As part of Florida's auto insurance laws, the state adheres to a minimum limit of 10/20/10. All insured individuals receive: $10,000 of bodily injury coverage per person No more than $20,000 paid per accident $10,000 of property damage coverage per accident Pros and cons of no-fault insurance Understanding Florida's no-fault insurance laws is better done with a simple pro and con list. Here's a basic breakdown of why no-fault auto insurance laws help and hinder drivers. Pros Quick payouts Medical coverage claims are processed faster Other crash-related expenses, such as child care and household services, may be covered Dealing with the aftermath of a car accident is less stressful Cons Higher premiums You can only file a lawsuit if you've suffered permanent injury The driver who caused the accident typically faces fewer insurance penalties