Florida Automobile Insurance Laws

Florida is a partial no fault state. The no-fault portion of your coverage pertains to bodily injuries. In the event of an accident, each party is responsible for their own medical bills and other costs related to the injuries sustained in the accident, and your right to sue the other party is limited.

To learn more about how Florida no fault auto insurance works, click here.

Florida auto insurance laws require all drivers to carry property damage liability and personal injury protection (PIP) policies.

Property damage liability covers the damage you cause to another's property, and you must carry a minimum of $10,000 in coverage.
PIP covers your injury-related expenses, regardless of who was at fault in the accident. Covered benefits include some compensation for necessary medical expenses, lost wages, lost services, and funeral expenses.

$10,000 worth of PIP is required, although you may be able to increase your benefits by purchasing more. Some drivers may choose to decrease their premium by applying a deductible to the coverage or by excluding the loss of wages benefit.

Florida auto insurance laws may also require that Florida drivers with previous accidents or violations may be required to carry bodily injury liability. This coverage helps pay for the cost of injuries you cause to another in an auto accident.

Bodily injury liability (BIL) coverage in Florida carries a minimum of 10/20. (That's $10,000 per person for injuries you cause to the other party, up to $20,000 total.) Drivers who aren't required by law to purchase BIL are strongly urged to consider doing so for their own financial protection.

Florida auto insurance companies also offer optional coverage such as collision, comprehensive, and uninsured and underinsured motorists' coverage.

How Florida car insurance rates are set

The price of Florida auto insurance is based on the behavior of Florida drivers as a whole. Florida auto insurance companies divide the cost of providing insurance for Florida drivers (this includes settlements and legal fees) by the number of Florida drivers.

The percentage you pay is decided by specific attributes such as your driving record, your age, where you live, and the kind of car you drive.

Each Florida auto insurance providers figures their percentages in a different way, so they could each charge a different rate on the same driver.

If you've suffered as the result of an automobile accident or have more questions, contact one of our attorneys for a FREE CONSULTATION using the form below or by calling 1 (888) 77-GENET.

I understand that in visiting this site I am not entering into an attorney client relationship with Paul B. Genet or Stephen Haskins. The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.