What is the minimum liability insurance coverage required in Florida?

Florida law mandates that drivers maintain specific minimum liability insurance coverage to ensure they can cover damages in the event of an accident. The correct answer is based on these legal requirements, which specify that every driver must carry at least $10,000 in Personal Injury Protection (PIP) and $10,000 in Property Damage Liability (PDL). This coverage is designed to assist with medical expenses resulting from an accident and to cover damages to other vehicles or property.

The significance of this requirement lies in the state's no-fault insurance system, which aims to streamline the process of compensation after vehicle accidents and reduce the burden on the court system. The mandated coverage levels are essential to ensure that injured parties receive compensatory assistance promptly without the need for litigation. Understanding these requirements is crucial for all Florida drivers, as not carrying the minimum required insurance can lead to severe penalties, including fines and license suspension.