From the perspective of auto insurance, Florida is one of the most expensive places to drive vehicle in the country.
While people understand that hurricane problems are the culprit of high-premium home insurance, some still cannot see why car insurance also costs more than in other states.
According to statistics, Florida has high density traffic. Urban population and fast moving highways in and around the state are the main reasons that Florida also has high rate of accidents. In Florida, senior citizens often drive in lower speed than what’s actually regulated. If many cars move at 35mph in a lane where vehicles should move at 55mph, accidents are almost inevitable as well. The minimum liability requirement as regulated by Florida DMV includes $10,000 PIP (Personal Injury Protection) and $10,000 PDL (Property Damage Liability).
PIP (Personal Injury Protection)
Auto insurance Florida applies no-fault policy, meaning your insurer provides coverage whether or not you at fault in an accident. PIP coverage does not cover the driver, but also the passengers including your children and members of your household. Even when you borrow your friend’s car, PIP still applies as long as you are policyholder. As a result, the coverage sounds very generous, but you have to pay more than normal. Personal Injury Protection even covers your child in case he/she suffers injury while riding on school bus. It means the coverage is still applicable even when you are not the driver.
As a matter of fact, PIP can be used in any kind of accident which involves motor vehicle; you can be a pedestrian or bicyclist when the accident happens, but PIP still provides the coverage you want. As previously mentioned, the minimum amount to pay to get PIP is $10,000, and this rule applies to all owners of vehicles with four wheels or more in Florida.
PDL (Property Damage Liability)
Property Damage Liability provides protection for you and your family members in case other people’s properties are damaged in a crash or accident which involves your motor vehicle. Similar to PIP, the minimum amount is $10,000.
BIL (Bodily Injury Liability)
Car insurance Florida’s minimum liability requirement includes PDL and PIP, but you will also need BIL (Bodily Injury Liability) in Florida; this is not mandatory, but certainly an important one to purchase. The coverage will pay for any serious injury or even death caused by an accident that involves your motor vehicle. The coverage pays up to the limit of your policy. It even provides legal presentation in case you are sued for the accident, injury, or damage, which in most cases you will be.
How to Save On Senior Auto Insurance
Ever been in a situation where you are in a hurry to get somewhere and driving on the freeway with such speed then you suddenly see yourself come behind a car on same fast lane going slow, even slower than those on other lanes? You try as much to get the slow driver to move faster; flashing your vehicle light and all you could to no avail. You finally get to move past the slow driver and while getting by car, you realized the driver is an elderly and you simply drive ahead and wander along. It is a fact that senior citizens drive safely much more than the youths and have better rates.
What You Can Do to Get Cheap Insurance for Your Car
With so many auto insurance companies across the nation, finding an affordable insurance for your vehicle can be either easy or difficult. It is easy because those companies are in the middle of a competition which may force them to lower the premium. It is also difficult since the cheapest one is not always the most dependable.
Auto insurance used to be a complicated process full of lengthy discussions with captive agent
As technologies improve and communication has become easier than ever, buyers no longer need to wait for several days to get quotes and make the purchase.
