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Car insurance requirements in University Park, 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 University Park from another State, you may be unfamiliar with No Fault insurance. In order to find the right insurance policy for you, you have to understand the law.
Florida State law requires you to carry a minimum auto insurance coverage of:
- $10,000 of Personal Injury Protection (PIP)
- Property Damage Liability (PDL) – $10,000
Personal Injury Protection (PIP) in University Park,Florida
This extension of your auto insurance covers you in the event of an accident regardless of who is at 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 University Park,Florida
If you or a member of your family damages another persons property with your vehicle PDL insurance will cover this damage. Property may include fences, buildings, other road vehicles or roadside items such as road signs.
Factors that can affect Car insurance requirements in University Park, Florida
Only higher risk drivers are required to carry Bodily Injury Liability (BIL) as well. 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.
It is illegal to drive without auto insurance in University Park, Florida. You will face charges when you get caught. 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 power to suspend your driving privileges for up to three years!
Driving under the influence is another very serious driving offence. If found guilty of driving under the influence, you will need an 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?
Basically, 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.
A lot of drivers in University Park, Florida however, are under the impression that their policy will cover all costs.It is important to know that is not the case. Your auto 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.
As a driver in University Park – What other cover should I consider?
Getting the bare legal minimum cover is not the best idea, according to experts. The reason is that such a low coverage policy will not fully cover you in the event of an accident. 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.
Affordable car insurance in University Park, Florida
Many people don’t realize how easy it is to find affordable car insurance in University Park, Florida. The only thing you really need to do is to compare several quotes. Make sure you don’t accept your renewal quote because that’s exactly what your company expects you to do. Auto insurance companies in University Park, Florida are fighting for new business and that is a good news for you!
In most cases, auto insurance companies offer special rates to each new customers.
Under many circumstances, even young drivers car insurance in University Park may be cheaper than you think How about getting cheaper quotes because of consitently good grades? 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!
Seniors drivers can also get discounts and enjoy affordable car insurance in University Park 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 University Park car insurance quotes NOW and you could save up to $600!
Tags: University Park Auto Insurance Quotes, University Park Florida Auto Insurance, University Park Insurance Requirements
