Florida has the unfortunate distinction of being ranked the worst state in the country to be in a car accident, at least as far as potential financial impact. The rating is based on a study by the website WalletHub, which provides financial information and tools to help people "make better financial decisions and save money." That study looked at the percentage of drivers who are uninsured and car insurance requirements.
According to the managing editor of WalletHub, Florida has "the worst combination" of uninsured drivers and low requirements for those who do purchase insurance. The study found that close to a quarter of drivers in our state are uninsured. That means the chances of being involved in a car crash caused by someone who has no insurance or doesn't have enough to cover the costs of your vehicle damage and medical costs are greater than anywhere else in the country.
Florida's minimums for required liability coverage are lower than in those in many other states. Drivers are required by law to have $10,000 of coverage for each person involved in an accident and $20,000 for all parties' injuries. Required coverage for total property damage resulting from an accident is just $10,000. Florida also requires drivers to have personal injury protection.
Of course, if you are involved in an accident caused by someone who does not have even the required minimum amount of insurance, the financial impact on you and your family could be devastating. Floridians can help minimize that impact by adding insurance coverage for uninsured motorists as well as underinsured motorists.
People who are the victims of car crashes that are the fault of underinsured or uninsured motorists may be able to recoup some money by filing a civil lawsuit. A Miami personal injury attorney can provide guidance on the best step to take.
Source: South Florida Business Journal, "Florida is the worst state to get into a car crash" Nina Lincoff, accessed Mar. 18, 2015