How do you know if you have too much or too little Florida auto insurance? As a resident of Florida, everyone must meet the BIL and PIP insurance minimums. Moreover, Florida is a no-fault insurance state. If you aren’t insured, you are breaking the law. However, Florida also requires BIL coverage if authorities have charged you with a DUI. So, let’s take a closer look at how PIP and BIL insurance will affect your auto insurance quotes in Florida at https://floridainsurancequotes.net/florida-auto-insurance/.
What is PIP Insurance in Florida?
In Florida, PIP insurance is what other states commonly refer to as no-fault insurance. The current minimum Personal Injury Protection (PIP) coverage will address claims of up to $10,000 less any deductible you may have. A standard policy includes up to 80% of reasonable medical expenses, 60% of any wages lost due to an accident, and $5,000 in death benefits. The other classification of mandatory auto insurance found in Florida is Property Damage Liability. PDL insurance covers property that you damage due to an auto accident. Property Damage Liability insurance will cover up to the terms and conditions you have selected, often far exceeding what PIP will cover.
What is BIL Insurance in Florida?
If you are convicted of a DUI, you must purchase $100,000 worth of coverage per person and $300,000 per incident for Bodily Injury Liability (BIL). While Florida has attempted to clarify the auto liability insurance process, understanding it can be challenging. Therefore, one of the big questions that arises is: Are there ways to save money when purchasing Florida auto insurance?
How do Drivers Save Money on Florida’s Specialty Insurance?
Saving money on PIP is a question that we have yet to answer because it is complex. There are too many variations in coverage to consider. It is easier to tell you that your savings from online quote generation websites like Florida Insurance Quotes are directly linked to your needs. However, some areas of consideration can save you a few dollars in premiums here and there.
- Deductible Amount
- Type of Vehicles Covered
- Number of Miles Driven Annually
- Driving Locations
- Storage Locations
- Special Discounts
The single most effective way to cut costs is to increase your deductible, according to Florida Insurance Quotes. A deductible is an amount you pay toward a claim before your insurance pays anything. While having a $100 deductible sounds like the way to go, ask your agent how much lower your premium would be if you had a $500 deductible. A lower deductible may sound like the way to go, but that will only save you money in the event of a claim. Instead, using a higher one will save you money every month. Florida Insurance Quotes recommends using the largest deductible possible.
Next, consider the type of vehicle you have, how often you drive, and where you go. Each of these aspects will affect your premium. In addition, keeping your driving record as clean as possible is critical. A clean driving record will lower your monthly premiums, and the best companies will only offer you coverage if your record is good. Finally, always ask about special discounts, such as bundling, safe driving, or driver education classes.
Online Quotes from Florida Insurance Quotes is the Key to Maximizing Savings
There is only one other alternative to save money. Shop for Florida PIP insurance at Florida Insurance Quotes. Statistically, most people buy from a friend, a friend of a friend, or a name brand. Again, this is not necessarily a wrong choice, but it doesn’t cost you anything to shop online. When you do, you put yourself in the position to save the most money because Florida Insurance Quotes will compare rates from every auto insurance company in Florida. First, please confirm your requirements and then contact them for a quote.
Ref: https://floridainsurancequotes.net/auto-insurance/pip-insurance-florida/