Classic Car Insurance for Florida Residents
In Florida, you need to have insurance for your classic car if you intend to register it with the state of Florida and drive it on public roads. The minimum insurance requirements are the same for classic cars as it is for regular passenger vehicles. The coverage must be maintained for as long as the car is registered and has Florida license plates issued to it. Classic car insurance is specifically designed for older cars on the road that need special protection and increase in value. A representative from The Wurzel Agency in Oviedo, FL, can sit and go over your coverage options with you to make sure you have the proper amount of coverage you need.
The minimum insurance coverage requirements for registering a classic car in Florida are:
- $10,000 in personal injury protection coverage.
- $10,000 in property damage liability coverage.
What Does this Mean?
- Personal Injury Protection (PIP) is used to cover costs related to injuries you suffer in the accident even if you caused the accident because Florida is a “no-fault” state. Your PIP insurance covers you, household members, and other passengers who don’t have a PIP policy of their own. This insurance also covers you when you are in an accident involving a vehicle regardless if you are a passenger, bicyclist, or pedestrian when the accident happened.
- Property Damage Liability (PDL) insurance covers the costs associated with any property damage that occurs to another person’s property in an accident. PDL covers you and any members of your family who are driving your car.
These are the minimum requirements to make it legal to drive your classic car in Florida, but the requirements do not necessarily provide you with sufficient financial protection in case of a severe accident. Your medical and economic costs could very easily exceed the minimum limits, and if you do not have the right amount of coverage, you will likely have to pay the additional costs yourself.
Call us at The Wurzel Agency in Oviedo, Fl. We will go over everything you need to know to make sure you have a classic car insurance policy that provides the financial protection you need.