"Even as the economy continues to recover, many consumers across the country are still feeling at least some kind of pinch financially, and as a consequence, many may be looking for better deals on all kinds of coverage. Fortunately for residents of the state of Florida, auto insurance premiums for personal injury protection are sliding downward, and insurance agents will have to be aware of their changing expectations. The most recent data suggests that auto insurance costs from the top 20 companies issuing policies with personal injury protection - whose business makes up about three-quarters of all sales in the state - are down 13.2 percent following the implementation of a state law which was designed to help keep premiums lower, according to a report from the Florida Office of Insurance Regulation. In the Sunshine State, PIP makes up about 25 percent of auto insurance costs overall, and thus the 13.2 percent decline means that most drivers have seen their overall insurance premiums drop between 3 and 4 percent since 2012, depending on what kind of plans they have. Prior to the implementation of the above-mentioned law, 86 percent of all auto insurance rate filings made with the state government were for PIP premium increases, and many of those proposals were rather high, stretching into the double digits, the report said. To date, however, overall auto insurance premiums on policies issued by the top 20 companies operating in the state have fallen 1.2 percent. Not all changes were equal Of course, some auto insurers reacted to the regulatory changes a little differently than others, the report said. For instance, some companies have reduced PIP and overall premium costs by more than 30 percent and 11 percent, respectively. However, others have actually significantly increased their PIP costs, with one boosting them by nearly 60 percent, while overall premiums rose 26.9 percent. Certainly, it appears as though this crackdown on insurance costs is becoming the norm from regulators on both a state and federal level, and as such, it can be important for insurers to make sure they are pricing their products competitively and so that they conform to whatever controls are in place. It is important to note, though, that consumers will likely now expect their insurance costs to be lower - perhaps significantly so - going forward, and insurers will likely have to give them a broader range of options from which to choose to potentially help ongoing success as the environment changes."