Florida lawmakers this spring are slated to consider whether it would be worthwhile to forego the decades-old no-fault car insurance requirements that have been mandated since the 1970s. If legislators decide to repeal that provision of the law that compels drivers to carry a minimum of $10,000 in personal injury protection (PIP) benefits, supporters of the law say the average driver is going to save about $81 on their policy. Given that according to a recent study by the Federal Insurance Office<\/a>, the state has one of the highest rates of uninsured motorists and has about 3 million people living in areas where auto insurance is not affordable, that could be a big deal. However, it wouldn’t be without risk.<\/a><\/p>\n The primary question raised by detractors is whether the $80 in savings would be negligible if there is an increase in costs associated with more lawsuits that arise from car accidents and (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Florida lawmakers this spring are slated to consider whether it would be worthwhile to forego the decades-old no-fault car insurance requirements that have been mandated since the 1970s. If legislators decide to repeal that provision of the law that compels…<\/span><\/p>\n