The Florida Department of Highway Safety and Motor vehicles lays out very clear rules regarding auto insurance to Florida residents. Like other states, Florida requires every vehicle featuring four wheels and a motor to be covered under auto insurance. Every vehicle with a valid Florida registration must be covered by insurance, even if the car is being held in a storage facility and is not being driven on public roads.Florida requires two types of insurance coverage for any vehicle with Florida registration. Minimum coverage for each respective vehicle is $10,000 in personal injury protection and $10,000 in damage liability. Personal injury protection provides coverage to injuries suffered in an accident, and the proper damage coverage applies to damage caused by the driver when they are determined at-fault in any car accident. Many drivers choose Florida car insurance policies to go above these minimum thresholds to provide better insurance coverage to themselves.
The state of Florida also requires “Florida coverage” on all its vehicles. This means that the insurance policy issued to cover your vehicle must be issued by a company authorized to sell auto insurance in the state of Florida. These companies are granted licensure by the Florida Department of Financial Services.
If you move to Florida from another state and have an existing insurance policy from that state, you are still required to switch over your insurance policy to coverage through a Florida insurance agent. Many large insurance companies have agents authorized to sell insurance in any state, so if you are with a larger insurance provider it is likely that you can remain with your insurance company and simply have the policy changed over to Florida coverage.
If you fail to insure your vehicle in Florida, you are at risk of having your driver’s license suspended for up to three years, or until you provide the state with acceptable proof of insurance issued by a licensed Florida agent.