Auto insurance costs continue to ease for Florida drivers, thanks to recent lawsuit abuse reforms causing growing stability in the insurance market. According to WPTV, state regulators have approved another round of auto insurance rate cuts—offering meaningful savings for families, service members, and everyday drivers across the state.
Florida Insurance Commissioner Mike Yaworsky stated:
“Going into the new year, the Office of Insurance Regulation is not slowing down on approving rate decreases or 0% increases from insurance companies… It is very clear that tort reform was the right thing to do, and we will continue to build on this success.”
Florida’s Office of Insurance Regulation (OIR) announced it has approved an additional auto insurance rate cut, including a newly filed 7% average decrease from USAA, set to take effect by May 2026. The move is expected to generate more than $125 million in annual savings for USAA’s Florida customers alone.
Randy Termeer, USAA P&C President noted:
“Every dollar counts for our active-duty service members, veterans and their families — now more than ever,” “This rate decrease reflects improving conditions in Florida’s insurance market… Florida leaders have done great work to strengthen the insurance system and support a more stable, competitive market for Floridians.”
USAA’s filing is part of a broader trend. Over the past year, 42 auto insurers in Florida have submitted rate decrease filings—clear evidence that reforms are translating into real-world affordability.
A Snapshot of Recent Auto Insurance Savings Across Florida
Based on filings approved by OIR, drivers are seeing reductions from multiple major insurers:
- Florida Farm Bureau: Average decrease of 8.7%
- Progressive: Average decrease of 8%, in addition to a previously announced $1 billion policyholder refund
- State Farm: Average decrease of 10.1%, marking its third cut since 2024—more than 20% total, exceeding $1 billion in statewide savings
- AAA: Three rate reductions totaling 15%, with another round scheduled for early 2026
- Allstate: 4% average decrease affecting approximately 13,100 drivers
Taken together, this announcement reflects a turning point for Florida’s insurance market. Legislative reforms to end lawsuit abuse are delivering increased competition, improved affordability, and tangible relief for consumers. As regulators and insurers continue working collaboratively, Florida drivers are beginning to see what stability looks like: lower rates, stronger markets, and more money back in their pockets.