Hey Floridians: This is All you Need to Know About Auto Insurance

Your car is one of the most valuable assets you will ever own. As such, you must try everything to safeguard this treasurable investment. While car maintenance is pivotal, car insurance is equally important. 

That said, finding the right auto insurance means that you are not only in compliance with Florida laws, but it also gives you peace of mind when driving. Fortunately, Fort Lauderdale, FL drivers can be at ease knowing that they can purchase affordable insurance from Coastal Wealth Insurance LLC.

Florida car insurance requirements

The law requires you to have the below minimum auto insurance coverage:

  • Property damage liability with a $10,000 limit
  • Personal injury protection (PIP) with a $10,000 limit per person

Whereas the law requires you to have the above minimum coverage, you can purchase the below additional coverages for maximum protection of your car.

  • Collision insurance: To protect your car in case of damage from another vehicle or stationary object.
  • Medical payments: Covers for treatment and rehabilitation costs.
  • Bodily injury protection (no-fault insurance): Regardless of who is at fault, this insurance covers lost wages or medical expenses after a vehicular accident. 
  • Uninsured/underinsured motorist bodily injury: Protects you if you are involved in an accident with a person without insurance or with inadequate coverage.
  • Comprehensive coverage: Covers your car against additional risks like theft, vandalism, and damage from natural disasters. 

How much does car insurance cost?

Every car insurance has its own formula for computing car insurance premiums. However, the below factors have a say in how much auto insurance will cost you:

  • Your credit rating
  • Make and model of your car
  • Your claim and insurance history
  • Age, gender, and marital status

Are you in Fort Lauderdale, FL and its environs looking for auto insurance? Please visit us at Coastal Wealth Insurance LLC, and our specialists will help you get the appropriate auto insurance. While there is no one-size-fits-all car insurance policy, we shall help you get one that is unique for you.