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?

Answer
“To legally drive on the road, you must carry Florida’s required minimum car insurance. 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 can provide you with competitive quotes in under a minute.
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Emily Maracle
Answered on May 10, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.
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