Get Florida Personal Auto Insurance 2020-2024

Self Insured Employers are permitted in Florida; however they are required to apply to the Division of Workers' Compensation and demonstrate the financial strength to ensure the timely payment of benefits.

Any vehicle with a current Florida registration must: be insured with PIP and PDL insurance at the time of vehicle registration. have a minimum of $10,000 in PIP AND a minimum of $10,000 in PDL.

Driving without insurance is illegal in Florida, and it's a serious problem that could result in the suspension or revocation of your driver's license.

Personal injury protection (PIP) insurance is required under Florida state law, and benefits are paid through your insurance company.

How much does PIP cost in Florida? PIP TypeDeductible AmountPIP CostFull PIP$0$398$500$378$1,000$312PIP minus Work Loss$0$3902 more rows • Nov 30, 2022

In other words, while insurance laws in Florida only require property liability and personal injury protection, it's always a good idea to carry more coverage than the minimum requirement. That way, you will have the extra protection if you're sued for auto accident damages.

Florida's Rules Regarding Self-Insurance To qualify for self-insurance, a Florida motorist must provide a notarized financial statement confirming that their net worth is no less than $40,000. The Florida motorist must have both a social security number and a driver's license, and both must be current and active.

"In Florida, HOAs and condos aren't allowed to self–insure unless they follow complex and restrictive requirements set forth by the state," says White. "They're also required to have a hurricane policy."