THE POLICY IMPACT OF NOFAULT AUTOMOBILE INSURANCE
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This study examines the impact of four different types of nofault automobile insurance laws on the risk adjusted price of insurance. Nofault insurance plans are in operation in 23 states. Using data from 1976 to 1984 for 49 states, the study found that nofault plans limiting litigation result in lower prices for automobile insurance. This relationship holds even under controls for several variables that also affect the price of automobile insurance. Copyright 1987, Wiley Blackwell. All rights reserved