Auto insurance coverage in Florida jumped almost 75% from 1989 to 2005, compared with a nationwide increase of about 50%.
Florida drivers paid the nation's 6th-highest average auto insurance premium of $1,063, up from $610 in 1989.
Auto insurance rates rose an average 68% in the 23 states that employ a "file and use" regulatory system. The increase averaged 54% in the 15 states that require department of insurance approval before they can raise auto insurance or other insurance rates.
tTe Competitive Enterprise Institute gave Florida an "F" grade for its regulatory burden on property & casualty insurance in its latest study.
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