How Speeding Can Diminish a Car Accident Claim

Florida is a no-fault state, which means that if you get into a car accident in Florida, your insurance policy provides compensation, regardless of who was at fault. Many people interpret this to mean that they can speed without any consequences. However, that is a dangerous belief that can diminish the value of your car accident claim.

Comparative Negligence

While your insurance policy initially compensates you for medical bills or lost wages, it may not cover everything. And if you are seriously injured, you can sue the at-fault party for additional compensation. However, if you are speeding, it is more likely you are the at-fault party. 

In Florida, the fault is determined as a percentage. If you are more than 50% responsible, you lose your right to sue. And even if you aren’t, your compensation will be reduced by the amount you are responsible for. This means that speeding could cost you money in a lawsuit.

Insurance Premiums

The insurance company can’t use your speeding to deny your coverage, but it can use it to raise your insurance rates. And if it determines that your speeding caused the accident, your premiums could easily increase more than you receive in compensation.

Nearby States

Florida is a no-fault state, but Georgia and Alabama are not. If your travels take you out of state, speeding could make you at fault for the accident. And if you get into an accident in those states, being the at-fault party significantly impacts the value of your claim. 

Few people can change their habits just because they crossed state lines. It is better to be in the habit of not speeding.

Contact Shrader Mendez & O’Connell Today

If you were involved in a car accident, contact our law firm right away at (813) 360-1529 to speak to a lawyer who will help recover money for your accident.