subject: Selecting The Right Auto Insurance In Florida [print this page] Selecting The Right Auto Insurance In Florida
Everyone in the state of Florida who owns a vehicle is required to carry Auto Insurance in Florida. Florida follows an at-fault law, meaning in the event of an accident, one party must be found responsible for the accident. The responsible party and his or her insurance company are then responsible for paying for the damages incurred during the accident. This is why it is important to have a good policy that covers medical expenses as well as property damage. It may also be necessary to get additional coverage such as a collision or comprehensive policy to cover damages that occur with other types of accidents.
In Florida, each vehicle owner is mandated to carry at least $10,000 in bodily injury liability coverage for one person or $20,000 for two or more people, $10,000 in property damage liability for each crash and $30,000 in combined single limits. Many people also choose to get coverage in case of an accident with an uninsured or underinsured motorist. It may also be necessary to look into coverage for other types of accidents such as damages from falling objects such as tree branches and other unexpected events.
One should also consider other needs in Auto Insurance in Florida such as whether the coverage is needed for private or commercial purposes. Commercial vehicles have different requirements in policy coverage and must figure in different factors. For instance, not only does the policy need to make concessions for the person or persons driving the vehicle, but it must also figure in what type of goods, if any, are transported. The weight of the vehicle, where the vehicle will travel and many other factors will affect the type and cost of the policy.
In either case of a private or commercial policy, there are ways to find a break or discount in rates. Safety tends to be a huge factor in determining policy rates. A sensible vehicle with safety measure such as airbags and anti-lock brakes pose less of a risk for insurance companies, so these vehicles tend to be less expensive to insure. Safe drivers with good driving records may also find themselves paying lower rates or even getting special benefits over time if they keep clean driving records.
These are only a few of the factors affecting the cost and availability of Auto Insurance in Florida. Each individual vehicle owner will have his or her own individual needs, so it is crucial to narrow down these needs before committing to a policy. One can also work with a broker or agent to find out which companies are most likely to offer the type of policy required to cover the vehicle owner's individual insurance policy needs.
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