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State regulators say home and auto insurance rates in Florida should dip 1.5% in July, according to a report by MyFoxOrlando.com. Florida residents who pay a private insurance company for coverage on a car, motorcycle, boat or house will see savings of $15 per $1,000 of premium.

Thomas Cotton, owner of Hugh Cotton Insurance in Orlando, tells MyFoxOrlando.com that insurance companies will stop collecting a 1.5% emergency assessment on policies, allowing policy holders to catch a break this summer.

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