Auto Insurers: New PIP Law Raises Rates
Floridians for Lower Insurance Costs, a group funded primarily by the major auto insurers, is accusing Gov. Charlie Crist and the Legislature of raising auto insurance rates, as Crist signed a bill today to extend the no-fault system starting Jan. 1.
Read their statement.
The accusation assumes every driver would have eliminated PIP and saved money. In the Banking and Insurance committee, Sen. Bill Posey said that he discovered the group's claims assumed that nobody who dropped their PIP coverage would pick up extra med pay coverage.