Florida Auto Insurance Rates Dropping
Florida car insurance rates are expected to drop an average of 6.5% in 2025 – a welcome change for agents who spend a lot of time on the road.
TAMPA, Fla. — Florida's insurance commissioner, Mike Yaworsky, announced Tuesday that auto insurance rates in the state are dropping.
According to Yaworsky, Florida's top five auto writer insurance groups are indicating an average reduction of 6.5% this year. The rates are down from 2024's average increase of 4.3% and 2023's staggering increase of 31.7%, Yaworksy said.
The state is also reporting a reduction in the personal auto liability loss ratio. Leaders said it is the lowest in the nation.
"The continued reduction in auto insurance rates is yet another sign that Florida's reforms are working," said Gov. Ron DeSantis. "We will protect our reforms from those who seek to undo them and continue to fight for Floridians."
The state said it is important for consumers to shop around for auto insurance to ensure they get the best rate.
"There are reports of longer-tenured consumers shopping for new auto insurance instead of relying on one company for several years," the state said.
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