Florida Auto Insurance – What you need to know about


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See my other insurance videos: Understanding car insurance: what you need to know 101

Coverage not mentioned Unsecured driver stacked and not stacked. If you have 2 or more cars, you can accumulate UM / UIM coverage for an additional cost. Essentially, what it does is that if it is hit by an uninsured or underinsured driver, if it is stacked, it gets twice as much coverage. IE: UM 25,000 / 50,000 stacked. If an uninsured driver hits you, you can take an additional 25,000 / 50,000 from your other car to cover up to 50,000 / 100,000.

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State Min: PIP and PD are only required for basic insurance
Most common state Min: BI 10,000 / 20,000 PD 10,000

Most common coverage (still low):
BI limits: 25,000 / 50,000 PD 25,000
UM / UIM 25,000 / 50,000 Integral and collision or UMPD

The most common homeowners buy for cars:
BI limits: 100,000 / 300,000 PD: 100,000
UM / UIM: 100,000 / 300,000

Limits that I currently carry (I'm not in Florida)
250,000 / 500,000 PD 100,000 UM / UIM 250,000 / 500,000 Comprehensive minus 250 deductible and collision minus 500 deductible.

BI = Bodily injury PD = Property damage
UM = uninsured motorist UIM = underinsured motorist (UMBI / UIMBI = no insurance / low motor vehicle injury)
PIP = Protection against personal injury
Complete = Other than the collision
Collision = Coverage for the ACV (actual cash value) of your car less your deductible

Disclosure: I do not advise you to take specific coverage. I'm just giving my opinion. I hope these ideas will help you make a better decision about what types of car insurance coverage will best suit you and your family. Please talk to your insurance agent for more specific advice. Choose your coverage at your own risk. I am not responsible for any coverage that you choose or do not choose according to this video.

Video credits to Mark Flockhart YouTube channel





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    Florida Auto Insurance – What you need to know about

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