The Florida Office of Insurance Regulation has expanded its online homeowners insurance rate comparison program, Choices, to include the auto insurance.
The program allows consumers to select among three standard risks for statutorily required coverages, or for more comprehensive coverages. After selecting the standard risk that best match their circumstances, consumers may select one of the 67 counties in the state. Consumers will then see a pop-up window ranking the rates of leading automobile insurers in the selected county.
“The foundation of a competitive marketplace is that consumers are educated about insurance products and prices for their particular circumstances,” said Florida Insurance Commissioner Kevin McCarty. “The purpose of this shopping comparison tool is to assist consumers in this regard.”
Consumers can access the interactive Choices tool through the Office of Insurance Regulation’s website.
In early 2011, Gov. Rick Scott quietly pulled the plug on OIR’s homeowners insurance rate program that launched in 2007 under former Gov. Charlie Crist. But it was resurrected later in the year and has now been expanded.