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Car insurance requirements in Lakewood Park, Florida
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 one of the States that applies the No Fault insurance law. If you are moving to Lakewood Park from another State, you may be unfamiliar with No Fault insurance. In order to find the right insurance policy for you and your family, you have to understand the law.
Here are the minimum legal car insurance requirements:
- Personal Injury Protection – $10,000
- Property Damage Liability (PDL) – $10,000
Personal Injury Protection (PIP) in Lakewood Park,Florida
This part of your car insurance covers you in the event of an accident regardless of who is at fault. Personal Injury Protection covers some of the costs of medical expenses and lost wages caused by an accident. PIP also pays a $5,000 death benefit.
Property Damage Liability (PDL) in Lakewood Park,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 Lakewood Park, Florida
High risk drivers may also be required to carry Bodily Injury Liability (BIL) insurance. More precisely, those that have caused accidents, need SR22 insurance or have too many traffic violations against them..
Driving without car insurance in Lakewood Park, FL, is against the law. You will face charges when you get caught. For the next 3 years you will have to file an SR22 Form to demonstrate you are a responsible driver. The DMV could 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. SR22 and FR44 will, of course, mean you will have to pay more for your car insurance premiums.
Tell me more about Florida No Fault
No-Fault insurance simply means that each driver is covered by his own insurance 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.
A lot of men and women in Lakewood Park, Florida however, are misled into thinking that all cost will be covered by their policy.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 ten thousnad dollars. If your car or property is damaged, the at fault driver’s insurance should cover the expenses.
Florida No fault car 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 Lakewood Park car insurance
Getting the bare legal minimum cover is not the best 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.
Low cost car insurance in Lakewood Park, FL
Believe it or not, it isn’t that difficult to find affordable car insurance in Lakewood Park, FL. The only thing you really need 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 Lakewood Park, 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.
Even if you need young drivers car insurance in Lakewood Park you are still likely to get a discount under many circumstances Did you know that some insurers will offer discounts for consitently good grades at school? 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!
Seniors drivers can also get discounts and enjoy affordable car insurance in Lakewood Park too. That’s because insurance companies know that seniors don’t drive fast cars recklessly and do less miles per year.
Stop wasting your hard earned dollars, compare Lakewood Park car insurance quotes NOW and you could save up to $600!
Tags: Lakewood Park Car Insurance Quotes, Lakewood Park FL Car Insurance, Lakewood Park Insurance Requirements
