So far, changes enacted by the Florida legislature have helped lowered PIP premiums by an average of 2.5%. This is a far cry from the 25% anticipated when the changes were being discussed. Click Here for the Miami Herald article discussing these changes. The key to seeing meaningful decreases in premium is lower PIP claims costs and a decrease in fraud. Florida- south Florida in particular- is home to some of the highest fraud rates in the country. Until fraud is under control, Florida will continue to see higher than average rates.
Boca Insurance Group represents a number of quality auto insurance companies allowing us to quote numerous carriers to find the best possible rate for your insurance dollar. Call us today at 954-596-0691 and see how we can help lower your auto insurance premiums. You may also e-mail us at pat@bocainsgroup.com to request a quote.
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