What are the minimum liability limits specified by Florida law?

In Florida, the minimum liability limits for automobile insurance are established to ensure that drivers have sufficient coverage in the event of an accident. The correct option reflects the minimum liability limits of $10,000 for bodily injury per person, $20,000 for total bodily injury liability per accident, and $10,000 for property damage liability. This is commonly stated as the 10/20/10 formula.

Choosing this specific limit is essential as it represents Florida's efforts to protect both drivers and victims in the event of a traffic collision. By mandating a minimum level of liability coverage, the state aims to reduce the financial burden on individuals who may suffer losses due to accidents caused by underinsured drivers.

The other options do not align with Florida's statutory requirements, as they either indicate lower coverage amounts or different structures that do not reflect the state's established minimums. Therefore, understanding the 10/20/10 limits is crucial for anyone seeking to comply with Florida law regarding auto insurance.