Driver

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Drivers Education

• Vehicle Insurance

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What kind of Insurance do you need in Florida?

• In Florida there are two vehicle insurance laws,
  the Financial Responsibility Law and the No-Fault
  law.
• This first law requires vehicle operators to be
  financially responsible for damages injuries
  they cause
• This requires you to have bodily
• injury liability insurance at the
• time of the infraction

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1. In most cases if you dont have the proper
   liability insurance your license will be
   suspended for up to 3 years, plus fines.
2. Additionally, if you are the driver or owner of a
   vehicle involved in a crash that is your fault,
   the department can require you to pay for damages
   before you get your driving privileges back
3. No-Fault insurance is a system in which the
   insurance company pays your medical bills
   resulting from a collision related-injury

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1. Its called No-Fault because blame is not
   considered before the insurance company pays your
   bills
2. However, in serious injuries, the injured party
   can still go to court and sue the person
   responsible for damages

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What factors affect cost of Insurance?

1. You purchase insurance by paying a premium or set
   amount, usually every 6 months
2. Companies will determine their rates based on
   statistic. They use age, gender, or martial
   status to determine the likelihood that someone
   will be involved in an accident

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Factors affecting your Premiums

1. Your Age - Those under the age of 25 pay the
   highest
2. Your Driving Record - Traffic violations,
   collisions and insurance claims can increase the
   cost of your insurance.
3. Some companies will give discounts for drivers
   who go months or years without a collision or a
   ticket.

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• 4. Mileage per year - The farther you drive the
  more your insurance will cost you
• Your gender - Women will pay lower insurance
  rates. Stats show that men drive more often,
  farther are involved in more collisions

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1. Your Marital Status - Young married men pay less
   than single men of the same age. Stats show that
   the married men are involved in fewer collisions
2. The Value of your Vehicle - the more expensive
   your vehicle the higher the cost of your
   insurance (cost to fix it is higher)
3. Type of Vehicle - SUV cost more because of the
   risk of roll-over

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1. Some insurance companies will offer a discount
   for drivers who complete a driver education
   program
2. Some companies offer discounts to drivers with
   grades of B or higher
3. Companies also give discounts to drivers of cars
   with air bags, antilock brakes, alarms and
   drivers who park their cars inside a garage

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FYI
Typically insurance companies will only pay
damages up to a vehicles book value. This
is usually far less than what an owner thinks the
vehicle is worth. Special or custom equipment
may not be covered unless it was specifically
stated in the insurance policy.