Understanding Auto Insurance Coverage in Florida

Vilardi Financial Center provides an easy, stress-free way to navigate auto insurance. When you work with us, we’ll give an overview of your coverage options and share valuable resources to help you make informed decisions.

Typically, auto insurance in Tampa includes the following:

• Personal Injury Protection (PIP): Florida’s PIP coverage may help you pay for medical-related expenses and lost wages if you or your passengers become injured from a car accident, no matter who’s at fault. There are some exceptions to the no-fault rule if significant or permanent injuries are sustained and one party wishes to sue the at-fault driver.
• Property Damage Liability (PDL): PDL coverage may cover damage you cause to someone else’s property in an accident. Florida law requires you to have a minimum of $10,000 in both PIP and PDL coverages.
• Additional coverage options: You can explore other coverage options, such as Bodily Injury Liability and Collision coverage, for added protection. Investing in Roadside Assistance coverage may help you pay for fuel delivery, lockout assistance, tire changes and towing in certain situations.

Tips for Reducing Your Auto Insurance Premiums

Florida loves to reward good drivers — if you maintain a clean driving record with few accidents and violations, you might be able to reduce premiums for your freeway insurance in Tampa or nearby areas. Some other ways to lower your costs may include:

• Bundling your insurance: Our company offers comprehensive insurance coverage options to protect your vehicle, home, health, family and personal assets. Our experts can discuss ways to fulfill your insurance needs with cost-effective plans.
• Opting for higher deductibles: You may be able to lower your auto insurance premiums if you opt for higher deductibles. We only recommend this technique if you’re prepared to pay out-of-pocket expenses for claims.
• Considering the type of car you drive: Do you drive a luxury vehicle or sports car? Vehicles requiring more expensive repairs or higher replacement costs than standard models may cause you to have higher auto insurance premiums — this is one factor to consider when strategizing how to lower auto-related expenses.
• Incorporating vehicle safety features: New and high-value vehicles usually cost more to insure, but you can offset some of the expenses with safety features that help limit liability exposures and bring down your liability rate, such as cameras and automatic braking.
• Taking a defensive driving course: In addition to improving your driving skills, taking defensive driving classes may offer financial savings. Our professionals can provide tailored advice to help you save on your insurance policy.