Best Florida Car Insurance Companies

Florida law requires FL residents to have auto insurance. You must purchase the minimum amounts of auto insurance coverage for personal injury protection (PIP) and property liability auto insurance and property damage (PDL).

Fortunately, the state of Florida compensates this coverage requirement by offering some of the lowest minimum insurance coverage in the country.

The best car insurance in Florida

The three cheapest insurance companies for cars in Florida are: Florida Farm Bureau Insurance Company, United Service Automobile Association (USAA) and GEICO.

The first company mentioned has an annual premium of $381 dollars. The second one has an annual premium of $600 dollars and GEICO which is the third one has $605 dollars as an annual premium.

Car insurance requirements in FL

Florida is a state with no-fault insurance. If you are injured in an accident, your auto insurance will pay for your medical costs up to the limits of your policy, regardless of who caused the accident.

The minimum limits of auto insurance coverage in Florida are:

$ 10,000 for personal injury protection insurance (PIP) or no-fault insurance.

$ 10,000 for property liability and damage insurance (PDL).

Personal injury protection auto insurance

In addition to covering your share of any medical expenses and losses on your income that results from an auto accident, your personal injury protection or PIP insurance will also cover:

To your child and other members of your family.

Your child (when traveling on a school bus).

To you (when you are walking or cycling and you get involved in a car accident).

To the passengers who are in your car and who do not have their PIP insurance and do not own a car.

Anyone who is in your car and has PIP auto insurance will be covered by your own policy if you have an auto accident. Also, your PIP auto insurance will cover you when you are a passenger in someone else’s car.

Liability insurance and property damage

The Florida auto liability and property damage (PDL) insurance will cover damage to someone’s property, such as buildings or homes.

Fines and penalties for violations

The Department of Highway Safety and Motor Vehicles of Florida (DHSMV) requires that your insurance company notifies you electronically if there is a cancellation of your insurance policy. If the DHSMV does not have the history of your current auto insurance policy, they will notify you by mail and give you the suspension date. If you cannot prove to the DHSMV that you have insurance before the date of the suspension, your driver’s license, license plates, and registration will be suspended. To reset them, you must provide proof of Florida insurance and make a payment of:

  • $ 150 for your first infraction.
  • $ 250 for your second infraction.
  • $ 500 for each subsequent infraction.

If you can prove to the DHSMV that you had your insurance before the date of the suspension, you will not face any sanctions.

You can provide proof of insurance:

  • Online to the DHSMV website.
  • In person to the driver’s license office.
  • By phone at (850) 617-2000.

If you no longer own the car, deliver your license plates and registration to the Florida DHSMV to avoid suspension of your driver’s license.

Florida auto insurance options

 While the law in Florida tells you the minimum amounts of coverage you must purchase, you always have the option to buy higher amounts of injury protection insurance coverage and liability coverage.

Also, for those seeking more all-risk insurance, most Florida insurance companies offer the following types of optional coverage:

All-risk coverage – This coverage will pay for damages to your car that are not due to accidents, eg, scratches on your car paint due to vandalism.

Coverage for crashes – This coverage will pay for damages to your car due to accidents.

Coverage of trailers and labor. Coverage for uninsured or underinsured drivers – This coverage will pay for damages that occurred in an accident with uninsured drivers and Coverage for rented cars.

Even though all risk and collision hedging policies are not required by Florida law, your lender will require you to buy both if your car is being financed.

Liability for bodily injury

One of the biggest reasons why Florida requires no-fault auto insurance is to protect FL drivers from being sued after an accident. However, if you have an accident, there is still the possibility that the victim (s) will sue you, especially if one or more victims suffer serious injuries or if there is a death. To help you have coverage in these cases, in Florida you can acquire personal injury liability insurance (BIL). If you have BIL coverage and have been found guilty of an accident, this coverage helps you pay for the injuries caused to the victims of the accident up to the limits of the policy.

Florida Farm Bureau – In Central Florida

Based on an analysis, the best car insurance in Florida is Florida Farm Bureau Insurance Company.

The Florida Farm Bureau Group is a wholly-owned subsidiary of the Southern Farm Bureau Casualty Insurance Group. Southern Farm Bureau Casualty Insurance Company began 50 years ago with a group of Farm Bureau leaders, who shared a vision for better service and the lowest types of insurance. Today, Southern Farm Bureau Casualty is a $ 2 billion company and is at the top of its class with A.M. Best A ++ Superior Rating – a designation reached by only 3 percent of property and accident insurers in the nation. Southern Farm Bureau Casualty has become a leader in the insurance sector through innovative and competitive services for its policyholders and an extensive training program for its adjustment credits, insurers, and independent agents.

The Florida Farm Bureau Group is comprised of two nationally owned companies, the Florida Farm Bureau Casualty Insurance Company and the Florida Farm Bureau General Insurance Company. The group specializes in automobile, housing, fire housing, farm business owners and insurance lines for members of the Florida Farm Bureau Federation.

PROPERTY AND ACCIDENT PRODUCTS

  •  Personal automobile
  •  Homeowners
  •  Flood – Online Quotes
  • Commercial car
  • Business owners
  • Property of farm and estate
  •  Harvest
  •  Fire and extension of housing coverage
  •  Inside Marina

LIFE AND ANNUITY PRODUCTS

  • Entire life
  • Term of life
  • Universal life
  •  Annuities (qualified and non-qualified)
  •  Retirement plan
  •  Long-term care
  •  Expense for cancer
  •  Property planning

HEALTH

 Blue Cross / Blue Shield

Getting quotes

To get different quotes, it is necessary to fill out a form with some of your personal information and then you will receive the proper information from various insurance companies. You will be able to choose the best car insurance in Florida to protect yourself and yours.

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