Your car insurance probably costs a lot, am I right? It is one of your biggest costs when driving a car looking at it long term. So how can you get a cheaper and more favorable insurance policy? We’ll show you how policies can be cheaper through these tips and tricks.
Florida is different to many other US states when purchasing car insurance. It does not have a fault insurance law. What does that mean?
Fault insurance means that, in the event of a car crash, the victim is quickly compensated by their insurance company by means of taking the money from the doer’s pocket. But because Florida does not have such a law to orchestrate this, it means the liability of the doer is greatly reduced.
This means premiums on car insurance quotes in Florida are reduced, and in turn, those costs are reduced for the car driver.
What you need to know about car insurance quotes in Florida
There are two types of insurance you must have in Florida for your car. They are Property Damage Liability (PDL) and Personal Injury Protection (PIP)
- PDL covers the surrounding damaged property that is involved in an accident, like other cars, buildings etc. The insurance protects you if you are at fault but you won’t get anything if your car is damaged or your home is damaged. Make sure you take out homeowners insurance.
- PIP protects you, family and anyone else involved if the car crash results in injuries, and this is known as Florida’s no-fault insurance. However, this may not cancel out any large medical bills occurring as a result of personal injuries. So make sure you have medical and health insurance.
Both types of insurance need to have a $10000 coverage. Whilst this seems generous, a large medical bill in the USA can set you back thousands, so make sure your other quotes and policies (homeowners insurance, medical insurance, health insurance and more) can sufficiently cover any remaining costs.
What else should you think about?
You should consider taking out additional insurance like Bodily Injury Liability insurance. This is a type of health insurance that covers you in the event of a personal injury, such as a car accident. Make sure you take out a policy that ensures maximum payout if your car, assets or property is extremely valuable. This is because the PIP will quickly run out in the event of an accident, and you may be left cashless when the victim or representatives goes to claim.
You should also make sure your driving license is squeaky clean, with no records. The more records you have, the higher your policy will be.
You should also bargain hunt for the best policies, both in store and online. You may also be eligible for cashback if you purchase it through comparison websites like http://www.alliance321.com/.