Hialeah (33013): $2586

4. Miami (33128): $2526

Least Expensive Florida Insurance Rates

1. Newberry Archer (32669): $1039

2. High Springs Alachua (32653): $1043

3. Gainesville (32607): $1043

4. Gainesville (32605): $1043

Florida Minimum Auto Insurance Requirements

Florida is a no fault state which means you have limited ability to sue a driver who caused an accident. In other states, you have the right to sue as long as you can pay for the court costs. No fault insurance was developed to help ward off a high number of lawsuits in which the injured parties were seeking reparations for medical expenses. Instead, Florida created the Personal Injury Protection insurance policy, otherwise known as PIP.

Each citizen is required to have a certain amount of PIP coverage, but you should purchase more than the legal minimum. If you’re injured, regardless of fault, PIP will cover 80% of your necessary medical expenses and up to 60% of income lost due to your injuries. If you can’t take care of your household, PIP can even cover cleaning and cooking services. This is one way to ensure that everyone’s medical needs are cared for, while saving the state money by keeping lengthy lawsuits out of the court system.

Of course, lawsuits aren’t completely banned. If an accident results in permanent damage or disfigurement, the injured still has the right to sue. That’s when your liability insurance will come in handy. Even if you live in a no fault state like Florida, don’t assume that you can’t be sued.

  • Bodily Injury Liability per person: $10,000
  • Bodily Injury Liability per accident: $20,000
  • Property Damage Liability: $10,000
  • Personal Injury Protection (PIP): $10,000

The following amounts and policies are recommended.

  • Bodily Injury Liability per person: $100,000
  • Bodily Injury Liability per accident: $300,000
  • Property Damage Liability: $50,000
  • Uninsured/Underinsured Motorist Bodily Injury per person: $10,000
  • Uninsured/Underinsured Motorist Bodily Injury per accident: $20,000
  • Medical Payments: $5,000
  • Collision: $500 deductible
  • Comprehensive: $250 deductible
  • Personal Protection Insurance: $10,000 medical and loss of service
    • $5,000 funeral services
  • Personal Injury Protection (PIP): $10,000

Penalties for Driving Without Insurance in Florida

Florida’s Financial Responsibility Law requires drivers to maintain at least the minimum liability requirements. To prove that you have insurance, always carry your insurance card with you. If you’re pulled over and can’t prove that you have insurance, there are consequences. Your drivers’ license could be suspended as well as your registration and license plate. In some instances, you may not be able to drive for three years!

If you don’t have proof on you, simply take it your DMV and show the card to get your license reinstated. Some will charge you a reinstatement fee which can range anywhere from $150 to $500. Take necessary steps to always have proof with you. Carry an extra insurance card in your glove box.

How to Get Auto Insurance in Florida

Although Florida’s vehicle insurance system is slightly different than other states doesn’t mean that Insurance Panda can’t find you the coverage you need. All we need is a little bit of information and then let the quote comparison tool get to work. It will provide you with a list of quotes from local insurance companies, who you can contact at your convenience.

When you speak with an insurance agent, ask about customizing your insurance policy for your needs.

Car Insurance Agents By City/Town In Florida

Additional Florida Auto Insurance Resources

The information above is for reference material only and Insurance Panda cannot legally be held responsible for anything written above. For official information, visit these websites:

Florida Department of Motor Vehicle Guide

Florida Office Insurance Regulation