If you are shopping around for auto insurance quotes in Hollywood, Florida then you’ve found the right place! When comparing quotes online, you can save up to $600 on your annual insurance premiums!
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What are the auto insurance requirements in Hollywood, FL?
It’s important to note that your insurance policy has to be issued by a company licensed to do business in Florida and can not be from another State.
Florida is a No-Fault State for auto insurance. If you are moving to Hollywood from another State, you may be unfamiliar with 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 in the future, if you need to make a claim.
Here are the minimum legal auto insurance requirements:
- $10,000 of Personal Injury Protection (PIP)
- $10,000 of Property Damage Liability
Personal Injury Protection (PIP) in Hollywood,Florida
In the event of an accident, your Personal Injury Protection policy would payout without regard to fault. Personal Injury Protection covers some of the costs of medical expenses and lost wages caused by an accident. In the unfortunate event of death, Personal Injury Protection insurance will payout a $5,000 lump sum..
Property Damage Liability (PDL) in Hollywood,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 Hollywood, FL
In Florida Bodily Injury Liability (BIL) is not required for everyone, just drivers in the higher risk insurance groups. More precisely, those that have caused accidents, need SR22 insurance or have too many traffic violations against them..
It is illegal to drive uninsured in Hollywood, FL. 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 Department of Motor Vehicles has the right to suspend your license for up to 3 years!
Another serious driving offence is DUI. If found guilty of DUI, you will need an FR44 Form. Traffic violations, a poor driving record and SR22/FR44 convictions will inevitably mean higher car insurance premiums.
What is Florida No Fault Insurance?
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.
A lot of people in Hollywood, Florida however, are under the impression that their policy will cover all costs.It is important to know that is not the case. Your auto insurance policy only covers (up to your insurance limits ) only the medical expenses. If your car or property is damaged, the at fault driver’s insurance should cover the expenses.
Florida No fault auto insurance law is intended to reduce lawsuits between drivers. You can only sue the ‘at fault’ party if you are seriously injured or disfigured.
Should I consider any other type of cover for my Hollywood auto insurance policy?
Insurance specialists point out that going for the legal minimum coverage required is not a wise idea. It will be hardly enough to cover you in a case of a more serious accident. Adding additional cover and choosing higher limits will probably save you money in the long run. 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 Hollywood, FL
Many people don’t realize how easy it is to find cheap auto insurance in Hollywood, 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 Hollywood, FL are fighting for each new customer!
They offer discounts and special rates which are only available to new customers.
Even if you need young drivers car insurance in Hollywood you are still likely to get a discount under many circumstances How about getting cheaper quotes because of consitently good grades? 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!
Seniors drivers can also get discounts and enjoy cheap auto insurance in Hollywood too. 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 Hollywood car insurance quotes NOW and you could save up to 35%!
Tags: Hollywood Car Insurance Quotes, Hollywood Florida Car Insurance, Hollywood Insurance Requirements
