Are you looking for car insurance quotes in Palm Bay? Did you know that simply comparing car insurance quotes online you could save you up to 35% on your annual insurance premiums?
Get FREE Palm Bay, Florida car insurance quotes online now and see for yourself!
Palm Bay, FL auto insurance requirements
It’s important to note that your 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 auto insurance. If you are moving to Palm Bay from another State, you may be unfamiliar with No Fault insurance. In order to find the right insurance for you, you have to understand the law.
The minimum auto insurance requirements in Florida are:
- $10,000 of Personal Injury Protection
- Property Damage Liability (PDL) – $10,000
Personal Injury Protection (PIP) in Palm Bay,Florida
In the event of an accident, your PIP policy would payout without regard to fault. Personal Injury Protection covers some of the costs of medical expenses and lost wages caused by an accident. In the unfortunate event of death, PIP insurance will payout a $5,000 lump sum..
Property Damage Liability (PDL) in Palm Bay,Florida
This component of your auto insurance policy pays for damage you or a family member cause to others while driving. Other peoples property could include fences, bulidings and other road vehicles.
Factors that can affect Car insurance requirements in Palm Bay, FL
In Florida Bodily Injury Liability (BIL) is not required for everyone, only 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 a criminal act to drive uninsured in Palm Bay, FL. When you get caught you may face serious legal charges. On top of any fines you may have to pay, you will be also required to have SR22 insurance. The DMV has the power 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. SR22 and FR44 will, inevitably, mean you will have to pay more for your car insurance premiums.
Tell me more about Florida No Fault
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. In this way a driver cannot be sued for damages even if they were at fault.
Many men and women in Palm Bay, 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.
Should I consider any other type of cover for my Palm Bay auto insurance policy?
Experts say that you should never go with the legal minimum cover. In a serious accident a minimum coverage policy will hardly cover your expenses. Adding additional cover and choosing higher limits will probably save you money in the long run. 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.
Cheap car insurance in Palm Bay, FL
Finding low cost car insurance in Palm Bay, FL, is easier than you think. All you need to do is shop around and compare quotes from several insurers. Make sure you don’t accept your renewal quote because that’s exactly what your company expects you to do. The good news for you is that insurers in Palm Bay, FL are fighting for each new customer!
Always check what discounts are available to you as a new customer and what the insurance company can do to win your business.
Discounts are even available for young drivers in Palm Bay. Are you aware that good grades can actually mean cheaper car insurance? 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!
If you are a senior driver, you can also find low cost car insurance in Palm Bay. The lower annual mileage and the fact senior drivers don’t driver expensive, fast cars are just some of the reasons.
What are you waiting for, compare Palm Bay car insurance quotes NOW and you could save up to $600!
Tags: Palm Bay Auto Insurance Quotes, Palm Bay Florida Auto Insurance, Palm Bay Insurance Requirements
