How much auto coverage do I need if I am 19 and don't have any assets in Florida?
I'm 19 and just got a car. I don't have any real assets yet, so I'm wondering what a suitable amount of insurance is. If I was in an accident and didn't have enough coverage, could they go after my parents?
. However, having the minimum coverage does not mean you are protected, and the limits are often exceeded in accidents.
You should ideally carry the highest level of coverage you can afford. Even though you currently don’t have any assets, you’ll want to think about any future assets you may have.
Although Florida is a no-fault state, you could still be sued if at fault and underinsured in an accident. If you aren’t able to pay, your wages could be garnished.
While another party may pursue you after an accident, you don’t need to worry about your parents’ assets being affected.
You should decide what you can afford and shop around with various carriers. If you’re looking for a new insurance company,
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.