If you are searching for auto insurance quotes in Coral Gables, Florida then you’ve come to the right place! You may save up to 35% by shopping around and comparing auto insurance quotes online!
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What are the auto insurance requirements in Coral Gables, FL?
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.
The No Fault insurance law is used in only a few States and Florida is one of them. Many people who come to live in Coral Gables are unaware of No Fault insurance. Knowing and understanding Florida No-Fault insurance law will allow you to select the right coverage for you and will also help you if you need to make a claim in the future.
The minimum auto insurance requirements in Florida are:
- Personal Injury Protection (PIP) – $10,000
- Property Damage Liability (PDL) – $10,000
Personal Injury Protection (PIP) in Coral Gables,Florida
This extension of your auto insurance covers you in an accident regardless of who is at fault. Costs incurred through lost wages, medical expenses and other damages are all covered under your Personal Injury Protection policy. Personal Injury Protection also pays a $5,000 death benefit.
Property Damage Liability (PDL) in Coral Gables,Florida
This covers damages to other people’s property caused by you or a member of your family. Property may include fences, buildings, other road vehicles or roadside items such as road signs.
Factors that can affect Auto insurance requirements in Coral Gables, FL
In the State of Florida Bodily Injury Liability (BIL) is not required for everyone, only drivers in the higher risk insurance groups. Drivers who are required to carry SR22 insurance, have a bad driving record or have been at fault in an accident will fall in the high risk insurance category.
Driving without auto insurance in Coral Gables, FL, is a criminal offence. Sooner or later you will be caught and may face criminal charges. You are likely to be forced to carry SR22 insurance and pay any fines issued against you. The DMV has the right to suspend your license for up to three years!
As you probably know, DUI is considered a serious driving offence. You will require an FR44 Formif you are convicted of DUI. Your insurance rates will increase if you are required to file an SR22 or FR44 form.
Florida No Fault insurance explained
No-Fault simply means that each driver must have insurance which covers them 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.
Some men and women in Coral Gables, Florida however, are under the impression that their policy will cover all costs.This is unfortunately simply not true. Your insurance covers only the medical bills up to your pre-defined limit – the legal minimum in Flordia being $10,000. If your car or property is damaged, the at fault driver’s insurance should cover the expenses.
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.
As a driver in Coral Gables – What other cover should I consider?
Insurance professionals point out that going for the bare minimum coverage required is not a wise idea. In a serious accident a minimum coverage policy will hardly cover your expenses. To be properly insured always go with higher limits and also add additional cover to your policy. 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.
Cheap auto insurance in Coral Gables, FL
Many people don’t realize how easy it is to find cheap auto insurance in Coral Gables, FL. It really is as simple as shopping around and comparing quotes from reputable insurers. Make sure you don’t accept your renewal quote because that’s exactly what your company expects you to do. The good news for you is that insurers in Coral Gables, FL are fighting for each new customer!
In most cases, insurers offer special rates to each new customers.
Discounts are even available for young drivers in Coral Gables. Are you aware that good grades can actually mean cheaper car insurance? As a parent this is really a win-win situation, if you encourage you son or daughter to get better grades they’ll be getting a better start in life AND cheaper car insurance!
If you are a senior driver, you can also find cheap auto insurance in Coral Gables. That’s because insurance companies know that seniors don’t drive fast cars recklessly and do less miles per year.
What ever your auto insurance needs, compare Coral Gables car insurance quotes NOW and you could save up to $600!
Tags: Coral Gables Car Insurance Quotes, Coral Gables FL Car Insurance, Coral Gables Insurance Requirements
