Are you carrying enough Florida auto insurance to cover more than the bare minimums if you have an accident in Florida?

Motorists are required by law to carry minimum levels of auto insurance coverage on their cars, but minimum amounts of coverage are just that —the minimum. They may not, in the event of a serious accident, be enough to completely cover them financially.

Performing a Florida auto insurance comparison for policies with above-minimum protection levels is highly advised for drivers in the sunshine state–after all, the minimum requirement remains one of the lowest in the nation; automobile owners in the Florida area must carry a total of only $ 20,000 in protection.

Unless a driver has traffic violations or has proven in the past to be unable to meet financial responsibility standards, only $ 10K is required in personal injury protection (PIP) and $ 10,000 in property damage liability (PDL).
PIP exists to cover a policyholder who has been in an accident, regardless of fault, for 80 percent of “reasonable medical expenses” and 60 percent of lost wages, up to the designated monetary limit, and it also pays up to a $ 5,000 death benefit.

PDL pays for damage to property accidentally caused by the policyholder.

The Florida State Department of Financial Services advises car owners to consider adding bodily injury liability protection. This type of policy goes to pay for damages related to “death or serious and permanent injury” caused by a legally liable policyholder.

The minimum amount of BIL is $ 10,000 per person and $ 20,000 per accident. But, according to the Insurance Information Institute, most authorities on the subject recommend having at least $ 100,000 per person and $ 300,000 per accident.

Florida car insurance can be expensive. So how do you lower your insurance premiums and cut costs without compromising your coverage? This video from GetSafeInsurance.com offers some simple solutions for lowering the bill without raising your deductibles through the roof.

Remember, when you ‘re shopping for Florida car insurance, it’s important to list all your money-saving insurance features. Put them all on paper and don’t forget to tell your agent about your safe driving record, any anti-theft devices, additional safety features like rear-view cameras or running lights. All of these things and more could save you some extra cash on your auto insurance premiums.

MoneyTalksNews posted this video about auto insurance for teens a while back. We bring it to you here as a friendly reminder that while your son or daughter may not have their driver’s training classes scheduled yet, it’s coming a lot sooner than you think! Don’t miss out on the chance to anticipate your auto insurance needs and set up an appointment with your insurance agent and get things ready for the big day when your teen asks you for the car the very first time…