Florida Full Coverage Auto Insurance

The Full Review

• In Florida, the average annual full coverage auto insurance rates cost $104 per month and $1,257 annually.
• To legally drive in Florida, you must purchase personal injury protection and property damage liability insurance.
• Full coverage auto insurance in Florida will include the minimum state standards, as well as some form of collision and comprehensive coverage.

If you live in Florida and own a vehicle, you are required to have a certain amount of insurance coverage. There are many reasons you might choose to purchase Florida full coverage auto insurance instead of simply the state minimum requirements.

What is full coverage in Florida? Any auto insurance policy that meets the state standards and includes additional liability, collision, and comprehensive coverages.

If you drive an older vehicle worth less than $4,000, you may want to stick with the Florida state minimum auto insurance limits. However, if you have a newer model, or finance your car, minimum coverage auto insurance in Florida may not be enough.

Read through our comprehensive guide to better understand basic auto insurance in Florida, as well as to learn about full coverage auto insurance versus other insurance policies.

Can’t wait to get started? To find cheap Florida full coverage car insurance quotes, enter your five-digit ZIP code into our free quote tool above to find affordable Florida full coverage car insurance.

How much is full coverage auto insurance in Florida?

Full coverage insurance in Florida will cost more than the Florida state minimum auto insurance requirements because it provides you with broader, more comprehensive protection.

On average, FL full coverage auto insurance will cost you around $104 per month or $1,257 annually. However, applying for discounts and comparison shopping can help you secure an even cheaper rate.

Take a look at the graph below to compare average annual full coverage Florida state auto insurance rates to other types of policies in the state.

Remember that full coverage rates are higher because they also provide you with the Florida state minimum insurance limits.

Your coverage rates will increase or decrease depending on your demographics as a driver. Therefore, auto insurance for teenagers or drivers with messy driving records will be much higher than rates for experienced, safe drivers in Florida.

Contrarily, there are no set Florida full coverage auto insurance limits. Each insurance company offers slightly different variations of full coverage policies.

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Is full coverage auto insurance required in Florida?

Auto insurance is legally required in 49 out of the 50 states across the country. Florida is no exception. That being said, full coverage auto insurance is not required in your state. Most states only require drivers to purchase liability insurance.

However, Florida is what is known as a no-fault state, which means all drivers involved in a car accident are responsible for paying for their own damages, no matter who is at fault. Therefore, minimum auto insurance requirements for the state of Florida are a little different than most other states.

The table below details what auto insurance coverage is required in Florida.

In Florida, you need to have $10,000 in personal injury protection, otherwise known as PIP, and another $10,000 in property damage liability, or PDL insurance.

Because Florida auto insurance state minimums include PIP, you are protected no matter if you are at fault for the accident or not. Your children and other members of your household are also covered under this type of policy, including some passengers who might not have their own PIP insurance.

PIP coverage can also cover you if you are a pedestrian, cyclist, or passenger in another vehicle.

Property damage liability insurance will help pay for damages to property owned by you or your family members caused by an automobile accident. This type of policy will also help cover damages for other people’s property, including your passengers.

It is important to note that if you only purchase minimum insurance coverage in Florida, your car is not protected from damage caused by weather, animals, or even vehicle theft.

To be protected in those scenarios, you will need to invest in full coverage auto insurance.

What is considered full coverage auto insurance in Florida?

What does full coverage auto insurance consist of? When you invest in full coverage auto insurance in Florida, you have the personal injury protection and property damage that is required by the state, as well as a few additional policies.

Usually, collision and comprehensive insurance are included in full coverage policies. Both of these policies have deductibles associated with them, which is the amount you will pay out of pocket before your insurance company steps in to help.

Comprehensive insurance protects your vehicle from damage that occurs when the car is not in motion. Hurricane damage, damage from animals, vandalism, and vehicle theft will all be covered by comprehensive insurance claims.

Collision insurance protects your vehicle from damage that occurs when the car is in motion. Damages caused by colliding with another driver, a tree, or even a telephone pole will be covered by collision insurance claims.

Purchasing these additional policies protects you from substantially more than if you only buy the Florida minimum auto insurance limits. However, full-coverage protection does not necessarily stop there.

You also have the option to purchase uninsured motorist coverage, medical payment coverage, GAP coverage, and even roadside assistance programs that can help replace flat tires, jump-start your vehicle, and sometimes even provide you with a tow.

Florida has the most uninsured drivers in the entire country.

The Insurance Information Institute estimates that at least 26 percent of drivers in Florida are uninsured.

Even though Florida is a no-fault state, adding uninsured motorist protection to your fuller coverage policy can prevent you from having to pay entirely out of pocket for damages to your vehicle and for medical bills should you ever be involved in an accident where an uninsured driver is to blame.

Similarly, medical payment coverage, also known as MedPay, can provide you with additional coverages alongside your required state minimum PIP policy.

Often, MedPay coverage is more affordable than PIP coverage. Keep in mind that unlike PIP, MedPay policies will not pay for any of your wages lost due to an accident.

Geico explains the differences between MedPay and PIP in more detail in the following video.

While most people in Florida choose not to carry MedPay, investing in this extra program can help cover the 20 percent co-pay that is not covered by your PIP coverage.

Finally, guaranteed asset protection, also known as GAP coverage, is a great additional policy to purchase if you finance your car and still owe more on your loan then the vehicle is actually worth.

This type of coverage will help pay for whatever is left on your loan in the event your vehicle is totaled, so you do not have to worry about paying out of pocket for a car that is no longer driveable.

While not every driver will need these additional policies, they can be vital for others. Be sure to do your research and make sure that the auto insurance you are paying for includes all of the protection you really do need.

Getting an auto insurance comparison in Florida, if you’re ready to buy Florida full coverage car insurance, will help you find the best price. Enter your ZIP code into our free quote tool below and start immediately comparing Florida full coverage car insurance rates.

References:

1. https://www.iii.org/article/background-on-compulsory-auto-uninsured-motorists

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