Car Insurance In Florida

Florida is a sub-tropical state with over 116,000 miles of public roads. The state is also one of the most populated in the nation. In addition to the higher risk associated with more drivers on the road in Florida, severe weather conditions from the Atlantic can cause trouble for drivers. The average annual insurance premium in Florida in 2010 is $1,671, just slightly higher than the current national average of $1,545.

Requirements:

• Bodily injury liability minimum: $10,000/person, $20,000/accident
• Property damage liability minimum: $10,000
• Personal Injury Protection: $10,000

What you need to know about Florida

Florida has a No-Fault system for car insurance, meaning regardless of who causes an accident, the insurance of both parties is required to cover damages. In addition to a property damage liability requirement, the state requires drivers to carry $10,000 worth of personal injury protection to help pay for “reasonable and necessary” medical expenses of the insured and their passengers due to an accident.

The penalty for driving without adequate insurance in Florida can result in a revocation of your license or registration of up to three years, as well as a fine.

What you may not already know

Anyone who lives in Florida for a total of 90 days within a 365-day period is required to have the minimum insurance coverage for the state. This means that even if you don’t technically live in Florida, if you are present in the state for over 90 days within a 365-day period you are expected to follow the vehicle insurance rules of the state.