You hear about them on the news almost every day. It will bring traffic to a halt and make you late for work in no time flat. It can cause you many sleepless nights and endless days of anxiety. In the blink of an eye it can cause disfigurement and death. What it is? It is an automobile accident. According to statistics, there were 31,995 automobile accidents in central Florida alone in 2017. Can you imagine what a number like that does to automobile insurance rates? Although Florida only requires for an automobile owner to carry Bodily Injury Liability Insurance and Property Damage Liability Insurance, with statistical numbers such as those above, it is a wonder why people do not carry full coverage. The typical car insurance policy in Florida meeting the minimum requirements under the Financial Responsibility Law will include,

  • Bodily injury liability for one person – $10,000
  • Bodily injury liability for two or more people – $20,000
  • Property damage liability – $10,000
  • Combined single limits – $30,000

With the average cost per year of adding collision coverage to an existing automobile insurance policy is $234, you see that it can be very affordable. To make collision coverage even more affordable, try adjusting the amount of deductible by making it higher. The higher the deductible, the less than the amount of your premium that is associated with your collision coverage. Many automobile owners are starting to realize that collision coverage is extremely important, especially in Florida. Another recent study conducted by the Insurance Information Institute showed that 72 percent of motorists nationwide chose collision coverage for their vehicle. That is being thrifty and smart. Having this coverage will provide you with peace of mind in the event you are involved in a collision and damage occurs to your vehicle. It decreases the risk as a motorist because the repair costs in the event of an accident or collision can be predicted. It should also be limited to the amount of your deductible.

Florida auto insurance protectionOne of the most asked questions after an automobile accident where there are injuries involved is, “Who will pay my medical bill?”. The answer to that question is your Personal Injury Protection Insurance will cover part of any medical expenses and income loss you may have as a result of your car accident. But note that there are some additional coverages such as,

  • Your child and other members of your household.
  • Your child, when he or she is riding on a school bus.
  • You, when you are a pedestrian or bicyclist involved in a car accident.
  • Passengers in your car who do not have their own Personal Injury Protection Insurance and do not own a car.

Some may think that having coverage even if you do not own a car a bit strange. But it’s not; it’s smart and it is always good to plan ahead in case of the eventuality. Anyone in your car who has their own personal injury protection insurance will be covered by his or her own policy if you get in a car accident. In the same respect, your personal injury protection insurance will cover you while you are a passenger in someone else’s car. Now, how’s that for the best planning idea ever? In addition, what is Just as important is having Property Damage Liability auto insurance in Florida. It will cover you for damages you cause in a car accident to someone else’s propertysuch as homes or buildings. Having the minimum limits of insurance may be optimal for some, but there may be others that would rather purchase higher amounts of coverage on their property injury protection and their property damage liability coverage.

What Insurance Does Florida Law Require?

While Florida law says that you only legally need the minimum amounts of coverage, you always have the option of purchasing higher comprehensive coverage on your property injury protection and property damage liability coverage.

What Insurance Does Florida Law Require?Keep in mind that comprehensive and collision coverage policies are not required by Florida law. However, if you financed your car, the lender will require you to purchase both.

Many of the people causing these accidents had little or no insurance to pay for the injuries they caused. You may not believe this, but Florida has some of the worst laws in the country when it comes to protecting an innocent driver who is injured in a crash.  Keep in mind, neither the state of Florida nor the other driver will protect you. All you can do is plan ahead and protect yourself and your family. If you think that you and your property will be taken care of if you are in an accident, chances are you will not be unless you had planned ahead and taken care of yourself and your family by buying adequate insurance. Its best to know that even if you are completely innocent in an accident, you can still get stuck with thousands or even hundreds of thousands worth of medical bills, loss of income, and a permanent injury that can devastate you for the rest of your life.