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Auto insurance requirements in Lake City, 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 a 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 move to Lake City do not understand Florida No Fault insurance. If you want to find the right insurance for you and your family, you have to understand the law.
Here are the minimum legal auto insurance requirements:
- $10,000 of Personal Injury Protection (PIP)
- Property Damage Liability (PDL) – $10,000
Personal Injury Protection (PIP) in Lake City,Florida
This element 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 PIP policy. PIP also pays a $5,000 death benefit.
Property Damage Liability (PDL) in Lake City,Florida
This part of your auto 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 Auto insurance requirements in Lake City, FL
High risk drivers may also be required to carry Bodily Injury Liability (BIL) insurance. Higher risk dirvers include those who have previously caused an accident, need SR22 insurance or have poor driving record.
Driving without auto insurance in Lake City, FL, is illegal. When you get caught you may face serious legal 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 power to suspend your license for up to three years!
Driving under the influence is another very serious driving offence. If found guilty of DUI, 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 drivers in Lake City, Florida however, are misled into thinking that all cost will be covered by their policy.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.
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.
Other policies you might consider for your Lake City auto insurance
Getting the bare legal minimum cover is not a great idea, according to experts. 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 Lake City, FL
Finding cheap auto insurance in Lake City, FL, is easier than you think. The only thing you really have to do is to compare several quotes. Accepting your insurance quote is exactly what your insurance company wants you to do, so don’t do it. Auto insurance companies in Lake City, FL are fighting for new business and that is a good news for you!
Always check what discounts are available to you as a new customer and what the insurance company can do to win your business.
Discounts are even available for young drivers in Lake City. 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 cheap auto insurance in Lake City. Senior drivers don’t usually driver fast, flash cars and don’t have a high mileage per year.
What ever your auto insurance needs, compare Lake City car insurance quotes NOW and you could save up to 35%!
Tags: Lake City Auto Insurance Quotes, Lake City FL Auto Insurance, Lake City Insurance Requirements
