Florida no fault auto insurance repeal effort launched once again

florida no fault car insurance

A new proposal is headed to the state Legislature in 2018 after having undergone lengthy discussion. Senator Tom Lee (R-Thonotosassa) filed SB 150 in the hopes of repealing the no fault auto insurance system in Florida. The current law requires drivers in the state to carry $10,000 in personal injury protection (PIP) coverage. Senator Lee seeks to replace the PIP coverage with a requirement for bodily injury and medical payment coverages. Lawmakers have tried several times to repeal the no fault auto insurance system over the last few years. They…

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Florida auto insurance costs more than coverage in most other states

Florida Auto Insurance

Research has shown that car coverage in the state costs up to 25 percent more than the U.S. average. According to newly released data from Insure.com, drivers in Florida are still facing very expensive auto insurance, to the point that they are paying up to 25 percent more than the average across the rest of the country. The report on the data analysis determined that Florida is the eighth most expensive state in the U.S. The average amount paid for auto insurance premiums in Florida was $1,654. When compared to…

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New legislation in Florida aims to close ride-share auto insurance gap

auto insurance car ride share uber lyft

Senator Simmons introduces new insurance legislation to address ride-share concerns in Florida New auto insurance legislation concerning ride-share companies, such as Uber and Lyft, is making progress in Florida’s legislative process. The legislation, sponsored by Senator David Simmons, is heading for the state’s Senate, where lawmakers will determine its feasibility and whether or not it is a good fit for the state. According to Senator Simmons, the legislation is a work in progress and changes may be made to it in the future. Lawmakers are becoming increasingly concerns of potential…

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Florida may do away with its no fault auto insurance system

expensive auto insurance policy car

No fault system could come to an end in 2019 Florida lawmakers are considering putting an end to the state’s no fault auto insurance system. New legislation could put an end to this system in 2019 and is meant to address the increasingly problematic issue of insurance fraud. Insurers have faced fraud in the state for some time, with some suggesting that the no fault system is to blame. Fighting fraud is becoming a major priority for state officials, who want to see premiums come down for the state’s drivers.…

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Legislation targets auto insurance and ride share services in Florida

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New legislation will place auto insurance requirements on ride share companies New legislation in Florida could affect the way ride-share companies receive auto insurance. Companies like Uber and Lyft, which providing transportation services with the aid of mobile apps, have been at the heart of debate concerning issues in the auto insurance sector. These companies typically meet the minimum requirements but are not technically required to do so because of the way they operate. The new legislation would codify existing standards, ensuring that companies like Uber and Lyft are required…

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Auto insurance confusion leaves some snowbirds uninsured

auto insurance ride share program

For those who drive south throughout the winter, it’s important to remember state coverage regulations. New information has been released from NerdWallet.com, a consumer financial info provider, which has revealed that snowbirds who drive to warmer states throughout the winter may not have the auto insurance coverage they need as they move from one region of the country to the next. Every year, there are about a million people who head to Florida and Arizona receives another 300,000. While these snowbirds move from Canada and more northern states using their…

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Uber auto insurance bill makes its way through the Florida Senate

Florida Auto Insurance

A new plan has focused on app-based ride sharing transportation services. An auto insurance plan that concentrates on the coverage requirements for app-based ride sharing transportation services such as Lyft and Uber has now made its way through the Senate and has now stepped into the House in Florida. In the Senate, the ride share insurance bill, SB 1298 by Senator David Simmons, was passed by a vote of 28 to 12. The bill requires that these transportation network companies (TNC) that offer ride share programs, will need to obtain…

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