Florida Car Insurance Requirements in 2023
Florida requires a minimum of $10,000 in both personal injury protection and property damage liability coverage before a vehicle may be registered.
To register a car in Florida, much like almost every other state, drivers must fulfill minimal auto insurance requirements. However, Florida is also a no-fault state, which has an impact on the kinds of coverage that motorists must buy prior to leaving the house.
The types and quantities of vehicle insurance coverage necessary in the Sunshine State will be discussed in more detail by the Guides Auto Team in this article. To assist you in making an educated decision on your coverage requirements, we’ve also listed the top vehicle insurance providers.
The Fundamentals of Florida’s Car Insurance Requirements
One of the 12 no-fault states in the United States is Florida. This implies that each driver’s insurance covers injuries or medical expenditures for them and their passengers, regardless of who is the at-fault driver. Drivers in the Sunshine State are required to obtain the following minimum levels of auto insurance coverage, according to the Florida Department of Highway Safety and Motor Vehicles (FLHSMV):
Although Florida’s PIP and property damage liability minimum coverage limits are very low, drivers can choose to acquire an insurance with greater amounts. This is particularly crucial if you have PIP insurance since, in the event that you cause a vehicle accident that leaves someone seriously injured or dead, you might be held responsible for covering a large portion of their medical expenses as well as other costs.
While PIP insurance aids in covering your medical expenses, bear in mind that liability insurance only covers damage to other people’s property and does not cover damage to your car. In order to properly protect their car from auto accident costs, many drivers choose a full-coverage insurance that includes collision and comprehensive coverage.
Cost of Florida Car Insurance
Estimates from Quadrant Information Services show that minimum-liability auto insurance in Florida typically costs $112 a month or $1,343 a year. These numbers are much higher than the $53 monthly or $635 annual average for the country.
Florida motorists shell out, on average, $246 per month or $2,947 year for a full-coverage auto insurance policy. Once more, these prices are far more than the US average for complete coverage, which is $144 per month or $1,730 annually.
Florida’s lowest cost minimum coverage
In Florida, Geico, State Farm, and Travelers frequently provide the most affordable minimum-liability vehicle insurance coverage. But only Geico offers coverage at a projected cost that is lower than the US average.
Florida’s lowest cost full coverage
The lowest full-coverage auto insurance, which also covers collision and comprehensive coverage in addition to the mandatory coverages, is also made available to Florida drivers by Geico, State Farm, and Travelers. Even from the cheapest carriers in the state, the estimated cost of a full-coverage insurance in Florida is still greater than the national average.
Florida Automobile Insurance Requirements:
Drivers in the state of Florida must acquire PIP coverage and property damage liability insurance in order to comply with the state’s minimum insurance standards. Although just three forms of insurance are necessary in Florida, drivers can benefit from purchasing extra protections like comprehensive and collision insurance to make sure they are completely covered.
Recommended Auto Insurance Companies
We advise you to compare vehicle insurance quotes from several insurers in order to locate the best Florida auto insurance provider for you. We advise starting your search with State Farm and Geico, two of our top-ranked insurance companies, whether you shop online or consult with an insurance agent.
The National Association of Insurance Commissioners reports that State Farm is the biggest car insurer in the nation (NAIC). As a result of its extensive network of local agents, stellar reputation in the industry, and vast range of coverage options, our review team recognizes State Farm as our Editor’s Choice. Both minimum-coverage and full-coverage insurance in Florida are available at reasonable average prices.
Along with regular insurance options, State Farm also provides a variety of supplemental coverage options. You may select add-ons like ridesharing insurance, uninsured motorist protection, reimbursement for rental cars, and rewards for trip disruption. Drive Safe & SaveTM, the company’s telematics program, encourages safe driving with reductions that can reach 30% when you renew your insurance.
According to the NAIC, Geico is the second-largest car insurer in the U.S. It is renowned for its competitive prices and superior customer support. In comparison to its rivals, the firm offers large insurance limits.
Geico provides uninsured/underinsured motorist protection, medical payments (MedPay) coverage, round-the-clock roadside assistance, and ridesharing insurance in addition to the regular liability, comprehensive, and collision coverage. The business also offers mechanical breakdown insurance (MBI), which acts as an extended warranty and covers a variety of important components.
What kind of car insurance is necessary in Florida?
In order to register a motor vehicle in Florida, you must have a minimum of $10,000 in property damage liability and personal injury protection (PIP) (PDL). The state of Florida does not mandate that policyholders have bodily injury liability (BIL) protection.