Insurers say no-fault repeal would be costly to Florida drivers
The American Property Casualty Insurance Association says repealing the no-fault auto insurance system could jack up insurance rates for Florida’s low-income drivers.
Bills moving in both chambers (HB 719/SB 54) would replace the currently required $10,000 personal injury protection (PIP) coverage in favor of mandatory bodily injury (MBI) coverage that pays out up to $25,000 for a crash-related injury or death or up to $50,000 for injury or death in a crash involving two or more people.