Orlando Auto Insurance - What is Required

Orlando auto insurance is a requirement for all residents of Orlando and all who are planning to stay in the city for more than 90 days a year..

Remember that driving with no car insurance is against the law. You are obliged to obtain auto insurance even for vehicle garaged and not-runner,as long as it is registered in Florida.

Your auto insurance must be from Florida and cannot be a policy from another state

Orlando Auto Insurance Requirements

The minimum coverage required is:

1. PIP - Personal Injury Protection, $10,000.

2. PDL - $10,000 Property Damage Liability,$10,000

Bodily Injury Liability (BIL) coverage may be required if you have been involved in an accident in the past or

Note that Florida is one of the few states with No Fault auto insurance law.

This means that if you are involved in an accident, your insurance company will cover your medical expenses, regardless of who was at fault. The at fault party is responsible for covering the property damages.

How to save on Orlando Auto Insurance?

In comparison with other cities in Florida, the residents of Orlando pay slightly more for their car insurance.

That being said, there are a lot of things you can do in order to pay less for your auto insurance.

1. Leave the car at home more often - walk,carpool and biking are all good options. Less mileage means more affordable vehicle insurance and less spent on gas every month.

2. Pay attention on the road- if you have speed tickets or other traffic violations, vehicle in Orlando will not come cheap.

3. Online quotes are your friend - you will be surprised how much you can save if you shop around.

Get free Orlando auto insurance quotes in minutes and see how much you can save today.

Florida No Fault Insurance - What Is No Fault Insurance?

WHAT IS NO FAULT INSURANCE?

Under Florida No Fault insurance each driver would be completely covered by his own car insurance (up to his policy limit), and drivers can not sue another driver regardless of the severity of the accident, the injuries incurred and even in the case of death.

However, no state uses strict form of no fault insurance. In general, no fault is an auto insurance system in which both drivers must carry insurance for their own protection, and their ability to sue other drivers for damages is regulated by certain limitations. States impose these limitations by determining which cases are permitted to go to litigation.

Under this system, drivers may sue for severe injuries and pain and suffering. Some states MI, NJ, NY, and PA use a verbal threshold system, where the severity of the injury is defined in verbal terms (verbal threshold). Florida No Fault Insurance.

Other states use a monetary threshold, a set dollar amount in medical bills and lost wages that must be met before a motorist may sue for damages. Insurers generally favor laws that provide for a verbal threshold on suits instead of a dollar threshold. Setting dollar targets for medical expenses may encourage the submission of fraudulent claims in an effort to reach the total dollar amount whether the expense it justified or not.

WHY THE NEED FOR NO FAULT INSURANCE?

The desire for a new way of handling auto insurance claims rose out of a dissatisfaction with the way in which insurance claims were processed. This dissatisfaction was not only on the part of those purchasing auto insurance, but also on those companies and agencies marketing auto insurance and the state officials regulating it. The issue focused on the often expensive and time consuming process of determining who was at fault in the accident and who was legally and financially responsible.

The delays in determining liability caused legislation to be introduced in many states in the 1970's that allowed victims to recover financial losses such as medical and hospital expenses and lost income from their own insurance companies. This became a forerunner of today's no fault insurance.

The concept of no fault insurance was first widely introduced to the public in the early 1900's. Its two main tenants, stemming waste, inequities, and lengthy delays in the liability system, and providing affordable coverage for medical care and rehabilitation costs had its appeal among the populace. However, the process that was to be put into place to pay for no fault insurance was anything but appealing to the voters.

A pay-at-the pump initiative was introduced as a way to pay for no fault insurance by collecting a fee on gasoline sales. In every state in which the initiative was considered, the plan to tax gas in order to fund no fault was defeated. Legislature in many forms was even introduced at the Congressional level but it never made it to a vote.

HOW DOES NO FAULT WORK?

The 'no fault' part of an insurance plan is usually called PIP, Personal Injury Protection, or it is sometimes referred to as OBEL, Optional Basic Economic Loss. Different state's PIP's cover different aspects associated with personal injury.

Generally, the coverage is related to medical expenses, loss of wages, and compensation for loss of services incurred because of an auto accident. Funeral costs and death benefits are also usually covered.