Florida Auto Insurance Requirements

In Florida, drivers are required to have minimum auto insurance, a policy issued by a licensed insurance agent, that meets minimum coverage requirements set by the state. Failure to carry insurance is a serious violation and can result in the revocation of your license plate for three years. It is important to carry insurance for several reasons. First, it protects your investment in your car, and second, it hedges against liability in case of an accident.  auto insurance quotes in new jersey

Florida requires drivers to have FR44s, or “surance records.” The FR44 is a certificate that verifies that a driver is covered by insurance. The auto insurance company is responsible for filing this certificate with the Florida DHSMV. High-risk drivers can also opt for non-standard auto insurance. This type of policy is designed for people with a history of accidents, DUI/DWI convictions, and traffic violations.

Florida also requires drivers to have property damage liability insurance, which is worth up to $10,000. This type of coverage covers any damages you cause to another driver’s car. However, the state does not require you to carry bodily injury liability insurance. Nevertheless, you should carry personal injury protection, also known as no-fault insurance, in case you cause a crash. This type of insurance pays up to 80% of your medical bills, and can also cover your lost income.

When applying for auto insurance, it is important to ensure that you fill out the application accurately. Incorrect information can result in cancellation of your policy or even a refusal to pay your claim. Obtain a binder from your insurance agent before submitting your application. It serves as temporary proof of insurance and should show the name and contact information of your agent. The binder should also include the types of coverage you are purchasing. Ensure that the binder is signed by your insurance agent. Be sure to provide the required amount of money to cover the costs of the insurance. If you are paying by check or money order, make sure to make it payable to your insurance company.