When you are looking for a provider for your Florida car insurance, policy provisions and coverage options will help determine your rates. Some of the policy provisions for FL drivers are mandated by car insurance laws. Use the information below to make sure that you car insurance policy provisions meet Florida laws and your individual needs.
Included In Florida Car Insurance Policy Provisions
The two main issues in Florida auto insurance policy provisions are Financial Responsibility and the No-Fault policy provision.
- Financial Responsibility – (BIL) – Bodily Injury Liability – $10,000 per person and 20,000 for 2 or more persons per incident
- No-Fault – (PIP) – Personal Injury Protection – $10,000 for the insured
Florida requires that all drivers carry proof of auto insurance. If a person is caught driving without proof of insurance their license can be suspended by the Department of Highway Safety and Motor Vehicles until they can prove that they have Florida car insurance. The first year could require a $150 fine. The second year could require $250, and the third year without proof could cost you a whopping $500 bucks.
Optional Florida Car Insurance Policy Provisions
Even though Florida does not require uninsured motorist fees, most people do acquire uninsured motorist protection. Most obtain around $10,000 to $20,000. They also obtain collision and comprehensive protection on their vehicles.
Of course these provisions include deductibles. The average Floridian obtains policies with $250 and $500 deductibles for these provisions. Most people protect themselves with up to $300,000 worth of coverage for bodily injury liability.
On average $50,000 is allotted for property damage. Consider adding this extra expense if you find your self in the position of filing a claim.
Elements Of Graduated Florida Car Insurance Policy Provisions
A lot of people are not taking advantage of the Graduated Florida Car Insurance Policy Provisions. These provisions place restrictions on teen drivers. A few of the restrictions for them are:
- Extended Learner Permit Periods
- Night restrictions
- Parental Certifications
- Number of Passengers restrictions
Many Floridians agree that these restrictions have saved the lives of many teens. Incidentally the Institute for Highway Safety only rated Florida’s Graduated Provision as “fair’.
Adults can participate in Florida DMV approved classes to improve the points on their driving record. These driver improvement programs can help to decrease some of the 250,000 accidents that happen on Florida highways.
Legislation SB 1880 And Florida Car Insurance Policy Provisions
Many people, especially in the insurance industry are against the no-fault Florida Car Insurance Provision. They believe that this provision leaves room for too much fraud and abuse.
Legislation SB 1880 speaks to the expiration of the no-fault law which expires in 2012. The views of eliminating this provision are overwhelming. People are circulating a petition to get rid of it. They are claiming that it will save Floridians up to 16% in and premiums.
On the other hand, there are those who think this is a winning provision for those who are in need of medical expenses paid immediately and medical attention that is ongoing. In states that do not have this provision, the parties have to prove who is at fault before they are awarded damages.
Floridians And Their Florida Auto Insurance Policy Provisions
Most people just want to comply with the laws of the state with regard to the minimum requirements to save money. They could not care less about the bickering over the no-fault law until it happens to them or someone close to them.
If you are a Florida driver with teenage children then it would behoove you and your teenager to become familiar with the Graduated Florida Car Insurance Provisions. Others that can afford to invest in optional insurance provisions are well advised to take advantage of them. Florida is a huge metropolitan state with many travelers. It is unwise to drive around without some type of insurance.
Get Familiar With Florida Car Insurance Policy Provisions
When you purchase a vehicle, you probably just do what’s required by obtaining insurance on it. How many of us actually reads the policy when it arrives in the mail?
Not very many. It is when we are faced with an ordeal that we go back to try and prove our case for a payout. To make sure that your bases are covered and that you are knowledgeable, read your policy, and ask questions.
Now that you understand how Florida car insurance policy provisions will impact your coverage, take the easy step to get multiple quotes by using the free quote tool above right now!