Affordable Insurance for Florida Auto Dealers
Managing a used auto dealership in Florida can be demanding, and keeping insurance costs low is crucial. Insured ASAP specializes in providing affordable auto dealership insurance solutions that don’t compromise on coverage. Our cost-effective plans ensure you get the protection your dealership needs without stretching your budget. With competitive rates and tailored coverage, you can safeguard your business while keeping insurance expenses in check.
Required Auto Dealership Insurance Coverage
If you’re in the process of starting your new used auto dealership in Florida, or renewing your current dealer license, the State of Florida requires a certificate of insurance to be attached.
Minimum coverages required by Florida law to obtain a motor vehicle dealers license are:
- Surety Bond (Dealers Bond) – $25,000
- Garage Liability Insurance including bodily injury and property damage – $25,000 Combined Single Limits
- Personal Injury Protection (PIP) – $10,000
Optional Auto Dealers Insurance Coverages:
While these insurance coverages are optional for your used auto dealership, our agency recommends Florida car dealerships to discuss the following with their agent:
- Commercial General Liability
- Commercial Property Insurance
- Contents Coverage
- Dealers Physical Damage – Open Lot Coverage
- Garagekeepers Legal Liability
- False Pretense Coverage
- Cyber liability
- E&O (Errors and Omissions)
- Workers Compensation
- Motor Vehicle Dealers Bond
Ready to save time, aggravation, and money?
Insured ASAP partners with top Florida garage dealers insurance providers to deliver exceptional coverage and the lowest dealers insurance costs. As a leading expert in the field, we proudly service key cities including Jacksonville, Miami, Tampa, Orlando, and beyond. Click the button below to get started with your business insurance comparison, and find out what it’s like to do business with an independent agency who truly cares about its clients.
For more information on Florida auto dealers and dealership licensing, visit: https://www.flhsmv.gov/motor-vehicles-tags-titles/dealers-installers-manufacturers-distributors-importers/
