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What are the car insurance requirements in Cape Canaveral, Florida?
First of all you must know that an insurance policy from another State will not be accepted in Florida, it has to be issued by an insurance company licensed to work in Florida.
Florida is a No-Fault State for car insurance. If you are moving to Cape Canaveral from another State, you may be unfamiliar with No Fault insurance. In order to find the right insurance policy for you and your family, you must understand the law.
The minimum car insurance requirements in Florida are:
- $10,000 of Personal Injury Protection (PIP)
- Property Damage Liability (PDL) – $10,000
Personal Injury Protection (PIP) in Cape Canaveral,Florida
Regardless of who is at fault in an accident, you are covered by PIP insurance. PIP covers you for costs such as medical expenses, lost wages and other damages . PIP also pays a $5,000 death benefit.
Property Damage Liability (PDL) in Cape Canaveral,Florida
This part of your car insurance policy pays for damage you or a family member cause to others while driving. Property may include fences, buildings, other road vehicles or roadside items such as road signs.
Factors that can affect Car insurance requirements in Cape Canaveral, Florida
Only higher risk drivers are required to carry Bodily Injury Liability (BIL) as well. More precisely, those that have caused accidents, need SR22 insurance or have too many traffic violations against them..
Driving whilst uninsured in Cape Canaveral, FL, is a criminal offence. You will face charges when you get caught. For the next 3 years you will have to file an SR22 Form to demonstrate you are a responsible driver. The DMV can suspend your driving privileges for up to 3 years!
Another serious driving offence is DUI. If found guilty of driving under the influence, you will need an FR44 Form. SR22 and FR44 will, of course, impact what you will have to pay for your auto insurance.
Florida No Fault insurance explained
No-Fault insurance simply means that each driver is covered by his own insurance in the case of an accident but have restricted rights to legally seek recovery for losses caused by the accident. This means, even if you are at fault, you can not be sued for damages.
Many drivers in Cape Canaveral, Florida however, are misled into thinking that all cost will be covered by their policy.This is unfortunately simply not true. Your car insurance policy only covers (up to your insurance limits ) only the medical expenses. The damages to your car or property will be covered by the other drivers’ insurance if he was at fault.
The ability to sue other drivers for damages is closely regulated and under Florida No Fault Insurance law, all drivers must carry insurance for their own protection.
Should I consider any other type of cover for my Cape Canaveral car insurance policy?
Getting the bare legal minimum cover is not the best idea, according to experts. In a serious accident a minimum coverage policy will hardly cover your expenses. Higher limits and additional cover will guarantee that you are properly insured. Adding additional cover could include:
- Adding collision and comprehensive coverage.
- Uninsured/Underinsured Motorist insurance coverage.
- Increasing your deductible to help offset some of the additional costs.
Affordable auto insurance in Cape Canaveral, FL
Many people don’t realize how easy it is to find affordable auto insurance in Cape Canaveral, FL. The only thing you really need to do is to compare several quotes. And never ever simply accept a renewal quote from your current insurer stright away. The good news for you is that insurers in Cape Canaveral, FL are fighting for each new customer!
Always check what discounts are available to you as a new customer and what the insurance company can do to win your business.
Under many circumstances, even young drivers car insurance in Cape Canaveral may be cheaper than you think Are you aware that good grades can actually mean cheaper car insurance? As a parent that’s what you may call this a win win situation – your insurer will financially reward your son or daughter for good grades!
If you are a senior driver, you can also find affordable auto insurance in Cape Canaveral. That’s because insurance companies know that seniors don’t drive fast cars recklessly and do less miles per year.
What are you waiting for, compare Cape Canaveral car insurance quotes NOW and you could save up to 35%!
Tags: Cape Canaveral Car Insurance Quotes, Cape Canaveral FL Car Insurance, Cape Canaveral Insurance Requirements
