Quote:
Originally Posted by extrashaky
Most states have gotten rid of no fault insurance because it was a nightmare that made everything more difficult, increased suing and cost everybody more. No fault will always fail because it ignores the principles of economics.
Florida is still a no fault state for personal injury, and it illustrates the problems perfectly. We have some of the highest insurance premiums in the country and a proliferation of personal injury lawsuits because of the no fault personal injury scam.
You have to carry a minimum amount of coverage for you and the people in your own vehicle.
In an at fault state, causing an accident that results in a claim causes your rates to go up in order to apply the insurer's cost where it belongs, with the riskier driver.
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Although our insurance is called "no fault" it doesn't work at all as you described. There is still "fault" assigned and the at "fault" drivers rates will go up. The other driver's will not. So really ours is an at fault no fault system. It has worked very, very well here for a long time.