If you are searching for car insurance quotes in Lighthouse Point, Florida then you have found the right place! When comparing quotes online, you can save up to 35% on your annual insurance premiums!
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What are the car insurance requirements in Lighthouse Point, 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.
The No Fault insurance law is used in only a few States and Florida is one of them. If you are moving to Lighthouse Point 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 must 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 Lighthouse Point,Florida
Regardless of who is at fault in an accident, you are covered by Personal Injury Protection insurance. Personal Injury Protection covers some of the costs of medical expenses and lost wages caused by an accident. Personal Injury Protection also pays a $5,000 death benefit.
Property Damage Liability (PDL) in Lighthouse Point,Florida
If you or a member of your family damages another persons property with your vehicle Property Damage Liability insurance will cover this damage. Property may include fences, buildings, other road vehicles or roadside items such as road signs.
Factors that can affect Auto insurance requirements in Lighthouse Point, 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 history or have been at fault in an accident will fall in the high risk insurance category.
It is against the law to drive without car insurance in Lighthouse Point, Florida. You will face charges when you get caught. You are likely to be forced to carry SR22 insurance and pay any fines issued against you. The DMV could suspend your driving privileges for up to 3 years!
Driving under the influence is another very serious driving offence. You will require an FR44 Formif you are convicted of DUI. Traffic violations, a poor driving record and SR22/FR44 convictions will inevitably mean higher car insurance premiums.
Florida No Fault insurance explained
In a nutshell, No Fault insurance simply means that each driver is covered by his own insurance policy 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.
Many people in Lighthouse Point, 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 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.
As a driver in Lighthouse Point – What other cover should I consider?
Getting the bare legal minimum cover is not the best idea, according to experts. It will be hardly enough to cover you in a case of a more serious accident. 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.
Cheap car insurance in Lighthouse Point, Florida
Finding cheap car insurance in Lighthouse Point, Florida, is easier than you think. The only thing you really need to do is to compare several quotes. And never ever simply accept a renewal quote from your current insurer stright away. You are in control because the insurance companies in Lighthouse Point, Florida are doing all they can to attract new customers!
They offer discounts and special rates which are only available to new customers.
Discounts are even available for young drivers in Lighthouse Point. How about getting cheaper quotes because of consitently good grades? 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 car insurance in Lighthouse Point. The lower annual mileage and the fact senior drivers don’t driver expensive, fast cars are just some of the reasons.
Stop wasting your hard earned dollars, compare Lighthouse Point car insurance quotes NOW and you could save up to 35%!
Tags: Lighthouse Point Car Insurance Quotes, Lighthouse Point FL Car Insurance, Lighthouse Point Insurance Requirements
