Different states have different requirements for the state minimum of auto insurance coverage. The minimum requirement to obtain a Florida license plate in Miami Beach, FL is $10,000 personal injury protection and $10,000 property damage liability. To determine if more coverage is needed, one must understand what Miami Beach, FL minimums include.
The personal injury protection insurance, or Florida No Fault Insurance, covers you regardless of fault, up to the limits of your policy. That also covers children, members of one’s household, and certain passengers, who lack PIP insurance, as long as they do not own a vehicle. Personal injury protection covers people even when they are not in their vehicle. It even covers your children if they are injured on a school bus. There is also bodily injury liability insurance. That pays for serious and permanent injury or death to others when you cause a crash that involves your vehicle. Even when driving someone else’s vehicle, you are covered, and it covers others who drive your vehicle with permission.
There is also property damage liability insurance that pays for damages you or your members of your family cause to other people’s property in a crash that involves a motor vehicle. Every state has the minimum coverage that is needed to drive a vehicle, but that does not mean one should stop there. There are other great coverages that can be added to your policy that will help to cover you in other situations, and that will make the out of pocket amount less. In the end, it is always better to be safe than sorry.