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Lakeland, FL car insurance requirements
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.
Florida is a No-Fault State for car insurance. If you are moving to Lakeland from another State, you may be unfamiliar with No Fault insurance. Knowing and understanding Florida No-Fault insurance law will help you to choose the right coverage for you and will also help you if you have to make an insurance claim in the future.
Florida State law requires you to carry a minimum car insurance coverage of:
- Personal Injury Protection (PIP) – $10,000
- $10,000 of Property Damage Liability
Personal Injury Protection (PIP) in Lakeland,Florida
In the event of an accident, your Personal Injury Protection policy would payout without regard to 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 Lakeland,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 Car insurance requirements in Lakeland, FL
In the State of 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 against the law to drive uninsured in Lakeland, Florida. You will face charges when you get caught. On top of any fines you may have to pay, you will be also required to have SR22 insurance. The DMV could suspend your license for up to 3 years!
As you probably know, DUI is considered a serious driving offence. 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 Lakeland, Florida however, are under the impression that their policy will cover all costs.It is important to know that is not the case. 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.
Other policies you might consider for your Lakeland car insurance
Insurance professionals point out that going for the legal minimum coverage required is not a wise idea. The reason is that such a low coverage policy will not fully cover you in the event of an accident. 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 Lakeland, Florida
Many people don’t realize how easy it is to find cheap auto insurance in Lakeland, Florida. It really is as simple as shopping around and comparing quotes from reputable insurers. And never ever simply accept a renewal quote from your current insurer stright away. Auto insurance companies in Lakeland, Florida are fighting for new business and that is a good news for you!
They offer discounts and special rates which are only available to new customers.
Discounts are even available for young drivers in Lakeland. 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 Lakeland. Senior drivers don’t usually driver fast, flash cars and don’t have a high mileage per year.
Stop wasting your hard earned dollars, compare Lakeland car insurance quotes NOW and you could save up to 35%!
Tags: Lakeland Auto Insurance Quotes, Lakeland FL Auto Insurance, Lakeland Insurance Requirements
