A recent report has shown that motorists in the state have premiums highly impacted by their location. A report that was recently released by ValuePenguin.com has revealed that location plays a very important role in the cost of auto insurance in Florida, as it does in most other states, and has revealed the cities in which drivers are paying the highest amount for their coverage. It showed that the cost of coverage in Tampa and St. Petersburg is among the highest in Florida. The average rate for the drivers in…
Read MoreTag: Florida auto insurance
Auto insurance bill by Senator to scrap Florida no-fault system
The legislation is being prepared in order to change the situation in the state which is riddled with fraud. A new bill is being drafted by David Simmons (R-Altamonte Springs), the Senate Banking and Insurance Chairman in Florida, in order to help to repeal the no-fault auto insurance system in the state, which is swimming in fraud and that is costing residents a fortune to cover their vehicles. A landmark effort for this purpose from 2012 remains tied up in the courts, allowing fraud to continue. Simmons explained that he…
Read MoreAuto insurance fees may be relaxed in Florida
Florida considers putting an end to some fees that make auto insurance coverage so expensive Florida is home to some of the most expensive auto insurance coverage in the U.S. This is partly due to the state’s no-fault auto insurance laws and the fees associated with coverage. The regulations governing auto insurance in the state have made fraud very prevalent, which has also contributed to the increasingly expensive nature of coverage. This week, Florida lawmakers have been working on a plan to give the state’s drivers some respite from the fees…
Read MoreAuto insurance reform injunction in Florida halted
A federal judge has denied the progress of the process that could have blocked the PIP changes. A federal judge has just ruled to stop an injunction designed to impede the personal injury protection (PIP) reforms to the auto insurance law in Florida, which had only just been enacted last year. Supporters of the reform feel that this decision was an important victory for vehicle coverage in the state. As a part of U.S. District Court Judge Richard Lazzara’s ruling, he refused to grant requests for an injunction that were…
Read MoreAuto insurance law goes into effect tomorrow
Florida drivers will face new coverage regulations starting January 1. As of tomorrow, Floridians will be facing reforms to the auto insurance law that are designed to help to play an important role in the effort to battle fraud in this industry within the state. This will involve considerable changes to the guidelines for personal injury protection (PIP). The first phase of the reforms to the law, which were designed to help reduce the success of staged accident claims and other forms of auto insurance fraud, were implemented earlier this…
Read More