What are the two types of insurance for Florida's no-fault law?

How does car insurance work when you are not at fault in Florida?

Unlike many others, Florida is a no-fault automobile insurance state. This means that all drivers are required by law to carry personal injury protection (PIP) insurance and other coverages. This ensures that certain costs incurred as a result of an accident are covered, no matter who is at fault.

Who pays for car damages in a no-fault state?

In no-fault states, each party carries insurance that pays for their own injuries, while the at-fault party typically pays for everyone's property damage.

What are the cons of no-fault insurance?

CONS: Fewer legal options: In most states, drivers with no-fault policies are restricted from suing unless the injuries meet a certain severity threshold. Potentially higher premiums: Some say no-fault insurance may lead to higher premiums due to more claims being filed.

Is Florida a no-fault state for homeowners insurance?

Is no-fault insurance mandatory in Florida? Florida is a no-fault state and it is mandatory that you have both property damage (PD) and personal injury protection (PIP) for the standard minimum of $10,000. Is just $10,000 in PIP and PD enough? Many agents will say it is, but in fact, it's far from enough.

What does comprehensive coverage mean?

Comprehensive coverage and collision coverage both insure your car, but they cover different events. Comprehensive insurance coverage pays for damage caused by events considered to be outside of your control, like theft, vandalism, hitting an animal, glass breakage, fire, and weather-related incidents (e.g., hail).

Which are not covered by no-fault?

No-fault insurance does not cover damage to other people's property. If you're responsible for a car accident, your property damage liability coverage helps pay for damage you cause to another person's car or property (such as a fence or building).

What is PIP insurance in Florida?

PIP, which stands for “personal injury protection,” is insurance that pays for personal injuries that Florida drivers suffer in a car crash. When you have PIP insurance, it pays you for your injuries even if you're proven to be at fault for the accident.

Which coverage is paid without regard to fault?

No-fault insurance is insurance that pays for health care services resulting from injury to an individual or damage to property in an accident, regardless of who is at fault for causing the accident. No-fault insurance may be found as part of: Automobile insurance policies.

What are the 2 main types of personal accident insurance policies?

Which type of insurance is often referred to as no-fault coverage?

No-fault insurance is often called Personal Injury Protection, or PIP for short. In no-fault insurance states, drivers are normally required to have a minimum amount of PIP Coverage.

Who is the cheapest auto insurance in Florida?

Geico offers the cheapest full coverage in Florida, with an average rate of $2,138 per year according to NerdWallet's January 2025 analysis. Full coverage in Florida costs an average of $3,992 per year, or $333 per month. If you want the cheapest policy possible, get minimum coverage.

What is Florida's no-fault law?

Florida is a no-fault automobile insurance state. This means that drivers must carry personal injury protection insurance (PIP) to pay for their medical expenses and other accident-related damages, regardless of who caused the collision.

What is the new property law in Florida?

Starting January 1, 2024, Florida law will require witnesses to provide their addresses on documents that affect the ownership of real estate. This includes deeds, mortgages, and other legal instruments. Witnesses must now include their signature, printed name, and address on these documents.

What is the new insurance law in Florida in 2024 explained?

Flood Insurance Mandates (These changes became effective on May 13, 2024, the day Governor DeSantis signed the bill.) Citizens policyholders who must purchase flood insurance as a condition of eligibility for Citizens are no longer required to purchase flood coverage for personal contents.

Do you get money from no-fault insurance?

So let's start with a basic definition: no-fault insurance, sometimes referred to as personal injury protection insurance (PIP), can help cover you and your passengers' medical expenses and loss of income in the event of a covered accident, regardless of who is found at fault.

What are the benefits of a no-fault state?

No-fault insurance is designed to cover your medical expenses and/or loss of income when you're involved in a car accident, regardless of who was at fault. Some states require drivers to carry no-fault auto insurance, while others make this coverage optional.

Is no-fault insurance cheaper?

No-fault insurance is more expensive than insurance in at-fault states because it includes personal injury protection (PIP) in addition to basic liability insurance.

Should I file a claim if I'm not at fault?

Always File a Claim, Regardless of Who Was At-Fault

One of the primary questions we receive from clients who have been in an accident is whether they should report the accident to their own auto insurance carrier, particularly when the accident was not their fault. And the answer to that question is: always.

Can I be sued for a no-fault car accident?

The insurance contracts in no-fault states ensure coverage no matter who bears responsibility for the car accident. Generally, all parties in the accident may receive funding to help them recover, thus limiting the option for a driver to be sued for a no-fault accident.

What happens if I hit my car with my other car?

If you damage your own car, can you claim it on your insurance? If you have collision coverage, you're typically covered for damaging your own car. For instance, if you run into an object or other vehicle (even another of your vehicles), you can claim it on your insurance like any other car accident.