Florida Gets The Third Highest Rate of Uninsured Drivers

The latest study done by WalletHub has made a population comparison of the uninsured drivers among all the fifty states in US.  The result revealed that state of Florida got the third highest rate of uninsured drivers all over US. Florida came in about 16.5% of uninsured rate.  Alaska surpassed Florida with 17.2% and Texas with whooping 19.1%.  The findings of WalletHub also showed that South Florida, in particular, had the rate of approximately 19% uninsured drivers.

What should be learned from this study?

How does uninsured motorist coverage of your car insurance policy start to take effect? It happens if you and your passengers got injured due to collision done by a driver without bodily injury liability insurance coverage, or if the driver has no sufficient amount of bodily injury liability coverage.  If there’s no uninsured motorist coverage, you may become personally accountable for all the expenses and hospital bills.

What does uninsured motorist coverage cover? It covers specifically the following: medical expenses, disability, suffering, pain, medical expenses, future medical expenses, loss of wages, future wage loss, and other related expenses.

Your uninsured motorist coverage in Florida goes with you.  So it simply means you get the insurance protection in case of losses even though you’re outside your own car.

Car insurance providers in Florida are required to provide uninsured motorists coverage when issuing quotes. Nevertheless, this coverage can be rejected because it isn’t a requisite.  The good advice is that if you decide to have this coverage and it’s essential for different autos, you are required to get similar limits for every car you own. Furthermore, the limits in the coverage are not allowed to go beyond the restrictions of your bodily injury liability coverage.

What should you do?

Don’t take this thing lightly and avoid procrastinating.  It’s important to examine your latest car insurance policy by asking help from a professional insurance agent.  To confirm that you are protected as well as your family, make sure that your uninsured motorist coverage has sufficient protection.

How much is enough for uninsured motorist coverage?

Each individual’s situation differs from the other and provides a different coverage protection. For instance, being single, married, or with kids has something to do with the amount to be paid for the coverage.  These aspects can influence how much is enough for your uninsured motorist coverage you can count on for your protection.

Coverage limits

Typically, the limits of uninsured motorist coverage are the following:

  1. $10,000/$20,000
  2. $25,000/$50,000
  3. $100,000/$300,000
  4. $300,000/$500,000

Let’s elaborate the above limits.  If the amount of your coverage limit is $10,000/$20,000, it signifies that your car policy covers a maximum amount of $10,000 for each individual and $20,000 on each accident for the two parties involved. The same rule applies for $25,000/$50,000 and the succeeding coverage limits.

How should Florida residents take this?

Residents of Florida are in a big threat because there are more commuters who don’t have auto insurance.   If you get into car accident with an uninsured motorist, you will only rely on your insurance to pay for all the incurred damages. This is where the role of uninsured motorist coverage comes in.  This is the main reason why this specific coverage should not be overlooked and be incorporated crucially in your auto insurance policy.

Don’t overlook this important aspect of your car insurance. Don’t hold this when buying a policy. Not buying this essential coverage may end up to losses and unfortunate outcomes.

To get more information about uninsured motorist coverage in Florida, please contact us at DMG Insurance and Financial Services, Inc. (http://www.dmginsurance.com) at 543 N State Road 7, STE 106, Royal Palm Beach EL, 33411, phone 561 422 7071, Fax 561 422 7072.

Florida Gets The Third Highest Rate of Uninsured Drivers

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