Are you looking for affordable auto insurance in Miami, Florida? You are not alone! Thousands of people living in Miami are faced with increasing insurance premiums every year. That is way our mission is to help people, just like you, find the coverage they need at the cheapest possible rate.
Did you know that most people in America overpay on auto insurance? The main reason is not comparing quotes. Simply renewing your existing policy or choosing the first quote you get may seem convenient, but more often than not it will cost you money. Nowadays, you don’t have to even go to insurance agent’s office or phone different companies and repeat the same information over and over again. All you need to do is fill a simple online form and you will make insurance companies fight for your business. It will save you not only time, but also up to $450!
Do I really need auto insurance in Miami, Florida
Car insurance is required by Florida Law. If you own a car, one having at least four wheels, and you intend to register it, you must obtain Florida insurance. You must get minimum prescribed insurance as long as you possess a valid license plate from the State. You must get insurance, if you plan to drive legally in the state. Florida car insurance minimum coverage required by law is one of the lowest.
Minimum Coverage Limits of Florida Insurance
First, Florida No Fault Insurance requires a minimum amount of $10,000 in terms of Personal Injury Protection. Unlike in other US states, this covers you in whatever accident, whether or not you are at fault. Hospital expenses, any loss in wages and other expenses, are fully taken care of by such coverage. Likewise, there is a death benefit of $5000, whenever the need arise.
There is the Property Damage Liability Coverage, the minimum amount of which is $10,000. This coverage covers the damages you might have done to the properties of others. Included in the items recognized to be properties are fences, telephone poles, among many other things.
If you think the coverage are enough, remember that these are minimal, which means that they might be insufficient to handle all liabilities that arise from any accident. Minimal coverage pays the damages done on the property of the other party, but not yours. This is why you have to cover yourself fully to prevent your losing a significant part of your savings, wages, and even properties to any significant liability that you are not insured against. You should talk to your insurance company to ask about complete coverage.
Note: Male drivers are responsible for over 80% of the traffic accidents in Miami. At the same time, the number of male drivers is about as much as female drivers.
Florida No Fault Insurance – What it covers?
The State of Florida has established an entirely different, no-fault insurance, known to be a system that is uniquely its own. It differs from other no-fault insurance versions of other US States. Florida no-fault insurance implies that nobody can be faulted in a vehicular accident. Instead of working out whose fault the accident was, Florida insurance companies simply pay for all damages. Insurance carriers will pay for losses, with the intention of doing away with the trouble of sorting out facts in any accident.
A big advantage of Florida no-fault insurance is that litigation becomes almost nonexistent. It can happen in extreme circumstances. However, ordinarily most lawsuits are eliminated. Florida lawmakers established no-fault insurance in such a way that lawsuits between drivers are avoided.
No-fault likewise covers your medical assistance. The system works to provide fast medical care for you, instead of arguing with the insurance provider of the other party. After a car wreck, you are assured that you are given medical attention that you need – no questions asked. Regardless of whom, should be at fault for the accident, you are assured that your insurer will cover your medical requirements.
What are the existing Florida insurance coverage that helps in protecting you and your family?
- Bodily Injury and Property Damage
- Personal Injury Protection
- Uninsured Motorists
Bodily Injury and Property Damage – this insurance pays for damages from sickness, bodily injury or death. It likewise pays for damages or destruction of any property that you are obligated to pay. Your insurance policy protects you from any claim for any accidents that arise from the use, maintenance, ownership of your insured vehicle.
Comprehensive – this coverage pays for any loss to your vehicle, which does not originate from any vehicular collision. Instead, this covers damages from vandalism, glass breaks, fire and break-ins.
Personal Injury Protection – this pays for your medical expenses, loss of services or income and other expenses, that may arise from bodily injuries, disease or even death, provided that such occurrences is the result of any accident that arise from maintenance, ownership or usage of a car described in the definition found in your insurance policy.
Uninsured Motorists Protection – is the coverage that pays for any bodily injury, disease, or even death, which you are legally entitled to obtain from the owner of an uninsured vehicle. It pays for what that the other party cannot pay you because of insufficient coverage.
Collision Coverage – this pays for loss to your vehicle or non-owned car resulting from a collision with another car or property. This coverage extends to rented vehicles, minus your deductibles.
Miami auto insurance rates
Auto insurance rates in Miami, Florida are higher than the national average. The average policy costs over $2,300 with the nation’s coverage being just under $1,500.
Of course, auto insurance rates depend on many factors like the type of your vehicle, age, occupation, annual mileage, credit score and driving record. Many companies are also willing to offer discounts to new customers, good students and people who purchase more than one policy. Often it is a good idea just to ask what discounts are available to you and you may be pleasantly surprised.
Still, comparing quotes remains the number one way to save big bucks on auto insurance. Insurance specialist recommend getting quotes from at least 3 insurance companies. Go on, compare quotes today and find the right insurance policy for you.