Florida drivers and homeowners saved close to $3B last year

An actuarial report covered by Insurance Journal found that Florida homeowners and drivers paid roughly $3 billion less in premium during 2025 than they would have under the old trend. Average homeowners rates did not actually fall. They rose by less than 1%, which is a sharp change from the double-digit average increases of 2022 and 2023. Auto was the bigger mover, with rates down about 4.1% for the year. The report credits the state’s legal system reforms for cooling the litigation costs that carriers had been pricing into every policy.

Averages hide a lot. A statewide 4.1% auto decrease does not mean your renewal dropped 4.1%, and plenty of South Florida households saw their number go up anyway because of where they live, what they drive, or a claim on the record. The savings are real, but they land unevenly and they land on people whose policies get re-rated or re-quoted. If your home and auto renewed on autopilot this year, there is a decent chance you are still paying a 2023 price in a 2026 market. Pull your last two declarations pages and compare the premium line before you assume you got the discount.

An independent agent can re-shop your home and auto across several carriers and tell you whether your rate reflects the reforms or predates them.