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Florida car insurance laws. Florida’s car insurance laws make it clear that every driver must have an active car insurance policy that meets the following coverage limits in order to operate a ...
An uninsured motorist clause is a provision commonly found in United States automobile insurance policies that provides for a driver to receive damages for any injury he or she receives from an uninsured, negligent driver. The owner of the policy pays a premium to the insurance company to include this clause.
While uninsured motorist coverage is for accidents where the at-fault driver does not have an active auto insurance policy, underinsured motorist coverage will cover you if a driver hits you but ...
Until 1956, when the New York legislature passed their compulsory insurance law, Massachusetts was the only state in the U.S. that required drivers to get insurance before registration. North Carolina followed suit in 1957 and then in the 1960s and 1970s numerous other states passed similar compulsory insurance laws.
Uninsured motorist is optional in Florida, however, so you may not carry it on your policy. Collision coverage : Collision coverage could repair the damage to your vehicle caused by a hit-and-run.
As of 2024, motorists in Florida have one of the highest rates of car insurance in the U.S. [290] [291] 24% are uninsured. [292] Drivers between 15 and 19 years of age averaged 364 car crashes a year per ten thousand licensed Florida drivers in 2010. Drivers 70 and older averaged 95 per 10,000 during the same time frame.
These policies may also sometimes include medical payments, uninsured/underinsured motorist or PIP coverage, depending on the state and company. There is not one car insurance company that’s the ...
24 states originally enacted no-fault laws in some form between 1970 and 1975; several of them have repealed their no-fault laws over time. Colorado repealed its no-fault system in 2003. Florida's no-fault system sunsetted on 1 October 2007, but the Florida legislature passed a new no-fault law which took effect 1 January 2008.