FR44 Insurance in Florida: Smart Tips and Helpful Hints

It has only been since 2008 that Florida requires FR44 insurance for their DUI drivers. Many agents and most consumers are unfamiliar with this policy type. The information here is not well-known and is invaluable to convicted drivers. Securing a lower cost policy and getting your license reinstated quickly is not a problem when you have the right information.

Many companies desire these polices. As a risk group, DUI drivers in Florida have recently proven to be especially profitable for insurance companies. This new realization comes about due to the ease of identifying and assigning results exclusive to DUI drivers because, they are the only ones that require FR44 insurance. Prior to 2008, DUI drivers were included with all other high risk drivers and required Florida SR22 insurance.

The State requirements for FR44 insurance policies, such as elevated liability limits, non-cancel provision, and others, are such that help make … Read More

Read More

Florida FR44 Insurance Companies Include Key Policy Discounts

For a variety of reasons car insurance policies include substantial discounts for; high liability limits, paying in advance, and having prior coverage. Policyholders that qualify, or select these options, display behavior that has been identified as profitable for insurance companies. In addition to the favorable behavior, there are technical details why premiums can be reduced for these features. Even though a DUI driver is mandated to take high limits, pay in full, and maintain an active policy, via Florida FR44 insurance, the associated policy discounts still apply.

Discounts for high liability limits come about for two main reasons. First, most policyholders that decide on high limits are careful and responsible consumers, and they drive their car the same way. Second, liability rates per thousand of coverage, decreases as limits are increased. The diminishing rates are due to administration costs being the same for each policy, and claim payouts which are … Read More

Read More