Florida state law states that $10,000 is required for PIP coverage in addition to property damage liability. PIP/PD is the basic coverage, and if a person is injured in an accident, he/she can benefits under the Bodily Injury Liability Coverage. Bodily Injury Liability coverage happens to be the lowest coverage that one can claim for, while the property insurance liabilities of maximum $10,000 as well as Personal injury protection of maximum $10,000 are the other benefits available under the Florida auto insurance coverage.
As per the Florida’ No Fault system, the concerned insurance company makes payments for injured person. Under the No Fault System, some of the rights of person may be lost. The necessary medical expenses for drivers along with passengers are taken care of, with the help of Personal Injury Protection (PIP). So, an auto-owner must compulsorily purchase the Florida auto insurance policy to satisfy legal requirements as well as for his/her own safety.
The national average auto insurance premium amount in US is about $1,793, whereas Florida auto insurance premium happens to be $1,709. If someone wants to save money then he/she must look around. Average rates of personal car insurance can be studied from various Florida car insurance service providers. By comparing these quotes, discounted prices can be found over a number of good websites online.
Best available rates can be obtained online, but before you purchase your next car insurance policy, you must keep the past trends in mind. Usually there are a lot of variations in the car insurance premiums. So, purchasing your next policy during such times, when there’s a good dip in the rates, is always beneficial.
As per the recent stats, the rates have fallen drastically in the last couple of years, and they’re expected to increase by the end of this year. Most of the experts predict that the car insurance rates are expected to increase drastically during 2010. Hence, this is the ideal time to grab your next Florida Auto Insurance policy.
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