Tag: florida Auto insurance premiums

Is Florida also headed toward an auto insurance crisis?

Logan B.
Auto insurance - Crisis coming to Florida

The state is already teetering on the edge in its property coverage sector, but are vehicles next? Florida has long contended with challenges in its auto insurance industry due to the way the laws in the state open the door to fraud and widespread litigation, both of which are highly costly to insurers and, therefore, to drivers who must pay higher premiums every month. Among the issues driving this problem include the activities of certain glass repair shops and lawyers. A recent The Washington Post report has pointed to a…

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Florida now tops the list for the most expensive auto insurance rates in the country

Logan B.
Auto Insurance - Welcome to Florida Sign

According to a new Coverage.com study, Floridian drivers pay the most in the US for policies. Florida motorists are now the drivers who pay the most for their auto insurance policies every year, according to a recent study. Residents in the state pay an average of $2,600 per year for a year of coverage, more than any other state. Comparatively, the state with the most affordable auto insurance was Maine, where the average driver paid $831 per year. Based on data from The Zebra, an independent comparison website for insurers…

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No-fault auto insurance system debate returns to Florida House

G. Turner
No-fault auto insurance system - car crash

Replacement legislation would remove personal-injury protection in favor of bodily injury coverage. Once again, Florida’s no-fault auto insurance system has made its way back to the House and faces potential demise. This, despite concerns voiced by the industry suggesting that this move by the Legislature may not reduce premiums. Critics warn that removing the current system risks increasing health insurance rates and lawsuit numbers. Earlier this week, the House Insurance & Banking Subcommittee backed HB 771. That measure would replace the current mandatory components of the no-fault auto insurance system…

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Auto insurance changes in Florida may not lower premiums

Julie Campbell
florida no fault car insurance

Alterations to PIP may not bring relief to drivers’ wallets. The Florida no fault auto insurance program has just experienced a number of alterations in the hopes that the residents of the state would face lower premiums resulting from the crackdown on fraud. Fraudulent claims have been rampant in the state, driving rates ever upward. Governor Rick Scott and the lawmakers in the Republican party have promised that no-fault insurance premiums will slide as a result of these efforts. However, a company that was hired to perform an evaluation on…

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