Florida is a high-risk state because of so many drivers going without automobile insurance. Roughly 25 percent of people do not have an auto insurance policy, which puts everyone driving on the road in peril. If a person were in an accident without insurance, he or she risks big property damage costs and medical bills that they will have to pay for out of pocket. Could you come up with the monies needed in this situation? Most people could not, and could face having their savings wiped out or bankruptcy.
Beyond the financial stressors of not having auto insurance when you need it are the penalties you could face. You can have civil and criminal penalties for not having insurance. From steep fines to jail time, losing your license and your automobile, the consequences can be severe. If you cannot afford to pay for car insurance, perhaps it is time to carpool or take public transportation until you can save enough money to get back on the road safely again.
There are ways to save money on your auto insurance premiums, so explore every route with your Florida auto insurance company rather than skipping out on insurance altogether. In Florida, it is the law that automobile owners have a minimum of $10,000 personal injury protection and $10,000 property damage liability insurance. You must prove that you have PIP and PDL insurance for every vehicle you have registered in the state, or it could cost you hefty reinstatement fees if you do not prove this before your license is suspended.
It is recommended to have uninsured and underinsured motorist coverage on your policy because of Florida’s high-risk drivers. If you were to get in a wreck with an insured motorist, this is one of the only ways to ensure that there will be monies to take care of your car damage and lost time away from work and medical bills if you sustained serious injuries from the accident.
Have an experienced Florida auto insurance agent look at ways for you to save. Let them know your monthly payment goal and they can give you a few options through the best providers. Being a safe driver, good student, and having a vehicle with safety features oftentimes helps cut down the monthly premium. You can also look at raising your deductibles to see how it helps lower the cost. Drivers should pick a deductible that they could afford to pay in the event of an accident. And, if you drive only a short distance for work, this can help lower the premium too.