Florida drivers must demonstrate financial responsibility by maintaining minimum auto insurance liability coverage. This includes property damage liability and personal injury protection (PIP) coverage from an insurance company licensed to sell coverage in Florida. 

Auto insurance is highly customizable, so working with an experienced agent is crucial to determine which coverages are most appropriate for your situation. Contact BIA & Company in Coral Gables, Florida, to learn more about your car insurance coverage options and get a quote.  

How Does Car Insurance Work in Florida? 
While meeting Florida’s minimum auto insurance requirements is mandatory, it’s important to note that these levels may not fully protect you from the financial consequences of a car accident or damage-causing incident. Your agent may recommend that you purchase more than the minimum required amount of Florida’s mandatory coverages: 

• Property damage liability insurance may help cover your legal liability for third-party accident-related damage after an at-fault accident. 
• Bodily injury liability insurance may help cover your legal liability for third-party injuries after an at-fault accident. 
• Personal injury protection (PIP) coverage may help pay for medical expenses and lost wages according to your policy, regardless of fault, for you and your passengers. 

These policies have a dollar limit. If you cause damage or injuries exceeding your liability coverage’s dollar limits, you could be held personally responsible for those costs. If your medical costs exceed the limits of your PIP policy, you are also responsible for paying those costs out of pocket. 

If you lease or finance your vehicle, your leasing company or lender may require additional coverage beyond the minimum requirements, including the following: 

• Comprehensive and collision coverage may help repair or replace your vehicle in the event of an accident. 
• Guaranteed asset protection (GAP) insurance may help pay off your vehicle if it is deemed a total loss after a covered incident or accident. 

Reviewing your auto insurance policy to understand the specific coverage provided is crucial. Some policies may have limitations and exclusions that could affect your protection in certain situations. 

Contact Us 
For more information on car insurance discounts and to get a car insurance quote, reach out to BIA & Company. Our team can help you understand your car insurance options so you can get the right coverage for your needs.