Florida Car Insurance Rates: What the Regulator Data Shows
Florida drivers spent an average of $2,017.97 per insured vehicle on auto insurance in 2024, the highest of any state in the National Association of Insurance Commissioners (NAIC) tables and 141% of the national average of $1,431.63. That's the newest state data NAIC has, released October 1, 2026.
The trend is better than the level. Florida's average rose 7.4% in 2024 while the country's rose 11.7%. And the Florida Office of Insurance Regulation (OIR) says the five largest auto insurance groups have been cutting rates since: a requested -7.4% for 2025 and an indicated -8.0% for 2026 as of February. None of that is in the NAIC numbers yet. Here's what each source measures, what Florida law lets an insurer use to price your policy, and what you can check yourself.
What the NAIC number is, and isn't
NAIC's "average expenditure" is total written premium for liability, collision and comprehensive, divided by liability car years (one vehicle insured for one year). Every insured vehicle is assumed to carry liability, but plenty don't carry collision or comprehensive. So it's what people actually spent per insured car, not the price of a full-coverage policy and not a quote.
NAIC also warns that its figures don't adjust for state auto and tort laws, rate filing laws, traffic conditions or demographics, and that direct comparisons between state results should be treated with a high degree of caution.
That caveat matters in Florida, a PIP state where bodily injury liability isn't part of the basic requirement to register a car. Treat the figure as a yardstick over time, not a target for your own bill.
Florida vs. the U.S., 2020 to 2024
- Florida
- United States
Source: NAIC, 2024 Auto Insurance Database Average Premium Supplement (Table 4). Prior years as revised in that edition
Show the numbers
| Florida | United States | |
|---|---|---|
| 2020 | $1,389 | $1,048 |
| 2021 | $1,424 | $1,061 |
| 2022 | $1,579 | $1,125 |
| 2023 | $1,878 | $1,282 |
| 2024 | $2,018 | $1,432 |
Florida has been well above the country the whole time: 132.6% of the U.S. average in 2020, 146.6% in 2023 and 141.0% in 2024. The big jump came in 2023, when Florida's average rose 19.0% against 14.0% nationally. In 2024 the order flipped: Florida grew more slowly than the U.S. for the first time in this series, so the gap narrowed, from $596.79 in 2023 to $586.34.
Over the four years from 2020 to 2024, Florida's average rose 45.3%, the country's 36.64%.
Source: NAIC, 2024 Auto Insurance Database Average Premium Supplement (Table 4)
Show the numbers
| State | Average expenditure |
|---|---|
| Florida | $2,017.97 |
| New York | $1,980.93 |
| Louisiana | $1,880.42 |
| District of Columbia | $1,840.36 |
| United States | $1,431.63 |
NAIC revises earlier years in each edition, so older articles quoting a 2023 Florida figure may show a slightly different number. Every NAIC figure here comes from the same 2024 edition.
What OIR reports since the 2023 reforms
NAIC is two years behind. For anything after 2024, the regulator's own announcements are the best public source. OIR has tracked the average rate change of Florida's top five auto insurance groups, which together write 78% of the state's auto market:
- Up
- Down
Source: Florida OIR news releases of July 29, 2025 (2023, 2024) and March 5, 2026 (2025, 2026 YTD)
Show the numbers
| Year | Average rate change |
|---|---|
| 2023 | +31.7% |
| 2024 | +4.3% |
| 2025 (requested) | −7.4% |
| 2026 YTD, Feb (indicated) | −8.0% |
Read those carefully. They're averages of what five insurance groups filed or indicated, not what any driver's renewal did, and the 2026 figure is a partial-year number. They also shouldn't be added up into a single "rates are down X% since 2023" figure, because each change reaches customers only as their policies renew. In mid-2025 OIR described the 2025 figure as an indicated −6.5%; by March 2026 the full-year requested figure was −7.4%.
The decreases weren't limited to the biggest groups. In January 2026 OIR said 42 companies writing personal auto had filed for rate decreases in the previous year, 32 of them in the last six months.
Why the turn? OIR attributes it largely to the 2023 legislative reforms (HB 837), which changed lawsuit rules for negligence claims and repealed one-way attorney fees against insurers. Our Florida tort reform explainer covers what changed. OIR's July 2025 release also pointed to national results: the personal auto industry was having its best underwriting results in years. That's the regulator's explanation. Its releases don't separate how much came from Florida's law changes and how much from national trends, and I won't pretend they do.
The loss ratios behind the cuts
A loss ratio compares what insurers pay in claims with what they collect in premium. When it falls a long way, insurers have room, and in Florida sometimes a legal duty, to lower rates. OIR has published these for Florida personal auto:
- Liability
- Physical damage
Source: Florida OIR, July 29, 2025 and March 5, 2026 releases
Show the numbers
| Liability | Physical damage | |
|---|---|---|
| 2022 | 80.5% | 112.0% |
| 2023 | 74.5% | 70.3% |
| 2024 | 53.3% | 66.7% |
| 2025 | 52.5% | 49.5% |
Liability fell from 80.5% in 2022 to 52.5% in 2025, which OIR says is the lowest for Florida in 15 years and the lowest of any state in 2024 and 2025. Physical damage (collision and comprehensive) went from 112.0% in 2022, meaning insurers paid more in claims than they took in, to 49.5%.
That's where the excess profits law comes in. Under s. 627.066, if an auto insurer group's underwriting gain over the three most recent years exceeds its anticipated profit plus 5% of earned premium, OIR orders the excess returned to policyholders as a cash refund or a credit toward future insurance. In late 2025 OIR said it would keep reminding auto insurers of that obligation, and its March 2026 release reported credits and a dividend announced by large auto insurers. Under the statute, an ordered refund goes pro rata to policyholders of record, as cash or a credit on renewal.
Why Florida still costs more
Cuts from a high base still leave a high base. A few things in the public data help explain the level, without claiming to rank them:
Source: Insurance Research Council, via Triple-I
Show the numbers
| Item | Uninsured |
|---|---|
| Florida | 20.6% |
| United States | 15.4% |
- Uninsured drivers. The Insurance Research Council estimates 20.6% of Florida motorists were uninsured in 2023, seventh highest in the country, against 15.4% nationally. Drivers who buy uninsured motorist coverage pay for that risk through its premium. More in uninsured motorist coverage in Florida.
- A thin legal minimum. To register most personal vehicles you need only $10,000 of personal injury protection (PIP) and $10,000 of property damage liability; bodily injury liability isn't part of the basic requirement. The IRC notes that Florida's compulsory laws don't apply to third-party bodily injury coverage. See Florida car insurance requirements.
- A lot of crashes. FLHSMV counted 381,423 crashes in 2024, with 3,098 people killed. That was down 3.48% from 395,175 in 2023, but it's still more than a thousand a day.
- Repair and medical costs. Florida's rate law tells OIR to weigh the cost of vehicle repairs and medical services when it reviews a filing (s. 627.0651(2)), so rising repair and medical costs feed directly into rate requests.
Who sets your rate in Florida
Insurers do, and OIR reviews it. Under s. 627.0651, rates may not be excessive, inadequate or unfairly discriminatory, and every auto insurer files its rates and rating manuals with OIR.
| Rule | What it says |
|---|---|
| File and use | Filed at least 60 days before the effective date. OIR has 60 days to finish its review or flag problems; if it doesn't, the rate is deemed approved. |
| Use and file | Filed no later than 30 days after the rate takes effect. If OIR later finds the rate excessive, it can order the excess returned to policyholders as a credit or refund. |
| What OIR weighs | Loss experience, expenses, competition, investment income, cost of vehicle repairs, cost of medical services, reinsurance, and loss trends. |
| ZIP-code pricing | A single ZIP code used as a rating territory is presumed unfairly discriminatory unless it's filed in advance with enough loss data to be actuarially sound. |
| Bad-faith verdicts | Bad-faith judgments and punitive damages against an insurer can't be used to justify a rate. |
Source: Florida Statutes s. 627.0651 (2026 edition, accessed Oct 16, 2026).
Filings are public. OIR's IRFS Forms & Rates Filing Search lets you look up an insurer's rate filings back to 2001 by company name. One limit: OIR notes the displayed rate changes may not show everything when a company claims trade secret protection.
What goes into your own premium
The statewide average tells you little about your bill. Your premium depends on the driver, the car, the coverage and the limits, and the CHOICES tool describes those, plus where you live, as the primary factors. Florida law then puts guardrails on how insurers use some of them:
| Factor | What Florida law says |
|---|---|
| Credit | Allowed for personal auto, with limits (s. 626.9741). You must be told credit is being checked. If credit hurts you, the insurer must give up to four specific reasons ("poor credit history" isn't enough) and a free copy of the report or the bureau's contact details. No adverse decision on credit alone, on having no credit history, on medical collections, or on where you live. If credit was used against you, the insurer must review it at least every two years or when you ask, and lower your premium if it improved. |
| Credit hit by a life event | You can ask for an exception if divorce, a spouse's death or temporary job loss damaged your credit. The insurer has 10 business days after getting your documents to review it. |
| Accidents | No surcharge or nonrenewal for an accident unless the insurer determines in good faith you were substantially at fault. Being lawfully parked, rear-ended (with no moving-violation conviction), or hit by a hit-and-run driver reported within 24 hours are among the listed not-at-fault situations (s. 626.9541(1)(o)3). |
| Traffic tickets | No surcharge for a single noncriminal infraction, unless it's a second within 18 months, a third within 36 months, or speeding more than 15 mph over the limit (s. 626.9541(1)(o)4). You can ask for the proof of fault behind a surcharge. |
| Nonrenewal | Can't be based entirely on sex, occupation, marital status, residence, military service, age or where the car is garaged, or at all on race, color, creed or national origin (s. 627.728(4)(c)). |
Source: Florida Statutes s. 626.9741, s. 626.9541, s. 627.728 (2026 edition, accessed Oct 16, 2026).
Discounts the law requires
| Discount | Applies to | Statute |
|---|---|---|
| Principal operator 55 or older who completed an FLHSMV-approved accident prevention course | Liability, PIP, collision; lasts 3 years | s. 627.0652 |
| Factory-installed four-wheel antilock brakes | Liability, PIP, collision | s. 627.0653(1) |
| Antitheft device or vehicle recovery system | Comprehensive | s. 627.0653(2) |
| Factory-installed air bags | PIP and medical payments | s. 627.0653(3) |
Source: s. 627.0652 and s. 627.0653, Florida Statutes (2026). The law requires a discount but doesn't set the amount; the 55+ course discount is presumed appropriate unless data show otherwise.
On the 55+ course discount: to keep it for the full three years, an insurer can require no at-fault accidents and no moving-violation convictions, and it doesn't apply if a court ordered you to take the course. The certificate from the course is what you send to the insurer.
Using OIR's CHOICES tool
OIR's CHOICES auto rate comparison tool shows sample average rates from insurers' most recent approved filings. It isn't a quote engine. It uses three fixed examples (a senior married couple, a single female, and a family with young drivers) and lets you look them up by county or by company. For each it shows two numbers: "PIP + PD," the minimum to register a car, and "All Coverages," which adds coverages like bodily injury, uninsured motorist, collision and comprehensive.
- Pick the example closest to your household.
- Choose your county to see sample averages across companies there.
- Compare the spread, not just one number. It shows how much prices can differ for the same example profile.
Two caveats from OIR itself: companies that submitted data as trade secret aren't included, and the rates are illustrative only, with no promise a company will sell at that price. Your own premium will differ from all three examples.
What to check when your renewal comes in
- Compare the declarations pages. Same cars, drivers, limits and deductibles as last term? Look for a discount that dropped off or a new surcharge.
- Ask about discounts by name. The 55+ course, antilock brakes, antitheft devices and air bags are written into the statute. The Department of Financial Services (DFS) adds that some discounts have to be self-reported, and that marriage, lower mileage, a good-student record or certain occupations may lower rates. It suggests checking every year.
- Challenge a surcharge. If an accident or ticket raised your premium and you think the rules above apply, ask for the proof of fault in writing.
- Ask about credit. If credit was used against you, ask for the four reasons and for a re-check if your credit has improved.
- Pull your CLUE report. DFS points out you're entitled to a free copy of this claims-history report, and errors in it can raise your premium.
- Look at coverage before price. DFS warns to beware of the phrases "full coverage" and "what's required." Cutting bodily injury or uninsured motorist limits lowers the premium and raises your own exposure. If you have a home or savings to protect, our Florida umbrella insurance page explains how extra liability sits on top of an auto policy.
- Know your notice rights. An insurer that won't renew must give 45 days' written notice with reasons (s. 627.728). The 45-day renewal-premium notice rule in s. 627.4133 expressly excludes auto policies covered by s. 627.728, so read your renewal as soon as it arrives.
- Get help. The DFS Insurance Consumer Helpline is 1-877-693-5236 (9 a.m. to 3 p.m., Monday through Friday).
Our Florida auto insurance page explains how the coverages fit together.
FAQ
Is Florida the most expensive state for car insurance?
By NAIC's measure, yes. Florida's 2024 average expenditure of $2,017.97 per insured vehicle was the highest in NAIC's state table, ahead of New York ($1,980.93) and Louisiana ($1,880.42). The U.S. average was $1,431.63.
Are car insurance rates going down in Florida?
Florida OIR reports that the state's top five auto insurance groups requested a total rate change of -7.4% for 2025 and indicated -8.0% for 2026 as of February 2026. Those are averages; an individual renewal can still go up.
Can Florida insurers use my credit score for car insurance?
Yes, with limits under s. 626.9741. They can't make an adverse decision on credit alone, on having no credit history, on medical collections or on where you live, and if credit was used against you, they must review it at least every two years or when you ask.
What is OIR's CHOICES tool?
CHOICES is OIR's rate comparison tool. It shows sample average auto rates from approved filings for three example households, by county or company. The figures are illustrative, not quotes.
Your own policy wording and Florida law control what you pay and why. Confirm your situation with a licensed agent, the Florida Office of Insurance Regulation or the Department of Financial Services, and for legal questions, talk to an attorney.
Sources
- NAIC: 2024 Auto Insurance Database Average Premium Supplement (PDF, September 2026)
- NAIC: NAIC releases 2024 Auto Insurance Database Average Premium Supplement (Oct 1, 2026)
- Florida OIR: Lower auto insurance rates announcement (July 29, 2025)
- Florida OIR: Continued auto insurance market strength (Nov 18, 2025)
- Florida OIR: More auto rate cuts for consumers in 2026 (Jan 28, 2026)
- Florida OIR: Auto rate decreases for Florida's top 5 auto insurance groups (Mar 5, 2026)
- Florida OIR: Newsroom (checked Oct 16, 2026)
- Florida OIR: CHOICES Rate Comparison Tool overview
- Florida OIR: CHOICES Auto Rate Comparison Tool
- Florida OIR: IRFS Forms & Rates Filing Search
- Florida Statutes s. 627.0651: Making and use of rates for motor vehicle insurance
- Florida Statutes s. 627.066: Excessive profits for motor vehicle insurance prohibited
- Florida Statutes s. 626.9741: Use of credit reports and credit scores by insurers
- Florida Statutes s. 626.9541: Unfair methods of competition and unfair or deceptive acts
- Florida Statutes s. 627.0652: Discounts for persons completing safety course
- Florida Statutes s. 627.0653: Discounts for specified motor vehicle equipment
- Florida Statutes s. 627.728: Cancellations; nonrenewals
- Florida Statutes s. 627.4133: Notice of cancellation, nonrenewal, or renewal premium
- Triple-I: Facts + Statistics: Uninsured motorists (Insurance Research Council data, 2023)
- FLHSMV: 2024 Traffic Crash Facts (PDF)
- Florida DFS: Personal automobile insurance overview
This article is for general educational purposes only and is not legal, tax or insurance advice. Coverage depends on the actual policy, its terms, conditions and exclusions, and state law. Maru Insurance · WA License (WAOIC) #1365574 · FL License #G363233 · NPN 22261820.