'Florida’s Top 5 Auto Writer Insurance Groups Are Currently
Indicating an Average -8% Rate Change for 2026'   

TALLAHASSEE, Fla.— Florida Insurance Commissioner Mike Yaworsky is announcing more great news for Florida’s top five auto insurance groups with an indicated average rate change of -8%. Florida’s top five auto groups include Progressive, Berkshire Hathaway (GEICO), State Farm, Allstate and USAA—amounting to 78% of Florida’s auto market. This encouraging news shows great confidence and stability in the market and is largely due to historic legislative reforms championed by Governor Ron DeSantis.       

Chief Financial Officer Blaise Ingoglia said, “Once again, policyholders are saving money and benefitting from Florida’s historic tort reforms. 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. As CFO, I will continue to work with Commissioner Yaworsky to ensure that announcements like this continue.” 

Commissioner Mike Yaworsky said, “The historic legislative reforms continue to drive auto insurance rates down—with nearly 80% of Florida’s auto policyholders seeing lower rates for 2026. 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.”  

Thanks to successful legislative reforms, Florida’s auto insurance market has seen steady rate reductions over the past two years. For 2025, Florida’s top five auto writer insurance groups requested a total rate change of -7.4%—amounting to 78% of Florida’s auto market. As of February 2026, the top 5 auto groups are showing a 2026 YTD indicated rate change of -8.0%.   

OIR constantly brings companies to the table to discuss lower costs for consumers and potential credits for policyholders. Last fall, Progressive reported to OIR nearly $1 billion in credits to policyholders. State Farm recently announced a dividend for Florida policyholders of nearly $533 million, averaging $173 per vehicle. OIR has approved multiple rate reductions from State Farm since 2024, with the most recent decrease request being 10% for drivers. GEICO also recently announced rate reductions for consumers. More than 700,000 GEICO customers will receive rate relief that will take effect in April 2026. OIR has also approved three separate rate decreases for AAA over the past year, resulting in lower auto premiums by 15%. Additionally, USAA lowered rates by 7% that will take effect by May 2026 and Allstate decreased rates by 7% for over 171,000 drivers.  

OIR continues to see multiple improvements for the auto insurance market. In 2024 and 2025, Florida ranked #1 as the state with the lowest personal auto liability loss ratio, recorded at 52.5% in 2025, which is the lowest recorded for Florida in the last 15 years. Auto physical damage loss ratios in Florida have also made a remarkable shift, dropping from 112.0% in 2022, 70.3% in 2023, 66.7% in 2024 to 49.5% in 2025. Across all 50 states, Florida’s 2025 auto physical damage loss ratio surged dramatically, moving from 48th to an impressive ninth place in one year alone.    

For highlights on Florida’s insurance market, click here.