Florida drivers are required to have at least $10,000 in insurance coverage for death or injury, $20,000 for one accident, and only $10,000 for damage to property. Drivers don't have to have comprehensive or collision insurance on their cars unless they need to for other reasons, like if they have a lien on the car and the lien holder says they do.
There are a lot of different car insurance companies in Florida, and good drivers can get good rates from most of them. High-risk drivers will have to pay more for their insurance than low-risk drivers. There are car insurance companies that want you to give them all the information they ask for in order to get insurance from them. The rates were made when the insurance companies took all the information about the drivers in Florida and put it into a computer. This lets them set different rates for good drivers, drivers with a medium risk, and drivers with a high risk.
Quotes for car insurance will be higher for high-risk drivers than for low-risk drivers. The fact that high-risk drivers need insurance to drive means that these companies can make money. Eligibility requirements vary from company to company, so you should always compare car insurance rates. If you are a high-risk driver and an auto insurance company won't cover you, you need to keep looking until you find one that will, even if the premium is high.
A high-risk driver who lives in Florida pays a very high premium. If you are single and have a bad driving record, your monthly premium will be high because of your insurance rate. If you live in Florida, you need to be very careful about getting tickets if you want insurance that you can afford.
If you live in Florida, you need to carry proof of insurance. Not having insurance is a serious crime that can get you fined or cause your driver's licence to be taken away. Car insurance is required in Florida, and judges have been known to give harsh sentences and take away cars that do not have insurance. When you go to register a new car or get your plates renewed, you need to show proof of liability car insurance. All states have some kind of penalty for not being able to show proof of car insurance.
If you have car insurance from a company in Florida, your insurance is proof that you are insured to drive in all states. If you have an accident while travelling in the U.S., you will face the same penalties, but your insurance from Florida will be accepted. You should always carry proof of insurance with you so that if you are pulled over, even for a speeding ticket, you can show that you are covered.
Uninsured motorists insurance protects you if the other driver doesn't have insurance or if your car is hit and the other driver takes off without paying. The underinsured motorist coverage pays for anything the other driver's insurance may not cover because they only have the minimum coverage. Once you know the basics of car insurance, it's easier to find the right coverage that will protect you from financial problems that could happen if you don't have enough coverage. Even if your state requires less insurance, you should always have enough coverage. This will keep you from losing money if someone sues you for injuries or death caused by an accident.
