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  • Writer's pictureCarolina Nunez

MY CAR INSURANCE KEEPS GOING UP! What can I do if my Florida policy is too expensive?

Updated: Mar 27


Are you feeling overwhelmed by your rising Florida car insurance premiums? Yep. It is a major issue. However, before making any changes to your auto insurance premiums -- it is a good idea to know what is in your policy because in the event of a car accident, you might find yourself not only injured -- but also risking serious financial hardship.


As the world slowly recovers from the 2020 pandemic, many financial experts worried about what may happen next. With student loan payments commencing in October of 2023, consumers are more worried about being able to afford day-to-day expenses. With the increased cost of living and stagnant wages, many Americans are already feeling the financial strain and could be hit hard by another recession.


Here is a quick guide regarding auto insurance policies so you can make an informed decision before cutting back on your automobile insurance policy. Make to log into your respective insurer's portal to double check your policy.


PIP Coverage


First, let's start with the coverage that is required by law in Florida, Personal Injury Protection, or PIP for short. PIP covers the policyholder and passengers in their own vehicle for medical expenses and lost wages in case of an accident, regardless of fault. This coverage provides medical expenses and lost wages for you and your passengers in case of an accident, regardless of who is at fault.

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PDL Coverage


Along with PIP, Florida drivers are also required to have Property Damage Liability coverage, or PDL. PDL covers damages to someone else's property in the event of an at-fault accident. This coverage protects you in case you are at fault for an accident and cause damage to someone else's property.


Optional Florida Auto Insurance Policy Coverage - Don't get Caught Off Guard!


Now that you are prepared to know the required basic types of car insurance coverage in Florida, your optional coverage can be used in the unfortunate event where the at-fault driver was not insured at the time of the accident, if your injuries/damages are more than the policy limits, or even in a situation where there has been a hit and run. This is why it is extremely important for you to add on optional coverage to have peace of mind.


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BIL Coverage


Bodily Injury Liability coverage, or BIL, helps pay for medical expenses and damages for others if you cause an accident. This coverage is especially important if you have assets that could be at risk in case of a car accident lawsuit. If you are a business owner or have substantial assets -- it is very important for you to consider adding this coverage in the event you are personally sued.


UM/UIM Coverage


Uninsured/Underinsured Motorist coverage, or UM/UIM, is also an optional coverage in

Florida. This coverage protects you in case you are in an accident with a driver who doesn't have insurance or doesn't have enough insurance to cover the damages.

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This UM/UIM can also kick in when you have been victim to a hit and run. Here, at The Law Offices of Carolina Nunez, P.A. -- we have fought hard for clients that have been victims in hit and runs and ultimately demanded that the insurance companies provide the maximum possible compensation.


Comprehensive and Collision Coverage


Finally, Comprehensive and Collision coverage are options to consider if you want to fully protect your own vehicle. Comprehensive coverage covers damages to your vehicle from incidents such as theft, natural disasters, and other non-collision events. Collision coverage, on the other hand, covers damages to your vehicle from a collision with another vehicle or object.


In Florida, we are all too familiar with flooding, hurricane damage, and other natural disasters. It is important to consider adding this coverage in the event that your vehicle is damaged due to mother nature.


And there you have it! The different types of coverage in Florida car insurance explained. It's important to carefully review and understand the coverage options available to you and choose the policy that fits your needs and budget. Stay safe on the road, and drive with peace of mind.


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