Smart Auto Insurance Blog

Florida requires its residents to carry a Florida auto insurance policy which covers for both personal injury and damage to the property of others according to the article “Minimum Floriday Car Insurance Requirements May Not Be Sufficient” found on auto-mobi.info.  The article suggests that the coverage may not be enough to handle the high costs of medical care and property damage.

Florida auto insurance laws currently require drivers to have a limit of $10,000 for personal injury protection, and $10,000 for property damage liability.  These limits can easily be exceeded following a major accident and may leave you responsible for a large dollar amount if you carry the minimum coverage.  It’s a good idea to see what extended coverage is available and affordable as you shop around.

Drivers should consider adding Comprehensive and Collision to their auto insurance policy if they want to cover their car fully, especially if their car is being financed.  Some lenders actually require coverage for the physical damage of the financed car as part of the loan terms.  Car insurance quotes vary greatly from insurer to insurer, as do the benefits of policies, so it can pay off big time to do your homework.

Brooke Thatcher from KUSA reports that the number of drivers without Colorado auto insurance is growing, from an already shocking 15% in 2007. The economy is causing people to cut back on car insurance, but doing so could be more dangerous to their finances in the long run. If you get into an accident while driving uninsured, your income and assets could be garnished!

Thatcher suggests safer ways to save money on auto insurance:

• Raise the deductibles for comprehensive and collision coverage, and or/lower their coverage limits. (However, don’t skimp on uninsured motorist or liability coverage.)
• Talk to your insurance provider; they may be willing to help you modify your plan.
• Get auto insurance quote comparisons from several companies, and see if you can get a better deal on your rates.

According to a press release, State Farm is lowering its Georgia auto insurance rates next month. As of March 9th, both comprehensive coverage and collision coverage premiums will decrease by an average of 1.5%. (However, medical and liability coverage rates will not change.) This is thanks to State Farm having to pay out fewer insurance claims than expected. This decision by the largest auto insurer in the state could save drivers over $16 million!

Get your own State Farm quote now and see if you will save money under the new rates.