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What are the auto insurance requirements in Pompano Beach, FL?
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 an insurance company licensed to work in Florida.
Florida is a No-Fault State for auto insurance. If you are moving to Pompano Beach from another State, you may be unfamiliar with No Fault insurance. Understanding and knowing Florida No Fault insurance law will help you to choose the right coverage for you and will also help you if you need to make a claim in the future.
Here are the minimum legal auto insurance requirements:
- Personal Injury Protection (PIP) – $10,000
- Property Damage Liability (PDL) – $10,000
Personal Injury Protection (PIP) in Pompano Beach,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. In the unfortunate event of death, PIP insurance will payout a $5,000 lump sum..
Property Damage Liability (PDL) in Pompano Beach,Florida
This covers damages to other people’s property caused by you or a member of your family. Property may include fences, buildings, other road vehicles or roadside items such as road signs.
Factors that can affect Car insurance requirements in Pompano Beach, FL
Only higher risk drivers are required to carry Bodily Injury Liability (BIL) as well. More precisely, those that have caused accidents, need SR22 insurance or have too many traffic violations against them..
Driving without auto insurance in Pompano Beach, Florida, is illegal. 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 driving privileges for up to 3 years!
Driving under the influence is another very serious driving offence. A DUI conviction will result in you having to file a FR44 Form. Your insurance rates will increase if you are required to file an SR22 or FR44 form.
Tell me more about Florida No Fault
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.
Many drivers in Pompano Beach, 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 ten thousnad dollars. The at fault driver’s insurance should cover you if your property and car have been damaged.
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 Pompano Beach auto insurance policy?
Experts say that you should never go with the bare minimum cover. The reason is that such a low coverage policy will not fully cover you in the event of an accident. Higher limits and additional cover will guarantee that you are properly insured. 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 auto insurance in Pompano Beach, Florida
Finding affordable auto insurance in Pompano Beach, Florida, is easier than you think. It really is as simple as shopping around and comparing quotes from reputable 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 Pompano Beach, Florida are doing all they can to attract new customers!
They offer discounts and special rates which are only available to new customers.
Under many circumstances, even young drivers car insurance in Pompano Beach may be cheaper than you think Did you know that some insurance companies 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!
Seniors drivers can also get discounts and enjoy affordable auto insurance in Pompano Beach too. Senior drivers don’t usually driver fast, flash cars and don’t have a high mileage per year.
Stop wasting your hard earned dollars, compare Pompano Beach car insurance quotes NOW and you could save up to 35%!
Tags: Pompano Beach Car Insurance Quotes, Pompano Beach FL Car Insurance, Pompano Beach Insurance Requirements
