The minimum car insurance requirement in Florida is $10,000 in PIP insurance and at least $10,000 in property damage liability insurance if you own your vehicle. However, if you lease or finance a vehicle, dealers require $100K in coverage for bodily injury per person, $300,000 for bodily injury per accident, $50,000 for property damage liability insurance, collision, comprehensive and a minimum of $10,000 in PIP coverage.
Florida Car Insurance Requirements
Updated: January 19, 2025
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Key Takeaways
If you own your vehicle and use it for non-business purposes, you’ll just need Florida minimum requirements, but if you are leasing or financing, the lender sets coverage requirements.
Requirements for commercial vehicle insurance in Florida differ widely from personal vehicles and depend on your vehicle.
How much car insurance you should get in Florida depends on what you can afford, the risk of your typical driving behaviors, the value/use of your car and the area you live in.
What Is the Minimum Car Insurance Required in Florida for Personal Vehicles?
Additional Florida Car Insurance Requirement Laws for Personal Vehicles
In addition to the minimum coverages, you must maintain the following according to Florida Law:
- Have continuous coverage, even if the vehicle is inoperable or not being driven
- Purchase from an insurance carrier licensed to sell policies in the state
- Have a Florida license and your car registered in Florida. This also counts for non-residents who work in the state or enroll their children in Florida public schools. You need at least minimum coverage within 10 days of beginning employment or enrolling your children.
If you are unable to follow these laws and the requirements stated in the previous section, your driver's license and registration may be suspended, and you may be required to pay a reinstatement fee of up to $500. If you are reinstating your license and registration, you must file for an SR-22 to certify that you have at least the minimum required coverages in order to drive legally.
SATISFYING REQUIREMENTS WITH SELF-INSURANCE
If you meet state requirements, you can choose to self insure yourself rather than getting a policy from an auto insurance company. Regardless of whether you are a single person, business or transport for hire, you must show an unencumbered net worth of $40,000, meaning you own that much in value free and clear of any debt. The requirements differ slightly depending on the entity being insured, so we recommend clicking the links for each to find out more information about requirements and how to apply if you are interested.
Is Florida’s Minimum Car Insurance Enough?
In most cases, Florida’s minimum car insurance requirements are not enough to financially protect you if you are in an accident. According to the Insurance Information Insitute, claims for bodily injury on average in 2023 were $26,501, which is well over minimum coverage limits. While injuries may be covered by PIP and Property Damage Liability limits, if you are at fault, you could be on the hook for legal costs if injuries caused exceed minimums and would have to pay for any repairs for your vehicle out of pocket.
FLORIDA NO-FAULT CAR INSURANCE LAW
Florida is a no-fault state, which means all medical expenses are paid from each person’s insurance, regardless of who is at fault. However, this does not include property damage, which is paid for by the at-fault driver. That said, a driver may sue the at-fault driver if medical damages are over policy limits, if the at-fault driver is uninsured and if there is permanent personal injury or death involved.
Use our calculator to see how much auto insurance you’ll personally need and to compare pricing.
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Florida Auto Insurance Requirements: Bottom Line
While Florida only requires $10,000 for both property damage liability and PIP insurance, this is often not enough for most drivers. If you are using a vehicle for business purposes, these differ drastically and you may need to get both a personal and commercial auto policy. Regardless, before making a decision, we recommend finding out your unique coverage needs first and then comparison shopping with multiple providers to get the best deal.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.