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What are the car insurance requirements in Leesburg, Florida?
It’s important to note that your insurance policy must 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 car insurance. Many people who come to live in Leesburg have no idea what No Fault insurance is. Understanding and knowing Florida No Fault insurance law will enable you to find 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:
- Personal Injury Protection – $10,000
- $10,000 of Property Damage Liability (PDL)
Personal Injury Protection (PIP) in Leesburg,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. In the unfortunate event of death, Personal Injury Protection insurance will payout a $5,000 lump sum..
Property Damage Liability (PDL) in Leesburg,Florida
This component of your car 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 Car insurance requirements in Leesburg, Florida
Bodily Injury Liability (BIL) is not required for all drivers, only for higher risk ones. Higher risk dirvers include those who have previously caused an accident, need SR22 insurance or have poor driving record.
Driving whilst uninsured in Leesburg, FL, is a criminal offence. 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 DMV has the right to suspend your license for up to 3 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, inevitably, impact what you will have to pay for your auto insurance.
Florida No Fault insurance explained
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 drivers in Leesburg, 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. The at fault driver’s insurance should cover you if your property and car have been damaged.
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 Leesburg car insurance
Experts say that you should never go with the bare minimum cover. In a serious accident a minimum coverage policy will hardly cover your expenses. 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.
Low cost auto insurance in Leesburg, FL
Believe it or not, it isn’t that difficult to find affordable auto insurance in Leesburg, FL. 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. The good news for you is that insurers in Leesburg, FL are fighting for each new customer!
They offer discounts and special rates which are only available to new customers.
Discounts are even available for young drivers in Leesburg. Did you know that some companies will offer special rates for consitently good grades at school? 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!
If you are a senior driver, you can also find affordable auto insurance in Leesburg. Senior drivers don’t usually driver fast, flash cars and don’t have a high mileage per year.
What are you waiting for, compare Leesburg car insurance quotes NOW and you could save up to $600!
Tags: Leesburg Car Insurance Quotes, Leesburg FL Car Insurance, Leesburg Insurance Requirements
