Mike Yaworsky says top auto insurance companies in Florida drop rates

Insurance Commissioner Mike Yaworsky says the top five auto insurance groups in the state have lowered their car coverage premiums for 2026.

The average decrease for those companies — including Progressive, GEICO, State Farm, Allstate and USAA — was about 8%. Those firms account for about 78% of the auto insurance market in Florida.

Gov. Ron DeSantis signed legislation in March 2023 that eliminated risk-free litigation and otherwise reduced legal battles surrounding insurance claims. The move came after both property and auto insurance premiums skyrocketed in the early part of the decade before the stipulated changes.

Yaworsky credited those overhauls for the latest auto insurance rate decreases.

“The historic legislative reforms continue to drive auto insurance rates down with nearly 80% of Florida’s auto policyholders seeing lower rates for 2026,” Yaworksy said in a news release.

Property insurance companies have also been lowering rates in the past three years since the industry reforms.

Chief Financial Officer Blaise Ingoglia said it’s been a good run for those seeking coverage in the Sunshine State.

“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,” Ingoglia said.

The auto insurance rate decreases are in line with a pronounced trend in Florida. About a year ago, the Florida Chamber of Commerce issued a report that showed insurance premiums were generally falling fast in the state.

“The facts are crystal clear — insurance rates are stabilizing or dropping for Floridians,” said Mark Wilson, President and CEO of the Florida Chamber. “We cannot go backwards to the days when meritless litigation led to higher bills for hard-working Floridians.”