State of Florida endorses a NO fault system, which means that the insurance company will pay for your claims only up to a certain limit.
Before we proceed further, there are a couple of things you should know about, which will be used extensively throughout the rest of the discussion.
Basically, there are two basic things that the Florida state law demands, while you seek Florida auto insurance - 1.
PIP- Personal Injury Protection a bodily insurance coverage up to $10,000.
2.
PDL- Personal Damage Liability - an accident coverage up to $10,000.
Many different states also offer an uninsured or an under-insured motorist injury coverage that covers the bodily injuries caused by the uninsured drivers.
The state of Florida does not recommend it; however, it can be considered before the final decision on coverage is made.
But, if you want to get the Florida auto insurance done, you can consider doing so in name of your relative who lives in the sub urban areas, rather than doing it in you own name in the city.
The PIP will however help you pay for the medical costs up to a certain limit for the driver as well as the passengers.
There are no standard insurance rates and many people think that these are fixed by the state and the insurance companies.
However, the fact is that there are different Florida auto insurance quotes offered by each and every company and you need to do quite a lot of ground work before making the final decision.
Looking at the past and current trends in the variation of the auto insurance also helps to a good extent.
During the year of 2003, average insurance premium for auto and residents was about $1,104.
Then by the middle of the year 2007, the rates were slashed down and become comparable to that during 1999.
Also a 0.
5 to 1% decrease in the car insurance rates was further observed.
But, people predict an increase in rates by 2010, so probably it's the best time to find good Florida auto insurance rates at the moment.