by John Haughey, The Center Square contributor | April 21, 2021 07:00 PM Print this article Doing away with no-fault insurance and requiring Florida drivers purchase mandatory bodily injury (MBI) coverage won’t lower Florida’s nation-leading auto insurance rates but increase them further, another auto insurer maintains.
For at least 40 percent of Florida’s 16 million drivers who don’t now have MBI coverage – about 7 million – replacing the state’s no-fault system with MBI could mean annual rate increases of $600 to $1,000, according to Don Moser, president of Amwins Specialty Auto of Florida.
“This will be most pronounced in the segment of our population with limited income, including a disproportionate impact on minorities,” Moser said in a Tuesday statement.