Car Insurance in Miami Florida
Reader’s Question:
Hi, I’m from Georgia, but I am drawing up plans to retire in Florida. I just want to know how much it would cost me to get car insurance in Miami Florida?
Donald
Albany, GA
Car insurance in Miami Florida is different from Georgia in many ways. Florida has a no-fault insurance system through the personal injury protection system. This is advantageous to you since it would allow you to recover from accidents regardless of whose fault it was. Your car insurance provider will pay for damages. Your liability insurance requirements include property damage liability and personal injury protection (PIP) where there is $10,000 to $20,000 range for property damage claims and $10,000 for PIP. However, Florida has been having high rates of car accidents and crashes over the years. Though the rates have been decreasing, it is still quite high. Extend your coverage other than what is required to fully protect you against any instances of accidents.
Car insurance in Miami Florida is also way more expensive. In fact, the state is in the top five most expensive states in terms car insurance premiums while Georgia is way cheaper and at the middle range. For example, the average expenditure for car insurance in 2006 for Florida is $1,069 while in Georgia it is only $788. With the current system, any first party injury would be taken over by the car insurance company. This is mandatory and places restriction on lawsuits; lawsuits are possible only after a ‘verbal threshold’ or a descriptive limit for injuries that when crossed over parties involved in the accident could sue.