Your first new car. You sign the loan or lease agreement and get your keys, eager to hit the road with your new investment in mobility. Especially if your previous car was a beater, this can be a watershed moment for you. Insurance Warehouses of America can help you with this. We serve Orlando, FL and we can serve you.
First New Car? Steps To Take
If you look for the smallest car that can fit your family, you’ll save money. Not only up front but in the long run. Up front, an average compact SUV runs more than $10,000 more than the average compact car, and that’s before the additional price in fuel and maintenance that an SUV will charge you (a typical gas-powered compact SUV will get 14-23 miles per gallon, while a typical compact car will go around 24-35 mpg). Cars are simply less expensive, both up-front and in the long run than SUVs.
It doesn’t have to be new-new
Many dealerships now sell “certified preowned” cars. These are lightly used vehicles that have no damage or mechanical flaws but have technically been used before. Many certified pre-owned vehicles are closeouts from the previous model year. This can be a great way to get a car that looks, feels, and drives like a new car without the price hit and depreciation costs of a brand-new vehicle.
This is generally automatic. In many states, the dealer will not let you drive off the lot unless you have insurance for your new car. If possible, shop for your new car insurance before you ever set foot on the lot. If you’re shopping for a new car in the Orlando, FL area, talk to Insurance Warehouses of America so that we can help you get the best rates on your new car.
Florida is a no-fault state. It also has limits on the amount that you can sue the driver who is responsible for an accident. At Insurance Warehouses of America in Orlando, FL we know that no-fault can be very confusing, and we are here to help our customers and potential customers understand what coverage they need and also what options they have.
Why basic auto insurance may not be right for you
In Florida, the basic amount of auto insurance that you must have is $10,000 in PIP and a minimum of $10,000 in PDL. PIP is personal injury protection which will pay for injuries that you sustain in an auto accident. PDL is property damage liability, which is what will be paid for damage to someone else’s property.
When you think about what a hospital stay can cost, you realize that $10,000 is about what one visit to the emergency room can cost. An extended hospital stay could run into hundreds of thousands of dollars. With the current cost of vehicles, $10,000 doesn’t go very far either. If you don’t want to end up owing massive amounts after an accident, basic auto insurance may not be enough to protect you.
For those who have an auto loan or a lease, basic insurance will not be acceptable. You will also need to carry collision and comprehensive to protect the vehicle.
Get The Right Insurance Coverage For Your Vehicle Today
Even if you don’t have an auto loan, collision and comprehensive coverage may be something you need. It will help to repair or replace your vehicle if it is damaged in an accident or by much other non-accident damage. Comprehensive will also cover the theft of your vehicle. If you count on your vehicle, it is important to make sure it is protected.
Contact Insurance Warehouses of America in Orlando, FL for help with all your auto insurance needs.
If you just moved to Florida, you discovered how differently it handles its auto insurance requirements from other states. Living in Orlando, FL has its joys and its quirks, and insuring your auto definitely falls under the quirky. Insurance Warehouses of America is here to provide you with expert advice.
Other states in the US require drivers to carry liability insurance covering bodily injury or death and property damage. Some also require personal injury protection (PIP).
Florida Minimum Auto Insurance
In Florida, you’ll need to carry a policy that provides at least $10,000 in PIP and $10,000 in property damage liability (PDL). The difference stems from Florida’s designation as a no-fault state. That means that whether you caused the accident, or the other driver did, you will each pay your own medical costs.
Your PIP coverage does this. It will also cover the passengers you have with you in the vehicle when you incur an accident. Any damage to your vehicle, PDL covers.
It’s Different if You Drive a Taxi
In Florida, the driver of a taxi must carry different insurance than an individual driver with a non-commercial license. To insure their taxi, a taxi driver must carry PDL coverage of at least $50,000 and at least $125,000 per person in bodily injury liability (BIL) coverage, but twice that amount – $250,000 per accident.
Contact Insurance Warehouses of America
Don’t drive the roads of Orlando, FL without auto insurance. Contact us to obtain the auto insurance you need to protect yourself financially and comply with Florida state law. We can help you customize your insurance to also include comprehensive, collision, roadside assistance, and to add to your BIL or PIP coverage. Call us today.
Insurance Warehouses of America assists the Orlando, FL community. We strive to ensure that our clients are protected in every situation that life brings their way. For over 15 years, we have helped our clients find the policies they need to protect their assets. We have relationships with multiple carriers throughout the state.
Auto Insurance Policy Guide
Auto insurance adds a layer of protection as you travel around completing daily tasks. Your vehicle is covered if you are involved in an accident. Collision coverage will help you take care of the damages. If you are ruled to be responsible for the damages, liability coverage will protect you. Liability coverage also protects you if you accidentally injure someone with your vehicle. Comprehensive coverage protects you in unique ways. You are covered if your vehicle is stolen. Perhaps you are driving on the freeway, and you make an impact with a deer passing through. If your windshield or mirror is damaged, comprehensive coverage will protect you. Orlando, FL is known for its severe weather at times. Comprehensive coverage protects you if your vehicle suffers damage from a local hurricane.
If you plan to modify your vehicle, you can add modified coverage. This type of coverage fully protects any upgrades that you’ve made to your car if you are involved in an accident, or your car gets stolen. Emergency roadside coverage is a safety net if you enjoy taking road trips. Things can become very uncomfortable if you’re 2 hours away from home, your battery dies, or your engine has trouble. Emergency roadside coverage ensures that you will receive immediate service for your issue to get back on the road as soon as possible.
Insurance Warehouses Of America Will Help You Protect Your Assets
Contact us today to learn more information about auto insurance.