Claire anderson 60670

If you’re a licensed motorist living in the United States, you’re more than likely required by your state to carry some form of auto insurance. Many state governments demand that their motoring constituents carry what is called Personal Injury Protection, better known as PIP. PIP insurance is a “no-fault” auto insurance coverage plan that, regardless of who is at fault in an auto accident, covers the medical fees and lost wages of the individuals injured in an accident.

This is why it comes as a surprise that the state of Florida is looking to get rid of PIP protection.

Though not required in every state, the advantages of PIP insurance are clear. When you compare auto insurance with CoverHound, you’ll be matched with an affordable PIP plan that protects you and your family.

Why would Florida want to end an insurance package that does so much, for so little?

Let’s take a look at how Florida drivers could be affected by this change and what will happen should PIP be made obsolete by government decree.

At What Cost are Floridians Insured Against an Accident?
In late April, Florida House lawmakers passed legislation to dispose of the orange state’s PIP insurance. Part of the state’s auto insurance laws for some fifty years, house lawmakers have (unsuccessfully) tried to get rid of PIP before. According to WTSP News, “an analysis by a House committee last fall found that getting rid of no-fault insurance could save drivers about $81 a year even with the rise in cost for other coverage.”

Who can see saving money as a bad thing? Well, if it’s taking away an insurance package that protects you no matter who is at fault in an accident, it could come back to take a bite out of your wallet.

If you’re involved in an accident that’s determined to be your fault, PIP insurance would still cover your medical fees regardless, the same cannot be said of other auto insurance packages, unless you spring for full coverage, which can be pretty costly.

One in eight motorists don’t have auto insurance. That’s right—for every eight cars you drive by on the freeway, one of them is being controlled by a driver who does not have the insurance necessary to cover an auto accident.

PIP or ‘No-Fault’ insurance protects motorists at all costs. Though it can mean that your insurance is used in the aftermath of a car accident versus the insurance of the driver responsible for the collision, it still means that no matter the circumstances, you’re covered.

As of 2013, the average auto liability accident cost drivers $3,231 with bodily injury averaging $15,443. Imagine not having the insurance you need to help you with the costs of the accident. PIP insurance covers thousands of dollars for one affordable annual fee. While the numbers might show that Floridians could save $81 a year without it, is saving $81 worth a near $20k price tag?

If auto laws are changing in your state, make sure you continue to have reliable coverage. Visit CoverHound to sign up for your new policy today.

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