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Car insurance requirements in Punta Gorda, Florida
The first requirement is that you policy is issued in Florida. If your insurance policy is from another state, it will not be valid.
The No Fault insurance law is used in only a few States and Florida is one of them. If you are moving to Punta Gorda from another State, you may be unfamiliar with No Fault insurance. Knowing and understanding Florida No-Fault insurance law will help you to find the right coverage for you and will also help you if you have to make a claim in the future.
Florida State law requires you to have a minimum car insurance coverage of:
- Personal Injury Protection – $10,000
- Property Damage Liability – $10,000
Personal Injury Protection (PIP) in Punta Gorda,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. Personal Injury Protection also pays a $5,000 death benefit.
Property Damage Liability (PDL) in Punta Gorda,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 Car insurance requirements in Punta Gorda, Florida
High risk drivers may also be required to have Bodily Injury Liability (BIL) insurance. Drivers who are required to carry SR22 insurance, have a bad driving record or have been at fault in an accident will fall in the high risk insurance category.
Driving whilst uninsured in Punta Gorda, Florida, is illegal. When you get caught you may face serious legal charges. You are likely to be forced to carry SR22 insurance and pay any fines issued against you. The DMV can suspend your license for up to three years!
Another serious driving offence is DUI. If found guilty of driving under the influence, you will need an FR44 Form. SR22 and FR44 will, inevitably, mean you will have to pay more for your auto insurance premiums.
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. In this way a driver cannot be sued for damages even if they were at fault.
A lot of drivers in Punta Gorda, 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 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 Punta Gorda car insurance
Insurance experts point out that going for the legal minimum coverage required is not a wise idea. 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.
Cheap auto insurance in Punta Gorda, Florida
Many people don’t realize how easy it is to find cheap auto insurance in Punta Gorda, Florida. 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 Punta Gorda, Florida 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 Punta Gorda. Are you aware that good grades can actually mean cheaper car insurance? As a parent that’s what you may call this a win win situation – your insurer will financially reward your child for good grades!
Seniors drivers can also get discounts and enjoy cheap auto insurance in Punta Gorda, Florida too. 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 Punta Gorda car insurance quotes NOW and you could save up to 35%!
Tags: Punta Gorda Auto Insurance Quotes, Punta Gorda Florida Auto Insurance, Punta Gorda Insurance Requirements
