Published: Aug 21, 2012 6:12 PM EDT

TALLAHASSEE, Fla. (AP) - Florida insurance regulators have released an actuarial review that suggests savings on the personal injury protection part of a driver's auto insurance would not be realized until next year at the earliest.
    
The report from the Office of Insurance Regulation noted Tuesday that future savings may only be realized by limiting premium increases and not actually reduce premiums. The savings are only on the PIP portion of the premium, which figures to about 20 percent of the average auto insurance bill.
    
The state's insurance consumer advocate, Robin Westcott, said she expects the savings will be greater than those estimated by Pinnacle Actuarial Resources. The actuary was hired by OIR.
    
However skeptics say they'll believe it when they see any savings passed along to policyholders and not pocketed by insurance companies.

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