In Florida, auto insurance is a legal requirement for driving a vehicle and serves to protect individuals from financial loss due to accidents or theft. Florida is a "no-fault" state, meaning your own insurance company covers your injuries and damages regardless of who caused the accident, but it's also a comparative negligence state, so each party can share in the negligence. 

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Here's a more detailed breakdown:

1. Required Coverages:

• Personal Injury Protection (PIP):

  This coverage pays for medical expenses, lost wages, and other related costs for you and your passengers, regardless of who is at fault. 

• Property Damage Liability:

  This covers damage you cause to other people's property (e.g., their vehicle) in an accident. 

• Bodily Injury Liability:

  While not required, it's strongly recommended for extra protection. It covers the cost of medical expenses and other damages for injuries caused to other people in an accident you caused, says the Zebra. 

2. No-Fault System:

• Florida is a "no-fault" state, meaning that regardless of who is at fault in an accident, your own PIP coverage will pay for your medical expenses and lost wages.

• This can make it easier to get your necessary medical care and lost wages paid without having to file a claim against the other driver. 

3. Comparative Negligence:

• Even though it's a no-fault state, Florida is also a comparative negligence state. This means that if you are partially at fault in an accident, the amount your PIP and other coverage will pay may be reduced accordingly. 

4. Minimum Requirements:

• Florida law requires drivers to carry a minimum of $10,000 in property damage liability coverage. 

• While not required, it's recommended to carry at least $10/20/10 bodily injury liability insurance. 

5. Additional Coverages:

• Collision Insurance:

  This covers damage to your vehicle if it's in an accident, even if it's your fault. 

• Comprehensive Insurance:

  This covers damage to your vehicle from non-traffic related incidents, such as hail, fire, or theft. 

• Uninsured/Underinsured Motorist (UM/UIM) Coverage:

  This protects you if you're injured by a driver who is uninsured or has insufficient coverage, says NerdWallet. 

• Medical Payments:

  This coverage pays for medical expenses, beyond what's covered by PIP, for injuries you and your passengers suffer.