The State of Florida has the Financial Responsibility Law and the No-Fault Law. Under the Financial Responsibility Law, all vehicle owners must provide proof of insurance. The insurance shall cover the injuries, death and damages their vehicles have caused in case of accident.

The minimum requirement of coverage is $10,000 for bodily injury liability for one person, $20,000 for bodily injury liability for two or more people and $10,000 property damage liability. Failure to have the minimum amount of car insurance for Florida may result in revocation of your license and tags/registration for a maximum of three years. In such cases, you will be notified by mail the date of your suspension. You can then purchase insurance before your suspension date and you insurance company will then notify the DHSMV through the SR-22 form. It is better not to wait for your license to be suspended since you will then have to pay $150 for reinstatement fee.

Under the No-Fault Law, all vehicle owners are required to have their insurance coverage, before they can register the car or get a license plate. So you must first obtain insurance for it from any of the licensed insurance providers in Florida. The Department of Motor Vehicle (DMV) will be informed by your insurance provider the status of your policy, including renewals, failure to renew and cancellation. In case of cancellation of your policy, the DMV will notify you to show proof of policy. Your license may be suspended for a maximum of three years if you fail to provide the proof within the allotted time. The minimum requirement coverages, under the No-Fault Law are: $10,000 for personal injury protection and $10,000 for property damage liability.