Home Insurance No-fault repeal laws might considerably improve auto insurance coverage for Florida drivers

No-fault repeal laws might considerably improve auto insurance coverage for Florida drivers

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No-fault repeal laws might considerably improve auto insurance coverage for Florida drivers

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Westbound traffic on I-10 as seen from the Chaires Cross Road overpass Friday.

Final yr, Gov. Ron DeSantis took motion to guard Florida drivers from substantial auto insurance coverage price will increase by vetoing laws that will have repealed Florida’s no-fault auto insurance coverage system with out implementing wanted authorized reforms.

Floridians are grateful for the management he confirmed on this difficulty, his dedication to face up for the perfect pursuits of our state’s drivers, and his efforts to guard their hard-earned cash. 

Nevertheless, this session, considerably comparable laws is once more being thought-about within the Florida Home and Senate. As soon as once more, these payments might end in vital will increase in auto insurance coverage prices, particularly for many who can least afford it.

An impartial evaluation carried out by Pinnacle Sources of Senate Invoice 150 and Home Invoice 1525 discovered that the proposals might trigger auto insurance coverage prices to skyrocket between 48% and 77%  for drivers who buy minimal limits. In Florida, that’s roughly 40% of drivers.

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