While minimum coverage often results in lower premiums, most insurance agents recommend that you purchase higher limits for greater financial protection. The company offers several additional auto insurance coverages, including rental car reimbursement, deficit coverage, rideshare coverage, roadside assistance and custom parts coverage. The cost of car insurance in Florida is usually more expensive for drivers who have had accidents or who have received tickets for DUI or traffic violations. If you are insuring your child's car while they are at school, you may want to warn them not to lend it to their friends.
State Farm and Geico offer the cheapest full coverage auto insurance to drivers who have been in an accident.
Florida insurancecompanies must also offer you coverage for uninsured motorists, but you can refuse this coverage in writing. As in most states, Florida drivers must have at least a minimum amount of coverage to legally drive. Collision covers car accidents and collisions with objects such as trees or telephone poles, while comprehensive insurance covers non-traffic damage caused by fire, theft and natural disasters, such as floods and hurricanes.
Florida is a no-fault state, meaning Florida drivers must file claims with their own insurance provider for injuries after an accident, regardless of who is at fault. But if you're eligible for company coverage, it's a great car insurance option in Florida. GEICO is the cheapest insurance company for teen drivers in Florida for auto insurance with minimum and total coverage. If your insurance company notifies the department that you canceled your policy and did not activate a new one, the department will send you a notification requesting new insurance information.
To help you find credible and accurate information about car insurance in Florida, MoneyGeek received expert advice from trusted professionals. While you can do so without buying bodily injury coverage, you could post a security bond, for example, if your net worth is high enough to qualify, insurance is generally the easiest way to comply with this “financial responsibility law.” It may also be helpful to work with a licensed insurance agent to adapt a policy to your coverage and budget needs.