Check the minimum How much is Car Insurance in Florida in 2024 find out cost factors and coverage options, and find the best rates for car insurance in Florida State. Get comprehensive information on Car Insurance in Florida to make informed decisions and secure the right coverage for your vehicle.
Florida a sunshine state is one of the 12 no-fault states in the US. This implies that each driver’s insurance pays for any injuries or medical costs they and their passengers may incur, regardless of who is responsible. According to the Car Insurance in Florida Department of Highway Safety and Motor Vehicles (FLHSMV) following are the minimum levels of auto insurance coverage that are mandated for drivers in the Sunshine State:
- Personal injury protection (PIP): $10,000 per accident
- Property damage liability (PDL): $10,000 per accident
All Medical costs and property damages are covered under PIP and PDL coverage, respectively. Due to Florida’s no-fault regulations, all drivers are required to maintain the minimum amount of PIP and PDL coverage. These are the two categories of insurance coverage.
What is Personal Injury Protection (PIP) in Florida?
Personal Injury Protection covers all the medical costs associated with an automobile accident. Notably, insurance coverage is offered irrespective of the crash’s cause. In another way, you are still covered by such personal injury protection even if you caused the collision.
What is the Property Damage Liability Coverage (PDL) in Florida?
Whether you or another driver was operating your covered vehicle, property damage liability coverage will pay for the expenses of any harm done to the other car in the incident. For example, Driver A hits Driver B and damages Driver B’s vehicle by $5,000. In that scenario, Driver B’s auto repair expenses would be paid for by Driver A’s PDL insurance.
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Minimum Insurance Coverage Required for Every Drivers in Florida
It is mandatory to show that you have the minimum amount of auto insurance required in Florida before you can register. Also, the insurance policy must be provided by the firm that is authorized to sell insurance policies in Florida. The minimal criteria to register a vehicle in Florida are listed below.
- Every vehicle must be insured with personal injury protection (PIP) and property damage liability (PDL).
- A minimum amount of $10,000 each in property damage liability (PDL) and personal injury protection (PIP) are required for every vehicle.
- Also, bodily injury liability (BIL) coverage of $125,000 per person, $250,000 per occurrence, and $50,000 in property damage liability (PDL) coverage are required for every vehicle registered as a taxi.
- If the vehicle is being driven or not, it is required to have continuous coverage.
- An insurance company registered to conduct business in Florida is the only source for any coverage protecting the vehicle.
- No matter where the vehicle is situated, every driver is required to keep Florida insurance coverage during the duration of the car’s registration.
Cheapest Car Insurance Coverage in Florida
Your rate will largely depend on the coverage level you choose, which is state-minimum coverage and full–coverage car insurance. In the tables below, we outline the firm with the cheapest coverage for both liability and full–coverage car insurance in Florida.
Cheapest Liability Car Insurance in Florida
| Cheapest Minimum Liability Car Insurance in Florida | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| State Farm | $54 | $650 |
| Geico | $57 | $682 |
| Travelers | $85 | $1,019 |
| Mercury | $121 | $1,450 |
| Progressive | $134 | $1,606 |
| Allstate | $150 | $1,803 |
| Farmers | $162 | $1,948 |
Cheapest Full–Full-coverage car Insurance in Florida
| Cheapest Full Coverage Car Insurance in Florida | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| State Farm | $151 | $1,813 |
| Geico | $171 | $2,057 |
| Travelers | $177 | $2,121 |
| Progressive | $266 | $3,196 |
| Mercury | $306 | $3,668 |
| Allstate | $309 | $3,712 |
| Farmers | $372 | $4,464 |
FAQ’s for How much is Car Insurance in Florida in 2024:
Q.1) How much is Car Insurance in Florida in 2024?
Ans. For every car, $650 and $1,813 are the annual costs provided by “State Farm” of minimum liability and full coverage car insurance in Florida respectively.
Q.2) What is the minimum car insurance required in Florida?
Ans. For every car insurance in Florida requires $10000 in property damage liability (PDL) and $10000 in personal injury protection (PIP).
Q.3) How much is Car Insurance in Florida in 2024 per month?
Ans. $54 and $151 are the monthly costs provided by “State Farm” of liability and full coverage car insurance in Florida respectively.
Q.4) What happens if a car accident claim exceeds insurance limits?
Ans. If claims exceed the limit, injured accident victims can take legal action or seek compensation from their policy.