Tampa, Fla. (WFLA) – A new report from the Florida Department of Insurance Regulations shows that you can save an average of $120 a month on car insurance payments.
As of July 29, the state’s top five insurance writers (Progressive, Geico, Allstate, State Farm and USAA) had averaged down about 6.5%.
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“The reason we’re seeing the opposition in Florida despite the spike in car insurance premiums nationwide is because we’ve done litigation reform,” said Gov. Ron DeSantis, who stopped by Tampa on Wednesday.
The governor’s reforms focus on reducing frivolous and expensive litigation between providers and citizens, and he argues prices have risen significantly. In 2023, the rates rose dramatically, according to the state. 31.7%.
In 2024 there was a slight increase.
“People were paying a lot of money for these lawyers, and I don’t think that’s what most Floridians want,” DeSantis said. “It takes time for that (relief) to filter out, but now I think you’re seeing the benefits.”
In addition to lower rates, Better Business Bureau (BBB) experts recommend News Channel 8 to shop around a variety of insurance providers every six months, looking for the best rates.
It also pleads users to consider usage-based insurance programs such as Progressive’s “snapshots.” This program can remove rates up to 10% based on factors such as speed and driving tactics.
