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Driving on roads with a vehicle registered in Florida means you have to get some sort of Florida auto insurance. You may be able to get by the least amount of coverage possible, or you may have to purchase full coverage. Either way, you can benefit by getting a little background information on the subject to be sure you get the level of coverage you need and get it at the best price available. After all, it is your financial protection and your money at stake.


Minimum Requirements

Insurance Policy with PenThere are some very minimum requirements for auto insurance.  All that is required is for you to get property damage liability worth $10,000 and personal injury protection worth $10,000. If you have a motorcycle, you are not required to have Florida auto insurance. Even with these really low requirements, it is not recommended that you purchase only this minor level of coverage. If you can afford a little extra each month, you will probably sleep easier if you at least get liability coverage for both property damage and bodily injury and increase your limits to $100,000.


Pay Attention to Your Auto Insurance Policy

The average cost for a yearly policy is a few hundred dollars above the national average. Monthly premiums average just over $140, but you don’t necessarily have to pay that much. Many factors affect this rate, the most important being your driving record, type of car you are insuring, where you live and the type of coverage you choose to purchase. For this reason, pay special attention to all aspects of the policy that is put in front of you. Ask yourself if you really need all the little bells and whistles that come with the coverage. If you can afford them, then go ahead. If you are looking to save, trim away all the fat except what you really need.


What Do You Need

Trying to decide the coverage you need can be difficult if you are new to shopping for car insurance. However, there are a few guidelines that can be helpful. The amount of liability coverage has already been discussed. If you have a car loan, you will be required to get collision and comprehensive coverage as well, which is pretty straight-forward coverage and will be dictated to you by your lender. If you don’t have lender requirements, then how do you decide if you need collision and comprehensive? A good rule of thumb is that if your vehicle is worth at least $5,000, then you should invest in collision and comprehensive coverage.


Making Sense of Full Coverage

If you do need to get collision and comprehensive coverage, the first thing to consider is your deductible. A deductible of $500 will probably be your best option, but there are many available that are both higher and lower. Think about how much you can spend out of pocket for repairs when deciding on a deductible. As you go over your collision and comprehensive policy, look for areas that are not covered as well as areas that may not be necessary. You can use your own judgment in accordance with your needs to decide what is relevant and what is not.


Online Price Quotes

To help you get the best rate on whatever you need, online price quotes can help. There is no better way for new shoppers to compare rates and gain an understanding of how rates are determined than by using online rate quotes. By spending 15 minutes getting these quotes you can save hundreds on your cheap auto insurance in Florida.




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