Florida Car Insurance Requirements: What You Need

If you have a car, you need to have Florida car insurance. It’s important to know what you need in your car insurance policy, and it’s possible to get help with an agent. There are requirements for liability and a few other things to be aware of as well. Once you have a policy, it can provide the peace of mind you need while driving around Vero Beach and beyond.

Coverage Required by the State

The state of Florida requires you to have a minimum amount of insurance. This includes amounts liability coverage for both injuries as well as property damage. You will also need to have PIP or Personal Injury Protection. The state recommends having uninsured motorist coverage, but it isn’t required. However, your insurance company will ask you to sign a waiver stating that you opted against it.

Coverage Required by a Lienholder

If you are paying on a loan or a lease for a vehicle, you want to make sure you check with the lienholder to find out if they have any insurance requirements. They will usually identify what the coverage is and then require that you send them a declarations page that identifies what your policy includes.

Collision coverage is one type of coverage that may be required, and they will specify the amount. This way, you are covered in the event of a collision, whether it was your fault or not.

Comprehensive coverage is another common requirement. This will cover non-moving damage, such as hail, a tree branch falling on your car, or even a shopping cart hitting your car in a parking lot when you’re parked.

Get the Right Coverage

Ultimately, you have to get at least the minimum amount of insurance required. However, when you build your Florida car insurance policy, you have the option of increasing coverage. This may not be as expensive as you would initially think. Talk with an agent and get quotes on coverage from multiple companies so you can start the comparison process.

Then, as you drive in the Florida sun, you can be sure you have the needed coverage should you be involved in an accident or have something happen to your car. It can be financial protection that has the potential to save you a significant amount of money out of pocket.