Florida is not easy on the pocket when it comes to car insurance. Just about every state will charge more for a newly insured person, but rates then come down after six months in most cases.
Florida is not easy on the pocket when it comes to car insurance. Just about every state will charge more for a newly insured person,
but rates then come down after six months in most cases. Florida residents don’t always have it easy when searching cheap auto insurance in Florida. It takes a few more steps and sometimes more money up front to save in the long-term view.
Unless you have been told otherwise by the court or state, you are only required to carry Personal Injury Protection and Property Damage Liability for cheap auto insurance in Florida.
• Personal Injury Protection, or PIP, covers your medical expenses up to the limit you choose for injuries you sustain in an accident. Anything over is on you. If you hit someone else and they are seriously injured and you are sued, you have no protection under PIP. The minimum requirement is $10,000.
• Property Damage Liability, or PDL, will pay up to the limit you choose for any damage you cause to personal property in an accident. So if you sideswipe four cars and crash into a storefront, your insurance company will pay to repair or replace damage. The minimum requirement is $10,000.
Cheap auto insurance in Florida doesn’t mean adequate coverage. You should not settle for just the minimum requirements. If that is all you have and cannot afford more, concentrate on cleaning up your driving history then re-quote with better coverage.
If you continue to only keep minimum PIP/PDL, you are forever keeping yourself in a high-risk rating tier even if you have a good driving record. In order to build up good insurance history, you must include Bodily Injury Liability (BI). The lowest you can choose on this is $10,000 each person, up to $20,000 each accident.
If you start with the basic requirements and the BI for $10k, on each and every renewal, check for cheap auto insurance in Florida for better rates. Once you maintain BI, it gives you better ratings as a financially responsible insured.
When you start seeing the benefits of better coverage with lower rates, increase your liability limits to the next level. This will give you $25,000 each person, up to $50,000 total, and up to $25,000 in PDL. As you can imagine, this will give you better protection. However, the real bonus is you are building your financial responsibility. This will help you find cheap auto insurance in Florida that doesn’t compromise protection.
The next step will be to increase to 50/100/50 and keep it for at least six months. When you hold higher limits, you will get higher discounts for being financially responsible and soon you will notice your $100,000 policy is cheaper than when you started with PIP/PDL of only $10,000.
It will take a few years and several steps of really paying attention to your insurance and tweaking your coverage. But if you follow these steps and maintain a good driving record, you will see the reward of great coverage for less than what your tiny PIP/PDL cost. Now you will have cheap auto insurance in Florida and great protection at the same time.
