The 50-year-old former NY Giant great was charged with "leaving the scene of accident/property damage" by the Florida Highway Patrol just before 10 p.m.
According to the FHP, officers responded to a report of a hit and run on the Palmetto Expressway at 103rd St. just after 6:30 p.m. The officers searched the next exit and found Taylor driving a white car that matched the description of the car involved.
Officers spoke to Taylor, who said he was involved in an accident but thought he'd hit a guard rail, not a car. The officers didn't suspect Taylor was drunk so he was not given a field sobriety test.
Taylor was later released on $500 bond.
It wasn't the first arrest for the former linebacker and "Dancing with the Stars" contestant. Suspended from the NFL in the '80s for failing two drug tests, L.T. was arrested twice for trying to buy cocaine from undercover cops after his retirement in 1994.