All drivers must have some type of auto insurance to drive legally, and this also applies to residents of Florida. When purchasing coverage in this state, there are certain factors that you need to consider. Here are the basics regarding Florida auto insurance rates.
In Florida, the minimum coverage for personal injury protection is $10,000. This amount covers children, dependants and other automobile passengers who are involved in an accident. Liability coverage in the amount of $20,000 is also required. This covers any injuries if you have an accident and helps provide legal assistance. In case your car causes damage to property, property damage liability is another requirement.
Out of state policies can not be transferred, and instead, a policy must be purchased from a Florida agent. Also, if your policy lapses, your driver’s license could be suspended for up to three years. Be sure to keep your insurance current, and it is also a good idea to shop for a lower rate.
People who work in certain fields can qualify for a lower premium. For example, some companies offer engineers a discount because they assume that people in this field are more likely to pay attention to details when maintaining and buying a car. Also, these professionals are viewed as being more cautious when driving.
Raising your deductible is a good way for consumers under 25 years of age to lower monthly rates. Other steps include attending driving classes, buying a car with safety features, maintaining good grades in college, maintaining good credit and purchasing a cheaper automobile. By using these tips, you can get the best coverage for the least amount of money.