Talk of The Villages Florida - View Single Post - Car insurance rates just had their biggest annual jump in 47 years.
Thread: Car insurance rates just had their biggest annual jump in 47 years.
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Old 09-15-2023, 08:24 AM
threefootputt threefootputt is offline
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Originally Posted by retiredguy123 View Post
My liability insurance coverage is less than half of my total premium with State Farm, and I have $1 million in liability coverage. I have no uninsured motorist because it is optional in Florida, and I would never file a claim under that coverage.
A 2023 study (msn.com/en-us) estimated 20.4% of Florida drivers are uninsured (or underinsured). If you are involved in an accident with an uninsured motorists your only recourse for recovery is through your uninsured or underinsured motorists coverage. The lack of uninsured motorists coverage, combined with the fact that bodily injury coverage is NOT required in Florida, could be a financially devastating consequence.