When shopping for car insurance, you may find yourself overwhelmed with all the options out there. A good place to start is with your state's minimal coverage. You need to know what is required by law, and then you can add to that whatever you think is necessary for your situation. Let's take a look at Florida's auto insurance laws.

As a Florida resident, you must be responsible for any incidents you and your vehicle are involved in. Florida's Financial Responsibility Law and No-Fault Law outline the coverage that is needed for residents to legally operate personal vehicles.

To establish responsibility, Florida residents have four options. They may purchase a liability insurance policy from an insurer licensed to sell insurance in Florida, they may post a bond with a state-licensed company to obtain a Financial Responsibility Certificate, they may post cash or securities with the FDHSM to obtain a Financial Responsibility Certificate, or they may provide evidence of possessing a net encumbered capital to obtain a Self Insurance Certificate.

Florida's laws work together and require each vehicle owner to have specific minimal amounts of liability coverage. The two laws require as follows:

Financial Responsibility Law: this includes coverage for accidents for which you are at fault. Your policy must include at least $10,000 bodily injury per person, $20,000 bodily injury per accident, and $30,000 in combined single limits.

No-Fault Law: this includes coverage for incidents in which no bodily injuries occur. Your policy must include at least $10,000 personal injury protect per person and $10,000 property damage.

These two laws outline the basic liability coverage allowable in the state. Now, you are free to add additional coverage or increase the state's minimal coverage according to your preferences, taking into account vehicle age and value.

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