Auto insurance coverage rebates coming
Florida drivers must be getting a rebate examine from their auto insurance coverage as State Farm recordsdata to chop their charges by 10% because of a Florida regulation geared toward stopping abuse and fraud within the authorized system. FOX 13 Matthew McClellan stories.
TAMPA, Fla. – State Farm, certainly one of Florida’s largest auto insurers, has filed to decrease auto insurance coverage charges by 10% for drivers throughout the state.
Timeline:
If authorized, the discount would take impact in early 2026 and ship extra financial savings to roughly two million policyholders.
RELATED: Progressive auto insurance coverage to provide again $1B to Florida policyholders
The corporate says the submitting continues a development of returning worth to prospects as market situations enhance. Since October 2024, State Farm has lowered its general auto premiums by greater than 20%, leading to a complete annual financial savings of over $1 billion statewide.
What they’re saying:
“This isn’t taking place by chance,” wrote Allyson Watts, senior vp at State Farm, in an op-ed revealed in September. “It’s the direct results of Florida’s legislators and insurance coverage regulators recognizing the affect of rising insurance coverage prices — brought on by over-litigation — and being keen to listen to trade issues and deal with the true issues behind the rising prices.”
Watts credited the state’s authorized and insurance coverage reforms for making a “more healthy market,” however added that inflation and restore prices stay challenges.
What’s driving it?
Dig deeper:
The Florida Workplace of Insurance coverage Regulation (OIR) confirmed State Farm’s submitting this week and stated it displays “sturdy underwriting positive aspects” and fewer lawsuits statewide.
These tendencies comply with Home Invoice 837, a 2023 tort reform regulation that restricted lawyer charges and shortened the time-frame for submitting lawsuits. Insurers say these adjustments have helped cut back claims prices. In line with OIR, Florida’s 5 largest auto insurers have posted a median 6.5% fee lower in 2025, reversing years of sharp will increase.
Progressive and different main carriers have additionally issued fee cuts or refunds, signaling what regulators describe as early indicators of long-term stability after years of volatility.
The Supply: This text was written with a Florida Workplace of Insurance coverage Regulation press launch from Oct. 23, 2025, a State Farm op-ed by Allyson Watts, Sept. 24, 2025 and the Florida Workplace of Insurance coverage Regulation submitting from State Farm​​.
