Many insurance professionals recommend that you buy higher limits if you can afford it, as minimum coverage limits are likely to leave you with more out-of-pocket costs. This information could help you make a more informative decision when choosing a car insurance company. Drivers convicted of certain crimes may be required to have their insurance company file an SR-22 in the state of Florida. Auto insurance companies offer policies for non-owners because the industry is aware that there are some cases where a person may need auto insurance but does not have a vehicle to include in the policy.
Personal injury protection will cover your medical bills and expenses if you are injured in a car accident, up to the limits of your policy, regardless of whose fault it was. In Florida, license plates belong to the state, so you must return them when you cancel your insurance. Among those surveyed, State Farm had the cheapest car insurance in Florida for drivers with a recent accident. While minimum coverage often results in lower premiums, most insurance agents recommend that you purchase higher limits for greater financial protection.
Life events can present an opportunity to purchase car insurance with different companies to make sure that your company and the types of coverage still fit your needs. According to the Insurance Information Institute (Triple-I), your zip code influences the premium you'll pay for auto insurance because of the higher frequency of accidents and higher crime rates in larger cities. Drivers in their 40s tend to have better insurance rates than their younger counterparts on average, but they still pay more than older age groups. Full coverage auto insurance means you add comprehensive coverage and collision coverage, which provide financial protection for damage to your vehicle.
However, for Florida drivers aged 40 (which is the age used in Bankrate's base driver profile), women pay slightly more than men for full coverage. Comprehensive coverage pays for the repair of your car if it is damaged by a natural disaster, animal attack, flood, fire, vandalism, or theft. However, this type of insurance does not cover lost wages if you are out of work due to your injuries. We collected data on dozens of auto insurance providers to rate companies based on a wide range of ranking factors.