If you are looking for car insurance quotes in Miami, Florida then you have come to the right place! When comparing quotes online, you can save up to $600 on your annual insurance premiums!
Get FREE Miami, Florida car insurance quotes online now and see for yourself!
Auto insurance requirements in Miami, FL
It’s important to note that your insurance policy has to 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 move to Miami are unaware of No Fault insurance. If you want to find the right insurance policy for you and your family, you need to understand the law.
Here are the minimum legal car insurance requirements:
- $10,000 of Personal Injury Protection
- $10,000 of Property Damage Liability (PDL)
Personal Injury Protection (PIP) in Miami,Florida
In the event of an accident, your PIP policy would payout without regard to 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 Miami,Florida
If you or a member of your family damages another persons property with your vehicle PDL insurance will cover this damage. Other peoples property could include fences, bulidings and other road vehicles.
Factors that can affect Auto insurance requirements in Miami, FL
Only higher risk drivers are required to carry Bodily Injury Liability (BIL) as well. 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 uninsured in Miami, Florida. Sooner or later you will be caught and may face criminal charges. For the next 3 years you will have to file an SR22 Form to demonstrate you are a responsible driver. The Department of Motor Vehicles has the right to suspend your license for up to 3 years!
Another serious driving offence is DUI. A DUI conviction will result in you having to file a 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 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 Miami, Florida however, are misled into thinking that all cost will be covered by their policy.This is unfortunately simply not true. Your car insurance policy only covers (up to your insurance limits ) only the medical expenses. The damages to your car or property will be covered by the other drivers’ insurance if he was at fault.
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 Miami car insurance
Insurance professionals point out that going for the bare minimum coverage required is not a wise idea. 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 Miami, Florida
Believe it or not, it isn’t that difficult to find affordable car insurance in Miami, Florida. All you need to do is shop around and compare quotes from several insurers. Accepting your insurance quote is exactly what your insurance company wants you to do, so don’t do it. You are in control because the insurance companies in Miami, Florida are doing all they can to attract new customers!
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 Miami 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 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 car insurance in Miami. 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 Miami car insurance quotes NOW and you could save up to $600!
Tags: Miami Auto Insurance Quotes, Miami Florida Auto Insurance, Miami Insurance Requirements
