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Auto insurance requirements in Key Largo, Florida
It’s important to note that your policy has to be issued by a company licensed to do business in Florida and can not be from another State.
Florida is one of the States that applies the No Fault insurance law. If you are moving to Key Largo from another State, you may be unfamiliar with No Fault insurance. Understanding and knowing Florida No Fault insurance law will enable you to select the right coverage for you and will also help you in the future, if you have to make a claim.
Florida State law requires you to carry a minimum car insurance coverage of:
- $10,000 of Personal Injury Protection
- $10,000 of Property Damage Liability
Personal Injury Protection (PIP) in Key Largo,Florida
This extension of your car insurance covers you in an accident regardless of who is at fault. 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 Key Largo,Florida
This covers damages to other people’s property caused by you or a member of your family. Other peoples property could include fences, bulidings and other road vehicles.
Factors that can affect Auto insurance requirements in Key Largo, Florida
Bodily Injury Liability (BIL) is not required for all drivers, only for higher risk ones. Drivers who are required to carry SR22 insurance, have a poor driving record or have been at fault in an accident will fall in the high risk insurance category.
It is illegal to drive without car insurance in Key Largo, Florida. Sooner or later you will be caught and may face criminal charges. For the next 3 years you will have to file an SR22 Form to demonstrate you are a responsible driver. The Department of Motor Vehicles has the right to suspend your license for up to 3 years!
As you probably know, DUI is considered a serious driving offence. If found guilty of driving under the influence, you will need an FR44 Form. Your insurance rates will increase if you are required to file an SR22 or FR44 form.
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. In this way a driver cannot be sued for damages even if they were at fault.
Many people in Key Largo, Florida however, are under the impression that their policy will cover all costs.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.
As a driver in Key Largo – What other cover should I consider?
Insurance experts 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. Adding additional cover and choosing higher limits will probably save you money in the long run. This could include:
- Adding collision and comprehensive coverage.
- Uninsured/Underinsured Motorist insurance coverage.
- Increasing your deductible to help offset some of the additional costs.
Low cost car insurance in Key Largo, Florida
Believe it or not, it isn’t that difficult to find affordable car insurance in Key Largo, Florida. It really is as simple as shopping around and comparing quotes from reputable insurers. Accepting your insurance quote is exactly what your insurance company wants you to do, so don’t do it. You are in control because the insurance companies in Key Largo, Florida are doing all they can to attract new customers!
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 Key Largo 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 child for good grades!
If you are a senior driver, you can also find affordable car insurance in Key Largo. Senior drivers don’t usually driver fast, flash cars and don’t have a high mileage per year.
What are you waiting for, compare Key Largo car insurance quotes NOW and you could save up to $600!
Tags: Key Largo Car Insurance Quotes, Key Largo FL Car Insurance, Key Largo Insurance Requirements
