Florida auto insurance rates have fallen two years in a row, and the state’s largest insurers indicated further decreases for 2026. A 2026 attempt to repeal Florida’s no-fault (PIP) law did not pass, so the state’s coverage requirements have not changed. Here is what the numbers show and how Naples drivers can make sure they benefit.
This update uses figures from the Florida Office of Insurance Regulation (OIR), the Florida Senate and the Florida Department of Highway Safety and Motor Vehicles (FLHSMV). For coverage options, see our page on auto insurance in Naples.
What the 2026 numbers show
- The biggest insurers are cutting rates. OIR reported in March 2026 that, as of February 2026, Florida’s five largest auto insurance groups (Progressive, Berkshire Hathaway’s GEICO, State Farm, Allstate and USAA, together about 78% of the market) were indicating an average rate change of −8% for 2026. One group indicated −16.5%.
- A second year of decreases. For 2025, the same five groups requested a total rate change of −7.4%. OIR’s commissioner said nearly 80% of Florida auto policyholders would see lower rates for 2026.
- Company announcements. OIR highlighted a 10% decrease request from State Farm, three AAA decreases that lowered premiums by 15% over the past year, a 7% USAA decrease taking effect by May 2026, a 7% Allstate decrease for more than 171,000 drivers, and GEICO rate relief for more than 700,000 customers from April 2026.
- Credits and dividends. Progressive reported nearly $1 billion in credits to Florida policyholders in fall 2025, and State Farm announced a Florida dividend of nearly $533 million, averaging $173 per vehicle.
- Claims costs have improved. A loss ratio is the share of premium paid out in claims. Florida had the lowest personal auto liability loss ratio in the nation in 2024 and 2025, at 52.5% in 2025, the lowest for Florida in 15 years. The auto physical damage loss ratio fell from 112.0% in 2022 to 49.5% in 2025.
OIR credits the state’s legislative reforms for the improvement. Source: OIR auto rate announcement, March 5, 2026.
PIP is still required: the 2026 repeal did not pass
Bills to repeal Florida’s Motor Vehicle No-Fault Law and move to a fault-based system were filed again for the 2026 session. On March 13, 2026, SB 522 died in the Senate Banking and Insurance Committee and HB 769 died in the House Civil Justice & Claims Subcommittee, so personal injury protection (PIP) remains mandatory. Source: Florida Senate, SB 522 (2026).
To register a vehicle in Florida, you must carry at least:
- $10,000 in personal injury protection (PIP), which pays 80% of necessary and reasonable medical expenses up to $10,000 for a covered injury, regardless of who caused the crash.
- $10,000 in property damage liability (PDL), which pays for damage you cause to someone else’s property.
Under Florida’s PIP law, medical benefits apply only if you receive initial services and care within 14 days of the crash. Benefits are limited to $2,500 if a provider determines you did not have an emergency medical condition; up to $10,000 is available if a physician, dentist, physician assistant or advanced practice registered nurse determines that you did. Sources: FLHSMV insurance requirements and section 627.736, Florida Statutes.
The gap in Florida’s minimum coverage
Florida does not require bodily injury liability (BI) to register a car. BI pays for injuries you cause to other people, and without it you could be personally responsible for those costs. If you are at fault in a crash, are charged with a moving violation, and injuries or possible injuries are noted on the crash report, but you did not have BI coverage, FLHSMV requires you to buy and keep at least $10,000/$20,000/$10,000 in liability coverage with an SR-22 filing for three years. You may also need releases from the other parties or a security deposit to reinstate your license. Source: FLHSMV, involved in a crash.
Uninsured motorist coverage protects you and your passengers when the at-fault driver has little or no insurance. Our guide to uninsured motorist coverage in Florida explains how it works. If your premium falls this year, that saving can make higher limits more affordable.
How Naples drivers can make sure they benefit
Statewide averages do not guarantee that your premium will fall. Your rate depends on your insurer, driving record, vehicles, where the car is garaged, who drives it and the coverage you choose. Before your next renewal:
- Compare quotes on the same coverage. Our guide to comparing Florida car insurance quotes shows what to line up.
- Ask about bundling and discounts. See bundling home and auto insurance in Naples.
- Keep driver and vehicle details current. Seasonal residents, new teen drivers and cars used for work can all change your rate. See our guides for seasonal drivers, teen drivers and using a personal car for work.
- Review comprehensive coverage. In Southwest Florida, comprehensive coverage is what generally pays for storm and flood damage to your own car, subject to your deductible and policy terms.
- New to Florida? Our guide for new Florida residents covers the switch.
PRK Insurance Inc is a full-service insurance agency in Naples. We can compare auto insurance options from multiple insurers and review your liability and uninsured motorist limits. Call 239-799-5884 or request a quote.
Frequently asked questions
Will my car insurance go down in 2026?
Not necessarily. The −8% figure is an average indicated by the five largest insurance groups, not a guarantee for every policy. A new vehicle, a ticket or crash, or a change in drivers can still raise a premium. Comparing options is the best way to see where you stand.
Did Florida get rid of PIP?
No. The 2026 repeal bills died in committee, and Florida still requires $10,000 in PIP and $10,000 in property damage liability to register a vehicle.
Is bodily injury liability required in Florida?
Not to register a typical private passenger car. It is still one of the most important coverages to consider, because it protects you if you injure someone else in a crash.
Why are Florida auto rates falling?
OIR credits Florida’s recent legislative reforms. Its data shows lower claims costs, with the personal auto liability loss ratio at its lowest level for Florida in 15 years.
This article summarizes publicly reported information as of October 2026 and is not a quote, prediction, legal advice or coverage guarantee. Rates, eligibility and coverage vary by insurer, driver and policy.
