Looking for low cost auto insurance in Tampa Florida? Want to know how to get the cheapest rate with a top company? Read on …
Minimum Auto Insurance in Tampa Florida
The least amount of auto insurance you’re required to carry in Tampa Florida is:
$10,000 bodily injury liability coverage for one person – This is the maximum amount your insurance will pay when you injure or kill someone in an auto accident. It also covers people driving your car with your permission.
$20,000 bodily injury liability coverage for everyone – This is the maximum amount your insurance will pay for everyone you injure or kill in an auto accident.
$10,000 property damage liability coverage – This is the maximum amount your insurance will pay when you damage someone else’s vehicle in an auto accident. .
Personal Injury Protection – This coverage pays your medical expenses and your passengers medical expenses when you’re involved in an accident. It also pays you and your family’s medical expenses when you’re injured in someone else’s car or while walking.
These are the minimum amounts of insurance you need to carry in Tampa Florida, so if you want the cheapest insurance this is all you need to buy. However, you may also want to carry the following coverages:
Collision coverage – Pays for repairs to your car when it’s involved in an accident with another vehicle no matter who was at fault.
Comprehensive coverage – Pays for repairs to your car caused by fire, theft, vandalism, and acts of nature.
To save money on collision and comprehensive coverage, increase your deductible to an amount you can afford to pay if you were to file a claim
Low Cost Auto Insurance in Tampa Florida
Premiums for the same insurance coverage can vary significantly from one company to the next, so in order to get the best rate on your auto insurance you need to compare rates from different companies. The easiest way to do this is to go to an online comparison website. There you can get rate quotes from A-rated companies and even get answers to your insurance questions from insurance experts.
By: Brian Stevens
Posts Tagged ‘Insurance Coverage’
How To Get Low Cost Auto Insurance In Tampa Florida
January 12th, 2010Alabama Auto Insurance Minimum Coverage Requirements
January 8th, 2010
Are you new to the State of Alabama? If so one of the most important aspects of moving to any new state is to determine what their car insurance regulations and requirements are. Are you maybe just looking for some Alabama car insurance basics in hopes of finding a low cost policy? The following information will provide you with basic information regarding what is expected of you as a licensed driver in the State of Alabama. Car insurance is required in AL so read on to find out what the State minimums are and then see if maybe you can put these basics to work in saving you some money.
Minimum Insurance Requirements
All drivers within the state of Alabama must have liability coverage when operating a vehicle within the state. The minimum amount of acceptable coverage is $20,000 for individual liability, $40,000 per accident, and $10,000 for property damage per accident.
Proof of Insurance
If you are driving within the state of Alabama you must have proof of insurance in your vehicle at all times. Types of proof that are acceptable are as follows: a permanent or temporary card from your insurance carrier; a premium receipt or binder; the declarations page of your current policy or the actual policy itself; or a recent proof of purchase of the vehicle, within the past 60 days, along with an up to date insurance card from your prior vehicle. Acceptable proofs of purchase are bills of sale if the vehicle was made before 1975; and if made after 1975 then your copy of the application for title. If you are driving a rental car then you must have a copy of the rental agreement showing the insurance coverage.
The penalty for failure to have your proof of insurance is suspension of your vehicle tag registration and a reinstatement fee of $100. Your tag registration will remain suspended until you present proof of insurance to the proper authority. After the initial suspension, if you are caught again driving without proper proof of insurance you will then face a mandatory four month suspension of your vehicle tag registration and have to pay a reinstatement fine of $200 upon providing proof of up to date insurance.
Alternate Forms of Coverage
Instead of carrying liability insurance you can get a motor vehicle liability bond or deposit of cash. In either case the minimum amount is $50,000. The bond is issued on the condition that it will be payment for any judgment against the holder with or without his consent as a result of any injury or damage committed by him. The bond must be executed by a surety company that is licensed to issue bonds and you as the driver must keep your Motor Vehicle Liability Bond Certificate on you as you would proof of insurance.
A cash deposit certificate is issued when you deposit the required $50,000 with the State Treasurer. You would also carry this certificate as you would any proof of insurance. If at any time this money is used to satisfy a judgment you would have 30 calendar days to reinstate your $50,000 balance with the State Treasurer.
Alabama Car Insurance Quotes
Be certain to compare Alabama car insurance quotes from at least 5 different companies before you purchase.
By: James J. Robinson