Florida Drivers May Want To Look Into Higher Auto Insurance Limits OfficialWire (press release)
The cost of car insurance in the Sunshine State can become a bit expensive, therefore many Floridians settle for the minimum required coverage in order to register and operate vehicles; this is usually done in an attempt to save money on premiums and manage a personal budget. Unfortunately, the state’s limits are relatively low compared to the cost of medical care and the amount that may be needed to repair or replace property; residents may want to compare higher limits to help avoid future financial burdens.
According to the Florida Department of Highway Safety and Motor Vehicles motorists are only required to carry $10,000 in Personal Injury Protection (PIP) and $10,000 for Property Damage Liability (PDL).
Source: www.flhsmv.gov/ddl/frfaqgen.html
Although $10,000 may seem to be a sufficient amount of money to cover injuries or property damage, in many cases this amount can easily be exceeded following a traffic accident. As most are aware, a hospital stay can lead to quite a large bill and if an individual is injured in a collision and does not have a health care policy, they can be facing a hefty financial burden. It may be in a motorist’s best interest to compare Florida auto insurance rates based on a higher level of protection; many may find that additional coverage can be purchased for a little extra premium.
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