Florida car insurance – it can be so confusing! With Personal Injury Protection Coverage which is also known as No-Fault coverage to not requiring bodily injury liability coverage forcing the need for uninsured or underinsured motorist coverage, understanding Florida car insurance can be impossible. Now the Florida legislature is discussing some major changes to Florida car insurance.
Currently, Florida law requires car owners to purchase property damage coverage and personal injury protection, or PIP. Owners and drivers are not required by law to purchase bodily injury liability coverage. However, under new bills in both the Florida House and Florida Senate proposals, car owners would be required to purchase bodily injury coverage in the amount of $25,000 of injuries to another person, and $50,000 of injuries to two or more people on their Florida car insurance. In exchange, PIP would be eliminated.
The Tampa Bay Times discusses the cost these changes would have on Floridians. According to the Times, most Florida drivers would see small savings with their auto insurance, but those who carry just the minimum amount of coverage, either by choice or because they can’t afford more, would pay much higher rates.
Both bills face great opposition so we will have to see what happens in the following weeks. Completely ending PIP in Florida car insurance policies is a dramatic change since it has been around since the 1970s. There were some changes to the law in 2012, but those changes were unfair to many Floridians. If PIP is eliminated, it would make it even more important for you to carry underinsured motorist or uninsured motorist coverage because up to $10,000.00 of your medical bills will remain unpaid.
Stay tuned to future blog articles for status reports on these proposed changes to Florida car insurance law. In the meantime, continue to protect you and your family by purchasing uninsured/underinsured motorist coverage.
Personal Injury Attorney Matthew Noyes represents those injured in car accidents, motorcycle crashes, bicycle accidents, pedestrian accidents and other types of personal injury matters. He is a named partner at the Tampa Bay law firm of Perenich Caulfield Avril Noyes – one of the oldest personal injury law firms in Pinellas County. Call Attorney Matthew Noyes now at 727-796-8282 or complete the form on this page or simply click here to schedule a free case consultation.