Florida’s top five auto insurance groups — Progressive, GEICO (Berkshire Hathaway), State Farm, Allstate and USAA — are indicating an average rate decrease of 8% for 2026, according to the Florida Office of Insurance Regulation.
Insurance Commissioner Mike Yaworsky announced the development Thursday, noting that these carriers represent about 78% of the state’s auto insurance market. One group has indicated a reduction as high as 16.5%.
Yaworsky attributed the trend to recent legislative reforms, including tort changes championed by Gov. Ron DeSantis, which he said have stabilized the market and reduced costs.
“The historic legislative reforms continue to drive auto insurance rates down—with nearly 80% of Florida’s auto policyholders seeing lower rates for 2026,” Yaworsky said in a statement. “Florida’s top five auto writers are already indicating an -8% rate change for 2026, with one group even indicating an -16.5% rate change. This is great news, and we anticipate this trend to continue for the auto market.”
Chief Financial Officer Blaise Ingoglia echoed the assessment, crediting the reforms for delivering savings to policyholders.
“Once again, policyholders are saving money and benefitting from Florida’s historic tort reforms,” Ingoglia said. “Florida has laid out the blueprint for successful insurance reform, and we are continuing to see the difference it is making for Florida families and their wallets.”
Several insurers have already taken steps to provide relief. Progressive has reported nearly $1 billion in credits to policyholders, while State Farm announced a dividend of approximately $533 million for Florida drivers, averaging about $173 per vehicle.
State regulators said improving financial indicators, including increased filings for rate decreases and greater market confidence, point to a strengthening auto insurance sector in Florida.
The Office of Insurance Regulation continues to review and approve such filings as part of ongoing monitoring.
