How Does Florida's No-Fault System Affect Auto Insurance Rates?

Answered by

Terri Martinez
Terri MartinezFinance and Insurance Manager

Posted on Jan 16, 2023

Florida's no-fault system affects auto insurance rates in a few ways. First, it requires all drivers to carry personal injury protection (PIP) coverage. This coverage helps pay for medical expenses and other costs related to an accident, regardless of who is at fault. This can help keep rates lower, as it eliminates the need for a lawsuit to recover damages. Additionally, no-fault states typically have a lower rate of accidents and injuries, which also helps keep rates down.

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