Compare Higher Florida Vehicle Insurance Limits
At the present time the Sunshine State has some of the lowest automobile coverage requirements in the nation and this could be something a Floridian may want to look into to protect against future financial devastation. Currently, the state requires that motorist carry car insurance policies containing only $10,000 in Personal Injury Protection (PIP) and $10,000 in Property Damage Liability. Both of these limits are quite low and if a serious traffic accident were to occur, there would be a good chance that these minimums will not cover the cost of the collision.
Unfortunately, the cost of automobile coverage in the state is among the highest in the country on average and due to the current state of the economy, many may not want to spend extra money on the premium to better protect themselves. Nonetheless, obtaining quotes is free and completing a Florida auto insurance comparison based on more extensive protection may lead a consumer to finding a better policy at a price that is affordable. Of course, the more coverage that a person purchases than the higher the premium will be, but in some cases, if it is within one’s budget the extra dollars spent can go a far way. Comparing rates can be done quite quickly and it never hurts to look.
Why Compare Higher FL Insurance Limits
The majority of consumers are well aware of the high costs that can arise from a traffic accident and being unprepared can be devastating. First off, as mentioned, the states auto insurance requirements are considerably low and the average person knows that $10,000 in personal injury protection will not cover much when it comes to medical care. If an individual has a healthcare plan than they may not need to raise PIP limits, but for those who do not may want to compare the price of raising these limits to help avoid getting stuck with big medical bills following a collision and may want to purchase as much coverage that can be afforded.
The same concept applies to the property damage liability portion of a policy and although most would benefit raising these limits, it is up to the motorist to take a moment and evaluate their situation to see it would be beneficial and within their budget. Individuals who reside in on of the areas in the state that is loaded with high end luxury vehicles may definitely want to consider a bit more coverage. Causing an accident with an Italian sports car can cost quite a bit of money to repair or replace and once the minimum amount of $10,000 has been exceeded then the insured may be left having to pay the other party a hefty sum to compensate them for their loss. Residents may want to refer to the help get a better understanding of policies is Florida’s automobile insurance consumer guide which is provided by Alex Sink, the state Chief Financial Officer and gives detailed information on getting insured in Florida.