If you are on the lookout for insurance in the Sunshine state, then you owe it to yourself to find the best deal possible. That means comparing free insurance rates against multiple companies.
As you know, auto insurance covers you against the losses you may suffer in an accident. More importantly than that, it is a contract between the provider and yourself. This is a key factor to keep in mind before you sign on the dotted line. If you ever were "at fault" with one company, you could be stuck with them for a long time, so choose wisely.
Most Florida no fault insurance agency plans will have you agree to a contract which has you pay a monthly premium. The higher your deductible is, the lower your premium will be. Common coverage includes property, which pays for damages or theft, liability, which covers your legal responsibilities, and medical, which of course will cover treatment.
What you may not know, is that a policy is typically made up of a few distinct parts, combined into one package plan. Each state has their own laws and regulations but it would never hurt to look into all of the options available to you. Also, most policies are a year in length and require renewal at that time.
As previously mentioned, the bare minimum you will need is $10,000 of bodily injury liability. What this does, is cover the injuries you cause someone else during an accident. When you think about it, it isn't a bad deal. Wouldn't you rather have your insurance provider pay the bill, instead of forking out the cash yourself? Medical costs surely aren't cheap these days.
The next two most common options are PIP and PDL. These stand for personal injury protection and property damage liability. PIP pays for injury treatments to yourself and to passengers who were in the car during the time of an accident. Property damage liability will pay for the damages you cause to someone else's property.
Now although those three options are the most popular, you should really consider some other "lesser" taken routes as well. Collision protection is a great asset to have. Not only does it pay for damages to your car (even if it flips over), but it also covers damage caused by potholes in the road. To what extent you can claim damage caused by potholes will be up to the company, but it's worth checking out at least. Collision coverage will also reimburse you for any repairs you have to make, minus the deductible. All in all it's not a bad arrangement.
The last two on the list are comprehensive and uninsured/underinsured. As you may imagine, comprehensive will cover scenarios that include theft, fire, flood, vandalism, animals, and things of that nature. This may be more important to you if you drive a fancy car. Underinsured coverage would be a lot more reasonable to most people. This will cover you in the case of a hit and run scenario, so you aren't left with the bill.