However, injuries sustained in an accident can cost thousands of dollars without this insurance. In Florida, coverage for uninsured drivers is optional coverage that you can purchase in your own car insurance policy. Uninsured motorist coverage is for you and your family members who live with you and for the people who occupy your car. UM pays you for injuries caused by a car accident in which the at-fault driver is uninsured (uninsured) or underinsured (underinsured) (underinsured).
UM coverage can be used when you, your family members, or the driver of your car didn't cause the car accident. Given the high average price of car insurance with full coverage, it can be tempting to have minimal coverage to lower your car insurance bill. All insurance products are governed by the terms of the applicable insurance policy, and all related decisions (such as coverage approval, premiums, fees and charges) and policy obligations are the sole responsibility of the insurance insurer. Full-coverage car insurance, on the other hand, provides additional safety in the event of an accident by helping to cover the costs of car damage.
Uninsured motorist coverage acts as a safety net if you have a serious accident caused by a driver with little or no insurance. With different safety features, crash test scores, repair costs and other factors, the type of vehicle you drive will affect your car insurance rates in Florida. To find the best rates for different drivers, MoneyGeek analyzed the cheapest rates by amount of coverage and driving history. Having a DUI costs about 63 percent more, while an accident could increase rates about 38 percent above the average cost of car insurance in Florida.
Now is a good time to review your car insurance and make sure you're fully protected with uninsured motorist (UM) coverage. Like most states, Florida requires drivers to have a minimum level of certain types of auto insurance coverage to drive legally. If you are injured or injured in a car accident by one of these uninsured (uninsured) or underinsured (you don't have enough insurance) drivers, you may have to pay for your own injuries out of pocket. Remember that having “full coverage” in Florida doesn't mean you'll be protected if you're injured in an accident.
This is when liability-only insurance or even minimum state coverage may be your best option for the lowest possible prices. However, if you have bad credit, you could have to pay a premium about 100 percent higher than the average cost of car insurance in Florida.