How often must Florida auto insurance policies be renewed?

In Florida, auto insurance policies are typically renewed on an annual basis. This means that the policyholder is required to renew their auto insurance coverage every year to maintain continuous coverage and comply with state law. This annual renewal process allows policyholders to review their insurance needs, update their coverage options, and ensure they are still receiving competitive rates.

Some insurers may offer a payment plan where customers can pay premiums in installments throughout the year, but the fundamental requirement is still that the policy itself is renewed every twelve months. This structure helps in ensuring that drivers are consistently protected under state regulations, and it also encourages regular reassessment of the insured's needs as they can make adjustments based on changes in their circumstances.

While a bi-annual renewal might seem convenient, Florida laws mandate that a renewal occurs at least once every year, hence making the correct answer 'annually.'