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Florida home and auto insurance costs fell in 2025 after reforms
APCIA said Florida policyholders paid about $3 billion less in 2025 for home and auto insurance than the year before.
Florida insurers have been filing for rate decreases and flat pricing in the wake of Florida's 2022 to 2023 legal system abuse reforms, the American Property Casualty Insurance Association said. APCIA reported that, since January 2024, 48 insurance companies have filed for rate decreases and 53 have requested no change or a 0% increase.
Florida's Office of Insurance Regulation has also signaled additional reductions, with requests for decreases of up to nearly 20% currently pending review, according to APCIA. APCIA said the regulator has announced a wave of significant rate decreases.
APCIA cited an actuarial study released earlier this month showing Florida policyholders paid nearly $3 billion less for home and auto insurance in 2025 compared with the year before.
Chase Mitchell, APCIA assistant vice president of state government relations, said the data reflects ongoing progress for policyholders and pointed to the reforms and the commissioner's approval of the decreases. Insurance Business reported on the APCIA figures.