Be Informed About Florida Auto Insurance

Editor — Sat, 03 Apr 2010 00:00:01 +0000

Any individual who owns a vehicle that is self propelled and has four or more wheels must maintain proper coverage at all times if they wish to register and maintain registration for as long they have a valid Florida license plate. This also applies to part time and seasonal residents who reside in the state for only a certain period of time of the year. For example, if an individual utilizes Florida’s roadways for more than 90 days in a calendar year they must purchase a policy complying with the state’s laws and the 90 days do not have to be consecutive. All polices issued must be purchased from a Florida auto insurance company that is licensed in the state; if a motorist wishes to purchase coverage from a company’s representative such as an agent than this person must be licensed by the state as well. Before taking out a policy from an insurer or paying an agent for coverage it may be a good idea to contact the state department of insurance to ensure that this agent’s licensing status is in order and that the carrier they are representing is authorized to issue policies in FL. Mandatory FL Car Insurance The minimum coverage that can be purchased in Florida is $10,000 in property damage liability and $10,000 in personal injury protection (PIP), higher limits can be purchased and some motorists are required to carry more which will be explained. Property damage liability will pay for damage that the policyholder causes to another person’s property with their automobile up to the limit stated on the policy. This will cover items such as another vehicle, a fence, telephone pole or building. Personal injury protection will pay for injuries sustained by the insured, passengers and family members resulting from a traffic accident regardless of fault up to the auto insurance policy limit; this will also pay for injuries suffered as a pedestrian or bicyclist if struck by an automobile. State law may require that certain drivers carry limits that exceed the minimums stated above. Motorists who are convicted of certain traffic violations or have been in an accident while uninsured may need to carry $10,000 in bodily injury liability per person and $20,000 per accident in addition to the $10,000 limit of property damage liability. According to the Florida Consumer Guide to Automobile Insurance those who have been convicted or plead no contest to driving under the influence have to can much more coverage; these individuals must carry liability with limits of $100,000 for bodily injury to one person, $300,000 for bodily injury per accident and $50,000 for property damage. Having to carry more coverage means higher rates in addition to surcharges that are applied by insurers for the violation; it may simply be easier to stay insured and refrain from driving under the influence to avoid these additional expenses.

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Be Informed About Florida Auto Insurance

Compare before Buying Auto Insurance

admin — Sat, 27 Mar 2010 01:00:00 +0000

Completing comparisons of car insurance can become a complicated issue if the consumer does not know what comparing coverage entails, but this is the most important part of buying automobile coverage. Most consumers compare companies based on the rates that they will charge for policies, but do not take the time to understand how the rate is developed and why they are being charged the price that they are going to pay for a policy. When looking to purchase a policy it may be a good idea to become aware of the many factors used to calculate premiums and why carriers charge the prices that they do. The average consumer is aware that they will pay a different amount with one company than they will with another and that there cannot be one insurer that can suit the needs of all motorists; hence the importance of comparison shopping to find the best deal and carrier, but it can also be helpful to understand why rates vary for a number of reasons. Whether choosing to buy auto insurance online or in person, if an individual were to become knowledgeable about what will affect their premiums they can not only have a better ability to locate a company that will suit them, but also know how they can avoid future rate increases. Things to Consider When Purchasing Car Insurance Many factors are considered by insurers when they calculate the rates of a potential customer and the more familiar a consumer becomes with these factors the better the chances are that they will find the carrier that is the best fit for them particularly. Numerous consumers will only call a handful of companies that they have seen on the television and go no further than that when buying policies; this can end up not only wasting money, but getting a policy from an insurer that one may not be satisfied with. When looking to purchase coverage motorists should understand that there are hundreds of companies out there competing for business and some charge substantially higher rates to certain drivers than others, but on the other hand these same companies can be the cheapest for others. So be sure to compare rates before handing over the cash. In addition to price, it is also a good idea to look into the carriers before buying auto insurance; you are paying for a product and an important one for that matter so it should be worth the premium being paid and come from a reliable source. As the old saying goes, “if it is too good to be true, then it probably is”. So if an extremely cheap rate is offered by a carrier that you are unfamiliar with be sure to check and make sure that they company is legit. This can easily be done by checking with the state to see if they are licensed and in good standing. States such as the Indiana Department of Insurance provide residents with the ability to check on a company’s licensing and most states will also provide complaint statistics to help consumers check on a carrier’s track record of servicing customers. When buying something as important coverage for an automobile it can be worthwhile to avoid jumping on the cheapest price before doing a little research. Make sure you are getting what you are paying for before exchanging hard earned money for a car insurance policy.

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Compare before Buying Auto Insurance

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Be Informed About Florida Auto Insurance

Compare before Buying Auto Insurance