Posted On: April 2, 2007, 5:15 pm CDT

Posted By: Red Man

The PIP law was supposed to lower auto insurance rates in Florida. Now that we Floridians are supporting a dual system (i.e. Tort and PIP) we have the 8th highest rates in the country. On February 22nd State Farm stated that they could reduce rates by 16% ($350 on a dual car household) if the PIP law was allowed to sunset. If all companies would follow suit, it would help defray some of the Homeowners cost. It is time for the legislature to attack the issue and pass a cumpulsary liability law with some teeth in it. Oklahoma has a bill in committee that would impound the automobile if the driver was stopped for ANY traffic violation and could not prove that the vehicle was insured for BI & PD. The present law is a disaster, and Jeb was correct when he vetoed the band aid bill that was presented to him last year.