Eliminating the state’s no-fault auto insurance system could save average Florida motorists 9.6 percent on their liability-coverage packages, or about $81 a year per car, according to a study released by the state.
The $125,000 study by Illinois-based Pinnacle Actuarial Resources Inc. also found that premiums on personal-injury protection insurance coverage, also known as no-fault, dropped 15.1 percent statewide following a 2012 legislative effort to reduce fraud in the system.
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