If you are living in Florida then no doubt you are probably paying for higher insurance than the rest of the state. This is not your fault it simply is the nature of the insurance industry in this state. Essentially this is due to the requirements by the state to willing pay for personal injury protection (PIP) in this state. This is something that as a person who is buying auto insurance florida you should be cognizant about because it causing you to pay more than most people in other states. Essentially, the reasoning for why consumers have to pay personal injury protection because for many in Florida this is the only kind of health insurance citizens have.
There have been attempts to make insurance cheaper in this state while still maintaining the personal injury protection in Florida. In 2012 the state essentially eliminated massage and acupuncture services from the list of treatments that the insurance covered. However, just because these services have been eliminated hasn’t eliminated the high price tag of insurance in this state.
The origin of personal injury insurance in Florida began in the 1970s as a way to cut down on lawsuits and to get injured parties their money as quickly as possible. In theory it seems like a very good thing… however like all things with good intentions people figure out how to manipulate and cheat the system. There have been a number of lawsuits surrounding the issue of personal injury insurance and not to mention acts of fraud surrounding the insurance.
Auto Insurance in Florida is very, very cost prohibitive since essentially drivers are going to pay two-times what most average income households pay in the country. Florida ranks as one of the top 10 for cost in auto insurance. However, that does not mean you have to feel accept any old insurance. You can use ingenuity when it comes to searching for new insurance. Shopping online is a great way to compare deals and it is always good to get quotes from multiple sources.
There are many different insurance options as well. Sometimes the internet can seem like an attractive option when shopping for insurance but at times it can be confusing trying to navigate and figure out exactly what is required and/or wanted included in your insurance policy. If this is the case with you it may be in your best interest to consult with an insurance agent who can lay all your needs out for you.
One such option to consider when shopping for insurance is personal liability and property insurance. This insurance covers damages done by you in your vehicle as well as if you injure or kill someone. This is insurance is typically the cheapest available and usually doens’t cover much. However, if you are someone on a budget it is a good option for you to consider. In today’s fast paced world everyone needs a car but sometimes they are very hard to afford.