Motorists could eventually see the no-fault portion of their auto insurance drop 14 percent to 24.6 percent, according to a $150,000 commissioned report released Tuesday by the Office of Insurance Regulation.
But the state is quick to note that while personal injury protection premiums have skyrocketed by $1 billion, due in large part to fraud, the coverage accounts for only about 20 percent of most auto insurance bills.
And any savings will not be seen until after new policies are written following Jan. 1, 2013.