Orlando, FL – (WiredPRNews.com) In addition to requiring motorists to carry auto insurance in order to drive legally, states also set minimum monetary thresholds up to which policies in the state must provide financial protection. But still, regulators and industry experts say that these minimums often fall short of the coverage levels needed to ensure that an individual’s assets are fully protected.
This is certainly the case in Florida. In the Sunshine State, residents initially are required to carry a total of only $20,000 in coverage — $10,000 worth of personal injury protection (PIP) and $10,000 worth of property damage liability. With protection levels that low, vehicle owners in the state may find it worthwhile to conduct a Florida car insurance comparison to see if the extra price of above-minimum coverages would be affordable.
Something else for Floridians to consider is that, since their state remains one of the few with no-fault auto insurance systems, prospective policyholders do not have to purchase bodily injury liability insurance. This type of protection differs from PIP in that bodily injury liability goes to pay for damages caused — rather than incurred — by the policyholder. In addition, bodily injury liability policyholders will receive legal representation from their insurers if they are sued over damages that they are responsible for. Not only is this type of protection “strongly recommended” by the state’s department of financial services, it is advised that drivers get covered beyond the $20,000-per-occurrence minimum.
According to some sources, the average driver should, ideally, have at least $300,000 of bodily injury liability coverage per accident.
To find out about comparing rates for protection, consumers can go to http://www.onlineautoinsurance.com/florida/florida-auto-insurance-quote-comparison.htm where they will be able to start the shopping process by using the free quote-comparison generator.
Online Auto Insurance, LLC
8667 Haven Ave Ste 100
Rancho Cucamonga, Ca 91730
Phone: (909) 912-1855