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Florida drivers pay significantly more than drivers in the nation as a whole, where the average annual rate is $2,388 for full coverage and $664 for minimum coverage.
Uninsured/underinsured motorist bodily injury (UM/UIM BI). Protects you if you're hit by a driver who either has no insurance or insufficient coverage to pay for your medical costs.
Are uninsured drivers a concern in your state? Bankrate reviews the data. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us ...
As of 2024, motorists in Florida have one of the highest rates of car insurance in the U.S. [258] [259] 24% are uninsured. [260] 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.
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.
In Colorado, for example, it was estimated in 2009 that 15% of drivers were uninsured. [11] Usually the limits match the liability limits. [citation needed] Some insurance companies do offer UM/UIM in an umbrella policy. Some states maintain unsatisfied judgment funds to provide compensation to those who cannot collect damages from uninsured ...
Uninsured/underinsured motorist coverage. Protects you if you're hit by a driver who either has no insurance or whose liability coverage limits are too low to pay for your damages.
Auto insurance risk selection is the process by which vehicle insurers determine whether or not to insure an individual and what insurance premium to charge. Depending on the jurisdiction, the insurance premium can be either mandated by the government or determined by the insurance company in accordance to a framework of regulations set by the government.
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